Magda Viçoso, partner at Morais Leitão, argues that “execution capacity” is the key factor to make Portugal more attractive for investment.
In a flash interview with Jornal Económico during the Advisory Summit, Morais Leitão partner Magda Viçoso emphasised that, despite improvements in incentive schemes and the tax framework, structural barriers persist:
“We can change incentive programmes or the tax framework, but if our procedures and the State’s response capacity are not adequate, laws and incentives are not enough.”
She also drew attention to the contextual costs caused by delays in licensing, interactions with public authorities and the judicial system — all of which “discourage investors”.
Regarding the impact of artificial intelligence, she noted that sectors such as banking, agriculture, logistics and healthcare are undergoing transformation, but this evolution has yet to reach most SMEs:
“SMEs, which play a decisive role in Portugal’s economic fabric, are still not sufficiently equipped to create value from these areas.”
Magda Viçoso concluded on a note of confidence: the current context of political stability may create room for structural reforms that reinforce execution, promote innovation and allow more companies to take part in the upcoming industrial revolution.
Watch the full interview at the link below.
