Portuguese FDI Regime Allows up to 100% Foreign Participation in Domestic Insurance Companies

Date: 2015-09-01

“• The Portuguese insurance industry is regulated by the ASF.

• Composite Insurance is not permitted in Portugal.

• The Portuguese FDI regime allows up to 100% foreign participation in domestic insurance companies.

• Non-admitted insurance is not permitted. However, insurers from EU member states can operate either directly or through a branch, on the basis of freedom to provide services.

• Compulsory classes of insurance include motor third-party liability insurance and workmen’s compensation insurance.”

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