- Protected up to an equivalent of €100,000
- Funds can be terminated early
About Banco Português de Gestão
Banco Português de Gestão is a small Portuguese private corporate and investment bank that was founded in 2000. The bank has its main office in Lisbon and has another branch located in Porto. Banco Português de Gestão is majority-owned by the private Foundation Fundação Oriente.
Banco Português de Gestão’s client base includes small and medium-sized businesses as well as wealthy individuals and government institutions, and the bank offers its clients services in the areas of investment banking, corporate banking, retail banking, finance and wealth management. In addition, Banco Português de Gestão provides tailor-made solutions for the special requirements of the social welfare institutions belonging to the customer base.
Tax process and documents
Since the investment income tax and solidarity surcharge (plus church tax, if applicable) are due on the interest income from private investors in Ireland, all income - including that from abroad - must be stated in the private tax return.
In Portugal, a withholding tax of 28% is withheld, which will be reduced to 15% if the tax form "21-RFI" is submitted in time and is fully deductible in the context of a tax return if it is not refundable abroad. This may have been issued by your tax office a maximum of 12 months before the interest payment (due date).
If you have more than one term deposit with the bank, you have to submit the documents several times - separately for each term deposit investment you have made.
An opening account application must be submitted in the original by mail as well as a copy of your proof of the profession. For details see the product information sheet.