Mergerfilers - Portugal Foreign Investment Guide

Gonçalo Anastácio, Sara Estima Martins, Nuno Calaim Lourenço and Duarte Pirra Xarepe – Partners and an Of Counsel, respectively, in the European Union & Competition Department at SRS Legal – analyse the Portuguese foreign investment control regime in the October 2026 edition of the Merger Control Guide, published by the international platform Mergerfilers.

The guide provides a comprehensive overview of the legal and regulatory framework applicable in Portugal, covering, amongst other aspects, the mechanisms for protecting strategic assets, the criteria for assessing investments originating from countries outside the European Union and the European Economic Area, the procedures and timeframes for review by the competent authorities, and the possibilities for opposing transactions that could compromise national security and strategic interests.