Portugal seems like a good market for Matt to move into. He’s looked into the legal requirements of trading records in Portugal and is pleased to find there aren’t any. But what other financial or regulatory requirements should he check?

(A) Custom duties and tariffs

(B) Portuguese taxes

(C) Exchange rates

(D) National holidays

(E) Product safety requirements

(F) Insurance cover

Explanation

Matt should check all of the above mentioned financial and regulatory requirements except National holidays because it doesn’t have an effect on his business. He should check the import duties and tariffs which are the tax levied on imported goods by the Government of Portugal. He should check the Portuguese tax rates and the Exchange rates used for transactions. After that, he should check the product safety requirements mentioned in the import of products and finally, he should check the details for the Insurance cover on his goods. He can get information about this on the Portuguese government website.

Conclusion

This question is a part of the Check Your Knowledge section of Google Digital Garage and Unlocked course. We have also provided all the answers to the Check Your Knowledge section of Google Digital Garage and Google Digital Unlocked.

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