Development support group ELO has produced a report that gathers together the main difficulties facing Portuguese companies when they try to establish themselves in other Portuguese-speaking countries, according to the Portuguese press.
A copy of the report was handed over to the Portuguese Prime Minister Monday and in it the Portuguese Association for Economic Development and Cooperation on Economic Lusophony (ELO) lists the major difficulties faced in Angola, Brazil, Cabo Verde (Cape Verde), Guinea-Bissau, Equatorial Guinea (some information is lacking for this country as it only joined the Community of Portuguese Speaking Countries in July 2014), Mozambique, São Tomé and Príncipe and Timor-Leste (East Timor).
Some of the constraints and limitations on the operation of Portuguese companies in these territories are, for example, difficulties in granting visas, lack of skilled labour and problems with the bureaucracy of each country.
Oe of the biggest difficulties is relates to human resources, with the majority of companies surveyed for this study considering that “the shortage of qualified human resources and adequate experience is a significant limitation in Angola and Mozambique,” with Brazil and Cabo Verde as the countries where this difficulty is felt less.
“All countries of the CPLP show very heavy constraints on the movement of people and capital with a significant impact on the business potential of Portuguese companies. The constraints are at the level of heavy bureaucracy to obtain visas, direct investment authorisation and licensing for movement of goods,” said the report cited by daily newspaper Observador.
The report is available in its entirety here – http://observador.pt/wp-content/uploads/2015/06/elo-_-relatorio.pdf. (macauhub/AO/BR/CV/GW/MZ/PT/ST/TL). (Macauhub/AO/BR/CV/GW/MZ/PT/ST/TL)