Convertible Loan Term Sheet

Most innovation conferences are designed to maximise attendance. The most effective ones are designed to maximise outcomes. That was the premise behind the second edition of The Impact Circle, held over three days in Boom and Brussels alongside Love Tomorrow.

There are dozens of innovation events in Europe every year. Summits, expos, pitch competitions, matchmaking days. So when corporate innovation leads, startup founders, and investors keep clearing their calendars for The Impact Circle, it's worth asking: what is it about this one?

Most countries treat their innovation policy and their tax policy as separate conversations. Portugal just stapled them together. On 1 January 2024, the old Non-Habitual Resident regime was replaced by the Incentivo Fiscal à Investigação Científica e Inovação (IFICI), a personal income tax incentive that only pays out if you are actually working in research, technology, or a certified startup.