Establishing a business in Portugal is fast and inexpensive as the country has established a National Trade & Investment Agency to help foreign investors streamline the process once they have procured citizenship by investment—Portugal Global Trade & Investment Agency helps foreign investors with everything from finding the ideal location for a business to helping with incorporation. In fact, the country prides itself on their simplification of the procedures involved in setting up a business. As long as foreigners are legal residents of Portugal, there are minimal restrictions on setting up a company.
According to the World Bank, the Portuguese economy is the 43rd largest in the world and has been one of the OECD economies with the highest GDP growth rate during the past 40 years. Since 1986 there have been strong reforms that have enhanced the infrastructure and since 2007 Portugal has been increasing technological and pharmaceutical exports. Due to the high rate of tourism, the services industry is the cornerstone of the Portuguese economy.
Of course, the beautiful climate and relaxed atmosphere also allow for Portugal to be the ideal place to set up a business. And those seeking to invest in real estate are likely to enjoy even quick trips to this beautiful paradise.
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