Yes, absolutely. The number of entrepreneurs in Portugal is growing fast, as a consequence of a well-educated and English-speaking workforce, universities at the top of their game, a less competitive environment, and tax benefits that help make the most out of an investment.
Achieving major financial success is so rare that companies that manage to do so are called unicorns. Not only does this means a billion-dollar valuation, but also the ability to attract investment, create jobs, and push competitors to do better.
In Portugal’s case, there are already six unicorns (just this year we saw three of them skyrocketing, Feedzai, Remote, and SwordHealth). Together they reach a valuation of around 34 billion euros, according to ECO. This is about 16% of Portugal’s GDP and 44% of the PSI-20 index (Portugal’s biggest stock).
A haven for tech companies
Populated by highly educated, skilled, and tech-savvy talent, Lisbon and Porto are becoming dream startup hubs.
At the Web Summit opening, last November, Lisbon mayor, Carlos Moedas, even promised to set up a unicorn factory for tech companies.
In addition to this, Portugal benefits from a central location between Europe and North America. And here’s another fact you probably didn’t know: a program for businessmen to live and invest in Portugal known as StartUP Visa.
The safest way to get revenue
StartUP Visa is a residence visa for young entrepreneurs, aiming to attract investment, innovation, and talent.
Yes, it’s a win-win situation! On the one hand, you are issued legal residence to live in the country, but you also bring your ideas and your business partners to scale your business and put Portugal at the forefront of the startup scene.
Find out more about the StartUP Visa here!
Looking to live and invest in Portugal?
If so, we can help with that! We know how hard it is to transform ideas into businesses and how maddening the way up can be. But we also know how to fulfill your goals.
Get in contact with us and let our team find you the best solutions!