Portuguese Business Service Centers are attracting foreign investment

Now that globalization is well underway and the most innovative ideas can stem from the most unexpected sources, more and more companies are relying on Business Service Centers (BSC) as a means to improve their workflow and business strategy.

According to the consulting firm PwC, companies that operate in a shared services center report an increased quality in their processes and services, along with lower operating costs. As a result, BSC’s have been growing throughout the world, and Portugal is no exception!

According to a recent study by the international real estate group Savills, this small European country has managed to attract increasing interest from foreign investors, hoping to establish their business in a shared service center.

As of 2021, the data from the Portuguese Trade & Investment Agency (AICEP) claims there are 175 BSC’s currently operating in the country, most of which in Lisbon (111) and Porto (56). Apart from the two major cities, Braga (9) and Aveiro (5) have also managed to attract some interest.

Among the reasons mentioned in the report for the increasing number of established Business Services Centers are the value of Portuguese human resources, the quality of its universities, the existence of a peaceful political climate, as well as the growing investment in digital services.

Calling all foreign investors!

Portugal has become a hotspot for international investment, namely in high-tech sectors. This is a golden opportunity for entrepreneurs to establish their own businesses in an environment with reduced costs and increased productivity.

If you would like to know more about living and investing in Portugal, feel free to reach us anytime! We have a multidisciplinary team of experts willing to support you kickstart your business.