Portugal is one of the most peaceful countries in the world with a high quality of life for its residents. It also has one of the youngest workforce in the world and, in terms of business, operating a company in Portugal does not cost you a ton of money. Investing in Portugal can be one of the best business decisions you will make. Its economy is moving upward with an annual growth rate of approximately 0.8 percent. Company formation in Portugal is also easy. Let us help you decide on why you should invest in Portugal.
Before you decide to open a company in Portugal, it would be wise to take a look at some of the factors why you should invest in Portugal.
1. Property - Its Golden visa scheme is perhaps one of the most attractive reasons why you should invest in Portugal. It is a scheme wherein you can acquire residency when you purchase a property in Portugal. This means that company incorporation in Portugal could result to businessmen gaining residency once there is an investment in property, with minimal legal requirements and maximum benefits. With a minimum investment of €250,000.00 on property, you can already reap the benefits of this scheme.
2. Membership of the European Union - Portugal’s membership with the European Union is another important factor to consider if you want to set up a company in Portugal. Membership of the European Union means common currency and free movement and trade within all member states. Portugal is one of the leading members in the European Union in terms of providing services, biotechnology and information technology.
3. Foreign investment incentives - Foreign investments are one of Portugal’s top priorities. The government considers them as one of the most important factors in bringing about economic growth. This is the reason why its government has imposed lesser restrictions on its foreign investments as compared to other countries. It allows foreign investments in all activities under the private sector. If you plan to engage in governmental activities, all you have to do is to secure an approval from the government. This is just another reason why you should invest in Portugal.
4. Knowledgeable Workforce - It is Portugal where you will find a workforce that is young, brilliant and energetic. Its universities have seen the highest enrollment rate in recent years and they are expected to produce qualified graduates in upcoming years. Its universities have also partnered with schools like MIT in order to boost student knowledge in science and technology. Once you open a company in Portugal, you can be assured to have quality employees at your disposal.
If you need more reasons to invest in Portugal, we have plenty specialists in incorporating a company in Portugal. We are more than willing to cater to your needs, so all you have to do is to contact us.