Why Invest in Portugal

Portugal is a great option for foreign investors who want to reach the limit of the European continent and have easy access to the Atlantic Ocean. It also represents an excellent entry point for a foreign business looking to get into the European Union. The structure of the Portuguese economy, together with the easy and full of benefits system turn Portugal into an appealing choice for entrepreneurs from abroad. In addition to that, high technology, high quality products and high standard of living make Portugal an ideal place to invest in.

Market

Portuguese market is far larger than it may initially appear, enabling the access to a 250 million Portuguese speaking market, which is responsible for generating an annual Gross Domestic Product of 1.6 billion EUR. Situated on the West Coast of Europe, Portugal's strategic position makes business easy whether you choose to extend to West or East.

Infrastructure

Portugal has three international airports in the mainland and seven in the Azores and Madeira Islands. When it comes to transportation by sea, there are nine ports in the mainland, the port of Sines being the most important and active one. Railway network is also well-developed in Portugal.

Workforce

Many steps have been taken in order to upgrade the academic and professional experience of the Portuguese workforce over the years. Today, Portugal has a highly skilled labour force, with high level of education in a wide range of fields, especially in Business and Administration. Portuguese employees are also very skilled when it comes to foreign languages, such as English, French or Spanish.

Taxes

Portugal has developed some tax incentives in order to make the country more attractive foe foreign investors. If an entrepreneur from abroad decides to set up a business in Portugal, the company will be subject to a standard corporate tax rate of 25% if the income is over 12,500 EUR and 12.5% for less. For an income that exceeds 2 million euros, the corporate tax rate is higher with 2.5%. In general, tax deductions for foreign investors are offered on the basis of the amount of investment or number of employees. For instance, companies that create jobs for young people benefit from a corporate tax reduction of 50% for salary payment. 

BridgeWest offers company formation in Portugal, including virtual office and other related services.