3 Reasons Businesses Are Flocking To Portugal

Moving to another country. Starting a new life. Starting a business. Sound scary? Certainly.

But making your dreams come true means taking risks, stepping out of your comfort zone and leaping forward into the future.

Business owner in Portugal based office
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And when it comes to achieving their dreams, many aspiring entrepreneurs find that they are not content to settle where they are now. Instead, they’re setting their sights on international markets, from classic business hotspots in bustling cities to emerging areas where the tourist trade is booming.

For these entrepreneurs, Portugal is quickly becoming a dream destination. Here are three main reasons why.

Algarve cave, Portugal
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1. Tourist hotspot

It’s easy to see why tourists flock to Portugal – with its sunny climate and idyllic scenery it’s the perfect place for a family holiday or romantic getaway, and the vibrant capital Lisbon is where weekend travelers can book the perfect city break.

From a business perspective, Portugal is something of a gold mine. Your business doesn’t necessarily have to cater to holidaymakers, but if you locate in a tourist area like the Algarve you can take advantage of seasonal trading.

But don’t forget that local issues will be important too. Naturally, you’ll need to build a domestic customer base you can rely on to keep business running smoothly during the quieter months. Therefore, you need to ensure that your business model can also attract some local business.

Lisbon, Portugal
photo credit: Lisa Fotios/Pexels

2. Golden Visa

The main reason Portugal is so attractive to ambitious business people is its citizenship through an investment program, which encourages international investors into the real estate market.

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The scheme grants investors a residence permit that gives them the right to live and work in Portugal. This is an ideal business opportunity for those looking for both personal and professional opportunities. You can view eligible investments with property gurus Property Lisbon.

Portugal’s EU membership means permit holders also have access to cross-border work and travel opportunities – perfect for those who have big dreams for their business in the future.

Strolling through a street in Portugal
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3. Beautiful place to live

Portugal is very popular with tourists, but all over the world travelers looking for a new home are drawn to the country’s beautiful climate and breathtaking landscape. For these adventurers, Portugal is the perfect place to start a new life.

This comes as no surprise. Every part of the country is postcard perfect, from the cities to the beaches. Not to mention the much underrated Portuguese countryside, which offers lush landscapes and rolling hills in abundance.

Food is also an integral part of Portuguese culture. Thanks to the many fishing hotspots, fresh fish is on almost every dining table, served with fresh vegetables and port wine, another local specialty. Pastries are also a favorite; In fact, Portugal is home to some of the best pastry shops in the world.

Espresso and egg tart
photo credit: Daria Shevtkova / Pexels

To conclude…

These are just three fantastic reasons why entrepreneurs are flocking to Portugal to realize their business dreams, but hopefully they’ve inspired you!

Are you considering Portugal for your business dreams? Tell us more in the comments below.

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