Number of Startups in Portugal Grows 16% in 2024

Number of Startups in Portugal Grows 16% in 2024

The more than 4,000 startups have revenues of 2,602 million €, according to data from the study developed in partnership with Startup Portugal. In 2024, Portugal had 4,719 startups, 16% more than in 2023, with a combined turnover of €2,602 million, according to data...

Portugal’s Economy Outperforms Europe

Portugal’s Economy Outperforms Europe

The International Monetary Fund (IMF) highlights Portugal as an example of economic performance above the European average. Portugal's economic performance has surpassed the European average since 2019, with average annual growth rate twice that of the euro zone....

Portugal’s Strategic Position as a Business Hub

Portugal’s Strategic Position as a Business Hub

  A "One Stop Shop" for International Companies.   In an increasingly competitive global landscape, Portugal its a prime destination for international companies and startups through its "one stop shop" model, which provides integrated services to streamline...

Portugal Emerges as Europe’s FDI Powerhouse

Portugal Emerges as Europe’s FDI Powerhouse

In recent years, Portugal has emerged as one of Europe’s most attractive destinations for Foreign Direct Investment (FDI), capturing the attention of international investors and multinational corporations. Over the past five years, the country has experienced an...

Portuguese IRS Opens to Newcomers from Abroad

Portuguese IRS Opens to Newcomers from Abroad

Those who come to Portugal from abroad, whether Portuguese who have emigrated and are returning to the country or foreigners who have never filed any income tax return in Portugal, will be able to benefit from the IRS Jovem for the entire ten years, even if they have...

China Grants Visa Exemption for Portuguese Citizens

China Grants Visa Exemption for Portuguese Citizens

The measure takes effct  on October 15 and runs until December 31, 2025.   China has announced that it will extend its visa exemption policy to Portuguese citizens for stays of up to 15 days, thus including Portugal on a visa exemption list.   The extension...

Foreign Investment in Portugal at Record Highs

Foreign Investment in Portugal at Record Highs

Foreign investment in Portugal renews highs in the second quarter and already represents 69% of Portugal's GDP.   Stock of Foreign Direct Investment in Portugal rose to 183.9 billion euros in the 2nd quarter. Portugal's Direct Investment Abroad also increased to...

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