As a business consultant specializing in international entrepreneurship and investment, I have seen the benefits of investing in Portugal while relocating a home-based entrepreneurship firm back in 2019.
Portugal’s favorable tax laws, affordable cost of living, and thriving startup scene make it an attractive destination for entrepreneurs looking to establish their business and lifestyle needs.
Its strategic location and access to international markets also make it an attractive destination for entrepreneurs looking to scale up their businesses. The excellent infrastructure and supportive business environment provide entrepreneurs with the resources they need to succeed.
Personal Experience
My experience in Portugal as an entrepreneur has been incredibly positive. From the friendly locals to the supportive business climate, I have found it to be a great place to start and grow my business. The government’s commitment to supporting small businesses and startups has been invaluable in helping me get off the ground.
The investment opportunities are also vast. With attractive tax incentives, a favorable real estate market, and access to international markets, investors can find lucrative deals that make it worth their while.
Additionally, non-EU nationals can invest in Portugal and get citizenship after gaining residence through the Golden Visa program and even obtain Portuguese citizenship after meeting certain criteria.
I have also found Portuguese banks to be reliable for any financial transactions related to my business. They offer competitive interest rates
A Favorable Tax Regime for Entrepreneurs
One of the most significant advantages of investing in Portugal is its favorable tax laws.
The Non-Habitual Resident (NHR) tax regime offers a range of benefits for entrepreneurs, including a flat tax rate of 20% on income earned in Portugal. Compared to other European countries, Portugal’s tax laws are incredibly competitive, making it an attractive destination for entrepreneurs seeking to minimize their tax burden.
One of the biggest benefits of the NHR tax regime is that non-habitual Portuguese residents are eligible for some significant savings on their taxes. This could significantly reduce the overall cost of living in Portugal compared to other countries, potentially making it even more affordable for those looking to move and establish a new business. Furthermore, due to its liberal taxation system, Portugal can be an attractive choice for entrepreneurs seeking to migrate and create a better future for themselves.
Low Cost of Living (Still)
In addition to its favorable tax laws, Portugal also boasts an affordable cost of living. Compared to other European countries, Portugal’s cost of living is relatively low, making it an ideal destination for entrepreneurs seeking to establish a home-based business. With affordable housing options and a high quality of life, Portugal offers an excellent standard of living for those seeking to invest in their future.
Portuguese citizens benefit from Portugal’s affordable cost of living by having more questions to invest their money into. Many people are investing in real estate in Portugal, which provides a major return on investment for many. You can also find offers for cheap rent and affordable utilities, along with free health care. These benefits create an attractive environment for potential investors looking to get the most out of their investments.
A Thriving Startup Scene
Portugal’s startup scene is also thriving, with a range of resources available to entrepreneurs. From accelerators to incubators, Portugal offers a supportive ecosystem for startups seeking to grow and scale. With a strategic location and access to international markets, Portugal is an ideal destination for entrepreneurs seeking to expand their business globally.
Portugal has an established base of successful startups that provide future entrepreneurs with the funding they need and the support their business thrives. Through investment capital, mentoring, and other services, startups in Portugal are seeing great success. It’s no wonder why so many entrepreneurs are queuing up to move their business venture to this beautiful country.
A Paradise for Digital Nomads and Remote Workers
For digital nomads and remote workers, Portugal is also an attractive destination. With its vibrant culture, stunning landscapes, and fast and reliable internet connectivity, Portugal offers everything you need to work remotely. And with favorable tax laws for digital nomads and remote workers, Portugal is an ideal destination for those seeking to establish a home base for their business.
One of the main advantages of Portugal for digital nomads is the ease of obtaining a residency visa. The government has recently added incentives that make it easier for digital nomads to get entry and residence visas, allowing them to work remotely in Portugal with greater security and stability. Additionally, Portugal has multiple coworking spaces that are ideal for digital nomads to set up their operations and take advantage of the country’s supportive business environment.
In conclusion, Portugal offers a range of benefits for entrepreneurs seeking to invest in their future. From favorable tax laws to a thriving startup scene, Portugal has everything you need to succeed.
With a strong economy, scenic landscapes, and high quality of life, you have much to gain from taking this opportunity. Of course, before making the decision to invest you should always weigh your options carefully and research the most suitable program for you.
So why not consider Portugal as your next destination for your business and lifestyle needs? Invest in Portugal for entrepreneurship and get residency or citizenship while watching your business thrive.
