Ministry of Economy and Innovation

ICEP

Invest in Portugal Agency

In 1986 Portugal became a member of the European Union (then EEC). This moment constituted a landmark and still continues to shape the Portuguese development and economic growth. Since then, Portugal has been increasingly opening its borders to foreign markets and committing itself to European and global trade. The country has witnessed GDP growth thanks to the increase of consumption, public and private investment and exports. All this contributed to better living standards for its citizens, development of infrastructures and modernization of the country.

The Euro has been the official Portuguese currency since 2002.

Portugal is both an excellent market and also a potential partner for profitable investments. The following are just some of Portugal’s advantages:

PRIME LOCATION

With a background of economic openness, Portugal has strong ties with the EU and a unique geo-strategic location, making it a natural gateway between the EU and world markets. The country’s ties with the African continent and Brazil and its transatlantic link with the USA provide a cost-effective internationalization base.

PROACTIVE REFORMS

Known as a business-friendly country, with a successful track record of foreign investment inflow, Portugal has been implementing reforms to enhance competitiveness in key areas such as: Labour Law; Tax System and Incentives; Administrative Reform and Market Regulation.

COST COMPETITIVE, SKILLED & FLEXIBLE WORKFORCE

Portuguese employees are known for their versatility and commitment to work, with a positive attitude towards the adoption of new technologies and practices.

STRATEGIC COMMITMENT TO KNOWLEDGE

Portugal has experienced outstanding scientific progress among EU and OECD countries. Today, the country has a fast-growing, strongly internationalized and future-oriented science & technology community of young researchers.

EXCELLENT ENVIRONMENT TO LIVE AND WORK

Working in Portugal implies a better quality of life. Portugal is renowned as a modern, beautiful and safe country. Furthermore, Lisbon is considered one of the world’s top cities.

INFRASTRUCTURE

Portugal is investing in ongoing modernization of its communications infrastructure: the result is an extensive network of land, air, sea and digital facilities.