03/12/2022
**Insights: Portugal's commercial advantage**
Portugal is a strategic location for companies wanting to establish a presence in Europe and for investors looking for a favourable business climate.
The most frequent industry areas in Portugal are tourism, technology services, agriculture, renewable energies and construction. That is, they present greater business opportunities for small businesses and startups. Major cities most suitable for startups
Portugal is well connected to the rest of the European Union and, as a member of the community, its standards and laws are aligned to those in the EU in terms of commercial, import/export and business matters. The country also has good trade relations with the United States, Brazil and Africa.
The workforce in Portugal is skilled whilst costs for hiring employees are lower compared to some other EU countries.
The business environment is attractive for entrepreneurs in all sectors and an important advantage is its openness towards foreign investors and employees.
There are generous packages, many of them backed by EU funds, to attract companies and there are incentives for large investment projects and for proposals impacting positively on tourism, science and the environment. Portugal also has a well-developed transport infrastructure, ICT network and investors and expats enjoy a very high quality of life and temperate climate.
