A member of the European Union for 36 years, Portugal is a modern country with a unique charm that has a vast history behind it for a small country with a population of 11 million people. Let’s find out with VNIS Investment why is Portugal so attractive to foreign investment and immigrants!
Infrastructure and connectivity
Infrastructure funds are pouring in, connecting the North to the South and from East to West. The highway is under construction; The airport is increasing its capacity. So connectivity has improved in the country.
Connectivity is increasing at home and abroad. For example, with airports having increased capacity, low-cost airlines are transforming travel within Europe.
The best kept secret in Europe for investment and tourism
Portugal is the most unexplored country in Western Europe. PWC has called the Portuguese country the best kept secret in Europe for investment and tourism.
There is no doubt that Portugal is trending towards becoming a touristic country these days. Portugal has been voted the best travel destination in the world for the third time. It has great restaurants with talented chefs and wonderful boutique hotels around the country — lots of interesting products and brands emerging from all parts of Portugal.
Industry – sustainable energy production
Portugal is a leader in sustainable energy production. It meets about 30% of total final energy demand in 2019, mainly hydroelectricity and wind power. For a month, Portugal has enough energy to sustain the whole country.
Everyone knows that Portugal is a beautiful country. You have more than 900 kilometers of beautiful coastline; you have the amazing island of Madeira just like the island, considered the number 1 island in the world. You have a beautiful olive plantation and vineyard that is protected by UNESCO as a World Heritage Site. The rivers and mountains here are very beautiful.
High quality lifestyle
Portugal is gaining recognition because of a number of other factors. The quality of the way of life, over the years, the country has attracted Americans, British, Brazilians, French and Asians who make Portugal their second home.
Speaking of lifestyle, connectivity plays a vital role. For example, Lisbon airport will take you 7 to 9 hours by flight from the US and the Middle East. It is 1.5 to 2 hours from the UK. That tells you how strategically central Portugal is.
Talking about lifestyle is also talking about convenience. We have late night shopping, Sunday shopping, easy access to quality services, valued, lifestyle is also living in the right weather. Not too hot, not too cold, lots of sunshine, fresh air. Not to be underestimated, the lifestyle is about access to nature, quality food and living in a safe and secure environment. Portugal ranks highly in all of these points.
Portugal is a great place for education. The Portuguese university produces many engineers, IT graduates, architects and scientists. They are needed by many international companies who are thinking of moving to Portugal right now. The program attracts international students to Portugal because of the Master’s Programs taught in English at these top universities, the quality of education and the lifestyle I mentioned earlier.
Since the Web Summit, the world’s largest organization has announced Lisbon as the host city in 2016 for the next 10 years. This has helped Portugal receive a lot of attention and is recognized as the silicon valley of Europe. This growth will continue.
Investment Initiatives and Incentives
The Portuguese government has also adopted a number of administrative measures to simplify some procedures and processes in order to remove some of the red tapes associated with the private equity and venture capital firm, a private equity firm. established a business in Portugal.
Yes, the government has also launched a series of initiatives and investment incentives over the years. Examples include the Portuguese Golden Visa Program, the Startup Visa, the tax incentive that is fixed at 20%, and the government co-investment program for startups. These incentives have certainly brought in financial and human capital through foreign investors and immigrants. Billions of dollars have poured into the country.
I want to mention an emotional reason that I have observed and gathered from people who have moved here. Portugal ranks third in the global peace index after Iceland and New Zealand. Portuguese people are always welcoming and show the warmth and hospitality of foreigners, that’s why the hospitality industry is doing well.
They take the family as the center because they love, care and support their children, reflected in society. In Portugal people have great respect for the elderly. People take care of their parents and grandparents. They take their advice seriously. They spend a lot of time with their family.
Portugal is a most open, tolerant and free society. People here welcome people from different countries in terms of religion, creed and skin color. This is worth a lot in this generation.
We hope the above article has helped you to learn and answer the question: Why is Portugal so attractive to foreign investment and immigrants?
Written by: Desmond Ang