Portugal is the fourth safest country in the world, has flat income taxes for expats, tax incentives for foreign businesses and readily available co-investment funds for VC’s. Also, you'd be joining the best.
From inside Europe, Portugal addresses a global community of 260M people.
There is an extremely pro-innovation government in place, Lisbon and Porto are regarded as two of the world’s coolest cities, the sun is always shining and the food is off the charts.
And btw, the cost of living is still well below of that of Central Europe and the United Kingdom, while the economy is growing strongly.
Have you heard about 200M? It’s a €200m VC matching-fund, publicly run deal-by-deal to de-risk foreign investment in companies set up in Portugal. It even allows you to use a foreign entity and buy back shares after 4 years for 4-6% IRR.
Mercedes Benz, BMW, Google and AWS recently opened offices in Portugal, and a lot of startups are following their lead, helping the tech and startup ecosystem grow exponentially.
Did you know that Portuguese is the 5th most spoken language in the world? More than 260 million people around the world speak the language, in communities that span from Brazil to Macao. Also, Portugal ranks 18 world wide in English Proficiency.
Public policies to support startups and VC now include initiatives like a sandbox regulation for driverless vehicles or drones, a network of 135 accelerators and incubators, startup vouchers, an incubation voucher, a ongoing database for startups and investors with all ventures and initiatives in the country, and tax incentives for early stage individual investors. Also, renewable energies are booming in Portugal and in March 2018 the whole country ran solely on green energies.
It’s impossible not to fall in love with the views from hilly streets, ample beaches and steep vineyards that coexist within the vicinities of a glamorous downtown. Artist and writers often come to visit and find themselves never leaving Porto.
Forget about comparing Portugal’s cities with Berlin, Paris or London. When you look at other western Europe capital countries, Forbes has ranked Portugal number one in affordability, for 4 years in a row.