3 reasons to start a business in Lisbon

Lisbon it’s one of the largest metropolitan and urban cities of Portugal, but also the capital of the country, which every year attracts many tourists to visit Portugal. 

The city not only has great prominence in the field of tourism but is also gaining more notoriety in terms of an ideal destination for new businesses. 

In this article we present 3 reasons why Lisbon is the perfect city to expand and implement your new business:

1. Is ranked the 6th best city to start a business

According to the Startup Heatmap Europe 2021 report, Lisbon is ranked in the top 10 of the most attractive cities to open a startup, being placed in 6th place in the ranking.

Lisbon has annual investments of 150 million euros and some of the aspects that makes this city so attractive for startups are:

• The infrastructures;

• AI & Data;

• Female entrepreneurship;

• Cost/benefit ratio that the city offers.

2. Entrepreneur city

Since 2016, Lisbon has been the stage for the Web Summit, one of the most significant events in the world about technology and innovation. This event allows the exchange of knowledge and networking between entrepreneurs, investors and experts. This event holds the ideal environment to grow your business, making it possible to establish partnerships or create new business.

3. Capital of a country that encourages immigration

Fobes ranked Portugal as the best country in Europe for foreign investors, due to the strategy that the country has taken to stop population aging and guarantee economic stability. For that, it was necessary to create tax incentives for foreign investors and stimulate immigration.

To do so, was created the Golden Visa for those who want to start a business in Portugal. This Visa can be requested by any citizen, of any nationality, who intends to open a company in Portugal or invest in financial markets, small and medium Portuguese companies, scientific research or artistic production.

However, Portugal also has other Visas that help stimulate immigration, such as the D-2 Visa, which grants residency to those who want to establish a company in Portugal and the D-7 Visa, which aims to encourage retired and self-employed emigrants to come to Portugal.