back to top
Community

What You Must Know About Making Your Business In A Portugal A Success

Portugal is a great place to start a business. The economy here has grown vastly and the GDP is consistently above the European average.

Posted on
The country is open to foreign investment and also provides subsidies to many. There are an increasing number of people from different European countries that are moving to Portugal for better opportunities. Portugal's involvement in places like Brazil and Africa, give its industry a distinct advantage of the establishing commercial contacts, business opportunities, access to the expanding markets.Why start a business in Portugal?Although the level of entrepreneurship in Portugal is still relatively low, there are a number of advantages of starting a business here Portugal is a founding member of the European Monetary Union. Some of the other advantages include a good workforce that offers the best training facilities, attractive incentive deals for investors, a large range of locations and facilities that are available at competitive prices. Portugal has one of the continent's best records for industrial relations and has the country has the lowest operational costs in Western Europe.The economic overviewPortugal has a service-based economy and many of the state-controlled corporations have been privitized. There is also a relaxation in many areas of the economy like the finance sector and telecommunication. The government faces a challenge in its attempt to boost the country's competitiveness while balancing it with the aims of the European budget deficit.Business opportunitiesWhen expanding business overseas, it is important to carry out a good market research to find out if your business if there is a demand for your business there. The business opportunities in Portugal include healthcare, renewal energy, security and tourism. The main export commodities include Agricultural products , Food product, Oil products, Chemical products, Plastics and rubber, Skins and leather, Wood and cork, Wood pulp and paper, Textile materials, Clothing, Footwear, Minerals and mineral products, Base metals, Machinery and tools, Wine products etc.Overcoming the ChallengesThe general lack of knowledge on how to operate in Portugal can be a significant obstacle for foreign companies wishing to do business here. The usual challenges in expanding your business in Portugal can include bureaucracy, a slow judicial system and corruption. A business consultant can help as they provide guidance in all areas of business. With the help of a business expert, you can get the required assistance in all aspects of your business, be it legal, HR, Payroll,expat tax advice orinternational accounting. Partnering with an expert can make a difference in increasing the chances of your company's success.Global7 is company of import and export products in Portugal where can you find all the information about the Portugal its Products.

The country is open to foreign investment and also provides subsidies to many. There are an increasing number of people from different European countries that are moving to Portugal for better opportunities. Portugal's involvement in places like Brazil and Africa, give its industry a distinct advantage of the establishing commercial contacts, business opportunities, access to the expanding markets.

Why start a business in Portugal?

Although the level of entrepreneurship in Portugal is still relatively low, there are a number of advantages of starting a business here Portugal is a founding member of the European Monetary Union. Some of the other advantages include a good workforce that offers the best training facilities, attractive incentive deals for investors, a large range of locations and facilities that are available at competitive prices. Portugal has one of the continent's best records for industrial relations and has the country has the lowest operational costs in Western Europe.

The economic overview

Portugal has a service-based economy and many of the state-controlled corporations have been privitized. There is also a relaxation in many areas of the economy like the finance sector and telecommunication. The government faces a challenge in its attempt to boost the country's competitiveness while balancing it with the aims of the European budget deficit.

Business opportunities

When expanding business overseas, it is important to carry out a good market research to find out if your business if there is a demand for your business there. The business opportunities in Portugal include healthcare, renewal energy, security and tourism. The main export commodities include Agricultural products , Food product, Oil products, Chemical products, Plastics and rubber, Skins and leather, Wood and cork, Wood pulp and paper, Textile materials, Clothing, Footwear, Minerals and mineral products, Base metals, Machinery and tools, Wine products etc.

Overcoming the Challenges

The general lack of knowledge on how to operate in Portugal can be a significant obstacle for foreign companies wishing to do business here. The usual challenges in expanding your business in Portugal can include bureaucracy, a slow judicial system and corruption. A business consultant can help as they provide guidance in all areas of business. With the help of a business expert, you can get the required assistance in all aspects of your business, be it legal, HR, Payroll,expat tax advice orinternational accounting. Partnering with an expert can make a difference in increasing the chances of your company's success.

Global7 is company of import and export products in Portugal where can you find all the information about the Portugal its Products.

This post was created by a member of BuzzFeed Community, where anyone can post awesome lists and creations. Learn more or post your buzz!
The best things at three price points