Portuguese is the fifth most widely spoken language in the world and with that, Portugal provides easy access into Europe for countries like Brazil, Angola, Mozambique, Cape Verde, São Tomé and Principe, Guinea-Bissau and East Timor. Communications with the Americas is aided by the fact that the local time zone is one hour closer than the mainland of Europe.
The year-round temperate climate together with the nature and cultural heritage, make Portugal a desirable country to live in. In addition, the wages remain among the lowest in Western Europe. Key industrial sectors on In Portugal include Automotive, Hi-Tech, Aeronautics and Renewable Energy. Portugal is also home to a of Shared Service centres for several multinational companies1.
With several international airports and seaports, it is easily accessible and operates as a true gateway to Southern Europe. Portugal also has an excellent road roads rated the fifth best in the world2.
The most problematic factors for doing business in Portugal2 are:
• Access to financing
• Restrictive labour regulations
• Inefficient government bureaucracy
1 Invest in Portugal
2 Global Competitiveness Report 2011-2012 (World Economic Forum)