Not only large companies choose to locate in Portugal. Smaller American and European startups also move to the country to establish or increase a presence in Europe, to solve the recruitment problems, to reduce the cash burn rate and to operate from a multicultural, well-located, warm and welcoming country.
Jungle AI For example, They did not intend to move from Amsterdam to Portugal, but very quickly realized that the answer to the recruitment problems they were experiencing in the Netherlands could be found in Lisbon. Shiptimize also pulled from Holland to Lisbon, but for different reasons. They wanted to expand the company’s automated delivery service to Latin America, and chose Portugal over Spain due to higher levels of English language proficiency.

Despite the growing popularity of the country, Portugal is still a destination with reasonable prices in Western Europe. The high standard of living at a fair price and access to the borderless European Schengen area attract digital nomads, skilled workers and entrepreneurs. Lisbon, the capital, is a charming combination of Paris and San Francisco but at low prices. With an average rent of $1,100 for a mid-sized apartment downtown and daily living expenses, Costs are an average of 45% lower than in San Francisco. The existence of a permanent local team is also considerably more profitable than in other western cities. In Portugal, you can have an office in a good location, with all services, including a talent team that will cost about a third of the largest cities in the US andhalf of most Cities in Europe.

Thanks to its high command of the English language and highly ranked technical and business universities, Portugal is often sought after for technology, customer success and product teams. The development people are definitely the local gem: about 7,000 students in the field of ICT(Information, Communication, Technology) annually complete the The universities in Portugal, while the informal education is gaining momentum and credibility. Self-taught and coding bootcamps are popping up across the country and adding to the talent pool.
Therefore, if you are looking to expand your presence in Europe, keep an eye on Portugal, a country with a unique combination of weather, culture, lifestyle, technology and innovation. span>

The article is published in collaboration with our strategic partner BRIDGE IN – a company offering business relocation services to companies and startups interested in launching operations in Portugal.