Investing in a foreign country is always risky. But when that country allows you to live and work there as a permanent resident or even full citizen, it’s often worth the gamble.
And because Portugal’s economy is so strong and growing stronger, a lot of people from the US, the UK, Canada, and elsewhere are looking at Portugal as the best place to start a new business.
Portugal has one of the most stable and fastest-growing economies in the world. And it’s getting bigger and stronger every year.
The Portuguese economy has had a steady, continuous growth rate since Q3 2014, with an annual Gross Domestic Product growth of 1.5 percent as of Q2 2015. This economic growth has been accompanied by a continuous and consistent fall in the unemployment rate (6.9% in Q1 2019 compared to 13.9% in Q4 2014).
And while like every European nation its economy was affected by the global pandemic, Portugal has shown a strong bounce back as the COVID threat abates everywhere.
That’s not to say the country has not had its challenges. In the wake of the financial crisis of 2007-2008, the Portuguese economy shrank for three consecutive years. But many analysts agree that the biggest problems are behind it as the country aggressively positions itself for the future through innovative policies.
If you are looking to invest overseas, Portugal has the opportunity, potential, and expanding markets that can help ensure your business’s success. Plus, with its inviting immigration program that opens the door to European citizenship, it’s a sound investment in your future. Let BRINT Portugal help you discover the benefits of living, working, and thriving in Europe’s most welcoming country: Portugal.