Portugal has since many years, focused on being an attractive outsourcing and nearshoring location in Europe. The country shows a well-developed IT-infrastructure, technical work force quality at affordable cost, advanced linguistic abilities, relatively low rents compared to other EU countries as well as high quality of life. During the latest years, the country has as well gained recognition being a tech hub for global ICT players, such as Vodafone Group and Altran. Recent establishment of Mercedes first global digital competence centre in Lisbon 2017, creating technology within connected cars and autonomous driving, shows an investment climate similar to Barcelona, London and Berlin.
Lisbon – a rising tech hub in Europe
In 2016, Lisbon gained recognition as a new tech hub in Europe as a result of the relocation of the Web Summit conference, as well as Portugal presenting a vivid start-up ecosystem, not to mention their first unicorn – Farfetch. The Portuguese capital is also offering an attractive business climate with governmental incentives for investors, which has generated a continuous flow of foreign company investments and business establishment.
For more information upon Lisbon as a rising tech hub and Portugal as global hub for ICT activities, read the report written by Business Sweden early 2017.
Please contact Malin Svensson for a discussion upon your company’s business opportunities in Portugal.