Portugal has been recognized internationally for having several competitive advantages that justify the interest of investors. We will address some of them in this document.
International investors in the real estate sector "remain very interested in Portugal", taking into account the "good performance of the economy" and the “response to the covid-19 outbreak”, according to the consultancy Cushman & Wakefield (CW). For the consultant, the demand from international clients should be the first to retake in terms of activity, "since Portugal will continue to offer the same differentiating factors recognized by foreigners". The CW also highlights the "quick and effective response from the Government and society" to the pandemic, which "reinforces this good reputation". Taking advantage of this news we would like to share with you the competitive advantages of our country. Mainland Portugal is geographically located on the west coast of Europe, on the Iberian Peninsula. It borders on the North and East with Spain, on the West and on the South with the Atlantic Ocean, being located in a geostrategic position between Europe, America and Africa.
International investors in the real estate sector "remain very interested in Portugal", taking into account the "good performance of the economy" and the “response to the covid-19 outbreak”, according to the consultancy Cushman & Wakefield (CW).
For the consultant, the demand from international clients should be the first to retake in terms of activity, "since Portugal will continue to offer the same differentiating factors recognized by foreigners".
The CW also highlights the "quick and effective response from the Government and society" to the pandemic, which "reinforces this good reputation".Taking advantage of this news we would like to share with you the competitive advantages of ourcountry.
Mainland Portugal is geographically located on the west coast of Europe, on the Iberian Peninsula. It borders on the North and East with Spain, on the West and on the South with the Atlantic Ocean, being located in a geostrategic position between Europe, America and Africa
In addition to the Mainland, Portuguese territory also covers the Autonomous Regions of the Azores and Madeira, two archipelagos located in the Atlantic Ocean.
The stability of continental borders, practically unchanged since the 13th century, makes Portugal one of the oldest countries in the world, with almost nine hundred years of history which reflects its marked identity and internal unity.
Location
Portugal has a privileged location, which allows access to relevant markets:
- It is the European country closest to the United States and Canada;
- There is little time difference in relation to São Paulo, in Brazil and in relation to Moscow, in Russia;
- It has the same time zone as the United Kingdom;
- Presents natural conditions to be an Atlantic platform between Europe, the Americas and Africa;
- It has favourable geomorphological and climatic characteristics for tourist practice;
- Diverse natural resources and potential in terms of mineral and other resources.
Technology
Portugal is a top country in the provision of technological services, namely:
- Telecommunications;
- E-Government;
- Electronic payments.
Infrastructure
Portugal is the 15th country in the world with the best infrastructure:
- Quality of roads: 4th in the world;
- Quality of maritime infrastructure;
- Quality of air transport;
- Quality of railway infrastructure.
More market
Portugal is an open door to a market of 500 million people in Europe and more than 250 million Portuguese-speaking consumers:
- Portugal is an EU member state and belongs to the Eurozone;
- Portugal is the 20th best country in the world in the "Contract Execution" category;
- Portugal is the 1st best country in the world in terms of "International Trade";
- Portuguese Speaking Countries: Guinea Bissau / Equatorial Guinea / São Tomé and Príncipe / Angola / Mozambique / East Timor / Cape Verde / Brazil
Talent
Portugal has an available, flexible, dedicated and productive workforce, with a high level of education in business-oriented areas.
Skills
Foreign languages, mathematics, management and science are some of the areas where the Portuguese show above average skills:
- Foreign languages - 61% of Portuguese speak at least one foreign language;
- Learning English is mandatory from primary school; 78% of students learn 2 or more foreign languages (65% in the EU-28, 53% in France and 42% in Spain);
- Mathematics - performance in mathematics above the OECD average;
- Portugal in on the best 20 countries in the world in terms of "Quality of Management Schools",
"Availability of Scientists and Engineers" and "Quality of Scientific Research Institutions".
Companies
Examples of some successful companies that choose Portugal to invest, among others:
- Volkswagen
- Continental
- Embraer
- Xerox
- Huawei
- Microsoft
- Hikma
- Nestlé
- Renault
- Bosch
Quality of life
Portugal is a good country to invest, live and enjoy. It is safe, has a pleasant climate, unique environment, good cultural and leisure facilities and high-quality health care, among other aspects:
- Portugal occupies one of the first places in the Travel & Tourism Competitiveness Report in terms of the number of tourists;
- Considered the best European country to visit;
- Lisbon is considered the 2nd best city to invest;
- Average temperature at 12:00: 25ºC (summer) and 16ºC (winter);
- The Algarve, in the south of the country, is the best place in the world to enjoy retirement.
Courtesy: Martínez-Echevarría & Ferreira- Law Firm