Lisbon's booming business scene: 6 reasons to support it

The Lisbon business scene is booming, and it’s quickly becoming one of the best cities to work in Europe. The Portuguese capital has been attracting businesses from all over the world, and it’s easy to see why. With its vibrant culture, excellent quality of life, and favorable business environment, it’s the perfect place for businesses to thrive and grow.

The Lisbon business scene is continuously evolving, and businesses are increasingly recognizing the potential that this city has to offer. Companies are taking advantage of the city’s strategic location, low costs, and the availability of a highly skilled workforce to expand their operations.

Here are five reasons why businesses in Lisbon will continue to grow:

1. Favorable business environment

Lisbon offers a favorable business environment that’s conducive to growth and innovation. The government has implemented several measures to attract foreign investment, including tax incentives, streamlined procedures, and a supportive regulatory framework. This has made it easier for businesses to set up operations in the city, and it’s a significant factor in the city’s growing reputation as a business hub.

2. Highly skilled workforce

Lisbon has a highly skilled workforce that’s both talented and diverse. The city is home to several top-rated universities, and it attracts talented professionals from all over the world. This has created a pool of skilled workers that businesses can tap into, making it easier for them to find the right talent to help them grow.

3. Strategic location

Lisbon’s strategic location makes it an ideal location for businesses looking to expand their operations in Europe, Africa, and the Americas. The city is well connected to major cities across the world, making it easy for businesses to reach out to new markets and clients.

4. Growing market opportunities

The Portuguese economy is experiencing significant growth, and this presents new opportunities for businesses looking to expand their operations. The government has implemented several measures to attract foreign investment and promote entrepreneurship, which has created new business opportunities across several sectors.

5. Strong infrastructure

Lisbon business scene boasts of a strong infrastructure that’s essential for businesses looking to thrive and grow. The city has modern transportation systems, advanced communication networks, and state-of-the-art facilities, making it easy for businesses to operate and compete in a globalized world.

As businesses in Lisbon continue to grow, the city is quickly becoming one of the best places to work in Europe. The combination of a favorable business environment, a highly skilled workforce, strategic location, growing market opportunities, and strong infrastructure, makes Lisbon the perfect location for businesses to thrive and expand.

The growth of companies in Lisbon has also contributed to the growth of the overall market. As businesses continue to thrive, they create new jobs and contribute to the local economy, which, in turn, fuels further growth.

6. Portugal's Economic Growth

In recent years, Portugal has experienced positive economic growth, reflected in its Gross Domestic Product (GDP) and Gross National Product (GNP) figures. According to the World Bank, Portugal’s GDP has been steadily increasing, reaching $248 billion in 2020. The country’s GNP has also seen growth, reaching $245 billion in the same year. In addition, Portugal has been actively engaging in international trade, with exports accounting for a significant portion of its GDP. The country’s main exports include machinery, textiles, and agricultural products, which have helped to drive economic growth and create jobs. Overall, Portugal’s positive economic trends bode well for its future prosperity.

In conclusion, the Lisbon business scene is rapidly evolving, and it’s quickly becoming one of the best places to work in Europe. The city’s favorable business environment, highly skilled workforce, strategic location, growing market opportunities, and strong infrastructure make it an ideal location for businesses to thrive and grow. As businesses continue to grow, they create new jobs, boost the local economy, and contribute to the city’s growing reputation as a business hub.

If you are looking forward to experiencing this boom, come check out our offices in Rua Castilho, in the heart of Lisbon’s business center.