In recent years, Portugal has established itself as one of the most promising destinations for startups , both due to the attractiveness of its economic and social environment and the existence of a robust ecosystem that supports entrepreneurs at different stages of their business. Various incentives, ranging from tax benefits to internationalization programs, make the country a strategic location for the launch and growth of new companies.
Known for combining a competitive cost of living with a high quality of life, these characteristics have attracted entrepreneurs from all over the world. In addition, the country benefits from a transforming economy, public policies favorable to entrepreneurship and a growing network of incubators, accelerators and investors. These factors , combined with security and political stability, create a fertile environment for the emergence and growth of innovative businesses.
Additionally, Portugal’s strategic location in Europe, with direct connections to markets such as Latin America and Africa, positions it as an entry point to the global market. Events such as the Web Summit , held annually in Lisbon, reinforce the country as a hub of innovation and entrepreneurship, where startups can find growth opportunities, strategic partnerships and global visibility.
How do tax incentives for startups work in Portugal?
One of the main advantages for startups in Portugal is the tax incentives that help reduce operating costs and stimulate growth. The Investment Support Tax Regime (RFAI) allows companies to deduct up to 25% of the amount invested in assets such as equipment and technology, and is a valuable tool for early-stage businesses that need capital to structure their operations.
SIFIDE (System of Tax Incentives for Research and Development) is another important measure, especially for innovative startups . By offering tax deductions of up to 82.5% of R&D expenses, it encourages companies to invest in disruptive solutions, strengthening competitiveness in the global market.
In addition, there are specific incentives for startups located in low-density regions, with additional tax benefits that promote decentralization and regional development. These measures allow not only the creation of jobs, but also the strengthening of local economies, transforming rural areas into innovation hubs.
Where can startups find funding?
Launching and growing a startup requires access to capital, and Portugal offers several solutions to meet this need. Among the most relevant options are European funds, such as the Portugal 2030 program, which focuses on supporting sustainability and innovation projects . These funds provide credit lines and grants that help startups overcome the initial financial challenges, often considered the most difficult.
Another notable programme is Horizon Europe, which funds technological initiatives with a global impact, focusing on areas such as digitalisation, renewable energy and healthcare. Startups that fit into European strategic objectives have a unique opportunity to obtain resources for large-scale projects .
In addition, startups can access networks of private investors, business angels and venture capitalists operating in Portugal. This private financing ecosystem is strengthened by incubators and accelerators, which often facilitate access to investors, helping startups structure their value propositions and raise the necessary resources.
What support is available for training and hiring teams?
Portugal disponibiliza incentivos que facilitam a formação e contratação de equipas. As Medidas Ativas de Emprego, por exemplo, oferecem apoios financeiros para a criação de novos postos de trabalho, focando-se especialmente na inserção de jovens no mercado laboral. Estes programas não só ajudam a reduzir os custos salariais, mas também promovem a integração de profissionais qualificados no tecido empresarial.
Training vouchers are another valuable resource, allowing startups to invest in technical and strategic training for their employees. This type of support is essential for companies that want to keep up with technological changes and remain competitive in a global market. In addition, employee reskilling programs help startups attract talent in critical areas such as information technology and sustainability.
What are the opportunities for internationalizing a startup ?
Expanding into international markets is the goal of many startups , and Portugal offers specific support to facilitate this process. The Internationalization Voucher covers costs related to market research, participation in international fairs and other activities related to entering new markets, allowing startups to test the potential of their products or services abroad with less financial risk.
AICEP (Portuguese Agency for Investment and Foreign Trade) also plays an important role by offering consultancy and logistical support. Through soft landing programs , startups can reduce the risks associated with internationalization, ensuring a smoother transition to new markets.
Furthermore, Portugal is an excellent platform for startups looking to expand into Portuguese-speaking markets such as Brazil, Angola and Mozambique. Historical and cultural ties facilitate partnerships and create unique opportunities for companies looking to explore these growing regions.
Portugal stands out not only for the incentives available, but also for its environment that is conducive to entrepreneurship. The combination of public policies that promote innovation, a changing economy and access to qualified talent position the country as a strategic choice for startups .
