In an increasingly competitive global landscape, Portugal is emerging as an attractive destination for international companies and startups. The country's innovative "one stop shop" approach, offering comprehensive services to facilitate business entry and growth, aligns perfectly with the recommendations of "The Future of European Competitiveness" study, which emphasizes the need for innovative practices to foster investment and business growth in Europe.

This "one stop shop" concept extends far beyond simplifying bureaucracy. It encompasses a complete package of services, including legal, accounting, and tax support, strategic partnerships, and access to talent networks and financing opportunities. Portugal's strategic geographic location, competitive tax benefits, and robust infrastructure further enhance its position as a potential European hub for international businesses.

According to the European competitiveness study, bridging the innovation gap and accelerating market entry for fresh players is crucial for Europe to regain its growth potential. Portugal is well-positioned to play a leading role in this process, leveraging its integrated service model to simplify the establishment of startups and international businesses. This approach allows companies to focus on their core business growth rather than navigating complex bureaucratic processes.

By offering comprehensive support, Portugal significantly reduces the barriers many companies face when entering a new market. This model has the potential to create a positive feedback loop: as more international companies successfully establish and thrive in Portugal, the country's reputation as a business destination will strengthen, attracting even more investment and global talent.

Portugal already boasts several advantages that make it an attractive destination for international businesses. The country has made significant strides in digital infrastructure and connectivity, offering a high quality of life and relatively low operational costs. The European competitiveness study emphasizes that support for technological development will be crucial for economic recovery in an era of digital transformation. Portugal is well-placed to capitalize on these opportunities, particularly in sectors such as artificial intelligence and automation, by attracting innovative companies in these fields.

The "one stop shop" model is not just a matter of convenience: it is a core strategy for Portugal's economic future. As Europe faces significant challenges in innovation, productivity, and growth, Portugal's initiative-taking and integrated approach positions it to become a leading destination for international companies. By doing so, Portugal will not only enhance its own competitiveness but also contribute to the growth of the European economy.

With specialized business networks and resolute players across its value chain, Portugal is ready to provide the solutions international companies need to succeed. This comprehensive approach, combined with the country's strategic advantages, makes Portugal an increasingly attractive option for businesses looking to establish or expand their presence in Europe.

As Portugal continues to refine and promote its "one stop shop" model, it has the potential to become a key player in Europe's economic recovery and future growth, offering a streamlined path for international businesses to thrive in the European market.

Author

Paulo Lopes is a multi-talent Portuguese citizen who made his Master of Economics in Switzerland and studied law at Lusófona in Lisbon - CEO of Casaiberia in Lisbon and Algarve.

Paulo Lopes