I have had my eye on Portugal for a number of years, but there are a few things that seem less than ideal.
* Cost of living for a good quality of life still being relatively high or rising, especially in Lisbon and other tourist/expat areas. And a second tier city in Portugal is much less of a clear choice since that is comparable to a lot more places.
* The tax system being very complicated. One can always argue about how much tax to pay, but few people want a complicated tax system, especially not as a foreigner. (And is usually an indication that other systems are complicated as well).
* The tech scene not really happening. Despite the usual "next Silicon Valley" it doesn't really stand out from anywhere else as far as I can tell.
There might certainly be things I don't see, but at least initially it doesn't seem like Portugal rise above the competition to the extent that you wouldn't have to consider quite a few other options.
I don't understand the comment about the tax system. Which taxes are you talking about?
As I've said in another comment, IRS is literally filling out an online app for 5 minutes - and all relevant entries are already pre-filled. It's very easy and simple.
As for companies, my girlfriend works at a company run by two Germans and they basically hire an accountant to do the paperwork every year. It's pretty cheap. For a larger company, you'd have to hire a local to do the accounting, though.
Maybe I'm missing something because I don't run my own company, bear in mind that hiring freelancers is cheap here.
Freelancing, starting companies and the NHR scheme (which is sort of an exception but still) seems to have a lot of deductions, conditions and exceptions that require more guidance than some other countries. Maybe this is something one adapts to, but it still seems like an initial hurdle for foreigners.
Spain offers you a mixture of international cities, and technology hubs. There will never be another "Silicon Valley", but as an alternative where you can find stimulating and rewarding work, I'd argue it's better than Portugal.
For work we find the technology community more diverse and deeper. Also for internationals choosing to move to somewhere attractive Spain offers a great balance of lifestyle and work. I would argue Lisbon is sort of the exception in Portugal; and even then it is a bit limited with no real domestic scene more people seeking low cost or nearshoring.
We were considering moving the company to Spain after Brexit but the reputation of the Spanish tax office as extremely bureaucratic and unfair is a huge deterrent.
Purportedly they can fine you tens of thousands of euros for tiny honest mistakes even if you don't owe one cent of tax (Modelo 720).
I prefer Portuguese people since I speak Portuguese and Portuguese are much more welcoming and friendly. This could change with overtourism which also makes Lisbon comparably expensive. Spain is more diverse and still has cheap big cities. Cheaper than Lisbon.
The tech scene in Lisbon and Porto IS happening - just take a look at companies like Farfetch, Outsystems, Talkdesk, Feedzai, Unbabel and many other smaller startups w/their HQ based in Portugal. I myself work at a Porto based startup (Bottlebooks) w/American and Slovak founders. Portugal has everything going for it to be the California of Europe - highly educated (and english speaking) youth and a will to conquer the world. We welcome any foreigner willing to work hard and contribute to a creating a great place to live :)
Unlikely. And Silicon Valley is not about guys with laptops creating some websites. It is all about high tech, top universities, supply chains and synergy effects. You may be able to to a technology heavy start-up in the UK, Germany, China, Japan, Korea but in Portugal this is difficult. You lack the industrial supply chain of customized high tech products. Just working on your laptop you can also do in Kenya (which actually is quite innovative in IT).
You left out the most important reason most “next SV” will have a hard time getting there: VC money.
Maybe Lisbon can be a different kind of tech hub, not necessarily a copy/version of SV.
Go away troll - Portugal has been growing strong in terms of its people's education and consequent modernisation for the last 20 years and there's nothing you can do about it, so if you've got nothing useful to say: get out of the way and let the Portuguese people show the world how a great country is re-built from the destruction created by more than 50 years of fascist dictatorship.
I am not trolling. I love portugal. But it is not a tech hub and I don't see it being one. IT? Maybe. But for high-tech you need the supply chains. If I call a random B2B supplier and ask "Can you do X?" they often answer: "X? we can do better!" And this is where opportunities open.
Portugal is a nice place. Nice people. But too little high tech, too much debt, demography problems etc.
" destruction created by more than 50 years of fascist dictatorship." Not aware how much damage this created. The Portuguese empire was not important before the dictatorship anymore, so not sure how much time you really lost.
But PT has many good things. I wish RE was cheaper in Lisbon and I would buy immediately.
* Cost of living for a good quality of life still being relatively high or rising, especially in Lisbon and other tourist/expat areas. And a second tier city in Portugal is much less of a clear choice since that is comparable to a lot more places.
* The tax system being very complicated. One can always argue about how much tax to pay, but few people want a complicated tax system, especially not as a foreigner. (And is usually an indication that other systems are complicated as well).
* The tech scene not really happening. Despite the usual "next Silicon Valley" it doesn't really stand out from anywhere else as far as I can tell.
There might certainly be things I don't see, but at least initially it doesn't seem like Portugal rise above the competition to the extent that you wouldn't have to consider quite a few other options.