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Portugal aims to be Most Startup Friendly Country in Europe

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António Costa
Portugal aims to be Most Startup Friendly Country in Europe

Government aims to make country Most Startup Friendly Country in Europe – PM

Portugal’s prime minister, António Costa, said on Tuesday that his government aims to make Portugal the Most Startup Friendly Country in Europe, more “welcoming and friendly” to entrepreneurship, stressing the importance of startups to the economy and also to the creation of jobs of a higher quality for more qualified people.

“It is not up to the state to substitute entrepreneurs,” Costa said at an event in Lisbon on startups adding that there was however a desire on the part of the government to foster better conditions for business.

He recalled his own experience as mayor of Lisbon in acknowledging the problems that exist and what constitute obstacles to the development of startups.

“As to the rest it is simple: you just have to do what you’ve been doing until now, I hope with better conditions, and that we can thus expand still further the ever greater weight of innovative companies as a condition for our having a more diversified business sector,” Costa told his listeners at the Lisbon Investment Summit.

The aim, the prime minister said, is to make Portugal the Most Startup Friendly Country in Europe, welcoming and entrepreneur friendly.

Among the areas he touched on in his speech were the provision of an “ecosystem” to foster startups, improving access to finance and working harder on internationalising local businesses.”

Portugal aims to create “a great network of incubators” for business he said.

Other measures include easing access to visas for investors, simplifying companies’ relations with the tax office and better conditions for business creation.

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