A city for talentLAND
Porto is a good place to live, work and enjoy a unique quality of life. Safe, sunny, with a rich culture and heritage resulting from nine centuries of history, and with a high quality of health services, international schools and excellent flight connectivity to all over the world, Porto offers many benefits for expatriates. Portugal is a country open to foreign cultures and Porto is known for its capacity to welcome, integrate and make anyone feel at home.
In Porto you will find all you need to ensure business as usual in a welcoming atmosphere, with an excellent climate and a vibrant culture, along with a booming tech-driven economy and a stimulating R&D environment. Porto offers unique living conditions for you and your family, from excellent housing, international education and hospitality conditions throughout the city. There are 66,720 foreign residents and 11,769 international students in the Porto Area. These numbers are growing every day, with the city attracting more and more residents from all over the world, due to the city’s natural beauty, cosmopolitan environment and open-minded atmosphere.
Portugal has become a top destination for foreign investments in recent years. According to EY’s Attractiveness Survey 2017, the number of direct foreign investment projects in Portugal grew by around 26% in 2016. 32% of investors inquired expect to expand or establish operations in Portugal in 2017. The country’s outlook for investment is even more attractive (an increase of 15% from 2016). During recent years, Porto has also seen a big boom in foreign investment. There are currently 301 foreign multinational companies in Porto and 872 in the Porto Metropolitan Area. InvestPorto was created in 2015 by Porto Municipality to support investment attraction. In two years, InvestPorto has already supported 154 investment projects in the city, 75 of which are international, representing more than 400 million euros of investment and over 11,000 jobs. Many of these investments are in ICT, Nearshore and Shared Services, agrifood, real estate, tourism, health, biotech, among others.
Numerous international corporations have chosen Porto to set up their operations: shared service centres of Adidas, Siemens, Bosch, Infineon, Linde, Wipro and HB Fuller; insurance service centre of BNP Paribas Cardif; the recent engineering centre of Vestas; IT centres of Euronext, Natixis and IBM; research and technology centre of Microsoft; operation centre of Farfetch; among others.
In the last decade, Porto has also seen a remarkable development in its entrepreneurship ecosystem, being a dynamic birthplace of many startups. In 2015, 1722 new companies were established in the city of Porto. This represented a growth rate of 30% from 2012. Porto is the leading city in Portugal in the creation of technological startups, accounting for 36% of national total. As one of the major urban areas in Southern Europe, Porto stands out as a city with strong potential to become a national and international reference in the domains of innovation and entrepreneurship. With more than one hundred years of existence, the University of Porto is an important centre of research and scientific production. The connection between this knowledge, a strong entrepreneurial community, private and public partners and the support of the Municipality, makes the city a vibrant and competitive hub. This flourishing ecosystem, together with the hosting in Portugal of the Web Summit in 2017 and 2018, following the successful 2016 edition, will contribute to a growing number of international job offers and new business opportunities throughout the country, including Porto, which will support the access of staff members’ families to a qualified and innovative labour market.