Portugal has easily established its importance on the world map through its picturesque sights, delicious food, and fantastic tourism. However, the country recently added another claim to fame: Europe’s new Silicon Valley.
This especially holds true for the city of Lisbon.
With its continued expansion in the tech space, the city has provided its residents and outside investors with a wealth of opportunities. These opportunities have caught the eye of many ventures from neighboring European territories as well as far-off American countries, encouraging them to tap into this new potential.
If you are currently looking for an opportunity to get the most out of your tech investment, idea, or venture, here is why the new Silicon Valley of Lisbon can be the perfect fit for your present ideas and future endeavors alike.
It Holds Sturdy Local Infrastructure
After winning the title of Europe’s Leading Destination for multiple years, Portugal has easily carved its name as one of the continent’s most exciting places to visit. Lisbon, in particular, has also won numerous awards, including the Best Cruise Destination, due to its magnificent ports.
These beautiful features not only provide business owners with the assurance of comfort upon visiting this new Silicon Valley in Portugal but also ensures that you can be confident in the local infrastructure, such as travel and internet.
There is Little to No Language Barrier
Despite Portuguese being the country’s national language, Portugal also teaches English in its schools. This has led to over one-third of the population speaking fluent English and eradicating the language barrier in metropolitan areas such as Lisbon.
In turn, whether hiring remote dedicated teams or looking for in-person staff, you can always find multilingual professionals. This ensures that you can swiftly discover the right workforce with ideal communication.
The Low Cost of Living Adds to Everyone’s Comfort
In spite of having modern infrastructure and excellent amenities, Portugal is one of the cheapest places to live in Western Europe. This is especially true when you compare it to the original Silicon Valley, which is one of the most expensive places to live in the U.S.
This allows you to source talent at comparatively low prices while also being fair to your employees. Furthermore, seeing that Portugal visas are easy to obtain due to no diplomatic issues in the country, you can live comfortably without breaking the bank if you or your employees move to the country.
You Can Find Fairly Cheap Office Spaces
The cost-of-living factor also makes its presence known when setting up your office space in the heart of Lisbon. Compared to territories such as the U.S., Silicon Valley Portugal offers affordable commercial real estate.
Even if you don’t want to set up your own office and plan to hire remote custom software development teams, this accessibility to real estate lowers your costs altogether. This ensures that you can find reliable experts without paying a small fortune.
Smaller Investments Go a Long Way
When you consider the overall expenses of setting up a tech office in Lisbon or hiring remote talent from the location, the cost difference between the Silicon Valley of Portugal and the one in the U.S. becomes clear as day.
This ensures that you can start, boost, or scale your venture with the level of professional talent that you require. At the same time, you don’t have to pay an arm and a leg to achieve these staffing goals.
Contact Distillery Today for Your Tech Staffing Requirements
At Distillery, we ensure you can obtain the right fit of employees and tech solutions without running into sky-high costs. To see how our solutions can help, don’t hesitate to contact us for a consultation today.