5 Unique Business Ideas to Explore in Portugal
Portugal, the Iberian Peninsula country that is famously known for its rich culture, history, food, and wine has become a popular tourism destination in recent years. However, it is not only tourism that drives Portugal’s economy; it is also an exciting place to start a business. The country has an attractive tax framework, a growing economy, and a booming startup scene.
If you are interested in starting a business in Portugal but are struggling to come up with unique business ideas, here are five businesses that you can consider exploring.
1. Cork Products Business
Portugal is the world’s largest producer of cork, accounting for 50% of the total cork production globally. As a result, cork-based businesses are prevalent in Portugal. Starting a cork products business that produces items such as coasters, wine stoppers, and bags made from cork could be a great idea. These products are trendy and eco-friendly, making them an excellent option for those who want to buy sustainable products.
2. Surf and Beach Tourism Business
Portugal has some of the best beaches and surf spots in Europe, making it a must-visit for beach lovers and surfers. Starting a business that offers surf packages or beach tours could be a profitable venture. With the increase in popularity of sustainable and eco-friendly tourism, including environmentally conscious activities like surfing lessons or beach yoga sessions could add a unique aspect to this business.
3. Digital Marketing Agency
With the Portuguese government encouraging foreign investment, Portugal is increasingly becoming a hub for startups, driving the need for digital marketing services. A digital marketing agency that specializes in providing services to foreign startups and businesses looking to establish a presence in Portugal could be a lucrative business idea. Offering services such as website design and development, social media management, and search engine optimization could be significant areas of focus.
4. Transportation Service Business
Portugal has a well-functioning tourism sector, which means there is always a need for reliable transportation services. Starting a rideshare business or car rental service could be a profitable venture. Transportation services could also cater to providing transportation to events, such as weddings and other celebrations.
5. Artisanal Food and Beverage Business
Portugal has a rich culinary culture, and its food and wine have been recognized globally. Starting a business that produces artisanal and traditional food and beverages could be an exciting venture. Products such as wine, cheese, olive oil, and traditional pastries such as Pastel de Nata could be a focus of this business.
In conclusion, starting a business in Portugal can be an excellent option due to its friendly business environment and attractive tax structure. The above five business ideas are unique, eco-friendly, and have great potential for success. Portugal’s booming startup scene and growing economy make it an ideal location to start a business.