10 Best Countries For Startup Entrepreneurs


#9 Portugal

Procedures necessary to start a business - 5

Days required to start business - 5

 Despite the easy start, most Portuguese citizens aged 18 to 64 do not believe good entrepreneurial opportunities exist in their country. Their concerns may be valid. Between 2005 and 2008, more jobs were lost from companies going out of business than were created by start-ups. Additionally, in both 2007 and 2008, company failures occurred more frequently in Portugal than in any other country.

Since the Carnation Revolution (1974), there have been significant changes in annual economic growth in Portugal. After the turmoil of the 1974 revolution and the PREC period, Portugal has been trying to adapt itself to a changing modern global economy. Since the 1990s, Portugal's economic development model has been slowly changing from one based on public consumption, to one focused on exports, private investment, and development of the high-tech sector. Business services have overtaken more traditional industries such as textiles, clothing, footwear, cork (of which Portugal is the world's leading producer), wood products and beverages.

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