The Portuguese Republic is a transcontinental country member of the European Union. It is located in the southwest of Europe, in the Iberian peninsula. It limits to the east and the north with Spain, and to the south and west with the Atlantic ocean. It also includes the autonomous regions of the archipelagos of the Azores and Madeira located in the northern hemisphere of the Atlantic Ocean. Portugal is populated by over 10 million inhabitants. Its capital and most populated city is Lisbon. Its official language is Portuguese. Its official currency is the Euro (EUR). The country is classified as the 19th with better quality of life and has one of the best healthcare systems worldwide.
Its economy is mainly based on services and industry. Regarding the primary sector, its main crops are olive groves, vineyards, wheat, corn. It is a large producer of wine, fruit (orange, pear rock and cherry) and to a lesser extent sweet beets, sunflower oil and tobacco. The species most captured by the Portuguese fleets are sardines, mackerel, octopus, swordfish, breastplate and tuna. Portugal is the top cork producer worldwide. The most significant minerals in Portugal are copper, lithium, tungsten, tin, uranium, feldspar, salt, talc and marble.
The largest industrial products correspond to tractors, electrical appliances and materials, mineral fuels and oils, mechanical machines and appliances, plastic materials and their manufactures, paper and cardboard and knitted garments, among others.
Services are its largest economy sector. Trade, education and health are among the most important subsectors. Tourism also plays an important role as it is one of the top twenty countries with more visitors per year.
Portugal offers several Residency programs for investors and retirees, where it is possible to get a tax free residency. At Flag Theory, we are committed to offer the best internationalization options to increase your freedom, privacy and wealth. Below, you will find further information on why and how to get residency and citizenship in Portugal, set up a company, investment opportunities and banking options in this European country.