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Competitive Costs

In Portugal it is cheaper to rent and to hire and standard bills are lower than elsewhere in the EU.

Labour costs in Portugal are lower than in most European countries. The minimum wage in 2011 was 565€ per month, with a 14-month base salary per year. The average growth rate for labour costs in the last 4 years was 4% in Portugal and 11% in eastern European countries.

The price of both electricity and gas in Portugal for industrial consumers is below the EU average (at 27):

Portugal is one of the countries with lowest office and industrial space rent prices per sq.m.. For example, Lisbon is the 8th of 53 towns around the world with the lowest industrial space cost. In Oporto, the second biggest city, this cost is further reduced by 25%.