In recent years, Portugal has emerged as one of the top European destinations for American citizens. According to the Portuguese Immigration and Borders Service (SEF), the number of U.S. residents in Portugal has grown over 300% since 2018, reaching more than 11,000 Americans officially residing in the country by the end of 2024. This trend reflects not only lifestyle preferences, but also Portugal’s strategic location, economic stability, safety, and attractive investment and visa frameworks.

AmCham Portugal plays a key role. Whether you are an entrepreneur, remote worker, investor, or executive relocating with your family, AmCham Portugal is here to help you thrive in Portugal. Our mission is to foster transatlantic cooperation.

Through dedicated webinars, informative or networking events, AmCham Portugal aims to guide Americans through the opportunities and challenges of investing in Portugal. From understanding the legal framework and tax considerations, to connecting with trusted service providers and government stakeholders, AmCham Portugal is a reliable partner on the ground.

Let AmCham Portugal be your bridge to Europe.

Credits: Supplied Image; Author: Client;

The New European Destination for American Talent

The American community in Portugal has more than tripled since 2019.
Portugal has evolved from being just a tourist destination to becoming a true magnet for American professionals, digital nomads, and entrepreneurs. With a highly skilled, English-proficient workforce, strong technical expertise, advanced digital connectivity, excellent direct flight connections, safety, outstanding quality of life, and a mild climate, the country is now a strategic choice for those seeking to live and work abroad without compromising on comfort and stability.

Ease of integration, a cost of living that remains competitive compared to other European capitals, and a growing number of international companies establishing operations in Lisbon and Porto make Portugal an ideal base for both families and business ventures.

Indicator

Value / Trend

Growth of American residents in Portugal (2019–2024)

+239%

Main cities of choice

Lisbon, Cascais, Porto, Lagos

Sectors with highest American investment

Technology, Energy, Tourism, Healthcare

Startups founded by foreign entrepreneurs in Lisbon (2024)

+35%

Portugal’s position in the “Ease of Doing Business – Western Europe” ranking (2024)

#4

Sources: SEF, Startup Portugal, AICEP, World Bank 2024.

"Portugal combines the European lifestyle with a globally competitive business environment." – AmCham Portugal

Credits: Supplied Image; Author: Client;

Why Are American Startups Setting Up in Portugal?
Portugal has emerged as one of Europe’s most dynamic startup ecosystems. With operational costs significantly lower than in cities like New York or San Francisco, alongside a highly qualified, bilingual talent pool, the country is increasingly attracting technology and innovation companies.

Lisbon and Porto are now vibrant hubs, offering privileged access to the European market and fostering a thriving entrepreneurial culture. Public initiatives such as Startup Portugal, the Unicorn Factory, and a robust network of incubators facilitate the entry of foreign companies.

Key Advantages:

  • Operational costs up to 60% lower than major U.S. cities
  • Highly skilled tech talent fluent in English
  • Streamlined access to the European market
  • Modern office spaces and affordable coworking solutions
  • Institutional support and incentive programs for international companies

Credits: Supplied Image; Author: Client;