Lisbon’s hosting of the web summit in November last year saw thousands of entrepreneurs, investors and specialists come together in the Portuguese capital, the most visible sign of the country’s developed technology sector.
While the food, weather, beaches and architectural magnificence have seen Portugal emerge as one of Europe’s newest tourist destinations, start-ups are also beating a path to Europe’s westernmost country. Lisbon has now climbed to fourth in a global list of the best places to start a new business leaving a list of competitors that includes San Francisco and London in its dust. In fact, a report from Start-up Europe Partnership found Portugal’s start-up ecosystem is now mounting as fast as the European average. A key driver is the record number of foreign companies using Portugal as a more expedient and affordable way to assemble their digital platforms. The quality and cost of our tech services continues to draw these companies for specific projects, with increasing numbers returning to establish their tech hub here. Competitive development prices mean a junior developer (i.e. someone with three years of experience) earns an average of $22,549 in Portugal — those with seven years under their belt are likely to earn twice that amount. However, using an equally skilled software developer from Germany or Sweden is two-and-a-half times costlier.
If choose to use top tier agencies those that work purely with highly skilled developers such as PhD graduates and Open Source contributors the charge will be around €80 per hour in Lisbon. In Switzerland, it will be likely to pay around €300 per hour.