Things are better on the company/bureaucracy front. Not as good as US/UK where you can do everything online, but it is 90% there. As for the tax climate, corporate tax has come down quite a bit (and is quite low compared to rest of Europe) but personal tax is a pain.
I think the main issue with Portugal, startup wise, is the people. We (as a nation) are very risk adverse and scared. There are many logical reasons for that that I won't get into the details here, but on the technical level, our graduates are quite good and salaries/cost of living are low. A typical YC investment on a Portuguese company would probably give them about one year of runway without any further investment.
I think the main issue with Portugal, startup wise, is the people. We (as a nation) are very risk adverse and scared. There are many logical reasons for that that I won't get into the details here, but on the technical level, our graduates are quite good and salaries/cost of living are low. A typical YC investment on a Portuguese company would probably give them about one year of runway without any further investment.