There are 1 Companies in Portugal
that provide Audit Services!

Portugal is a country that has been strongly hit by the 2008 crisis, which in 2012 had an economy contracted by 3.2% and unemployment of 18% during the crisis. But the Portuguese country has managed to turn the situation around, and today its economy is growing at a rate of 2.5%, despite the emigration of 500,000 students during the crisis. Today 60% of them have returned to the country due to the renewed and strengthened Portuguese economy.

Some of the characteristics of this country at the moment are that it has a low cost of living and at the same time a high quality of it, being the fourth cheapest capital in Europe and the cheapest in western Europe. Some very notable characteristics are its good climate, its culture, and the cultural wealth of this country. After having briefly reviewed the characteristics of this southwestern European country, we are going to analyze more technical issues related to the outsourcing of services from this country. We will also analyze other political, legislative, and cultural aspects to take into account when we think about doing business with this neighboring country of the European Union.

Why Should Someone Work With Companies in Portugal?

The first reason to consider working with a company in Portugal, as is almost always when we talk about outsourcing services, is the cost and aspects related to the production process of the product or service.

The average salary in Portugal in 2025 is €1,540 -  €1,777 divided into 12 monthly payments, while the minimum wage is only €870. This is a great competitive advantage for the country to carry out outsourcing business. The salary of a Portuguese software developer is approximately 2 and 2.5 times cheaper if we relate the price to the salaries of these same professionals from Germany or Sweden. In those cases where you are looking for professionals with a Doctorate (Ph.D.) level of studies, the salary would be around €80 per hour, while in countries like Switzerland, it reaches €300 for a single hour.

Another issue to consider is that the square meter of an office in Lisbon stands at €222 per year. Comparing it with other prices, such as those in Berlin, for example, this would leave us with a price of € 360 per square meter per year or € 670 in Stockholm, Sweden. The above data also favors the ROI for our business, working with Portuguese companies. Do not forget that Portugal is a country of the European Union, so it is governed by the same laws and international trade agreements within Europe as any other country attached to the EU.

In addition, to conclude this section, we will talk about the 100,000 graduates provided by Portuguese universities, with more than half of these graduates in some type of engineering, mathematics, or some related discipline. In this country, there are brands such as Mercedes or Google, specifically the latter in the city of Lisbon.

What Do You Have to Watch Out for When Working With Companies in Portugal?

Portugal is a generally safe country and so are its companies, locally, there are only two factors that are not appropriate if you are going to do business with the Portuguese country, one is the problem with corruption and bribery, and the other is the increase in crime in the last 3 years, although as we discussed earlier, Portugal is generally a safe country to do business.

You have to be attentive to factors such as what is the quality standard, cultural and time factors, which can become especially important factors when working with IT companies in Portugal. For cultural reasons, it is advisable to clarify the deadlines rigorously, since in this country, due to its own culture, some terms such as "Tomorrow" or "Next week" are not always literally exact, but rather relative. It is advisable to establish standards to measure the performance of the process of creating a project as well, since, in Portugal, the style and the casual, informal, and close culture prevail more. This does not mean that your projects will not be completed within the agreed deadline, but the correct dates must be made clear since the culture of central Europe and that of the southern part of Europe may differ slightly in some aspects. Like these.

It is important to note that in the past, Portugal has been sensitive to economic recessions, being greatly affected, unlike other countries such as Poland, which can be an important factor to value.

How Reliable Are the Companies in Portugal?

Portuguese IT companies are generally as reliable as those of any neighboring country since luckily, this country is within the European Union and therefore shares European treaties with the rest of the countries that make up the union, in addition to having to be accountable to European institutions like other countries, this is an extra guarantee for doing business in the IT sector since unlike other leading countries in outsourcing software services that are not within the European Union This does guarantee certain aspects when trying to draw up outsourcing agreements in Portugal.

Due to this as a major factor and the absence of data that indicate otherwise, we can think that we can carry out IT projects in this country, as we abide by the same European standards as the rest, although as in all cases, there are companies whose objective is not to do business in which both parties win, to scam, something that should not be alarmed, since this occurs in all countries to a greater or lesser extent, to avoid these events, we will follow the rules that we have gathered previously and are suitable for any country.

We will only have to identify those companies that have validated experience and already work with other reference centers, to avoid possible bad practices and ensure that we can make the most of outsourcing services or products in Portugal, but without running the risk of fraud. Or a scam at a high level.

How is the IT Industry in Portugal Compared to Other Nearby Countries?

The first difference between Portugal with other neighboring countries, such as Spain, France, or Italy, is the salary, since in Portugal it is considerably lower than in Spain and Italy, and much lower than in France. When our goal is the economic benefit and we look to other countries for outsourcing services, this aspect should be highlighted as the most important.

On the other hand, Spain has one of the most important ICT markets in Europe, a sector that employs around 500,000 people and represents 3.3% of GDP in 2025, according to research from CaixaBank. In this country, there are more than 34,000 companies related to the IT sector. For example, some of them are Telefónica, Indra, Panda Security, Abertis, or Amadeus.

From another point of view, Portugal has 13,319 companies in the sector, employing 98,221 people, and with an annual growth of 5.3%, but 23.4% in the export of IT-related products or services. It also has a predominant startup ecosystem, but some of the most important points are the following:

• The fifth country with the highest number of PhDs in Science and Technology per 1000 inhabitants.
• TOP universities that have relationships with other very important institutions, such as MIT, the University of Texas, or Fraunhofer.
• Startup incubators: Second home, Canopy, Bela-I, Startup Lisboa, IPN ...
• The IT Outsourcing market in Portugal is predicted to be worth $1.2 billion in 2025 with a CAGR of 6.09% from 2025 - 2030, underlining the increased demand for IT Outsourcing in Portugal.

Conclusion

Portugal is one of the best destinations to carry out the outsourcing of services in Europe, since on the one hand, it has accession to the European Union, which facilitates the realization of business and commercial agreements, and also adds the guarantee provided by being a member of this group of countries.

On the other hand, its low costs and high standard of living make this southwestern European country a destination with a balance between reliability, prices, and trust, difficult to match within the continent, which allows better profitability, greater capacity. Investment and lower production costs.

In addition, to conclude, Portugal has a system that provides students with the necessary skills to train in the field of information technology, with important universities such as Aveiro and its relationships with other educational centers, such as MIT or the University of Texas, which provide qualified professionals at low cost and a high level of training. As a last note, we should say that it is advisable to take the necessary precautions when conducting business with companies in the Portuguese country since trust is high, but inconveniences can always occur, which, when working with companies with a long history and verifiable experience, we can reduce.

How the IT Industry in Portugal Will Evolve in 2025:

Compared to 2021 and years before, Portugal invests big time in startups starting in 2022. According to Euractiv, Portugal officials led by Economy Minister Pedro Siza Vieira announced the launch of the Europe Startup Nations Alliance (ENSA) that covers 26 European states and is meant to facilitate and support startups in each of the member countries. The program is even more ambitious since the Government invests €250 million in the Portuguese startup tech scene. 

The IT industry of Portugal in 2025 is performing well, powered by a skilled workforce, an advanced framework, and a developing startup ecosystem and innovation hubs in Lisbon and Porto.

Overall, Portugal has all the chances to become a leading European tech hub, or at least an emerging one in 2025, due to the announced Government support and qualified tech professionals.

Audit services are offered by companies that help check and review financial information and processes of other businesses. Think of them as financial detectives who make sure everything is accurate and follows the rules.

These companies help businesses by making sure their money matters are in order. They examine financial records, transactions, and systems to find any mistakes, fraud, or areas that could be improved. They're like a safety net, ensuring that everything is honest and transparent.

Audit service providers can help businesses in different situations. For example, when a company wants to show its financial health to potential investors, these providers can give an unbiased report. They can also help find ways to manage money better, making sure that money isn't wasted and is used wisely.

What makes Audit services special is that they are focused on accuracy and compliance. They're not just about fixing problems, but also about preventing them in the first place. They follow strict rules and guidelines to make sure businesses are on the right track financially.

Audit service providers use tools and technologies to make their work precise and efficient. They often work with software that helps analyze large amounts of financial data quickly. They might specialize in specific industries, like healthcare or finance, where they understand the unique financial challenges and rules.

In simple words, companies providing Audit services are like financial detectives who help businesses with money matters. They ensure that everything is accurate and honest, helping companies manage money better. They're different because they focus on accuracy and compliance, and they use tools to analyze financial data. They specialize in specific industries to offer the best guidance.

It’s important that your choice for Audit companies relies on factual information, as generally speaking, Audit companies may need to be granted access to confidential information such as your business revenue, costs and expenses, investments and other financial or non-financial information depending on the audit type you need.

On this note, we highly recommend to analyze the company profile data, and pay special attention to the following information: 

• Portfolio and previous companies

• Years of experience

• Team size and team members

• Reviews from real customers

A good audit company will deliver what you requested in efficient time and manner, and provide the entire support all the way through. So make sure you agree with them these terms in your contract. 

At the same time, an NDA (non-disclosure agreement) is extremely important when working with an audit company. It’s essential to prevent data leaks from your company and protect the information you own from getting to competitors. 

With this said, we invite you to discover our verified and trusted vendors providing audit services.