The Portuguese Justice minister Alberto Costa announced that the Internet is fast becoming the preferred method for Portuguese businessmen to create new businesses.
A year and half ago, a program called “Empresa na Hora” (Create your company in one hour) was launched to speed up the process of creating a business from scratch. The Internet has played a big part in this program, allowing for faster end results and less red tape along the way.
Costa said in fact that there is presently a 40% monthly growth in people using the Internet to create their businesses. In about a year, more than 200 companies have been created on line, without any paperwork.
When it comes to getting a trademark registered, the Portuguese also use the Internet for speedier processing. Costa revealed that 59% of trademark requests are now made on line.