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    Pieter Levels on Portugal's Missed Silicon Valley Opportunity

    Entrepreneur highlights potential of NHR tax incentives for tech founders.

    @L
    1 Source, 27d ago, first seen 27d ago

    TLDR

    Pieter Levels, the Dutch entrepreneur behind Nomad List and Remote OK, stated that Portugal missed a chance to become the Silicon Valley of Europe. According to his post, numerous tech founders from the United States visited the country. They arrived initially as tourists but later explored options to relocate their operations or establish branch offices. Levels pointed to the NHR program as a strong draw for such moves and noted the potential wealth it could generate for the area. His comments reflect on past opportunities tied to attracting international tech talent and businesses through favorable policies.

    Combined views

    282.4K

    1 Source, first seen 27d ago

    Combined views

    282.4K

    1 Source, first seen 27d ago

    2.4K likes
    2.4K likes
    224 comments
    542 saves
    132 reposts

    Sentiment

    Positive——Negative

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    224 comments
    542 saves
    132 reposts

    Sentiment

    Positive——Negative

    Summary

    Not enough discussion yet.

    No sentiment analysis available yet.

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    1 Source

    @levelsio100% accurate Portugal could have been the Silicon Valley of Europe, they had all the tech founders from US visiting ~2020 as tourists, then as potential residents who could move their businesses to Portugal or open branch offices here and apply to the NHR program (which was a great idea) The wealth that would flow into the country and the jobs created would be massive and their GDP could have more than tripled over 10 years Portugal's GDP per capita would have been $100,000/year now, and Portuguese would be rich and high tech But instead Portugal collectively decided they wanted to remain relatively poor and technologically and intellectually behind Portugal's choice is cultural though and completely fits the general spirit in Europe which is fully anti-tech, anti-AI, anti-entrepreneurship, anti-business and anti-progress The biggest fumble in Portugal's history after losing Brazil I think

    1 Source

    @levelsio100% accurate Portugal could have been the Silicon Valley of Europe, they had all the tech founders from US visiting ~2020 as tourists, then as potential residents who could move their businesses to Portugal or open branch offices here and apply to the NHR program (which was a great idea) The wealth that would flow into the country and the jobs created would be massive and their GDP could have more than tripled over 10 years Portugal's GDP per capita would have been $100,000/year now, and Portuguese would be rich and high tech But instead Portugal collectively decided they wanted to remain relatively poor and technologically and intellectually behind Portugal's choice is cultural though and completely fits the general spirit in Europe which is fully anti-tech, anti-AI, anti-entrepreneurship, anti-business and anti-progress The biggest fumble in Portugal's history after losing Brazil I think