The incorporation of new companies in 2018 rose by 4,921 last year, while insolvencies fell by 396, according to Iberinform, a subsidiary of Spain’s Crédito y Caución.
The largest number of startups was in Lisbon district, where 15,829 new companies were set up, 15.6 percent) more than in 2018, followed by Porto, with 8,179 new companies, up 15.1 percent.
Only six districts saw a decrease in the number of new companies set up in 2018, with the largest drop seen in Horta, in the Azores, of 16.2 percent.
As to insolvencies in 2018, Lisbon and Porto were the districts with the highest totals, at 1,555 and 1,400 respectively, marking a 7.6 percent decrease on 2017 in Lisbon and an increase of 5.3 percent in Porto.
The largest increases in insolvency by district were seen in Angra do Heroísmo (up 90 percent from 2017) and Horta (up 60 percent).