date:Dec 26, 2012
ing on, the Briton said.
The company opened the first gym in Lisbon in Oct. 2011, and now has four working clubs with 15,000 clients, including in Porto, with 2012 revenues at 3.2 million euros. It plans to reach 20 gyms in Portugal and expand to Brazil.
Is doing business in Portugal very painful? Not really.
Bureaucracy here is challenging, especially in terms of licensing needed to get things moving at a reasonable speed, but when you get some momentum, it's like most countries, he said.
P