[3] He also served as Secretary of State of the Treasury and Finances from 2002 to 2003, in José Manuel Barroso's short-lived government prior to becoming president of the EU Commission.

He was the President and CEO of AICEP Portugal Global, the Portuguese Government's Trade & Investment Agency, from 2014 to 2017.

[8][9] He returned to the Portuguese Parliament, where he was President of the Parliamentary Commission for Public Works, Transport, and Communications between March 2005 and October 2008.

Frasquilho was also part of the Commission for Corporate Income Tax Reform, which took place between January and July 2013.

[10] Frasquilho has served as Chairman of the Board of João Mata, Lda, a Portuguese multinational insurance consultancy and brokerage, since 2017.