Find out the top reasons why do people move to live in Portugal and see if they apply to you: one of the best destinations in the world.
The world’s press states that Portugal is one of the best destinations:
- The 6th Best Country in the world and the 1st European to live in (overall results in “Expat Insider 2018″ from Internations – a 3 million expatriates network);
- “New Eldorado for the Europeans pensioners” (French newspaper Le Monde);
- One of the best options for “An affordable retirement in picturesque Portugal”(magazine and American site International Living);
- One of the best health systems in the World (English BBC);
- Is One of the world’s safest countries (U.S. Department of State);
- One of the most attractive places in Europe to study abroad (“Topuniversities” of the English Quacquarelli Symonds).
Top reasons to live in Portugal
Portugal is one of the safest countries in the world, which contrasts with the unrest in some areas of the globe:
- The events in North Africa and the Middle East have led many people to “relocate” not only their holidays, but also its investment for Portugal;
- With Brexit, many English citizens and businesses want to remain connected to the European Union and thus are changing its residence and even moving headquarters and investments to other countries, such as Portugal;
- The political and economic instability experienced in Latin American countries originated a stream of immigrants and Portuguese descendants who seeks in Portugal the security and tranquility desired for themselves and their children.
B. Climate, BEACHES and NATURE
Portugal has a great weather, with about 300 days of sunshine per year. Therefore, you can fully enjoy the outdoors in the cities, such as strolling through its gardens, tasting the excellent Portuguese cuisine and wines on splendid restaurant terraces and going to viewpoints of striking beauty.
The stunning river and sea beaches where you can go for a swim or get into adventure watersports, like surfing, bodyboarding, windsurfing, canoeing, among others.
In parks and nature reserves you can enjoy walking trails and the local fauna and flora.
C. HISTORICAL And CULTURAL Heritage
The Portuguese historical and cultural heritage is incredible rich. Portugal, from North to South of Portugal, is home to countless monuments and museums that reflect the rich past and culture. In addition, there are many fairs, parties and festivals on the most diverse themes, which take place from the smallest villages to the big cities. Namely, the music festivals and the historical reenactment, which join thousands of visitors, especially during the Summer.
D. Cost of Living
The cost of live in Portugal is lower than the European average. This can be seen in current daily spending, such as food, transport and education. In such a way that it will not be difficult to see many restaurants full, since lunch or dinner outside is one of the favorite activities of the Portuguese.
E. Health System
According to the World Health Organization, Portugal has one of the best health systems in the world. So important these days!
Portugal has an excellent infrastructure and facilities. For example, the motorway network and the coverage of telecommunications, internet and cash dispenser machines. In addition, it is noteworthy that the traffic is considerable less, compared to other foreign cities.
The Portuguese hospitality is one of the main Portuguese characteristics. People are friendly and willing to help foreigners. Indeed, a good part of the Portuguese speaks English, which facilitates communication. 🙂
H. Incentives to pensioners and Workers
There is the “Tax Regime for Non-Regular Residents“, which is a tax incentive aimed at citizens who change the tax residence to Portugal, such as:
- Beneficiaries of pension schemes (foreigners or Portuguese immigrants) granted abroad, enjoy a total income tax (IRS) exemption, for 10 years;
- Non-resident Professionals Qualified for activities with high added value intellectual or industrial property or know-how (such as engineers, architects, physicians, teachers, lawyers, actors or managers) pay a reduced rate of 20% IRS for 10 years.
I. residence permit for investment
The Residence Permit for Investment, also called the “Golden Visa” has the purpose to attract to Portugal wealthy foreigners. This enable third country nationals (outside of the European Union) to invest in Portugal and, therefore, obtaining a temporary residence permit. At the end of 5 years, they may request a permanent residence permit.
Main foreign communities in Portugal
Foreigners who live in Portugal are from a multitude of countries, on an ever-increasing number. The main communities are mainly from Brazil, Cape Verde, Ukraine, Angola, United Kingdom, Spain, Germany, China, France and Russia.
Most foreigners come to Portugal to work and stydy. Moreover, in recent years a substantial number of foreigners move to Portugal for retirement. Still others invest in real estate, fostering urban regeneration and subsequently enjoying high profitabilities in the international short-term-rental.
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