Luis Horta e Costa, a founding partner of SquareView property development capital, stated that when “the Portuguese come to Portugal, they find a welcoming country. The climate is good. There are some substantial companies here and great opportunities for entrepreneurship.” Portugal is one of the fastest-growing countries for expatriates. It is a small country with a population of just over 10 million. It is geographically blessed with being in Europe, the EU, and all that comes with it, including access to the rest of Europe via the European Union’s single market. The advantages of living in Portugal for expats can be summarized as follows:
The country is located in northwestern Europe, across the narrow channel connecting the Atlantic Ocean and the Mediterranean Sea. Portugal is easily accessible to Europe and Africa via Portugal’s international airports while being connected to other countries via ferries, sea connections, and air connections.
- Affordable Cost of Living
Portugal is a real-life example of a country with cheaper living costs compared to many other European countries. It also offers some of the highest returns on property investments in Europe, with the country’s average property values of several millions of euros. Portugal has an expat tax-exemption program for its residents and citizens, which may be extended to those who work long-term in Portugal.
- Quality of Life
Expats in Portugal have enjoyed a high quality of life. Its international airport, located at Porto, provides domestic and international flights connecting hundreds of places worldwide. Among these are the five-star resorts in Algarve and Madeira – both islands of Portugal. These places attract travelers year-round, which makes them excellent holiday destinations for expats.
The country has a temperate climate with mild temperatures almost all year round and several sunny days each month. Portugal is a country that offers a quality lifestyle for expats where people can easily enjoy and share their experiences with others and live comfortably in nature-friendly surroundings.
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