Portugal: the best destination for a fresh start

22 June 2022
Manuella Sena

Portugal has always been known as the ideal destination to retire. However, Portugal is not only that, but also the most attractive destination for millennials who are initiating their lives and careers. The truth is, Portugal is one of the best choices to simply start regardless of how old you are.

 

Since the pandemic, the way we live, and work has been completely transformed. People all over the world are moving and changing careers based on what fulfils them most.

 

There is a wave of expats, digital nomads, entrepreneurs, and retirees settling in Portugal in search of a better life. One of its reasons is the quality-of-life Portugal has to offer, such as, amazing lifestyle and weather, great security, and hospitality.

 

Portugal offers not only a natural beauty, but also culture. Foreigner’s citizens do not struggle to adjust, they just feel as if they´re home. It certainly helps that most of the Portuguese population speaks perfectly English and are welcoming to expats.

 

In fact, the number of abroad citizens living in Portugal is at an all-time high, making up about 7% of the population in 2021, according to the Portuguese Immigration and Borders Service (SEF).

 

Portugal is becoming increasingly known for its start-up scene, mostly concentrated in Lisbon. Funding to tech start-ups headquartered in the country grew to over €180 million in 2021, up from about €1.2 million in 2016, according to the 2021 Portugal Start-up Outlook. According to the report, 1/3 of founders who established start-ups in Portugal the previous years were foreigner citizens.

 

Finally, it is important to highlight that moving to Portugal is relatively easy and is followed by many other benefits like acquiring a European Passport after only 5 years of legal residency and tax benefits for up to 10 years.

 

The most common visa for someone intending to start a new life in Portugal is the D7 Visa/Residence Permit, which is the ideal option for who wish to live in Portugal and can show evidence of having a net regular income (not necessarily passive income) that is deemed sufficient to support his/her family aggregate in Portugal.

 

The D7 does not preclude the holder from having a professional activity in Portugal and, provided the applicant has sufficient income, it is generally the best option for someone who intends to live in this country.

 

If you are looking for a fresh start as well, we can provide full bureaucratic and legal assistance with your Portuguese residence permit. For further information, please contact us.


Manuella Sena

Immigration Consultant

The legal framework for the RCBE is set out in Law No. 89/2017.
by Tomás Melo Ribeiro 23 April 2025
The Central Register of Beneficial Ownership (RCBE, Registo Central do Beneficiário Efetivo) is a mandatory register established by the Portuguese government.
Portuguese Tax Return - How to apply for a submission deadline extension.
by António Pratas Nunes 21 April 2025
Submit IRS Modelo 3 in Portugal by 30 June 2025 or request an extension until 31 December with Modelo 49 in specific cases.
Novas regras para a concessão,renovação e substituição da Autorização de Residência CPLP em Portugal
by Sara Sbai Oliveira 16 April 2025
Nova lei reformula Autorizações CPLP: cartão físico de 2 anos, visto consular obrigatório e acesso à livre circulação no Espaço Schengen.
Purchasing a newly built or extensively renovated home is one of life’s most significant investments
by Margarida Tempera 14 April 2025
Bought or renovated a home in Portugal and found defects? You may have legal protection, with warranty periods from 5 to 10 years under Portuguese law.
Portugal remains an attractive jurisdiction for international investors.
by Tomás Melo Ribeiro 3 April 2025
A branch is not a separate legal entity. It operates as an extension of the parent company and is fully dependent on it, both legally and financially.
Portugal has implemented a series of tax benefits to encourage urban rehabilitation.
by Diogo Pedro and Cleuzina Cruz 1 April 2025
To maximise these benefits, property buyers should assess eligibility before purchasing a property, ensuring it meets the criteria for IMT exemption.
The most important requirement is demonstrating an effective connection to the Portuguese community
by Florbela Lopes 31 March 2025
Acquiring Portuguese citizenship through marriage or a civil partnership with a Portuguese national may appear to be a straightforward legal process.
The present overview provides a comprehensive and structured analysis of the D2 Visa.
by Luís Maria Branco and Tomás Melo Ribeiro 28 March 2025
The D2 Visa allows non-EU, EEA, and Swiss nationals to legally start a business, invest, or engage in entrepreneurial activities in Portugal.
AIMA may suspend the 'green lane' if there are security concerns or significant difficulties.
26 March 2025
A “green lane” will be established to streamline the work visa process for foreign nationals being recruited by Portuguese companies.
Here are some insights and practical recommendations to help you through the 2024 tax season.
by António Pratas Nunes 25 March 2025
The income earned in 2024 must be declared between 1 April and 30 June 2025 by submitting the IRS Model 3 declaration.
More posts