Living in Portugal
Exploring aspects of expat life for those living in Portugal
The government in Portugal has introduced a 10-year tax exemption window of opportunity for foreign retirees who want to retire abroad to live in Portugal, and who want to enjoy a reduced cost of living thanks to having no income tax deducted from their pension
Along with Greece, Ireland and Spain, Portugal’s economy has taken a severe battering in recent months, forcing Moody’s credit rating agency to downgrade the nation’s long-term credit ranking by two steps to A1 in July of this year.
Concerns remain heightened relating to Portugal’s economic growth potential in the medium term too, which has served to reduce the country’s overall appeal as a place to move to as an expatriate, particularly in retirement.
No one wants to commit themselves to a country when it’s facing economic uncertainty – but fortunately the Portuguese are aware of this fact, and as a result the government has introduced a new incentive to encourage foreign residents to relocate to the nation, and bring their much needed wealth with them. In this article we’ll reveal why it could now be worth considering Portugal as a place to live abroad – in other words, let us give you just 1 very good reason to consider retiring to Portugal…
Looking at the pros and cons of choosing Portugal as a place to live abroad
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A guide to successful retirement in Portugal with tips on considerations and plans to make