Portugal

Portugal is one of the most popular countries in Europe among immigrants that are, for example from the territory of the former CIS countries. Let's analyze how profitable the purchase of residential property in Portugal is and what benefits you will get if you decide to buy it.

Elena Ruda

Portugal is known for its high living standards. However, food, medical services and education prices are lower than in neighbouring European countries. The monthly minimum wage in Portugal is €760. The sum is enough to cover basic needs, including food, housing, utilities, transportation and clothing. The average salary in Portugal is €1,200 per month. Compare the cost of living in different Portuguese cities, and learn about taxes, banking fees, quality of medicine and education, and various pros and cons of residing in Portugal.

Eymi Castro

As of 2024, Portuguese tax residents pay income tax on a progressive scale, and businesses can reduce the corporate tax rate to 5%. Only premium real estate is subject to a wealth tax.  To become a tax resident, one must spend more than 183 days in Portugal during the tax year, from January 1st to December 31st. The days of residing in Portugal don’t have to be consecutive, but they must total more than half the year. Learn what Portugal tax rates are valid and in what cases they are applied, how to change the tax residence and when to pay taxes to avoid fines.

Albert Ioffe

Portugal is often considered a prime destination for UK citizens due to its coastal lifestyle and abundant sunshine—something that British nationals often miss throughout the year, even in the warmest counties such as Cornwall or Kent. One of the easiest ways to move abroad is to participate in the Portugal Golden Visa program. With a Portugal Golden Visa, a UK national has the right to work, study, and live in any EU and EEA country. Additionally, the Golden Visa holder can apply for permanent residence and, later on, Portuguese citizenship.

Eymi Castro

The Portugal healthcare system consists of 238 hospitals, 127 of which are private. Most hospitals provide services to patients in Portuguese and English. Free treatment in Portugal is available to all residents who contribute to the Social Security Fund and pregnant women, children and pensioners. Learn more about the features of Portuguese medicine and how to get quality treatment in the country.

Eymi Castro