With its stunning landscapes, vibrant culture, and a lifestyle that prioritises wellbeing over the daily grind, it’s no wonder that individuals are seeking a fresh start in the sun-kissed European haven that is Portugal.
For residents of London’s hot spots like Mayfair, Knightsbridge, or Chelsea contemplating a change, moving to Portugal offers not just an escape from the urban rush but an opportunity for a better quality of life. Whether you’re drawn by the enchanting coastline or the rich history found throughout cities like Lisbon and Porto, there’s something about this country that resonates deeply with expats looking for more than just another address on their mail. Read on to find out what makes Portugal such an appealing destination for those ready to embrace new adventures and discover
Why move to Portugal?
Portugal offers an beautiful blend of sun, sea, and culture, and with its mild climate year-round, outdoor enthusiasts can bask in the warmth while exploring breath-taking landscapes.
The cost of living is another attractive factor. Compared to London’s sky-high expenses, Portugal provides a more affordable lifestyle without sacrificing on quality, and safety ranks high on the list as well, and it stands out as one of Europe’s safest countries, allowing residents peace of mind amid their new adventures.
From fresh seafood to delectable pastries like pastéis de nata, food lovers will find plenty to indulge in, while wines from the famous Douro Valley are renowned for their Port, red and white varieties. Add to that the rich culture and storied history, along with some stunning coastlines along the Atlantic Ocean, like The Algarve, and it’s easy to see why more and more people are looking to swap London life for this dream destination.
The requirements of moving to Portugal
If you’re sold on a move to this alluring country, then it’s important to discover the requirements of the passive income visa in Portugal. As with any move to a new country, it will take careful planning and an understanding of specific requirements. First, you’ll need a valid passport or national ID card if you’re an EU citizen. For non-EU citizens, securing a visa is crucial. Various options exist, such as the D7 passive income visa or the Golden Visa for those investing in real estate. Each comes with its own set of criteria and documentation needs.
This visa, officially known as the D7 visa, caters to individuals who can sustain themselves through reliable passive income sources.
Eligible applicants may include retirees or those with investments yielding consistent returns. Income from pensions, rental properties, and dividends qualifies you nicely. Additionally, this visa provides a route towards permanent residency after five years.
Proof of financial means is essential. You must demonstrate that you can support yourself without relying on Portuguese public funds. This often involves showing bank statements or proof of income.
Don’t forget health insurance coverage either; it’s advisable to have private health insurance until you qualify for the public system. Researching residency permits and any local registrations required in your chosen area will also pave your way toward a smooth transition to life in Portugal.
The best places to move to in Portugal
Portugal boasts a variety of stunning regions and cities, each offering its unique charm.
Lisbon, the lively capital, combines rich history with modern living., with eclectic neighbourhoods boasting energetic markets and mouth-watering cuisine. Porto, meanwhile, known for its Port wine, has a picturesque riverside area lined with colourful buildings with a local culture that is warm and inviting.
The Algarve region is famous for its breath-taking beaches and sunny weather and is a perfect place for those seeking a laid-back lifestyle. For a quieter pace, consider Coimbra or Évora. Both are steeped in history, showcasing beautiful architecture and universities that date back centuries. If you’re drawn to nature, look into moving to Madeira or the Azores islands. They offer lush landscapes and outdoor adventures all year round.
