People from all over the world choose to live in Portugal, taking advantage of its mild climate, safety, and high quality of life.

Located on the Iberian Peninsula, Portugal is one of the most popular destinations for immigrants and expats.

There are many reasons or advantages to living in Portugal. From the best place to live to the cost of living in Portugal, NEWCO has an experienced team ready to answer all your questions about the decision to live in Portugal.

Why live in Portugal?

Before you choose to live in Portugal, it's important to know a little more about the country. 

There's a lot we could share with you, but the essentials are really quite simple.

Culturally Rich

Portugal's cultural heritage dates back some 400,000 years and spans several historical periods, from Phoenician and Carthaginian explorations to Roman, barbarian, and Muslim invasions; then the reconquest and founding of Portugal in the 12th century, through maritime explorations to the present day. 

Stunning, from the sea to the mountains

From the golden beaches of the Algarve to the levadas of Madeira and the lush vineyards of the Douro Valley, there are hundreds of different landscapes that cater to the most varied tastes of those who choose to live in Portugal. What's more, the country has hot summers and mild winters, a perfect example of the renowned Mediterranean climate.

Make yourself at home

The Portuguese are known for their friendliness and hospitality. Whether you're wandering the streets of Porto city center or enjoying the coastal charm of Cascais, you'll find a community that embraces diversity and warmly welcomes newcomers who decide to live in Portugal.

Tax Benefits

If you choose to live in Portugal, or even if you want to return five years after leaving the country, you can access benefits under the tax regime for scientific research and innovation, the Return program, or the special tax regime for non-habitual residents approved for the Portuguese Autonomous Regions, depending on your specific circumstances.

Have you ever tasted a pastel de nata?

Portugal's gastronomy is a celebration of rich flavors and influences from around the world, reflecting the country's maritime history and cultural heritage. And who hasn’t heard of Portugal’s world-famous Port and Madeira wines?

There are also benefits in the taxation of crypto-assets, the creation of start-ups in Portugal, and the taxation of stock options, as well as specific benefits for those moving to the interior regions of Portugal, including financial support for employability, tax benefits for families and students, and incentives for companies.

Take advantage of the tax benefits of moving to Portugal

Contact us and find out what tax benefits you are entitled to.

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Is Portugal a good country to live in?

In addition to what was mentioned above, when you choose to live in Portugal, you choose to live in a quality country, which is still close to everything and everyone, in a stable, safe environment that guarantees health and education.

  • Still close to everything
    When you live in Portugal you live in a country with an excellent infrastructure network, including roads and ports. There are several international airports offering daily flights to European, Latin American, and North American capitals. Portugal also has a solid telecommunications network and good internet connection speeds.
  • Standard of living
    Portugal stands out in the global quality of life indices. If you want to live in Portugal, know that you can count on a safe environment, low crime rates, excellent healthcare and education systems, and stunning natural landscapes that contribute to a high standard of living.
  • Stable and safe environment
    Portugal is considered one of the safest countries in Europe. Its political stability, low crime rates, and well-developed infrastructure make it an attractive destination for those looking to live in Portugal, in a safe and peaceful environment.
  • Education and healthcare guaranteed
    The National Health Service (SNS) ensures that healthcare is accessible and easily available to all residents of Portugal. Besides, if you choose to live in Portugal, private healthcare options offer other alternatives. All residents of Portugal also benefit from free access to schooling up to the 12th grade – 18 years old. Various private schools up and down the country offer teaching in English and other languages.

Advantages of setting up a business

Portugal benefits from a thriving business environment and a very competitive tax framework. The standard rate of corporate tax (IRC) is 21%, but there are reduced rates of 14.7% in Madeira or the Azores and even 5% in the Madeira International Business Centre.

Other advantages include:

  • Participation exemption for dividends and capital gains;
  • Double taxation tax credit;
  • Tax benefits on stock options;
  • Tax benefits on crypto-assets;
  • Among others.

Advantages of setting up a business

Portugal benefits from a thriving business environment and a very competitive tax framework.

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How to go about moving to Portugal

How to go about moving to Portugal

You've already decided that you want to live in Portugal. What next?  The moving process involves several important stages, from finding a house to obtaining a NIF (taxpayer number) and opening a bank account.
Find out how to move to Portugal, step by step.

Living in Portugal: Residence permits in Portugal

There are several types of residence permit for people living in Portugal. The most popular options are the D7 (through passive income), the D8 (remote work), the D2 (entrepreneurship) and the Golden Visa (investment). 
However, there are other options such as the Startup Visa and the Tech Visa.
Find out more about residence permits in Portugal.

Living in Portugal: Residence permits in Portugal

Where is the best place to live in Portugal?

Can you guess the best place to live in Portugal? Portugal is a very diverse country, so there is no right or wrong answer to this question. It depends a lot on your personal circumstances and lifestyle.

In addition to mainland Portugal, the country has two autonomous regions, both archipelagos: the Autonomous Region of Madeira and the Autonomous Region of the Azores.

Choosing where to live in Portugal: north or south, coast or inland?

If you’re considering living in Portugal, know that the Portuguese mainland is characterized by contrasting and diverse landscapes.

Firstly, there is a notable difference between the north and south of the country. Northern Portugal is more mountainous, with more forests and rivers, and in winter it's a little colder (especially in the northern interior). Historically, it has more Celtic, Galician, and Germanic influences.

Conversely, the south of Portugal, especially the Algarve region, is sunnier and drier, less mountainous, and attracts more tourism, being famed for its beaches. In the south, there are more historical influences of Muslim origin.

We can also differentiate between the coast and the interior: cities on the coast are larger, more populous, and have bigger labor markets than their inland counterparts. Most companies are concentrated on the coast. Housing and living costs are more expensive.

The interior of Portugal contains cities that generally have fewer inhabitants, with more limited labor markets, a more peaceful lifestyle, and a lower cost of living.

Portugal has two Autonomous Regions: The Azores and Madeira. Madeira is located in the Atlantic Ocean, about 1,000 kilometers from mainland Portugal. It has a warm climate, a mountainous geography, and is famous for its stunning natural landscapes.

The Azores are an archipelago located in the middle of the Atlantic Ocean, 1,400 kilometers from Lisbon. These islands have a moderate climate that is often rainy and cloudy. Each island in the Azores has unique characteristics and landscapes that are worth visiting.

Living in Lisbon

Living in Lisbon

Lisbon is a vibrant metropolis, combining the dynamics of a European capital with the charm of Portuguese tradition. With around 550,000 inhabitants, it is the political, economic, and cultural center of Portugal.

If you value a cosmopolitan destination, with cultural events and an active nightlife, living in Lisbon will be a good option to live in Portugal.

Boasting a thriving business environment, the Portuguese capital is one of the best European destinations for investors, entrepreneurs, and remote workers. 

Living in Porto

Situated at the mouth of the famous River Douro, Porto is the capital of northern Portugal and the second largest city in the country. Known for its culture, industry, and Port wine, this is a city of authentic, warm, and welcoming people.

Porto offers quality of life, a safe and secure environment, tradition, and a unique and captivating energy. 

Living in Porto
Living in Madeira

Living in Madeira

The Autonomous Region of Madeira is made up of Madeira Island, Porto Santo, the Desertas Islands, and the Selvagens Islands. Only the first two are inhabited.
As an autonomous region of Portugal, Madeira has political and administrative autonomy and its own government. 
Natural beauty is one of Madeira's great attractions. The Laurissilva Forest, a UNESCO Natural Heritage Site, covers 20% of the island of Madeira. Madeira has an excellent quality of life index, combining a dynamic lifestyle with the tranquility of the sea and the mountains.

Living in the Azores

The Azores archipelago is made up of nine islands, the largest of which is São Miguel. Like Madeira, the Autonomous Region of the Azores has political and administrative autonomy and its own government.
The natural beauty of these volcanic islands is complemented by a lifestyle that is peaceful, quiet, and close to nature: don't expect dynamic cities with nightlife and cultural events for all tastes. 
The capital of the Azores, Ponta Delgada is a charming city with around 67,000 inhabitants and offers regular flight connections to Lisbon, Porto, Funchal, and other European and American cities. 

Living in the Azores
Living in the Algarve

Living in the Algarve

The Algarve, with its golden beaches and stunning cliffs, is a popular choice for those wanting to live in Portugal and are looking for a coastal lifestyle. 
The Mediterranean climate, golf courses and picturesque cities such as Faro, Albufeira or Portimão make the Algarve an attractive destination for anyone who enjoys beaches, warm weather, and water sports.
It's a safe and quiet area, but it doesn't offer the dynamism of cities like Lisbon or Porto.

Living in the countryside

The interior of Portugal is not a well-defined region; usually, it corresponds to the regions outside the population centers of the Portuguese coast. The Portuguese countryside is characterized by small towns and quiet, rural communities. It is very diverse, from the vast sunny plains of the Alentejo to the mountains and river valleys of Trás-os-Montes.
Away from the bustling economic centers such as Lisbon and Porto, the interior offers a calm, safe daily life with lower living costs in everything from housing to services.
And there's more: the Portuguese government gives tax benefits and financial support to those who choose to live in Portugal and move to the interior to take up employment or start a company.

Living in the countryside

Cost of living in Portugal

Compared to many Western European countries, living in Portugal offers a relatively affordable cost of living. This difference is more significant outside major population centers, where housing, transport and daily expenses are often more affordable, allowing residents to enjoy a comfortable lifestyle.

The cost of housing varies depending on the region and the type of accommodation. When opting to live in Portugal, know that while urban centers such as Lisbon and Porto have higher housing prices, rural areas and inland towns and cities offer more affordable accommodation options.

Shopping, eating out and leisure activities are reasonably priced, allowing you to enjoy local gastronomy and cultural experiences on a regular basis.

Get your NEWCO guide

 Our Guide to Living in Portugal contains information on why Portugal is a favoured residence destination. Find out how to plan your moving process, including the necessary steps and requirements. You'll also find out what to expect in terms of taxes and personal taxation.

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