Living in Portugal as an American Expat: Important Things to Know
Curiosity makes people discover new countries. Getting to know the culture, learning a foreign language, and many other attractions motivate people to move. It is difficult to form your own opinion about such an idea, because the lack of information reminds you of itself at every step.
The answers of the specialist Zlata Erlach (Immigrant Invest) will help you gain the necessary experience and decide to take this step. For example, foreigners considering the Portuguese Digital Nomad Visa can learn about the country firsthand. Americans who are interested in the program and have participated in it are kind enough to share their impressions.
Popular Options for Obtaining Residency
There are several ways to join the ranks of Americans who have migrated to sunny Portuguese cities. Each of the options has special requirements for work or the need to make an investment. At the same time, the offers look attractive enough to be considered.
The D7 visa is a simple and economical option for relocation. Applicants confirm the availability of legal income (pension, salary, etc.) and provide a certificate of residence. However, the offer has one peculiarity – Americans must reside in the country for 16 months in 2 years.
Another option is the D2 permit. You can get a Portuguese residence permit by setting up your own company. The good news is that there are no requirements for the field of activity. However, foreigners must contribute at least 50 thousand euros to the authorized capital of the organization to be eligible for the permit.
Property and Real Estate for American Expats
Moving into your own property is anxiety-inducing for many Americans who plan to live abroad. It is important to learn about this opportunity in a new country. Portugal is a place where comfortable conditions have been created for migrants. The argument in favor of this opinion is simple: foreigners can buy real estate before they get a permanent residence permit.
There are other reasons to be interested in the idea. The real estate market is characterized by its stability. Fluctuations in value are insignificant, which confirms that such an investment in your future abroad is the right one.
Taxes and Banking
Another advantage of the country is its favorable tax system. Foreigners and locals pay 20% of the income earned during the year. This feature is included in the list of benefits of living in Portugal, so it’s worth learning more about living in a new environment.
In addition, expats are exempt from paying taxes on dividends or royalties. US citizens also avoid double taxation. These privileges will help you accumulate profits and spend them at your own discretion.
Expat Life in Portugal for American
The conclusions of those who have lived in Portugal as an American motivate to consider migration. Evaluate your living experience to determine your list of benefits and drawbacks. The popularity of the offer among remote workers is due to the special opportunities that are characteristic of this sunny country.
Understanding the Cost of Living in Portugal
The cost of living in Portugal depends on the requirements of the migrant, so it is better to calculate it yourself. However, before that, there is something to tell about pricing. For comparison, consider the average expenses of the Portuguese:
- water bills – 20 euros/month;
- electricity – 50 euros;
- Internet services – 35 euros;
- fitness club subscription – from 35 euros.
The price of renting an apartment depends on many conditions, including the city of residence and the season. Since tourists like to spend their vacations on the warm coast, you need to be prepared for a price increase.
Cultural Adaptation: Embracing the Portuguese Lifestyle
Adapting to an unfamiliar environment does not take much time. The Portuguese are hospitable and intelligent people. There are many options for cultural development here, as the country stands out for its rich history and considerable heritage. It is difficult to learn Portuguese, but many locals speak English. This allows to quickly adapt and continue to get acquainted with the peculiarities of the country.
Healthcare and Education Systems in Portugal
It is also worth considering the pros and cons of moving to Portugal in terms of medical care. The system meets modern standards, so it is not difficult to obtain help. According to international organizations, medicine gets high marks.
You can visit a doctor in public clinics. In addition, foreigners are also served in private hospitals. The cost of services depends on the region, but remains affordable.
Conclusion
Brave Americans have already seen that expectations and reality are in line. According to migrants, Portugal is an attractive country with special advantages. The high level of security, quality education and healthcare, combined with an affordable cost of living, deserve a closer look.
