Why Americans are moving to Portugal

In recent years, there has been a significant increase in the number of Americans moving to Portugal. This trend can be attributed to various factors, such as the country's low cost of living, favourable tax incentives, and high quality of life. Let's take a closer look at why Americans are flocking to Portugal.

Affordable Cost of Living

One of the most significant factors contributing to this trend is Portugal's low cost of living. Compared to other European countries, Portugal is relatively affordable, making it an attractive option for Americans looking for a place to retire or work remotely. The cost of housing, food, and transportation is significantly lower in Portugal than in other European countries such as France, Germany, and Italy.

Tax Incentives

Another reason why Americans are moving to Portugal is the favourable tax incentives. Portugal has a non-habitual resident (NHR) tax regime that provides tax exemptions for foreign income, such as pensions and capital gains, for ten years. This tax regime mainly benefits retirees looking to stretch their retirement savings.

High Quality of Life

Portugal is known for its high quality of life, warm climate, beautiful beaches, and rich cultural heritage. Portugal is also a safe country with a low crime rate, making it an attractive option for families and retirees. Additionally, Portugal has an excellent healthcare system, which is accessible to both residents and foreigners.

Business Opportunities

Portugal is also an excellent place for entrepreneurs and business owners. The country has a thriving start-up culture and is home to many successful tech companies. The government has also implemented measures to make it easier for entrepreneurs to start and run businesses in Portugal, such as providing tax breaks and simplified bureaucratic procedures.

In conclusion, Portugal's low cost of living, favourable tax incentives, high quality of life, and business opportunities are all reasons why Americans are moving to Portugal. Whether you want to retire, work remotely, start a business, or raise a family, Portugal has something to offer everyone.