We all have different motivations for changing the location, ranging from; getting better job opportunities to higher living standards. However, you might want to ask why it is essential to choose Portugal when considering the possible choice of places to pick.
Everything you could want is in this tiny Atlantic nation; Portugal has quickly become one of Europe’s most sought-after places to call home.
You might want to check out our Portugal golden visa option. Here are some of the most popular reasons why many people choose Portugal today.
Tax breaks and Investment
It’s natural to have many concerns about tapping into a foreign country’s best opportunities when investing there. Regarding taxation, Portugal is neither a tax haven nor a low-tax nation. It uses a progressive income tax scheme with a top threshold of 48%.
The crisis-stricken country in south-eastern Europe has stabilized and is again becoming a tourist hotspot.
Portugal is a hot destination, and wealthy people worldwide are eager to set up shop here.
Most non-Portuguese investors put their money into the real estate market to get the golden visa and ease the partway to permanent citizenship.
Investment in such assets can be fruitful because they are linked to the growth of the state market (the buying and selling of properties) and because, despite the COVID crisis, these transactions keep happening regularly.
Individuals (foreign or Portuguese) who have not been taxed as Portuguese tax residents for the preceding five years are eligible for the NHR’s preferential tax treatment for ten years.
However, remember that US citizens must file taxes with the IRS every year, no matter where they live.
Good Food
The most important of our basic needs is to eat. The organic foods in Portugal are not just safe to eat but also delicious and nutritious.
Also, as Europe Union rules are stringent regarding the cleanliness of factories, unhealthy levels of preservatives or chemicals should not be a concern.
The cost of locally grown fruits and vegetables, like bananas and avocados, is very cheap. And if a particular fruit or vegetable cannot be found in Portugal, it is often imported from neighboring countries.
High level of Security
Portugal is among the safest country in the world today. With a firm policy from the government and high level, Portugal has some of the laxest gun laws in the EU, which may surprise you. Gun ownership in Portugal is legal for sports shooting, self-defense, collecting, and pest control.
Despite this, the gun crime rate in Portugal is among the lowest in Europe. In the United States, mass shootings are not extremely rare.
Getting a golden visa will allow you full access to all the security benefits.
Lots of Tourist Attractions
Portugal is quickly becoming a popular tourist destination. Lisbon, the country’s capital, is a vibrant metropolis brimming with young people and urban sophistication for American students, workers, and residents.
The cities in and around Portugal are popular among Americans for several reasons, including their convenient location, the prevalence of services, and the availability of native English speakers and other professionals.
It is also known for its highly skin-friendly subtropical climate. It was a good relaxation sport if you want that perfect skin-tanned complexion.
Ease of visa application
The Portuguese government welcomes students and those seeking employment. This government-sponsored program in Portugal makes many opportunities available to American ex-pats.
One’s inherent right to be reunited with one’s family. Carlucci American International School of Lisbon and International Christian School of Cascais are two top-notch choices for American students in Portugal.
When it comes to working from home or running an online business, the D7 is an excellent choice. D7 is available in Portugal for people who work remotely for an international company or receive dividends from an online business.
If you are interested in investing, you can look into the golden visa application.
Developing technology
Portugal has emerged as a leading European contender in attracting technology-based businesses. Portugal has created several technological hubs to attract international companies to this sector. It has become a one-stop destination for those interested in technology or working for a growing tech company.
Conclusively, those considering moving to Portugal from the United States to obtain EU citizenship eventually or for any other reason will benefit greatly.
You can’t go wrong, from food to Security to even employment opportunities. The golden visa also makes it extremely easy to process, so what are you waiting for?
