Why Portugal?

Imagine living in a country with a great diversity of scenery and surroundings: sandy beaches stretching into the distance, mountains and golden plains, vibrant cosmopolitan cities and a thousand-year old heritage.

You can do water-sports, play golf on the best courses in the world, enjoy the countryside, try the latest treatments for health and well-being, or go and discover our heritage and our unrivalled wines and cuisine.

What Portugal can offer to the business and investment world:

  • Less expensive labour.
  • Highly-qualified service providers.
  • High level of education and high level of culture.
  • Free access to the markets of the European Union.
  • Cutting through red tape in the tax system.
  • More flexible labour laws.
  • Reduction of corporation tax.
  • Tax incentives for investors.
  • Wealth, inheritance and gifts tax exemption for foreigners.
Cost of Living

For most foreigners, the cost of living is considered low. According to the UBS (Prices and Earnings 2010), price indices are attractive.

Examples:
Meal in mid-range restaurant €8.25
Golf membership €500 a year
Domestic help €6 per hour
Baby-sitting €8 per hour

Geography

Portugal is excellently located. At the convergence of three continents – Europe, Africa and America – it has always been the crossroad for the most important international routes. There are international airports in every part of the country – Lisbon, Faro and Oporto with regular connections to all the main cities in the world.

Taxation

Portugal is also one of the best places in the world to buy a house because it has clear and transparent fiscal rules. The new legal provisions facilitate the obtaining of a residence permit.

Quality of Life

In 2010, the European Consumers Choice Awards named the capital Lisbon as “Best Destination 2010”, and in 2011, it was chosen as one of the 42 cities in the world with the best quality of life by the Worldwide Quality of Living Survey 2011, and the “City of the Future” by European Cities & Regions of the Future, 2012/2013.

Luxury in Portugal

The “Avenida da Liberdade” (Liberty Avenue) in Lisbon, is considered the 35th most expensive and 10th most luxurious avenue in the world.

Strolling along Liberty Avenue you will be overwhelmed by the beauty of its architecture and the charm of international brands’ stores and restaurants.

Climate

As for the climate, the winters are mild and the summers are hot and dry. Portugal is blessed with 3.300 hours of sunshine per year in the South and 1600 hours in the North and benefits from a very low level of air pollution in Europe.

"Portugal,
A great secret for investing and living"

Filomena Ramilo