The classic office job from nine to five? That’s not the only path anymore!
Tech and the internet have made a new lifestyle possible: work and travel
at the same time as a digital nomad or remote employee.
Portugal has surged in popularity as a top spot for remote work. Its lively
tech and startup scene have made it a popular destination for individuals
who seek to work remotely. Companies from abroad are looking to expand here
and benefit from all the nation offers. If you are a remote worker looking
for networking possibilities, this is a huge benefit.
Its capital,
Lisboa, is especially appealing to remote workers. Savill’s Executive Nomad
Index study rated Lisbon as the best city for digital nomads, citing
factors like fast internet, flights, the weather, quality of living, and
rental prices.
Cities like Lisbon now have many co-working spaces and startup incubators,
offering resources and chances to network with other entrepreneurs and those
who work for themselves.
Madeira, a Portuguese island, also has a first-of-its-kind digital nomad
village. In Ponta Do Sol, over 3,000 people have signed up since it
launched on February 1, 2021, thanks to a partnership between the Regional
Government of Madeira and Startup Madeira. Remote registration is free, and
so are some extra perks, like free Wi-Fi access!
Why Portugal Suits Digital Nomads and Remote Workers
Portugal shines as a great area for digital nomads owing to its many advantages.
1. Cost of Living
Portugal’s living costs are rather low in comparison to elsewhere in Europe,
making it an attractive location for people looking to stretch their money
further. The affordable accommodation, food, and transit are noteworthy.
2. High Quality of Life
Portugal offers a high standard of living complete with gorgeous beaches,
historical towns, and kind people. The Mediterranean climate has warm
summers and moderate winters for outdoor activities.
3. Good Internet Infrastructure
Portugal’s internet infrastructure is good, which is essential for digital
nomads and remote workers. Expect dependable and quick internet access
throughout the country.
4. Non-Habitual Resident Program
Portugal offers a “non-habitual resident” program. This lets qualified people
pay a lower or nonexistent tax rate on earnings. This has drawn remote
workers hoping to save money on taxes as they enjoy what Portugal can offer.
5. Cultural and Historical Richness
Portugal is rich in history and culture. It suits digital nomads who want
to wander ancient villages and learn about the past. There are also beaches,
mountains, woods, as well as wilderness where one might go trekking or
camping.
6. Friendly and Welcoming People
Portugal is known for its welcoming and accepting nature, with people who
are kind and friendly. Since the residents treat immigrants well, one always
feels appreciated wherever one travels.
7. Safety
Portugal is typically seen as a secure nation because crime is limited in
comparison to others. As a result, remote workers find their places of
residence to be fairly secure and cozy.
Portugal Digital Nomad Visa Possibilities
Portugal is a European Union member. All member-country residents can use it
without a visa. If you hold a current passport from any other EU country,
you can come to Portugal for up to ninety days with no visa. If you intend
to remain longer, you must apply for a visa if you are not an EU, EEA, or
Swiss national. Portugal provides digital nomads with options.
Temporary Stay Visa
For people wishing to live in Portugal for a while but not permanently, there
is the Temporary Stay Visa that is needed to provide up to one year of
residency in Portugal. You must demonstrate a minimum monthly income that
will be needed to cover living and accommodation costs. The Visa is
renewable for a total of two years.
Multiple entries into the country are granted with a temporary stay visa.
Additionally, with this style of Visa, you can visit other European nations.
Residency Visa
You ought to use the Residency Visa if you wish to prolong your stay in
Portugal past a year or be granted Portuguese citizenship, opening a business
using the
D2 Visa Portugal.
You must first file your application at the consulate closest to your
permanent residence or native country when using this Visa. You will obtain a
visa with two entrances that are valid for four months upon being chosen.
After that, you must petition SEF Immigration and Border Services for a
residency permit. This will be good in effect effective a two-year timeframe
going forward.
Golden Visa
O
Portugal Golden Visa Program
remains a practical option for those looking to launch businesses and
startups while also seeking a path to citizenship and the freedom to travel.
The requirements and the application process for Portugal’s visas may vary.
Consult an attorney specializing in Portuguese immigration rules for specific
advice. Tax advice could also be acquired.
Portugal’s Nomad Living Expenses
Digital Nomad Cost of Living
How much you will pay for housing in Portugal is determined by your lifestyle
and the location of your home. Nevertheless, Portugal as a whole has some
low living costs. It’s cheaper to live in Portugal than in any region around
Europe. Apartment rents can be surprisingly significant to budget for in
Porto and Lisbon, yet they are affordable if they are considered comparable
with rents around the world.
Taxing Digital Nomads
For digital nomads, the tax benefits are one of the biggest attractions.
The tax reduction scheme, officially called the Non-Habitual Residence or
NHR, is designed for people who have become taxed residents in Portugal but
don’t have a “regular residence” within the country. For ten years, it
shields people from paying taxes on the amount of their foreign income if
individuals reside in Portugal. A tax rate that applies is 20%.
Steps to Become a Digital Nomad
Working in Portugal while on the go can be amazing. You’re able to continue
to work and immerse in its culture and the country’s past. Having a
prosperous experience depends on your visa, accommodation, healthcare,
taxation systems, financial resources, internet connections, and networking
with others.
You will have a fantastic, fulfilling experience as a digital nomad in
Portugal. Have plans to carry out and prepare for it.
