Why are more Brits moving to Portugal than ever before?

  • 21 September, 21

The number of UK nationals living in Portugal surged by 34.6% between 2019 and 2020 (SEF report).

One of the major draws for British expats may be Portugal’s non-habitual residency (NHR) tax codes. Foreigners with certain professions can qualify for NHR status and benefit from considerable tax exemptions in their first 10 years of Portuguese residence.

Portugal is the cheapest country to live in Western Europe, making it hugely popular with Britons seeking a life abroad. The estimated monthly cost of living for a family of four is around €2,869 (£2,464) and for a single person is €1,424 (£1,223). This makes Portugal roughly 30% cheaper to live in than the UK.

Portugal is also an attractive place for families considering a move away from home. The nation is home to several dozen international schools aimed primarily at expats. Most of these exist in and around areas such as Lisbon, Porto and the Algarve coast.

Since leaving the EU in January 2021, UK citizens have been hit by travel restrictions to many European nations. Britons hoping to travel to EU countries for more than 90 days in a 180-day period may now need a visa to do so. Portugal’s relaxed approach to travel with its neighbours could be the answer for cabin fever-prone Brits.

Cre:Portugalresident

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