Why Expats are Moving to Portugal Retirement Cost of Living Taxes
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Original Article: The Place to B Four Reasons why there are so many UK Ex-pats in Portugal
Hello Sandy Ingram here welcome your hostess for the budget retirement options channel we talk about living well and traveling unless much less while retired in this video we’re going to talk about why so many UK ex-pats are moving to Portugal you may want to consider Portugal as a retirement destination for the same reasons that UK ex-pats are one the cost of living it is up to 45% cheaper to live in Portugal than in the UK and much cheaper than living in major cities in the u.s the rent in Portugal is 48% less than in the United States now the local people in Portugal earn approximately $945 U.S. dollars after taxes each month now the second reason that Portugal is becoming a more popular retirement destination is because Portugal offers great tax incentives not only for UK ex-pats but for people from around the world the Portuguese government runs the non-habitual residence tax program which attracts new investors and high-value residents and the article explains the tax benefits and the link is in the description.
The third reason that Portugal is so popular is because becoming a Portuguese resident means that you can have access from countries throughout Europe now remember the UK exited the European union you can use what is called the golden residence by investment program which the u.s government is trying to discourage or eliminate for u.s citizens anyway for now it’s just talk in Washington dc but if you are thinking about becoming a citizen that can live anywhere in Europe then now is the time to begin the process non-EU citizens can become Portuguese residents by making an investment into the Portuguese economy either through buying property or other assets or starting a business now the fourth reason which is really number one in the article is community and way of life meaning there are a lot of UK ex-pats communities who speak English already living in Portugal you are from my concern about Portugal is the weather it is reports that Portugal has four seasons and in most scary years you can experience that Mediterranean type climate but it does snow in some parts of Portugal
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