European countries top the list when it comes to earning a living or retiring peacefully. The quality of life, suitable environment, safety, good health care system, and easy immigration are some reasons to move in. However, among several good options, it becomes very challenging to zero in on the best country to settle in.
Portugal dominates the list of the top places to live in Europe. It is a country of great wealth and diversity that offers top quality of life. Moreover, with a rich history, people of every background and liking can find a place to settle in Portugal. If you are not convinced yet, here are some good reasons to settle in Portugal.
Why is Portugal an ideal country for a promising lifestyle?
The Portugal golden visa program has made the right to live, work, and study in Portugal easily accessible for non-EU nationals. So, here are some good reasons to move to this great country.
Safety
In 2019. Portugal was placed in the 4th position on the Global Peace Index ranking. When it comes to safety, the country has some amazing statistics. Over the past several years, crime in this country has dropped consecutively. Moreover, serious crimes are very rare, and petty crimes are only limited to crowded places.
The best climate
Unlike other European countries, the climate in Portugal is not too extreme. It has hot summers and mild winters in the southwest of the European continent. It gets more than 200 days of sunshine per year. On average, the maximum temperature does not cross 20 degrees.
This ideal climate is not only favorable for residents but also supports a diverse range of flora and fauna.
The best healthcare
The well-organized Portuguese National Health Service is another reason to live in this beautiful country. With over 120,000 healthcare professionals and a network of over 1500 public health centers and hospitals, it has one of the best health care in Europe.
The good news is that all eligible residents can access universal health coverage through its publicly financed public health service (called the Serviço Nacional de Saúde, SNS).
Affordable cost of living
The cost of living in Portugal is not too expensive compared to other European countries. Everything from services and groceries to essential services is very affordable. The bright side is that you can also save big while purchasing a property in this country.
From renting a spacious apartment to owning a dream home in a good location, Portugal is something for everyone. You can opt for a typical seaside holiday villa or retire in heritage-styles Portuguese small holdings and renovation projects.
Strong Economy
The Portuguese economy is stable and consistent. Since the third quarter of 2014, Portugal’s yearly Gross domestic product development (GDP) is persistently expanding. In 2017, the country reached a growth in GDP of 2.7%. The economy’s development, along with a sharp fall in the unemployment rate, makes it a good place to earn a living.
Has been joined by a ceaseless fall in the joblessness rate.
Surprisingly, its budget deficit decreased from 11.2% of GDP in 2010 to 0.5% in 2018.
Education
You can expect quality education from a well-established public and private education system. Moreover, apart from free education, you can opt for affordable commercial education at an average €2000 per year.
Several international schools across the country also offer prestigious programs such as International Baccalaureate (I.B.) or the British GCSE and GCE examination systems.
Ease of Doing Business
The steady and flourishing economy, strategic geographical location, and strong ties with the European Union make Portugal a center of attraction for foreign investors. Furthermore, these attributes are also favorable for ease of doing business. Entrepreneurs can easily raise a company by following simple steps and filling a few documents.
Taxation
Any individual who wants to earn in Portugal must pay taxes according to the Portuguese tax system. It consists of both state and local taxes levied on income, expenditure, and property ownership.
Foreigners can easily register as a tax payees by completing a form and submitting it to their local tax office.
Summary
Undoubtedly, Portugal is the most suitable country in Europe to earn, raise a family, and retire. The strong economy, low crime rate, good climate, and well-established education and healthcare are some of the reasons to move to Portugal. Fortunately, the Portugal Golden Visa is there to help foreigner move to this beautiful country through a lump sum investment.
You can consult a professional immigration agency to learn more about this program. It not only helps you understand the basics but also helps you sail through the process smoothly.
