The country is attracting foreign investors and migrants thanks to its perceived open attitude to foreigners and a low crime rate.

“I wouldn’t dream of doing it back home,” said the Brazilian businessman, who was robbed and assaulted several times while living in São Paulo. “In Lisbon, you don’t have to keep looking over your shoulder.” Says Eduardo Migliorelli decided to move his family to Portugal the evening he discovered he could walk the few hundred meters from a restaurant to his hotel without fear of being attacked.

“Portugal is the most open, tolerant and liberal society I have ever lived in,” said Chitra Stern, a Singaporean of Indian descent who moved to the Algarve in the south of the country in 2001 to look for business opportunities.

Itay Kastel, an Israeli, moved with his family to Portugal in 2016 to expand the property business he had been running for 10 years in Angola. “We’re really happy with our decision. The atmosphere here is embracing and helpful,” he said.

Andy Yacoub, a Londoner, chose Portugal to start a new life with his Mexican wife and young son, obtained Portuguese residence permits for the family within a few weeks and found local banks happy to lend on his existing properties so he could expand his portfolio. “In Portugal, you are welcomed into the community,” he said. “We feel at home here.”

Watch the full article


“It was a chance to live in a tax haven that isn’t an island in the Caribbean,”

“We’re in Europe, in a country that has been going through a revival over the last few years.”

Watch the full article


What is the future for European Golden Visas?


Lisbon, 14th April 2019

Since the start of 2020, there have been discussions in European circles on changes to the golden visa legislation. This European Commission Press Release and this article in the The Guardian were both published on the 23rd of January of this year.

There are two schools of thought, on opposing sides of the political spectrum:

On the one hand, you have groups that argue that these schemes can pose a threat to EU security and make it easier for money laundering and tax evasion schemes, they cite cases of Russian oligarchs and their families acquiring residence in the EU. This kind of criticism of the golden visa programmes is popular in the liberal press.

On the other hand, commentary from parties further to the right of the political spectrum, primarily defend economic values and hold up the numbers as evidence of the positive impact golden visas are having on the national economies of countries which have adhered to the scheme. The investment achieved through these golden visa programmes is not negligible. For those countries, which have adopted these programmes, the investments, both direct and marginal, have become an important source of revenue.

Since 1994, nine European Union countries have adopted legislation for golden visa programmes.

The question on everyone’s minds is: Is Lisbon’s real estate market in a bubble?

Despite the indisputable prestige of PwC, looking through the 92 pages of this report will not give you an answer to this question. Let’s not forget that the 800 professionals interviewed for this survey work in real estate, and real estate companies don’t usually talk about bubbles in the market, especially when they are talking about products they themselves are selling.

The reality is that the price per square foot has increased substantially in the last years, but Lisbon’s market is not really comparable with the other 9 cities in the top ten.
And let us not forget that Lisbon is a small city, central Lisbon is even smaller, so with less on offer prices will tend to go up and not down…something we have known since the 19th Century, thanks to David Ricardo’s Law of Rent.

The question shouldn’t be viewed from the price per square foot, but more from the value of the investment as a whole. A property selling for a higher cost per sq foot, can be seen as an excellent financial investment (location, quality construction, liquidity etc), and the exact opposite can be true too.

At the end of the day, the key, as in other markets, is being able to distinguish between opportunity and opportunists. How do you do that? It is always wise to get some impartial advice from local specialists, who above all look out for the client’s interests. They are impartial because they do not work for a real estate agency and their top priority is to leave their clients feeling that their advice was worth it.

And this is exactly what  GETiN Relocation Services has on offer for you: Professional Advice. We can help you with the important stuff like explaining to you all the different areas of the city, we can provide you with an impartial study on a property search, we can work with the best legal partners to ensure you get your Visa and Immigration papers in order, we can offer practical financial advice and finally, we can help you settle into your new home.

With a large network of experienced consultants in the Portuguese market, analysts and project managers, GETiN can help business and private clients with their long-term and short-term relocation projects.

We pride ourselves in offering our clients a personalized service, with total integrity and transparency, to achieve reliable solutions.

 If you wish for more information, please contact us.

Duarte Jardine

 

 

 

Copyright © 2018 GETiNPORTUGAL®, All rights reserved.
This Newsletter concerning the processing of personal data and the protection of privacy in the electronic communications sector (Directive on privacy and

 electronic communications) according with DIRECTIVE 2002/58/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 July 2002

Contacts :
GETiN- Relocation Services, Av. Sidónio Pais, 26-R/C Esq. 1050-215 Lisboa Portugal


Investing in real Estate in Portugal Good idea or not ?


Lisbon, 27th November 2018

European Trends

According to, Emerging Trends in Real Estate Europe 2019, Lisbon’s real estate market has taken the lead, moving up from 10th place to 1st. European cities were ranked according to their overall investment and development prospects. The annual report published jointly by PwC and the Urban Land Institute (ULI) is based on the opinions of over 800 real estate professionals in Europe, including investors, developers, lenders and advisors.

Interviewees emphasized Lisbon’s “quality of life” and “positive” leadership as its main attractions. Lisbon has been grouped with other smaller European cities into the new category called the “risking stars”. The top ten European cities, expected to do well in 2019 are a mix of smaller new cities like Lisbon and larger more established markets such as Berlin, placed in 2nd, followed by Frankfurt, Hamburg and Munich ranked five, seven and ten respectively. Madrid, Amsterdam, Vienna and Dublin are all amongst the top 10 and are expected to fare well in rental growth.

The traditionally stronger European markets, seen as peak markets, are less popular as they are seen as entering an end-cylce. The focus of investment is now moving towards smaller more dynamic cities. Portugal’s economy is growing at a healthy rate and Lisbon has become an international destination for companies, investors and tourists. Its high quality of life, its potential for attracting innovation and talent are also strong factors contributing to its positive evaluation.

Despite continued investment and demand for its commercial real estate remaining strong, London’s market is overshadowed by Brexit affecting its short-term prospects, with 70% of Europe’s senior professionals believing that the UK’s capacity to attract international talent will fall after the March 2019 deadline.

One of the main barriers to investment continues to be the availability of suitable assets as capital continues to flow into Europe, especially driven by Asia which has shown great interest in European cities. This is putting pressure on the core end of the market with 70% of survey respondents agreeing that prime assets are over-priced. Meanwhile, 28% of respondents believe that the amount of available equity for new investment will continue to grow from last year’s, despite particularly high confidence in the 2018 market.

The growing influence of social value alongside the financial returns means that the industry is moving towards using a wider range of non-financial measures to assess the value of real estate businesses. Non-financial metrics are thus increasingly important in measuring the financial returns and satisfaction levels for an investor.

The question on everyone’s minds is: Is Lisbon’s real estate market in a bubble?

Despite the indisputable prestige of PwC, looking through the 92 pages of this report will not give you an answer to this question. Let’s not forget that the 800 professionals interviewed for this survey work in real estate, and real estate companies don’t usually talk about bubbles in the market, especially when they are talking about products they themselves are selling.

The reality is that the price per square foot has increased substantially in the last years, but Lisbon’s market is not really comparable with the other 9 cities in the top ten.
And let us not forget that Lisbon is a small city, central Lisbon is even smaller, so with less on offer prices will tend to go up and not down…something we have known since the 19th Century, thanks to David Ricardo’s Law of Rent.

The question shouldn’t be viewed from the price per square foot, but more from the value of the investment as a whole. A property selling for a higher cost per sq foot, can be seen as an excellent financial investment (location, quality construction, liquidity etc), and the exact opposite can be true too.

At the end of the day, the key, as in other markets, is being able to distinguish between opportunity and opportunists. How do you do that? It is always wise to get some impartial advice from local specialists, who above all look out for the client’s interests. They are impartial because they do not work for a real estate agency and their top priority is to leave their clients feeling that their advice was worth it.

And this is exactly what  GETiN Relocation Services has on offer for you: Professional Advice. We can help you with the important stuff like explaining to you all the different areas of the city, we can provide you with an impartial study on a property search, we can work with the best legal partners to ensure you get your Visa and Immigration papers in order, we can offer practical financial advice and finally, we can help you settle into your new home.

With a large network of experienced consultants in the Portuguese market, analysts and project managers, GETiN can help business and private clients with their long-term and short-term relocation projects.

We pride ourselves in offering our clients a personalized service, with total integrity and transparency, to achieve reliable solutions.

 If you wish for more information, please contact us.

Duarte Jardine

 

 

 

Copyright © 2018 GETiNPORTUGAL®, All rights reserved.
This Newsletter concerning the processing of personal data and the protection of privacy in the electronic communications sector (Directive on privacy and

 electronic communications) according with DIRECTIVE 2002/58/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 July 2002

Contacts :
GETiN- Relocation Services, Av. Sidónio Pais, 26-R/C Esq. 1050-215 Lisboa Portugal


Portugal a Peaceful Country


Lisbon, 10 October 2018

In 2018 the Global Peace Index (GPI) classified Portugal as the 4th safest country in the world.
Although it went down a place from 3rd in 2017 to 4th in 2018, having been overtaken by Austria, Portugal’s improvements have been significant. Note that in 2014 it had been classified in 18th place.
 
Portugal’s progress in the last few years are largely due to an improvement in political stability. Notably, its recovery from the financial crisis of 2010-2014 has led to more political-economic stability. In December 2017 its unemployment figures fell to a 13-year low, of 8%. In fact, unemployment has been falling constantly since its high point in 2013, in the midst of the financial crisis. Portugal’s 2018 ranking in the Global Peace Index is due to the fact that 65% of its indicator results have remained unchanged
 
In global rankings, Portugal finds itself in the top places six. In the last two years, it registered its best improvements in indicators of violence and political instability, reflecting its steady improvements in political stability after a process of economic and financial adjustments in coordination with the European Union and the International Monetary Fund.
 
In the section, Domestic and International Conflicts there were no downward changes, although some were noted in the State of Militarization.  
 
Iceland maintained its first place as the safest country, a position it has maintained since 2008. New Zealand, Austria, Portugaland Denmark are the first 5 most peaceful countries.
 
Europe is the most peaceful region in the world but has continued its downward trend, for the third consecutive year. This deterioration has been registered in all three categories (1. Ongoing domestic and international conflicts; 2. Societal safety and security; 3. State of militarization) and in eleven indicators, especially in internal conflicts and relations with neighboring countries. For the first time in the history of the index, a Western European country experienced one of the five largest deteriorations, with Spain falling 10 places in the rankings to 30th, owing to internal political tensions and an increase in the impact of terrorism.
 
The report finds that peacefulness has a considerable impact on macroeconomic performance. In the last 70 years, per capita growth has been three times higher in highly peaceful countries when compared to countries with low levels of peace. Also, interest rates are lower and more stable in highly peaceful countries, as is the rate of inflation. Foreign direct investment is also much higher in these countries.

Clearly, we cannot say that Portugal is totally crime free. After all, which society is? What we can take away from the GPI study is that out of the 168 countries that have been analyzed, Portugal has a level of security that most societies would find hard to beat, this peacefulness is reflected in the country’s high quality of life. When you live in Brazil, ranked in place 103, where the levels of violence are always increasing, it is hard to imagine how your adolescent children can go out. Equally, in the USA children go to school every day, knowing that massacres are a regular occurrence in school settings.  Notably, the USA is ranked 143 in the index.

Looking back on data from 2017 we can see that the world became less peaceful and Europe was the region most affected by terrorism, with Turkey, France and Belgium suffering the most from terrorism, compared to the previous year. The indicators related to internal conflicts and relations with neighboring countries are proof of this: Spain was classified in 20th, the UK in 28th and France in 30th position in these particular indicators.
 
The 2018 GPI reveals a world where tensions, conflicts and crisis that have emerged in the last decade have no solution in sight, especially in the Middle East, thus resulting in a gradual fall of sustained peace.
 
It’s important to note, in our globalized world, societies are still looking for values that are essential to the well-being of all, values such as freedom, security and justice, especially in a climate where threats of insecurity, are increasingly felt in modern societies.
 
For the many expats who seek Portugal, safety is a top consideration, coming before other factors like the economy, access to health and education, and hospitality.
 
Many times, getting settled into a new country can involve complicated bureaucracies. It makes sense to get some advice from local specialists, which is exactly what GETiN Relocation Services offers you. Professional advice! We help our clients find homes, whether they want to buy or rent, find schools, we also offer practical financial advice and we make sure you settle in comfortably with minimum fuss.

 If you wish for more information, please contact us.

Duarte Jardine

Copyright © 2018 GETiNPORTUGAL®, All rights reserved.
This Newsletter concerning the processing of personal data and the protection of privacy in the electronic communications sector (Directive on privacy and
 electronic communications) according with DIRECTIVE 2002/58/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 July 2002

Contacts :
GETiN- Relocation Services, Av. Sidónio Pais, 26-R/C Esq. 1050-215 Lisboa Portugal


With its Manuelin architecture, fado tunes, verdant countryside populated by vineyards, wild coastlines whipped by the Atlantic, it takes only a few hours to reach Paris, the star destination. Colorful alleys of Porto with the sublime beaches of Algarve, Vogue.fr travels this country with disarming charm and reveals its best addresses by region. So many reasons to go for a ride this summer …

Watch the full article

 


Golden Visas and Other Stories


An increasing number of foreigners want to come and live in Portugal. They come for many reasons: the climate, the friendliness of local people and above all the encouraging tax incentives.

In 2012, the Portuguese government introduced a new measure known as ARI, the Resident Permit for Investment. This permit, also known as the Golden Visa, grants foreign investors a visa waiver in exchange for making an investment in Portugal.

Sun, sea, a good standard of living, a good health system, good housing and above all great tax incentives. Portugal’s potential is known all over the world and many foreigners have chosen this country as their home, especially after more recently, the government simplified the rules for the acquisition of a Golden Visa.

Most foreigners are attracted to Portugal because of the Golden Visa programme and the potential it offers to invest and live here. Looking ahead, Portugal clearly wants to remain competitive and enticing to all foreign investors.

Access to the EU’s market and to the Schengen Space is an enticement for potential Golden Visa holders. The promise of European wide markets and easy movement of people and goods, within the EU borders, attracts investors.

Apart from this, holders of the Golden Visa can also benefit from fiscal advantages under the RNH (non-habitual residents) regime. Please see our previous newsletter, “Portugal – A New Offshore Tax Heaven”, for more information on this regime.

In 2014, Portugal’s tax authority, decided to make changes to the Golden Visa regime by cutting red tape and simplifying it, so that providing proof of previous residency and tax returns (Proof of Tax and Residence), is no longer a requirement. Currently an applicant applying for a Golden Visa has only to prove that he/she has no outstanding legal issues dating back 5 years.

These are not the only benefits of this fiscal regime. One of ARI’s most favourable points is the fact that holders of the Golden Visa – non-EU citizens – are entitled to bring their families to Portugal, acquire a permanent residency after five years and Portuguese citizenship after six.

How does this compare with legislation in other European countries?

Residency incentives for foreign investors are not peculiar to Portugal; other countries such as Ireland, France, Cyprus, Greece and Spain offer comparative enticements.

Ireland, for example, offers Irish residency to applicants who satisfy one of the following conditions: a € 500,000.00 (five-hundred thousand Euros) investment in a government project, a € 1,000,000.00 (one million Euros) investment in a local business venture, or a € 1,000,000.00 investment, divided in half between the purchase of a property and government bonds.

A similar visa in France, can last you 10 years, and can be earned by anyone who makes an investment of € 10,000,000.00 (ten million Euros) or creates/saves over 50 jobs in France, all this providing you are not a national of the following nations: Switzerland, Algeria or any EU countries.

Cyprus is notable for requiring a lower investment, € 300,000.00 (three hundred thousand Euros) and visa holders can benefit from visa-free travel all over the EU. Similarly, Greece requires an investment of € 300,000.00 (three hundred thousand Euros) for this type of visa, but there is no guarantee of citizenship at the end.

Compared to those in other EU countries, Portugal’s Golden Visa programme is the easiest to apply for and the most rewarding.

As in Portugal, Spain also offers residential visas to foreigners buying property with a price tag of more than € 500,000.00 (five-hundred thousand Euros). Visas are also available for people buying over € 2,000,000.00 (two million Euros) worth of government debt. This last option is not available in Portugal.

Number-crunching

From its inception, the ARI/Golden Visa regime has granted a total of 5,553 visas: 2 in 2012, 494 in 2013, 1,526 in 2014, 766 in 2015, 1,414 in 2016 and 1,351 in 2017.

Of this grand total of 5,553 visas the great majority have been granted to individuals buying properties, 5,243 visas. A further 84 were granted to individuals embarking on urban renewal projects, 302 applicants moved capital into Portugal and 8 guaranteed the creation of a minimum of 10 jobs.

Chinese nationals have been granted the largest number of Golden Visas (3,588 up until December 2017), followed by Brazil with 473 visas granted, South Africa (218), Russia (195) and Lebanon (108).

Since 2013, 9,315 resident visas have been granted to family members: 576 in 2013; 2.395 in 2014; 1.322 in 2015; 2.344 in 2016 and 2.678 in 2017.

Set up with the aim of attracting overseas investment to Portugal, this visa programme has so far been successful in attracting close to 3.5 million Euros to Portugal.

Some Practical Issues

Most individuals, 95%, have acquired the Golden Visa via the purchase of property in Portugal. This has been a boost for the real estate market, especially in major cities like Lisbon and Oporto.

Consequently, Golden Visa applicants are seen as valuable clients by real estate agencies and this is clear from browsing agencies’ websites that publish information directed exclusively at this market.

All the major international real estate agencies are present in Portugal as well as many locally grown agencies. All offer professional guidance to their clients with the warmth and friendliness typical of the way Portuguese people welcome foreigners.

However, for all their good intentions, a real estate agency is only as good as the properties it has on offer and unfortunately this means that many Golden Visa hopefuls have ended up buying properties which are less than prime and not the best opportunities on the market.

Clearly this undesirable result can be avoided if you are able to do some extensive research online and if you are prepared to visit many different properties, but time is money and not everyone has the luxury of spending many hours researching, what is to them a foreign and unknown property market.

This may feel like an exaggeration, but in truth for a British person places like Palmela, Santo Estevão and Alfragide are just a point on a map, just as Surrey, St Albans and Swindon are for a Portuguese person.

Many individuals will resort to their legal representatives to get this sort of advice and to carry out other visa related tasks. Whilst being the right person to advise you on the more difficult aspects of the law in the Portugal and help you with the necessary contracts to buy a property in Portugal, is it really worth paying a solicitor to trawl through property websites, or even to stand in line for hours at an agency for the Portuguese Immigration and Border Services (SEF) to get a your paperwork stamped?

Summing up the benefits for foreign investors in Portugal

  • Acquire a residential visa
  • Live and work in Portugal, whilst being allowed to maintain residency in their country of origin.
  • Move around the Schengen Space with no need for visas
  • Bring their families to live and work in Portugal
  • Acquire permanent residence rights after 5 years
  • Acquire Portuguese citizenship after 6 years.

So which is the best way to proceed?

A sensible way to proceed would be to rely on specialist local advice and reach out to expert locals, who have your best interests at heart, who will work for a fair price and who do not stand to gain from any property you decide to purchase.

This is precisely what is on offer at GETiN Relocation Services: Independent, professional advice! We can help you become acquainted with the areas you are interested in investing in and quickly put together an independent study of the housing market in these areas, we can provide you with expert legal advice on all issues pertaining to your visa and your immigration, through our partnership with a reputable legal firm, we can give you expert financial advice and we can help you settle into your new home.

 If you wish for more information, please contact us.

Duarte Jardine                                           António Vaz Guedes

duartejardine@getin.pt                          antoniovazguedes@getin.pt

 

 

 

Copyright © 2018 GETiNPORTUGAL®, All rights reserved.
This Newsletter concerning the processing of personal data and the protection of privacy in the electronic communications sector (Directive on privacy and

 electronic communications) according with DIRECTIVE 2002/58/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 July 2002

Contacts :
GETiN- Relocation Services, Av. Sidónio Pais, 26-R/C Esq. 1050-215 Lisboa Portugal


PORTUGAL The Choice for a quality life


What Expats Think About Portugal

Today, there are an estimated 56 or 57 million expatriates worldwide, and the term “expat” is no longer limited to corporate assignees relocating from a company’s HQ.

And yes, it’s a fact , Portugal became appealing and trendy, but this time it is not the opinion of a few reporters who only enjoy sun and good food.

The findings emerge in the Expat Insider 2017 Survey, one of the largest surveys worldwide. With a ranking of 65 destinations is based on how these countries were rated by their expat residents. Its based in more than 12,500 respondents representing 166 nationalities and living in 188 countries or territories answered questions, providing unique insights into what it means to be an expat in 2017.

This year the Quality of Life Index features another breakout star: Portugal is one of the “biggest winners”, having managed to improve its overall position by 23 places and taking the top spot in this index.

In this survey Portugal as achived premium scores in some of the most important categories, such as peacefulness (1th); Leisure Options ( 1th), Personal Hapiness (1th); Feeling Welcome; Friendliness (1th);

Feeling Welcome Abroad chapter, with topicis such: I’m feeling at home in the local culture, It’s easy to settle down here, Its easy to get used to the local culture, Portugal get the 1th place between the 65 countries included in the  Expat Insider 2017 Survey.

Living the Good Life in Portugal

Portugal ranks 5th out of 65 countries in 2017, climbing an impressive 23 places. The Mediterranean nation mostly improved in the Quality of Life Index, where it makes it to first place, as well as the Ease of Settling In Index (4th place). Generally speaking, 93% are satisfied with their life abroad in Portugal and 29% even say that they are very happy with this aspect.

Portugal has improved across the board in the Quality of Life Index. Personal happiness had dropped in 2016 but shows significant improvements in 2017, landing the country in third place for this subcategory. In fact, 89% are generally happy with their life, while only 77% gave this factor a positive rating in 2016. When it comes to romance, expats in Portugal also have very little to complain about: 95% are generally satisfied with their relationship, compared to 76% in 2016.

According to survey respondents, the political stability in Portugal has vastly improved, contributing to the strong ranking in the Safety & Security subcategory: one third (33%) rate this factor as very good, compared to only 11% in 2016 — a positive perception that seems to be shared by the local population. While the results for personal safety were already well above the global average in 2016, 95% rate this factor positively in 2017 — an improvement of six percentage points..

Portugal is also number one when it comes to friendliness and feeling welcome. In fact, 88% generally agree that it’s easy to settle down in this country, while only 75% gave this factor a positive rating in 2016. One Brazilian expat appreciates the “kind people, nice weather and food, as well as the beautiful places to visit” in Portugal.

In addition, 89% find it easy to get used to the local culture in Portugal, compared to 74% in 2016. The general friendliness of the population (92%) and the welcoming attitude toward foreign residents (94%) are other factors which have significantly improved (87% and 82% positive ratings respectively in 2016).

EUROPE Portugal Spain Italy France Ireland Switzerland Germany Austria Denmark Sweden Russia
Quality of Life 1 3 34 21 50 8 10 7 12 14 45
Ease of Settling 4 14 41 53 20 61 56 64 65 49 54
Working Abroad 53 52 64 40 26 13 7 19 9 10 57
Family Life 8 38 15 33 27 22 11 4 2 25
Personal Life 28 41 63 52 60 26 33 44 56 50 22
Cost of Living 4 7 34 32 52 64 27 32 55 0 33
Overall Rank 5 10 60 38 45 27 23 28 30 22 50

A Gem of a Country: Portugal

Having gained 13 places since the last year Expat Insider 2016 survey, Portugal is not only the second-biggest winner in the Quality of Life Index, but has also made the most significant gains in the overall ranking.

Its popularity among expats — at least when it comes to quality of life — is largely due to its temperate climate and widely available leisure activities. Portugal ranks 2nd out of 65 countries in the Leisure Options subcategory.

Not a single respondent has something negative to say about its climate and weather, which nearly two-thirds (65%) consider excellent, compared to 26% globally. In fact, nine out of ten expats perceived this as a potential benefit before relocating.

Portugal’s good result in the Health & Well-Being subcategory — ninth worldwide — is to some extent thanks to the benefits of nature. Though the country boasts above-average results regarding the affordability and quality of healthcare, its true strength lies in the quality of its environment. Well over nine in ten respondents (94%) rate this positively (worldwide average: 64%).

Lastly, 94% of expats in Portugal are happy with their travel opportunities. However, not quite as many survey respondents are happy with the transport infrastructure: one in eleven (9%) rates this factor very negatively.

In general, plenty of sun and relaxation might contribute to respondents’ general happiness: just 4% voice any dissatisfaction with their new life in Portugal. One respondent summed it up by saying: “This is a gem of a country hiding in plain sight.”

Peacefulness

Portugal doesn’t make it into the top 10 in the Safety & Security subcategory, ranking 11th out of 65. This isn’t a reason to worry: peacefulness is actually the best-rated factor in this category, with an impressive 77% of respondents considering Portugal a very peaceful country — only Finland has slightly better results (78%). Not a single respondent is worried about their personal safety either — it’s lingering concerns about political stability that keep the ranking down.

For a peaceful expat experience, Finland is the number one place to go. An incredible 99% of expats rate the peacefulness positively, causing Finland to jump from 5th place in 2016 to the top spot. Portugal, Norway, Switzerland, and Japan make up the rest of the top 5, with Portugal gaining twelve places compared to 2016, taking second place in 2017. The sunny escape also ranks in the top 5 of the Global Peace Index.

 

AMERICAS + ASIA + OCEANIA Brazil USA Canada UAE Bahrain Taiwan Singapore India China Australia New Zealand
Quality of Life 62 47 13 18 32 2 4 61 52 23 15
Ease of Settling 33 28 23 21 1 19 24 29 62 31 0
Working Abroad 63 28 16 38 3 12 23 49 21 32 2
Family Life 43 36 23 29 10 13 7 39 40 24 14
Personal Life 54 37 47 46 13 14 35 9 6 62 49
Cost of Living 54 41 37 47 28 10 57 17 30 56 48
Overall Rank 62 43 16 26 1 4 9 57 55 34 6

However the study also indicates some areas in which Portugal is not in such good classifications, as is the case of the Labor Area (53th), Career (59th) or Job Security (54th). Also the views on family life did not even put  the country in the first 45 ranked.

Moving house and changing jobs are probably high on most people’s lists two of the most stressful things you can do and trying to do both at the same time can be even more traumatic! But you might have to switch cities or even Countries to keep a job or earn a promotion. So, relocating for work is something you may need to deal with.

Specialized skills and experience are required to manage any kind of relocation effectively. There are a host of different issues, which must be handled professionally.

So, if you want to have a successful relocation in Portugal, here’s what you’ll need to do:

It’s wise to get some advise from local experts and that is exactly what GETiN Relocation Services offer: expert advice! Helping with essentials like Home Search, whether you are buying or renting, School Search, practical financial advice and generally help you Settling in Assistance to your new home.

Specialized skills and experience are required to manage any kind of relocation effectively. There are a host of different issues, which must be handled professionally.

If you want to know more, please contact us!

 

Duarte Jardine                                           António Vaz Guedes

duartejardine@getin.pt                            antoniovazguedes@getin.pt

Copyright © 2016 GETiNPORTUGAL®, All rights reserved.
This Newsletter concerning the processing of personal data and the protection of privacy in the electronic communications sector (Directive on privacy and
 electronic communications) according with DIRECTIVE 2002/58/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 July 2002Contacts :
GETiN- Relocation Services, Av. Sidónio Pais, 26-R/C Esq. 1050-215 Lisboa Portugal


“Where other countries spend a fortune trying to attract “influencers” (shocking term, I know) on press trips to tout their best features and wares, Portugal has had the good fortune that it’s happened organically… “

SEPTEMBER 22, 2017 by Tyler Brûlé

“What’s going on in Lisbon?” asked the Thai gentleman. We were sitting in his boardroom high above Bangkok, a thunderstorm was cracking and blustering beyond the plate glass and other colleagues were settling in. A chic young woman chimed in.

“Yes, Lisbon, we need to go,” she said to everyone and no one in particular. The gentleman’s gaze swung back to me, he raised his eyebrows and smiled. “You’d like to know what’s going on in Lisbon?” I asked. “In what way?”

“In every way,” he said. “Why’s it so hot all of a sudden. I don’t think I particularly like their food. So why are people going?”

“How much time have we got?” I asked, explaining I could spend a lot of time on this as the transformation is not entirely straightforward.

“Go ahead, tell us. And I want to know why the Chinese are going there? Have they decided to colonise it like the Portuguese did with Macau?” he joked.

Lisbon came up a few days later in Melbourne and in Hong Kong last Friday and in Tokyo over drinks on Saturday. “Isn’t it funny how some countries throw a ton of money at CNN to market themselves but never get the cut through,” a colleague said. “And then there’s Portugal and I don’t think I’ve seen one ad promoting the place.”

On Monday evening I was standing atop the curvaceous MAAT museum looking out across Lisbon, considering these questions. The sun was dropping over the Atlantic, aircraft were lining up for approach from the south and as I watched them fall into a line and make their turn for their descent over the city I imagined them all coming from exotic locales from former colonies — Luanda, Maputo and small airfields in Cabo Verde. Along the harbour below, a Maersk container ship was pushing out to sea. What was it carrying? Hundreds of tons of cork for insulating a sound stage in New York? Thousands of pairs of sandals and loafers to line Nordstrom stores across the US?

While many will cite tax-free pensions, the low cost of living and a hotel boom as part of a revolution that has seen thousands of French arrive in search of apartments and many more for easy long weekends, there’s much more to the turnround. As I explained to my Thai associates, much of it has to do with manufacturing and the fact that the Portuguese still make things many of us need. As costs have climbed in Asia, and more European companies have decided to weave sweaters and stitch denim in the EU, Portugal has benefited from high staff turnover and creeping expenses in Vietnam and China. Legions of designers, pattern-cutters, production managers and brand owners who once spent weeks in factories across Asia have now been flying into Porto and Lisbon on day trips and have had a lot to do with creating a buzz about the place.

Where other countries spend a fortune trying to attract “influencers” (shocking term, I know) on press trips to tout their best features and wares, Portugal has had the good fortune that it’s happened organically — Italian designer enjoys a nice lunch in Lisbon after a day in the factory in the countryside, he tells his partner, the partner tells his magazine editor mate, and soon after there’s a glowing story about an interesting new street to sample in Lisbon or hotel to book into in Lagos (Algarve, not Nigeria).

The boom in tourism has come as a huge bonus. A wave of entrepreneurs, chefs and baristas has helped shake off the reputation for stodgy cuisine. And a tradition of craftsmanship has translated into hotels that show off good design and ceramic work.

Being on the edge of Europe has also helped. Lisbon and Porto’s status as “edge” cities has meant they’ve had to fight that little bit harder to be noticed while also having the luxury to look in on Europe and spot the opportunities, rather than being at the centre and feeling complacent. Africa and the Americas feel that little bit closer (because they are) and this has also helped draw investors and visitors.

Perhaps the biggest sign of a turnround is that national carrier TAP has shed the “take another plane” moniker. On Tuesday, I flew to Milan on a new Airbus with considerably more legroom than on my BA flight the day before, USB chargers at every seat and a crew beaming with pride. The same can’t be said for Ryanair and its disgruntled pilots.

Tyler Brûlé is editor-in-chief of Monocle magazine. tyler.brule@ft.com
Photograph: Dreamstime

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“If anything, Lisbon is an unlikely new cultural hotspot. The city is still recovering from the brutal financial crisis that struck Portugal in 2010.

But austerity has also created many of the same conditions that attracted artists and creatives to Berlin in the late noughties, such as cheap rent, food and empty buildings, combined with a population that speaks good English and a strong local art scene.”