2023-11-27 05:50:00
According to figures published in Le Vif, even the country’s capital, Lisbon offers a cost of living 30% lower than that of Brussels and 45% lower than that of London, for example. In terms of taxation, a system allowed expatriates to pay no (or almost no) tax once settled there. A system which should end in the coming months is in all a desire of the government in place, but the details of which we do not yet know.
End of the tax advantage for the purchase of a second home
And if we have observed an explosion in expatriations since Covid-19, it is not only for purchasing power and the sun. The security aspect also seems to play a role. In 2023, the Global Peace Index ranking places Portugal in seventh place among the safest countries in the world. Life is more peaceful there, and we can imagine that the management of the health crisis – when Portugal was one of the least “contaminated” countries in Europe – has remained in the memories of expatriates, often pensioners.
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