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I moved here from UK mainly because of Brexit, attractive tax regime helped, also more English spoken than in Spain, more Brit friendly than Spain (not so many
by garyclarke27 8y ago
I moved here from UK mainly because of Brexit, attractive tax regime helped, also more English spoken than in Spain, more Brit friendly than Spain (not so many drunken UK hooligans), combination of stunning beaches and a safe large City like Lisbon is quite rare, Athens (basket case economy), Barcelona( v high crime rate). Also Great wine food and fantastic infrastructure, only spoiled by insane car & energy prices and totally inept drivers.
Foreign sourced income is easy to get tax free for 10 years via dividends, local income tax is 20% but social costs still high to employ software engineers. Golden Visa also attracted me in case UK crashes out no deal, passport only requires €500k invested in property.
Lisbon Cascais is booming because so many foreigners moving here and spending shit loads of cash on property, renovations furniture, services, schools etc, this has boosted the economy far more than Tourism increase, this also pays a lot of property related taxes and energy taxes and VAT 23%, so for the first time in donkeys years Portugal managed to balance the books last year.
Many very rich successful entrepreneurs and professionals - huge numbers from Brazil, many Scandinavians, not as many Brits as expected (but now increasing), I was also surprised by how many US and Polish expats I have met living here.