October 13, 2024 – Portugal: The New European Hub for Expats
Published Date: 13th Oct, 2024
Portugal offers a growing tech scene, excellent quality of life, and relatively affordable real estate.
Cost of Living:
Monthly expenses range between €1,000 to 2,000.
Utilities cost around €150 to 250 per month.
Rent Prices:
One-bedroom apartments in Lisbon cost between €800 to 1,200 per month.
Smaller cities like Porto or Coimbra offer rents between €500 to 800 per month.
Job Opportunities:
Portugal’s key sectors include IT, Renewable Energy, Tourism, and Finance.
Minimum Financial Commitment:
You will need at least €20,000 to 30,000 for relocation expenses and to get started. Residency & Citizenship:
Residency: Obtainable through the Golden Visa program, which requires a €280,000 property investment or employment.
Citizenship: Possible after five years of residency.
How ALand Can Help: ALand partners with Portuguese legal firms to help you through property investments, visa applications, and finding the best location for your needs.
Date: 13th Oct, 2024
