Located in southwestern Europe on the Iberian Peninsula, Portugal offers the best Quality of life in the world, according to the Expat Insider 2019 report. The country is strategically located at a meeting point between three continents – Europe, Africa, and North America. Therefore, Portugal is central to major international routes.

If you are a business person who frequently travels across the globe, attending conferences and meetings, living in Portugal will connect you easily and fast with many destinations. That is one of the reasons many Golden Visa investors choose Portugal as their new home. Read more about this beautiful European country to discover other reasons why Portugal is so popular among investors.

Key information about Portugal

Portugal has around 2,500 to 3,200 hours of sunshine a year, an average of 4-6 hrs in winter, and 10-12 hrs in the summer. (Min: 8 °C – Max: 25-28 °C)

Portugal ranks 12th in the best public health systems in the world, ahead of high developed countries like the United Kingdom, Germany, or Sweden, (Canada 30th and USA 37th). Portuguese among the world’s healthiest people.

Porto and Lisbon are two cities among Best Destinations in Europe, Best Destination for retired people from the EU to move to live here. The cost of Living cheaper than most European countries.

Portugal is a sprawling hub for food lovers, artists, tourists, and adventure seekers. With vibrant Lisbon and charming Porto, along with a total of 15 UNESCO World Heritage sites, there is more than enough beauty for locals, tourists, and migrants.

It was ranked the 16th globally. Free studying until 18 years old. Most English fluency compared with France, Italy, Spain, and other European nations. There are more than 300 higher education institutions in Portugal, 7 of which are ranked among the top 1000 in the world.

According to an index produced annually by the International Air Transport Association (IATA), Portugal ranks 6th among all countries in the world for which citizens can travel visa-free. As of the 2020 Henley & Partners Passport Index, based on data from the IATA, Portugal citizens have visa-free access to 186 destinations.

  • Official nameRepública Portuguesa

  • Population: 10.4 million

  • Principal cities: Lisbon (capital) and Porto

  • Quality of life: Ranked 1st in the Quality of Life Index (Expat Insider 2019 report)

  • Top Expatriate Destinations: Top 3 in the Expat Insider 2019 report

  • Official languages: Portuguese (Mirandese is an officially recognized regional language)

  • World Safety Index: Top 3 in the Global Peace Index (GPI) in 2020

  • World Economy Competitiveness Index: 34/141

  • Global Passport Power Rank: 3rd most powerful passport (Passport Index 2020)

  • Currency: Euro (EUR, €)

  • Time zone: UTC (UTC+1 in the Azores)

  • Climate: temperate maritime

  • Country calling code: +351

Portugal and the European Union

Portugal is a member of the European Union, the Schengen Area, and the Eurozone countries. It is home to 10 main ports and six airports, as well as one of Europe’s most developed road networks.
The cost of living in Portugal is among the lowest in Western Europe, on average 30 percent lower than in any other country in the region. Even in comparison to Latin American countries like Panama in some cases. A retired couple could live here comfortably but modestly on a budget of as little as $1,500 per month. With a budget of $2,000 per month or more, you could enjoy a fully appointed lifestyle in the heart of the Old World.

Portugal Political System

Portugal is a republic with a semi-presidential representative democracy. The Portuguese monarchy was abolished on 5 October 1910, Portugal’s constitution forbids changes to its republican way of government.
Chief of state and commander in chief of the armed forces is the president; an absolute majority vote elects him through a two-round system. The Head of government is the prime minister; the president appoints him. Portugal has a multi-party system. Members of the Portuguese Assembly are elected through a closed-list proportional representation system.

Portugal Economy

Portugal’s economic freedom score is 63.4, making its economy the 72nd freest in the 2018 Index. Its overall score has increased by 0.8 points, led by significant improvements in scores for the fiscal health and government spending indicators that offset declines in property rights and business freedom. Portugal is ranked 35th among 44 countries in the Europe region. Its overall score is below the regional average but above the world average.

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