Portugal is emerging as a premier retirement destination and the newest Blue Zone for healthy aging, according to new insights from luxury real estate firm, Goldcrest. The Lisbon-based independent buyer's agent has seen more than a 20% increase in interest for retirement properties in Portugal over the past year, indicating a rising trend among retirees seeking a better quality of life.
When you’re planning to move to Portugal, your focus will be on Portuguese taxation and when and how you will be taxed there. However, you also need to understand the UK tax residence rules and how they may continue to impact you even after you’ve left the UK.
The prices of luxury houses in Lisbon are growing according to the Knight Frank Global Cities Index in which Lisbon comes in 28th place worldwide.
What does the current Portugal tax landscape look like for UK nationals living in or moving to Portugal? Those arriving from this year onwards will no longer benefit from the non-habitual residence (NHR) regime, but has anything else changed? Is Portugal still an attractive place to live from a tax point of view?

The Portugal 2024 budget introduced one significant tax reform for 2024 – the popular non-habitual residence programme has closed for new applicants. Otherwise, Portuguese taxation remains similar to recent years, as follows.
Will you have to pay Portuguese capital gains tax when selling a property? In Portugal, only half the gain is liable to tax and the main home is generally exempt. Portugal also offers a reinvestment relief for retirement age homeowners investing in savings plans and pensions.
Gerry Fagan has been leading luxury property development companies for more than two decades. The 71-year-old Irishman has a string of successful resorts and golf courses under his belt in Portugal. Now, as he prepares to launch a new product at the Moving to Portugal Show in Dublin on 18th April 2024, Gerry shares his insights into why the western Algarve is the ultimate destination for so many Irish holidaymakers, second home owners, expats and entrepreneurs.
When buying property in Portugal, whether as your main home, holiday home or as an investment, first research and understand what taxes you may have to pay. Here we look at purchase and local property taxes, capital gains tax, wealth tax and inheritance tax.
Portugal’s Non-Habitual Residence (NHR) program, which has been a major draw for foreign investors and retirees moving to the country since it was implemented in 2009, has undergone major changes over the past year and is being phased out for new applicants.

While the original NHR regime offered attractive tax breaks for all non-residents, the 2024 Portuguese budget introduced a modified NHR program, now tailored to attract skilled professionals and individuals in specific sectors. If you're interested in checking your eligibility for the NHR tax program, we've designed a straightforward online test to help you determine if you qualify for the scheme. You can access the test here.
The Greater Lisbon area tops the list of investors, not just due to its status as the capital and financial center but also thanks to a tourist boom. Additionally, the city has become a favorite destination for many digital nomads from abroad who appreciate the lifestyle, relatively low cost of living, and the availability of co-working spaces.
it is always important to review your wealth management each year, but it is even more so if you are finalising a move to Portugal or have recently moved there.

A key reason to review your wealth management is to check it is all up to date. You need to establish whether any changes in tax rules, financial regulations or your own personal circumstances mean you should adjust your arrangements. However, to ensure everything is suitable for your life in Portugal, as well as your needs and goals, your review needs to go beyond this.
The real estate market in Portugal has shown signs of stabilization - and even deceleration in 2023, as demonstrated by data on real estate transactions. The decrease in real estate transactions in 2023, when compared with 2022, is significant, with there being close to 134,000 real estate transactions in 2022, falling to 126,000 sales throughout the year of 2023 (up until the end of November).

Although it is too early to tell if this trend will continue, the number of transactions is a solid point of reference when it comes to taking stock of how the property market is performing. It is also worth bearing in mind that this shift is not universal across the country – or when looking into the differences between high, mid, and lower tiers of the market.
Buying property in Portugal is no longer a route to a "golden visa" giving residency rights but foreigners who want to secure one can still put their money into investment funds, which now anticipate a boom in inflows.

The Portuguese government has tightened the rules after initially saying in February 2023 that it would scrap the golden visa scheme, which has been blamed for exacerbating a housing crisis. It had already sought to redirect property investments from big cities to depopulated areas.
Moving to a new country can be an exciting adventure, but it also comes with its fair share of challenges, especially when it comes to understanding the local healthcare system. For UK nationals relocating to Europe, the S1 form is crucial for ensuring access to state healthcare services. In fact, UK nationals must be able to prove they have medical coverage for their destination to qualify for a visa/residency permit. This means that you will probably need to have private medical insurance in place in the absence of an S1 form before submitting your visa application.
16th January 2024
The Portuguese Chamber of Commerce in the UK, in collaboration with leading Algarve property developer - 'DDM', is delighted to unveil the results of their annual 'Algarve Property Survey', which provides insights into the preferences of potential property buyers in the Algarve region. The survey - completed in the autumn/winter of 2023 -sheds light on the top priorities of the UK buyers who are seeking property in this captivating destination.
In a significant move towards streamlining the immigration process, the Portuguese Parliament has recently (January 2024) approved crucial changes to the nationality law.  This is a positive result for thousands of residents and applicants currently enduring delays in the processing of their residency applications via the country´s immigration department SEF, now known as AIMA.

Migration is often influenced by political and economic factors, conflict, instability, and more recently, the impacts of climate change. The World Migration Day, on 18th December was established to honor the contributions of migrants and recognize their rights, an occasion that aligns with the core values of unity, compassion, and understanding. In the true spirit of the holiday season, migration consultancy experts Global Citizen Solutions joined forces with Portugal based NGO, Lisbon Project, for an all-day event proving free consultation to local community members.
15th December 2023
What will be the tax benefits of living in Portugal after non-habitual residency (NHR) ends? In this article, we take a look at some important considerations for those planning to move or who already live in Portugal, tackling some commonly asked questions surrounding the end of NHR.
The Algarve has long been popular with British retirees. Now, it is attracting a crowd of younger workers - and exciting new developments
Estate planning in Portugal may not be as complex as in some European countries, but if you move to Portugal or buy Portuguese assets you still need to review and adjust your succession arrangements to suit the local regime. Ensure your estate will be distributed according to your wishes and as tax efficiently as possible.
Discover the latest trends on Portugal’s Real Estate Market: A Gem for Expats and Investors
Waiting times have already dropped at Lisbon and Faro airports.
Portugal’s non-habitual residence (NHR) programme will end on 31 December 2023. Prime Minister, Antonio Costa first made the announcement on 2 October and it has now been included in the 2024 Portugal State Budget.
When it comes to financial planning after a move to Portugal, ensuring proper tax management should be a top priority. Doing so will help you to avoid overpaying taxes unnecessarily or paying taxes in the wrong jurisdiction.
A free new guide for expats to healthcare in Portugal – Your Health in Portugal from Global Citizen Solutions (published in partnership with the Portuguese Chamber of Commerce in the UK and its Moving to Portugal shows) – is shining a spotlight on the country’s health credentials. It is also prompting wider discussion about the health-based merits of moving to Portugal.
Many British expatriates living in Portugal maintain savings and investments from the UK. While this inclination is understandable, you should review whether your assets are structured in the most tax-efficient way for your life in Portugal.
The foreign resident population in Portugal increased last year for the 7th consecutive year, totalling 781,915 citizens.
How much Portugal capital gains tax will you be liable for when you sell a property?  Residents are liable to tax on their worldwide property but only on half the gain – 50% is tax free. You may also be eligible for one or both of exemptions available.  
For the first time ever there will be a Michelin Guide solely for Portugal, with the Algarve being chosen to host the first Gala in celebration.
Portugal has long been regarded as a perfect country to retire to, and this claim to fame shows no signs of slowing down. In the 2023 Global Retirement Index, Portugal came up trumps, claiming the top spot due to its sublime climate, low cost of living, and excellent healthcare, amongst many other reasons.  
The Portuguese government issued – after an extended public hearing period – the final draft of its controversial ‘More Housing’ (Mais Habitação) Bill on 30 March, which directly impacts on the country’s Golden Visa (GV) programme.
In the past seven years, Portugal has really geared itself up as the ideal place for businesses.
4 | 7 May – FIL - Lisbon, Portugal
The Portugal Golden Visa may be coming to an end. The announcement by the Portuguese government came at a ministerial meeting on 16 February, where they presented a package of measures in response to the growing concerns around the national housing policy in Portugal. As part of this much wider package of proposed measures to reform Portugal’s housing market, the intention to apparently end the Portugal Golden was presented.
Portugal is the number-one destination in Europe for ease of residency. The Portuguese government is eager for foreign investment, offering a wide range of residency visa options designed to attract different types of people.
It will be another year of challenges, but Portugal is still on the radar. Here are chamber member's Bondstone predictions for 2023.
The region is already attracting remote workers and digital nomads. And a community is sprouting to create a series of structures to welcome, attract and keep them.
The Atlantic town of Nazaré has become a mecca for those brave enough to surf some of Europe’s biggest rollers, and gawping at their feats makes the perfect winter break
More ex-pats than ever are settling in Portugal thanks to its high quality of life, history and excellent education systems. Portugal's educational system has been ranked 24th in the world, according to the 2022 Best Countries for Education Report. Discover more in Global Citizen Solutions International Schools Guide.
Last Thursday (20th of October), the Moving to Portugal Show and Seminars, organised by the Portuguese Chamber of Commerce in the UK, returned to central London at the Pestana Chelsea Bridge Hotel.
Lisbon has just scooped multiple awards at the World Travel Awards 2022.

So, what is it about the Portuguese capital that makes it such a haven for Brits living overseas?
Portugal’s government has announced that important changes to working and student visas for non-EU residents heading for Portugal will begin from November.
Wellness has become increasingly important to second home buyers, according to the new Global Destinations for Second Homes report from Savills.
by Christina Hippisley 24th September 2022
Lisbon has long been a hub for Europe’s tech scene, with its outstanding international connectivity, abundant conference venues and affordability.
Destination Portugal: In the run-up to the next Moving to Portugal Show and Seminars in London on 20th October 2022, Christina Hippisley tells luxury lifestyle magazine Abode2 why Portugal remains so popular as a residential destination.
The Telegraph Online reports on how more people are taking advantage of remote working by relocating somewhere warmer and cheaper.
TLE Chrystal and family recently enjoyed their first visit to the charismatic city of Lisbon where they were invited to stay at Martinhal Lisbon Chiado – Family Apartments. The apartments are an ideal base for a family friendly city break. Read on to discover more.
Christina Hippisley from the Portuguese Chamber of Commerce in the UK explains how foreign investors can also use the programme to make direct investments into fast-growing Portuguese companies.  
If you own property or other assets in Portugal, it pays to be aware of the inheritance rules surrounding any will you make there. Here cross border tax planning specialists and Chamber members Blevins Franks highlight five key areas you need to know about.
Voted Europe's Green Capital in 2020, the city of Lisbon is the perfect example of how investing in sustainable and ecological methods of transport pays off.
28th July 2022
Chamber member Global Citizen Solutions shares key information on Portugal's work visa.
Chamber member Marcos Drummond, from Vic Properties, explains why Portugal is ripe for The Great Wealth Transfer, as parents leave their assets to their Millennial children, turning them into alpha-buyers of property and other wealth preservation items such as investments.
As it’s revealed the royals will be splitting life between Comporta and London, Luciana Bellini delves into what life will be like in the new celebrity hot spot on the Portuguese coast
A recent report by JLL, Portugal’s leading real estate advisors, analyses the senior care home sector in Portugal.
Applications for the so-called 'gold visas' have resumed and several new requests for Investment Residence Permits (ARI) have already been presented, the Portuguese Association of Real Estate Developers and Investors (APPII) announced on Friday, the 17th of June.
Chamber member and Lisbon real estate specialist Jose Cabral analyses why the Lisbon riverside area of Marvila is an excellent long and short term investment
A new report by Get Golden Visa predicts a “golden visa frenzy” as Americans look to work remotely abroad and escape inflation. The data doesn't lie.
by Carolina Maia 10th June 2022
A recent study has revealed the best places in Europe to raise a family, and Portugal has come out on top, making moving to Portugal with kids a popular choice, thanks to the increase in remote working, good international schools and an excellent safety record.
Lisbon’s tech scene is bustling and the city is one of Europe’s fastest-growing tech ecosystems, making a name for itself as Europe’s Silicon Valley.
Retirees are drawn by a low cost of living, healthcare, a sunny climate and tax incentives
by Carolina Maia 25th April 2022
The Cascais Tourism Association has launched a new promotional campaign dedicated to digital nomads, called “It works for you” which features a promotional video that talks about “remote work, combined with leisure and lifestyle”.
In 2022 the Portugal Golden Residence Permit Program tops the Global Residence Program Index, again.

This index— published as part of the 2022 edition of the annual Investment Migration Programs report — offers a systematic analysis and comprehensive benchmarking of the world’s most important residence and citizenship by investment programs, providing the gold standard in this field.

Didi Taihuttu, patriarch of the so-called “Bitcoin Family,” says the family is setting down roots in Portugal, Europe’s ultimate crypto tax haven.
The Interior + Programme, which grants support to workers who decide to move to Portugal’s interior, has been extended to also include foreign citizens who wish to settle in these territories.
by Carolina Maia 27th January 2022
Our Chamber Corporate member Antonio Rosa from Blacktower Financial Management Group in Portugal presents his insight of the major trends on the stock market
Aisha Preece, the founder and owner of OutandBeyond, explains why Portugal is so attractive to digital nomads.
The Best Tourism Villages by UNWTO initiative was launched to advance the role of tourism in safeguarding rural villages, along with their landscapes, natural and cultural diversity, and their local values and activities, including local gastronomy.

The 2021 list includes Portuguese villages of Castelo Rodrigo and Cumeada.
Low-cost carrier Ryanair is set to open a new operational base at Madeira Airport (FNC) in Portugal, involving a $200m investment, in the third quarter of 2022, with around ten new routes will be introduced, with 40 new weekly frequencies.
by Carolina Maia 11th November 2021
EU tax harmonisation – why are the 27 Member States still uncompliant after 10 years?
by Carolina Maia 26th October 2021
‘A man’s culture is essentially the sum of his memories,’ wrote José Manuel Melim Mendes in his bilingual book Memories of Porto Santo and Madeira. If so, the collective mental culture of Madeira island is surely one of kaleidoscopic richness: aquamarine waves, violet hydrangea, emerald forests and purple cumulonimbus.
The readers of Condé Nast Traveller have voted Portugal the Best Country in the World in the magazine’s Readers’ Choice Awards.
Moving abroad is exciting and fun, but it isn’t always sunshine and rainbows.
Pre-movers and people who have recently moved, listen up! In this article, you’ll receive insights and tips for a smooth start and joyful life in Portugal.
There are many reasons people make the move to a foreign country. Whether they choose to stay full-time or part-time, they are motivated to pack things up and make a new start. Having worked with internationals living abroad for over two decades, I’ve seen people make the move because they want to have a new experience, break with the old or – not so common but still valid – they feel a pull.
by Carolina Maia 17th September 2021
Figs on the Funcho runs as a B&B establishment with winding pathways for easy waterside access for kayakers, paddle boarders, wild water swimmers and fishing enthusiasts. A range of painting, walking holiday and cookery packages are on offer. Its idyllic riverside setting overlooking the Barragem do Funcho makes it ideal for large events including weddings and birthday celebrations and with high speed fibre optic, it is perfect for business events or digital nomads who are nature enthusiasts and seek the 'home-from-home’ modern comfort accommodation option.
Our Chamber Corporate member Antonio Rosa from Blacktower Financial Management Group in Portugal answers some typical questions from those thinking of moving their financial and day to day lives to Portugal.
Portugal’s recently released census data shows  that the country has lost 214,286 citizens since 2011.This may not sound like a great deal, but for a country that has been steadily shrinking for years it is a “disaster”, warns TV pundit and former leader of the PSD party Luís Marques Mendes. Unless something changes radically, Portugal is on course for a situation in just a few decades time where the Social Security system will simply break down.
This is the third in a series looking at the rules and tax implications of retiring abroad post-Brexit, including to Spain, France, Portugal, Canada and Australia.
by Namrata Majithia 14th July 2021
Does an obsession with a region and frequent visits constitute us as insiders? I'm not sure! It quickly feels this way, given our adventures and exploration of the country.
In recent years, the Alentejo has captured the world’s attention—an agricultural region that people like to compare to Tuscany, with dusty wide-open landscapes under epic skies that some have likened to African savannas. It’s also rich in history, and home to some of Portugal’s best wines and gastronomy.
by Namrata Majithia 1st July 2021
If you’re in a same-sex relationship and are looking for somewhere new to relocate to, Portugal could be the place for you.
With reduced taxation, excellent  infrastructures, competitive operational costs, safety and quality of life, Madeira is positioned to provide investors with a unique package of benefits, offering a wide range of solutions to enhance the efficiency and performance of various forms of investment.
On the Atlantic coast, Gordon dives into the rich heritage of Portuguese cuisine, influenced by trade routes and its own ingredients’ simple flavors.
Expatriates often prefer to keep UK investments like Premium Bonds, ISAs, savings accounts, bonds and shares, but do they make financial sense once you are a resident in Portugal
Among the cork trees and rolling hills of this vast rural region, you’ll find some of Portugal’s choicest produce, from rich reds and black pork to sumptuous olive oil. Here, we bring you five unique producers to visit when travelling in Alentejo.
Want to buy in the Lisbon region? Check these 1 minute real estate top tips!
by Namrata Majithia 31st March 2021
How to expand your business into Lisbon. Hear from a few experts on the benefits, plus unmissable hotspots!
by Namrata Majithia 22nd March 2021
Each year, hundreds of Brits flock to Portugal, particularly to the Algarve, in search a sunnier life. Many buy properties outright. Others use mortgages to finance their real estate. In this article, we’ll go into the minutiae of the Portuguese lending market and the best way to go about getting a mortgage in Portugal.
by Namrata Majithia 18th March 2021
The impact of Brexit on British homeowners in Portugal who have chosen not to adopt resident status – implications for them and Portugal’s economy.
by Namrata Majithia 11th March 2021
Living in the Algarve for 20 years while having more than 25 years worth of experience in advising expats has helped Gavin Scott to become one of the most well known and respected financial consultants in the Algarve and Portugal.
by Namrata Majithia 10th March 2021
Sometimes, a holiday is just a holiday, but sometimes it’s the start of something else entirely…
by Namrata Majithia 5th March 2021
A New Look for 2021
People thinking about Vilamoura might first and, in all likelihood, only think about the marina and the hotels, bars and restaurants surrounding it. But there is much more...
Contrary to all the post-Brexit ‘scaremongering’ – including high profile stories of Brits being ‘blocked’ from travelling back to homes in southern Europe – Portugal remains wide-open to citizens of its ‘oldest ally’: still offering residencies to those seeking to live outside UK – even when they want to bring their extended family with them.
by Namrata Majithia 5th January 2021
f you’re already living in Portugal, or thinking of moving there permanently, you need to review your estate planning to ensure your legacy will pass to your chosen heirs without an unnecessary tax bill.
Here our Chamber members Blevins Franks (www.blevinsfranks.com) explain more
by Namrata Majithia 31st December 2020
How Michelle from The Nomad Escape is swapping the 9-5 to build a retreat for remote workers in Portugal
‘Work is W​h​e​r​e the Home is’ , and its editor Hayley, are on a mission to inspire remote workers who are curious about relocating. From Ibiza to Lisbon and Marseille to Tbilisi, every other week Hayley delivers interviews with tastemakers, adventurers and the wild-at-hearts who have chosen to live (and work) in some of the most interesting and colourful places in the world.
by Namrata Majithia 1st December 2020
Fancy social distancing in the sun?
Zoe Dare Hall from The Times reports on where to buy property on the Portuguese islands of the Azores
Guardian food writer Kevin Gould so loved the country’s famed shellfish he recently set up his own restaurant in Olhao, the clam capital of the Algarve
by Namrata Majithia 15th November 2020
This is welcome news for wine enthusiasts forced to spend more time at home over the next few weeks and, excitingly, Portuguese wines are the star attraction in Series 3. 
The United Kingdom is no longer a Member of the European Union as from January 31st 2020.

With the entry in force of the Withdrawal Agreement on 01 February 2020, the EU legislation in matter of the free movement of EU citizens is still applicable during a transitional period (until December 31st 2020).
by Namrata Majithia 16th October 2020
Learn more about the perks of remote working in Portugal - from two professionals who’ve already made the move
More than half of Brits would ‘work from anywhere’ in the world as remote working soars due to pandemic.

The Sun newspaper reports on the latest survey of 2,000 adults who are working from home - or from a temporary new home, like Portugal.
Kate Shifman was working as a Director at a large media agency in Manhattan before she relocated to Ericeira, an old fishing town 48 kilometres north of Lisbon...
by Namrata Majithia 14th September 2020
For those of thinking of moving to Portugal, here’s something different to consider.
The Algarve Daily News recently reported on the uplifting story of Portuguese woman Carla Fowler (nee Magalhães Oliveira), who, together with her British husband Simon and their cat Dobby, has just made landfall in Vilamoura, - the very port they departed from 2.5 years ago - after sailing 22,000 nautical miles and visiting 45 countries around the world.
Chamber member José Cabral is a property finder specialising in the Lisbon area. He is also a property writer and commentator (www.ahouseinlisbon.com) with a monthly column in Dinheiro Vivo, Portugal’s well-known weekly economic newspaper and website.
Here he explains how Covid-19 might affect national house prices.
Chamber members Elegant Group, who own the Martinhal brand of luxury family hotels and villas, are hoping to reopen their hotels in July.
Eventually, COVID 19 will be contained, and global markets and economies will recover. But the experience of having lived through this challenging period will leave us with a reinforced and maybe a reinvented understanding of what matters most in life.
by Namrata Majithia 23rd March 2020
Get to know the new rules for investors and immigrants imposed by COVID-19 with this Q&A organized by the immigration department of Chamber Corporate Members Caiado Guerreiro.
by Namrata Majithia 20th February 2020
On January 29, 2020, the European Parliament approved the agreement on the exit of the United Kingdom from the European Union and the European Atomic Energy Community (EURATOM). On January 31, 2020, the agreement entered into force and the United Kingdom left the European Union. However, a transition period was established, lasting until December 31, 2020. In this document, we analyze some of the most relevant aspects of the agreement relating to residence and social security, trade, financial services, intellectual property, jurisdiction, applicable law, insolvency, and taxation.
by Namrata Majithia 4th February 2020
We asked one of our Chamber members, lawyer Cristina Silva Dias from Silva Dias Legal in Lisbon, to answer a  few of the most common questions the Chamber has been receiving since Brexit became a reality on 31st January 2020.
Lisbon is a market in transition. Gone are the days where you can double your investment within two years, regardless of location. But does that mean it’s impossible to find value? No. Buyers just have to be clearer on their objectives from the outset and developers are recognising this shift.
by Namrata Majithia 30th January 2019
Official information that British people moving to and living in Portugal need to know, including EU Exit guidance, residency, healthcare and driving.