Us election in 2016 generated a wave of transformations in the U.S., leading many Americans to consider living outside the country. Today, in 2024, presidence once again, the scenario tends to repeat itself. Searches for immigration to Portugal have increased, indicating that many Americans are considering this option in response to the political changes in their country.
Portugal stands out as a welcoming destination, especially for those seeking stability and quality of life. In recent years, a series of factors, such as the search for safety and tranquility, have made Portugal increasingly attractive. Additionally, the country offers many advantages for foreigners, including an accessible healthcare system, mild climate, security, and the possibility of residency through visas like the D7 visa for retirees and individuals with passive income.
The favorable dollar-euro exchange rate and quality of life in Portugal
The exchange rate between the dollar and the euro is another factor that encourages Americans to move to Portugal. Currently, the purchasing power of Americans in the European country is considerable, allowing them to achieve a higher quality of life at a lower cost. For example, while in the United States a full meal at a good restaurant costs around $40, in Portugal, the same experience might cost about €20 (featuring natural and fresh ingredients with minimal processing). Additionally, rent and monthly expenses are generally significantly lower. This difference provides many Americans the opportunity to live more comfortably in Portugal with access to quality services, enjoying a lifestyle that would be financially more demanding in the U.S. It’s common to hear Americans say, “I wouldn’t have this life or live in such a nice neighborhood back home on my retirement income.”
The growth of the American community in Portugal
Since the 2016 election, the number of Americans living in Portugal has increased significantly. Today, it’s estimated that over 10,000 Americans reside in the country, primarily concentrated in Lisbon, Porto, and the Algarve. Each of these regions attracts different profiles of Americans. Lisbon, with its urban and historic charm, is ideal for young professionals and digital entrepreneurs, as well as for retirees. The city is accustomed to English speakers and doesn’t give a hard time to foreigners. Porto, with a lower cost of living and an authentic atmosphere, attracts those looking for a richer cultural experience. The Algarve, in turn, is the favorite destination of retired Americans, with stunning beaches and a relaxed lifestyle.
How the American community adapts to a new country
For most Americans, adapting to the country has been a positive experience. Many mention the challenge of learning Portuguese, but the support and friendliness of the Portuguese people, along with the use of English, help on a day-to-day basis. American expatriate groups offer support, assisting with matters like housing, local bureaucracy, and cultural adaptation.
Portuguese hospitality makes Americans feel welcome and secure. Compared to the U.S., the cost of living in Portugal is advantageous, especially when it comes to healthcare and housing. The Portuguese real estate market is another highlight, offering good investment opportunities and legal security.
Why Portugal remains a good choice?
Portugal is one of the safest and most welcoming countries in Europe, valuing peace and hospitality. In addition to the mild climate and relaxed lifestyle, Portugal offers proximity to other European countries, allowing for travel and access to a rich cultural diversity. Many Americans find in Portugal a positive break from the fast-paced lifestyle of the U.S., enjoying sunny afternoons, outdoor cafés, and local markets.
One of the main attractions for Americans moving to Portugal is the difference in healthcare systems. In Portugal, the public system offers accessible, high-quality care to all residents at significantly lower costs than in the U.S. Even for those who opt for private health insurance, the costs are much more affordable than American plans. This difference allows many expats in Portugal to access high-quality medical care without the intense financial burden they would face in the United States, where the healthcare system is notoriously expensive and often inaccessible without comprehensive insurance.
Attention to residency requirements and immigration processes
Americans interested in living in Portugal must meet the residency and immigration requirements. Below are the visas most sought after by Americans at our office:
D7 Visa – Passive Income
The D7 Visa is recommended for people who are retired or who have guaranteed monthly income (such as real estate rental and financial investments, for example). The law covers the visa under article 58, paragraph 1 of Law no. 23/2007 of July 4 and article 24(d) of Regulatory Decree no. 84/2007 of November 5. The D7 visa is for obtaining a residence permit and is valid for two entries and for four months, during which the holder must apply to SEF for a residence permit.
Who is it for?
To apply for this visa, you must present documents that prove the origin and continuity of passive income. The monthly amount required by law is at least one minimum wage at the time of the request, but this amount will vary according to your family structure (additional 50% per adult and 30% per child). If you are a non-EU citizen and intend to move to Portugal on your own funding, the D7 Visa is the perfect option.
Benefits
Among the main benefits of the D7 Portugal Visa are: free entry and movement within the Schengen Area; the possibility to live, work, and study in Portugal; tax advantages through NHR (Non-Habitual Resident); access to the Portuguese healthcare system; fast visa processing; and eligibility for the entire family.
Requirements
The main document to be presented when applying for this visa is proof of the monthly passive income required according to your case. Additionally, documents such as:
· Passport
· Proof of income
· Health Insurance
· Proof of accommodation
· NIF
· Police report (FBI)
· And others
Digital Nomad visa for Portugal
The Portuguese Government recently made significant changes to the Immigration Law. One of these changes was the introduction of a new visa for Digital Nomads.
The remote work model is already a global reality. The last pandemic accelerated this model, and digital nomads, once rare, have increased in numbers. According to FlexJobs, 76% of North American workers prefer to work outside the office. Moreover, 86% of workers interviewed by SurePayRoll said they achieve “maximum productivity” when working alone. Most managers report that their remote-working employees increase productivity.
Digital nomads can choose where to live, as remote work also brings freedom of location. When deciding where to live, Portugal can be very attractive. The warm climate and generally low cost of living make Portugal an ideal spot for a change. But to obtain work authorization, which visa should digital nomads choose?
Digital Nomad Visa
To apply for this visa as a remote worker, specific documents are required depending on your work status.
If you’re self-employed, the following documents are necessary:
– The Articles of Association (if you have a registered company)
– Contract for services provided
– Document showing services provided to one or more entities
If you work for a company, you’ll need to present:
– Work contract
– Letter from the entity allowing you to work remotely
Additionally, the applicant needs to present:
– Proof of average monthly income earned over the last three months equivalent to four minimum wages.
– Document that confirms fiscal residence
– Additional personal documents
The choice of visa depends on your work or income status. If you’re self-employed, like a freelancer, and don’t want to open a company in Portugal to work abroad, the Digital Nomad Visa is recommended. If you live on passive income, such as a pension or rental income, the D7 Visa is likely the best option.
Other visas are possible depending on your situation. Schedule a consultation with one of our attorneys to understand the best visa for your case.
Conclusion
With the 2024 election, the search for stability and quality of life makes Portugal an increasingly attractive option for Americans. Portugal stands out as a safe and welcoming refuge, offering foreigners not only a new address but also a peaceful life in a country with rich culture and beautiful landscapes.
For those looking to settle in Portugal, specialized guidance is essential to understand the immigration processes and ensure a smooth transition. The land of fado, wines, and blue tiles welcome those seeking a new beginning on European soil.
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