Portugal is now moving forward from the easy week-long getaway and idyllic retirement setting and is gradually becoming the global relocation hub for young professionals. Aside from the beautiful architecture and consistent subtropical climate, the city of Lisbon provides affordable living costs and a vibrant nightlife.
If you’re considering moving abroad to Portugal, it’s important to undergo extensive research. This will help you see if the way of life will suit both yourself and relocating employees. This week, our global relocation experts have shared some vital information you need to know.
One of the major appeals of moving abroad to Portugal is the generous tax break that could be offered to you. The NHR (non-habitual resident) scheme provides new residents attractive tax benefits for the first 10 years of residency. You could be offered these benefits if:
- You have not been a tax resident in Portugal within the last 5 years
- Be classed as a Portuguese resident. This means to spend more than 182 days a year in the country.
- Register as a non-habitual resident with the tax authorities.
It’s also important to note that if you’re intending to stay in Portugal for longer than 183 days, you can then become tax eligible.
Visas and documentation
when coming from outside of the EU, i.e. the USA, Australia or Canada, you can stay for up to 90 days without a visa. If you’re only planning to live there for a year, then it is recommended to apply for a temporary residence permit.
If you’re moving abroad to Portugal from an EU country, then you do not need a visa. However, if you’re planning on becoming a resident, you are required to apply for a residency document.
Another major attraction of Portugal is the living costs. You can expect to pay pretty much half of what you would pay living in the UK, US or Australia. For example, monthly transportation passes cost around €35 and a pint of beer roughly costs €1.50.
Do you still have some questions about moving to Portugal? Why not get in touch with the friendly team at Galleon International, global relocation experts? Give us a call on 01708 868 068 today.
A recent survey was undertaken by CBI (The Confederation of British Industry). The survey revealed that an increasing number of UK companies are creating back up plans with regard to jobs and production to move overseas due to uncertainty surrounding Brexit. But what does this mean for the UK in the long term?
With 56% of businesses that were surveyed preparing to adjust supply chains abroad. “Unless a withdrawal agreement is locked down by December”, jobs will be lost. This will have a knock-on effect on the UK economy.
During an interview, Nicky Morgan, a Conservative MP who chairs the Commons Treasury Committee, said: “tremendous damage” is being caused to banks and other large financial services in London due to the current negotiation stand-off.
Increase in demand for relocation services
Naturally, an increase in businesses looking to move overseas means there will be an increase in demand for relocation services. As a business owner, you need to ensure that you have an effective relocation strategy in place. Galleon International are experts in international removals. Our team listen to your every need and tailor our service to suit you. We believe a personal service is essential to keep your employees and their families happy. After operating for almost 40 years, we have gained access to all the local knowledge you need to know to ensure you’re ready to start your new life.
Are you planning to move overseas just in case things don’t go as smoothly as planned?
At Galleon International, corporate relocation services, we have a team of experienced global mobility experts. Our team will create and tailor completely bespoke programmes to suit your corporate relocation needs. To find out more information on how Galleon International can help your business when relocating employees, give us a call today on 01708 868 068.
A study by global relocation experts has shown that the ‘employees’ use of social media and smart technology is shaping their expectations of how workplace communication should be operated. At the same time, technology is also changing the way that organisations identify with mobile talent. As well as the way that they engage with employees from recruitment to redeployment.
They have identified a growing willingness to feedback and share information about overseas assignments amongst the younger employees. In return, these employees expect the organisations to be open. They also expect them to respond in a two-way conversation.
Following the study, the same question has been asked by experts in global mobility; are digital technologies beneficial for relocating employees?
Danny Taggart is a director in the Deloitte’s Global Workforce team. He argues that ‘digital technologies offer a massive opportunity for the global mobility function and mobile employees alike.’
“The diversity of the talent in the workforce is changing, along with employee perspectives,” he says. “Think of the ‘traditional expat’ posted overseas 20 years ago, and compare this with the expectations and the needs of millennials today. Technology is the enabler to meet the rapidly shifting demands of the modern workforce.”
Moreover, it has been argued that employee openness is a result of generational influence. For example, millennials are very conversant with mobile and digital tools. They are also comfortable with providing feedback in real-time and they expect responses in a similar time frame. Their use of technology in their personal lives has driven an expectation for the corporate services.
However, this feedback and the monitoring will only be successful if the employee feels that they are being listened to. As well as the fact that decisions are made with the feedback in mind. This is similar when it comes to relocating employees overseas.
A lot of successful overseas placements are about setting the right expectations. After all, moving abroad can be stressful and can be challenging for the employee. Therefore, it is important to ensure that the experience is positive for them.
As global relocation experts, Galleon International are constantly keeping up to date with the latest trends. They are also kept up to date with the changes that are related to moving overseas and working abroad. Our team can pass this information onto the relevant corporate moving clients. We do this to reduce the stress and the uncertainty that comes with relocating abroad.
If you would like to speak to Galleon International’s team of experts about our international moving options then contact us. Get in touch today on 01708 868 068.