Moving to Portugal for retirement is a wise decision for those looking to enjoy a high quality of life and an affordable cost of living. If you’re planning to move to Portugal, this article will help you make the move a success. Discover the various steps involved in setting up successfully in Portugal.
Obtaining a Tax Identification Number (NIF)
Obtaining your NIF is generally the first step in your adventure in Portugal. Without it, you won’t be able to carry out any financial or administrative transactions. It can be obtained from the Portuguese tax authorities. You can apply for it before you arrive in Portugal. Click for more details in this specialized article.
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Obtaining a Residence Visa
You must then apply for a visa to legally reside in Portugal during your stay. If you are a European Union national, this step is not necessary. However, if you come from elsewhere, you must apply for this document at the Portuguese consulate in your country of origin.
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Registering as a resident
As soon as you land in Portugal, you need to register as a resident. There are several ways to do this. First, you can register with your nearest local town hall (Câmara Municipal). If you are an EU national, you will be issued with a certificate of residence (Certificado de Registo de Cidadão da União Europeia). If you are not, however, you will be issued with a residence permit.
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Opening a bank account
Now that you’re legal in your host country, you can start thinking about opening a bank account. This will make day-to-day transactions easier, such as paying bills and managing pensions. Find the bank of your choice and sign up. You can choose a traditional bank or an online bank.
Choosing the right place to live
Now it’s time to think about your accommodation. Portugal offers a variety of attractive regions for retirees. Depending on your preferences, you can live in coastal towns to enjoy the beaches and water. You can also choose inland regions for a more tranquil rural lifestyle.
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