AmCham Webinar Series
Everything You Need to Know to Live, Work, and Start a Business in Portugal
In collaboration with Global Citizen Solutions and Goldcrest
Everything You Need to Know to Live, Work, and kick-start your life in Portugal
The 3rd webinar in this series, aimed at U.S. citizens and international investors, explored the essential steps to living, working, and investing in Portugal. Experts shared valuable insights to help participants make informed and confident decisions.
Key topics covered:
– Visa types and requirements: an overview of the different visas available (e.g., work, passive income, business/entrepreneurship) to help attendees select the most suitable option.
– Essential documents: Tax Identification Number (NIF) and Social Security Number (NISS) – necessary for opening bank accounts, signing contracts, accessing healthcare, employment, benefits, and fulfilling fiscal obligations.
– Residence permit process: the application starts in the applicant’s country of nationality or legal residence, followed by a meeting with the Agency for Integration, Migration, and Asylum (AIMA); initial validity of 2 years, renewable for 3 more.
– Living in Portugal: highlights of quality of life – climate, safety, healthcare, cost of living, and language; overview of regions (Lisbon, Porto, Algarve, Interior, Central Portugal); expat communities, international schools, and cultural offerings.
– Real estate market: strong demand, particularly in coastal areas and major cities; property appreciation and ROI for international investors; buying and rental processes – from reservation agreement, promissory contract, final deed, to land registry; emphasis on due diligence to ensure legitimacy.
The session confirmed that Portugal remains one of the most attractive destinations for relocation or investment, offering a combination of quality of life, stability, and growth opportunities.