Once I returned residence, I put my plans to maneuver absolutely in motion. I had a small pension and some investments in index funds, however that was about it. I learn someplace that a single particular person may stay comfortably in Portugal for around $2,000/month, together with everything. In D.C., I was spending virtually $3,000/month to hire a small one-bedroom condo. The Golden Visa program is a residency by funding program obtainable for any non-EU citizen. A growing MoveToCascais variety of US citizens discover Portugal to be an interesting country to spend cash on and procure a residency or second citizenship in.

Moving To Portugal From The Usa

Vera had a trip arising in August that didn’t correspond to my go to. She suggested I change my plans and are available throughout the identical week as her vacation. That means, we’d have plenty of time to tour the area collectively and learn all about what would possibly turn into my new home.

• I decided I wanted a contact in Lisbon, an area, someone who might show me around and inform me what life is really like in Portugal.
• You can apply for this at your native council office within the 30 days following your first three months in Portugal.
• There is all the time one thing to do, with tons of festivals and cultural events.

Can I Stay In Portugal Speaking English?

Opening and utilizing a current account with a Portuguese bank is normally free. Portugal is taken into account comparatively inexpensive in comparison with other international locations in Europe and the US. Eating out, public transport, and attending native and cultural occasions are extra affordable than in neighbouring EU nations. That stated, Portugal has double taxation treaties with the United States and Canada. So, while you will have to file with the IRS no matter where you reside and may owe U.S. taxes on some earnings, prospective expats don’t need to fret about being taxed on the same earnings twice.

Moving To Portugal From South Africa: Go-to Guide!

The visa would permit me to remain in Portugal for 4 months, throughout which I would apply for my residency permit to remain for 2 years. I gathered my bank statements and tax filings, Social Security letters, employment contracts, passport pictures, and fingerprints, and crafted a private statement on dwelling in Portugal. As an American, you should get a Portuguese residence permit if you’re planning to stay there for longer than three months.