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Add to this the abundance of golf courses and quaint traditional fishing villages and miles of old donkey tracks through the hillsides that are vibrant with wild flowers in the springtime. This makes the east Algarve a wonderful vacation and retirement destination. The demand for accommodation is far outstripped by availability from Easter to October, and throughout the winter this area is very popular with property hunters, bird watchers, golfers and those looking for a little winter sunshine. A while ago the popular English television program A Place in the Sun calculated the Algarve as the number one place world wide to buy a place in the sun. The factors that they took into consideration to arrive at this conclusion were as far as I remember, stability, security, weather, return on investment, quality of life, health care and accessibility. And the part of the Algarve that they suggested was by far the best place to buy or invest was the eastern part, starting just east of Faro and continuing until the Spanish border. Having run a bed and breakfast apartment hotel here for five years I can tell you that the program did get its research right this is a great place to live. The political situation here is stable and moving here is very simple especially if moving from another country within the European Union, although it does take a while to get use to Portuguese bureaucracy, it can take for ever to get paper work sorted out. The crime rate is low and burglary is rare, although there is some theft from cars in the high tourist areas. The weather is hot in summer, but always with a slight breeze of the Atlantic, and pleasant in winter with very little rain. Quality of
life is good, with an abundance of fresh fruit and vegetable in the local
markets and the fish is fresh from the sea. Stress is an unknown factor
here. The Spanish say mañana, but in Portugal they have nothing
as urgent as that. The Portuguese have a tradition of savouring life slowly!
From traditional
Portuguese folk festivals to the simple wholesome food and the traditional
fado music that will pull at your heart strings. There is an abundance
of local markets overflowing with fresh fish, fruit and flowers. Organic
food from the local markets isn’t the expensive exception but the norm.
Portuguese life will charm you.
If you are looking for entertainment, Portuguese life abounds with religious pilgrimages, festivals and fairs that bring whole towns to a standstill! From carnivals, dances, riding contests and bullfights - the Portuguese way of life includes many celebrations and community events. The only real
down side of living here is that the Portuguese language is very difficult
to learn to speak fluently; most people never do and get by okay, but miss
out so much on the local culture. Portuguese is an ancient language with
Latin roots. This is evident from the written word, but when it’s spoken,
the language is totally different to all other western European languages.
It’s very easy
to buy property here, although it can take a while to get all the paper
work sorted out. Lawyers are not expensive and when you come to sell
If the property is owned by a Portuguese limed company buying is very simple indeed involving share transfer with no tax payable. To understand the procedures and legal acts that are involved in acquiring a property in Portugal I would recommend that qualified advice is sought. It is important to insure that any plans in the Town Hall referring specifically to the property do physically agree with the existing construction. A property for living purposes must have a Habitation License if the property was constructed after 1951. It is quite normal for both Parties to initially enter into a Promissory Contract detailing the conditions of Sale – “Contrato de Promessa de Compra e Venda”; this Contract is then legalized by registering it in the Notary Office. This Contract is legally binding on both sides and the law requires the seller to repay twice the deposit should he withdraw from the sale. Likewise, if the buyer fails to complete he forfeits the total of his deposit. There are specific laws relating to this act that a Lawyer will be able to explain. Before buying
property here you are required to obtain a Fiscal Number from the local
Tax Office (Finanças).
The East Algarve is a popular retirement destination for people from all around the world. A mild climate, gorgeous coastline and plentiful sunny beaches combined with excellent food and inexpensive world-class wine have made it a haven for retirees. Property prices
and the cost of living in Portugal are still low enough to attract many
retired Europeans in particular. The Algarve is cheaper than the Costa
del Sol or the Riviera and has even more beautiful beaches.
Pensions
- The taxation of pensions originating in member EU states and elsewhere
abroad varies according to the type of pension and applicable Double Tax
Treaties.
The East Algarve has no extreme or violent weather. There are no hurricanes, volcanic eruptions, earthquakes (forget the one 1750), tidal waves, or tornadoes. It is a country of great personal liberty. You are free to read what you want, drink when or where you want, and unfortunately smoke when or where you want. The violent crime rate is very low although, like in all countries, it is increasing. In the countryside it is very safe. People still leave their keys in their cars and leave the windows open. The food is, for the most part, very good and reasonably priced in restaurants. Supermarket prices are low and you can get products from all the other EU countries. The cheese and ham are excellent. For the drinker it is a paradise. Wine and beer are very cheap and good. The English come here just to buy spirits because they say they are so cheap. And if you are a Port wine lover this is the country for it. People are
very helpful towards strangers and will walk with you to show you a place
you are looking for.
With regard to education there are two choices for the expatriate parent when considering their child’s schooling and the education system in Portugal. Firstly you have the state run education system and secondly you have a wide variety of private alternatives. Moving to Portugal - Visa Information - To visit Portugal, if you are a national of an EU Member state or a citizen of Canada, New Zealand, Australia or the USA you can stay visa-free for up to 90 days, everyone else requires a visa. As Portugal is a full member of the European Union, citizens of pre-2004 EU member states don’t require work permits or visas. EU nationals working in Portugal will be afforded the same rights as Portuguese nationals when it comes to equality of pay, working conditions, vocational training, social security and union membership. If you are an EU national you are also allowed to enter Portugal for up to three months to look for work or set up in business there. Even if you are an EU national, you may be asked to prove that you have adequate finances for the duration of your intended stay and that you have a return ticket or at least the cost of your return journey covered. The recent enlargement of the EU does not mean that the above rules necessarily apply to citizens of the new EU member states. If you are from one of these countries - with the exception of Cyprus and Malta - and you want to move to Portugal, or if you are from a non-EU country you should contact the Portuguese Embassy in your country to see what restrictions apply. Cost of
Living - In terms of the cost of day to day life you’ll be happy to
learn that Portugal is one of the cheapest countries in the EU...though
costs are beginning to increase as Portugal falls into fiscal step with
the rest of the EU.
Working
- If you move to Portugal and intend on working in the country all
employees require a tax card and a fiscal number - called numero de contribuinte.
You can get this from your local tax office. The tax number you are assigned
must be given in any taxable dealings you undertake - e.g., taking employment,
property purchase etc. Portugal has a monthly PAYE (pay as you earn) system
of income tax and rates are from 15% - 40%.
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