Working In Portugal - An Overview of Living in Portugal
Considering working in Portugal? The country offers more than just picturesque landscapes and a relaxed lifestyle. However, it's essential to delve into the practicalities before making the move. For instance, the cost of living has been on the rise, particularly in urban centers like Lisbon. While the minimum wage might seem modest, especially by Western standards, there are plans to increase it in the coming years. But will that align with the lifestyle you're hoping for?
When it comes to job opportunities, southern Europe may not be the ideal starting point for young professionals. Yet, the rise of remote work is changing the dynamics, making Portugal an increasingly attractive option for those who can work from anywhere.
Taxes are another crucial consideration. Portugal offers specific schemes like the Non-Habitual Resident program, but the benefits may not be universally applicable. It's a complex topic that often requires professional advice.
Lifestyle choices will also impact your monthly expenses. Dining out, for example, can range from affordable to high-end, depending on your preferences. And if you're thinking about opening a bank account, be prepared for a process that's a bit more involved than simply walking into a bank.
So, is Portugal the right fit for you? There are multiple factors to consider, from potential earnings to the kind of lifestyle you envision. More insights are on the way, so stay tuned for a deeper dive into what it's like to live and work in Portugal.
In this episode of Not Your Average Globetrotter, hosted by Rafael Di Furia, we'll take a look at the complexities and considerations of working and living in Portugal, from the rising cost of living and minimum wage to job opportunities, taxes, and lifestyle choices.
Topics & Timestamps:
00:00 - Opening Thoughts & Intro
00:43 - Cost of living is on the rise
01:29 - Portuguese minimum and average income and housing costs
04:04 - How you’re set up with your job
06:04 - A quick word about pensions in Portugal
06:26 - How far will your income go in Portugal? (Cost of Living)
11:02 - A quick word about getting a bank account in Portugal
11:40 - Cost of going out for a coffee/pastry
12:30 - Closing Thoughts & Outro