Relocating to Portugal in 2024: A Complete Guide



Relocating to Portugal in 2024: A Complete Guide

Relocating to Portugal in 2024: A Complete Guide is designed to provide you with all the vital information necessary for a successful transition to Portugal. It’s intriguing to note that the population of foreign residents in Portugal has nearly doubled over the past five years, making relocating to Portugal in 2024 an appealing choice for many. 

Whether you’re drawn to Lisbon’s rich historical charm, the relaxed atmosphere of the Algarve, or the thriving tech scene in Porto, Portugal offers a diverse range of opportunities for those contemplating a relocation.

Why Move to Portugal?

Cost-Effective Living

One of the main reasons for moving to Portugal is its affordability. Housing costs are generally lower than in neighboring countries. Daily expenses, including groceries and dining out, are also reasonably priced, allowing you to maintain a comfortable lifestyle.

Rich Cultural Heritage

Portugal is a country with a captivating history that spans over 900 years. From ancient castles and UNESCO World Heritage sites to lively festivals and traditional cuisine, you’ll have numerous opportunities to explore and embrace Portuguese culture and traditions.

Lisbon Scenic viewpoint

Housing Costs

Portugal’s housing market is generally more affordable compared to many Western European countries. Rent prices in Portuguese cities are notably lower than in popular cities. However, it’s important to note that in popular expat areas and tourist hotspots, prices may be higher.


Portugal has a renowned healthcare system celebrated for its quality and affordability. Residents have access to public healthcare at significantly lower costs compared to other countries. Additionally, private health insurance is reasonably priced, providing another viable choice, especially for expats. 

Important Information before Relocation to Portugal

Residency Registration

Upon moving to Portugal, it is a legal requirement for all individuals to register their residence. For those relocating from other EU/EEA countries, the process is straightforward if staying for more than three months. Find more information here.

If you are moving to Portugal from a non-EU/EEA country, securing the appropriate visa is the first step. Once your visa is approved, you can enter Portugal and proceed to the nearest immigration office (SEF) to apply for your temporary residence permit. Further details on this process are here.

Social Security - NIF

Your NIF number, also known as ‘Número de Identificação Fiscal’ in Portugal, serves as your taxpayer identification number. Although it may seem like a simple thing, obtaining this number is crucial for anyone planning to move to Portugal. It is required for tax payments, renting, opening a bank account, registering your address, and more. 

To begin the registration process, you can use the online portal or schedule an appointment at your local tax office. 

What are the best places to live in Portugal?

Lisbon: The Vibrant Capital

Lisbon, the capital of Portugal, stands out as an excellent choice for those looking for a mix of history, culture, and modern conveniences. You will find:

– A thriving startup ecosystem, perfect for digital nomads;

– Excellent public transportation and international connections;

– A rich cultural scene with museums, theatres, and festivals.

The city’s charming neighbourhoods, such as Bairro Alto and Alfama, offer a unique living experience. However, be prepared for higher living costs compared to other parts of the country.

Porto: Northern Charm

Porto is Portugal’s second-largest city and offers a compelling alternative to Lisbon. You’ll appreciate:

– The lower cost of living compared to the capital;

– The picturesque old town which is a UNESCO World Heritage site;

– A tech scene with plenty of coworking spaces.

Additionally, the city’s famous port wine cellars and the beautiful Douro River add to its allure, making it an excellent choice for those who enjoy a mix of urban living and natural beauty.

Algarve: Coastal Paradise

Are you drawn to sun-soaked beaches and a relaxed lifestyle? The Algarve region in southern Portugal might be your ideal destination. Popular towns to consider include:

– Lagos, known for its stunning coastline and vibrant nightlife;

– Faro, the regional capital with an international airport;

– Tavira, a quieter option with a rich history and beautiful architecture.

Modern & Cozy Faro Mercado Apartment 21
A Lisbeyond Short-Term rental in Faro considered a Guest Favorite on Airbnb

Finding Accommodation:
Short-Term & Mid-Term Options?

When moving to Portugal, finding suitable housing is a critical step, and for most expats, it’s considered extremely difficult. Understanding your options is crucial for making an informed decision.

Short-Term & Mid-term Accommodations

If you’ve just arrived or are still exploring different areas before settling down, these types of accommodation rentals can offer flexibility and convenience. You’ll find a variety of options to suit your needs:

Hotels and Hostels: These are ideal for brief stays and provide a quick solution while you get your bearings;

Short-Term: These are often more cost-effective for stays lasting a few days and can offer a more homely atmosphere;

Mid-Terms: These are fully furnished and equipped, offering flexible options perfect for extended stays, typically ranging from one to six months.

Temporary options allow one to experience different neighbourhoods before committing to a permanent arrangement. It’s advisable to book in advance, especially during peak tourist seasons, and to work with specialized serviced apartment companies like Lisbeyond to arrange accommodation in a secure and protected way. 

As you prepare to embark on your journey to Portugal, it’s important to keep in mind that adequate preparation and patience will be essential. Our blog post “Relocating to Portugal in 2024: A Complete Guide” has provided you with important information about this captivating country. 

Moving to Portugal can be an amazing adventure and quite challenging, especially when it comes to finding a suitable apartment. Portugal offers a wonderful opportunity with a low cost of living, laid-back lifestyle, and enriching culture. However, a big obstacle is finding accommodation. Lisbeyond suggests opting for a fully furnished place and working with a serviced apartment company. It’s a convenient, secure and hassle-free way to settle into your new home in Portugal.

Whether you are looking for a permanent residence or a temporary place to call home, Portugal provides a welcoming environment for everyone.

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