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How to Move to Portugal from the USA: Must know info before you take the leap!
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- Опубліковано 13 сер 2024
- If you're wondering how to move to Portugal from the USA - then you're in the right place! I've lived abroad for the last decade and many of my clients have learned how to move to Portugal from the USA thanks to my Move Abroad Master Class.
Move Abroad Master Class: wanderonwards....
I'll be going over:
- visas
- budgets
- which city you should move to
Is Portugal Right for You?
Portugal is a European country known for its charming cities, rich history, and welcoming atmosphere. It offers a vibrant lifestyle at a low cost, with great weather in both winter and summer. This all makes it a top destination for American expats.
What Visa Can You Use to Move from the US to Portugal?
D7 Visa - ideal for retirees with passive income, you must have income from out of Portugal
Golden Visa - The investment amount has increased recently to 500,000 euros and you can no longer invest in real estate.
Digital Nomad Visa - for remote workers, must have an income of over 3,000 euros per month. Meant for freelancers and entrepreneurs.
Work Visa - must have a job offer in Portugal, then they must apply for that visa on your behalf.
Salaries in Portugal are low compared to the US, the average being 20,000 euros per year.
The best option is to take your American job to Portugal, if that sounds good to you, check out my Move Abroad Master Class - wanderonwards....
How Much Does it Cost to Move to Portugal as an American?
Renting in Lisbon should cost around 800 euros per month, but outside of Lisbon, you can find rent for 500 euros or lower.
Health Insurance usually ranges from 50-200 USD per month.
Where's the Best Place to Live in Portugal as an American?
Lisbon is by far the easiest city to transition to if you are new to living abroad, but it is also the most expensive
Some cities to consider that aren't Lisbon:
- Porto - second largest city, great port wines
- Madeira Island - lush landscapes, hiking, more affordable COL
- Lagos - stunning beaches, historic old town
- Azores - volcanic landscapes, UNESCO site, great for adventure and food
What Are the Tax Implications for an American in Portugal?
This depends on which visa you are on.
You can use either Foreign Earned Income Exclusion or Tax Credits.
I recommend MyExpatTaxes
Get a discount using this link - app.myexpattax...
MyExpatTaxes Review ➡️ wanderonwards....
Do US Expats Have to File Taxes? ➡️ wanderonwards....
The Ultimate Guide to Filing Taxes as Americans Abroad ➡️ wanderonwards....
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