The Financial Times says Portugal attracts immigrants because it is a peaceful country where foreigners are exempt from taxes. And it also claims that it helps the country fight the low birth rate.
The open mindset towards foreigners, the populism-free society of divisions and the residency scheme that offers a tax break make Portugal a haven for emigrants, according to the Financial Times. The Portuguese crime rate - the lowest amongst EU countries - is one of the main assets to convince foreigners to relocate to Portugal.
Read more about the benefits of relocating to Portugal here.
It’s a symbiosis, suggests the newspaper. For investors, “In an era of increasingly discordant politics, the country’s perceived social peace is seen as a competitive advantage on a par with its business environment, skilled workforce and attractive quality of life, say analysts.”
For Portugal, immigration comes to address low birth rates, population aging, and declining Portuguese citizens. A said by the Prime Minister, António Costa, immigration is crucial to fight the demographic crisis, and wishes to draw Europe into mobilizing against populism and xenophobia.
Florbela Lima, a partner of EY Portugal, Portugal is attractive as a destination for emigration because of “political stability and social peace”.
Taking into account the modest Portuguese position in the economic rankings at the World Economic Forum, immigrants choose Portugal for the lifestyle they’re allowed to have here. And according to the Global Peace Index, the country has risen in the table and is already the third most peaceful country in the world, also being on the Top 20 of Condé Nast Traveler readers’ favorite countries around the world.
As a result, last year the number of foreign residents rose to nearly half a million people - an increase of 93,000 new foreign residents compared to 2017 (see graphic above).
Source: Financial Times
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Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investidor dos EUA
Very helpful. Work with his heart. Mark is a very nice advisor.Investidor de Marrocos
Tudo correu lindamente. Consegui esclarecer todas as minhas questões.Investidor da Turquia
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investidor dos EUA
A experiência geral foi ótima desde o acompanhamento até o pós-venda. Gostaria de agradecer especialmente ao Sr. Simon, à Sra. Francisca e à Sra. Mariana.Investidor dos EAU
George Hobson é um jovem agradável, conhecido como conhecedor, experiente, trabalhador, honesto e disciplinado; Senti-me muito confortável em fazer facilmente o meu investimento.Cliente dos Emirados Árabes Unidos