An Expat Talks about Living in Faro, Portugal

What is the name of the city or town that you are reporting on?

Faro

If a friend of yours was thinking of moving to this city or town from far away, what other advice would you give them.

Expats considering retirement in Faro should be aware of several key factors. Firstly, the cost of living in Faro is relatively low compared to other European cities, making it an attractive option for retirees. However, it's important to have a clear understanding of your financial situation and budget before making the move. The official language in Faro is Portuguese, so learning the basics of the language will be beneficial, although English is widely spoken in tourist areas. The healthcare system in Portugal is of a high standard, with both public and private options available. Expats are eligible for public healthcare if they are residents and contribute to the social security system. Faro has a Mediterranean climate, with hot summers and mild winters, which may be a significant change for those used to cooler climates. The city is known for its rich history, beautiful beaches, and golf courses, offering plenty of activities for retirees. Portugal has a favorable tax regime for foreign retirees, known as the Non-Habitual Resident (NHR) scheme. This allows for a tax exemption on foreign income, including pensions, for a period of ten years. However, it's recommended to seek advice from a tax consultant before moving. When it comes to housing, there are various options available, from renting an apartment to buying a villa. It's advisable to spend some time in Faro before deciding where to live, to get a feel for the different neighborhoods. Finally, it's important to understand the visa requirements for living in Portugal. Non-EU citizens will need to apply for a residence visa before they move, while EU citizens have the right to reside in Portugal, but must register their residence after three months.