Where should I setup a bank account in Guimaraes?

"Expats considering retiring in Guimaraes should be aware of several factors to ensure a smooth transition and enjoyable retirement. Firstly, it is essential to research the cost of living, which is generally lower than in other European countries, but can vary depending on lifestyle choices and location within the city. It is also important to understand the healthcare system in Portugal. The country has a public healthcare system, which provides free or low-cost healthcare to residents, including expats who are registered with the system. However, many expats choose to purchase private health insurance for additional coverage and faster access to specialists. Language can be a barrier for some expats, as Portuguese is the primary language spoken in Guimaraes. While many locals speak English, especially in tourist areas, it is helpful to learn some basic Portuguese to navigate daily life and communicate with neighbors and service providers. Expats should also familiarize themselves with the local culture and customs, as well as the history of Guimaraes, which is considered the birthplace of Portugal. Embracing the local way of life, including the cuisine, festivals, and traditions, can greatly enhance the retirement experience. Housing options in Guimaraes range from modern apartments to traditional homes. It is essential to research the property market, rental prices, and the process of buying property if considering purchasing a home. Engaging a local real estate agent can be helpful in navigating the housing market. Portugal has a favorable tax regime for retirees, known as the Non-Habitual Resident (NHR) program, which offers tax exemptions and reduced rates on certain types of income for a period of ten years. Expats should consult a tax professional to understand the requirements and benefits of the NHR program. Finally, it is crucial to understand the visa and residency requirements for retiring in Portugal. EU citizens have the right to live and work in Portugal without a visa, while non-EU citizens will need to apply for a residence permit, such as the D7 visa for retirees. It is essential to research the necessary documentation and application process to ensure a smooth transition to life in Guimaraes," wrote a member who made the move to Guimaraes, Portugal.

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Traveling Mailbox

Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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