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PORTUGAL IS ONE OF THE TOP TEN COUNTRIES IN THE WORLD TO RETIRE

International Living having been seeking out the best retirement destinations for the past 35 years, and this year found that Portugal is worthy of the long-standing view that it is one of the best places in the world to retire. In compiling its rankings, International Living looks at climate, cost of living, retiree discounts, infrastructure, accessibility of health care to compile their Annual Global Retirement Index and say they look precisely at best opportunities worldwide for retirement living.

Editors at International Living compile, rank, and rate a series of criteria including cost of living, infrastructure, healthcare, fitting in, real estate, special benefits and climate for an assessment based on real-world data gathered on the ground. In singling out Portugal, International Living explains that as “one of the smallest countries in Europe, Portugal is one of Europe’s best-kept secrets. Many fall in love with this little country due to its near flawless weather, an abundance of golf and water sports, and superb fresh food.” Placed just behind Spain in the rankings at number ten, researchers explain the relatively low cost of living here is also a big draw for those who choose to live in Portugal, compared with other European nations, goods and services are still bargains. It adds that “the locals are warm and welcoming to foreigners, making a living here very enjoyable.”

The report on Portugal continues by arguing that “if your dream European retreat includes golden sand beaches, almond groves, picturesque castles, and little frontier towns on wooded hilltops then Portugal is the place for you. Slumbering abbeys, pilgrim shrines, and ancient castle towns are dotted inland while traditional fishing towns of narrow alleys and old houses stand proudly on the coast.”

It also makes reference to relatively affordable property, highlighting the value for money deals currently available along the Silver Coast or the Alentejo. Researchers also found that living in Portugal is relatively affordable compared to its European counterparts, making reference to the below average joint cost of utilities, the price of coffee or a dish of the day. The International Living Retirement Index is topped by Panama, followed by Ecuador, Mexico and Costa Rica.

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I AM AN E.U. CITIZEN, HOW CAN I REGISTRATE IN PORTUGAL?

To make your registration in Portugal, you only have to apply for a Certificate of Registration of Citizen.

The Certificate of Registration of Citizen of the European Union must be requested by any citizen of the European Union, Iceland, Liechtenstein, Norway, Andorra and Switzerland, wishing to remain in Portugal for a period exceeding three months.

The request can be made to the City Hall, in person by completing a statement and delivering the necessary documents.

The application can also be made by a lawyer, as long as he has the necessary powers to act on your behalf.

PORTUGAL MAKES TOP TEN OF RETIREMENT DESTINATIONS

The Annual Global Retirement Index places Portugal as the seventh best destination in the world to retire. The top three destinations listed by International Living are Costa Rica, Mexico and Panama. Spain has listed two positions below Portugal in ninth and is the only other European nation on the list.

According to International Living’s report, “the third-safest country in the world in the 2017 Global Peace Index, Portugal is not only secure but beautiful.” It adds that “if Portugal’s attributes have convinced you to give it a try, here’s a tip: Begin your test drive in the capital. Lisbon is easy to reach, with direct flights from major cities around the world.”

NUMBER OF NEW COMPANIES RISES

Business formation with new businesses having been started in Portugal went up in 2017. Over 3,687 new companies were registered in Lisbon (14.5% more than in 2016), while Porto registered 7,107 new firms (5% up on the previous year).

On the other hand, business failures in Portugal fell 12.7% in 2017 compared with 2016 to 6,284, while the number of new companies being set up rose 9.1%, to 40,465. Lisbon and Porto saw the highest number of bankruptcies – 1,683 and 1,330 respectively, but these were still 2.4% and 15.4% lower than in 2016.

BANK VALUATION OF HOUSES CONTINUES TO RISE

The price of the square meter in the country was valued at 1,141 euros, the highest value since May 2011.

The banking valuation of houses has increased for seven consecutive months. The price at which banks evaluate households when granting housing loans doesn't stop rising. The trend of this indicator accompanies the upward trend in house prices in Portugal.

According to the official data, the average value of the bank evaluation of the homes in October was 1,141 euros per square meter. This figure corresponds to an increase of six euros compared to the value registered in the previous month and is also the highest level since May 2011.

CTA 2018. PORTUGAL IS ONE OF THE 13 WORLD CHAMPIONS OF INNOVATION

In the world's largest technology fair, there are no doubts: Portugal is among the 13 international champions of innovation, alongside countries like Finland, United Kingdom, Sweden, Singapore, Canada, Czech Republic, Austria, Denmark and New Zealand.

Among the 12 items evaluated, Portugal excelled in four:
- freedom (it is among the countries with more political and individual freedom);
- drones (it is among the countries where the best technology for drones is born);
- short-term rentals (countries with the best conditions to rent a house for a short time) and;
- environment (it is among the countries with the best water and air quality).

International Innovation Scorecard, the Consumer Technology Association (CTA) identifies the critical areas of national policy that spur innovation, and reveals the areas in which countries may be stunting their own growth and preventing global innovation from blossoming to its full potential.