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Nomad Score: 73%

Essentials

πŸ™οΈ City Funchal is the capital city of Madeira, known for its beautiful landscapes, mild climate, and vibrant culture.
πŸ‘₯ Population Approximately 112,000.
πŸ’» Internet Speed Average internet speed is around 50 Mbps.
πŸ’Έ Currency & Banking 1 EUR β‰ˆ 1.07 USD.
🚰 Tap Water Drinkable and safe to consume.
πŸ”Œ Power 230V, 50Hz, πŸ”Œ Type C/F sockets.
πŸ“Ά SIM Card Providers include MEO, NOS, and Vodafone.
πŸ’³ Banking for Expats Popular options include Santander Totta and Caixa Geral de DepΓ³sitos; Revolut is also widely accepted.
πŸ›Œ Accommodation Options include Airbnb, local guesthouses, and hostels.
πŸ’³ Cashless Friendly Yes, cards accepted widely, especially in urban areas.
🏠 Short Term Rentals Available on platforms like Airbnb and Booking.com.
πŸ›οΈ Budget Accommodation Hostel Madalenas is a budget-friendly option.
πŸ™οΈ Best Area to Stay for Tourists The Old Town (Zona Velha) is highly recommended for tourists.
πŸ™οΈ Best Area to Stay for Digital Nomads The city center, particularly near Avenida do Mar.

Working and Networking

🏒 Best Coworking Space Nexus Coworking Space, located in the city center with great amenities.
β˜• Best Cafe for Work CafΓ© London, known for its good coffee and reliable Wi-Fi.
πŸ’Ό Networking Events Meetups at the Madeira Digital Nomads Facebook group.
πŸ₯‚ Social Events for Expats Weekly social gatherings at various bars and restaurants.

Transportation

πŸš• Best Taxi/Ride App Uber and Bolt are operational in Funchal.
🚲 Bike/Scooter Rental FunchalBike offers bicycle rentals for exploration.
πŸ–οΈ Best Beach Nearby Praia Formosa is the closest beach, about 10 minutes away.
✈️ Top Regional Airline SATA Azores Airlines for regional travel.
✈️ Top International Airline TAP Air Portugal for international flights.
πŸ›£οΈ Highway Access Access to main roads such as the VR1.
πŸš‰ Main Train/Transit Hub Not applicable; Funchal has no train service but buses are available.
🚍 Public Transport Passes Single tickets, day passes, and monthly passes for local bus services.
✈️ Regional Travel Buses, taxis, and car rentals for visiting nearby towns.

Health and Wellness

πŸ₯ Best Hospital Hospital Dr. NΓ©lio MendonΓ§a.
🧘 Yoga & Wellness Centers Luz do Yoga and Moinhos de Vento are popular wellness studios.
πŸ‹οΈ Gyms & Fitness Centers Fitness Club Funchal and the Complexo Balnear do Lido.
🧺 Laundry Services Lavanderia da Cidade offers laundry services throughout Funchal.

Food and Drink

πŸ“± Best Food Delivery App Uber Eats and Glovo for food delivery services.
🍽️ Best Local Dish to Try Espetada (skewered beef) is a must-try dish.
🍱 Vegan/Vegetarian Options The Green Room and Vegan Food House for plant-based meals.
🍫 Best Dessert Spots FÑbrica do Queijada da Madeira for traditional Madeira cakes.
πŸ›’ Affordable Shopping Spots Mercado dos Lavradores offers fresh produce and local goods.
πŸ›’ E-commerce/Online Store Local e-commerce sites include Madeira Shopping and Mais Madeira.
πŸ›’ Grocery Delivery Pingo Doce and Continente offer online ordering and delivery.
🍸 Bar/Nightlife Area Avenida do Mar is popular for nightlife and bars.
🍻 Local Brewery Madeira Brewing Company offers tastings and tours.
🍷 Wine Bars Experience Madeira wine at Bar do Mercado.
🍲 Street Food Stalls Food trucks along Praia Formosa beach.
πŸ• Popular International Cuisine Restaurants serving Italian, Indian, and Chinese cuisine are available.

Culture and Attractions

🎟️ Must-See Landmarks Visit the Sé Cathedral and the Botanical Garden.
πŸ›οΈ Museums & Art Venues Madeira Story Centre and CR7 Museum celebrate local culture.
🏰 Historical Sites Fortaleza do Pico and Quinta das Cruzes offer rich history.
πŸ• Religious Sites Igreja de SΓ£o JoΓ£o Evangelista is notable.
πŸŽ‰ Annual Events Madeira Flower Festival in April is a highlight.
🎨 Cultural Districts Old Town (Zona Velha) features local art and history.
🎭 Theater Venues Teatro Municipal de Funchal hosts various performances.
πŸ›οΈ Local Markets Mercado dos Lavradores is a vibrant cultural spot.
🎼 Music Scene Live music is prevalent in many cafes and bars.
🎨 Street Art Graffiti and murals can be seen throughout the Old Town.
πŸ§‘β€πŸ³ Cooking Classes Local cooking classes available at Mercado dos Lavradores.
πŸ‘©β€πŸŽ¨ Art Galleries Galeria de Arte Sagrado exhibits local artists.
πŸ•°οΈ Historic Buildings PalΓ‘cio de SΓ£o LourenΓ§o and colonial architecture are notable.
🏴 Local Heritage Madeira wine culture is an important symbol.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes Levada walks and the Laurisilva Forest nearby offer stunning hikes.
🏞️ National Parks Nearby Madeira Natural Park features incredible biodiversity.
🚲 Cycling/Walking Paths Madeira offers various levada walks suitable for all levels.
πŸŒ„ Scenic Viewpoints Cabo GirΓ£o skywalk provides breathtaking views.
πŸ¦‰ Birdwatching Locations RabaΓ§al offers excellent birdwatching opportunities.
πŸ”₯ Bonfire-Friendly Spots Designated barbecue areas in various parks like Queimadas.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL and CTT (Postal Service) provide delivery options.
πŸ› οΈ Tech Repair Services TechElectronics offers repair services throughout Funchal.
πŸ“ Table Tennis Spots Community centers often have tables available for use.
πŸ§‘β€πŸ« Language Classes Centro de LΓ­nguas offers Portuguese language classes.
πŸ“š Libraries & Study Spots Biblioteca Municipal de Funchal is great for studying.
🏘️ Community Centers Various community centers host cultural events and classes.
πŸ•ΉοΈ Gaming Lounges Check out local cafes for gaming nights.
🎰 Casino & Gaming Halls Casino da Madeira is popular for gaming and entertainment.

Business

🏒 Studio Purchase Price (City Center) Approx. €2,600 per mΒ² (e.g., 40 mΒ² = €104,000)
🏒 Studio Purchase Price (Outside City) Approx. €2,200 per mΒ² (e.g., 40 mΒ² = €88,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €2,800 per mΒ² (e.g., 60 mΒ² = €168,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €2,400 per mΒ² (e.g., 60 mΒ² = €144,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. €3,300 per mΒ² (e.g., 80 mΒ² = €264,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. €2,600 per mΒ² (e.g., 80 mΒ² = €208,000)
πŸ’Ό Corporate Tax 21%.
πŸ’΅ Dividend Withholding Tax 28%.
🏦 Tax System Progressive tax rates based on income.
πŸ“ˆ Highest Income Tax Bracket 48%.
🧾 VAT 23% standard rate.
🌐 Controlled Foreign Company (CFC) Rules Yes, applies to income generated abroad.
🏠 Property Tax Annual property taxation based on tax value.
🏠 Property Transaction Tax 6% standard rate during property purchases.
πŸ’» Attractive Tax System for Digital Nomads Non-habitual residents can benefit from reduced tax rates.

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