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Funchal, Portugal 🇵🇹
#1892 ,

Nomad Score: 77%

Essentials

🏙️ City Funchal is the capital city of Madeira, known for its beautiful landscapes, mild climate, and vibrant culture.
👥 Population Approximately 112,000.
💻 Internet Speed Average internet speed is around 50 Mbps.
💸 Currency & Banking 1 EUR ≈ 1.07 USD.
🚰 Tap Water Drinkable and safe to consume.
🔌 Power 230V, 50Hz, 🔌 Type C/F sockets.
📶 SIM Card Providers include MEO, NOS, and Vodafone.
💳 Banking for Expats Popular options include Santander Totta and Caixa Geral de Depósitos; Revolut is also widely accepted.
🛌 Accommodation Options include Airbnb, local guesthouses, and hostels.
💳 Cashless Friendly Yes, cards accepted widely, especially in urban areas.
🏠 Short Term Rentals Available on platforms like Airbnb and Booking.com.
🛏️ Budget Accommodation Hostel Madalenas is a budget-friendly option.
🏙️ Best Area to Stay for Tourists The Old Town (Zona Velha) is highly recommended for tourists.
🏙️ 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.
Best Cafe for Work Café London, known for its good coffee and reliable Wi-Fi.
💼 Networking Events Meetups at the Madeira Digital Nomads Facebook group.
🥂 Social Events for Expats Weekly social gatherings at various bars and restaurants.

Transportation

🚕 Best Taxi/Ride App Uber and Bolt are operational in Funchal.
🚲 Bike/Scooter Rental FunchalBike offers bicycle rentals for exploration.
🏖️ 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.
🛣️ Highway Access Access to main roads such as the VR1.
🚉 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

🏥 Best Hospital Hospital Dr. Nélio Mendonça.
🧘 Yoga & Wellness Centers Luz do Yoga and Moinhos de Vento are popular wellness studios.
🏋️ 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

📱 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 Fábrica do Queijada da Madeira for traditional Madeira cakes.
🛒 Affordable Shopping Spots Mercado dos Lavradores offers fresh produce and local goods.
🛒 E-commerce/Online Store Local e-commerce sites include Madeira Shopping and Mais Madeira.
🛒 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.
🍕 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.
🏛️ Museums & Art Venues Madeira Story Centre and CR7 Museum celebrate local culture.
🏰 Historical Sites Fortaleza do Pico and Quinta das Cruzes offer rich history.
🕍 Religious Sites Igreja de São João Evangelista is notable.
🎉 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.
🛍️ 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.
🧑‍🍳 Cooking Classes Local cooking classes available at Mercado dos Lavradores.
👩‍🎨 Art Galleries Galeria de Arte Sagrado exhibits local artists.
🕰️ Historic Buildings Palácio de São Lourenço and colonial architecture are notable.
🏴 Local Heritage Madeira wine culture is an important symbol.

Nature and Outdoor Activities

🌅 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.
🌄 Scenic Viewpoints Cabo Girão skywalk provides breathtaking views.
🦉 Birdwatching Locations Rabaçal offers excellent birdwatching opportunities.
🔥 Bonfire-Friendly Spots Designated barbecue areas in various parks like Queimadas.

Other Services and Amenities

📦 Parcel Delivery Service DHL and CTT (Postal Service) provide delivery options.
🛠️ Tech Repair Services TechElectronics offers repair services throughout Funchal.
🏓 Table Tennis Spots Community centers often have tables available for use.
🧑‍🏫 Language Classes Centro de Línguas offers Portuguese language classes.
📚 Libraries & Study Spots Biblioteca Municipal de Funchal is great for studying.
🏘️ Community Centers Various community centers host cultural events and classes.
🕹️ 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 m² (e.g., 40 m² = €104,000)
🏢 Studio Purchase Price (Outside City) Approx. €2,200 per m² (e.g., 40 m² = €88,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €2,800 per m² (e.g., 60 m² = €168,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €2,400 per m² (e.g., 60 m² = €144,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. €3,300 per m² (e.g., 80 m² = €264,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. €2,600 per m² (e.g., 80 m² = €208,000)
💼 Corporate Tax 21%.
💵 Dividend Withholding Tax 28%.
🏦 Tax System Progressive tax rates based on income.
📈 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.
💻 Attractive Tax System for Digital Nomads Non-habitual residents can benefit from reduced tax rates.

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