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Porto, Portugal 🇵🇹
#814 ,

Nomad Score: 79%

Essentials

🏙️ City Porto is the second-largest city in Portugal, known for its rich cultural heritage and stunning riverside landscapes.
👥 Population Approximately 215,000 people inhabit the city of Porto.
💻 Internet Speed Average internet speeds range from 50 to 100 Mbps.
💸 Currency & Banking Euro (1 EUR ≈ 1.06 USD). Major banks include Millennium BCP and Caixa Geral de Depósitos.
🚰 Tap Water Drinkable, good quality municipal water.
🔌 Power 230V, 50Hz, 🔌 Type C/F sockets.
📶 SIM Card Providers include MEO, NOS, and Vodafone, offering prepaid and contract plans.
💳 Banking for Expats Popular options include N26, Revolut, and TransferWise.
🛌 Accommodation Options include Airbnb, local apartments, and hostels.
💳 Cashless Friendly Yes, cards are accepted widely in most places.
🏠 Short Term Rentals Airbnb and local sites like OLX for rent by owner.
🛏️ Budget Accommodation Hostel Gaia and Gallery Hostel are popular budget options.
🏙️ Best Area to Stay for Tourists Ribeira is the most tourist-friendly area with vibrant nightlife and riverside views.
🏙️ Best Area to Stay for Digital Nomads Cedofeita offers a good balance of amenities, cafes, and coworking spaces for long-term stays.

Working and Networking

🏢 Best Coworking Space R. das Oliveiras, 118 - 4050-284, known for community vibes and fast internet.
Best Cafe for Work Moustache Café offers great coffee and reliable Wi-Fi.
💼 Networking Events Look for meetups on Meetup.com, often hosted at local spaces like Rua do Almada.
🥂 Social Events for Expats Porto Excursions organizes regular events for the expat community.

Transportation

🚕 Best Taxi/Ride App Bolt and Uber are both operational and reliable.
🚲 Bike/Scooter Rental Lime and Bisonte for e-scooter rentals.
🏖️ Best Beach Nearby Foz do Douro beach, easily accessible by tram.
✈️ Top Regional Airline TAP Air Portugal offers flights to neighboring countries.
✈️ Top International Airline Ryanair and EasyJet provide budget international options.
🛣️ Highway Access A1, the main highway connecting Porto to Lisbon.
🚉 Main Train/Transit Hub São Bento Station serves as the city's main train hub.
🚍 Public Transport Passes Andante passes allow for unlimited travel on buses, trams, and metro.
✈️ Regional Travel Trains connect Porto with nearby cities like Braga and Aveiro.

Health and Wellness

🏥 Best Hospital Centro Hospitalar do Porto offers comprehensive healthcare services.
🧘 Yoga & Wellness Centers Yoga Sobre o Porto provides various classes and workshops.
🏋️ Gyms & Fitness Centers Fitness Hut and Holmes Place are popular gyms.
🧺 Laundry Services Lava & Leva offers self-service and drop-off laundry services.

Food and Drink

📱 Best Food Delivery App UberEats and Glovo are popular for food delivery.
🍽️ Best Local Dish to Try Francesinha, a local sandwich, is a must-try.
🍱 Vegan/Vegetarian Options DaTerra is a popular vegan restaurant.
🍫 Best Dessert Spots Leitaria da Quinta do Paço for their famous cream puffs.
🛒 Affordable Shopping Spots Mercado do Bolhão for fresh local produce.
🛒 E-commerce/Online Store Worten for electronics and home goods.
🛒 Grocery Delivery Pingo Doce offers online grocery shopping and delivery.
🍸 Bar/Nightlife Area Ribeira and Galerias de Paris are buzzing nightlife spots.
🍻 Local Brewery Cerveja Letra produces craft beers locally.
🍷 Wine Bars Prova Wine Bar showcases the best of Portuguese wines.
🍲 Street Food Stalls Visit the Mercado Beira-Rio for diverse street food offerings.
🍕 Popular International Cuisine Papaya offers great Asian cuisine options.

Culture and Attractions

🎟️ Must-See Landmarks Dom Luís I Bridge and Livraria Lello, famous for its architecture.
🏛️ Museums & Art Venues Museu de Serralves features contemporary art exhibitions.
🏰 Historical Sites Palácio da Bolsa showcases stunning architecture and history.
🕍 Religious Sites The Church of São Francesco is notable for its baroque interior.
🎉 Annual Events St. John's Festival in June celebrates local culture.
🎨 Cultural Districts Miguel Bombarda is known for contemporary art galleries.
🎭 Theater Venues Teatro Nacional São João hosts various performances.
🛍️ Local Markets Mercado Bom Sucesso for local food and crafts.
🎼 Music Scene Plano B is a popular venue for live music in Porto.
🎨 Street Art Graffiti along Rua do Almada showcases local talent.
🧑‍🍳 Cooking Classes Pé na Terra offers cooking classes centered around local cuisine.
👩‍🎨 Art Galleries Galleries such as Galeria 100% Porto feature local artists.
🕰️ Historic Buildings The Clérigos Tower is an iconic landmark.
🏴 Local Heritage Porto is famous for its port wine, rich in history.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Pena Nacional de Gerês for hiking and nature.
🏞️ National Parks Nearby Peneda-Gerês National Park is a short drive away.
🚲 Cycling/Walking Paths The Douro River pathway is perfect for cycling and walking.
🌄 Scenic Viewpoints Miradouro da Vitória offers stunning city views.
🦉 Birdwatching Locations Estuario do Douro nearby is great for birdwatching.
🔥 Bonfire-Friendly Spots Areas near the Douro River are popular for picnicking.

Other Services and Amenities

📦 Parcel Delivery Service CTT - Correios de Portugal handles shipping and delivery.
🛠️ Tech Repair Services Chip Tech for mobile and computer repairs.
🏓 Table Tennis Spots Centro de Saúde da Senhora da Luz offers ping pong.
🧑‍🏫 Language Classes Portuguese Language School such as Instituto Camões.
📚 Libraries & Study Spots Biblioteca Almeida Garrett is a quiet place to study.
🏘️ Community Centers The Câmara Municipal offers various community activities.
🕹️ Gaming Lounges Gamers Lounge for board games and video games.
🎰 Casino & Gaming Halls Casino da Póvoa, a short drive from the city.

Business

🏢 Studio Purchase Price (City Center) Approx. €2,900 per m² (e.g., 40 m² = €116,000)
🏢 Studio Purchase Price (Outside City) Approx. €2,200 per m² (e.g., 40 m² = €88,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €3,000 per m² (e.g., 60 m² = €180,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €2,500 per m² (e.g., 60 m² = €150,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. €3,200 per m² (e.g., 80 m² = €256,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. €2,700 per m² (e.g., 80 m² = €216,000)
💼 Corporate Tax 21% standard corporate tax rate.
💵 Dividend Withholding Tax 28% for residents.
🏦 Tax System Progressive income tax system, with rates from 14.5% to 48%.
📈 Highest Income Tax Bracket 48% on income above €80,000.
🧾 VAT Standard VAT rate is 23%.
🌐 Controlled Foreign Company (CFC) Rules Yes, applicable for companies abroad.
🏠 Property Tax Property taxes based on the municipal tax code.
🏠 Property Transaction Tax Around 6% of the property's purchase price.
💻 Attractive Tax System for Digital Nomads Non-habitual residency program offers 0% tax on foreign income for eligible individuals.

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