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Essentials

πŸ™οΈ City Porto is the second-largest city in Portugal, known for its rich cultural heritage and stunning riverside landscapes.
πŸ‘₯ Population Approximately 215,000 people inhabit the city of Porto.
πŸ’» Internet Speed Average internet speeds range from 50 to 100 Mbps.
πŸ’Έ Currency & Banking Euro (1 EUR β‰ˆ 1.06 USD). Major banks include Millennium BCP and Caixa Geral de DepΓ³sitos.
🚰 Tap Water Drinkable, good quality municipal water.
πŸ”Œ Power 230V, 50Hz, πŸ”Œ Type C/F sockets.
πŸ“Ά SIM Card Providers include MEO, NOS, and Vodafone, offering prepaid and contract plans.
πŸ’³ Banking for Expats Popular options include N26, Revolut, and TransferWise.
πŸ›Œ Accommodation Options include Airbnb, local apartments, and hostels.
πŸ’³ Cashless Friendly Yes, cards are accepted widely in most places.
🏠 Short Term Rentals Airbnb and local sites like OLX for rent by owner.
πŸ›οΈ Budget Accommodation Hostel Gaia and Gallery Hostel are popular budget options.
πŸ™οΈ Best Area to Stay for Tourists Ribeira is the most tourist-friendly area with vibrant nightlife and riverside views.
πŸ™οΈ 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.
β˜• Best Cafe for Work Moustache CafΓ© offers great coffee and reliable Wi-Fi.
πŸ’Ό Networking Events Look for meetups on Meetup.com, often hosted at local spaces like Rua do Almada.
πŸ₯‚ Social Events for Expats Porto Excursions organizes regular events for the expat community.

Transportation

πŸš• Best Taxi/Ride App Bolt and Uber are both operational and reliable.
🚲 Bike/Scooter Rental Lime and Bisonte for e-scooter rentals.
πŸ–οΈ 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.
πŸ›£οΈ Highway Access A1, the main highway connecting Porto to Lisbon.
πŸš‰ Main Train/Transit Hub SΓ£o 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

πŸ₯ Best Hospital Centro Hospitalar do Porto offers comprehensive healthcare services.
🧘 Yoga & Wellness Centers Yoga Sobre o Porto provides various classes and workshops.
πŸ‹οΈ 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

πŸ“± 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.
πŸ›’ Affordable Shopping Spots Mercado do BolhΓ£o for fresh local produce.
πŸ›’ E-commerce/Online Store Worten for electronics and home goods.
πŸ›’ 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.
πŸ• 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.
πŸ›οΈ Museums & Art Venues Museu de Serralves features contemporary art exhibitions.
🏰 Historical Sites PalÑcio da Bolsa showcases stunning architecture and history.
πŸ• Religious Sites The Church of SΓ£o Francesco is notable for its baroque interior.
πŸŽ‰ 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.
πŸ›οΈ 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.
πŸ§‘β€πŸ³ Cooking Classes PΓ© na Terra offers cooking classes centered around local cuisine.
πŸ‘©β€πŸŽ¨ Art Galleries Galleries such as Galeria 100% Porto feature local artists.
πŸ•°οΈ Historic Buildings The ClΓ©rigos Tower is an iconic landmark.
🏴 Local Heritage Porto is famous for its port wine, rich in history.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes Pena Nacional de GerΓͺs for hiking and nature.
🏞️ National Parks Nearby Peneda-GerΓͺs National Park is a short drive away.
🚲 Cycling/Walking Paths The Douro River pathway is perfect for cycling and walking.
πŸŒ„ Scenic Viewpoints Miradouro da VitΓ³ria offers stunning city views.
πŸ¦‰ Birdwatching Locations Estuario do Douro nearby is great for birdwatching.
πŸ”₯ Bonfire-Friendly Spots Areas near the Douro River are popular for picnicking.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service CTT - Correios de Portugal handles shipping and delivery.
πŸ› οΈ Tech Repair Services Chip Tech for mobile and computer repairs.
πŸ“ Table Tennis Spots Centro de SaΓΊde da Senhora da Luz offers ping pong.
πŸ§‘β€πŸ« Language Classes Portuguese Language School such as Instituto CamΓ΅es.
πŸ“š Libraries & Study Spots Biblioteca Almeida Garrett is a quiet place to study.
🏘️ Community Centers The CÒmara Municipal offers various community activities.
πŸ•ΉοΈ 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 mΒ² (e.g., 40 mΒ² = €116,000)
🏒 Studio Purchase Price (Outside City) Approx. €2,200 per mΒ² (e.g., 40 mΒ² = €88,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €3,000 per mΒ² (e.g., 60 mΒ² = €180,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €2,500 per mΒ² (e.g., 60 mΒ² = €150,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. €3,200 per mΒ² (e.g., 80 mΒ² = €256,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. €2,700 per mΒ² (e.g., 80 mΒ² = €216,000)
πŸ’Ό Corporate Tax 21% standard corporate tax rate.
πŸ’΅ Dividend Withholding Tax 28% for residents.
🏦 Tax System Progressive income tax system, with rates from 14.5% to 48%.
πŸ“ˆ 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.
πŸ’» Attractive Tax System for Digital Nomads Non-habitual residency program offers 0% tax on foreign income for eligible individuals.

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