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Lisbon still attractive for digital nomads

Set 1, 2024 | AT Autoridade Tributária e aduaneira | 0 comments

The Portuguese capital continues to occupy one of the top positions in the table that analyses 25 destinations worldwide.

The “Savills Executive Nomad Index”, a ranking that analyses the 25 best destinations worldwide for Digital Nomads, places the city of Lisbon in 5th place worldwide, only behind Dubai and Abu Dhabi (both in the United Arab Emirates – UAE), Málaga (Spain) and Miami (USA). This makes the Portuguese capital the second European city in this ranking, only behind Málaga and ahead of cities such as Barcelona and Palma de Mallorca (both in Spain).

Also noteworthy is the Algarve region, which appears in this “Savills Executive Nomad Index” in 9th place.

Miguel Lacerda, Lisbon Residential Director at Savills Portugal, highlights that “Lisbon has remained among the top five destinations for Digital Nomads since we launched our index in 2022”. For the director of Savills Portugal, this is largely due to “the high quality of life that Portugal offers compared to many of its peers, combined with strong performances in all other categories – although rising residential property rents are becoming a pressure point”.

In addition, “connectivity, innovation, a diverse cultural scene and a good climate all year round are key factors that make Lisbon attractive to Digital Nomads. The capital is a strong option, especially based on its authenticity, its potential in terms of the talent of its professionals and an increasingly present international business community. These aspects are crucial for the city’s long-term success as a hub for Digital Nomads”.

All the locations studied have a digital nomad visa program or equivalent, or in the case of the US and European countries, are part of a large economic bloc that allows free movement of people to live or work. Highlights common to these destinations include a favorable year-round climate, a high quality of life and an established prime residential property market.

Please do not hesitate to contact us if you need more informtion on the Tax situaion of the digital nomads in Portugal

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