Where should I setup a bank account in Coimbra?

"Expats considering retirement in Coimbra should be aware that the cost of living is generally lower than in many other European countries, making it an attractive option for retirees. The city offers a high quality of life with its rich history, beautiful architecture, and vibrant cultural scene. Healthcare in Portugal is of a high standard and is affordable, with both public and private options available. Expats are eligible for public healthcare if they are residents and contribute to the social security system. The official language is Portuguese, and while English is spoken in many places, it is beneficial to learn some basic Portuguese to help with day-to-day life. The climate in Coimbra is Mediterranean, with hot summers and mild, rainy winters. Portugal has a favorable tax regime for foreign retirees, known as the Non-Habitual Resident (NHR) scheme, which can provide significant tax benefits for a period of ten years. Portugal is generally safe, but like any city, Coimbra has areas that are safer than others, so it's important to research neighborhoods before choosing a place to live. Public transportation in Coimbra is reliable and affordable, with a comprehensive network of buses and trains. However, owning a car can be beneficial for exploring the surrounding countryside. Portugal has a relaxed pace of life, which can be a significant change for those used to a fast-paced lifestyle. Finally, it's important to understand the process of obtaining residency in Portugal, which involves providing proof of income and health insurance, among other requirements," commented one expat who made the move to Coimbra, Portugal.

Portugal Residency Advisors
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Portugal Residency Advisors is a full-service consulting firm dedicated to providing personalized services to individuals and families seeking to relocate to Portugal. With a team of experienced professionals and strategic partnerships, we are well-positioned to assist clients with all aspects of the relocation process.

Click connect to have our partner contact you via e-mail and/or phone.

Portugal Residency Advisors

Portugal Residency Advisors is a full-service consulting firm dedicated to providing personalized services to individuals and families seeking to relocate to Portugal. With a team of experienced professionals and strategic partnerships, we are well-positioned to assist clients with all aspects of the relocation process.
Connect

Click connect to have our partner contact you via e-mail and/or phone.