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Ericeira, Portugal | Where should I setup a bank account in Ericeira? | Expat Exchange
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Where should I setup a bank account in Ericeira?

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We asked expats in Ericeira what banks they use and there advice about banking. They advised...

"Ericeira is a popular destination for expats, particularly those from the UK, due to its beautiful beaches, warm climate, and affordable cost of living. Before retiring in Ericeira, it's important to understand the local culture, language, and lifestyle. Firstly, learning Portuguese will be beneficial as it is the official language of Portugal. While many locals and expats speak English, especially in tourist areas, knowing the local language can help you integrate better into the community. Healthcare in Portugal is of a high standard and is affordable. Expats are eligible for public healthcare once they become residents, but many also choose to have private health insurance for more comprehensive coverage. The cost of living in Ericeira is generally lower than in many other European countries. However, it's important to budget carefully and consider all potential expenses, including housing, utilities, groceries, healthcare, and leisure activities. Portugal has a favorable tax regime for foreign retirees, known as the Non-Habitual Resident (NHR) scheme. This allows for a tax-free pension for ten years, but it's important to seek professional advice to understand the implications and process. Portugal is known for its relaxed pace of life, which can be a significant change for those used to a fast-paced lifestyle. This slower pace extends to many aspects of life, including business transactions, which can take longer than expected. The climate in Ericeira is mild, with warm summers and cool, wet winters. The town is known for its world-class surfing conditions, so it's a great location for those who enjoy water sports. Portugal has a safe and reliable public transportation system, and Ericeira is well-connected to larger cities like Lisbon. However, having a car can be beneficial for exploring more remote areas. Finally, it's important to understand the process of buying property in Portugal, as it can be different from other countries. It's recommended to hire a local lawyer to help navigate the process and ensure all legal requirements are met," remarked another expat who made the move to Ericeira, Portugal.

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Where should I setup a bank account in Ericeira?

If you live in Ericeira, newcomers to Ericeira would love to hear your answer to this question.


William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
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William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
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