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Enjoy the excellent quality of life in sunny Portugal, safe in the knowledge your finances are secure.


your general wealth management needs


with pensions, savings & investments


your money works for you

Average yearly wage

1,144.61 EUR

Average retirement age

66 years 5 months

Average weekly working hours

39.5 hours


Euro (EUR)

We are one of the most comprehensive and experienced wealth management companies around and our range of holistic financial planning services covers all your needs whether you are in the world.

Living in Portugal

Many expats move to Portugal to enjoy the year-round sunshine, delicious food, and breath-taking beaches. The cost of living is also relatively low when compared with other EU countries, making it an extremely attractive option.

An estimated 480,000 expats live in Portugal, 60,000 of which are from the UK, with many wishing to take advantage of the country’s pension taxation rates. Move here, and as a non-habitual resident, you won’t be taxed on your pension for your first 10 years in the country, and following that, are only taxed at marginal rates.

Whether you wish to move to Portugal to work, bring your family up or retire; make the most of your time in the country by enabling us to help you with your future financial plans.

Benefits of living in Portugal

The cost of living in Portugal may be low, and the tax rates favourable, but that’s not the only reason why expats flock to this beautiful country. In fact, there are several benefits to moving to Spain’s neighbour.

300 days of sunshine a year

It’s claimed that Portugal enjoys 300 days of sunshine every single year, which is a stark contrast to the weather in the UK. The summers are hot, and the winters mild – daily temperatures are usually between 10-16 degrees Celsius, although the coastal towns tend to get quite wet. As such, expats can enjoy an outdoor lifestyle year-round.

Friendly locals

One of the most daunting parts of relocating to a different country, is the ability to make new friends. The Portuguese are extremely friendly and hospitable, and are often very happy to speak to expats. If you live next to a Portuguese family, expect to be invited to spend long, lazy afternoons together, sipping coffee.

Beautiful beaches

Boasting more than 850km of coastline, Portugal has a vast array of beautiful sandy beaches – which aren’t just confined to the Algarve. From long, sandy stretches and shallow waters, to hidden coves, dramatic cliffs, and choppy waters ideal for a wealth of water sports; the beaches are as varied as the country itself.

Best cities to move to in Portugal

Expats who are moving to Portugal will need to decide where to settle. Offering a mixture of big cities, charming towns, and quaint seaside resorts; there’s an area in Portugal to suit every lifestyle.


  • Pint of beer: 2 EUR (£1.80)
  • Cappuccino: 1.62 EUR (£1.47)
  • Meal in a restaurant: 8 EUR (£7.23)
  • Monthly public transport pass: 40 EUR (£36.17)
  • Population: 504,718

Expats move to Lisbon due to the vast employment opportunities in the property, IT, and aerospace industries. When choosing where to live in Portugal’s capital, Bairro Alto and Avenidas Novas are popular amongst professionals, whereas Alfama – the oldest neighbourhood in the city – is a favourite with families.

Lisbon offers an excellent quality of life for expats. The bright, warm sunshine means you can make the most of the great outdoors, with several beautiful beaches located just a short drive away. If you choose to stay in the city during your weekends and days off; visit St. George’s Castle, ride on one of the quaint trams, and sample a world-renowned Pastéis de Nata.


  • Pint of beer: 2.25 EUR (£2.70)
  • Cappuccino: 1.90 EUR (£3.05)
  • Meal in a restaurant: 9.50 EUR (£15.30)
  • Monthly public transport pass: 32 EUR (£25.65)
  • Population: 58,664

Those who want to move to Portugal and enjoy a relaxed pace of life, move to Faro. The capital of the Algarve, Faro still offers a city feel, but is surrounded by beautiful countryside.

With countless beaches and numerous golf courses located throughout the region, relocate here, and you’ll get to enjoy a relaxed outdoor lifestyle. The city of Faro is also well connected with the rest of Portugal, with several internal flights to Lisbon and Porto, as well as flights to large cities in Spain.

Whilst the Algarve is seen as a popular retirement destination, there are still many employment opportunities available – most notably in the construction, retail, and tourism sectors.


  • Pint of beer: 2 EUR (£1.80)
  • Cappuccino: 1.58 EUR (£1.42)
  • Meal in a restaurant: 7 EUR (£6.30)
  • Monthly public transport pass: 35 EUR (£31.45)
  • Population: 214,349

Located in northwest Portugal by the coast, Porto is renowned for its wine production – in fact, the Douro Valley has produced port since the 17th century.

The Douro river runs right through the heart of the city, by the winding cobblestone streets of Ribeira, which are lined with colourful houses, and quaint coffee shops and restaurants. The beaches are just a tram ride away too, and despite having a city feel, Porto has a much more laid-back atmosphere.

Foz de Douro is a popular area for expat families to settle, whereas professionals prefer Vila Nova de Gaia, which boasts some of the best restaurants – and views – in the city.

Managing your finances in Portugal

With offices in Lisbon and the Algarve, we strive to ensure that all of our clients receive sound financial advice and products that are beneficial for them.

Whether you want to find out more about international pensions, such as QROPs or SIPPs advice, or help with tax planning and inheritance rules, we’re here to help. We can also help you to navigate any bureaucratic issues or cultural differences; with our expert team dedicated to helping you meet your objectives.

To get in touch, simply fill out the form above; or call our Lisbon office on +351 214 648 220, or the Algarve team on +351 289 355 685. Alternatively, find out more about moving to Portugal with our guides on Portuguese residents with UK pensions, and the benefits of life assurance in Portugal.

Contact the Portugal Office

Edificio Jomavipe
Rua Cesaltina Fialho Gouveia, 703
2645-038 Cascais

Tel: +351 214 648 220

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Blacktower was created to bring independent wealth management advice and financial planning solutions to a global client base. Since its inception over 30 years ago, the business has grown from strength to strength into one of the most recognised industry leaders.

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