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Tips, Retire
Marc Martin - Portugal
Do You Need a Fiscal Representative in ...

If you have financial interests in Portugal but live outside the European Union (EU) or European Economic Area (EEA), you may be required to appoint a fiscal representative. This guide will explain why a fiscal representative is essential, who needs one, and how it can help you navigate the complexities of Portuguese tax laws. From ensuring compliance with tax regulations to assisting with the application process for a NIF (tax identification number), a fiscal representative can be a crucial partner for non-residents doing business or owning property in Portugal. Read on to find out if you need one and how it can benefit you.

Do You Need a Fiscal Representative in Portugal? A Complete Guide for Non-EU Residents
Culture & Tradition, Visits
Marc Martin - Portugal
Top 9 of Lisbon's best districts to live in

Lisbon is a cosmopolitan and dynamic city, with many different neighbourhoods, each with its own atmosphere and lifestyle. If you're looking for a place to settle down, it's important to compare Lisbon's different neighbourhoods before deciding where to put down your boxes. I'm Lisbob, the expat assistant, and I've come up with my list of the best areas in Lisbon to move to, in no particular order.

Top 9 of Lisbon's best districts to live in
Culture & Tradition, Tips
Marc Martin - Portugal
9 hidden costs of living in Portugal

Moving to Portugal is an exciting adventure, but it comes with some hidden costs that can catch expats by surprise. From property maintenance to social security contributions, these expenses can add up quickly if you're not prepared. Today, we're uncovering the top 9 hidden costs of living in Portugal to help you plan better and avoid any unpleasant financial surprises. Ready to get the inside scoop? I’m Lisbob, your trusty expat assistant, here to guide you through it all.

9 hidden costs of living in Portugal
Culture & Tradition, Tips
Marc Martin - Portugal
9 secrets locals don’t tell you about Portugal

Moving to Portugal is an exciting journey, but there are a few secrets locals don’t usually share. These hidden gems and insights can make a huge difference in your expat experience. Today, we’re uncovering the top 9 secrets locals don’t tell you about Portugal. Ready to get the inside scoop? I’m Lisbob, your trusty expat assistant, and I’m here to guide you through it all.

9 secrets locals don’t tell you about Portugal
Culture & Tradition, Tips
Marc Martin - Portugal
9 mistakes expats make when moving to Portugal

Moving to Portugal is an exciting journey, but it’s easy to fall into some common traps. From underestimating the bureaucracy to mismanaging finances, there are plenty of pitfalls that can make your transition harder than it needs to be. Today, we’re diving into the top 9 mistakes expats make when moving to Portugal and how you can avoid them. By being aware of these, you can ensure a smoother, more enjoyable move. Ready to get started? I’m Lisbob, your trusty expat assistant, and I’m here to guide you through it all. 

9 mistakes expats make when moving to Portugal

novo banco

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Portugal will have to inject 3 billion euros by 2021 to save Novo Banco, which never stops flowing

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Portugal will have to inject 3 billion euros by 2021 to save Novo Banco, which never stops flowing

Capital injections from the Portuguese state to save Novo Banco will cost € 2.9 billion between 2018 and 2021, if all goes well, says the Portuguese Public Finance Council. For the year 2020 the Portuguese government has planned to inject another 600 million euros into Novo Banco, via the Resolution Fund, following the losses reported by the bank. However, the financial situation of Novo Banco is worse than it seems, and Brussels knows it well. In the chapter dedicated to Portugal, in the new autumn forecasts, the European Commission estimates that, at a minimum, the Portuguese state will be asked to inject 653 million euros next year (0.3% of GDP) because of this year's losses as well as to improve its capital ratios. Mario Centeno, Portuguese Minister of the Economy, predicted 600 million in April. How much does Novo Banco cost? What is the financial situation of the "new bank"? Lisbob, the expatriate assistant in Portugal, tells you all about the new losses of the Novo Banco.

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Novo Banco will ask 541 million euros more to Portuguese taxpayers

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Novo Banco will ask 541 million euros more to Portuguese taxpayers

Novo Banco, born on the smoking ashes of the BES in 2014, estimates that it has to ask for at least 541 million euros more to the resolution fund in order to be saved. The Portuguese bank announced this need in its report on the results of the first half of this year. On their side, Portuguese MPs approved a draft resolution recommending to the government an independent audit of Novo Banco to know when this bottomless pit will stop. In addition, Novo Banco recorded a loss of 400.1 million euros in the first half of this year, compared with 212.2 million euros for the same period in 2018, which means that the situation is not improving. What is the statement of Novo Banco in the middle of the holidays? Who will pay the bill? Lisbob, the assistant of the expats in Portugal, tells you all about this new loss of Novo Banco.

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Novo Banco loses 1.4 billion euros again and all taxpayers in Portugal will have to pay : 140 € per person

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Novo Banco loses 1.4 billion euros again and all taxpayers in Portugal will have to pay : 140 € per person

Novo Banco is the "new bank", named after the bankruptcy of the BES, Banco Espirito Santo a few years ago and continues to plague the accounts of Portugal and Portuguese. Indeed BES no longer exists since 2014 but its "new bank" comes losses of 1.4 billion euros and calls for resolution fund under the equity mechanism. More than half of this amount results from losses recorded in problematic assets inherited from the BES, and more than 350 million euros are due to regulatory requirements. But when Novo Banco loses money, all Portuguese taxpayers have to pay. Indeed the Resolution Fund is a fund powered by public money. In total, each Portuguese taxpayer will contribute € 140 to save the Novo Banco again. How will Portugal's finances be impacted? Lisbob, the expatriate assistant in Portugal, tells you all about this new loss of Novo Banco.