Autumn is very present in Portugal and it will be necessary to pay attention during the next days. Indeed, according to the Portuguese Institute of the Sea and the Atmosphere (IPMA), seven districts of mainland Portugal will be on orange alert this Tuesday because of the difficult weather conditions that will run until Wednesday. What is the weather forecast for the next days in Portugal ? Which regions are affected by this orange alert ? Lisbob, the expatriate assistant in Portugal, tells you everything about this orange alert issued by IPMA.
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.
If you have the project to undertake in Portugal, then one of the key steps in starting a business is the legal choice of the entity to be formed. It is important to know all the types of companies that can be incorporated in Portugal, in order to choose the best option to ensure the success of your business. Indeed, even if the legal forms are similar to what can be found in other European countries, Portugal has its peculiarities which make a bad choice of status can lead to many setbacks.
You must always consider the strengths of the future company, the assets to be allocated, the type of responsibility, and the required capital investment. Last but not least, you must decide if it is an adventure that you intend to conduct alone or with other partners. What are the different legal forms for companies and businesses in Portugal? What status to take if the activity is for an individual or for a group? Lisbob, the expatriate assistant in Portugal, tells you everything in this comprehensive guide to all legal forms of business and society, individual or collective in Portugal in 2020.
In this way, to help you make this decision, it follows a list of different legal forms of companies, divided into two categories - individual and collective.
If you use the roads of Portugal, whether as an expatriate or a simple tourist, then you will surely have to go through automatic tolls and gantries and other SCUTS. Payment of tolls is mandatory in Portugal, whether you are a regular user or if it is the only time you use Portuguese roads and tolls. Failure to pay SCUTS in Portugal can result in heavy fines of up to several hundred euros. It is possible to opt for an automatic payment method, that is to say, be billed via your Via Verde box or the chip on your license plate. If you do not have one of these devices you can adjust them in person. How to pay SCUTS and electronic tolls in Portugal ? What are the penalties for forgetting payment of SCUTS ? Lisbob, the expatriate assistant in Portugal, tells you all about the payment of SCUTS and tolls in Portuguese land.
It seems that Pandora's box will be hard to close. Indeed, the Portuguese tax has again been condemned to repay part of the ISV of an imported car. This vehicle? A Mercedes GLS 350D of 2018 for which the Portuguese tax claimed 21.004,94 €. This is already the second case the Tax Authority (AT) is losing in this regard this year, and it looks like it will not be the last. Portugal, justifying this tax for environmental reasons, is still subject to Brussels sanctions concerning this tax, which is considered illegal. Is this the end of the ISV tax? Does this concern all imported vehicles? Lisbob, the expatriate assistant in Portugal, tells you all about this new defeat of the Portuguese tax authorities regarding the ISV tax.
Here is the list of speed radar controls in Portugal for the month of October 2019. Maybe you didn’t know but when you live in Portugal you can know in advance where will be proceed speed controls. LisBob reminds you that this list is not exhaustive and that the Portuguese police can obviously proceed to surprise controls on any road. In addition, even without speed control, do not exceed the limits indicated on the road ! Lisbob, the expatriate assistant in Portugal, shares the list of speed control with radar on the roads of Portugal for the month of November 2019. Let’s go !
During the Web Summit the Portuguese government announces good figures at the level of employment. In fact, the unemployment rate declined in the third quarter of this year to 6.1%. During the last quarter more than 31,000 jobs were created. This rate represents a decrease of 0.2% compared to the second quarter of the year. Nevertheless, these figures have to be put into perspective, in particular because of the fall in the active population and the increase in the number of young people without a job or diploma. The INE, the Portuguese National Institute of Statistics, indicates that this is the lowest unemployment rate since 2011. What is the detail of Portuguese unemployment figures? How to explain this dynamism? Is it the tree that hides the forest? Lisbob, the expatriate assistant in Portugal, tells you all about the latest figures of Portuguese unemployment.
It would seem that the Portuguese strategy to reduce the number of new Alojamento local and curb real estate speculation is starting to bear these fruits. Between January and October 2019, 13,201 new dwellings were registered for a tourist rental activity, 43% less than during the same period in 2018. Lisbon is the region most affected by this drop in new requests, because of the setting up of areas where it is no longer possible to obtain new licenses for tourist rental and Porto is not spared by this fall. Is this good news for people living in big portuguese cities ? What are the figures for this significant drop in Alojameto Local? Lisbob, the assistant of expats in Portugal, tells you all about this drop in registrations.
Foreign investments in the Portuguese real estate market are still on the rise, and once again the French dominate the ranking. Indeed, French investment is the largest in the Portuguese real estate market, with a 21% market share in the first half of 2019, according to the Association of Real Estate Professionals and Enterprises of Portugal (APEMIP). After studying all the activities carried out in the Portuguese real estate sector between January and June, APEMIP claims that foreign investments accounted for 16% of total real estate transactions in Portugal. Which countries are investing the most in Portuguese real estate? Lisbob, the expatriate assistant in Portugal, reveals the ranking of the largest foreign investors in the Portuguese real estate market.
The novel against the Portuguese tax authorities and taxpayers importing foreign vehicles is not over! Indeed, the dispute over the collection of the ISV tax on the import of foreign cars is now before the Constitutional Court. The Portuguese State was ordered in September to return the excess ISV tax on the importation of a foreign vehicle. This conviction has finally been challenged by the Portuguese tax authorities who decide to go to the end of their possible remedies in order to annul this decision which opened the way to remedies by many taxpayers who imported foreign vehicles. What are the consequences of this decision? Is this appeal from the Portuguese tax authorities likely to succeed? Lisbob, the expatriate's assistant in Portugal, tells you all about this turnaround on the ISV tax in Portugal.
Portugal is a country which, behind its deeply conservative roots, is not cold-hearted, on the contrary. Indeed, Portuguese couples know and practice swapping and libertinism as in other European countries for quite some time. Even if the number of places and clubs where to engage in the practice of swapping are not numerous, they are nevertheless of quality and the libertine couples of all Portugal and elsewhere will find their happiness there. Swing Club, swinger club, libertine club, many are the names for the hot spots frequented by naughty couples in Portugal, but the goal is the same: practice swingers in a caring place and with people you trust. What are the best swingers’ clubs in Portugal? Where are the libertine bars and what are the rules? Lisbob, the expatriate's assistant in Portugal, in partnership with MySexyBackPack tells you all about swingers and libertines clubs and bars in Portugal.
The archipelago of the Azores is preparing for the worst. Hurricane Lorenzo, currently category 5 is the highest on the Saffir-Simpson scale, will hit hard the Azores archipelago and especially the group of Western islands. Indeed, the latest forecasts indicate that the center of the hurricane should pass very close to the western group, affecting the entire archipelago next Wednesday. Winds will reach 180 km / h with waves up to 12 meters. What is the weather forecast for the Azores archipelago? What is the trajectory of Hurricane Lorenzo? Lisbob, the expatriate assistant in Portugal, tells you everything about Hurricane Lorenzo and its impact on the Azores archipelago.
For the first time in six years in Portugal, home sales recorded a negative trend in the second quarter of 2019 compared to the previous year. In contrast, the price index rose by 10.1% over the same period. This decline was anticipated by specialists in the Portuguese real estate sector, its magnitude is now known: 6.6% decline. These figures are available in the latest study published by the National Institute of Statistics of Portugal. Is this decline in the number of transactions accompanied by a rise in prices a reversal of trend, or a simple pause in the Portuguese real estate market? What are the official figures of Portuguese real estate? Lisbob, the expatriate's assistant in Portugal tells you all about this decline in home sales in Portugal.
Could Pandora's box have been opened ? This is the question that can be asked after the final conviction of the Portuguese tax authorities by the Supreme Court of Portugal. Indeed, the Supreme Administrative Court upheld the decision of the arbitral tribunal, which obliges the Portuguese tax authorities to return part of the ISV paid upon the importation and registration of a used foreign car. This decision will be a precedent and will serve as a basis for future decisions in similar cases. And many expatriates who are now wondering whether they can also claim a refund of the ISV tax that is often debated, both the amount and conditions of exemption are considered "hard" or even illegal according to Brussels. What is the final decision of the Portuguese Supreme Court on the ISV tax ? Will we see the ISV tax disappear ? Can we ask for a refund ? Lisbob, the expatriate assistant in Portugal, tells you all about this decision to refund the ISV tax for an imported car.
Portugal is attracting more and more foreign pensioners who decide to live happy days away from their country of origin. Also, many Portuguese or Luso-descendants who return to their country to retire there. Although each decision has its own reasons, Portugal benefits from several assets that make the country a landmark destination for retirement. Cost of living, security, weather, each retiree will have his own reasons for having decided to retire in Portugal. In order to help you in your decision and remaining as objective as possible, we have listed for you the best reasons to live your retirement in Portugal. Lisbob, the expatriate assistant in Portugal, tells you all about the 10 good reasons to retire in Portugal.
A fire broke out in the middle of Lisbon in the early afternoon, resulting in 5 light injuries and huge smoke visible throughout the Portuguese capital. This Thursday, in full red alert for the extreme temperatures and the risks of fire, the district of Penha da França ignited, more exactly in Vale de Santo António. These fires were responsible for 5 minor injuries (4 civilians and 1 fireman), and evacuation of local residents. Lisbob, the assistant of the expats in Portugal, tells you all about this fire in Lisbon.
Do you know the nickname of the TAP? "Take Another Plane". This is surely what the passengers of the Lisbon - Venice flight now say. Indeed, one of the engines of the TAP Airbus A320, which would connect the Portuguese capital to Venice, exploded on Wednesday afternoon just before takeoff on one of the runways at Humberto Delgado airport. TAP confirmed that the aircraft had suffered a "technical engine failure" and that the take-off "was immediately interrupted". Lisbob, the expatriate assistant in Portugal, tells you everything about this incident that will not improve the reputation of Lisbon airport.
September is very warm cin Portugal ! Indeed, the National Authority for Civil Protection and Emergency Situations (ANEPC) today launched a red alert in 13 districts in the center and north of the country, because of the high temperatures expected for the next days and the increased risk of fires. The red alert, the highest, will be effective between 00:00 Wednesday and 23:59 Sunday, announced the national commander of the ANEPC, Duarte Costa, at a press conference in Lisbon. Which are the 13 districts with red alert ? Lisbob, expats assistant in Portugal, tells you everything about this.
Here is the list of speed radar controls in Portugal for the month of October 2019. Maybe you didn’t know but when you live in Portugal you can know in advance where will be proceed speed controls. LisBob reminds you that this list is not exhaustive and that the Portuguese police can obviously proceed to surprise controls on any road. In addition, even without speed control, do not exceed the limits indicated on the road ! Lisbob, the expatriate assistant in Portugal, shares the list of speed control with radar on the roads of Portugal for the month of October 2019. Let’s go !
Lisbon is not recognized as the cleanest and most hygienic city in the world. Indeed, there are many concerns of garbage collection, cleaning of public spaces, even if the Portuguese capital makes efforts on this point. Unfortunately, this year saw the invasion of 2 species: cockroaches and rats. Since May, the number of complaints has exploded, and hygiene services are overwhelmed. A Rat-disinfestation has already occurred this week, but it seems that the problem is persistent. Which neighborhoods in Lisbon are affected by this invasion of rats and cockroaches? What are the measures taken by the city hall of the Portuguese capital? Lisbob, the assistant of the expats in Portugal, tells you all about this invasion which is cold in the back.