Finance

Instant 24/7 bank transfers arrive in Portugal

Instant 24/7 bank transfers arrive in Portugal

If you already live in Portugal, then the banking system and its peculiarities may have surprised you. Having to wait for a long time for the distributor to pay his bills or hurry up before 3 pm to hope that his transfer starts on time, is a common thing in Portugal. But things will change. Indeed, it is now possible to make immediate bank transfers, that is to say in a few seconds. The Bank of Portugal announced on Wednesday 19 September that its payment system already allows immediate transfers, even between different banks. Immediate shipments can be made 24 hours a day, 7 days a week, 365 days a year. Funds are available in ten seconds. The bank supervisor pointed out that adherence to this system is optional on the part of financial institutions. How does this immediate transfer system work? What are the conditions? Bob, the expatriate's assistant in Portugal, tells you everything about immediate transfers.

Freelance : all the new rules on your rights and duties as a self-employed person in Portugal

Freelance : all the new rules on your rights and duties as a self-employed person in Portugal

Work as a freelancer in Portugal can be quite complicated specially when you don't speak Portuguese. Hopefully Bob is here to explain to you the new rules if you are a self-employed person in Portugal. The Portuguese Government has decided to modify the social protection rules in case of sickness, unemployment and parenthood for all self-employed in Portugal as from 1 July 2018. Indeed, a decree has been promulgated and it changes the rules for people working as a freelancer in Portugal. Disability, unemployment, parenthood, many points are changed regarding the rights and duties of freelancers in Portugal. What are the new rules for people working as freelancers in Portugal ? Which deadlines are modified ? Bob, the expatriate assistant in Portugal, tells you all about the changes to the rights and duties of freelancer in Portugal.



Lisbon is renting 36 accommodations from T0 to T3 starting from 124 €

Lisbon is renting 36 accommodations from T0 to T3 starting from 124 €

The Lisbon City Council has just opened the applications to be able to rent low-rent housing from € 124. Good news for those who cannot find affordable rental housing in Lisbon and are already thinking about fleeing to the suburbs. Do not pack your bags now because the Lisbon City Council has just opened applications for 36 low-rent housing units since Monday, July 2, 2018. What is the price of these homes ? How to be a candidate ? Which areas are concerned ? Bob, the expatriate assistant in Portugal, tells you all about low-rent housing in Lisbon.


How to pay Imposto Único Circulação IUC tax online, step by step

How to pay Imposto Único Circulação IUC tax online, step by step

If you own a vehicle registered in Portugal you must pay every year the Unique Tax on Traffic (Imposto Único Circulação) IUC. You may have probably already received an email from Finanças regarding the payment of this tax. It is a mandatory tax for everyone who own a vehicle in Portugal. But when you don't speak or understand Portuguese this simple task can become a nightmare. When to pay the Imposto Único Circulação ? How to pay the IUC directly on the Finanças portal ? How to verify that we have paid the IUC ? Bob, the Expats Personal Assistant in Lisbon and Portugal explains everything step by step.

Real estate and consumer loans in Portugal: discover the new rules

Real estate and consumer loans in Portugal: discover the new rules

New rules on mortgages and consumer loans in Portugal were introduced as of Sunday, 2 July. As an expatriate, it is sometimes difficult to know the different rules in norm of credits house or consumer especially when one does not speak the language. If you want to buy a house in Portugal read this: The Bank of Portugal has published new rules that apply to borrowers as well as banks and they change the way you can borrow. What is the maximum debt ratio accepted? What is the maximum percentage loaned by banks to buy a house in Portugal? What is the term limit of a home loan or consumer loan? Bob, the expatriate assistant in Portugal, tells you all about the new rules introduced by the Bank of Portugal on consumer loans and mortgages, so that buying a house in Portugal becomes a pleasure.

Increase of the minimum wage in Portugal : the Portuguese Employers’ Union promises a "surprise" and an amount greater than 600 euros in 2019

Increase of the minimum wage in Portugal : the Portuguese Employers’ Union promises a "surprise" and an amount greater than 600 euros in 2019

In Portugal good surprises sometimes come from the bosses. The minimum wage is € 580 gross in 2018 in Portugal and this amount has seen several increases in recent years. At each discussion of the Portuguese State Budget, the workers 'and employers' unions negotiate and defend their interests and defend their work. But this year the CIP, the equivalent of the Employers’ Union in Portugal, could create a surprise by proposing an increase in the minimum wage beyond the expectations of all unions. Indeed, the boss of the CIP said that we should expect a surprise concerning the increase of the Portuguese minimum wage. What are these statements of the Portuguese Employers’ Union ? What is the proposed amount ? Bob, the expatriate assistant in Portugal, tells you everything about raising the minimum wage in Portugal.


Real Estate : All taxes when buying a house or property in Portugal

Real Estate : All taxes when buying a house or property in Portugal

When you decide to move abroad and buy a house or other property in Portugal, it is essential to weigh all the costs associated with it. In addition to notary fees and administrative costs, you should pay particular attention to taxes on the purchase of goods. While putting aside the financial weight of a home loan, it is true that all the other costs associated with buying a home in Portugal mean that the total amount of the purchase of the property becomes much higher. The first step will be to find financing tailored to your needs and your payment capabilities. What are the taxes when buying a house in Portugal? What taxes to pay when you buy a property ? Bob, the expatriate assistant in Portugal, tells you everything.

All about the periodic VAT declaration as a self-employed worker in Portugal

All about the periodic VAT declaration as a self-employed worker in Portugal

If you live and work as a freelancer in Portugal then the question of VAT collection or not is an important topic. It is essential for the success of your freelance activity to know the particularities of the VAT declaration in Portugal. Indeed in case of bad information transmission you expose yourself to sometimes heavy fines which can mean the end of your activity. What is periodic VAT return? How to fill it correctly? Bob, the expatriate assistant in Portugal tells you all about the periodic VAT return in Portugal for the self-employed.

5 mistakes to avoid when working as a freelancer in Portugal

5 mistakes to avoid when working as a freelancer in Portugal

Going to live in Portugal and working there as a self-entrepreneur is an intensely exciting adventure. Every day new opportunities, ideas and challenges come to expats who are tempted by the freelance adventure in Portugal. One of the most important challenges as an expatriate in Portugal is of course the language. When it comes to important topics like your career as a freelancer it is essential to avoid some mistakes that can sometimes be very expensive. So that your "portuguese dream" does not end earlier than expected, Bob has gathered for you the 5 mistakes to avoid as a self-employed person in Portugal. With these tips no doubt you will already have fewer (bad) surprises and you can focus on your success.

Entrepreneur : How to start a business in one hour in Portugal, step by step

Entrepreneur : How to start a business in one hour in Portugal, step by step

You have made the decision to live in Portugal and to embark on entrepreneurship, so this article is for you. Did you know that it is possible to open a business in one hour in Portugal? In recent years, portuguese administration has modernized and simplified the process of setting up a company in Portugal. He has also set up a "Empresa na hora" department (your company within an hour) so that entrepreneurs can save time. What are the stages of creating a company? How to start your business in one hour in Portugal? Bob, the Expatriate and Entrepreneur Assistant in Lisbon and Portugal tells you everything.

Am I entitled to unemployment benefits in Portugal?

Am I entitled to unemployment benefits in Portugal?

Portugal is one of the best places to live and work. However, it may happen that your professional relationship with your employer or your clients ends. If you lose your job or cease your self-employment activity, you must meet several conditions to qualify for unemployment benefits in Portugal. Until now it was complicated for a non-Lusophone to know his rights to unemployment benefits in Portugal. Thanks to Bob, the Expats Personal Assistant in Lisbon and Portugal this period is over. What are the conditions to benefit from subsidio de desemprego? Am I entitled to unemployment benefits in Portugal? Bob helps you live better and work in Portugal and tells you everything.

Freelancer : How to fill and issue a Recibo Verde in Portugal, step by step

Freelancer : How to fill and issue a Recibo Verde in Portugal, step by step

If you make the decision to live and work in Portugal as a freelancer, then you will have to fill out and issue Recibo Verde. This is the invoice that formalizes your service and the transfer of money between buyer and seller of goods or services. This allows Finanças to be aware of all activities. As a self-employed worker in Portugal it is possible to do it online but it is however very important to inform all the information in order to avoid huge fines. Bob, the Expats Assistant in Lisbon and Portugal, tells you everything about how to fill and issue a Recibo Verde in Portugal, step by step.

How to calculate the net salary from gross in Portugal?

How to calculate the net salary from gross in Portugal?

When it's time to make the decision to come to live and work in Portugal, topics such as real wages and purchasing power come back regularly. Calculating net take-home pay in Portugal is a different exercise than in other countries and it is important to know it in advance in order to live serenely. If you are planning to come to work in Portugal then this article is for you. What is the average salary in Lisbon and other cities? How to calculate the net salary from gross in Portugal? Bob, the Expats Personal Assistant in Lisbon and Portugal tells you everything.

Taxes: How to register bills in Portugal step by step ( and receive a larger tax refund )

Taxes: How to register bills in Portugal step by step ( and receive a larger tax refund )

You have communicated your Numéro de Contribuente for each purchase made or service ordered, so you have made halfway to claim a tax refund. In Portugal giving your NIF is not the only thing that you have to do. It is necessary to register receipts on the website of Finanças and to give sort them by category. How to register your bills in Portugal? What information to communicate? How to optimize your invoices registration to receive an even greater tax refund? Bob, the Expats Personal Assistant in Lisbon, tells you everything.

Contribuente: Why giving your NIF can make you money (and even more)

Contribuente: Why giving your NIF can make you money (and even more)

"Contribuente on the bill?" This question comes back eternally when one lives in Portugal and for those who do not know this subtlety of the Portuguese system are surprised and do not necessarily understand everything on this subject. Is it obligatory to communicate it? What is the risk if we do not give it? What can be earned by giving it? Bob answers you right away.

Working in Portugal ? Here is why your net salary will drop from January

Working in Portugal ? Here is why your net salary will drop from January

The Portuguese Parliament approved the new fiscal law 2018 that includes the end of the system of payment of the subsídios of Ferias and Natal spread over the year and this from January 1th. At the end of the year the net amount received will be the same but the effects for the first months of the year will be more or less important depending on your income and which option you choosed regarding subsídios. The net amount that you will receive at the end of January will be lower than last year (if you have opted for the spread of the payment of subsídios). This measure also applies to public employees and retirees in 2018.