Often asked: Why Live In Madeira?

Is it expensive to live on Madeira?

The cost of living in Madeira is considerably lower than in the rest of Europe, but it obviously depends much on your lifestyle. Most goods are cheaper than in other EU countries, including the price of real estate, rent, food, drinks and entertainment.

Where should I live in Madeira?

Here are our top areas to live in Madeira.

• São Martinho. One of the most popular tourist destinations on the island, São Martinho manages to be at once quiet and in possession of a buzzing social calendar.
• Ponta do Sol. The ‘bridge of the sun’ is the number one choice for nature lovers.
• Calheta.
• Funchal.

Can UK citizens live in Madeira?

Entry and residence requirements EU citizens may remain in Portugal for a maximum of 3 months without registering. If you intend to remain in Portugal for more than 3 months, you must apply for a registration certificate from the Town Hall (Câmara Municipal) in your area of residence.

Can I retire in Madeira?

A Newly Found Freedom in the Sun Retiring in stunningly beautiful Madeira is reasonable, so you needn’t deplete your retirement account to get by. With average temperatures in the 21ºC, there will be no expensive heating or fuel bills to pay, and you certainly won’t need to buy another winter coat.

Is Madeira a nice place to live?

Madeira has a lot to offer to tourists as well as to the permanent residents. Everything you need is possible to find on an island. It is a good place for those who want to live away from the hustle and bustle of a city as it is close to nature and an island lifestyle.

Is Madeira a poor country?

Madeira is home for one of the poorest regions in all Europe. Madeira as a Gross domestic product per capita of 103% of the European average. It is s reported to be the second richest region of Portugal, right after the Portugese capital, and yet manages to have such poverty.

Is it easy to move to Madeira?

Madeira is a land of marvellous landscapes and living there has never been easier. For those who are looking for a different lifestyle than the mainland has to offer, Madeira can be appealing, but you need to keep several factors in mind.

Can foreigners buy property in Madeira?

Yes buying property in Madeira is allowed to foreigners, anyone with a clean criminal record and from any nationality. If you are a European national, you can live permanently and obtain residency status of the island of Madeira without any authorisation being granted.

How cold does it get in Madeira?

On the coast, daytime temperatures hover around 20/21 degrees Celsius (68/70 °F) from December to April, and reach 25/26 °C (77/79 °F) from July to October. It rarely gets cold, however, from January to March there can be cool days, with highs around 15 °C (59 °F).

Can I retire to Spain after Brexit?

Yes, you can still retire to Spain after Brexit but the conditions are more stringent and complicated. They involve showing proof of income and savings to show that you can support yourself in Spain. Healthcare is also an issue and receiving your pension if you are not already a resident of Spain.

Where can I retire to from UK after Brexit?

Depending on the terms that the government negotiate under Brexit, it is possible that UK citizens may lose the right to work or live in the EU without obtaining a visa. Currently, UK citizens can retire to places such as Spain, Italy and France.

Can I still retire to Portugal after Brexit?

The Non- Habitual Residency (NHR) is an appealing way to move, or retire, to Portugal after Brexit. The NHR scheme allows for most foreign income to be exempt from Portuguese taxation for ten years. If you are looking to retire in Portugal, you can benefit from just 10% tax on your pension.

Can I retire to Madeira from UK?

Retiring to Madeira from the UK The easiest way is through the Portugal Golden Visa programme. Once you’ve successfully obtained this visa, you will have 5 years of residence in Portugal. At the end of those 5 years, you can apply for citizenship or permanent residency.

Can I buy a house in Madeira?

Buying property in Madeira is permissible to all nationalities. European nationals can buy here without any need for a residence permit, as long as they spend less than 183 days per year on the island. For further specific information, please contact the Portuguese consulate in your country of residence.