Lisbon Ranked As Best City to Work for High Earners

Portugal’s capital Lisbon is enlisted as the best city to relocate for investors and high earners who work remotely and enlist global mobility as the foremost priority. Savills, a famous online British real estate research company, has researched a list of top-15 destinations for digital nomads in 2022. Of all the tough competitors, Lisbon has emerged as the evident winner of the ranking and is the best place for remote workers to live in 2022 and beyond.

The foremost reason for Lisbon’s top ranking is the high quality of life this city offers. Lisbon offers the best lifestyle of all the countries mentioned in the list. Lisbon is not only a futuristic city with blooming potential but is also one of the safest cities in the world. The beautiful landscape and pollution-free environment are perfect for those entrepreneurs who seek inspiration and a relaxed atmosphere.

However, when you live in such a luxurious, you typically expect it to be expensive. But Lisbon is quite the opposite of such stereotypes. It is one of the most affordable places to live in Europe. The apartment rents in Lisbon are affordable, which makes it inexpensive for immigrants.

Similarly, you can shift to Lisbon for 10 years by attaining Portugal Golden Visa, one of the most cost-effective residency programs in the European region. Portugal’s government has further relaxed the new immigrants by introducing the NHR scheme that allows new residents to pay substantial tax for a certain period. Besides that, the tax rate for non-residents is only 25%, which is much lower than the tax liable in the other cities mentioned on the list. After Portugal’s golden visa period of 10 years, the resident is eligible for apply for Portugal citizenship.

Portugal is currently ranked as the country with the sixth most powerful passport, with 191 visa-free destinations, which means that by attaining Portugal’s citizenship, one can be assured of global mobility. Entrepreneurs also prefer Lisbon over other cities because Portugal is a part of the European Union.

Moreover, Lisbon has become a tech hub over the past few years and is home to multiple software houses and AI start-ups. The city has some of the best tech universities in Europe, and the work potential among Lisbon’s society is also open-minded and incredible. Over the past few years, multiple international companies have established their offices in Lisbon. Currently, the employment rates aren’t that impressive in Lisbon, which means that you can also find affordable workers.

Broadband connectivity has become another innovative demand in their workspace for tech pros and remote workers. Lisbon has the best Internet connectivity, which is also why immigrants love to live and work in this city.

The director of the Lisbon real estate company, Ricardo Garcia, has emphasized that Portugal is in no state to halt this motion of remote workers. The city will continue to blossom and soon become an international tech platform.

The demand among foreigners for properties in Portugal is ever-increasing. Many immigrants are even willing to pay double the amount as residents for commercial and residential properties in Lisbon.

Besides, people are also flocking to Portugal’s southern Algarve region, which is immensely popular among tourists. James Robison, the director of sales at broker’s agency QP Savills in Algarve, marks exceptional landscape, peaceful environment, and a strong broadband connection as the ultimate reasons for the region’s popularity among digital nomads.

In Savill’s list, Miami bags the second spot as the best place to work for high achievers, while Dubai occupies the third spot. Besides these cities, several Caribbean and Mediterranean regions also made it to the ranking. From listings, it is evident that digital nomads seek a peaceful and a healthy environment with pro-entrepreneurship facilities and policies.