Portugal Ranks on 2023 Time Out’s “40 Coolest Neighborhoods in the World”

Every year, Time Out magazine compiles a list of the 40 most fascinating neighbourhoods across the globe. In the 2023 edition of this prestigious ranking, Portugal has earned a noteworthy mention for one of its own neighbourhoods. Specifically, Costa da Caparica, a charming town secured the 18th position on this distinguished list. Located in close proximity to the capital city of Lisbon, accessing this picturesque town is as simple as crossing the iconic 25th of April Bridge.

Upon arriving in Costa da Caparica, visitors are instantaneously captivated by its unique charm. Nestled along the coast, this town is renowned for its beautiful beaches, exceptional culinary offerings, and ideal conditions for surfers and beach lovers. Costa's expansive sandy shores, pleasant climate, and delectable seafood options make it an appealing destination for enthusiasts of fish dishes.

This represents an exceptional opportunity to immerse oneself in a safe and welcoming European culture. The lifestyle along this slice of Portugal's coast could arguably be described as paradise. 

Therefore, this destination has been increasingly sought after as a residence by people from various parts of the globe, from digital nomads to retirees, also encouraged by the Non-Habitual Resident (NHR) tax regime that offers tax benefits by exempting or reducing income tax on certain income categories for 10 years.

Please note that the Non-Habitual Residence (NHR) tax regime will be discontinued by the end of 2023. However, eligible individuals can still apply until December 31, 2023, including those with a valid residence visa at that time, as long as the registration process is submitted by March 31, 2024.

Time Out's ranking is based on the input of thousands of urban residents and insights from ranked experts. To ensure accuracy and reliability, Time Out meticulously selected 12,000 respondents to weigh in on these inquiries. Subsequently, they refined their selections with the insights of city editors and local experts. This diligent process culminated in the compilation of the "40 Coolest Neighborhoods in the World" list, highlighting the most remarkable places across the globe.

If you have any further inquiries or require assistance regarding Portuguese residence, please do not hesitate to get in touch. We are here to offer our support and guidance.