15 Aug 2019
David Elliott
Chief Sub-Editor, Formative Content
Portugal boasts pristine beaches, thousands of hours of annual sunshine and cuisine that includes little custard tarts that are enjoyed far beyond its borders.
Despite these attractions, the percentage of its citizens living abroad is one of the highest in the world. And with a lack of skilled workers and an ageing, shrinking population disrupting the labour market, it’s launched a bid to tempt them to return.
The Regressar scheme offers former residents who have lived away for at least three years incentives to move back. Those who do will have their income tax bills halved for five years. And there’s cash to help with relocation for anyone taking a job.
Portugal already gives investors and job creators the right to live in the country. It offers tax breaks for skilled migrants too. But the new programme wants people back even if they’re not highly skilled or well-paid.
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