The World Travel & Tourism Council estimates that tourism in Portugal will expand by 5.3% in 2019, more than double the European average of 2.5%. Last year, the sector grew by 8.1%, contributing €38.4 billion to the Portuguese economy, a total of 19.1% of the country’s overall economic activity.
Despite an increase of three tenths, Portuguese taxation remained below the European average last year. In Portugal, the weight of taxes reached 40.2% of GDP and in the Euro Zone, 41.4%. France had the heaviest load (48.4%) and Ireland the lightest (23.5%).
Lisbon was the fifth most popular destination for European holidaymakers in 2017, registering a 17% jump when compared to the year before. Porto came in ninth place, 12% above 2016. Registering a 24% increase, London was the first choice for European tourists, followed by Barcelona, Mallorca and Paris.
With tourism reaching peaks of demand from the all four corners of the world, it is not surprising that Portugal is well classified in the ranking of countries that best know English as a second language. According to the English Proficiency Index prepared by Education First, Portugal comes in first place in Southern Europe and 18th worldwide, set at the “High” level of knowledge of the English language.
Beginning 21 November 2017, it will be possible to carry out a money transfer between European destinations without incurring charges in just 10 seconds. Initially, only nine countries will benefit from this facility – Spain, Germany, Italy, Austria, Estonia, Latvia, the Netherlands, Finland and Lithuania. Unfortunately, the list does not as yet include Portugal. However, the initiative will be extended to all EU member states by November 2018.
When making application for permanent residency or citizenship in Portugal, foreign documents will need authentication. This certification is accomplished via an “Apostille” which is an international confirmation comparable to notarisation in national law used when sharing domestic documentation abroad. The verification seal designates the corroboration of documents for legal purposes in one of the signatory countries of the Apostille Convention for recognition in all other signatory states. This agreement currently has 112 co-signers and is in force in all European Union members as well as most parties to the Hague Conference on Private International Law.