Portugal continues to attract international attention, especially from those considering relocation for work, retirement, or quality of life. Among the country’s attractive locations, Madeira is increasingly recognised by expats as an exceptional place to call home. In this guide for expats in Portugal, we explore the key reasons Madeira stands out for its affordability, straightforward visa options, and the best places to settle.
Cost of Living: Madeira Offers Exceptional Value
Madeira provides one of the most favourable living cost-to-quality ratios in Portugal. Expats frequently find their monthly expenses significantly lower compared to mainland cities such as Lisbon or Porto. For example, renting a comfortable one-bedroom apartment in central Funchal typically costs between €800 and €1,500 per month. In smaller towns like Câmara de Lobos or Calheta, prices can drop to €450–€800.Overall monthly living costs, including housing, groceries, utilities, and leisure, average between €1,200 and €1,800 per person, depending on lifestyle. This affordability enables expats to enjoy a high-quality lifestyle, often superior to what they might afford elsewhere in Europe.
Visa Options for Moving to Madeira
Portugal’s residency visas are straightforward, and Madeira’s cost-effective living enhances the attractiveness of these options.
The D7 Visa (Passive Income and Remote Workers)
The D7 Visa is ideal for expats with passive income, retirees, or remote professionals. The visa requires proof of stable income, typically around €1000 monthly for an individual. Due to Madeira’s lower living expenses, this income threshold comfortably supports a pleasant lifestyle.
Golden Visa (Investment-Based Residency)
The Golden Visa scheme appeals to expats interested in residency through property or capital investments. Madeira’s comparatively affordable real estate market makes it possible to qualify for residency at investment levels far below Lisbon or Porto, enhancing its attractiveness to international investors.
Best Cities and Towns to Live in Madeira
Funchal
Funchal, Madeira’s vibrant capital, is popular among expats for its cosmopolitan yet relaxed lifestyle. It combines excellent infrastructure, healthcare facilities, international cuisine, and cultural activities with stunning ocean views.
Câmara de Lobos
Located close to Funchal, this traditional fishing village is ideal for those seeking a quieter lifestyle without sacrificing proximity to urban conveniences. Its charming streets, local markets, and scenic coastline attract many expats.
Ponta do Sol and Calheta
These towns are increasingly favoured by remote workers and digital nomads. Both offer a laid-back lifestyle, beautiful beaches, and well-established international communities.
Ribeira Brava
Ribeira Brava offers a balance between urban amenities and rural tranquillity, becoming increasingly popular among expats seeking community and authenticity.
Santana
Santana, known for its picturesque countryside and traditional Madeiran architecture, is ideal for expats desiring a peaceful lifestyle surrounded by nature.
Why Madeira Stands Out for Expats in Portugal
Madeira offers a uniquely favourable environment for expats, marked by:
- Mild subtropical climate year-round, ideal for outdoor activities
- High safety standards and a welcoming local community
- Robust infrastructure, including high-speed internet and modern healthcare facilities
- A growing international community with ample networking opportunities
Practical Advice for Prospective Expats in Madeira
- Initially, rent in different areas to discover which location best suits your lifestyleBudget for monthly living expenses ranging from €1,200 to €1,800, depending on preferences
- Plan your visa application well in advance to ensure a smooth transition
- Consider working with local professionals to streamline your relocation.
Conclusion
For expats in Portugal looking for quality, affordability, and an outstanding lifestyle, Madeira is increasingly becoming the premier choice. With its welcoming community, affordable cost of living, straightforward residency options, and exceptional natural beauty, Madeira offers expats an unmatched combination of benefits. It’s no wonder more people are making the choice to call this Portuguese island their home.
The founding of Madeira Corporate Services dates back to 1996. MCS started as a corporate service provider in the Madeira International Business Center and rapidly became a leading management company… Read more
