Digital Nomad Madeira

Madeira: The Ultimate Digital Nomad Paradise – Why Remote Workers Are Falling in Love

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In February 2021, a small island called Madeira saw a big change. Just a year later, over 1,200 international remote workers had made it their new office. Madeira’s Digital Nomad Village is now a place where work and life blend perfectly.

With its stunning mountains and blue oceans, Madeira is a dream for digital nomads. It offers a perfect mix of work and leisure. I’ve always been drawn to the freedom of digital nomad life, and Madeira seems to have it all.

Imagine waking up to breathtaking ocean views, sipping locally grown coffee, and diving into your work with lightning-fast internet – all while surrounded by lush landscapes and a vibrant community of like-minded professionals. Welcome to Madeira, the hidden gem that’s rapidly becoming the ultimate digital nomad paradise!

Events like the Festas do Concelho de Ponta do Sol and the Angel Waterfall Hike make Madeira special. It’s not just about work here. The island also offers fresh produce and delivery services, making life easy.

This thoughtful approach has made me a fan of digital nomad Madeira. It shows what a remote work destination should be like.

Key Takeaways

  • Exploring Madeira is convenient with local car rentals at Stay Madeira, helping you discover its beauty.
  • Community and connectivity are key, with coworking spaces like Outsite fostering a sense of belonging.
  • The cost of living is affordable, from accommodations to enjoying local food and managing your budget.
  • Nature is a big part of life here, providing a peaceful setting for work and play.
  • The Digital Nomad Village is a thriving community, supporting remote workers from all over.
  • Madeira is a haven for both adventurers and professionals, making it a top choice for digital nomads.

Embracing the Digital Nomad Lifestyle in Madeira

Recently, Madeira has become a top choice for those living the nomad lifestyle Portugal offers. The Digital Nomad Village, led by Gonçalo Hall, is in Ponta do Sol. It’s a place where you can find great weather, culture, and digital nomad resources. It’s perfect for remote workers who want to work from Madeira.

More and more people are drawn to Madeira for its digital nomad scene. The Digital Nomad Village has welcomed over 10,000 digital nomads. It offers free co-working spaces and a supportive community. This success comes from the local government, community, and private companies working together.

Digital Nomad Lifestyle in Madeira

Madeira’s landscapes are stunning, with forests and coastlines. It’s a place where work and play blend together. The natural beauty of Madeira makes the digital nomad lifestyle Portugal offers truly special.

ParameterDetail
Initiator of Digital Nomad VillageGonçalo Hall
LocationPonta do Sol, Madeira
Launch2021
Number of Digital Nomads HostedOver 10,000
Key AttractionsFree co-working spaces, community networking, natural beauty
Rent in Ponta do SolApprox €387 for a 50m² apartment

Digital nomads in Madeira make the local community and economy stronger. They get to enjoy local food and outdoor activities. By working from Madeira, they get to grow both personally and professionally.

Exceptional Digital Infrastructure with High-Speed Internet: A Digital Nomad’s Connectivity Paradise

Let me tell you something – when I first heard about Madeira’s internet, I was skeptical. Another remote destination promising “great connectivity”? Been there, experienced the frustratingly slow connections that make remote work feel like torture. But Madeira? This island completely shattered my expectations!

Madeira’s digital infrastructure isn’t just good – it’s phenomenal. We’re talking about internet speeds that will make your big-city tech friends jealous. The island has invested heavily in cutting-edge telecommunications, transforming itself from a sleepy tourist destination to a digital nomad’s dream workspace.

Average Internet Speeds That Will Blow Your Mind.

Most digital nomads need reliable internet to survive, and Madeira delivers big time. The average internet speed here ranges between 100-300 Mbps in most urban areas, with some locations pushing even higher. For context, that’s faster than many major European cities! Funchal, the capital, boasts some of the most impressive connectivity I’ve ever experienced.

Where to Find the Best Internet Connections

  1. Ponta do Sol Digital Nomad Village
    • Dedicated high-speed fiber optic network
    • Consistent 250+ Mbps download speeds
    • Free public Wi-Fi in community spaces
  2. Funchal Coworking Spaces
    • Multiple redundant internet connections
    • Professional-grade infrastructure
    • Backup systems to prevent downtime
  3. Recommended Internet Providers
    • NOS Telecommunications
    • Vodafone Portugal
    • MEO – Leading provider with extensive coverage

Pro Tip: Always carry a portable Wi-Fi device or local SIM card with data backup. While connections are stable, having a backup never hurts!

Government Support for Digital Infrastructure.

The Portuguese government hasn’t just sat back – they’ve actively invested in making Madeira a digital nomad hub. Significant investments in 5G technology and island-wide fiber optic networks demonstrate their commitment to creating a world-class digital ecosystem.

Unique Connectivity Advantages

  • Multiple international submarine cables ensuring stable connections
  • Strategic location allowing excellent global connectivity
  • Continuous infrastructure improvements
  • Competitive pricing for high-speed internet packages

Potential Challenges (Because Honesty Matters)

Not everywhere on the island will have perfect coverage. Rural and mountainous regions might experience slightly lower speeds. But honestly? The trade-off of working with jaw-dropping volcanic landscapes in view makes any minor connectivity hiccup totally worth it.

Cost Perspective

Compared to other digital nomad destinations, Madeira offers incredibly affordable internet packages. Expect to pay around €30-€50 per month for high-speed home or coworking internet – substantially cheaper than many major European cities.

Real Talk: As someone who’s worked remotely across three continents, Madeira’s internet infrastructure is a game-changer. It’s not just about speed – it’s about reliability, affordability, and the peace of mind knowing you can crush your work without constant connection anxiety.

Personal Recommendation If internet connectivity is your primary concern, focus on staying in Funchal or the Digital Nomad Village in Ponta do Sol. These areas offer the most robust and consistent internet experiences on the island.

Discovering the Madeira Digital Nomad Village

Exploring the island of Madeira is exciting for remote workers. They find a mix of work chances and beautiful views. The Madeira Digital Nomad Village is the main spot for the digital nomad community.

Collaborative Workspaces and Community Events

The community buzz is strong in the coworking spaces Madeira has. The Ponta do Sol Nomad Village is a favorite among digital nomads. It has indoor and outdoor areas for work and play.

These spaces help people be creative and productive. They also host Madeira networking events like the Porto Santo Nomad Experience and Fest23. These events bring people together for new ideas.

Madeira Digital Nomad Village Networking

There’s more to do than just work. Nomads can join the Nomad Coffee Club, dance classes, or outdoor activities. The community offers free coworking, local tips, and event invites to make life better.

Facilities and Amenities for Seamless Remote Work

The Digital Nomad Village has fast internet for smooth work. It also has ergonomic workstations in places like Funchal and Machico. This is part of the Madeira Remote East Coasters initiative.

There are great places to stay, like the Estalagem hotel in Ponta do Sol. The Vila Baleira Resort in Porto Santo is another option. These places are perfect for remote work and relaxation.

Success Stories: Digital Nomad Relationships and Projects

The digital nomad community in Madeira is thriving. People form partnerships and even get married here. The island is a hub for creative projects and start-ups.

Over 11,000 remote workers from 121 countries have found success here. The Digital Nomad Village is a global hub for remote living.

Whether you’re here for a short time or longer, Madeira’s Digital Nomad Village has what you need. It supports your work and personal goals.

Digital Nomad Madeira: A Hub of Productivity and Networking

Welcome to Madeira, a remote worker paradise that has become a hotspot for professional network Madeira. The island’s stunning landscapes and community efforts have made it a perfect nomad-friendly destination. It caters to the dynamic lifestyle of digital nomads worldwide.

As a digital nomad myself, I’ve seen how Madeira offers more than just beauty. The island supports remote workers with various programs and facilities. These are designed to boost productivity and encourage networking.

Digital Nomad Networking in Madeira

The Digital Nomads Madeira Islands project, started by Gonçalo Hall, has made the island a hub for digital nomads. It’s not just about bringing workers here. It’s about creating a place where creativity and productivity thrive, surrounded by nature.

FeatureBenefit to Digital Nomads
Co-living Spaces (A Ver o Mar, Outsite, Banana House)Encourages social interaction and professional networking among nomads.
Ergonomic Workspaces and Reliable Wi-FiEnsures high productivity with comfort and connectivity.
Regular Workshops and Events (Madeira Friends)Provides learning and networking opportunities, fostering community ties.
Cultural Integration and SafetyEnables a secure and immersive living experience, enriching work-life balance.

The local community has welcomed digital nomads with open arms. Cafes and restaurants offer reliable Wi-Fi and work-friendly environments. This supports nomads and boosts the local economy, benefiting everyone.

The island’s mild climate and outdoor activities make free time fulfilling. From hiking to exploring cultural sites, there’s always something to do. Madeira is more than a place to work; it’s a place to live, grow, and connect deeply.

From making professional connections to enjoying a relaxed lifestyle, Madeira offers a holistic approach. It’s a lifestyle choice for digital nomads seeking their next destination.

Exploring Madeira: A Guide to the Best Remote Work Locations

As a digital nomad, finding the best places to work remotely in Madeira has changed how I live and work. Madeira, known as Europe’s Hawaii, is a top spot for remote workers. It offers a perfect mix of work and play, surrounded by stunning nature.

Ponta Do Sol is great for those who love mild weather and friendly communities. It’s the first digital nomad village in Madeira, with free coworking spaces. Imagine starting your day with a beautiful sunrise and working in a sunny café with fast internet.

Funchal, on the other hand, is rich in history and culture. It has ocean views and a lively food scene. You can work from a cozy coffee shop or a modern co-working space, then enjoy the city’s vibrant nights.

best places to work remotely in Madeira

Jardim do Mar is perfect for those who love nature. It has strong surfing waves and quiet coworking spots like Nomadico. Here, you can work and enjoy outdoor activities like hiking and surfing every day.

Porto Santo is ideal for those seeking peace. It’s a short flight from Lisbon and has beautiful beaches and trails. It’s a great place to relax after a productive day.

Each place in Madeira offers a great balance between work and play. This makes it easy for digital nomads to live and work here. Here’s a quick look at the top spots:

LocationType of ActivityInternet AccessAmbiance
Ponta Do SolCoworking, Surfing, HikingHigh-speed WiFi in coworking spacesSunny, Community-centric
FunchalCoworking, Cultural EventsReliable WiFi in cafes and coworking spacesHistoric, Vibrant
Jardim do MarSurfing, CoworkingGood connectivity in coworking spacesSerene, Natural landscape
Porto SantoHiking, Beach ActivitiesStable 4G/5G coverageTranquil, Secluded

These places offer more than just a desk and internet. They open doors to a fulfilling life that combines work and adventure. Madeira is not just a place to visit but a place to live and grow as a remote worker. It has something for every digital nomad, from exciting outdoor activities to peaceful coastal towns.

Portugal’s Digital Nomad Visa: A Gateway to Island Life

Starting your remote work journey in Portugal means understanding the digital nomad visa Portugal. It’s more than just a way to see beautiful places. It’s a way to really get to know the culture and digital scene of places like Madeira.

Understanding Nomad Visa Requirements

The nomad visa process is easy to follow. You need to show you have a steady income, at least €3,280 a month. This makes sure you can live well without needing a local job.

You also need to find a place to live and prove you work remotely. You’ll need a valid passport and health insurance too. These steps help you get a one-year visa that can be renewed up to four times.

RequirementDetails
Minimum Income€3,280 monthly
Visa Duration1 year, renewable
Health InsuranceRequired, costs vary from €20 to €100 monthly
Application Cost€75 to €90
Proof of EmploymentRequired (remote or freelance jobs)

Steps to Attain Work-Life Balance in Portugal

After getting your visa, you can enjoy a life where work and fun mix easily. Portugal has great internet and co-working spaces in cities like Lisbon and Porto. You can work hard and then relax on the beach or explore cafes.

Digital Nomad Visa Application Process

Living in Portugal is more than just work. You get to travel visa-free in the Schengen area and use public healthcare and schools. Whether you’re here for a short time or longer, Portugal welcomes digital nomads like you.

Cost of Living in Madeira: A Detailed Monthly Expenses Breakdown for Digital Nomads

Listen up, fellow remote workers! If you’re dreaming of a destination that won’t drain your bank account while offering an incredible lifestyle, Madeira is your golden ticket. Let’s dive into the nitty-gritty of monthly expenses that won’t make your wallet weep.

Average Monthly Budget Breakdown for a Digital Nomad in Madeira (€)

  1. Accommodation
  • Shared Apartment/Coliving Space: €500 – €800
  • One-Bedroom Apartment: €700 – €1,200
  • Premium Apartment with Ocean View: €1,200 – €1,800
    Insider Tip: The Digital Nomad Village in Ponta do Sol offers incredibly affordable housing options!
  1. Utilities
  • Electricity, Heating, Cooling: €100 – €150
  • Internet: €30 – €50
  • Mobile Phone Plan: €10 – €20
    Total Utilities: €140 – €220
  1. Food and Dining
  • Groceries: €250 – €400
  • Restaurant Meals (10-15 meals out): €300 – €500
  • Coffee and Casual Dining: €100 – €150
    Total Food Expenses: €650 – €1,050
  1. Transportation
  • Public Transportation Monthly Pass: €40 – €60
  • Occasional Taxi/Ride-sharing: €50 – €100
  • Bike or Scooter Rental: €100 – €200
    Total Transportation: €190 – €360
  1. Coworking Spaces
  • Monthly Membership: €100 – €250
  • Occasional Cafe Work: €50 – €100
    Total Workspace: €150 – €350
  1. Health Insurance
  • Comprehensive Digital Nomad Insurance: €50 – €150
  1. Entertainment and Leisure
  • Local Activities: €100 – €250
  • Gym Membership: €30 – €60
  • Miscellaneous: €100 – €200
    Total Entertainment: €230 – €510

Total Monthly Budget Breakdown:

  • Budget-Conscious Nomad: €1,500 – €2,000
  • Comfortable Living: €2,000 – €2,800
  • Luxury Lifestyle: €2,800 – €3,500

Budget-Saving Strategies

  1. Cook local meals instead of eating out
  2. Use monthly apartment rentals for better rates
  3. Take advantage of free community events
  4. Use public transportation
  5. Explore free outdoor activities
A picturesque coastal scene in Madeira featuring a rustic wooden table under a vibrant bougainvillea canopy

Real Talk: My first month in Madeira, I was shocked how far my money went. Compared to other European digital nomad hotspots like Lisbon or Barcelona, you’re getting serious bang for your buck!

Unexpected Expenses to Budget For

  • Travel insurance
  • Visa processing fees
  • Emergency fund (always recommended!)
  • Occasional travel around the island

Currency Considerations

  • Portugal uses Euros (€)
  • Most places accept credit cards
  • Always keep some cash for smaller establishments
  • No need for extensive currency exchange fees

Comparative Perspective


Madeira offers roughly 30-40% lower living costs compared to major Western European cities. That means more money for experiences, savings, or reinvesting in your business!

The Allure of Workation Madeira: Combining Work and Travel

The trend of workation Madeira is changing the digital nomad lifestyle Madeira for remote workers. It lets them enjoy the madeira lifestyle benefits while working. This mix of work and play happens against the stunning backdrop of Madeira.

Many find it hard to balance work and travel, but Madeira makes it easy. It offers a perfect mix of productivity and relaxation. Events like Purple Fridays show how work and fun can go hand in hand here.

Let’s dive into some specifics :

  • The digital nomad village in Ponta do Sol has free workspaces for newcomers.
  • Fast internet is available everywhere, so work can keep going, whether at a café or a mountain lodge.
  • Funchal and Ponta do Sol offer a wealth of cultural experiences, adding to the madeira lifestyle benefits.
FeatureBenefits
Year-Round Mild ClimateEnables comfortable outdoor meetings and leisure activities, regardless of the season.
Local Cuisine and CultureOffers diverse dining options and cultural experiences, increasing daily life satisfaction.
Efficient Expressway SystemReduces transit times and stress, contributing to a more relaxed daily routine.
Community and Networking EventsEncourages collaborations and friendships that enhance professional growth and personal well-being.
digital nomad lifestyle Madeira

In conclusion, Madeira’s beauty goes beyond its landscapes and culture. It also supports a thriving digital nomad community. The mix of work and leisure here is not only appealing but also enriches life. This makes workation Madeira a favorite among digital nomads globally.

Building Connections: The Digital Nomad Community in Madeira

As someone who loves working alone but also values community, I’ve found Madeira’s co-living and coworking spaces to be key. It’s not just the beautiful views or the nice weather that makes Madeira great. It’s the strong professional network that runs through it.

Madeira’s Co-Living and Co-Working Spaces

In Madeira, coworking and co-living spaces are more than just places to work. They are lively centers of creativity and teamwork. Each space is designed to help you focus and also spark conversations that might lead to new projects. It’s here that ideas flow freely and barriers disappear.

“In these spaces, you’re as likely to find help with a professional problem as you are to make a new friend over coffee.”

The Nomad Village, started by Gonçalo Hall, is more than a place to stay. It offers top-notch coworking spaces and living areas for remote workers. The goal is to help digital nomads network and work together.

Regular Networking Events and Meet-ups

What makes Madeira a top spot for remote workers is its events and meet-ups. The professional network here is lively and welcoming. These gatherings are key for anyone wanting to join this digital nomad community.

I’ve been to many events where I met interesting people who shared their knowledge and stories. These meetings are not just fun but also help you grow professionally and personally.

coworking spaces Madeira

EventLocationFrequency
Remote East Coasters WorkshopMachicoMonthly
Nomad Island Fest 2024Ponta do SolAnnually
Porto Santo Nomad ExperiencePorto SantoNovember 9-12, 2023

The variety of events and easy access to them make Madeira a great place to live and work. Here, your career can thrive in a community full of life and opportunities.

Living here, I’ve seen how Madeira supports digital nomads. It’s a place where you can enjoy your work and grow personally.

Madeira’s Remote Work Infrastructure: Internet Speed and Tech Resources

Madeira is becoming a top spot for digital nomads. It offers great views and top-notch tech, like fast internet. This makes it perfect for remote work.

Coworking Spaces with High-Speed Internet

For digital nomads, fast internet is a must. Luckily, Madeira’s coworking spaces deliver. Places like Cowork Funchal and Digital Nomads Madeira have speeds from 50 Mbps to 1 Gbps. This means you can work without any hiccups.

These spaces are more than just internet. They’re places where creativity and productivity thrive.

How Madeira Facilitates a Digital Work Environment

Madeira’s tech scene is growing fast. It offers more than just basic resources. The Digital Nomad Village is a great example, with free coworking and networking events.

This shows Madeira is leading in supporting remote workers. It’s not just keeping up.

Coworking spaces Madeira

The mix of professional help and community support is key. It makes it easy for newcomers to adjust. This creates a great experience for digital nomads.

Here are some costs to consider when moving to Madeira:

CategoryCost Range
Average monthly rent for a one-bedroom apartment in city center€500 – €700
Average monthly rent for a one-bedroom apartment outside city center€400 – €600
Average cost of utilities€100 – €150
Cost of a one-way ticket for local public transportation€1.35
Meal at an inexpensive restaurant€6.0 – €10.0

Leisure and Outdoor Activities for the Adventurous Nomad

As a digital nomad, I spent two months in exotic places. Madeira was special for its madeira outdoor activities and strong internet. The village of Ponta Do Sol offered a great work travel balance. It was perfect to end a workday and enjoy the mountains or sea.

Madeira was special for its madeira outdoor activities

I joined the Digital Nomads Madeira Island Slack channel. It was great for group hikes and local food. Hiking in Madeira was amazing, with beautiful views and friends.

Healthcare in Madeira is top-notch. I chose Heymondo for travel insurance. It covered my gear and had 24/7 medical chat. This made exploring the island worry-free.

For relaxation, I went to Santa Cruz. It has beaches and water parks. Madeira’s man-made beaches were great for sunbathing, even though it’s far from Europe.

Funchal’s nightlife was lively. It had pubs and clubs with old Portuguese architecture. It was a place where stories were made.

The internet in Madeira was always on. This made work easy, even with last-minute tasks. It showed Madeira’s commitment to digital nomads.

Madeira is a true nomadic adventure. It has everything for work and play. It’s a top choice for digital nomads around the world.

Portugal’s Approach to Remote Work: Tax Benefits and Startup Ecosystem

As a digital nomad, I’ve seen how Portugal attracts remote workers. It offers great tax benefits and a strong digital economy. The beautiful scenery and economic perks make it a top choice, like Madeira.

Remote Work Taxation Policies in Madeira

Portugal’s tax policies for remote work are very appealing. The government taxes foreign income at just 20%. This is much lower than many other countries.

This policy is part of a bigger plan to grow the digital economy. It aims to attract more international professionals. Recently, there’s been a huge jump in digital nomad visa applications. This shows how popular Portugal is becoming for remote workers.

To apply for this visa, you need to show you make at least €3,040 a month. This ensures you can support yourself financially.

Investment in Local Tech and Startup Initiatives

Madeira is more than just good taxes; it’s a growing tech hub. With over 2,500 startups and USD811 million in funding in 2022, innovation is thriving. The Web Summit in Lisbon also attracts tech talent, making Portugal a key player in tech.

StatisticDetail
Global Startup Ecosystem Index 2023 Ranking26th globally, 12th in EU, 16th in Europe
COVID-19 Impact on Remote Work Visa Applications1,135% increase in recent weeks
Tech Startups Environment2,500 startups, USD811 million funding in 2022
Remote Work Tax Benefits20% tax rate on foreign-sourced income

Portugal is special because it combines lifestyle perks with economic benefits. It’s a great place for digital nomads. With tax savings, a lively community, and a strong tech scene, Portugal is a top choice for remote work.

Conclusion

Reflecting on Madeira, I see it as more than a remote worker paradise. It’s a place where work and play blend seamlessly. The cost of living here is low, making it easy to enjoy both work and free time.

Here, professionals can grow in a supportive community. And, with just 1,500 to 2,000 Euros a month, living well is possible. Many have made Madeira their home, chasing their digital nomad dreams.

The climate is perfect, with warm summers and mild winters. It’s ideal for remote workers who love subtropical weather. Summer waters are inviting, and vibrant spots like Santana Houses are waiting to be explored.

At the Digital Nomad Village in Ponta do Sol, you’ll find a community of like-minded people. Madeira offers a lifestyle that’s both fulfilling and accessible.

But it’s not just the beauty or community that matters. Digital nomad insurance and reliable internet are also available. The island’s infrastructure supports global work, making it a reliable base for remote workers.

In short, Madeira is more than a getaway. It celebrates a global way of life where work knows no bounds. It’s a place where life is free and work is as vast as the Atlantic.

FAQ

Why are remote workers falling in love with Madeira as a digital nomad destination?

Remote workers love Madeira for its perfect mix of work and nature. It has modern coworking spaces and a growing digital nomad community. This makes it a top choice for remote work.

What resources are available to support digital nomads in Madeira?

Madeira has many resources for digital nomads. There are coworking spaces, networking events, and a supportive community. These help nomads settle in and thrive on the island.

Can you tell me more about the coworking spaces and community events in Madeira’s digital nomad village?

Madeira’s digital nomad village has great coworking spaces. They offer fast internet and all you need to work well. The village also hosts events for networking and fun.

How does Madeira facilitate a work-travel balance?

Madeira has many places to work and play. From mountains to beaches, there’s a spot for everyone. The island’s activities make it easy to balance work and fun.

What do I need to know about Portugal’s digital nomad visa and living in Madeira?

Portugal’s digital nomad visa is easy to get. To live in Madeira, you need to know the visa rules. You also need a plan for work and enjoying the island’s lifestyle.

What is the cost of living like in Madeira for digital nomads?

Madeira has options for all budgets. You can find affordable places to live or something more luxurious. Nomads can manage their money while enjoying the island’s quality of life.

What makes Madeira an attractive workation destination?

Madeira is perfect for workation. It lets you work and travel at the same time. The island offers a great lifestyle, from nature to culture.

How does Madeira support the building of professional and social connections within its digital nomad community?

Madeira’s community is built on coworking and co-living spaces. These places are for meeting and growing professionally. Regular events also help build connections and collaborations.

What internet speeds can I expect in Madeira, and are there sufficient tech resources for digital nomads?

Madeira has fast internet for working. The coworking spaces and tech resources are strong. They support many digital careers and remote work needs.

What kind of outdoor activities can I engage in while living in Madeira?

Madeira offers many outdoor activities. You can hike, bike, paraglide, or dive. The island’s beauty is perfect for adventure after work.

Are there tax benefits for digital nomads and remote workers living in Madeira?

Yes, Portugal has tax benefits for digital nomads in Madeira. The non-habitual resident status can lead to tax savings. It’s part of Portugal’s support for the digital economy.

How is Madeira fostering its startup ecosystem and support for digital nomads?

Madeira is investing in tech and startups. It aims to support innovation and entrepreneurship. This is part of Portugal’s digital nomad program, which includes facilities and funding for startups.

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