Portugal has emerged as the No. 1 destination for retirees looking to move overseas. In its most recent assessment, it achieved a remarkable 92.61. This ranking highlights the nation’s distinctive competitive edges. It offers a positive tax environment, flexible residence permit program and a lifestyle that’s hard to beat.
One of the most attractive features of Portugal’s retirement options is its worldwide tax system, which incorporates foreign-earned income. This last part is a huge draw for retirees with pensions, or other income streams, coming from abroad. Portugal’s D7 visa offers a path to residency for non-EU citizens with a stable stream of passive income. This visa makes an amazing option for retirees looking to settle down in this vibrant EU country.
Portugal has issued a 10-year renewable residence permit for retirees seeking greater long-term security. Then, when it does expire, you can just as easily renew it for another decade. Once in Portugal for five years, you can apply for permanent residency or citizenship. This opportunity is a reflection of their deep commitment to their new home.
The country’s golden visa program has been immensely popular. Since its implementation in 2012, it has raised more than $7.2 billion. Yet recently, approvals for this program have skyrocketed 72%. We’re especially excited that a large portion of our applicants are US-based. More Americans than ever are looking to relocate to Portugal. They’re looking for an improved job experience in retirement, which is driving this phenomenon.
Portugal is popular with retirees for its lack of wealth and inheritance tax for immediate family. This benefit is perhaps why it’s become such a popular option for people looking to better manage their estate. As per the World Peace Index reports, the nation is noted to be the safest in entire Europe. This acknowledgment provides retirees the comfort that their safety and security is not in question or conflict.
Retirees will discover that Portugal enjoys a quality of life that is among the best in Europe if not the world. Strong, inclusive public healthcare systems in concert with strong private, affordable, quality. This ranking gauges how well retirees are able to get the medical care they need without breaking the bank.
Dr. Laura Madrid Sartoretto, an expert on retirement and relocation trends, emphasized the importance of quality of life in choosing a retirement destination.
“The Americas dominate the availability of digital nomad retirement visas and then Europe. They have a very high quality of life that’s above average.” – Dr. Laura Madrid Sartoretto
She pointed out that many people look for a politically stable and safe environment when they retire abroad.
“People look for places that are politically stable and safe when they want to retire abroad. The other relevant aspect in Europe is health care. Most countries in Europe have a blend of robust public health care systems and affordable private health care options.” – Dr. Laura Madrid Sartoretto
Portugal’s D7 visa is incredibly attainable for most retirees. It’s economy-friendly, needing an average income of only 870 euros, it’s got the world’s best tax policies and safety ratings. The program introduces new agency flexibility that allows secondary applicants — such as a U.S. It provides them the opportunity to naturalize with their dependent children, keeping families together during the transition.
Retirees are increasingly looking for places that offer lifestyle and economic opportunity in equal measure. As Portugal demonstrates, there is no single formula for successfully spurring retirement savings. The country’s energetic efforts to attract retirees, investors, and digital nomads is an active ingredient in the reputation that has placed it so high in global rankings.
“The country started to invest in attracting investors, retirees and digital nomads. Portugal is a country that nowadays scores really well in quality of life.” – Dr. Laura Madrid Sartoretto