Portugal top for retirees

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Portugal top for retirees
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Published: 16th January 2020, 6:20pm

International Living elected Portugal as the best place for retirees in 2020 thanks to affordable cost of living, the inviting mediterranean climate and the health insurance system in the country.

The Annual Global Retirement Index from International Living outlines countries where you can “live a healthier and happier life, spend a lot less money, and get a whole lot more”.

Now Portugal has stood out for retirees, surpassing competition from France, Spain, Panama, Costa Rica and Mexico.

There’s a plethora of factors for crowning the Portugal for retirees in 2020, and even though the country did not do so well concerning opportunity and governance, all the other factors like climate category, entertainment and housing helped the country obtain a final score of 89, placing it at the top of the table. When it comes to visas and residency, although the application process might be long, we believe that it is definitely fruitful in the long term. 

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Nationality by Investment for retirees

Non-EU residents looking to retire in Portugal may benefit from Portugal Golden Visa, which is only available to third-country individuals who fulfill one of the following requirements:

  • invest in real estate with the value of at least €500.000 or above;

  • invest €280.000 in a low density area, which gives you 20% off price; know more about low density areas here;
  • invest in a real estate property with a minimum value of €350.000 for the purpose of refurbishing; learn more about investing in off-plan properties.

Expats who apply to Portugal GV are granted rights such as to work, study, vote in the host country, as well as travel visa-free to many countries. Learn more about global mobility with citizenship by investment here.

On the other hand, opting for Residency by Investment offers attractive tax conditions. The Non-Habitual Residence status is eligible to you if you have not been a tax resident in Portugal in the past 5 years, as long you follow certain requirements.

You will be able to enjoy 10 years of tax exemption, even if your earnings, investments, pensions, and so on, come from overseas. Want to retire in Portugal through the Non-habitual Residency? Discover how to here.

An affordable retirement

The type of accommodation and its affordability is naturally the first consideration when buying a new house. Fortunately, the cost of living in Portugal are about as inexpensive you’ll find in a modern country. 

Tricia Pimentel, former investor in portuguese land, stated that “As far as finances go, we immediately found that we spent between one-quarter to one-third of what we did when we lived in the States.”

Thinking about retiring in Portugal? Discover the right areas to invest in 2020 here.

Source: The Portugal News

Graphic Taxes 

About Portugal Homes

PortugalHomes.com specializes in investments through Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden VisaNHR, Investment or simply a place in the sun. Our properties are selected with great thought in mind to give our clients the best opportunities. We offer the complete service from introducing them to the Legal RepresentativesCurrency ExchangeMortgage AdvisorsProperty ManagementRental and Furniture Packages along with making sure all our staff is trained to fully understand the buying process and taxes for every scenario. Portugal Homes provides the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment. 

To find out more, please contact us: 
  • Phone: +351 213 471 603
  • E-Mail: info@portugalhomes.com
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Buying Property in Portugal

Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.

Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!

To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.

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