Portugal top for retirees

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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Comprar uma propriedade em Portugall

A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.

Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!

Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.

É fantástico como o Ryan tinha um conhecimento completo sobre Lisboa e nos tratou da melhor maneira.

Akbar Ali - Investidor do Paquistão

Ryan é muito profissional, mas também amigável e conhecedor do mercado Golden Visa. Também se mostrou flexível, pois, com um curto aviso prévio, viajou do Algarve para me se reunir comigo em Lisboa e substituir 1 colega.

Investir do Reino Unido

A Portugal Homes fez um excelente trabalho mantendo-me atualizado sobre o progresso da compra da minha nova casa, fornecendo relatórios regulares e abrangentes. Isto ajudou-me a aliviar a ansiedade sobre a compra de uma casa durante a pandemia.

Investidor dos EUA

Embora através do Zoom, estabelecemos uma grande confiança na integridade do George. [Foi] importante para nós ter confiança na capacidade do staff em se sentir alinhados em visões.

Donald Collie de Austrália

O processo foi bastante rápido e claro. Obtive toda a informação que precisava na primeira hora de conversa. A experiência foi perfeita.

Tomoko Inoue do Japão

Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!

John Mulroe and Wiebke Bock