Portugal: Number One Choice for Retirees in Europe
Moving to Spain, a relocation company, has compiled a comprehensive list of the top retirement destinations in Europe. Utilising a variety of factors including population, life expectancy, cost of living, home prices, visas, safety, beaches, and healthcare, they have determined that Portugal reigns as the number one choice for retirees in Europe.
Portugal boasts an exceptional quality of life at an affordable cost, making it one of the most appealing European countries for retirement. According to SmartAsset, the average cost of living, excluding rent, is nearly 29% lower than in the United States.
It is undeniable that the allure of Portugal has captured the attention of individuals from around the world, leading to a surge in relocation requests. With its enticing lifestyle, advantageous tax benefits, and the possibility for non-EU citizens to attain Portuguese citizenship in a relatively short timeframe, it's no wonder residency applications are increasing annually.
Among the various visa options available, the Passive Income Visa stands out as a popular choice for retirees seeking to settle in Portugal. This particular visa is ideal for those who intend to reside in the country and can demonstrate a regular passive income that is deemed sufficient to support themselves and their family in Portugal. Passive income may include dividends, real estate income, capital gains, pensions, royalties, business profits, intellectual property, or other financial investments.
Portugal has gained widespread popularity among expats, appealing to a diverse range of individuals including young families, digital nomads, retirees, entrepreneurs, investors, and students. It's hard to find anyone who wouldn't be captivated by Portugal's warm climate, affordable cost of living, picturesque cities, and exceptional quality of life with access to top-notch healthcare.
With its multitude of advantages, Portugal undoubtedly ranks as the ultimate retirement destination in Europe. Should you have any further inquiries regarding your relocation to Portugal, please do not hesitate to reach out. We are delighted to offer our assistance and support.
