Bureaucracy, Legal & Tax
Retirement in Portugal

Portugal is one of the best countries to experience retirement. Over the last few years, several magazines and websites have mentioned Portugal as a country worth visiting or moving to.

In 2018, “International Living” chose Portugal as one of the ten best countries to enjoy retirement life in 2018. For the monthly magazine, the beauty of the national territory, security and the low standard of living made Portugal the "best refuge for retirees in Europe".

Portugal ranked seventh on the list, which lists a total of 25 countries.

“International Living” also said that the city of Oporto was chosen as the best city for retired couples with an income of up to 30 thousand euros per year. The website puts Portugal's second largest city on top of five European cities, ahead of Aix-en-Provence in France or Alicante in Spain.

In OFX website, Algarve appears in seventh on their list for places to reitre overseas. “The Algarve is considered one of the best places in the world for those who are ready to make the most of their retirement. It is the southernmost region in Portugal that boasts a low cost of living that will make it easy for retirees from other parts of the world to make their move into Western Europe. And it is also considered one of the best places to spend your golden years because it features plenty of outdoor activities that will keep you moving, such as open-air markets, golf courses and resorts, and Mediterranean beaches.” – claims the website. Also, our National Health Service is worth a mention “you can register with the National Health Service to receive your SNS card. This will give you access to public hospitals and health centres, and if you are over 65 years of age, you can access subsidized prescription medications”. OFX also reminds our 10 year tax free on pensions for retirees “Portugal is also offering 10 years tax free on your pension for retirees, which is one incentive you definitely shouldn’t ignore”.

 

 

As you can see, coming to Portugal can be your best choice.

Find out how Kleya can help you make the right decision and help you with all that you need!

 

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