There’s always more to Portugal than meets the eye. Even though it appears to be just a small and remotely located European country, Portugal is actually a haven full of interesting life experiences, traditions, culture, and other surprises for people with different tastes.
Over the course of several weeks, we have discussed why Portugal is one of the most promising countries for foreign entrepreneurs to invest in or to attain the right to live and travel across the European Union.
Today, however, we would rather emphasize another key aspect of Portugal: the fact that this is also one of the best territories in the world for you to retire!
The 4th best place in the world for retirement
According to the 2022 Annual Global Retirement Index (assembled, every year, by International Living), Portugal is one of the top destinations you should aim for in the near future if you’re searching for a new country to enjoy this new phase of your life.
Ranked at number 4, it’s the highest-ranking European nation to appear on the list, and the reasons why are plenty:
- Diversity: Portugal may be small, but each region has its specific perks and charms;
- Hospitality: Portuguese people are very warm and open to foreigners;
- Quality of Life: Education, Healthcare and Transportation are among the best in Europe;
- Safety: Portugal is one of the safest countries in the world, with a really low crime-rate;
- Weather: The Algarve region promises warm beaches and an average of 300 sunny days per year.
Enjoying a sweet glass of Port wine while staring at the Douro river, witnessing the charming cultural life of Lisbon and having a taste of the best cuisine behind the regions of Trás-os-Montes (Northern Portugal) and Alentejo (South) are a few of the experiences you cannot miss!
A nice retirement and a nicer tax regime!
The Non-Habitual Resident (NHR) is a special tax regime aimed at people who reside abroad and would like to live in Portugal. If you are planning to retire or expect to receive interest or dividends, you may benefit from a low tax burden by moving to this country.
During the first 10 years of residence in Portugal, people with the NHR status have, in fact, access to the best of both worlds – quality of life and low costs of living!
If you’d like to know more about the NHR regime, feel free to reach us anytime. We’ll be your best gateway to Portugal!