Portugal is in the Top 10 of the best countries in the all world to enjoy retirement, achieving a result of 82.9 out of possible 100. According to International Living magazine, it ranks tenth in the list of the 23 best countries in the world.
The ranking, this year led by Panama, analyzes ten variables, from tax benefits, the conditions of access to residence visas, to the weather and the entertainment options. The evaluation of the retirees quality of life is made on a scale of 0 to 100. It is in infrastructures (93%) and in the healthy lifestyle (88%) that Portugal earns more points as a "paradise of retirement".
Nonetheless, the special status for a non-permanent resident continues to represent a major Portuguese attraction for those who are in retirement, especially within Europe. The special tax regime allows pensioners residing in Portugal, but receiving their pensions from another country, to be exempt from paying IRS for ten years. Even if you continue to work, but decide to move to our country, you may qualify for a reduced income tax.
According to International Living’s report, “the third-safest country in the world in the 2017 Global Peace Index, Portugal is not only secure, but beautiful.”
If Portugal’s attributes have convinced you for moving to Portugal, here’s a tip: Begin your test drive in Oporto which is easy to reach, with direct flights from major European cities.
The report continues that English is widely spoken and comprehensive train, bus, tram, and taxi offerings make it unnecessary to own a vehicle.
“The city is a cultural cornucopia, with museums and historical sites”. Expat organisations like Americans Living in Portugal, International Women in Portugal, and the Royal British Club are ready to help you find your way.
For sun lovers, all roads will lead you to the Algarve. And it's easy to see why. Algarve has everything you need to rest and be happy. And it has sun all year round.