Retirement in Portugal

Retirement in the sun, by the sea in Portugal with a cost of living 35% lower.
PORTUGAL has become the number 1 host country for retirees in Europe!
Boost your purchasing power by 30-50% by saving your IRPP, CSG and CRDS.

The investment tax code approved by Decree Law 249/2009, of September 23, 2009 created the tax regime for Non-Habitual Residents (RNH) concerning personal income tax (IRS), with a view to attract non-resident professional experts to Portugal in high added value activities or in intellectual or industrial property, as well as beneficiaries of retirement pensions received abroad.

Good Life Quality and Safety

Living in Portugal offers many advantages: a warm climate, the Atlantic ocean, mountains nearby, a low crime rate and a relatively low cost of living. Medicine and education are well developed here, and residents are offered tax exemptions. There is only one litle disadvantage, the need to learn Portuguese, but does not need to be fluent in Portuguese, as most Portuguese people speak English.

Here are just a few reasons among many to choose Portugal for your future retirement:

Portugal has a fairly warm climate, which varies by region: the south is more arid, the northwest is rainy, and the northeast is characterized by long and warm summers.
The warmest month is August. In Lisbon, the average daytime temperature is 27.8℃. The sea is warmest in August and September and its temperature ranges from 13℃ to 19℃ throughout the year. There are warm winters. The average daily temperature in January in Lisbon is 14.7℃. It rarely snows there and when it does, the snow melts quickly. It is more common in mountainous areas.
It is often sunny in Portugal, especially in July, August and September.

In Portugal, everyone finds a place and activity to their liking. You can swim in the Atlantic Ocean, explore the Serra da Estrela mountain range, visit castles and fortresses and meet some of the best places for surfing, fishing and diving.

Portugal won 26 World Travel Awards in 2020. The awards were given for its attractions, beaches and resorts: for example, the Algarve region, which is chosen by Portuguese residents and tourists as an ideal location to relax on the coast. Portugal was voted the best travel destination in Europe.

In 2019, Global Finance magazine ranked Portugal fourth amongst the safest countries in the world, and in 2020 and 2021 it was placed third in the Global ranking of peaceful countries.

Portugal has a low crime rate. The Portuguese are a friendly and welcoming people and treat immigrants with warmth, kindness and openness.

A relatively low cost of living

The basic cost of living in Portugal is about 60% more expensive than in Russia. However, in other European states, such as Austria, Switzerland, the UK and neighboring Spain, prices are even higher. In comparison with prices in the European Union, life in Portugal is relatively inexpensive.

Portugal has a fairly high quality of secondary and higher education. Degrees from Portuguese universities are recognized in the European Union, which helps graduates find work in other EU countries.

Portugal spends about 9% of its GDP per annum on healthcare.

According to the Global Health Expenditure 2020 study, the country is ranked 36th in terms of spending.

Medical care is available free of charge at public hospitals. It is available to citizens and residents of the country. In private clinics, you can get an appointment faster than in public ones and there is also a higher level of service, including telephone consultations with your doctor. Private health insurance policies cover part of the cost or the full cost of treatment.

As most Portuguese people speak English, does not need to be fluent in Portuguese to live here.

Portugal is suitable for those who like a relaxed pace of life. The Portuguese are not often in a rush to go somewhere. Cities are not as lively as metropolitan areas in Russia, the US or the UK.

How to move to Portugal?

If you’re not an EU resident, then you will need a visa to move to Portugal.

Portugal Golden Visa program is Europe’s most successful residency-by-investment programme suitable for investors. This is a fast-track visa, which means the country will process and accelerate a visa approval quicker as it is designed as a mutually beneficial program to boost the Portuguese economy. This also means it is a quick way to gain Portuguese citizenship by investment and consequently a Portuguese passport; once obtained you can live and work anywhere in the European Union.

Portugal Golden Visa program offers different investment options.

  • Real Estate Acquisition
  • Fund Subscription
  • Capital Transfer
  • Company
  • Donation

Real Estate Acquisition

  • Acquire real estate worth more than €500,000 in Portugal, if in a low-density area in Portugal, the minimum amount drops 20 percent to €400,000;
  • Acquire real estate that is older than 30 years old, in an urban rehabilitation area, and renovate it for a minimum of €350,000 in Portugal.

We provide end-to-end solutions on investment advisory and residence and citizenship by investment programs. We have a local specialized team, ready to help you to move to Portugal.

If you need advice on finding a property or obtaining residency status through the Golden Visa program in Portugal, we would be glad to help. You may get in touch with us to schedule a call. Please, use the form below.

Contact us!

If you need more information or need to clarify any doubts, please do not hesitate to contact us. We will be pleasure to support you in your project to settle in Portugal.

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