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Retiring in Portugal - What do you need to know?

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Article

Retiring in Portugal - What do you need to know?

Article -> March 13, 2020

Article

Relocation to Portugal

Retiring in Portugal - What do you need to know?

Portugal Homes

Get the best property advice.

After a lifetime of hard work, retirement marks the beginning of a new chapter, the famous Golden Years, a time to enjoy freedom, comfort, and a slower pace of life. For many, that journey leads to Portugal, one of Europe’s most attractive retirement destinations.

Why Retire in Portugal?

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Portugal consistently ranks among the best countries in the world for retirees, offering an exceptional balance between quality of life, affordability, and safety.

Key Reasons Retirees Choose Portugal

compared to the US, UK, and much of Western Europe

Clean air and natural beauty, from beaches to countryside

One of the safest countries in the world

High English proficiency, especially in urban and coastal areas

Excellent public and private healthcare systems

Multiple residency visa options for retirees

Portugal combines modern infrastructure with historic charm, offering a peaceful yet stimulating lifestyle.

Who Can Retire in Portugal?

Retiring in Portugal is an option for a wide range of individuals. That said, prospective retirees should take the time to understand the specific requirements involved in moving and retiring in the country. Overall, Portugal remains open to people from many backgrounds and nationalities, welcoming those who choose to spend their retirement years enjoying the Portuguese lifestyle.

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EU Citizens

Retiring to Portugal as an EU citizen is straightforward:

No visa required
Freedom of movement
Registration as a resident after 90 days

EU retirees enjoy full residency rights with minimal bureaucracy.

Non-EU (Third-Country) Citizens

Non-EU retirees must apply for a Portuguese residency visa before relocating. These visas allow long-term residence and open the path to permanent residency and citizenship.

What is the Easiest Way to Retire in Portugal?

For non-EU citizens, the easiest route is through Residency by Investment or Income Visas, which grant:

Legal residency
A 5-year pathway to permanent residency or citizenship
Access to healthcare and EU travel benefits

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Retirement Visa Options in Portugal

Golden Visa

Residency through qualifying investments
Real estate no longer eligible (since 2023)
Investment fund option from €500,000
Minimal stay requirements

D2 Visa (Entrepreneur Visa)

Business or investment-based residency
Suitable for retirees through managed business structures
Investment options starting from €280,000

D7 Visa (Passive Income Visa)

Most popular retirement visa
Requires proof of passive income (e.g. pensions, dividends, rentals)
Minimum income tied to Portuguese minimum wage
Ideal for retirees not seeking employment

What Documents Are Required?

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While requirements vary by visa, common documents include:

Valid passport
Clean criminal record
Portuguese Tax Number (NIF)
Health insurance
Proof of income or investment (visa-specific)

Professional guidance is recommended to ensure a smooth application. Portugal Homes supports you at every step of the process, from visa selection and documentation to property acquisition, legal coordination, and long-term settlement in Portugal.

Can Retirees Buy Property in Portugal?

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Yes. Portugal allows foreign nationals to buy property with no restrictions, regardless of nationality.

Property Buying Process

Reservation
Promissory Contract
Deeds & Registration

Property ownership grants full legal rights, including renting, selling, or transferring the property.

Browse our offer of Properties for Sale in Portugal by clicking here!

Do Retirees Pay Taxes in Portugal?

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Portugal has Double Taxation Agreements (DTAs) with many countries to prevent income from being taxed twice.

Pensions and retirement income may benefit from favourable tax treatment
Local property taxes (IMI) apply
Social security income taxation depends on bilateral agreements

Tax planning is essential, and professional advice is strongly recommended.

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How Much Does It Cost to Retire in Portugal?

While lifestyle choices vary, a comfortable retirement budget for a couple is typically:

€2,000–€3,000 per month, excluding housing

Costs are generally lower than in many EU countries, particularly outside Lisbon and Porto.

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Best Places to Retire in Portugal

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Popular Retirement Locations

Lisbon – Culture, healthcare, city life
Cascais – Coastal elegance near Lisbon
Porto – Historic charm and riverside living
Algarve – Beaches, sunshine, large expat community
Silver Coast – Authentic Portugal, quieter beaches
Madeira – Mild climate, nature, growing expat hub
Azores – Tranquillity, nature, volcanic landscapes

Healthcare in Portugal for Retirees

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Portugal’s National Health Service (SNS) provides affordable healthcare to residents.

Registration with a local health centre required
Private health insurance available for faster access
EU retirees may use the EHIC card
Non-EU retirees typically require private coverage

Healthcare costs are significantly lower than in the US or UK.

Pros and Cons of Retiring in Portugal

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Pros

Excellent climate
Affordable living
High safety levels
Strong healthcare system
Welcoming culture
Tax advantages

Cons

Language barriers in rural areas
Bureaucracy (easily managed with professional help)

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Frequently Asked Questions

Is Portugal safe for retirees?
Yes. Portugal is among the safest countries in the world.

Do I need to speak Portuguese?
No. English is widely spoken, though learning basics helps integration.

Can I receive my pension in Portugal?
Yes. Most pensions can be received abroad, subject to provider rules.

Can I bring my pet?
Yes, following EU or non-EU pet import regulations.

Is Portugal better than Spain for retirement?
Many retirees choose Portugal for its lower costs, safety, tax benefits, and English proficiency.

Retire in Portugal with Portugal Homes!

Portugal Homes supports retirees through:

Visa & residency applications
Property acquisition
Tax and legal advisory
Long-term settlement planning

Whether you’re planning, exploring, or ready to move, our team is here to guide you every step of the way.

Portugal Homes

Get the best property advice.

Affordable cost of living

Over 300 days of sunshine per year