A Retirement Haven

• Published date: 15 February 2024
• Subject Matter: Employment and HR, Immigration, Retirement, Superannuation & Pensions, General Immigration, Work Visas
• Law Firm: LINCOLN GLOBAL PARTNERS - FZCO
• Author: Kathryn Funk

Portugal is a tailor-made haven for retirees, offering an affordable cost of living, an ideal climate, safe surroundings and a manageable pace of life. It's no surprise that Portugal claimed the top spot in the 2023 Annual Global Retirement Index by International Living. This Western European gem has much to offer retirees seeking a new chapter in their lives.

Reasons to Choose Portugal for Retirement

Portugal's charm is one of its most appealing features for retirees. Whether you're strolling the hills of Lisbon, relaxing by the seaside in the Algarve, or exploring the rural interior, you'll find a warm and cozy atmosphere throughout the country. This sense of comfort is complemented by the social and active lifestyle of Portuguese culture. Portugal caters to everyone, whether you're an explorer, art lover, history enthusiast, outdoor adventurer, or simply someone who enjoys sipping tea and taking in life. It's a place where life is meant to be savored.

Healthcare and Infrastructure

With a growing population of retirees, both expats and locals, Portugal has invested significantly in upgrading its infrastructure. The country already hosts over 475,000 foreign pensions, totaling 2.3 billion euros. Portugal offers an exceptional subsidized or free healthcare system through the National Health Service for permanent residents. Additionally, private health insurance plans, which are affordable, are commonly held by both locals and foreigners. We can highly recommend Regency for Expats which provides international coverage for those that like to travel.

Lifestyle in Portugal

Portugal is considered one of the friendliest European countries, where strangers are quick to offer assistance. Most Portuguese citizens have at least some knowledge of English, making communication easy for expats.

Safety is a paramount concern, and Portugal is among the safest countries globally, coming in at number 7 on the Global Peace Index last year. The most significant worry in terms of crime is occasional pickpocketing.

Portugal boasts a delectable coastal cuisine, local wines, ancient architecture fused with modernity, and a rich historical tapestry with numerous UNESCO World Heritage sites. Its breathtaking landscape is a major attraction, featuring jagged cliffs meeting turquoise seas, sandy shores juxtaposed with vibrant city centers, and lush inland farms producing wines and other delights. Fruit trees line the streets of major cities like Lisbon, creating a perfect blend of...