Numerous foreigners have been swayed to retire in Portugal for its pleasant climate, beautiful coastlines and reasonably priced property. The stunning coastal Algarve region, however, has attracted many expats who have retired to Portugal from the US and UK, in turn sparking numerous English-speaking services handling all aspects of the Portuguese retirement process, from real estate to tax and immigration.
LWM International is an international financial management consultancy. They provide a range of financial services tailored to expats, including personal pension plans and investment management.
So, make sure your pension meets your needs in Portugal by speaking to the professionals at LWM International. Portugal is also often ranked as one of best places to retire abroad, with the Algarve region listed by CNN and Forbes as one of the best places to retire in the world, notably for its affordable living estimated at around USD 1,— per month in smaller towns, or around USD 2, for larger cities, such as Lisbon. For citizens of the European Union, retiring to Portugal is fairly straightforward as they can easily apply for residency and enjoy many of the same benefits as local residents.
A list of regional offices is available here. You will typically need to show a valid passport, proof of income, proof of health insurance and submit to a criminal background check. Non-EU nationals can obtain a temporary residence permit for five years, after which they will be able to apply for permanent residence.
Non-EU residents looking to retire in Portugal can also take advantage of the Golden Visa schemewhich was introduced to attract investors from non-EU countries.
This option is only open to third-country nationals who are able to fulfill at least one of these requirements:. You can send your application online or by submitting an application to the regional directorate or local branch of the SEF. As of 1 Januarythe retirement age in Portugal is 66 years and 3 months for both women and men. There is a contributions-based state pension in Portugal that residents can claim if they have made at least 15 years of social security contributions while under Portuguese employment.
There are also some private company pensions available. EU citizens can transfer contributions from their home country, along with contributions from any other EU countries they have worked in, to count towards their state pension in Portugal. Read how to calculate state pensions from several EU countries.
Foreigners looking to retire in Portugal from non-EU countries will have to check with the state pension service in their home country to see what the situation is with drawing their pension abroad.
As residents in Portugal are taxed on their worldwide income, if you retire to Portugal your private pensions paid from abroad could be liable to Portuguese taxes. In some cases it may be possible to transfer private pension earnings without incurring charges via an offshore pension scheme. Another option to protect international private pensions is to apply for Non-habitual Residency NHRwhich entitles foreigners to favourable tax arrangements for a year period, explained below.
SincePortugal has offered a Non-habitual Residence NHR option to attract foreigners to the country by offering favourable tax conditions, including for earnings otherwise subject to Portugal retirement tax. The NHR status is available to anyone who has not been a tax resident in Portugal in the last five years, as long as they meet certain criteria. Those granted NHR status will have any overseas income — including earnings from work, business, investments, rental income, capital gains and pensions — exempt from taxation in Portugal for a period of 10 years.
There will also be no tax on wealth during this period. In addition to this, any income generated in Portugal will be taxed at a flat rate of 20 percent instead of at the progressive rates, which can be as high as 48 percent.
You are considered a tax resident if you have been living in Portugal for at least days during a tax year or if you have a permanent residence there on 31 December. All official residents in Portugal have to fill out an annual tax return self-assessment form declaring any income.
There is a progressive rate of income taxation in Portugal starting at Read more in our guide to income tax in Portugal. Portugal has tax treaties with all EU countries as well as a number of non-EU countries to prevent double taxation.Find useful info to make the most of your expat project and get in touch with expatriates.
As an easily accessible European Union country, Portugal attracts expatriates in large numbers every year, particularly retirees. Indeed, Portugal is much appreciated for its pleasant climate, the living standards and quality, as well as affordable rent prices.
By moving there, you will also discover a huge historical and cultural legacy and enjoy beautiful golden beaches and great food.
Properties for rent in Portugal
Customer service. The main motivation behind this blog is to show the beauty of Portugal, the food, the culture, the lifestyle, while also sharing insightful knowledge on its history and traditions.
We're currently two expats discovering Portugal one day at a time, and we'd like to share our discoveries with you. My wife and I decided to cash in all our chips and move to another country as retirees.
After considering other countries, our visit to Portugal left us with no doubt. We chose Ericeira as the perfect spot for us.
Gail Aguiar is a Philippines-born, Canadian-raised freelance photographer who made Portugal home in latesix countries and three continents later. Her blog, Gail at Large, chronicles almost two decades of of travel-centric living through a unique lens as a 4x expat.
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Make your expat project in Portugal successful As an easily accessible European Union country, Portugal attracts expatriates in large numbers every year, particularly retirees. Expatriate health insurance in Portugal Free advice and quotation service to choose an expat health insurance in Portugal.
Moving to Portugal Get free quotes from professionals for moving to Portugal.Submit an Expat Coronavirus Report. Post a Reply. Choosing an expat health insurance provider is an important decision.
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It's FREE and takes 1 minute! Get a quote for expat health insurance in Portugal from our partner, Cigna Global Health. With it's beautiful beaches, historic cities, lower cost of living and welcoming Portuguese people, Portugal continues to be a popular expat destination. Expats in Portugal enjoy the Portuguese lifestyle, the beautiful landscapes, and the variety of places to visit and live. Find information about where to live, health care, residency visas and more as you delve into how to live well in Portugal.
We asked expats about great places to retire in Western Europe. While many Western European countries have prohibitively high living costs, there are a few areas that fit the retirement bill. These are some of the recommendations! Expat retirees love Portugal for its welcoming people, gorgeous beaches, quaint towns and wonderful restaurants.
In this article, we cover 5 great places to retire in Portugal. Here is a wonderful, detailed report about what it's like to retire in Portugal.
An expat talks about moving to Porto, Portugal - moving costs, renting a condo, the lower cost of living in Porto and more.
Where are the best places to live in Portugal? Expats often debate this topic and offer recommendations to people considering a move to Portugal. Deciding where to live in Portugal depends upon each individual - work, schools, weather, proximity to the coast, population and cost of living are all factors.
Porto and Faro are both portals with cheap travel to other European cities, Coimbra gives you Atlantic coast activities. Elvas and Evora put you in an amazing history rich area if you are interested in the peninsular wars, archaeology or roman times," advised one expat in a discussion about retiring in Portugal.
We've pulled together our list of the best places to live in Portugal based upon the cities and towns that are repeatedly recommended by our expat members.
If you're favorite isn't on the list, please take a few minutes to post it below. The area of intendente itself is home to 87 nationalities! Portuguese are very friendly people and accepting of all people from every background. There is a little India area, little Chinatown, African cafes, Nepalese restaurants and also lots of options for vegan and vegetarian people.
Lisbon is a great city for socializing. There are many expats and digital nomads here who are always open to meeting new people.Five Small European Towns to Live in
It is great for young people, as well as older expats with is wide range of options and close proximity to the beaches and lots of bars, clubs and restaurants," remarked one expat living in Lisbon. When we asked one expat if her life in Lisbon met the expectations she had before moving, she replied, "Absolutely. My monthly cost of living in Lisbon is half of New York's and the quality of life has tripled.
Slower paced, shorter commutes, more friends, better food, better weather, more access to affordable cultural events. Expats living in Portugal interested in expat health insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
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One expat who made the move to Portugal fell in love with Cascais, "The Lisboa area was delightful but we were sold when we took a train from Lisboa to Cascais. This is ideal: generally reliably nice weather, pristine beaches, restaurants all over the narrow streets and squares as well as along the pedestrian esplanade along the ocean. There are many things going on all the time, and there is a lively expat community in Cascais. There are international people from all over the world, and there are many networking opportunities.
There is music, sports, you name it. Lisbon is just a 30 minute train ride away and the list of things to there is endless and enticing," wrote another retiree in Cascais.
With a car you can go further east, inland," explained another expat. About 2. No culture, no public trans, blah," commented one expat. A really nice place that is affordable is on the coast going North, Ericeira, Peniche, Foz Do Arelho, these are all small fishing villages that are quiet but close enough to Lisbon if you like a busy and noisy city like Lisbon," said another in a thread about retirement considerations in Portugal.
We were only there in the summer, so can't speak to how it would be in winter. But we didn't see any of the problematic behavior - i. I thought Tavira was a lovely town, and less touristy than some of the other areas.
Even Lagos, while overrun with tourists, has a nice historic center. Silves is another town we really liked, although we didn't spend the night there. All-in-all, I would say Tavira is my favorite town in the Algarve, however, the location is not convenient for exploring the rest of Portugal by car. It is fairly close to the airport in Faro, though, which does give you many options for exploring Europe without the hassle of a big city airport," countered another newcomer.Welcome to our Algarve Expat Guide!
Whether you are already living here or are planning to move to Portugal in the future, you'll find plenty of very useful information here. From info on local markets, to financial advisors, schools, home services, UK TV and satellite systems, pools and pool maintenance and more.
Find out about possible tax breaks, what your rights and obligations are and get help from those expert in making the transition to life in Portugal as smooth as possible. Find Financial Services in the Algarve. There is a wealth of expertise available to you to help you find out about the Non-Habitual Residency programme which can allow you to recieve your foreign pension tax free and other ways in which you can save money on tax and build a financially secure retirement in the Algarve.
Blevins Franks can provide some expert insight and they have published a useful tax guide for expats living in Portugal, which can be downloaded for free. Check out this information on Portugal tax with articles from the experts at All Finance Matters on subjects such as capital gains taxthe NHR scheme and a guide to setting up business in Portugal.
If you are a business in Algarve and have an event to promote you can do it on My Guide at no cost. Book your Vale do Lobo holiday and a Football Academy holiday. Open daily from h to h, they've got your covered for breakfast, lunch.
Pharmacy, supermarket, pet shop, optician and electrical goods shop remain open, with reduced hours. During the Covid19 outbreak Big Red's Restaurant offers a take away and free delivery service. Food cooked to order from the menu with a great choice of comfort food.
A four day fitness activity programme hosted by two of the UK's leadi. While you kick back and relax your children can enjoy a memorable week training with top names in footba. From Tuesday to Saturday and for Sunday Lunch. Wild Fire now offers a take away and delivery service.
Order pizza, lasagne or those famous Uruguayan Empanadas now. Delivery to Vilamoura, Quarteira, Almancil areas. Login to create your guides for Algarve.
Find recipes for some great portuguese dishes and food made with love from Portugal. Showcasing the fresh Algarve seafood and locally sourced fruit and vegetables. Bom Apetit!We explore some of the best places to live in Portugal for expats looking to enjoy life on the Iberian Peninsula. If you are thinking of moving to Portugal, there are some fantastic locations to call home.
Whether you want to live in the heart of a bustling city or enjoy laid-back life by the sea, here are some of the best places to live in Portugal as an expat. Looking for an easy way to find your next home? Spotahome is an on-line property portal operating in Portugal that takes the stress out of renting. With Spotahome's unique online platform, you can find, look around, and book your next rental property without leaving home.
Making moving home easier with Spotahome. With its iconic cobbled streets and beautiful ancient architecture, Lisbon is an obvious draw for many expats moving to Portugal. With good public transport links, it is easy to navigate the city and enjoy the various local attractions on offer. And with a temperate maritime climate that brings hot and dry summers and mild winters, it ticks many boxes for sun-seeking expats.
It is famous for its many spas and thermal baths which are believed to have healing properties. The bathhouses in Caldas da Rainha, for instance, have been used to treat various ailments since Roman times.
The site is now a modern thermal complex, complete with a green park and several bars. Chaves also boasts fantastic architecture dating back to Roman times and is home to two 17th-century fortresses and a tall tower that marks the remains of Chaves Castle.
Although many of the villages surrounding the town are extremely poor, the residents are renowned for their friendliness. While property in Chaves is a fraction of the price in Lisbon, you will experience shorter summers and cooler winters. Located along the Douro River estuary in northern Portugal, Porto is the second-largest city in the country and has its own airport. The city is considered to be a center of culture and entertainment that rivals Lisbon.
As a result, it is hugely popular with tourists. Therefore, when choosing where to live, it might be worth exploring the areas in the outskirts of the city if you seek a more peaceful lifestyle. Property prices in the surrounding areas are lower than the city center and there is also a good variety of accommodation on offer; from apartments to family homes.
The new quarter, Vila Nova da Gaia, which lies just south of the city, for example, is a popular choice for expats. The seafront properties at Madalena and Lavadores are also top choices. Meanwhile, the district of Ramalde continues to expand as the population grows, and many expats with generous budgets settle in Foz do Douro, an upmarket but expensive beachside area. Despite its rich heritage, Braga boasts plenty of modern properties and a popular housing market.
If you are seeking more tranquillity, however, or intend to retire in the region, the towns and villages on the outskirts of the city offer larger properties with plenty of land. Just bear in mind that these often need a lot of renovation, and therefore require a hefty investment.
Located in the center of Portugal, Aveiro is often dubbed the Venice of Portugal due to its beautiful canals, Nouveau architecture, and colorful gondolas known as moliceiros. Despite its historical richness, Aveiro receives fewer tourists than many other Portuguese cities and is therefore popular with expats; especially those moving there to retire.
The city center has undergone a lot of modernization in recent years, bringing in more pedestrianized areas to encourage walkers and cyclists. As a result of this, it has become popular with expats seeking a quiet, family-friendly environment with little traffic. And with good road links to Lisbon and Porto, the city has added appeal.
Apartments are the most popular type of property in the center, however, you can find better value nearer to the university.It is a town that has had to reinvent itself several times throughout its history. Here you can find visitors and residents alike enjoying a coffee in the sunshine and a stroll along the waterfront.
We strongly recommend a visit. There are numerous boats docked by the marina. Also along the riverfront you can find the famous Sardine Restaurants.
In August the town hosts the annual Sardine Festival which attracts thousands. If you are a business in Algarve and have an event to promote you can do it on My Guide at no cost. Book your Vale do Lobo holiday and a Football Academy holiday. Open daily from h to h, they've got your covered for breakfast, lunch.
Pharmacy, supermarket, pet shop, optician and electrical goods shop remain open, with reduced hours. During the Covid19 outbreak Big Red's Restaurant offers a take away and free delivery service. Food cooked to order from the menu with a great choice of comfort food. A four day fitness activity programme hosted by two of the UK's leadi.
While you kick back and relax your children can enjoy a memorable week training with top names in footba. From Tuesday to Saturday and for Sunday Lunch.
Wild Fire now offers a take away and delivery service.
Portugal Expat Forum
Order pizza, lasagne or those famous Uruguayan Empanadas now. Delivery to Vilamoura, Quarteira, Almancil areas. Login to create your guides for Algarve.
Find recipes for some great portuguese dishes and food made with love from Portugal. Showcasing the fresh Algarve seafood and locally sourced fruit and vegetables. Bom Apetit! Although restaurants in the Algarv e are closed to the public at the moment due to the Coronavirus outbreak, they can still offer take away services.
There is a great range to choose from - healthy, immune-boosting juices, tasty italian, home-cooked comfort food, spicy Nepalese and Indian dishes. Check out the information below for menus and contacts. Find information resources on Coronavirus in Portugal.
Algarve Expat Guide
Find fun things to do for your family holiday in Albufeira. Water parks, zoos,ten pin bowling, escape rooms, boat trips, karting and more. Activities and days out in and near Albufeira, Portugal. Check out our Guide to Albufeira. Ideas for a fun family holiday in Vilamoura, Portugal. Mini golf, water parks, zoos, ten pin bowling and boat trips along the coast. Find boat tours from Lagos. Full and half day boat trips, dolphin watching trips, private yacht charter, boat tours to Ponta da Piedade and kayaking trips.
Discover the best of the Algarve coastline as you sail from Lagos for day time or sunset cruises. Find boat tours from Alvor.
Full and half day boat trips, dolphin watching trips, private yacht charter, boat tours to Benagil cave and beach BBQ boat tours. Check out our Guide to Alvor.