Why choose Portugal for your retirement ?

Portugal has become a popular destination for retirees from all over the world. There are many conditions that make daily life in this country enjoyable. If you're dreaming of moving abroad for your retirement, choosing Portugal is an excellent idea. We invite you to discover why in this article. 

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A pleasant climate in the land of Passoa

One of the main reasons for Portugal's appeal is its pleasant Mediterranean climate. For those who don't know, the country offers mild winters and sunny summers, especially in the Algarve region. So if you're looking for a beautiful place to spend your retirement, you couldn't dream of a better place. So don't wait any longer to apply for your Portugal Tax Identification Number. More info about the benefits of this number and how to obtain it available here. 

Affordable cost of living 

The cost of living in Portugal is also relatively low compared to other European countries. Consumer goods, health services and even leisure activities are more affordable. This means that retirees can live comfortably even on a modest pension. This is also one of the reasons why more and more retirees are attracted to this small southern European country. 

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Quality of healthcare 

At the end of their lives, the elderly need more attention when it comes to their health. Fortunately, Portugal has an excellent healthcare system, with high-quality medical care available at a reasonable cost. Once you've settled in, you can register with the Portuguese social security system and take out private insurance to top up your coverage.

Tax advantages

Portugal also offers its residents numerous tax advantages. This is one of the reasons why so many people settle here, from retirees to young entrepreneurs seeking a more favorable business climate. One example is the Non-Habitual Residence (RNH) regime, which offers significant tax advantages to foreign retirees. It includes a ten-year tax exemption on foreign pensions.