Retiring abroad is becoming a growing trend among many Europeans. With the increased mobility between European Union countries, many pensioners decided to spend long periods abroad looking for a better way to spend their retirement days.
Foreign retirees living in Portugal come mostly from France, the Netherlands, Switzerland, Ireland Poland and Brazil.
It is estimated that more than 177 thousand French citizens are living their retirement in Portugal. Being the 3rd abroad destination choice for French people. Their main motivations are the lower cost of living, the weather and the fiscal advantages.
According to an article in the French newspaper, Capital, for many years the preferred destination for French retirees was Morocco, but in the last few years Portugal has increased as is becoming the new retirement Eldorado. And the choice is quite simple because Portugal has advantages like the political stability, security, fiscal advantages, lower cost of living, good climate and easy living and is relatively close to France.
Since the introduction of the Non Habitual Resident regime that allows European citizens to benefit from tax reductions in Portugal for 10 years – the reason why The Telegraph recently called Portugal a retirement heaven – many have chosen to apply for the regime and rent or buy a property in Portugal.
Two of the main advantages of retiring in Portugal are the climate and the proximity to other European countries. Lisbon is 2 hours away by plane from both Paris and London. To better serve expats living in Portugal, Medical Port developed the For Health Card, a card that provides a privileged access to health, fiscal, real estate and leisure services. Click here to read more about the For Health Card.