Portugal in the top 10 best countries to retire abroad

Once again, Portugal is in the news as one of the best places to retire abroad.

During the first days of 2016 were revealed two important rankings regarding the best places to retire abroad: one from Live and Invest Overseas and another from International Living. Both rankings highlight Portugal as great place to retire abroad, as they did for the past few years.

Live and Invest Overseas, considered the Portuguese region of the Algarve as the number one region in the world to retire abroad.

This distinction is awarded to the Algarve for the 3rd year in a row. The Algarve, in the south of Portugal is known for its white sand beaches, low cost of living and large expat English-speaking communities. The Algarve is considered a paradise in Europe where the sun shines all year round with mild temperatures.

International Living put Portugal in the 10th place this year. The country drops one place from last year, but still makes the top 10. Once again categories where Portugal received high scores were Infrastructures, Healthy Lifestyle (this category was added this year), Climate and Cost of Living.

Over the last few years Portugal became a popular destination for foreign retirees. Helped by tax benefits programs – the Non-Habitual Regime for European citizens and the Golden Visa for other nationalities – moving to Portugal was never so attractive to foreign citizens from around the world.

For those considering retiring in Portugal and concerned about their health, Medical Port developed the For Health Card. This card offers discounts in consultations and medical procedures even those that aren’t normally covered by health insurance. For Health cardholders that also have health insurance can benefit from using both when recurring to health services.

 

medicalport-banner-01

Click here

Portugal’s residence program for foreigners is the best in the world

According to a report from Henley & Partners, the global leaders in residence and citizenship planning, Portugal’s Golden Residence Permit Program is the world’s best residence-by-investment program in 2015.

This program allows foreign citizens to invest in Portugal and obtain a residence visa.

Among the 19 residency programs for foreigners analyzed by Henley & Partners, the Portuguese one is the one that offers more advantages to foreign investors. Portugal is followed by Austria (2nd place) and Belgium (3rd place).

The programs were ranked according to 10 indicators: Reputation, Quality of Life, Tax, Visa Free Access, Processing Time and Quality of Processing, Compliance, Investment Requirements, Total Costs, Time to Citizenship and Citizenship Requirements. Portugal ranked highest on “Total Cost” meaning the initial investment required is lower when compared to other programs. Portugal shared the top spot with other countries in the following indicators: “Tax”, “Visa Free Access”, and “Processing Time and Quality of Processing”. Meaning that foreigner investors have light tax burdens and the processing procedures are quick and efficient.

Some of the reasons to move to Portugal, according to Living in Portugal:

  1. Great climate with an average of 3300 hours of sunshine per year, one of the highest rates in Europe
  2. The satisfaction of 80% of the tourists who visit the country and want to come back
  3. The average housing prices in Portugal are very competitive compared to the main European cities
  4. Taxation is light on foreigner investors as Henley & Partners already highlighted in the report
  5. Portugal is ranked as the 17th safest country in the world among a list of 153 countries

Medical Port serves foreign residents’ healthcare needs through the For Health Card, a card that gives access to the top private healthcare providers in Portugal with discounts and specialized services. To learn more about the For Health Card please visit our website.

 

medicalport-banner-01

Click here

The Algarve region, in Portugal, named the best place to retire abroad

For the second year in a row, the Algarve is considered the best place in the world to retire abroad.

Last year, the publication Live and Invest Overseas awarded the Algarve with the first place to retire abroad, and this year the publication decided that the best place to retire continues to be in Portugal. In the Algarve, it is possible to live well with $1, 410 a month.

It’s not the cheapest destination, but it’s the destination that offers a better balance between cost and quality of living.

According to Live and Invest Overseas “This region on the coast of Portugal has held the top spot for two years in a row thanks to its low cost of living, affordable real estate and pleasant weather. The area was highlighted for having mild temperature year-round, with temperatures usually staying below 80 degrees Fahrenheit.”

The author of Live and Invest Overseas, Kathleen Peddicord, recently wrote an article on the Huffington Post on how to retire in Portugal, calling it a “sunny European paradise”. One of the strong points of retiring to the Algarve, according to the author is: “Unlike many sunny paradises, however, the Algarve is not a little island in the middle of no place in the sea. It is attached to the Old Continent and reachable by car from Lisbon and points farther north. You can also fly from the U.S. East Coast in short hops, as few as six hours to Lisbon from Boston, for example, where many flights originate thanks to the Portuguese diaspora. From there, a three-hour drive takes you to the south coast resorts.”

One of the advantages the author points is the quality of healthcare in Portugal: “One more driving advantage for this region is the standard of healthcare on offer, which is both modern and innovative and personalized and humane.”

Here is the list of the 10 best places to retire around the world:

  1. Algarve, Portugal
  2. Puerto Vallarta, Mexico
  3. Cayo, Belize
  4. Languedoc, France
  5. Abruzzo, Italy
  6. Medellin, Colombia
  7. Hua Hin, Thailand
  8. Chiang Mai, Thailand
  9. Cuenca, Ecuador
  10. El Valle, Panama

Since the raking was published, many journalists around the world have been talking about it and highlighting what Portugal has to offer to retired people.

CBS News, the Huffington Post, Forbes, the Washington Post are some of the newspapers who wrote articles about the Algarve as the best region in the world to retire.

Common reasons to why Portugal is a great place to retire are the cost of living, natural beauty, safety, and mild temperatures all year-round.

Medical Port offers top quality medical solutions for foreigners who retire in Portugal and whish to access medical care. Our solutions include access to consultations, exams and surgeries at internationally certified private healthcare facilities throughout the country with experienced medical staff and top notch technology.

 

medicalport-banner-01

Click here

Medical Port launches a new card to serve the needs of foreigners in Portugal

The For Health card is designed for foreigners living or considering moving to Portugal, looking forward to address some major concerns of who lives abroad for long periods of time.

The card provides access to health, real estate, fiscal, and leisure services to foreign residents in Portugal. And results from a partnership between Medical Port, Lusíadas Saúde and Consultan.

According to Belén de Vicente, Medical Port CEO, the goal is “to ensure who moves to Portugal has an efficient and personalized answer to the main concerns and needs in the areas of health care, real state, fiscal and leisure services to assure a comfortable life in Portugal”. The card offers a complete and integrated solution to the various needs of foreigners with the Golden Visa or Non Habitual Resident regime in Portugal.

When buying different services in Portugal, the Foreigners’ Health card gives each cardholder special benefits and discounts.

The fiscal consultancy services include support to arrival, registration and report formalities in the fiscal area. Health services give access to consultations, diagnosis exams, and surgical and non-surgical treatments, from the most diverse medical specialities. Real estate services include support and counselling when searching for a property in the entire country. There are also available customer support and leisure services, such as, concierge, interpreter, Portuguese classes, nutritionist sessions, or wellness programs.

Cardholders can get a 10% discount rate in fiscal services, 15% discount rate in healthcare services and 10% discount rate in customer care and leisure services.

The Foreigners’ Health card offers the access to a set of services and can be purchased by any foreign resident in Portugal or willing to move soon (with the Golden Visa or Non-Habitual Resident status).

To learn more about the For Health card, please go to www.medicalport.org/forhealthdownload the brochure, or contact us directly.

 

medicalport-banner-01

Click here