US News explains why Lisbon is a perfect place for retirement

Affordable and safe, a cosmopolitan city with good weather and nice beaches. As the dollar gets stronger, you should really consider Lisbon as a retirement destination, says US News.

A couple stands while looking at the city of Lisbon

We have mentioned in the past how cool Lisbon is and innumerous reasons to move there. While places like Algarve have already made the headlines as a top destination for retirement abroad, Portugal’s capital should not be forgotten. Here are the top reasons to retire in Lisbon, as US News points out:

Touristic attractions: as one of the oldest cities in Western Europe, this city offers multiple outstanding places to visit, such as Jerónimos Monastery, Tower of Belém and Praça do Comércio.

A charming city: as US News puts it, “Lisbon offers the same Old World cosmopolitan flavor” as other better known European capitals, but with good weather, and pleasant, clean beaches.

Affordability: Lisbon is one of the most affordable capital cities in Western Europe. The quality of life you get compared to the cost of living is unmatchable.

Healthcare: Lisbon ranks high also when it comes to healthcare quality, and counts with some of the best health specialists in Europe. Plus, medical care is considerably more affordable in Lisbon than in the USA. Language is not a barrier: most doctors and medical staff speak English. If you are considering visiting or moving to Portugal and want to better understand how to access healthcare services, we can help.

Safety: Portugal stands as one of the safest and most peaceful countries in the world. Even in its capital, crime rate are low.

Language: There is an established English speaking community in Lisbon, and English is the second most spoken language throughout Portugal.

Cultural and recreational activities are also mentioned by US News, and moving to Portugal is now easier thanks to the Non Habitual Regime and Golden Visa status. You can read the full article – that concludes by describing Portugal as a “welcoming haven”.

There are many other unique characteristics that render Lisbon a great choice for foreign retirees. Keep visiting our blog to learn more.

 

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The Washington Post’s financial guide to retire abroad

Following our previous blog post about why Americans should retire to Portugal (click here to read it), we are now sharing an article from The Washington Post with a financial guide to retire abroad.

Plan a retirement abroad requires careful planning and many places can be cheaper than the United States.
The financial guide from The Washington Post includes the following topics that prospect retirees should take into account before making the decision:

  • Easy residency programs for foreigners – In Portugal, the Golden Visa residency program makes it easy for foreigners to buy property and establish residency in the country with tax benefits
  • Cost of living and lifestyle – “(…) in the Algarve region of Portugal, named the most attractive place to retire abroad by Live and Invest Overseas, a retiree could live on $1,410 a month, including $600 for rent.”
  • Healthcare – Medical Port can help you with this. We have special healthcare solutions for foreign residents in Portugal that have health insurance or not. The For Health card is a solution for those foreign citizens who live in Portugal and have healthcare needs that aren’t usually covered on health insurances.
  • Bank accounts – It is advised to keep a bank account in the home country and another in the country where you are retiring.
  • Social security – Portugal is one of the countries where American citizens can move and still receive their social security benefits.
  • Pay taxes – Retirees will still need to pay taxes in the United States.
  • Buy property – While some countries make it hard for foreign citizens to buy property, others – like Portugal – make it easy like any other national citizen would.

Spend the retirement years in a foreign country is an exciting idea for many Americans who look for better weather, affordable cost of living and the opportunity to experience a new culture.

Portugal is becoming increasingly popular as a retirement destination and has received for the past few years the top places on the best retirement abroad rankings (click here to read more about it).

To learn more about Medical Port’s solution for healthcare for foreign citizens in Portugal, the For Health card, click here.

Read the full article on The Washington Post, by clicking here.

 

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Where Americans should retire?

Financial Advisor magazine says Portugal should be the first choice for Americans to retire, outside of the United States.

As life expectancy grows, the number of retirees of wish to spend their retirement abroad rises. For those Americans who dream of retiring abroad, the choice of the ideal place may be difficult to make. Proximity to the home country, cost of living, language, safety and climate are some of the aspects prospect retirees must take into account when choosing their retirement spot abroad.

Financial Advisor magazine says Portugal, specifically the Algarve region should be the top choice for Americans to retire and there are plenty of reasons to support this statement: “Portugal, takes top honors, thanks to its low cost of living, low cost of real estate, great weather, established expat community, new retiree residency program and endless options for how to meaningfully fill the days and evenings.

The magazine article adds another two very important reasons why Americans should chose the Portugal for retirement:

  1. English is widely spoken which makes it possible to live in Portugal and speaking only in English – this may be especially advantageous for older people who don’t want to learn a new language.
  2. Portugal is “one of the safest places on earth right now” to live and also to visit as a tourist.

Portugal has been considered for the past few years as one of the best places to retire abroad and the Algarve region was named twice as the best region to retire in the whole world. Click here to read the latest news about why Portugal is a great place to retire.

For Americans Portugal holds another advantage: it is the closest European country from the United States and daily 6-hour flights can take Americans to Portugal.

Read the entire Financial Advisor article, here.

 

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Tourists from the United States are traveling to Portugal as never before

Portugal has seen a great increase in American tourists in 2015 and the numbers continue to rise in 2016.

Travel Pulse magazine highlights that Americans are among the top nationalities that most recently visited the country. That is why the Portuguese Tourism board set the promotion of Portugal in the United States as a priority. The Portuguese Tourism Board believes that the satisfaction that American visitors get from visiting Portugal is the greatest drive of new tourists, since those who enjoyed their time will tell family and friends to plan a trip too. Also the value for money and the proximity to North America are likely to drive the interest of tourists.

Portugal’s capital Lisbon, offers world-class luxury hotels at affordable prices when compared to other European capitals and flights from New York City to Lisbon take around 7 hours or less. Travel Pulse adds:

One sign of the country’s soaring popularity is the fact that it’s nearly impossible to narrow down five must-see locales within this small country. The Azores are a must, Porto can’t be missed as the birthplace of port wine, the Algarve is mesmerizing and Lisbon is the country’s cultural hub – but there’s so much more.

The increase in American tourists in Portugal can also be explained by an increase in overall tourism in the country. In 2015 a record number of foreign tourists stayed in Portuguese hotel, more than 10 million visitors came to the country, according to Portuguese National Statistics Institute. The fact that Portugal is a safe destination right now is also making the number of tourists to rise and 2016 is already expected to break new records.

Read the full Travel Pulse article here.

 

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Esquire magazine names Lisbon one of the coolest cities in Europe

A recent article on Esquire magazine states “Why Lisbon is one of the coolest cities in Europe” to visit right now and why it shouldn’t be underestimated.

The article recommends places to visit and things to do that aren’t likely to be in other city guides.

According to the magazine: “Lisbon does distinct districts beautifully, with the formality of the central Praça do Comércio (created after the earthquake of 1755) flanked by the winding lanes of the Alfama, the city’s centre under the Arabic occupation of Iberia, and the once-seedy and now achingly cool dockyard area of Cais do Sodré.”

The best places to stay are Bairro Alto and to eat there is the renewed Mercado da Ribeira for a relaxed lunch, and Belcanto the two Michelin star restaurant owned by the Portuguese chef José Avillez to learn how the former colonies influenced the Portuguese cuisine and provide a unique dining experience.

The magazine advises visitants to appreciate the street art all over the city, highlight the works of Portuguese street artist Vihls. For those who want to explore further, they can from Lisbon go surfing in Cascais (about half an hour) or to hang out on the beach in Comporta (about an hour south of Lisbon).

Lisbon city guide by Esquire Magazine
Lisbon city guide by Esquire Magazine

Readers are advised to visit Lisbon because “There might not be a cooler city in Europe at this precise moment (…).”

Click here to read the full article on Esquire Magazine.

 

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Medical risk map for 2016 puts Portugal with low risk

International SOS releases every year a worldwide medical rating that rates countries by their health care risk.

Considering there is risk everywhere, due to many factors, many countries have a good standard of medical care and that means they pose a low risk for who goes under medical care there.

The medical rating is based on the standard of local medical and dental care available, the access to prescription drugs, the presence of serious infectious diseases and cultural, language or administrative barriers to access health care.

The rating divides countries by very high, high, medium, low medical risk and rapidly developing.

Most countries in Europe and North America have a low medical risk, including Portugal.

The low medical risk medical is defined by: “International standard of care throughout the country. Most specialist care widely available. High quality emergency and dental services and a wide range of prescription drugs available. Low risk of infectious diseases.”

Countries like Turkey, Poland, Hungary, and Mexico are considered medium risk countries for medical care. These countries are known for their low prices for health care and are popular among those who chose to go abroad for medical care. Although there are great health care facilities in these countries, a quality standard isn’t always met and in some cases the medical care goes wrong and patients get serious injuries.

In Portugal the access to medical care is widely available in both public and private facilities and Portuguese medical professionals are recognized internationally for their work.

Medical Port has partnered with the most outstanding health care facilities and doctors to give our clients the access to the best options and provide effective treatments.

Learn more about the Travel Risk Map here.

Learn more about Medical Port here.

 

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Vitamins and its benefits for your health

Our bodies need a certain amount of vitamins in order to be healthy. Maintain a healthy diet is important for weight-loss goals but is also important to ensure the body is consuming the necessary amount of vitamins.

When following a healthy and balanced diet, it is possible to get most of the vitamins the body needs with daily food intakes.

These are some of the vitamins our bodies need in order to be healthy:

  • Vitamin A – promotes the functioning of the immune system and maintains good eyesight. Vitamin A can be found in the following foods: cod-liver oil, sweet potatoes, carrots and leafy vegetables.
  • Vitamin B complex – there are 8 vitamins in this complex and their benefits are to transform carbohydrates, fats and protein into energy that lasts throughout the day. Vitamin B complex vitamins can be consume through foods like meat and fish.
  • Vitamin C – known for its immunity properties, this vitamin is also a good antioxidant and infection prevention. Vitamin C in high doses is known for slow the growth and spread of some forms of cancer like prostate, pancreatic and liver. The foods that contain vitamin C are mainly citrus fruits, tomatoes and broccoli.
  • Vitamin D – Also known as the “Sun vitamin”, this is the most hard to get vitamin in the winter months because one way to get is through sun exposure. The lack of vitamin D is associated with weak bone health.  Fortified milk, cheese and cereals are good sources of vitamin D when the sun exposure isn’t enough. Getting vitamin D in the winter in Portugal isn’t likely to be a problem, since there’s an average of 330 sunny days per year.  Click here to read more about Portugal in the winter.
  • Vitamin E – acts as an antioxidant in the body and it is especially beneficial for both hair and skin as it protects cells from the damage of free radicals. This vitamin is present in foods like leafy green vegetables, almonds and vegetable oils.
  • Vitamin K – one of its roles is to prevent blood clotting and to promote bone health. As people get older the intake of this vitamin is important for osteoporosis prevention. Food sources of this vitamin are leafy green vegetables, olive and broccoli.

The intake of these suggested foods is good for maintaining vitamin levels up and keep the body ready to defend itself from external threats. We should always favor the natural intake of these vitamins from food instead of the artificial chemical ones.

Read more about vitamins and its benefits here.

 

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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.

 

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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.

 

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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.

 

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