Lisbon and the Algarve region feature once again among the top-ten destinations to retire abroad, according to editor of Live and Invest Overseas.
It’s not the first time that Kathleen Pediccord, from Live an Invest Oversees chooses Portugal as a favourite for those seeking destinations to retire abroad. This time the author includes not only the Algarve but also Lisbon.
The Algarve comes first on the list and is often feature on similar rankings. The author calls it “Europe’s most famous secret”. The region is described as a budget destination, but with a lot ot offer: Europe’s best beaches and golf courses and over 3000 hours of sunshine per year, withing a friendly and welcoming “land of cobblestoned streets and whitewashed houses with lace-patterned chimneys, surrounded everywhere by fig, olive, almond and carob trees.” What’s there not to like?
The european capital is often on the news for the best reasons: tourism, culture, food, safety, “coolness”, among many other features. The article emphasizes the hospitality and friendlinness of the city and the people, a recognized Portuguese trait. The city is described as sophisticated, offering a view to the past. The location by the beach, warm and sunny weather and excellent food are some of the other reasons that place the city in the top ten ranking. Additionally, Lisbon has already an established expat community, which may make it easier to settle in.
Thinking about retiring in Portugal? Do not forget about healthcare. At Medical Port, we can advise you about your health insurance option, help you to identify the most suitable healthcare provider for your needs and support on other needs related to your relocation. Email us your questions at email@example.com.
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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.
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.
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.
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:
- 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.
- 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.
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.
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.