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Imagine stepping into a life where each day greets you with the warmth of the sun, the soothing sounds of the ocean, and a table full of fresh seafood. This European haven offers the simple joys of life: breathtaking coastlines, vibrant cultures, and stunning architecture—all wrapped up with an affordable price tag.
Portugal stands out as a top destination for retirees, awarded as the number one spot in the Annual Global Retirement Index Living in Portugal means you can enjoy a high-quality life without breaking the bank.
It is relatively easy to retire in Portugal. The Algarve region in the south of the country is especially popular with retirees. At least , retirees are estimated to be living in that region alone. A significant number of them are British retirees. They can apply for residency in Portugal and enjoy most of the benefits a local resident has. Non-EU citizens have to apply for a residence permit in order to retire in Portugal, according to the retirement residency law. This can be done at a Portuguese consular office.
They ask for:. It was introduced in , in order to attract global investors to the country. In order to pursue the Golden Visa residence card, an applicant needs to fulfill one of the below requirements:. The Golden Visa grants the below rights to the investor, provided that the cardholder on average spends a minimum of seven days per year physically in Portugal:.
The Portuguese government allows U. The most common way is the day stay visa. If you like what you see and you would like to extend the stay, then the Portugal government allows you to apply for a one-year residence permit. It can then be renewed for two-year permits successively. Once you spend five years of temporary residence, you can then apply for permanent residency status. If you have Jewish descendants and you can prove your Sephardic ancestry, then Portugal grants you citizenship, provided that you submit the necessary documentation.