Portugal figures among one of the best places to retire.
Making the decision to migrate with your family on your own can be a herculean step and can be intimidating. But when you think of Portugal, you will simply set aside these thoughts as it could be one of the best decisions of your life.
A recent study has revealed that expats consider Portugal as one of the best places to retire in the world. International Living , ranked Portugal as one of the best places to retire in 2020. Likewise, according to a crowd-sourced global database of cost of living Numbeo, Portugal is cheaper place to live than the UK by 27.91%, with rent being 33.41% cheaper on average.
With almost nine centuries of well-defined geographical borders, a democratic parliamentary regime with political stability prevails in Portugal, this southern European country on the Iberian Peninsula bordering Spain is a member of the European Union and forms part of the European Monetary System, using the European single currency - Euro. It is also the 34th most competitive economy, out of a total of 140 countries according to the 2018 Global Competitiveness Index, produced by the World Economic Forum.
Several reports have demonstrated that Portugal is become the favourite destination of the global expats community. Expats acquiring the Golden Visa are permitted to live and work in Portugal providing they stay in Portugal for a period of seven or more days in the first year, and 14 or more days in the subsequent years. Those expats that want to enter Portugal via the Golden BVVisa route are also entitled to a residence visa waiver and a similar exemption is extended by the European Union to travel within the Schengen Area. Applicants can eventually bring their family under the family reunification clause and are entitled to apply for permanent residency and the Portuguese citizenship by naturalisation provided they fulfil all the requirements.
If you want to enjoy the remaining years of your life in bliss, then make the country of sun and fun - Portugal your final destination to retire. Most expats do it, why don’t you? Take this decision today if you want to enjoy your golden years in a golden place.
Contact us today for more information on how to apply for Portugal’s Golden Visa.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. SSIL does not guarantee the accuracy, legality, completeness, reliability of the information and or for that of subsequent links and shall not be held responsible for any action taken based on the published information.