In recent years Portugal has often been referred to as the best in the world to retire. In 2021 many counties are facing severe pension crises not to mention the added complications added due to COVID and Brexit. Knowing where to retire is one of many potential barriers for those considering moving abroad: you may find yourself with too many choices, or the idea of lots of paperwork or legal processes may be a turn-off.

For citizens of the European Union, retiring to Portugal is fairly straightforward; you can easily apply for residency and enjoy many of the same benefits as local residents. EU citizens can apply for a residence permit from any of the regional offices of the Portuguese Immigration Service or SEF (Servico de Estrangeiros e Fronteiras). A list of regional offices is available here.

Under Portugal’s retirement residency law, non-EU citizens who want to retire to Portugal must apply for a residence permit at a Portuguese consular office in their home country before relocating to Portugal. You must show a valid passport, proof of income, proof of health insurance, and submit to a criminal background check. Non-EU nationals can obtain a temporary residence permit for five years; after this, you can apply for permanent residence. 


EU citizens can transfer contributions from their home country, along with contributions from any other EU countries they have worked in; this all counts towards the state pension in Portugal. Foreigners looking to retire in Portugal from non-EU countries should check with the state pension service in their home country to see what the situation is withdrawing their pension abroad. Portugal has tax and social security arrangements with several non-EU countries to make things easier for those relocating overseas

First, residents of Portugal are taxed on worldwide income – not just from jobs, but from private pensions. If you retire in Portugal and you get pension payments from your home country, you could be taxed.

One way to avoid these taxes is by applying for the Non-Habitual Residence (NHR) program. This very popular government program gives generous tax benefits to expats in Portugal for a 10-year period.

Launched in 2009, the Portugal NHR program is designed to attract expats to Portugal. If you qualify for NHR status, you’re exempt from taxes for 10 years on income earned abroad from pensions, investments like 401Ks, capital gains, rental income, or work.

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