The Get Golden Visa website has updated its Portugal retirement guide that provides essential information for retired people considering a move there.
The guide notes that Portugal is an ideal retirement destination with friendly locals, a beautiful coastline and a great culture. The weather is warmer than in the UK, while recent favourable tax changes for retirees and a low cost of living make it a popular place to move to. The guide helps calculate how much money you need to live well in Portugal.
Non-EU citizens are required to apply for temporary residency, which normally lasts for five years. Once settled in Portugal, permission for permanent residency can be obtained. High-net-worth individuals can apply for a Golden Visa, which gives the right to live and work in Portugal and other benefits.
Retirees living in the country need private health insurance, as free access to Portugal’s state health service is not free until five years after settling in Portugal. Pensions can be transferred, but some private pensions may be subject to tax.
Many choose to rent accommodation in Portugal for a while before they commit to living in the country long term by buying a home. If you are looking to move furniture and possessions to a new home in Portugal, talk to us at Merseyside Movers & Storers, the leading Liverpool removal company with a long experience of moving our clients’ belongings to Europe. We’ll even pack your items and help with the paperwork needed to take your items across European borders.
