Do you want to retire in Portugal? Great idea!
Recently, many people dream of living abroad after retirement. And people are particularly interested in Portugal in this regard. In this article, we’ll talk about how to get a residence permit for retirement in Portugal.
Methods of obtaining a residence permit in Portugal for retirees
According to Portugal’s current immigration laws, retirees can apply for a residence permit if they comply with three basic rules:
- Retirees must have the financial strength to buy a house. It’s worth noting that this is the most important of these three rules. This is quite understandable because the possibility of older people being homeless in the country is not desirable. As for the minimum cost of housing, finding a house in Portugal for about fifty thousand euros is possible. However, it is impossible to find a home at this price in more developed and big cities.
- The retiree must have an income from their home country. This could be your retirement income or rental income from your home country. The most important thing is that it should be regular. The minimum income must be 500 euros per month. A retiree who wishes to obtain a residence permit to live with family members in Portugal must increase the minimum income by 250 euros per person.
- You must stay in Portugal for at least 183 days per year. In other words, you must be in this country for at least half a year in order not to lose your residence permit.
What’s Portugal like for retirement?
Are you interested in bright sun, mild climate, classical architecture, quiet life, fresh and quality products? In this case, we recommend you to live in Portugal. If you think you can meet the requirements, why not? It’s definitely worth a try!