Last Updated: September 21, 2026

Global Retirement Report: Portugal

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Introduction

The 2026 Global Retirement Report & Index benchmarks 46 retirement, passive-income and non-lucrative visa programs as an allocation decision, a way to diversify tax, lifestyle and political exposure across borders. Each is scored on five weighted factors: Quality of Life, Mobility & Citizenship, Tax, Procedure, and Costs & Investment, combined into a single composite. Below is the program’s overall score and rank, followed by the five sub-indices that show where its real strengths and trade-offs lie.

Rankings Snapshot

Index	Ranking	Score
Overall Ranking	5th	99.3
Procedure Index	32nd	73.9
Citizenship and Mobility Index	4th	99.1
Quality of Life Index	6th	93.9
Tax Optimization Index	41st	58.3
Costs and Invest Index	35th	88.7

Country Information at a Glance

Category	Details
Legal Provision	D7 Visa — D7 residence visa (Passive Income Visa). Citizenship under Lei Orgânica 1/2026 (in force 19 May 2026); family reunification under Lei 61/2025.
Region	Europe
Income Requirements	€920/mo. Qualifying income: Passive foreign-sourced income: pensions, rental, dividends, IP royalties, investments.
Processing Time	18-24 months end-to-end to the residence card.
Family Member Inclusion	Spouse, children <21 and dependent parents. Income +50% (spouse), +30% per child.
Tax Benefits	Worldwide taxation; income tax 12.5%–48% (+2.5–5% solidarity). Wealth tax: None. Inheritance tax: Transfers of assets by inheritance (or gift) to a spouse, unmarried partner, descendants (children, grandchildren), and ascendants (parents, grandparents) are exempt from Stamp Duty. 10% stamp duty apply to others. Retiree benefits: IFICI / NHR 2.0 (successor to NHR, which was modified in 2024) for eligible professions; progressive IRS from ~12.5%.
Path to Citizenship	10 for all nationalities and 7 for CPLP nationals. Time spent on this visa counts toward the residency requirement for naturalisation.
Dual Citizenship	Allowed

Conclusion

Portugal places #5 of 46 overall (score 99.3), scoring strongest on Mobility & Citizenship and weakest on Tax Optimisation. Its D7 Visa sets an income bar of €920/mo, with citizenship possible after 10 years. It best suits those who value travel freedom and a clear path to a second citizenship; the main trade-off is that the tax treatment of foreign and retirement income is less favourable.

Footnotes

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