lisbon best neighborhoodsBoasting an array of enticing attributes, Portugal stands out as a compelling retirement destination in Europe. The country’s sunny weather is complemented by breathtaking landscapes that range from pristine beaches to picturesque countryside. Portugal’s commitment to safety, coupled with a robust healthcare system and a high quality of living, further enhances its appeal. 

While European Union citizens can seamlessly live in Portugal, non-EU citizens must apply for a visa in order to retire in the country. 

Some of the most suitable visas for those seeking to retire in Portugal are the D7, ideal for individuals who have a stable source of passive income, and the Golden Visa, perfect for those seeking to make a qualifying investment in the country.

This comprehensive guide explores Portugal’s retirement visa options, shedding light on their benefits, main differences, eligibility criteria, and respective application processes. Additionally, prospective retirees will gain valuable insights into the pros and cons of living in Portugal as we offer a holistic perspective to aid in their decision-making process.

Have a look below to learn more.

How to Retire in Portugal?

Retiring in Portugal involves a thoughtful process that encompasses visa considerations but also lifestyle choices and a few practicalities. To retire in Portugal, you’ll first need to understand the visa requirements.

The Portugal D7 visa, also known as the Portugal Passive Income visa or Portugal Retirement visa, provides a pathway to permanent residency in Portugal for non-EU/EEA citizens who do not depend on active employment income. The Portuguese government launched this visa program in 2007.

Apart from choosing the Portugal retirement visa that suits you the best, you’ll have to assess your financial stability. This is important to ensure you have a reliable financial plan to sustain your retirement in Portugal, considering factors like healthcare, housing, and daily expenses.

Portugal Retirement Visas: The Options

The D7 Visa and the Portugal Golden Visa are two popular retirement visas for individuals seeking to move to Portugal. Catering to specific circumstances, each of these visas comes with an array of attractive benefits, including the possibility of applying for Portugal citizenship, provided the requirements are met.

We’ll break down everything you need to know about these two Portuguese retirement visas further in the article, including information about their main benefits, eligibility criteria, and application process.

Retire in Portugal with a Portugal Golden Visa

The Portugal Golden Visa program is a five-year residency-by-investment scheme for non-EU nationals. The program was introduced in 2012 as part of a plan to boost foreign investment in Portugal and benefit the country’s economy. It’s considered one of the most successful investment programs in the wor.d

Officially known as the Residence Permit for Investment Activity (ARI), the Golden Visa grants applicants the right to live, work, and study in Portugal as long as they make a qualifying investment in the country. 

The Portuguese Golden Visa is ideal for retirees as it allows them to reside in Portugal without the need to engage in professional or business activities (investment is the main requirement for this visa). Golden Visa holders can also bring their family members to live in Portugal with them.

Advantages of retiring under the Golden Visa Portugal

If you’ve got significant savings or funds from capital gains to invest in Portugal, the Golden Visa is a great option for retirement in Portugal. Not only will you be able to expand your investment portfolio, but you’ll also acquire Portuguese residency in no time.


Some of the Golden Visa Portugal highlights include:

  • Family members included in the application (including spouse and dependent children)
  • Relatively affordable investment options to choose from (cultural and artistic donations, investment funds, business set-up)
  • Minimum investment requirements starting from €250,000
  • A requirement to spend a minimum period of seven days in the first year in Portugal, then a subsequent 14 days for every two-year period
  • A pathway to gain Portuguese citizenship after the fifth year
  • Visa-free access to the Schengen area’s 27 countries
  • Live in a safe country with affordable living costs and a high quality of life

Portugal Golden Visa visa eligibility criteria

To qualify for the program, foreign retirees must fulfill the following Golden Visa requirements for Portugal:

  • Be either non-EU, non-Swiss, or non-EEA
  • Make a minimum investment of €250,000 (investment routes are various)
  • Have a clean criminal record
  • Spend a minimum of seven days in Portugal for the first year, then no less than 14 days each subsequent two-year period

Golden Visa required documents

The following documents are required to apply for the Golden Visa Portugal:

  • Golden Visa application form
  • Copy of a valid passport and travel documents
  • Declaration from your bank in Portugal confirming the transfer of funds from abroad
  • Proof of health insurance in Portugal (only required if the investor resides in Portugal). The health insurance policy must provide coverage for all medical expenses.
  • A background check or a police clearance letter from your country of origin
  • A declaration of honor compromising to maintain the investment for five years
  • Documents showing a good standing with the Portuguese Tax and Customs Authority
  • Document showing non-enrollment or a good standing with the Social Security
  • A receipt showing that you already paid the application processing fee
  • Note that the certificates of criminal records or police clearance letters must have been issued no more than 90 days before submitting your application.

Investment Options for the Portuguese Golden Visa

Portugal’s stable and dynamic economy and exciting startup and tech scene make it an ideal destination for retirees and investors to invest in the European Union. The Golden Visa investment must be made before the application can be filed to get the Golden Visa residence permit.

portugal golden visa lawyerHere are the Portuguese Golden Visa investment options:

  • Fund Subscription: Make a contribution to a qualified investment fund worth at least €500,000
  • Investment or donation in the arts or reconstruction of national heritage with a donation of at least €250,000 (Read: Cultural Production Golden Visa Portugal)
  • Scientific Research: Science or Technology research contribution of at least €500,000
  • Creation of ten jobs: Creation and maintenance of ten jobs during the required period
  • Share capital and job creation: Incorporation of a company or reinforcement of a company’s share capital, in either case with an investment of €500,000, combined with the creation of five or maintaining ten jobs (5 of them permanent)

October 2023 Golden Visa Update  

Portugal’s Golden Visa Program underwent some significant changes. The proposed law has come into effect, and the program no longer accepts any real estate options, as well as certain types of capital transfers as qualifying investment options.  However, there are many other investment options that will continue to be eligible for the program. 

For more information, including continuous updates on this visa category, please refer to our articles: The Portugal Golden Visa changes and Portugal Golden Visa 2024: New Rules and Complete Guide.

Retiring in Portugal with a Portugal D7 Visa

Another great option for non-EU citizens seeking to retire in Portugal is the D7 Visa. Also known as the Portuguese Retirement Visa, and the Passive Income Visa, the D7 allows foreigners to legally reside in Portugal, provided that they have a stable source of passive income. These funds can come from pensions, real estate, transferable equity, intellectual property, or financial investment.

Holders of the D7 Visa will be granted a temporary residence permit valid for two years, which can then be renewed for a three-year period. After this, the residency permit can then be converted into a permanent residency card.

After a five-year period of holding a legal residence permit under the D7 Visa regime, retirees are able to obtain permanent residency in Portugal. They can also apply for Portuguese citizenship, provided they fulfill the requirements foreseen in Portuguese law.

Advantages of retiring under the Portugal D7 Visa

The Portugal D7 Residency Visa is the best option for expats dreaming of retiring in Portugal without making a major investment. Affordable, easily accessible, and family-friendly, the D7 Visa is the perfect scheme for self-sufficient individuals looking to call Portugal their new home. 

Some of Portugal’s D7 Visa highlights include:

  • Visa-free travel and movement throughout the Schengen Area’s 27 European countries
  • Affordability (as applicants don’t have to make a significant investment in Portugal)
  • Pathway to a Portuguese permanent residence
    and Portuguese citizenship (whereby it’s possible to get a Portuguese passport)
  • Once you have a residence card through the Portugal D7 Visa, your family can join you in Portugal
  • As a Portuguese resident through the D7 Visa, you can enjoy a myriad of benefits. These include access to the national health service, the Portuguese National Education Service, and the local schools

Portugal Retirement Visa eligibility criteria

  • Be a non-EU national
  • Earn a passive income of at least €820.00 per month (your income can come from pensions, transferable equity, real estate, intellectual property, or financial equity)
  • Show proof of a place to live in Portugal
  • Be willing to reside for more than 183 consecutive days per calendar year in Portugal

Portugal Retirement Visa requirements

To apply for a retirement visa for Portugal, you must have the following documents:

  • Completed D7 Visa application form
  • Valid passport
  • Two passport photos (passport sized)
  • Proof of passive income
  • Proof of adequate accommodation (12-month lease agreement)
  • Criminal record background check
  • Valid travel insurance with healthcare services
  • Three months of bank statements
  • Last year’s tax statement

You’ll have to submit all required documents to the Portuguese Consulate in your country of residence or to VFS Global (if this is the case). If your visa application is approved, the Portuguese Consulate will issue the D7 Visa – which will allow you to travel to Portugal and grant you an appointment at AIMA to formalize the residence permit request.

Portugal Retirement Visa minimum passive income requirements

Apart from gathering the required documents to qualify for the D7 Visa and residence permit, demonstrating a regular passive income of at least €820.00 per month in 2024 is mandatory. The higher your passive income shown, the smoother the D7 Visa process, as it confirms your ability to afford your lifestyle after retiring in Portugal without needing to work or produce additional income locally.

The main applicant for the Portugal Passive Income Visa is required to maintain a minimum balance of €19,680.00 in a bank account in Portugal throughout the application period (2 years).

This balance increases with additional family members:

  • An extra 50 percent (€9,840.00) is needed for a spouse or any other family member over 18,
  • An extra 30 percent(€5,904.00) is needed for each family member under 18.

Take a free test now to find out if you are eligible for the Portugal D7 Visa

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Portugal Retirement Visa Fee

The fees will depend on which retirement visa you’re applying for. 

Expect to pay the following amount for your D7 Visa:

  • For your D7 Visa application, you can expect to pay €90
  • For your residence permit, you can expect to pay around €160

For the Golden Visa Portugal, the new Government Fees involved with the submission, granting, and renewal of the residence permit are: 

  • Online application submission – € 773.74  
  • Granting the permit – € 7,730.10  
  • Per renewal – € 3,865.79

Getting a NIF Number and a Portuguese Bank Account

NIF Number in Portugal

The tax identification number in Portugal, also known as the NIF (Número de Identificação Fiscal), is an essential requirement for retiring in Portugal. This nine-digit taxpayer number is also essential to comply with your tax obligations in the country.

Issued by the Portuguese tax office, the NIF number is necessary for several financial transactions such as signing contracts, opening bank accounts, leasing properties, and conducting other financial activities in Portugal. 

Opening a Portuguese bank account

Opening a local bank account is another essential step for retirees moving to Portugal. This can be done after getting your Portuguese NIF number.

Although a few Portuguese banks offer the convenience of online account opening, the majority typically mandate in-person visits for banking applications, necessitating a trip to a local branch.

Our ultimate guide to how to open a bank account in Portugal will help you navigate the process seamlessly, providing step-by-step instructions, essential documentation requirements, and valuable tips to ensure a smooth and efficient experience tailored to your financial needs

Portugal's Retirement Visa Tax Implications

For expats retiring in Portugal through both the D7 and the Golden Visa, learning about the NHR scheme is essential. Non-habitual residence (NHR) is a special tax status for individuals who establish tax residency in Portugal. 

The NHR status is available to anybody who has not been a tax resident for the past five years.

After applying to the NHR scheme, retirees can enjoy an array of tax benefits, such as being exempt from paying local taxes for the next ten years, which avoids double taxation.  Currently, NHR offers a 20 percent income tax rate to people employed in ‘high-value’ professions, as well as the potential to receive some foreign income, like property gains or pensions, free of certain Portuguese tax. It also offers a flat ten percent tax on the foreign pension income for non-habitual residents.  

Is NHR ending?

The State Budget Law for 2024 determined the end of the NHR regime from 1st January 2024. However, certain individuals can still apply up until 31st March 2025, and the scheme is being replaced by the Tax Incentive for Scientific Research and Innovation, which has now been implemented. To learn more, please refer to Is The Portugal NHR Ending?

Who Can Retire in Portugal?

Portugal is an attractive destination for retirees, and the ability to retire in the country is generally open to individuals from various backgrounds.

If you’re a citizen of the European Union, you have the freedom to live in Portugal without needing a specific visa. For non-EU citizens, however, exploring Portugal’s retirement visas (such as the D7 and the Golden Visa) is essential

Retiring in Portugal as a US citizen

Retiring in Portugal as a US citizen is an attractive option due to the country’s affordability compared to the United States, safety, and political stability. Portugal’s lower cost of living allows retirees to maintain a comfortable lifestyle, and the country consistently ranks high in global safety indexes. Portugal also ranked first in a study released by International Living in January 2023 as the best country for Americans to retire.

US citizens can stay in Portugal for up to 90 days within 180 days without a visa. Retirees typically apply for a residence visa for longer stays, which may require proof of income, health insurance, and a criminal record check. The Non-Habitual Resident (NHR) tax regime in Portugal provides potential tax benefits for retirees. Under this tax scheme, US citizens are taxed at a flat rate of 20 percent for Portuguese-sourced income and ten percent for foreign-sourced income, which encompasses foreign retirement and social security payments.

USA nationals are entitled to free healthcare only when obtaining permanent residency in Portugal. However, after relocating to the country and settling in, they can obtain Portuguese private health insurance, which is considerably cheaper than its US counterpart.

Recommended Read: Americans Moving to Portugal: All You Need To Know

Retiring in Portugal as a UK citizen

While the United Kingdom has officially left the European Union, Portugal remains an attractive destination for retirees due to its climate, affordable living costs, and healthcare system.

UK citizens can stay in Portugal for up to 90 days within a 180-day period without a visa. For longer stays, including retirement, applying for a Portuguese visa is required.

The weather in Portugal is often a significant draw, especially when compared to the UK. This shift in weather can significantly enhance the overall quality of life for those accustomed to the UK’s cooler and less predictable climate.

The cost of living is another compelling factor. Portugal is generally more affordable than many UK cities, making it an appealing option for retirees looking to stretch their retirement income further.

Retirement in Portugal: What You Need To Know

The benefits of retiring in Portugal

Portugal is regarded as an attractive retirement destination thanks to a combination of factors, such as weather, affordability, and quality of life.

living in portugal climate

Here are some key advantages of retiring in Portugal:

  • Pleasant year-round weather: Portugal boasts a Mediterranean climate with mild winters and warm summers, making it an ideal destination for those seeking pleasant weather year-round. In fact, Portugal is known for having the best climate for retirement, which contributes to a comfortable and enjoyable lifestyle.
  • Stunning landscapes: From golden beaches along the Algarve to the lush vineyards of the Douro Valley, Portugal is adorned with diverse and breathtaking landscapes. Retirees can explore the country’s natural beauty and enjoy a variety of outdoor activities.
  • Rich cultural heritage: Portugal’s history is woven into its cities, architecture, and traditions. Retirees can immerse themselves in a culture that values art, music, and gastronomy.
  • High quality of life: Portugal consistently ranks high in global quality of life indices. The country offers a relaxed lifestyle, excellent healthcare services, and a strong sense of community, contributing to an overall high standard of living.
  • Affordable cost of living: Compared to many other EU countries and major cities in the United States, Portugal is known for its affordability. Retirees can enjoy a comfortable lifestyle with a reasonable cost of living, including affordable housing, dining, and recreational activities.
  • Safety and stability: Portugal is considered one of the safest countries in Europe. The low crime rates and political stability provide retirees with a sense of security and peace of mind during their retirement years. To learn more about safety in Portugal, make sure to read our article: Is Portugal Safe?
  • English is widely spoken: Portugal is home to a vibrant community of expats, so you can usually find people who speak English everywhere you go. Around a third of Portuguese people speak English, especially in major cities and tourist regions such as Lisbon and Porto. According to the 2022 EF English Proficiency Index (EF EPI), which takes into account 100 countries and regions around the world, Portugal has the eighth-highest English proficiency among non-native speakers in the world.

The best places to retire in Portugal

Portugal has a variety of attractive locations for retirees, each with its unique charm and appeal. Here are some of the best places to consider for retirement in Portugal:


Lisbon (Slider)Lisbon emerges as a top retirement destination in Portugal due to its sunny weather, captivating blend of rich history, vibrant culture, and stunning architecture, creating an unparalleled living experience. Its mild Mediterranean climate and proximity to beautiful beaches offer year-round outdoor opportunities, while an excellent healthcare system and relatively low cost of living compared to other European cities ensure retirees’ well-being and financial comfort.

Moreover, Lisbon’s diverse entertainment options, from world-class restaurants to cultural events, provide ample opportunities for leisure and enjoyment, making it an ideal choice for those seeking a fulfilling retirement experience.

Still undecisive about relocating to the Portuguese capital? This article on Why Retire in Lisbon will help you make up your mind.


The Ultimate Guide to Buying Property in Porto PortugalPortugal’s second-largest city, Porto, is renowned for its picturesque setting along the Douro River. 

The city stands out as one of the premier retirement destinations in Portugal for various compelling reasons. Its charming blend of old-world charm and modern amenities creates a unique living environment that appeals to retirees seeking a laid-back yet culturally rich lifestyle. 

Porto’s picturesque setting along the Douro River, coupled with its UNESCO World Heritage sites and historic architecture, offers retirees a captivating backdrop for their golden years. 

Additionally, Porto boasts a relatively lower cost of living compared to other major European cities, making it an attractive option for retirees looking to make the most of their retirement savings. 

The city’s excellent healthcare system, diverse culinary scene, and thriving arts and cultural scene further enhance its appeal, providing retirees with a fulfilling and enjoyable retirement experience in Portugal.


Faro-PortugalThe Algarve region is widely regarded as one of the best places to retire in Portugal, drawing retirees with its stunning coastline, year-round sunshine, and relaxed lifestyle. 

Its picturesque beaches, dramatic cliffs, and crystal-clear waters offer retirees endless opportunities for outdoor activities such as swimming, golfing, and hiking, promoting an active and healthy retirement lifestyle. 

The region’s charming towns, such as Faro, Lagos, and Albufeira, with their whitewashed buildings, cobblestone streets, and vibrant markets, exude a tranquil and laid-back atmosphere ideal for retirement living. 

Not to mention that the Algarve boasts a well-developed infrastructure, including modern healthcare facilities, excellent transportation networks, and a wide range of amenities and services catering to retirees’ needs.

Read: Living in the Algarve Guide


Cascais, nestled along Portugal’s stunning Atlantic coastline, is a sought-after destination for retirees seeking a blend of natural beauty, cultural richness, and modern amenities. This charming coastal town offers retirees a tranquil and sophisticated lifestyle, with its picturesque beaches, elegant promenades, and historic landmarks creating an idyllic setting for retirement.

Cascais boasts a mild climate, ensuring pleasant weather throughout much of the year, ideal for outdoor activities like golfing, sailing, and leisurely strolls along the waterfront.

The town’s proximity to Lisbon provides retirees with easy access to the capital city’s world-class healthcare facilities, cultural attractions, and international airport, offering convenience and peace of mind.

With its blend of natural splendor, cultural heritage, and modern comforts, Cascais presents retirees with an alluring option for a fulfilling and enjoyable retirement experience in Portugal.

Funchal (Madeira)

The town of Ponta do Sol, in the Madeira Island of Portugal.Funchal, the capital city of Madeira, offers retirees a unique and enchanting retirement destination characterized by its natural beauty, temperate climate, and relaxed atmosphere.

Nestled amidst lush greenery and surrounded by the sparkling waters of the Atlantic Ocean, Funchal provides retirees with a serene and idyllic setting to enjoy their golden years.

The city’s charming streets are lined with colorful flowers, historic buildings, and inviting cafes, creating a picturesque backdrop for leisurely strolls and socializing.

Retirees in Funchal can take advantage of the island’s mild climate, which ensures comfortable temperatures year-round, perfect for outdoor activities such as hiking, gardening, or simply relaxing in one of the city’s many parks or botanical gardens.

Additionally, Funchal boasts a strong sense of community and a welcoming local culture, making it easy for retirees to integrate and forge meaningful connections. With its stunning natural landscapes, pleasant climate, and laid-back lifestyle, Funchal stands out as an ideal retirement destination in Portugal for those seeking tranquility, beauty, and a high quality of life.

Ponta Delgada (Azores)

Ponta Delgada, nestled within the enchanting Azores archipelago, is known for its blend of natural wonders and island charm. Surrounded by the Atlantic’s turquoise waters and framed by volcanic landscapes, Ponta Delgada provides a serene backdrop for retirement living.

Its cobbled streets adorned with historic architecture, quaint boutiques, and cozy cafes invite leisurely exploration, while the Azorean climate, characterized by year-round mildness, encourages outdoor pursuits such as scenic hikes along coastal trails or leisurely strolls through botanical gardens.

Beyond its natural allure, Ponta Delgada offers retirees a vibrant cultural scene, with museums, galleries, and local festivals celebrating the rich Azorean heritage, ensuring ample opportunities for enrichment and enjoyment. With its captivating landscapes, welcoming community, and relaxed island lifestyle, Ponta Delgada beckons retirees to embrace a retirement of tranquility and adventure amidst the stunning beauty of the Azores.

How much money do you need to retire in Portugal?

Portugal is one of the most affordable EU countries. You can comfortably retire in Portugal with an income of between €1,400 and 2,400 per month, depending on which part of the country you choose to live in. 

If you choose to move to Portugal with the Retirement Visa D7, you’ll need to meet the passive income requirements and earn above the minimum wage of at least €820.00 per month (your income can be foreign sourced income).

Health insurance when retiring in Portugal

The publicly funded Portugal’s National Health Service (called the Serviço Nacional de Saúde, SNS) ensures every resident has universal health coverage.

Portugal’s healthcare system is very affordable for both Portuguese citizens and legal residents. However, while you are in the process of securing your retirement visa, you will need to have private health insurance. Once you become a resident of the country, you can retain your private insurance if you so desire.

You can easily subscribe to private health insurance for foreigners at an affordable price. The insurance could cost between €20 and €50 a month, depending on your needs and required services. This means you can pay anywhere between €400 a year for a basic plan and €1,000 yearly for more well-rounded coverage. In addition, many public and private healthcare doctors speak and understand English.

Can I get permanent residency in Portugal with a Retirement Visa?

Neither the Retirement Visa D7 nor the Golden Visa guarantee directly grants permanent residency in Portugal. However, these two visas are indirect pathways toward permanent residency and even citizenship, depending on certain conditions and the duration of your stay.

After five years of holding the temporary residency granted through the Retirement Visa D7, you become eligible to gain permanent resident status in Portugal.

After getting a permanent residence permit, you can apply for Portugal citizenship, whereby you can get a Portuguese passport.

The same applies to the Golden Visa, but the condition is that you keep your investment in Portugal for five years.

What are the inheritance implications in Portugal?

As per the Portuguese Civic Code, the Portuguese Inheritance Law follows the principle that the deceased person’s home country should determine the rules for any inheritance proceedings. This means that, unless specified otherwise in a will, the handling and taxation of the deceased person’s estate will be governed by the inheritance laws of their home country.

Notably, Portugal does not impose an inheritance property tax. Instead, there is a flat-rate stamp duty of 10%. It’s important to mention that legitimate heirs are not required to pay this duty. Additionally, there are administration fees associated with the inheritance process.

Given the complexities of inheritance laws and taxation, seeking legal assistance from professionals specializing in Portuguese immigration is highly recommended. Legal experts can provide guidance tailored to individual circumstances.

Do I need to speak Portuguese to retire in Portugal?

While speaking Portuguese isn’t a strict requirement to retire in the country, it can greatly enhance your experience and ease daily interactions. Many locals speak English, but proficiency in Portuguese can facilitate integration and access to services. Consider language classes or immersion programs to better navigate life in Portugal and fully enjoy your retirement experience.

Why choose Global Citizen Solutions for your Immigration Visa?


  • GCS has offices located across Portugal.
  • Members of the US-Portugal and UK-Portugal Chambers of Commerce in Portugal, and the Investment Migration Council (IMC).
  • Our expert team can help you throughout your journey to secure your Visa. 


  • Our successful track record in applications provides reassurance to applicants. 
  • We have helped clients from more than 35 countries secure residency in Portugal.


  • With a single channel of communication, our approach ensures that you have complete clarity on your application. 
  • Our BeGlobal® Onboarding System allows for a total flow of information.


  • Our pricing is clear and detailed, you will not face any hidden costs.
  • All data is stored within a GDPR-compliant database on a secure SSL-encrypted server.

Frequently asked questions about the Portugal retirement visa

What is a Portugal retirement visa?

Portugal has several visas available for retirees seeking to move to Portugal. The best retirement visas for Portugal are the Golden Visa and the D7 Visa.

Can I retire in Portugal with the Golden Visa?

Provided you are a non-EU citizen willing to make a qualifying investment of at least €250,000, you are eligible to retire in Portugal under the Golden Visa.

Can I retire in Portugal with the D7 Visa?

Provided you are a non-EU citizen with sufficient funds to support yourself during your stay in Portugal, are willing to reside more than 183 consecutive days in Portugal, and have a place to stay in Portugal, you are eligible to retire in Portugal under the D7 Visa and eventually become Portuguese citizens.

What are the Portugal retirement visa income requirements?

Applicants need to prove a passive income outside of Portugal that is €820.00 or more per month. Passive income can be through a pension, rental income, or other means. An additional 50 percent of the income is required for a spouse and 30 percent for a child if you include relatives in the application.

Is health insurance a Portugal Retirement Visa requirement?

Yes, applicants must have travel insurance at the time of visa application and have private health insurance by their AIMA appointment, ensuring health insurance coverage while residing in Portugal during the application process.

There are numerous private health insurance plans in Portugal that can be paid through direct debit from your newly opened Portuguese bank account.

After moving to Portugal, you can enroll in the Portuguese healthcare system (SNS) provided by the Portuguese government, which can be used to renew your residence permit later.

How much money do you need for a retirement visa in Portugal?

Applicants for the Portugal D7 Visa need to prove a stable passive income of €820.00 or more per month.  An additional 50 percent of the income is required for a spouse and 30 percent for a child if you include relatives in the application.

Can I retire in Portugal as a US citizen?

Yes, as a US citizen, you can retire in Portugal. Portugal is a popular destination for retirees from around the world, including the United States. If you are a US citizen, you do not need a visa for short stays (up to 90 days) in Portugal or other Schengen Area countries for tourism purposes. However, if you plan to stay longer for retirement, you would need to apply for a long-term visa, such as the Portugal D7 Visa, or the Golden Visa.

Is there a retirement visa for Portugal 2023?

Yes, Portugal has a retirement visa option for non-EU citizens in Portugal, known as the Portugal D7. This visa is designed for foreign citizens who have a stable source of passive income and want to live in Portugal without pertaining in work activities.

What are the cons of retiring in Portugal?

Some of the cons of retiring in Portugal include the fact that bureaucracy can be quite slow and homes can be quite cold in the winter months – make sure you have good insulation in place. Also, in some more remote areas, you may need to have some familiarity with the Portuguese language.

Does Portugal tax US Social Security?

Under the Non-Habitual Resident (NHR) scheme, US citizens are taxed at 20% for Portuguese-sourced income and 10% for foreign-sourced income, which encompasses foreign retirement and social security payments.

Can I travel to other EU countries if I retire in Portugal?

Yes, if you get a Portuguese Retirement Visa, you can enjoy visa free travel within the 27 countries included in the Schengen Area.

Will my US pension be taxed in Portugal?

Portugal has a tax treaty with the United States to avoid double taxation on pensions. Generally, your US pension will be taxed in Portugal, but you may be eligible for certain exemptions or reductions under the treaty.

What is the D7 Visa Portugal?

The Portugal D7 Visa, also known as the  Retirement visa, is a route to Portuguese permanent residency aimed at non-EU/EEA citizens who do not need to rely on an active or salaried income – also known as passive income. Introduced in 2007, the D7 visa allows retirees to enjoy the benefits of living in Portugal while seeking residency status.


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