Retirement is a time to relax and enjoy the fruits of your labor, and many Americans are choosing Portugal as their ideal destination. The D7 visa offers an attractive pathway to enjoy the beauty, culture, and favorable living conditions of Portugal. Here’s why the D7 visa is a great choice for American retirees.
High Quality of Life:
Portugal is known for its high quality of life. The country boasts a mild climate, beautiful landscapes, and a rich cultural history. From the vibrant cities of Lisbon and Porto to the serene beaches of the Algarve, there is something for everyone. The Portuguese lifestyle emphasizes leisure, good food, and social interaction, making it a welcoming environment for retirees.
Affordable Cost of Living:
Compared to the United States, the cost of living in Portugal is relatively low. Housing, food, transportation, and healthcare are more affordable, which means retirees can enjoy a comfortable lifestyle on a modest budget. Renting a two-bedroom apartment in a city center might cost around €2,000 per month, while outside the city, prices are significantly lower.
Excellent Healthcare System:
Portugal’s healthcare system is highly regarded, offering quality care at an affordable price. Most of the retirees choose a good private health insurance with reasonable prices. The public healthcare system (SNS) is available to residents, including D7 visa holders, after they register with the local health center. Additionally, private healthcare is available and often used in conjunction with public services, providing quick access to specialists and shorter waiting times.
Tax Benefits:
Portugal offered a Non-Habitual Resident (NHR) tax regime, which provided significant tax advantages for new residents, including retirees. Under the NHR regime, foreign income may be exempt from Portuguese taxation for up to 10 years. The program is on hold now, but the government is discussing the return with some adjustments.
Safety and Stability:
Portugal is one of the safest countries in Europe, with low crime rates and a stable political environment. This sense of safety is particularly important for retirees looking for a peaceful and secure place to live out their golden years.
Visa Flexibility:
The D7 visa provides a pathway to residency with relatively straightforward requirements. Once granted, it allows for free movement within the Schengen Area, making travel around Europe easy and convenient. After five years, D7 visa holders can apply for permanent residency or even Portuguese citizenship, which opens up further benefits. Your family can also be attached to your D7 visa, as spouse and kids.
Friendly and Welcoming People:
The Portuguese are known for their hospitality and friendliness towards Americans. English is widely spoken, especially in urban areas and tourist destinations, making the transition easier for American retirees. In addition to that, it’s common to see groups of American expats organized all over the country. You can find those groups on Facebook.
The D7 visa offers numerous benefits that make Portugal an appealing destination for American retirees. With its high quality of life, affordable cost of living for Americans, excellent healthcare, and welcoming community, Portugal provides the perfect backdrop for a relaxed and enjoyable retirement. The added visa flexibility makes the D7 visa an even more attractive option for those looking to retire abroad.
You can contact us if you have questions about which visa is the perfect visa for you.