What is the story about?
What's Happening?
Portugal has been ranked as the number one country for retirement abroad by Global Citizen Solutions in their 2025 Global Retirement Report. The report evaluated 44 passive income and retirement visa programs across 20 indicators, including quality of life, safety, and tax optimization. Portugal offers non-EU citizens the D7 visa, allowing retirees with steady passive incomes to settle in the country. The report highlights Portugal's investment in attracting retirees, digital nomads, and investors, noting its high quality of life and safety. The country is praised for its favorable tax system, which includes foreign-earned income but excludes wealth and inheritance taxes for close family members.
Why It's Important?
Portugal's ranking as a top retirement destination reflects its strategic efforts to attract international retirees and boost its economy through foreign investment. The country's favorable visa programs and tax policies make it an attractive option for retirees seeking a high quality of life and financial benefits. This trend could influence other countries to enhance their retirement visa offerings and tax incentives to compete in the global retirement market. The report's findings also highlight the growing importance of quality of life and safety in retirement decisions, influencing global migration patterns among retirees.
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