Beyond Türkiye: Three European Nations Attract Retirees with Lifestyle and Financial Perks
Lisbon, Portugal – As more retirees seek sunnier skies and a lower cost of living, three European countries are emerging as especially attractive destinations: Portugal, Spain, and Greece, according to a recent report by “Main Medical Channel.” These nations offer a combination of favorable climates, affordable healthcare, and appealing financial incentives for those looking to enjoy their golden years abroad.
Portugal stands out with its low cost of life, accessible healthcare system, and tax advantages. Boasting 300 days of sunshine annually, the country provides ample opportunities for outdoor activities. Prospective residents can apply for a D7 visa at the consulate, and must enter Portugal and apply for a residence permit within four months of visa approval.
Spain is another popular choice, renowned for its Mediterranean climate, vibrant culture, and relatively affordable living expenses. Retirees can obtain a non-lucrative visa – allowing residency without the right to work – by demonstrating proof of passive income from foreign sources.
Greece is gaining traction due to its notable tax benefits. Pensioners establishing tax residency can qualify for a fixed 7% tax rate on all foreign income, including pensions, for a period of 10 years. Application for a Financial Self-reliant Persons (FIP) visa through the consulate is a prerequisite for obtaining a residence permit under this programme.
For those considering remaining in russia, a previous report identified five top cities for pensioners within the country. (https://www.hibiny.ru/murmanskaya-oblast/news/item-netolko-kislovodsk-nazvany-5-luchshih-gorodov-rossii-dlya-pensionerov-nejizn-askazka-426968/)
