Retiring abroad comes with many benefits for people who want to spend their retirement years in another country. The costs of retiring abroad are also quite tolerable considering the healthcare benefits and high quality of life. In addition, the best places to retire offer favorable tax rates as well.
If you wonder where the best places to retire in the world are, have a look at the following sections. You can find details about some popular countries and the retirement process they entail.
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Best Places To Retire in Europe
Europe is the hotspot of the best countries to retire for international retirees. Lots of European countries have great attractions, favorable climates, and a healthy and quality lifestyle. So, it’s only a matter of location that you need to decide about.
Let’s now dive into the list of the best places to retire in Europe.
Portugal
In Portugal, housing costs and the general cost of living are affordable. In addition, the country has many attractive beaches along the Atlantic. Portuguese cuisine and food are other attractions that foreigners take interest in. In Portugal, the best cities to retire include Lisbon, The Algarve, Porto, Cascais and Estoril.
If you want to retire in Portugal, you can start by applying for Portuguese residency. D7 Visa can be an ideal option for the ones who want to have regular income. D7 Visa allows you to settle in Portugal and get passive income like pension. You can also benefit from Social Security benefits through this visa. Investing in Portuguese funds for the Golden Visa is one of the best ways to get a visa as well.
Portugal Golden Visa is another option you can consider for relocation to the country. You can buy a property in Portugal and obtain a Portuguese residency permit. In this way, your family can also stay with you in Portugal. You’ll also be exempt from visa in entering the Schengen area. Golden Visa is rather a fast process to obtain residency. It can also lead to citizenship after five years.
Greece
Greece is one of the best countries to retire with its mild climate. You can enjoy the warm people and local culture with great cuisine.
Greece is another European country that offers a Golden Visa. You can buy property in Greece to qualify for a Golden Visa. The minimum investment amount for this is €250,000. In this way, you can live in Greece with your family. As in the case of Portugal, this option is possible if you’re a non-EU citizen.
Public healthcare is also available in Greece for everyone. In addition, emergency treatment does not require any costs. It also offers a low cost of living as well as low taxes.
Greece is home to many beautiful beaches, islands, and towns. In Greece, the best cities to retire can include Athens, Corfu, Thessaloniki, Crete, and Chania.
Spain
Being one of the best places to retire, Spain offers a low cost of living, high quality of life, and delicious food for residents. In addition, it has beautiful beaches to spend time at.
The country offers a residence visa as well as a Golden Visa. As a non-EU citizen, you can invest in the country and get a Spanish residency permit. Real estate acquisition and capital investment are options to qualify for Spain’s Golden Visa. In this way, you can retire in Spain and even become a permanent resident or citizen after a certain duration.
Spain offers both public and private healthcare systems. Many people choose private healthcare not to wait for a long time for treatment.
The best cities to retire in Spain include Barcelona, Madrid, Valencia, Granada, and Malaga. While some of them offer great beaches, others may offer you countryside or vibrant locations.
Malta
In Malta, you’ll find a big expat community. In addition, English is the official language here. So, you’ll not find difficulty in communicating with locals. Like the other above mentioned countries, Malta is an affordable and safe country. The healthcare system in Malta is also quite developed.
You need to obtain residency to be able to retire in Malta. This is possible through residency or citizenship by investment programs in Malta. Fast-track citizenship is possible through the citizenship by investment program. You can obtain citizenship either in 12 or 36 months, based on the investment you’ve made.
Permanent residents have national healthcare options in Malta. However, if it’s your first time, you need to pay for the private healthcare system.
Some of the best places to retire in Malta include Sliema, St. Paul’s Bay, Gżira, and Valletta.
Turkey
Turkey is another popular country among international retirees and tourists. The country offers great beaches as well as beautiful vibrant cities such as Istanbul. Turkey offers a citizenship by investment program through which you get residency. In this way, you can enjoy your retirement years in Turkey. It only requires a $250,000 investment in Turkish property.
The best cities to retire in Turkey include Istanbul, Antalya, Bodrum, and Fethiye.
These countries are waiting for you to welcome you in your retirement years.
