Recently, the U.S. magazine International Living released its 2023 ranking of the best countries for retirement, with Portugal ranking first.
The 2023 Annual Global Retirement Index is based on comprehensive and in-depth research, selecting destinations suitable for retirement according to seven criteria: housing costs, ease of obtaining residency/retirement benefits, cost of living, popularity, development/government governance, climate, and healthcare.
Portugal has been on the "2023 World's Best Countries for Retirement" list for four consecutive years. In this ranking, the popular immigration destination of Portugal took the top spot with a comprehensive score of 87.43, making it the best country for retirement in the world in 2023, moving up 3 places from last year. In the sub-rankings, it scored 1st in four categories: popularity, development/government governance, climate, and healthcare; 3rd in housing costs; and 5th in ease of obtaining residency/retirement benefits, leading other countries.
Located in Europe, Portugal is rich in tourism resources and has a mild climate, with vibrant cities like Lisbon and Porto and numerous beautiful seaside resorts. The local cost of living is low, the people are warm and friendly, and the integration of expatriates is high, making it one of the most popular retirement destinations for expatriates today.
Portugal has first-class healthcare services, low living costs, and a high level of safety. The Portuguese government invests 10.1% of its GDP in healthcare annually, making the national healthcare system relatively perfect, currently ranked 12th by the World Health Organization. Portugal's health system provides universal coverage, with corresponding procedures set up from private doctors, community doctors, specialist hospitals, to general hospitals, distributing medical responsibility for every individual to every corner of the medical system.
At the same time, prices in Portugal are low and the people are affluent. Western Portugal has a long coastline, and combined with the pleasant temperature, the life of the local people is very leisurely; wine, sunshine, and beaches are an indispensable part of their lives. Most people think that countries with developed tourism industries will have correspondingly high consumption levels. But Portugal is definitely one of the few countries with a low cost of living among many popular tourist destinations.
Pleasant Mediterranean climate, sound pension benefits, developed medical system, low cost of living index... It is well-deserved that Portugal ranks first in the 2023 best retirement country ranking. Whether it is food, clothing, housing, transportation, tourism, or investment, Portugal can meet the needs of many people, and more and more people are choosing to go to Portugal for various reasons such as tourism, immigration, investment, and study abroad.
For those who intend to immigrate to Portugal, they should seize the last opportunity to obtain an EU passport through property purchase, grasp the policy window period, and race against time to complete the submission before the new bill is introduced.
On August 21, 2023, local time, the President of Portugal vetoed the draft on "adjusting the Golden Residence Act." This means that the real estate investment method in Portugal's Golden Visa policy is still valid. It is reported that the Portuguese Parliament will re-draft the bill and submit it to the President for approval & signature. It is expected that the changes to Portugal's property purchase immigration policy will be postponed until early October. Investors must not miss this simple, fast, and cost-effective shortcut to obtain an EU passport.
Currently, through the Portugal Golden Residence Program, investors can purchase property starting from 280,000 Euros to apply for Portugal Golden Residence status for three generations of their family, enjoy Portugal's generous social benefits and high-quality educational resources, freely travel through 27 Schengen countries, and if they meet the corresponding conditions, children can participate in the Joint Entrance Exam for Overseas Chinese Students as overseas Chinese students, easily enter 985 and 211 universities with lower scores, and enjoy mainland higher education, which can be described as killing multiple birds with one stone! More importantly, holding a Portugal Golden Residence Permit visa for 5 years and meeting the low residency requirement of 7 days per year qualifies one to apply for Portuguese citizenship, obtain a Portuguese EU passport, and enjoy the generous benefits of EU citizenship.
As one of the Top 500 Asian Brands and a group focusing on investment immigration for over 20 years, WorldWay Group was one of the earlier immigration agencies in China to promote the Portugal Golden Residence Visa project in October 2012. In April 2013, it joined hands with the Embassy of Portugal in China to hold the "Portugal Golden Residence Program Launch Ceremony," introducing the Portugal Golden Residence Program to China and helping many investors realize their dreams of Portugal. WorldWay Group is your trusted choice for handling Portugal immigration.
For more details on Portugal property purchase immigration, please private message us in the comment section or call the WorldWay service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
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