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Moving Abroad? These 9 Countries Don’t Tax Retirees at All!

March 21, 2023 · Taxes
portugal
Photo by Frank Gaertner from Shutterstock

3. Portugal

If you’re thinking about spending your retirement years in Europe, then Portugal is the best option for you. Not only is this temperate Iberian country a beautiful place to live, but it’s also known for the safety its residents enjoy. According to the 2022 Global Peace Index, Portugal ranks as the sixth-most peaceful country worldwide. Not bad at all.

Portugal is a remarkably affordable option because it has one of the lowest costs of living on the continent. This includes lower-than-average prices for lodging, food, and other day-to-day expenses. If you’re looking for more reasons to retire here, there it is: residents enjoy a truly comprehensive healthcare system.

If you’re interested in spending your golden years here, Portugal’s D7 Visa and Golden Visa programs are both excellent for getting long-term residency.

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