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Retirement 2022: Countries With The Best Programs For Retirees

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Date Published: July 29, 2022 | Date Updated: July 29th, 2022
By July 29, 2022 No Comments
Retirement planning - Savory & Partners

Retirees are flush with choices in terms of destinations to consider, but here are some of the top countries to keep in mind when planning for retirement.

Portugal

Sunny Portugal is one of the best options in the world, not only because it offers two simple residency routes for retirees to obtain legal status in the country, the Golden Visa and the D7 Visa, but because the country itself is an amazing place to live.

With a tempered climate, amazing mix of culture, outstanding healthcare, and some of the most pleasant people in the world, Portugal is an excellent place for retirees to spend their golden years in a country that operates on the EU standards.

Not only is Portugal full of outstanding cities such as Lisbon, Porto, and the Evora to choose from, they all boast endless activities and a relatively low cost of living compared to the rest of Europe.

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Portugal also has great tax exemption programs, such as the Non-Habitual Residence Tax Regime (NHR), which alleviates the tax burden on its new residents. The great news is that those coming into Portugal through the D7 or golden visa qualify for the NHR, making Portugal an overall excellent option.

Getting to Portugal through the golden visa or the D7 is extremely simple, as they only require an investment in real estate or proof of sufficient financial means, respectively, and the country’s strategic location offers retirees the ability to communicate with the rest of the world easily, or even hop on a short flight to anywhere they wish, especially considering that Lisbon’s airport has 115 direct destinations on its roster.

Portugal Golden Visa - Savory & Partners

Portugal is an excellent place for retirees to spend their golden years in a country that operates on the European Union standards.

Greece

Those looking for sunny beaches with outstanding cuisine should, at one point or another, consider Greece as their retirement destination.

The country is known for its marvellous natural scenery, unique culture, breathtaking architecture, and abundance of adventure.

Whether a person chooses the sandy shores of Mykonos, the bustling agoras of Athens, the mountainous Thessaloniki, or the laid-back Cephalonia, they are in for an outstanding time.

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Greece also boasts great healthcare and robust banking services, making the stay even more enjoyable. The EU country also levies a flat tax of just 7% on retirees, making it one of the best tax frameworks in the EU for those looking to lay back and get good value for their money.

Getting into Greece is also simple, as retirees can choose between the Golden Visa or the financially dependent persons (FIP) visa to obtain residence. Both operate on a similar structure to Portugal’s options, making it a great choice for those looking for something simple and quick.

Greece Golden visa - Savory & Partners

Greece is known for its marvellous natural scenery, unique culture, breathtaking architecture, and abundance of adventure.

Turkiye

There is another great option for retirees next to Greece, as the Anatolian nation of Turkiye has long been a desirable destination for those looking to spend their free time in a country that boasts endless history, distinctive culture, delicious cuisine, spectacular natural scenery, and a pleasant climate.

Turkiye’s massive size offers retirees various options to choose from, between the busy streets of Istanbul, the amazing shores of the Turkish Riviera, the Mountains of Trabzon, or the plains of Ankara.

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However, the most interesting part of the nation could be its extremely low cost of living, especially when compared to the quality of services and products on offer. The fluctuations in the local currency, the Turkish Lira, make it a great destination for those making their money in foreign currency.

Getting into Turkiye is also a simple procedure, and not just because Istanbul’s airport has the largest direct flight roster in the world, but because a person can become a Turkish national by purchasing any real estate for USD400,000. This allows retirees to live in Turkiye as citizens rather than residents.

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The most interesting part of Turkiye could be its extremely low cost of living, especially when compared to the quality of services and products on offer.

 A Lot Of Other Options

Planning for retirement can seem exhaustive, especially considering that there are various other options to consider, such as countries in the Caribbean that offer island living as well as citizenship by investment programs so that retirees can spend their golden years on sandy shores as residents of the country.

However, we at Savory & Partners make it very simple, consulting you on the specifics of each destination that match your criteria and preferences. All you need to do is contact us today for a consultation with one of our experts.

Now that you know the best programs for retirees, find out the key factors to consider when selecting a destination.

 

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Jeremy Savory

About Jeremy Savory

Jeremy Savory, the founder and CEO of Savory and Partners, runs one of the world’s leading HNW citizenship by investment firms. The second passport company has coverage in over 20 jurisdictions including Europe.

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