In a globalized world where everybody speaks English and you can easily travel with low cost airline companies you can choose where to live and to enjoy your retirement. Portugal, a little slice of paradise can be your choice.
According to legislation your pension is taxed where you have your residency and if you choose Portugal as a non-permanent residency, which is relatively easy, Portugal exempts you from paying taxes in regard to the pension and passive income generated in Portugal for a period of 10 years.
Portugal is a very small European country that offers the most fantastic advantages for those who live there. Not only it is amazingly beautiful with astonishing landscapes and great weather but it is also one of the cheapest countries to live in Europe. These advantages do not end here: Portugal is also one of the safest countries in the world and the people…oh those are extremely friendly. Public transportation works very well and there are high quality schools. All these reasons make Portugal the perfect destination for pensioners to live their retirement by the sun.
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