Warm weather, stress-free living, and a good standard of living are all we want from our golden years.
But moving to another country requires some research and planning. Especially, etc Many visa options are available for people of working age.
That doesn’t mean there aren’t options for those looking later move abroadHowever.
Here are some of the best European visa options for pensioners, ranked by how much you can earn.
6. Italian optional residence visa
Italy is a popular destination for people to spend their golden years, and there are visa options designed to help you do just that.
requirements for Italian Selective residency visas are a bit more difficult than others on this list. To apply, you need a passive income of at least €31,000 per year. You cannot work while a resident of the country with this visa, even remotely for a company abroad.
Selective residence visas are valid for one year and can be extended up to four years. You can apply for permanent residence after working in the country for five years.
This is one of the most tightly regulated visa types, meaning it can take at least 3-6 months to process your application.
5. Useless Spanish visa
A non-profit Spain visa is an option for those looking to retire in the country.
Not as accessible as Portugal’s D7 visa, Spain You are required to have an income of 2,150 euros per month or 25,816 euros per year. You cannot apply for a useless visa using remote work income.
Applicants need to prove that they have access to health care equivalent to or better than the public health services of the country.
You are entitled to stay in Spain for one year after entering and must stay in the country for at least 183 days to renew your visa. It can be extended for four years, and after five years you can apply for permanent residence.
It is valid for 10 years and gives you access to the Spanish health system and other benefits available to citizens and permanent residents.
4. Greek residence permit for financially independent persons
Retiring in Greece means applying for a visa, officially known as the Financially Independent Residence Permit.
It requires you to have a passive income of at least €24,000 per year, but no economic or investment activities within the country. Acceptable sources of income include pensions, rental properties, and investments.
If you want to bring your spouse, you will need an additional 400 euros per month, and 200 euros for dependent family members.
You will also need a one-year rental agreement for the property. Applicants are required to provide proof of private medical insurance for the duration of their stay Greece.
This visa is issued for two years and can be extended at the end of this period. To maintain your residency status, you must stay in Greece for at least half a year.
3. Cyprus F category visa
Retirement walking along the sandy beaches of Cyprus sounds like an attractive option.
The country’s Category F visa is probably one of the best options to spend your golden years there.
Cyprus Just €9,568 per year, one of the lowest income requirements on this list. This can come from your pension, overseas rental property, investments, royalties or dividends, but it should be enough to provide a decent and comfortable living for you and all your dependents.
You will also need to rent or buy property in the country.
2. Malta Pension Scheme
With good weather all year round and a high standard of living, Malta is a great place to retire.
The country has a special scheme called the Malta Pension Scheme, which is slightly different from the other options on this list. You need to own a property in Malta worth at least €220,000 or rent an apartment worth €8,750 per year. Please note that these sizes may vary depending on your chosen region. Applicants are required to have health insurance Malta.
If you decide to retire with your partner, you need to prove that you are in a stable relationship.
It also has some age requirements. If you were born on or after January 1, 1962, you must retire at age 65, and if you were born after that, you can retire at 61.
The visa must not be for a stay in any Schengen country other than Malta for a period of at least 90 days per year and no more than six months.
1. Portugal D7 visa
The D7 visa, or passive income visa, leads to retirement Portugal An option that appeals to non-EU internationals.
To qualify, you must have a monthly income of at least €705. It is based on the country’s current national wage. But this income can come from a variety of sources, such as pensions, rental properties, and investments.
You must also be able to prove residency and be able to live in Portugal for at least 16 months during your first two years.
The D7 visa has a lower application fee than many other temporary resident visas, and the application process usually takes about six months.
D7 visa holders also enjoy the same benefits health services Beneficial for Portuguese residents and citizens.