Rosalind Evans
While many visa options target the younger digital wanderers, retirees have some top choices tailored just for them.
Who wouldn’t dream of sunny skies, a relaxed atmosphere, and quality living during retirement? Moving to a new nation, however, requires groundwork, especially when many visa options cater to the working-age demographic.
But fret not, retirees have ample options for European relocation. Here’s a roundup of the top European visas for retirees, based on the income prerequisites:
6. Italy’s Elective Residence Visa
Ideal for those who’ve always dreamed of an Italian retreat. The caveat? A minimum passive income of €31,000 annually. Working, even remotely for overseas firms, isn’t permitted. Initial validity? One year, renewable for four more. After five years, one can seek permanent residence. But brace for a thorough review, as application processing can stretch between 3-6 months.
5. Spain’s Non-lucrative Visa
Spain beckons retirees with this visa, albeit with a financial requirement of over €2,150 monthly or €25,816 annually. Remote work income won’t qualify. Also, applicants need health coverage comparable to Spain’s public healthcare. With an initial one-year stay, you can renew this visa by spending a minimum of 183 days in Spain. After five years, you’re eligible for a permanent residency permit, granting access to Spain’s public amenities.
4. Greece’s Financially Independent Residence Permit
Envision a Grecian sunset? Then this visa, requiring an annual passive income of €24,000 without engaging in local economic activities, might be for you. Additional income is needed for dependents. This two-year visa mandates a rental agreement and private medical cover. To maintain the residency, you should be in Greece for half the year.
3. Cyprus’s Category F Visa
Dreaming of Cyprus beaches? This visa, with a friendly requirement of €9,568 annually, might be your ticket. Ensure you can live comfortably and secure a residence in Cyprus.
2. Maltese Retirement Programme
Blessed with year-round sunshine, Malta is enticing for retirees. Distinctively, this visa insists on owning/renting property of specific values and securing local health insurance. Age and duration specifics apply, ensuring you’re primarily stationed in Malta.
1. Portugal’s D7 Visa
Portugal’s passive income visa, D7, has been a favorite. With a requirement of a monthly €705, based on Portugal’s wage norms, from varied legitimate sources, and a confirmed residence, this visa is quite welcoming. Spend 16 of your initial 24 months in Portugal and enjoy the country’s healthcare benefits.
In sum, retiring in Europe is more than just a dream—it’s a feasible, exciting plan with the right visa!
Europe, with its rich history, diverse cultures, and stunning landscapes, has always been a haven for travellers. For retirees, it promises not just a visit, but a prolonged, enriching experience. Navigating visa choices might initially seem complex, but with the right information and planning, you can find your ideal European haven to enjoy a serene, vibrant, and memorable retirement. So, explore, decide, and embark on your European retirement dream.
