An IMGW News Report
If you’re planning to retire in Europe, one of your first considerations will be securing long-term residency. While some countries make this challenging for non-EU citizens, others offer accessible visa options tailored for retirees.
1. Portugal
Portugal is among the easiest and most affordable options for residency, with a low income requirement tied to the national minimum wage (€903 as of January 2025). The D7 visa, for those with passive income such as pensions or investments, is valid for two years and can be renewed indefinitely. After five years, you may apply for permanent residency or citizenship.
Portugal also offers a Golden Visa for investments in approved sectors, though it’s less appealing since real estate was excluded in 2024.
2. Spain
Spain remains a popular retirement choice, with the Non-Lucrative Visa (NLV) offering a straightforward path to residency. To qualify, you’ll need to prove a monthly income of €2,400 plus €600 for each dependent. The NLV is valid for one year and renewable for up to four more.
3. Greece
Greece provides the Financially Independent Person (FIP) visa, requiring a monthly income of €3,500. The visa is valid for two years and renewable, with permanent residency available after five years. Greece also offers a Golden Visa for property investments starting at €400,000.
4. Malta
Malta’s Ordinary Residence Scheme is based on net worth rather than income. Single applicants must show €14,000 in net assets, or €23,000 for couples. Residency requires spending at least 183 days annually in Malta, making you a tax resident. Permanent residency can be applied for after five years.
5. Montenegro
Montenegro’s property-based residency option has no minimum purchase price. You can secure a renewable one-year visa and apply for permanent residency after five years.
6. Cyprus
In Northern Cyprus, property ownership of any value grants automatic residency. In Southern Cyprus, the Category F visa requires opening a bank account, depositing €9,000, and proving a modest income.
7. Ireland
Ireland offers a straightforward but expensive residency process. Applicants must show an annual income of €50,000 per person, along with a substantial lump sum for potential expenses. For those with Irish ancestry, citizenship is also an option.
A More Accessible Retirement
Europe offers diverse opportunities for retirees, from affordable income-based visas to property investment options, making long-term residency more achievable than you might think.
