​​European retirement visas offer non-EU nationals the opportunity to spend their retirement years in one of the continent's most diverse and culturally rich countries.

These visas are designed for retirees who can prove they have sufficient funds to support themselves without needing to work or rely on public funds.

If you've always dreamed of a relaxed European retirement, look no further.

Let’s go explore…

*Disclaimer: All amounts quoted in this article were correct and accurate at the time of publication and may have shifted since.

10 European Countries With Retirement Visas

There are various European countries that offer retirement solutions.

To ease your quest, we’ve compiled the 10 most popular options. 

They are:

Albania: Residence Permit

Albania is becoming a popular retirement destination for its low cost of living, beautiful beaches, and mild climate.

The country offers a residence permit for retirees.

Belgium: Residence Permit

Belgium offers a residence visa for retirees under certain conditions and is known for its rich culture, excellent cuisine, and high quality of life.

Bulgaria: Long-Term Residence Visa

Bulgaria attracts retirees with its affordable living costs, beautiful landscapes, and cultural heritage.

The country offers a long-term residency visa for retirees.

Denmark: Residence Permit

Denmark, known for its high standard of living and efficient public services, offers a retirement visa for those who can financially support themselves during their stay.

Ireland: Long-Stay D Visa

Ireland offers a retirement long-stay D visa for non-EU nationals with a substantial annual income.¹

The country is known for its friendly locals, stunning landscapes, and cultural richness.

Italy: Elective Residence Visa

Italy offers the Elective Residence Visa for retirees who can prove they have a high, steady income.

The country is popular for its rich history, culture, cuisine, and diverse landscapes.

Latvia: Temporary Residence Permit

Latvia offers a temporary residence permit for retirees with sufficient funds.

The country is appealing for its natural beauty and historic cities.

Malta: Malta Retirement Programme

Malta attracts retirees with its Mediterranean climate, English-speaking population, and high standard of healthcare.

Malta offers the Malta Retirement Programme (MRP), which is specifically designed for EU, EEA, or Swiss nationals.²

Non-EU nationals can look into the Residence Programme or other types of residence visas that allow for long-term stays.

Portugal: D7 Visa

Portugal is a favorite among retirees for its warm climate, affordable cost of living, and friendly communities.

The country offers a retirement visa as part of its D7 visa program.

Switzerland: Residence Permits for Retired Foreign Nationals

Switzerland offers a retirement visa for wealthy individuals who can significantly contribute to the local economy.³

It's known for its high quality of life, excellent healthcare, and stunning scenery.

European Retirement Visas: An Overview

Europe is a popular retirement destination due to its high quality of life, excellent healthcare systems, and varied living experiences—from the sunny Mediterranean coasts to the historic cities and tranquil countryside.

Our experts did intensive research to find all the information you need to know.

Here’s what we’ve found:

Duration

The duration of a retirement visa in Europe varies by country but generally ranges from 1 to 5 years, with the possibility of renewal.

Some countries offer long-term options or even permanent residency under certain conditions after a set period.

Importance of Retirement Visas for Migrants

Retirement visas are crucial for migrants as they provide a legal pathway to live in a new country during their retirement years.

These visas allow retirees to enjoy the benefits of living abroad, such as a better climate, a lower cost of living, and access to high-quality healthcare and leisure activities while contributing to the local economy.

Eligibility Criteria

Just like any other visa, there are also certain criteria to secure eligibility for European retirement visas. 

To be eligible for a European retirement visa, you must:

• be of retirement age as set forth by the issuing nation.
• have sufficient financial resources to support themselves (and dependents, if applicable) without working.
• hold comprehensive health insurance coverage.
• have a clean criminal record and be of good character.

Rules & Regulations

Each country has its own set of rules and regulations governing retirement visas, including how long you can stay, tax implications, access to healthcare, and the ability to travel in and out of the country.

It's essential to understand these fully before applying.

Costs & Fees

The cost of applying for a retirement visa can vary significantly between countries, including application fees, health checks, and legal fees.

Additionally, applicants should consider the cost of living in the chosen country and potential tax liabilities.

Here’s a breakdown:

• Albania: The cost of applying for a residence permit in Albania is relatively low, with application fees of around a few hundred euros. However, proof of sufficient financial means is required.
• Belgium: Belgium's visa for retirees would require providing sufficient means of subsistence, with application fees and costs for health insurance varying depending on the specific circumstances.
• Bulgaria: The long-term residence visa application fee in Bulgaria is relatively modest, around €100–200. However, applicants must also demonstrate financial sufficiency and cover health insurance costs.
• Denmark: Denmark’s visa application fees and proof of financial means are required, with costs varying.
• Ireland: The Irish visa application fee for a long-stay (D visa) can be around €60 for a single entry and €100 for multiple entries. However, additional costs for financial proof, health insurance, and legal fees can apply.
• Italy: The Elective Residence Visa fee is around €116, with additional costs for income proof, health insurance, and possibly legal assistance.
• Latvia: For Latvia, the temporary residence permit application fee is around €100–150. Applicants must also prove financial means and have comprehensive health insurance.
• Malta: The Malta Retirement Programme requires an annual tax payment of €7,500 and a €2,500 application fee. Applicants must also meet income and property rental or purchase requirements.
• Portugal: The D7 visa in Portugal, often used by retirees, has an application fee of about €83 for the visa and €72 for the residence permit, plus proof of income and health insurance.
• Switzerland: Switzerland's retirement visa, aimed at wealthy retirees, involves providing substantial financial investment in the country. The exact costs vary widely, including cantonal fees and mandatory health insurance, potentially running into thousands of Swiss Francs annually.

Rights & Benefits

Retiring in Europe holds many exciting and wonderful rights and benefits.

Let’s take a look.

Retiring & Living in the Schengen Region

Now, what would your life look like in Europe?

Here’s what you can expect:

• Wonderful retirement destinations: Europe offers a plethora of destinations for retirees, ranging from the sunny Mediterranean coasts of Italy to the historic cities of Portugal. Each country has its own unique charm, offering a blend of cultural experiences, climates, and lifestyles. 
• Community and social life: Europe is known for its rich community life and social opportunities for retirees. Many regions have active expat communities that organize social events, cultural outings, and language exchange programs, making it easier for retirees to integrate and find a sense of belonging.
• Access to services and amenities: Retirees in Europe benefit from access to high-quality healthcare services, public transportation, and a wide range of amenities, including shopping centers, restaurants, and recreational facilities. Many countries offer discounts for seniors on public services, cultural events, and transportation.

Family Arrangements

Family reunification policies vary across European countries, but generally, retirees can apply to bring their spouse and dependent family members to live with them.

The process and requirements differ from country to country, but providing sufficient financial resources to support family members is a common requirement.

Pathways to Permanent Residency

Many European countries offer pathways to permanent residency for retirees who have lived in the country for a certain period, typically 5 years.

Meeting the integration requirements, such as language proficiency and knowledge of society, and maintaining a stable income are essential criteria for obtaining permanent residency.

Challenges

We’re here to tell you the good and the bad, so now it’s time to mention the possible challenges you might face.

Here’s what you should know:

Denials

Visa denials in Europe can occur for various reasons, including insufficient proof of income, a lack of comprehensive health insurance, or failure to meet the age and eligibility criteria.

It's crucial to thoroughly understand the requirements and provide complete and accurate documentation when applying.

Delays

Application processing times in Europe can vary significantly, leading to delays.

Factors contributing to delays include incomplete applications, a high volume of applications, and the need for additional documentation.

We advise that you apply well in advance and ensure their application is complete to minimize delays.

Maintaining Your Visa Status

Maintaining visa status requires adherence to the conditions of the visa, such as not engaging in unauthorized work, maintaining sufficient financial means, and not overstaying the visa duration.

Failure to comply with these conditions can result in the revocation of the visa and deportation.

Financial Implications

Our experts have compiled a list for you to prepare for all the financial implications retirement holds.

Here’s what you should plan for:

• Cost of living: The cost of living can vary widely across Europe, with countries like Switzerland and Norway being on the higher end, while Portugal and Spain offer more affordable options. Researching and planning according to one's budget are essential.
• Taxation for retirees: Retirees may be subject to taxation on their global income, depending on the country's tax laws where they choose to retire. Some countries have double taxation agreements with other nations to prevent paying taxes twice on the same income.
• Access to Australian superannuation: For Australian retirees looking to move to the Schengen Area, accessing their superannuation can be subject to specific rules and tax implications. It's advisable to consult with a financial advisor to understand how moving abroad affects superannuation access and taxation.

Common Questions

In Conclusion

Retiring in a European country with a retirement visa presents a unique opportunity for retirees to enjoy their golden years in some of the world's most culturally rich, scenic, and welcoming communities.

From the sun-drenched Mediterranean coastlines to the serene countryside and vibrant cities, Europe offers various destinations to suit various lifestyles, preferences, and budgets.

The rights and benefits to retirees, including access to high-quality healthcare and social services, and the ease of travel within the European Zone, make it an attractive option for many.

If you’re wondering about other countries’ options for retirees, read our other expert articles.

Learn More: Retirement Visas