Retirement in Portugal or Switzerland?

You deserve peace and an excellent standard of living. Here’s how to choose between spending your retirement in Portugal or Switzerland!

Article by Viv Europe - Official Legal and Relocation Partner to KipperTree

30 09 2023

Read the full article here. 

Picture sun-drenched shores, charming cobblestone streets, and a relaxed Mediterranean lifestyle. As you approach your golden years, the allure of retiring abroad becomes irresistible. But two enticing destinations stand out: retirement in Portugal or Switzerland. Which one holds the key to your ideal retirement lifestyle?

Whether you’re seeking warm climates, rich cultural experiences, or a thriving expat community, these two European gems promise to check all the boxes. With its mesmerizing coastlines, historic cities, and affordable living, Portugal beckons to those searching for a tranquil retirement. 

Meanwhile, Switzerland flaunts breathtaking landscapes and a world-famous healthcare system. So, grab a cup of coffee, and let’s embark on a journey that will ignite your imagination and help you make an informed choice for your post-work paradise. Good luck! 

Retirement in Portugal or Switzerland? Why ex-pats choose them

Let’s start by answering why people prefer to spend their retirement in Portugal or Switzerland. These two destinations have captivated expats from around the globe, each offering its unique blend of charm and amenities.

Portugal’s landscapes, rich history, and warm Mediterranean climate have made it a magnet for retirees. People love to bask in the sun-drenched shores of the Algarve or immerse themselves in the vibrant culture of Lisbon.

But Switzerland has its own charm with pristine landscapes, world-class healthcare, and safety. The country also has a more central location in Europe, making it more attractive for those who wish to travel frequently. 

Let’s compare both countries step-by-step! 

Similarities between the countries

Both countries have a boastful quality of life to offer. Portugal and Switzerland are equal when it comes to healthcare and safety. They guarantee excellent public services to ensure retirees peace of mind. Although Portugal offers healthcare at a relatively lower cost, the latter is globally renowned for its top-notch quality. 

You’ll also find rich cultural traditions, festivals, and a welcoming attitude towards expats. You can immerse yourself in local culture and make meaningful connections in either destination, which could light up your golden years.

So, whether you’re drawn to Portugal’s laid-back lifestyle or Switzerland’s beauty, you’ll find a quality lifestyle and a tapestry of experiences awaiting you. The choice is yours to make; let’s help you through it!

Portugal vs. Switzerland for Expats

Portugal allows expats to enjoy a high standard of living at an affordable cost. The country offers a range of housing options, from charming coastal towns to historic cities like Lisbon and Porto. And you’re surrounded by amenities that you’d need for a good life: transport, healthcare, security, access to education, and leisure.

Expats in Switzerland get a chance to experience world-class healthcare and stunning natural beauty. Plus, the country’s efficient public services and high standard of living create a comfortable retirement haven.

Both countries provide expat-friendly environments, making connecting with fellow retirees and building a supportive community easy. 

Can you see why it’s so hard to pick one between the two? 

One key difference between the two is that Portugal offers a specific Passive Income Visa for retirees, while Switzerland does not. However, it does offer competitive tax incentives, similar to Portugal’s NHR Tax Regime. 

Keep reading to learn more about spending your retirement in Portugal or Switzerland! 

About living retired in Portugal

The country has more than just beaches and a pleasant climate. Portugal’s cost of living is lower than many Western European countries, including Switzerland, which makes it economical enough for you to enjoy your retirement within your financial means.

As an expat, you’ll find many delightful options to live in. The Algarve is a popular choice, with its picturesque Lagos and Albufeira coastal towns. The area provides a relaxed and sunny ambiance with lots of recreational activities to engage in. 

And then you have Cascais, near Lisbon, which offers a mix of stunning beaches and proximity to the vibrant capital. Cascais is known to be a popular luxury destination, famous for affluent expats who are looking for luxury and comfort.

The warm and friendly locals, delicious cuisine, and rich culture add to Portugal’s allure. Additionally, since 2022, public healthcare has been free for all legal residents, and the quality of healthcare is up to European standards. 

One main reason for Portugal’s popularity is that you find modern amenities and vibrant expat communities that make you feel at home. 

About living retired in Switzerland

Similar to Portugal, Switzerland also offers a charming experience. Zurich boasts impressive landscapes, a peaceful atmosphere, and an appealing “city” vibe. And expat retirees also love staying in Lutry on Lake Geneva, which is famous for its charming lakeside and mild climate. 

Switzerland has many options that offer a blend of urban amenities with a relaxed lakeside ambiance. If Zurich isn’t what you’re aiming for, the country still has smaller cities and modern villages that are just as perfect for your retirement life.

The majority of these areas offer a quality lifestyle with renowned healthcare and other public services. So, regardless of whether you wish to live in the mountains or savour Swiss chocolate in a city cafe, retirement in Switzerland promises a comfortable and enriching experience.

Differences between the countries

Aside from the similarities, retirement in Portugal or Switzerland has some essential differences that you should consider. When we take the cost of living as a topic of debate, Portugal generally offers a more affordable lifestyle, with lower prices for accommodation, groceries, and dining out. Switzerland is more expensive in all regards.

As for taxes, Portugal’s Non-Habitual Resident Tax Regime provides significant tax benefits for retirees for up to 10 years! While Switzerland has a more complex structure for foreign residents. 

So, whether you’re chasing affordability in Portugal or seeking a tranquil life in Switzerland, we’ll have to compare the key differences first.

Click here to read about the key differences