The Brazilian Social Security has recently announced that it is now paying 7,527 retirees and pensioners of the National Institute of Social Security (INSS) residing in Portugal. This number reflects a growing trend of Brazilian retirees choosing to settle in the European nation, driven by various factors including quality of life and family connections.
The trend of Brazilian retirees moving to Portugal has been on the rise. Between 2020 and 2024, the number of INSS beneficiaries who have settled in Portugal increased significantly. This migration is attributed to various appealing factors, including a safer environment and the opportunity to be closer to family members who have already emigrated.
The financial aspect of this migration is significant. The average monthly payment received by these retirees is around R$ 12.2 million, which contributes positively to the Portuguese economy. The INSS has established a direct payment system in Portugal through a contracted financial institution, ensuring that retirees receive their benefits without complications.
Many Brazilian retirees have also taken steps to obtain Portuguese citizenship, often through family ties or by residing in Portugal for five years. This has allowed them to enjoy additional rights and benefits within the country. Since 2010, over 400,000 Brazilians have acquired dual nationality, further solidifying their connection to Portugal.
