Portugal rolls out red carpet to foreign pensioners
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Portugal has a plan to get its battered economy back on the straight and narrow: encouraging pensioners from across Europe to move in. Those who have worked in the private sector prior to taking retirement can buy a home in Portugal and take advantage of a rule exempting them from income tax for ten years. It's certainly an attractive option - the only catch is that new arrivals must spend at least six months a year in the sun-drenched country.