What are the best spots for retirement around the world, you may wonder? This greatly depends on your personal preferences. However, there are many opportunities to explore different cultures and lands during that time of our lives.
Whether it’s an English-speaking realm, an affordable lifestyle or breath-taking scenery you are looking for, there is somewhere out there for everyone!
EcuadorPanamaMalaysiaCosta RicaBelizeVietnamMexicoThailandCanadaPortugalWho can help me move overseas?
Living and retiring abroad can enable you to enjoy a more tranquil and uplifting retirement than you may expect to experience in your home country (provided you choose the right location, of course!).
We have put together a list of some amazing locations around the globe that all offer their own unique lifestyle choices and standards of living. Check them out below and see which one suits you best!
Ecuador
One of the cheapest countries to retire in – Ecuador offers a chance to live at relatively reasonable prices for rent and other general expenses.
You can even buy a condo or a house near the ocean to enjoy the local views, and it could cost you much less than it would in most western countries.
Making your move as easy as you can import most of your household goods with a duty-free pass, thanks to a simpler visa process.
This, combined with its lovely climate, jungles, beaches and proximity to the Andes, makes Ecuador one of the most sought-after destinations for retirement in the world.
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Panama
This country will provide you with all of the amenities of a large city – great healthcare, local cuisine and activities you can enjoy on a daily basis.
An average western middle-class salary will translate into a good life here. You can eat out on a regular basis and enjoy social activities. You can even have housekeeping come to look after the cleaning for you!
You will experience many interesting things in Panama, ranging from its rich rainforest to the abundant beaches and secluded locations.
Malaysia
Malaysia is located on the other side of the world from Panama, yet reminiscent of it in many ways as a destination. The country has much to offer, especially for those interested in ancient cultures.
It serves as a major hub for trade, business and tourism, having its own unique mix of ethnicity and cultures which create a truly different experience.
The main difference in living in Malaysia is that you will have a chance to enjoy a life of luxury compared to most western countries.
The weather there has a tropical flair to it. Expect to find roughly 27 degrees Celsius all year round.
You can explore beaches, jungles, islands and much more. The amazing local cuisine, malls and movie theatres will allow you to enjoy life like no other.
Costa Rica
Located North West of Panama, Costa Rica is home to beautiful natural attractions like sandy beaches, forests, volcanoes and waterfalls.
The weather attracts thousands of tourists each year, with mild conditions in certain regions like San Jose, and red-hot sun in areas like Guanacaste.
For animal lovers, the national parks located across the country are home to some exotic creatures from monkeys and vultures to iguanas and sloths. There are activities to suit a range of interests like golf, fishing, yoga, bird watching and more.
The cost of living in Costa Rica is lower compared to most Western countries. This enables you to live comfortably on a moderate-sized pension.
With the combination of warm weather, organic foods and physical activities, Costa Rica provides retirees with the opportunity to live their retirement years to the fullest.
Belize
Located along the North-Eastern Coast of Central America, Belize boasts a wonderful climate where the sun shines throughout the year.
It’s an English speaking country with huge mountains, show-stopping sunsets, and incredible sea life.
Although the cost of living in Belize is higher than in some of its neighbouring countries, if you plan your spending and get to know the local farmers and suppliers, you can easily keep your expenses low and maintain a good standard of living.
Belize offers a residency program – the Qualified Retired Persons Program. This allows those who qualify to live permanently in Belize with a QRP resident card instead of a visa.
Qualified retirees are given tax exemptions on all income derived outside of Belize. Retirees can also import their household or personal goods without paying any import duties, making your move to Belize painless.
Vietnam
A beautiful and tranquil country, it is no surprise Vietnam is such a popular retirement destination. The welcoming and friendly energy of the locals attracts many to this majestic land.
With a climate combined with sunshine, rain and the occasional snowfall on the mountains, the country possesses spectacular views.
The cost of living is low compared with western countries. It is one of the best places to retire in Asia, especially if you seek an affordable lifestyle.
If you are on a budget, you can maintain a good standard of living and if not, you will be living in luxury for less than you would in Western countries!
Exploring this destination fills the soul with inner peace with its fetching scenery and fascinating culture.
If you are considering Vietnam an appropriate choice for you to retire to, but are not completely sure yet, the best way to find out is to visit the country on a holiday. It allows you to get a closer look at the culture, way of living and get an overall impression on any country you are interested in.
One of the most important things you should focus on while planning your trip to Vietnam is applying for a visa. The processing may vary sometimes and it’s best to make sure your Vietnam visa is issued on time before you travel.
Mexico
A very popular destination for retirees, in particular those from the United States. Its close proximity to the US is convenient, especially for those who wish to retire to Mexico on a part-time basis.
The vibrant culture is what attracts many, the singing, dancing, tasty food and traditions are to be enjoyed by all.
You can gain residency in Mexico with ease as the process is online and is usually complete within a few months.
Many retire to Mexico to avail of its excellent healthcare system – INSABI. Citizens, temporary and permanent residents alike can all access free healthcare.
Thailand
A very popular retirement destination, Thailand offers a low cost of living, a rich culture and a warm climate.
Your retirement savings can be stretched further in Thailand as it is much more affordable than most Western countries. Like most destinations, if you live like a tourist you are likely to pay more than if you embrace the Thai culture and lifestyle.
If you are looking for a slow-paced retirement, there are plenty of beautiful beaches and calming spas to relax at. For those who are more active, there are many activities to enjoy, including hikes and trips to historic temples.
Moving to another country is overall a big decision to make. Therefore, we suggest that you first visit the given country before you make your final choice. You can visit Thailand for up to 60 days with a Thai tourist visa.
If you believe Thailand is the place for you, apply for your Thai tourist visa to experience what the country is like.
Canada
Well known for its state of the art healthcare system, Canada is a wise choice when it comes to retirement. Once you gain residency in Canada you are entitled to free medical care.
As Canada is such a large country, the cost of living varies from place to place. In terms of housing, regions outside of popular spots like Toronto and Vancouver are more affordable.
One such option is Victoria BC, for many reasons including the mild weather, breath-taking coastline and landscapes. It is a laid back city with plenty of amenities to enjoy.
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Looking for a friendly atmosphere? Look no further, Canadians are very welcoming and accepting of newcomers. In fact, there is a broad-way musical “Come from Away” which illustrates this clearly.
If you want to see what the Canadian way of life is like, then start planning your next vacation to Canada! Make sure you apply for your Canadian visa on time and enjoy your trip!
Portugal
A warm climate, high quality of life and reduced tax options are merely a few of the reasons why many choose Portugal to spend their golden years.
A healthy and happy lifestyle is readily available here with lots of vitamin D, fresh seafood and activities to be enjoyed.
The process for gaining residency depends on your country of origin but is relatively simple and easier than in other EU countries. It is a particularly simple process for EU and US citizens.
The National Health Service provides free healthcare for Portuguese citizens which is also available to EU citizens once they gain residency and US citizens after five years.
A low cost of living can be enjoyed in Portugal and there are attractive tax options for retirees.
Non-habitual residence status exempts those who have not paid tax in Portugal in the previous five years from paying income tax for the next 10 years.
This includes the tax on income from rent, employment, capital gains and pensions.
Who can help me move overseas?
Visa First are a leading provider of visa and immigration services. We offer a range of visas and travel documentation for our customers.
We process short-stay tourist and business visas, employment permits and working holiday visas for many countries across the globe.
If you are planning a trip abroad to check out some of the popular retirement destinations, simply contact our team to find out how we can help you to apply for your visa.
Why choose Visa First?
We take the pain out of visa applications.
We have over many years’ of experience in the visa and immigration industry.
Upfront pricing means no hidden fees or costs.
Your dedicated account manager will offer comprehensive solutions to your queries.
Prompt responses to your queries.
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