World's Eight Most Retiree-Friendly Nations
Sept. 7, 2014, Panama City, Panama: Retiree residency options and details from eight overseas destinations.
Dear Live and Invest Overseas Reader,
Our Retire Overseas Conference in Nashville last week was built around a series of seven workshops, one for each of the critical questions the would-be retiree overseas must address...including residency.
Before you spend a lot of time and money conceiving a plan for a new life overseas, take a close look at the options for establishing residency in each country on your list. Understanding the various visa options available to you is an important part of making your ultimate where-to-retire-overseas decision.
Some countries make it difficult for foreigners, including or even especially retirees, to take uecuasidence (New Zealand and Australia, for example). Other countries, on the other hand, roll out the welcome mat, offering many, even turn-key retiree residency options that come with discounts, tax breaks, and other perks and benefits for those who qualify.
Belize, Ecuador, Nicaragua, and Panama all offer well-publicized retiree residency programs known as pensionado visas. These are all similar but vary in the minimum monthly incomes required to qualify, as well as the particulars of the tax and other discounts. Coming from behind with a relatively new program, Nicaragua beats out all the competition with the most affordable minimum monthly income requirement by far. And this program, like those in Ecuador and Panama, can mean savings on everything from in-country travel to dining out for those who qualify.