Home To A Colonial Gem

While most of Guatemala is still for only the most adventuresome of overseas retirees, there are a few places where you could consider settling down. 

Our top choice for living in Guatemala is Antigua, an overlooked colonial city in the heart of Central America with plenty to offer the would-be retiree. Real estate is affordable, the people are friendly, the climate is perfect with little to no humidity, overseas income is free of local tax, and you can live a very good lifestyle for less than US$1,400 a month, including regular entertainment eating out, and a furnished rental at US$800 monthly.

In fact, though, you could live in Antigua on much less…you could rent small and basic in this town for as little as US$250 a month. That'd make your total monthly budget but US$950. Own your own place, and you can do away with rent altogether…meaning you could enjoy life in this beautiful colonial city for as little as US$700 a month. 

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Population  13,824,463 (July 2011 est.)
Gross Domestic  Product (GDP) $70.15 billion (2010 est.)
GDP Per Capita $5,200 (2010 est.)
Inflation Rate 3.9% (2010 est.)
Currency Quetzal 
Exchange Rate Versus U.S. Dollar  7.78 quetzales (GTQ) per US dollar -
Language Spanish (official) 60%, Amerindian languages 40% note note: there are 23 officially recognized Amerindian languages, including Quiche, Cakchiquel, Kekchi, Mam, Garifuna, and Xinca
Capital Guatemala City
Population of Capital City 1.075 million (2009)
Time Zone GMT -6 hours
Seasons Summer (march-april) and Rainy season  (may-oct), Winter (Nov-feb), The weather in Guatemala City is also very windy; this may decrease the apparent temperature even more. Hottest month is April.
International Dialing Code 502
Electricity 110/220 V  
System of Government constitutional democratic republic
Name and Party Affiliation of Current Leader President Gral. Otto Perez Molina (since 14 January 2012)
Income Tax Rate for Residents 15%-31%
Property Tax Progressive rates up to 0.9%
Capital Gains Tax  Capital gains earned by nonresidents are subject to a flat 31%
Inheritance Tax  Inheritance and gift taxes are levied at progressive rates, from 1% to 25%.
Rental Income Tax  Inheritance and gift taxes are levied at progressive rates, from 1% to 25%.
Transfer Tax 12% (IVA) of the value of the property
Sales Tax 12%
Restrictions on Foreign Ownership of Property No
Local Chamber of Commerce http://www.negociosenguatemala.com/
American Chamber of Commerce http://www.amchamguate.com/
Primary Exports coffee, sugar, petroleum, apparel, bananas, fruits and vegetables, cardamom
Residency and Visa Requirements Not all foreigners need visas to enter the country North American and European citizens need only their valid passport, and will be granted 90 days permission in the country. 
Special Benefits for  Foreign Residents or Retirees Retirement program
National Airline www.taca.com

 

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