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      Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

      • Spain
      • Portugal
      • Panama
      • Belize
      • Colombia
      • Cyprus
      • Mexico
      • France
      • Montenegro
      • Browse All Countries

      Best For:

      • The Best Places To Retire
      • Health Care Abroad
      • Cost Of Living
      • Investing in Real Estate
      • Establishing Residency
      • Gun Laws In The World
      • English-Speaking Countries
      • Safest Places For Retirement
      • Best Places In Latin America
    • Budgets

      How Much Will It Cost You To Live Overseas?

      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
    • Resources

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      • Home
      • Countries

        Top Destinations:

        Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

        • Spain
        • Portugal
        • Panama
        • Belize
        • Colombia
        • Cyprus
        • Mexico
        • France
        • Montenegro
        • Browse All Countries

        Best For:

        • The Best Places To Retire
        • Health Care Abroad
        • Cost Of Living
        • Investing in Real Estate
        • Establishing Residency
        • Gun Laws In The World
        • English-Speaking Countries
        • Safest Places For Retirement
        • Best Places In Latin America
      • Budgets

        How Much Will It Cost You To Live Overseas?

        The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

        Super Cheap

        • Chitré, Panama
        • Santa Marta, Colombia
        • Phuket, Thailand
        • Dumaguete, The Philippines

        Cheap

        • Medellin, Colombia
        • Boquete, Panama
        • Kyrenia, Cyprus
        • Hua Hin, Thailand
        • The Algarve, Portugal

        Affordable

        • Valencia, Spain
        • Cascais, Portugal
        • Las Terrenas, The DR
        • Pisa, Italy
        • La Rochelle, France
        • Mazatlán, Mexico

        Luxury

        • Ambergris Caye, Belize
        • Kotor, Montenegro
        • The Panama City Beaches
        • Paris, France
      • Resources

        Global Living

        • Living & Retiring Overseas
        • Raising A Family Abroad
        • Foreign Residency & Citizenship
        • Offshore & Diversification

        Making Money

        • International Real Estate
        • Banking
        • Employment
        • Investing

        Follow Us:

        • Meet Our Experts
      • Real Estate

        Join our Weekly Newsletter
        Overseas Property Alert

        Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






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          PANAMA CITY, PANAMA

          June 18-20, 2025

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          Valencia, Spain

          Sep. 17-19, 2025

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          Home Countries Colombia

          The 6 Best Countries To Get A Residency In 2021

          World's 6 Best Residency Options For 2021

          by Lief Simon
          Sep 18, 2020
          in Colombia, Dominican Republic, Ecuador, Offshore, Panama, Portugal, Residency
          0 0
          Second residency, passports

          iStock/Rawf8

          When establishing a Plan B or backup residency, most people look for the easiest option… but “easiest” isn’t a one-size-fits-all concept.

          This debate came up during a conference call with my editorial team earlier this year. We realized that we’d used the term “world’s easiest residency” in two different articles, one referencing Colombia, the other Panama.

          In fact, both things are true. Panama is the easiest place to qualify for residency… but Colombia’s process is easier, meaning its visa is easier to acquire once you’ve qualified.

          And those aren’t the only ways one residency can be “easier” than another. You also want to consider how difficult the residency, once obtained, is to maintain. As well, there are different kinds of residency programs—those intended specifically for retirees, for example, and those you qualify for through investment. Some of these are “easier” than others, of course.

          Here’s how I’d rate your best options across categories right now…

          Panama—Easiest Residency To Qualify For

          Panama is the easiest backup residency from the perspective of qualifying for residency. If you’re from one of 50 countries, then you qualify for residency in Panama under the Specific Countries residency program or what is commonly called the Friendly Nations residency visa. It doesn’t get any easier to qualify for residency than by simply carrying a passport from a country that Panama deems worthy.

          Colombia—Easiest Residency Process

          While qualifying for residency in Colombia is easy, it’s not as simple as being a citizen of certain countries. Where Colombia shines, though, is its process. It’s straightforward, transparent, and doesn’t require a background check from your current country of residence. All requirements are clearly spelled out on the immigration website, and the requirements aren’t open to interpretation at the point when you interact with the individual immigration agents… as can be the case elsewhere in the world (Mexico, for example).

          Dominican Republic—Easiest Residency To Maintain

          The Dominican Republic has what is probably the easiest residency permit to maintain. It comes with no time-in-country requirement. Once you’ve obtained permanent residency, you keep it simply by renewing your residency card every four years. If you’re not in the country to renew your card, you don’t lose your residency, you simply pay a penalty for every month you’re late in renewing. The nominal monthly penalties can add up over time if you go too long, but, as a backup residency, this can be your best option.

          Nicaragua—Easiest Pensionado Program To Qualify For

          The minimum income requirement to qualify for Nicaragua’s pensionado program is just US$600 per month. As the average monthly Social Security payment is more than US$1,400, most anyone receiving Social Security is in. If you don’t yet qualify for Social Security, you can obtain rentista residency in Nicaragua by showing as little as US$750 per month of stable permanent income (from a rental property, interest from a CD, or dividends from stocks, for example).

          Ecuador—Easiest Through Investment

          Ecuador offers the world’s easiest residency-through-investment option. You simply have to invest 70 times the minimum monthly salary in a bank CD for 2 years (730 days). That amounts to US$28,000. Or you can invest in real estate at 80 times minimum monthly salary, or US$32,000. You can also invest in a private company (can be your own company); the minimum investment requirement is 100 times the minimum monthly salary, or US$40,000 right now.

          Portugal—Easiest In Europe

          Right now, I’d call Portugal the easiest residency option in Europe. You can qualify simply by showing sufficient means. The specific amount isn’t stipulated and is at the discretion of the immigration agent handling the case; however, our attorney in Lisbon says that 1,200 euros a month is sufficient. Any provable passive income qualifies.

          Lief Simon
          Editor, Offshore Living Letter

          Tags: 'Colombia''Dominican Republic''Ecuador''Nicaragua''residency''retirement'PanamaPortugalvisa
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          Lief Simon

          Lief Simon

          Lief Simon has lived and worked in 7 countries on 5 continents and traveled to more than 75 countries. His real estate investment career began with a $5,000 down payment on a three-flat building in Chicago. Less than three years later, Lief sold the building for a leveraged return of 3,000%—$150,000 in profit after closing costs and commissions.

          From there, he turned his attention overseas and has bought property in 24 countries including France, Croatia, Portugal, Ireland, Belize, Spain, Argentina, Cyprus, Romania, and beyond. Thanks to his decades-long career as a global property investor, Lief has built a multi-million-dollar portfolio that includes rental properties, significant land holdings, and 7 personal residences.

          Lief has established residency in 3 countries and acquired a second passport from Ireland.

          In 2008 Lief and wife Kathleen Peddicord made the most important investment of their lives—a 215-acre oceanside finca, known as Los Islotes. There, on Panama’s largely undiscovered Veraguas coast, they’ve installed underground electricity, water, and internet and built a forever family home that sits at the heart of their ultimate vision: a gold standard private residential community for those in search of a true safe haven escape.

          Lief’s latest book, “Cowboy Millionaire—The New American Pioneer,” collects all the wisdom he has learned in three decades of living and investing outside America.

          He offers advice on international diversification in his twice-weekly Offshore Living Letter and monthly Simon Letter dispatches. For real estate investment opportunities, check out his monthly Global Property Advisor service.

          If you’d like to meet Lief in person, join him for one of our upcoming in-country conferences. You’ll find further details here.

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                We Value Your Privacy! We will not share your email address with anyone else, period.
                HOME

                Top Countries

                • Spain
                • Portugal
                • Panama
                • Belize
                • Colombia
                • Cyprus
                • Mexico
                • France
                • Montenegro

                Best For:

                • Health Care Abroad
                • Retirement Living
                • Cost Of Living
                • Investing in Real Estate
                • Establishing Residency
                • Gun Ownership
                • English Speakers
                • Safety
                BROWSE ALL COUNTRIES

                Budgets

                How Much Will It Cost
                To Live Overseas?

                Super Cheap

                • Chitré, Panama
                • Santa Marta, Colombia
                • Phuket, Thailand
                • Dumaguete, The Philippines

                Cheap

                • Medellin, Colombia
                • Boquete, Panama
                • Kyrenia, Cyprus
                • Hua Hin, Thailand
                • The Algarve, Portugal

                Affordable

                • Valencia, Spain
                • Cascais, Portugal
                • Las Terrenas, The DR
                • Pisa, Italy
                • La Rochelle, France
                • Mazatlán, Mexico

                Luxury

                • Ambergris Caye, Belize
                • Kotor, Montenegro
                • The Panama City Beaches
                • Paris, France

                Resources

                Global Living

                • Living & Retiring Overseas
                • Raising A Family Abroad
                • Foreign Residency & Citizenship
                • Offshore & Diversification

                Making Money

                • International Real Estate
                • Banking
                • Employment
                • Investing
                Meet Our Experts

                Real Estate

                Overseas Property Alert 

                 

                How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

                VISIT SITE

                Buying Real Estate For Cashflow

                 

                Discover tips and strategies used by global property investing veterans

                READ MORE

                Explore Our Latest Posts

                 

                Learn how to invest and purchase property abroad…

                EXPLORE

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                Valencia, Spain Sep. 17-19, 2025
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                PRE-REGISTER
                MORE EVENTS

                Contact Our Events Team:

                Toll-Free U.S. and Canada:
                1 (888) 627 8834

                From Outside North America:
                1 (443) 599 1221

                Working Hours
                Monday – Friday 08:00 am – 17:00 pm EST.

                Reach us with your questions by email at: events@liveandinvestoverseas.com

                Store

                Overseas Havens Reports

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                • Hours of coverage  from our latests conferences

                Lahardan Books

                • Titles on living and investing around the world

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                THE 10 BEST PLACES TO RETIRE IN 2025

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