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    • 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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        Home How to

        How To Retire Overseas 2025: Most Frequently Asked Questions

        23 Questions To Know The Answers To Before Retiring Overseas

        by Kathleen Peddicord
        Jan 07, 2025
        in How to, Retirement/Living
        0 0
        sunny beach with a hammock. How To Retire Overseas

        AdobeStock/Jenny Sturm

        The following questions about how to retire overseas, which we receive every day, are often preceded by, “I feel a little foolish asking, but I’m just not sure…”

        Don’t be shy. It doesn’t hurt to clarify.

        For example:

        1. If I move overseas, could I ever return home?

        Yes, of course. Living overseas, even full-time, even as a legal resident of another country, affects your ability to spend time in your home country not at all. You’re still an American (or British or Australian, etc.) citizen, after all. You can come and go as you please.

        2. Living overseas, would I lose my original citizenship?

        Again, no, your residency status abroad has no effect on your citizenship.

        Remember that residency and citizenship are two different things. If you’re a U.S. citizen, the only way to lose your U.S. citizenship is to renounce it formally. This is a serious step that you can’t take accidentally.

        In other words, there’s no chance you’d lose your U.S. citizenship without realizing it. Renouncing it requires a formal application and at least one interview at a U.S. consulate abroad. Once your application to renounce your citizenship has been approved, you then must appear again before federal authorities to relinquish your blue passport with the eagle on the cover. The United States doesn’t want to lose you as one of its citizens, for, as long as you carry American citizenship, no matter where you roam, you are obliged to report your income and earnings to Uncle Sam.

        3. Do I need a passport to retire overseas?

        You need a passport to travel anywhere in the world, no matter how long you intend to stay.

        4. Do I need to let my home government know that I’m leaving the country?

        No. If you’re an American, for example, you can register your presence in your new country with the local U.S. embassy if you like, but you are not obligated to do so.

        5. What happens if I die while living in a foreign country?

        Someone should inform your country’s local embassy and consulate. The consulate will help organize the repatriation of your remains (if that is your wish). If that is your wish, be sure to include repatriation as part of your international health insurance policy. Shipping remains home can be expensive.

        6. What happens if I get arrested in another country?

        When in a foreign country—as a tourist, a resident, a retiree, etc.—you are subject to its laws. If you are arrested for breaking one of them, get a local lawyer quick. Your consulate, for example, likely will not be able to help much, other than perhaps to make a local attorney recommendation. My best advice on this point is, don’t get arrested. Know the laws of the country where you’re living and respect them.

        7. Do I need any vaccinations?

        It depends where you’re going. Some countries require you to have specific vaccinations before you’ll be permitted to enter. The U.S. Center for Disease Control (CDC) has a good section on its website discussing the question which vaccinations might be advisable, depending on your current state of health and where in the world you intend to spend time.

        8. Can I drink the water?

        Again, it depends where you’re going.

        The tap water is potable in France, for example, of course, but it tastes funny because of the chemicals it’s treated with. The tap water is generally not potable in Ireland, but it is in Panama City and other parts of Panama. The easiest strategy (the one I follow) is to drink bottled water everywhere.

        9. Is it really safe?

        Yes, every country I recommend to you in these dispatches is safe. That is not to say no one ever does anything he or she shouldn’t do in any of these places. Nowhere in the world is 100% crime-free. Use your common sense. Lock the front door to your house. Don’t leave the keys in your car. Don’t wear flashy jewelry on the street. But, in all the places I suggest you think about retiring overseas, don’t worry about violent crime either.

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        10. Are there bugs or snakes?

        Yes, there are mosquitoes, gnats, sand flies, cockroaches, and spiders nearly everywhere. You’ll find snakes in the jungle and other rural areas, including, sometimes, poisonous ones. It’s easy enough, though, to educate yourself on which varieties of creepy crawlies you might encounter in your new home once you decide where you’re moving.

        Note that every state in the United States has snakes, too.

        11. Are there earthquakes or hurricanes?

        Yes, again, depending where you’re talking about. Panama, for example, sits outside the hurricane belt, but, down in the Hub of the Americas, sometimes, the earth does quake.

        12. Can I still receive my U.S. Social Security payments?

        Yes. If you’re eligible for U.S. Social Security, you can even have your monthly check direct-deposited into your account in many countries. You can see the list here.

        13. Will Medicare cover me living overseas?

        No. No exceptions. As an American abroad, you need to make another plan for covering your medical expenses overseas.

        14. Will my computer work in another country? My cell phone?

        Your laptop computer will work anywhere, as all laptop AC adapters should be dual current, meaning they should work with 110V and 220V electrical systems.

        You may need a plug adapter to be able to plug your computer cord into the outlet, depending on where you’re going to be spending time. Most of Central and South America uses the U.S.-type plug. In Europe, Asia, and Argentina, you’ll need a plug adapter. You can find adapter sets in shops in most international airports.

        Your cell phone may or may not work. First, find out if your current carrier has coverage where you’re traveling. Second, check with your carrier to find out if your account allows “roaming” in the country where you’re going.

        Long term, you’ll want a local cell phone.

        15. Can I drive on my home country’s driver’s license?

        Yes, typically for the first 30 days to one year that you’re resident in a new country. After this time, most countries require you either to qualify for a local driver’s license or to have your home license validated locally.

        16. Do I really need to learn the local language?

        No. You could get by most places I recommend in these dispatches speaking English only. I don’t recommend it.

        17. Is there Burger King?

        It depends where you’re thinking about retiring. The sorry truth, however, is that, yes, fast food has gone global. You can buy Coca Cola almost anywhere on Earth, and McDonalds, et al., are to be found except in the most remote regions of the planet.

        18. Can I get a job?

        Probably not. To work in a foreign country, you’ll need a work visa. This is not easily obtained unless you’re sponsored for a job by an international employer and relocated to the country with their help. You can, though, many places in the world, start your own business. Easiest is a laptop-based enterprise.

        19. Can I vote in local elections?

        No, not as a foreign resident. To vote in government elections, you’d have to become a citizen of the country. Again, remember, residency is not the same as citizenship.

        20. Will my credit and debit cards work overseas?

        Yes, they should.

        Before you use them, though, research what fees you’ll be charged.

        Many credit card companies charge foreign transaction or foreign currency fees.

        The difference between the two matters in places like Panama that use the U.S. dollar. If your bank charges a foreign transaction fee, you’ll incur it when using the card in Panama. If it charges a foreign currency fee, you’ll be hit with it only when using the card in non-U.S. dollar countries.

        Some credit cards don’t charge either fee, including travel-related cards such as credit cards sponsored by airlines.

        21. Can I bring my car with me?

        Yes. Normally, I don’t recommend it.

        22. How much does it cost to move overseas?

        How long is a piece of string? If you pack up a couple of suitcases and head on out, your total cost could be as little as the cost of your plane ticket. However, if you want to establish formal residency in a country, you should expect to spend US$1,000 to maybe US$3,000 per family member (between attorney and government fees) for your resident visas, and, if you decide to ship a container-load of your household goods, figure another US$10,000, more or less, depending where you’re moving from and to.

        The real cost of your move can be the cost of the research and travel involved if you have a long list of countries you want to check out.

        23. Can I continue to vote in my home country elections from overseas? Does my vote count for less?

        Yes, you can vote in your home country elections while living overseas. If you’re an American, go here to learn more about how to vote in U.S. elections while residing outside the country.

        And, no, your vote doesn’t count for any less. One vote is one vote, no matter where it’s cast.

        Sincerely,
        Kathleen Peddicord
        Kathleen Peddicord
        Founding Publisher, Overseas Opportunity Letter

        Tags: At Home AbroadLive abroadlive overseasmove overseasretire abroad
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        Kathleen Peddicord

        Kathleen Peddicord

        Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

        Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

        Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

        Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

        Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

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              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
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              LEARN MORE
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