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    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
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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.






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

        Buying Real Estate For Cashflow

        • Discover tips and strategies used by global property investing veterans

        Explore Our Latest Posts

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        Go To The Overseas Property Alert Site

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        VALENCIA, SPAIN

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        PANAMA CITY, PANAMA

        Oct. 15-17, 2025

        VIRTUAL

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        overseas living letter offers affordable retirement guidance
        The Simon Letter Wealth Protection Insights
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        Home Countries Colombia

        The 7 Best Countries To Get A Residency

        World’s Easiest Residency?

        by Kat Kalashian
        Nov 10, 2020
        in Colombia, Dominican Republic, Ecuador, Lifestyle, Mexico, Nicaragua, Panama, Portugal, Residency
        0 0
        Red Handle Rubber Stamper and Permanent Residency text isolated on White Background.

        iStock/syahrir maulana

        While some countries make residency difficult and painful to acquire (ahem, France), others make it exceedingly easy. They want foreign residents bringing in foreign capital. There are entire industries devoted to designing residency and citizenship initiatives and attracting potential new folks to these countries.

        I heard from a couple friends last week, career nomads and famous perpetual travelers, that they had managed to secure Mexican residency since the beginning of the year. They haven’t had a real or permanent residence for decades, and it was a problem for them in this COVID-19 era. They couldn’t guarantee that they’d be allowed into any country other than their own. So, while stuck in Seattle, they headed over to the Mexican Consulate and began the proceedings. Within just a few weeks they had their escape hatch all ready. They can now leave the States to go to Mexico whenever they wish.

        And, as I mentioned last week, some of these visa offers are not just easy to apply for, they’re easy to maintain. My Panama permanent residency is just that—permanent—regardless of my whereabouts. Same goes for Mexican residency.

        I keep repeating the word “easy,” but easy means different things depending on your goals and/or limitations. I’ve already mentioned easy to apply for and easy to maintain, but there are other ways a visa can be more accessible, too.

        This debate has come up in editorial meetings over the years… specifically in referencing Colombia and Panama—both of which we had touted as having the “world’s easiest residency.”

        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.

        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.

        Boiling it down to the top country for each category, here are the best backup residency options on the table today:

        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 And Mexico—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 likewise offers an easy process that can be started online and completed within mere hours.

        Dominican Republic And Mexico—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.

        Again, Mexico also shines in this category. No matter how you seek residency in Mexico, there is no physical presence requirement, whether you’re on a temporary or permanent visa (so long as the visa is valid). Temporary visas here are valid for four years, but by investing more or proving additional funds, you can skip right to a permanent visa that will let you bypass renewals.

        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 two 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.

        Kat Kalashian
        Editor, Live and Invest Overseas Confidential

        Tags: backup residencyCOVIDLive abroadMove abroadmove overseasOverseas Residency optionsresidency optionsResidency Processsecond residencyvisa
        Share84Tweet52
        Kat Kalashian

        Kat Kalashian

        Kat Kalashian has grown up around the world, living in the United States, Ireland, France, and Panama, and has traveled extensively in her few years. Growing up as a young expat she is familiar with the trials and tribulations of an overseas move and the adjustments that must be made in every new destination. After living in Panama for seven years, she and her husband relocated back to Paris, France, in 2018 where they now live full-time with their American-born cat, Panamanian-born dog, and two French-born daughters. She's now been living in Paris for over 10 cumulative years, and enjoys being able to explore France and the rest of Europe at every opportunity. As head of Live And Invest Overseas’ European Division, she is Editorial Director of Europe Uncovered, a monthly subscription service, MCs the Europe based Live And Invest Conferences, and scouts out new locations for coverage on the Continent.

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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

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