Retirement is an opportunity to explore new horizons and experience life in a different setting. If you’re considering retiring abroad, you’ll want to find countries that offer a combination of security, quality healthcare, low cost of living, and access to leisure facilities. In this blog post, we’ll discuss the 10 easiest countries to retire in 2022, focusing on those that provide the best and cheapest retirement visa options.
Panama is a popular retirement destination, thanks to its beautiful beaches and warm climate. The Panama Pensionado visa is available to anyone 18 years or older with a proven lifetime income of $1,000 per month. Those with a monthly pension between $750 and $1,000 can still qualify by purchasing local property worth at least $100,000. This permanent residency visa comes with tax exemptions and substantial discounts on various services.
Argentina offers an affordable retirement option with diverse cultures and landscapes to explore. The pensionado or rentista visa requires a monthly income of at least 100,000 Argentine pesos (around $1,100). This visa is initially valid for a year, renewable for up to three years, and can eventually lead to permanent residency and Argentinian citizenship.
Retirees looking for a sunny island with delicious food and a thriving local culture should consider Greece. US and Canadian residents can stay for up to 90 days without a visa or permit. For longer stays, a residency permit requires proof of income of at least €2,000 per month or savings of at least €24,000.
Mexico’s weather, affordability, and proximity to the United States make it an attractive retirement destination. To retire in Mexico, you’ll need a temporary resident visa with a proven monthly income of at least $1,400. After four years, the visa can be converted into a permanent resident visa.
Portugal is an affordable European country with sunny beaches, wine, and historic cities. The retirement visa is a temporary residency visa that can be renewed twice for another two years. After a five-year stay, applicants can apply for permanent residency and Portuguese citizenship.
Malaysia offers retirees a tropical climate, beautiful beaches, and relatively low living costs. The Malaysia My Second Home Visa grants retirees a 10-year multiple entry visa, which can be obtained by depositing $32,000 into a Malaysian bank or proving a monthly income of $2,300.
Spain boasts gorgeous beaches and breathtaking mountains. To retire in Spain as a non-EU citizen, you’ll need a Visado Residencia, requiring proof of at least roughly $2,500 in monthly income and $500 per dependent. This visa can be renewed every two years, and permanent residency is available after five years.
Thailand’s low cost of living and beautiful beaches make it an ideal retirement destination. The retirement visa is available to foreign nationals over 50 years old who can show an adequate income from outside Thailand or deposit 800,000 Thai Baht (around $24,000) in a Thai bank. The visa is valid for one year and can be easily renewed annually.
Chile is a corruption-free, stable, and foreigner-friendly country. It offers one of the best living standards in Latin America, along with modern infrastructure and good public healthcare. The Rentista Visa program requires proof of regular recurring income to support yourself and your family members.
Mauritius attracts retirees with its natural beauty, remote areas, and relaxed
lifestyle. Retiring on this paradise island is a dream for many, and the residency permit makes it possible. To be eligible, you must transfer at least $1,500 per month from your personal account in your home country to your personal account in Mauritius. The visa is valid for 10 years and can be renewed indefinitely, as long as you meet the financial criteria and continue transferring money to Mauritius. Your family members can also reside with you, as the visa covers them too.
In conclusion, these 10 countries offer retirees easy and affordable retirement visa options, allowing for a smooth transition to a new chapter in life. With diverse landscapes, climates, cultures, and amenities, each country presents unique opportunities for a fulfilling retirement. When considering retiring abroad, it’s essential to weigh the ease of obtaining a visa and residency, as well as the overall quality of life and cost of living. By carefully examining these factors, you can make an informed decision and enjoy your golden years in a place that truly feels like home.