Here are some places which are great to retire when the time comes.
Top Haven #1: Panama, the World's Top Retirement, Top Offshore, and Top Doing Business Haven
Pros:
This is the Hub of the Americas, meaning it's an easy, accessible place to travel to and from...
Best infrastructure in Central America...
A tax haven, meaning you can live and operate a business tax-free...
Best place in the world to start a business...
The world's Gold Standard pensionado program of special benefits for retirees...
A diversity of lifestyles, from big city to Pacific beaches, from mountain highlands to Caribbean isles...
International-standard health care...
Cons:
As developed as Panama is, this is still the Third World...
This is the Tropics (meaning the weather, in Panama City and on the coasts, is hot and sticky)...
No longer a banking haven...
Top Haven #2: France, the World's Best Quality of Life
Pros:
World's best developed-world living...
World's best health care...
World's most beautiful and romantic city...
More affordable than you might think...
Cons:
One of the most onerous tax regimes in the world (only an issue if you're a legal resident and earning an income)...
Miserable place to try to start a business...
You'll need to learn to speak at least some French...
Top Haven #3: Malaysia, Asia's Most Welcoming Retirement Haven
Pros:
Only country in Asia that makes foreign residency easy...
Diversity of lifestyles...
English commonly spoken...
International-standard medical care...
Very affordable...
Tax haven...
Cons:
Halfway around the world...
Asian lifestyle is more exotic for North Americans...
Third World...
Top Haven #4: Ecuador, Most Affordable Retirement In The Americas
Pros:
Probably the most affordable place you'd want to live in the Americas...
Established expat base in Cuenca...
Cons:
Nearly Fourth World...
Less accessible...
Less stable...
Top Haven #5: Thailand--Exotic and Super Cheap
Pros:
One of the cheapest places in the world to live or retire today....
Super exotic (this can be a pro or a con, depending on your point of view)....
Established expat base....
Cons:
Not easy to establish full-time legal residency (so live here only part-time)....
Halfway around the world....
Top Haven #6: Nicaragua--Beautiful, Romantic, and Super Cheap
Pros:
Nearby and accessible....
New program of benefits for foreign retirees....
Very affordable....
Established expat base....
The best of Costa Rica (only better)....
Cons:
President Ortega, who remains a wild card and insists he's running for re-election this year....
Third World....
Poor infrastructure....
Top Haven #7: Uruguay--Peaceful, Safe, and Tax-Free
Pros:
Stable, peaceful, relaxed, and removed from the troubles of much of the world right now....
Tax haven....
Great infrastructure....
Easy residency....
Cons:
Way down at the bottom of the earth....
Maybe boring....
Top Haven #8: Belize--Offshore Frontier
Pros:
Country of independent thinkers where you can make your own way....
Everyone speaks English....
Banking haven....
Tax haven....
Land values in the Cayo are a great bargain....
Cons:
Not super cheap, especially on Ambergris Caye....
Health care facilities are limited....
Top Haven #9: Medellin, Colombia--Emerging Haven Where Property Prices Are An Absolute Bargain
Pros:
Pleasant weather year-round, thanks to the elevation....
Pretty city in a pretty setting....
More genteel way of life than you'll find in most of Latin America....
Real estate values are a screaming bargain....
Cons:
This is a market in the workaround stage, meaning things like establishing foreign residency and opening a non-resident bank account can require "workarounds"....
Not a tax haven....
Exchange controls (which can be managed with proper counsel)....
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