This article takes a look at the 5 easiest countries to retire to. If you wish to check out our detailed analysis on the retirement dilemma and best expat retirement countries, go to 15 Easiest Countries to Retire to.
5. Ecuador
Income Requirement: $800
Beautiful beaches and sunny weather is drawing a lot of retirees to Ecuador. The South American country boasts great healthcare, a pleasant climate, and a good quality of life. Those wishing to spend their golden years in this country can apply for the Jubilado Visa. To be granted the visa, an applicant must be at least 65 years, have a monthly income of $800, have a clean criminal record, and also be considered safe for the Ecuadorian State.
4. Colombia
Income Requirement: $800
Elderly foreigners who wish to call the beautiful and affordable Colombia their home, can apply for a Colombian Retirement (M) visa. The applicant must be retired and living with a creditable periodic income to apply for this visa. Next, if male, they must be 65 years of age. The minimum age requirement for females is 57 years. Also, they must have a minimum income of $800. The visa is granted for three years, after which it can be renewed.
3. Portugal
Income Requirement: $700
Portugal is an affordable option for retirees. The Retirement visa, or the Portugal D7 Visa, is granted to non-EU citizens having a steady income from their pension or other savings for at least 24 months. Applicants must provide all necessary documentation, upon which they will be granted a visa with a one-year validity. It can be renewed twice, each time for two years, to add a maximum of five years. After five years, applicants can apply for a permanent residency. EU nationals can avail residency through another route, known as the Golden Visa. The visa requires an applicant to either purchase real estate, invest, create jobs, or donate a certain amount to their research activities or their national heritage reconstruction.
2. Nicaragua
Income Requirement: $600
Coastal climate, affordable living costs, and beautiful landscapes are a major draw for retirees in Nicaragua. Those seeking to take advantage of the Nicaraguan retiree program must first demonstrate a stable monthly income of $600. Once proof is established, legal documents are provided, and proof of health is delivered, a Pensionado residency is granted. Though the former is more popular amongst retirees, another residency category available for retirees wishing to move to the country is the rentista status, requiring $750 in monthly income.
1. Bulgaria
Income Requirement: $530
One of the oldest countries in Europe, Bulgaria is renowned for its rich culture, beautiful landscapes, and affordability. Non-EU seniors who wish to retire to Bulgaria must apply for a Bulgarian Pensioner D visa. After entering the country through the visa, applicants must apply for a temporary residence known as “Residence for Pensioners.” EU nationals can visit the country for three months, register a residence, and lodge a residence permit application.
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