Social Security Administration, the countries where the most retired U. The index includes an analysis of a host of factors including health care, climate, cost of living and ease of securing a visa. An important component of moving abroad is the language question: Will you have to, and do you want to, learn a new language? It could be an exhilarating challenge in retirement to build language skills—which you can start doing long before you move—but think about whether that will make your first several months in the country unduly tough.
For instance, it may be best to identify English-speaking real estate agents , health insurance brokers, translators or other services you might need in your new home. Some countries offer citizenship by descent, meaning that as long as a parent or grandparent was born there, you can apply for full citizenship and receive all its associated benefits. Ideally, that country will also allow you to keep your U. Visa requirements and types vary widely: A temporary residency permit might be limited or renewable and will come with application and renewal fees.
Some countries, such as Colombia and Panama, have specific visas for retirees who can demonstrate that they earn a certain amount of income per month. Still other countries offer residency to foreigners who make real estate purchases of a minimum amount.
The U. State Department website lets you search by country to determine how long you can stay on a tourist visa and where to go for additional information about applying for temporary or permanent residency.
Some countries have restrictions on where foreigners can buy property. And it can be difficult to get local financing as a U. Check the Legal Assistance website for the U. But the same rule applies: The rental process in other countries is often very different. When searching for properties, double-check whether they come with furnishings that are often standard in the U.
The cost of health care is an important consideration no matter your age, but it takes on special significance as a retiree. You generally do not have to re-enroll each year. You can keep your right to vote in general and EU elections for 15 years after leaving the UK. This may give you the opportunity to influence the level of support and services offered to UK nationals abroad. Visit the Electoral Commission website has more information about voting. A will made in the UK may not deal with assets in a different country in the way that you wish.
This is because of the different local laws. Obtain independent legal advice about inheritance laws and wills. Find out what healthcare is available in the country you want to move to.
It is probably quite different to what you can receive in England. In many countries, there will be some costs involved in healthcare and you may need to pay a proportion of the total cost or the full cost of treatments.
The costs of medication or healthcare could be high, so you may want to look into health insurance. The UK has arrangements with some countries that may offer you certain healthcare entitlements.
The NHS provides a country-by-country guide on how to access healthcare abroad. This is your certificate of entitlement. Read advice about living abroad. Find out about paying tax if you live abroad. If you wish to keep your right to vote, register your move with the UK Electoral Commission.
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Evans also wanted to be able to see and smell the ocean daily. Two more things to consider: overall affordability and ease-of-travel. For example, U. Every country has its own residency requirements, such as proving a certain amount of annual passive income meaning an income that maintains itself, like stocks , showing substantial savings, or even purchasing real estate.
Also, note that establishing permanent residency does not mean citizenship. However, permanent residency can lead to citizenship in some countries, like Nicaragua. There are also numerous countries Brazil, Poland, and Vietnam are a few that offer ancestral citizenship to those able to prove family ties. Greece has also been working to secure its own seven-percent flat tax rate for pensioners from abroad. Visas vary from country to country, though in many cases those associated with retirement are relatively easy to obtain.
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