The 3 Best Expat Countries to Retire
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- Опубликовано: 29 июн 2024
- nomadcapitalist.com/
Wondering where are the best places in the world to retire? InternationalLiving.com has shared their list and in this video, Andrew discusses the countries they’ve ranked and gives his thoughts on the places wealthy people should consider, to go where they’re treated best.
00:00 Start
0:23 Article
1:17 Costa Rica as a retirement destination
1:38 Retire in Ecuador
2:11 Retire in Panama
www.prweb.com/releases/top_3_o...
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
![8 Reasons Why Americans LEAVE Costa Rica [Why I Left]](/img/1.gif)
Where would you retire? Let us know in the comments below!
What countries can one retire without need to get the clot shot? Or exorbitant C19 insurance?
Iv got a apartment on a golf village in the algarve, Portugal 🇵🇹 and I can heard the waves crashing from my balcony 👌🍾
Out of EU, USA, Canada,Australia and generally OUT of that kind of communist countries.
Philippines. Very Friendly people. Would like to hear your comments pls
@@bengmelea8646 Bielorussia (Belarus) or Serbia. In a country that is NOT part of Europe and that is not a member of NATO. Sweden is also a good choice.
Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 40 and my husband 44 we are both retired with over $1 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the made it possible for us this early even till now we earn monthly through passive income. We are currently in Greece enjoying our retirement
@Vic Vic Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) a financial advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her.
She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good financiaI advisor for yourself.
@@skoopqueen. please how do i get in touch with her
@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@skoopqueen. You are right, I am one of many who has benefited from investing with Regina Louise Collaro. 2020 is an unforgettable year in my life, back then I lost my job due to covid and had no reason to live. Regina made a good life possible for me through passive income and I owe her my life. To be honest, I feel like she is an angel of who was sent to help those who are suffering financially.
I used to live in Costa Rica and I am now a permanent resident of Panama. Panama has much less crime and is very friendly to retirees of all income levels. I highly recommend that anyone interested in Latin America check Panama out.
Yeah, I was looking at buying property in Guanacaste and saw someone fire a gun at someone else on the street, in broad daylight in Tamarindo. Also heard some bad stories of people who bought property in the Arenal area and dealt with constant break ins.
If you want to live in Costa Rica, which is a beautiful country and great spot to surf, make sure it's a gated community and it's mostly expats living there.
I'd take Costa Rica off the list if you have any concerns of safety. There is a reason why it's cheap to buy property down there.
I chose a different Central American country and have been here 20 yrs...in a safe neighborhood and safe beautiful small historic UNESCO wolrd heritage site Spanish Colonial former capital...12 blocks by 12 blocks...super safe. Perfect year round Spring climate..great cost of living properry tax on my $400.000USD house and garden under $100 a year. The nice countryside of Costa Rica. My best American expat friends here moved here FROM Cuenca, Ecuador. We are 1.5 hrs from the International airport.
Panama seems to have good incentives from the government.
Thanks for that perspective, too.
Andrew's, take or leave it...due dilligence on yuown, best. Take care
Agree that Costa Rica is far more dangerous than the statistics would lead people to believe. It's because most street crime is so normalized no one reports it. When I lived in the capitol, people walked around with fishing poles - to steal things out of people's yards over the fence.
As an aside, I would totally watch the channel of whoever decorates Andrew's homes. I love that the interiors are personal yet reflect the aesthetics of the country too.
Love your show. Comparisons are good. Yes, a lot depends on personal retirement goals and budget. Have visited Uruguay (among others) and found place and people phenomenal - so extra cost is well worth it. Thanks for very interesting shows
Definitely started looking at St Kitts and Nevis.
A big factor that's never mentioned is medical care cost and quality.
Many of the touted countries have far cheaper and Just as good, if not better< medical system than the USA.
Im a 6 figure retiree
Was living in Philippines for 2 years had to leave due to lack of medical facilities
Now
Living in Antalya for almost 2 years
300+ days of sunshine
Modern and affordable medical care
Affordable living food and entertainment
Amazing historic ruins
Thank you for your channel n belated happy Bday
Hi! Could you pls share your experience and tell what monthly budget is needed to live in Antalya including rent?
@@antonlomov5532
I bought my apartment
Nice apartments usually. Good neighborhood pool garage parking 60k and up depending on location
Konyaalti area i find best
Can get a great dinner under $20
Honestly only items expensive here is cars and alcohol
Me and wife had annual physical and body scan last week $238 for both
In and out in 1 day went for bloodwork results day after
Food is amazing
Climate is amazing
Ancient ruins and beautiful museums
@@antonlomov5532
My budget is between $800-1200
All in
Most nice furnished apartments in good neighborhood will cost $550 and up
Water electric internet $65
My cell bill
20gb
3 hours international calling
$ 24
Tramvay $ 1.07 1 way to anystop on the line
Groceries about 1/8th what i was paying in NYC
Medicine about 1/4 cost
Doctor visit with interpetor $19
But a car you would pay $2000 in USA is about 10k
Thou
Car insurance full coverage
$145 a year
@@Princess_n_TheDuke Thanks for such a detailed reply!
I'm also six figure retiree seeking a place now, turkey on my list too, but was wondering any vax passport things going on (green pass)? what's the really situation in your city now? just can't deal this COVID bullshit anymore.....
Andrew, great info, one thought, ditch the tie, it is not needed.
This expert has found a great spot in retirement business. Kudos!!
I can do Panama for a month in Q1 when great weather, otherwise, no thanks. It's a very frustrating place to be long term dealing with the scammy, lazy, loud, thick-headed culture and the weather is going to be awful 2/3 + of the year.
one of my fishing buddies lived there and he is how you described scammy, lazy, loud, thick-headed (as well as his trailer park wife) now it makes sense
Gobto Panama Boquete. Town in the mountains, and a lot of foreigners living there.
Agree lived in Panama for 5 years from Bocas del Toro, Boquete to Panama city. Great place to visit but never live full time. People and life there will do your head in
Georgia or possibly Timisoara, Romania.
Sri Lanka, Phillipines or Uruguay.
I'm thinking of the Phillipines myself. Healthcare is not that great there though and as a white person they will charge you more (the infamous 'white skin rax')
We went to South Africa (we did not move our money) - mistake! Not a great place to move to. Onwards.......
South Africa is in free fall. It is fortunate you decided to move on.
Did you do any research prior to the move? Glad you got out safe
@@nikosniko7092 My birth country. We knew the pitfalls. It was a decision based on health. Husband Stage 4 cancer. Not an uninformed decision.
@@merrildegroot7862 sorry to hear… hopefully a speedy recovery ❤️🩹
@@nikosniko7092 Thank you!
Cool, thanks
As usual, very good video. Most of my international business is done in Japan (my favorite country by far and most of all, where I am most needed and respected). I've built it from the ground up and coming from a poor background. Thanks to Olympic sports and entertainment I've managed to travel to 65 countries. I speak French, English, Spanish fluently, and basic Japanese. As much I would love to retire in Japan, Latin America, or the Mediterranean countries are my picks, I am not a beach guy at all and need arts and culture. At 59, I am in top shape and still have a lot of projects so retirement is not part of my vocabulary...yet. Best of luck to everyone!
Serge ! Fascinating post. I share your admiration for Japan.
warmest regards
I am not a wealthy retiree; but I'm very happy to have picked Costa Rica to retire because I am treated the best here even though I'm not fluid in Spanish. Pura Vida
@ขี้เหนียว It's just enough to get by with the assistance of sign language and a Costa Rican wife that bails me out all of the time.
I heard vaccine is mandatory in Costa Rica !
@@annevonmoos8247 I'm not sure;I got my shot a while ago but these corona laws are always changing
@@annevonmoos8247 Complete deal breaker for me. No thanks!
@@annevonmoos8247 what's considered or deemed essential will not require to be vaccinated. All other venues yes. Deal breaker! Ecuador here I go!
Georgia.
Thanks ANdrew
I did ayahuasca in cuenca a few years back. Nice place
@ขี้เหนียว my sole purpose was to do ayahuasca there you moron. Gaia sagrada retreat
Thank you, Andrew.
Timely, as always
Hi Andrew. Like you said in the video most articles are focused on the cheapest places. What would be a couple recommendations for someone in the early 40s with a couple kids that can afford 6-7k a month in living expenses? I have two pensions that provide my income that I can show as proof.
What about including quality and cost of healthcare in your assessments? That is critical to retirees.
I've been looking at Brazil.
SO VALUE YOUR WORK
Portugal
Why Portugal , if you are retired and invest in stocks, shares , dividends , you have 28% of taxs
My top 5
Mexico
Ireland
Ecuador
Mexico
Mexico!
Ireland and Mexico? LOL
Valencia, Spain
You haven’t considered the health care systems and costs which are very important for ageing retirees
If these three are the best, then why aren't you living there?
I've been retired my whole life, or at least it seems I have always lived the retirement lifestyle. Maybe that's why I don't have much at all now that I am indeed retired. Philippines all the way!
Lucky Rich Bitch, lol good for you... all the health and peace you
Do you mind to expand a bit on your lifestyle both when younger and now? Thanks
After seeing a conversation between Costa Rica’s President and Klaus Schwab about the “fourth industrial resolution” being a done deal, I have crossed it off my list. I’m wondering what that image is behind you.
Mexico! No vax pass required, great people, affordable!
Too many entitled Americans there who don't speak any Spanish.. No thanks.
This is about the only issue that matters to me.
Italy is not good now due to the vaccine passports. Horrible. I heard Mexico is good in that aspect. I am thinking about Portugal. Has anyone heard anything about it?
Absolutely True
@@hexlatino3421 Just get the shot and be done with it. LOL
I loved your interview with Mark Moss. Thanks much.
Am I the only one who misses his catchy theme song at the opening???
Madeira, Portugal
The Tie Andrew the Tie ,, haha Good vid anything more attractive than the Uk at present ok maybe not Australia
Roatan rocks!
Just spent 6 weeks in costa rica. 9pm curfew and the entire country is super boring. My 4th visit. Hard pass.
Something tells me Taiwan will not be lovely within the next 3 years.
Or any place next to /near it
Taiwan SAR?
u r correct
Not to worry. China would pay a HUGE price to start trouble there.
Retire near a hospital that has a good reputation for health tourism. People don’t like to think about needing healthcare but the older you get the more likely it becomes.
100% correct.
Good advice...travel is such a hassle today.
My thoughts exactly
Well, I don't trust the "sick care" system much, so Id be more inclined to live near the alternative medicine type places. New quantum medicines are on the rise as the old system crumbles.
@@biohackmasters15 lmao good luck treating cancer with your MLM essential oils 😂
What about Eastern Europe? Armenia and Georgia( Republic of)?
Georgia has some of the best UFC fighters I've ever seen.
@@blockaderunner names please?
He normally talks about Georgia a lot. I want to go check it out he's got me pretty excited. Unfortunately, apparently I'm too poor for him to work with.
@@mxgangrel i visited there and it is a dream. But: the health system is developing, so either to get private insurance or fly to nearby Turkey for major procedure.
Englush is spiken by many young Georgians
@@user-hu4nk3gq2g right now I like watching Merab and Giga
Any comment Andrew on what happened to the former Georgian president the past month?
A lawyer for former Georgian President Mikheil Saakashvili says his client's state of health has worsened dramatically and intensive care physicians had to interfere overnight to perform resuscitation assistance as the politician enters his 25th day of a hunger strike.
Countries opening up with the least restrictions would be nice, I don't think low cost is necessarily as much of a pull factor as before. My priorities are safe and free, least bs.
Your welcome
Portugal 🇵🇹🌞🍺
I'm from Algarve 🇵🇹👍
Good memories in the Algarve as a child. I just want to be somewhere with friendly mix of locals and expats and preferably some sailing to boot
As an American, I found your recent show on Turkey very interesting. How is it for retirees, tax & citizenship wise?
I'm not rich, but I like listening to Andrew, partly because he talks from the perspective of a rich person. The interesting thing is that, and I'm assuming, you DON'T HAVE TO BE RICH to retire in most parts of Central and South America. I'm going to spend some retirement time in Cabo, Mexico where I have a condo. Although that's kind of a very touristy, resort type, Americanized part of Mexico. But it has nice, dry, sunny weather most of the year.
Owning a property qualifies you as well-off
Is Cabo humid or more like Southern California? I’m looking for less humidity than say Florida, but like the beach, especially the Gulf of Mexico side over the Atlantic. Thanks
I would pick Bueno Aires. A good mix of people, top quality red meat and wine, and ofcourse the bottom line on the dollar! The downside is it's a far trip to the U.S. versus being able to catch a round trip from Mexico to the San francisco Bay area all day for $300 with much shorter flight times.
It is a fabulous city ! You can have a lot of fun there … but I would rent property not buy … and keep out of trouble ! Don’t wear a watch …
Here in the states I'm well off enough to wear an expensive watch. Not me though? I buy a $25.00 Casio, and like to wear casual, and heavy duty work clothes. I definately don't roll in style. Hope to visit someday?
Since I find few areas of the USA worthwhile to visit or live in (and I'm American), that wouldn't bother me.
1 - USA
Having spent a lot of time in Ecuador on business I am surprised when I see it on these lists. Safety is ok as long as you stay in a very defined area within your very defined area. That is not a static area and for example tourist areas of Quito that were safe for decades are now not safe.
It is a very mountainous country and travel is slow….very slow .
There are a lot of strikes and road blockades. About every 2-3 years the country will be paralyzed by strikes for weeks.
Volcanic eruptions occur about every 5 years that can disrupt everything for months.
The military has a lot of power. Ran the main airline, there have been coups.
I’m not at all getting into the day to day challenges just big picture you will not be happy when this happens moments.
San Marino
I am pushing my parents to retire in turkey. it seems much safer than south america with the added benefit of better infrastructure, better food and better safety.
for myself, who is still young and single, south america seems a more adventurous option however
Colombia is nice for STRs if you speak Spanish and is great value, decent weather. Turkey is fantastic except very few people speak English, but another great value place with amazing food.
Turkey is looking promising. I live in South Africa but I will retire in my Parents Country - Portugal.
Nice choice imo, Turkey is still underrated and therefore insanely cheap. The only concern though is the political course and the direction this coutry is going to.
Turkish healthcare system is a " hidden gem" in plain sight. High quality and innovation for a reasonable price
@@ib9511 Yes; and the other attractive attribute about Turkey is that they give you Turkish citizenship just for buying a house. The country of St. Kitts, for example, offers the same deal; but St. Kitts is an extremely boring place, and moreover has minimal healthcare facilities.
I don't think there is a one perfect place,you'll have to accept some trade-offs and make the best of it.There will be pros and cons to every place.
You never mentioned the Seychelles 🇸🇨 Worth looking at, speak English and it’s a beautiful archipelago!
Mauritius is better
Have you been ? Nice for 3 weeks for tourisme but not for staying all time...
Extremely beautiful archipelago indeed, but very expensive and boring long term.
@@nataliasansnom8738 Had an Uncle who lived there for many years, but no unfortunately I haven’t visited!
@@roygoad2870, thanks for answer. I spend 3 weeks there.
3) Costa Rica
2) Ecuador
1) Panama
Excellent Video, Thank You
1- Cambodia (for ease of getting Retiree visa), 2- Cambodia (for very cheap cost of living and asian lifestyle), 3- Cambodia (for lovely, very kind, smiling people).Panama? a bit of a xxxx hole really….Costa Rica? not that cheap (even 15 years ago), great, green countryside though.
Do you need to get the clot shot to get a Cambodian visa?
Panama has its faults but I wouldn't call it a xxxx hole. Casco Viejo is world class and is also nice by Avenida Balboa. I don't consider it a retirement option for different reasons.
How about health care in Cambodia?
@@panjacek6674 It's not great as wealthy Cambodians typically fly to Bangkok (or Vietnam) for their health care if it's serious. However you can get almost any medicine there without a doctor's prescription. I would recommend getting insurance to repatriate and/or treated at a hospital within the Bangkok Dusit Medical Services (BDMS) group such as The Royal Phnom Penh Hospital or the Royal Angkor International Hospital at Siem Reap. If you can't be treated there you can be referred to another hospital within the group.
@@bengmelea8646 Thanks, that's a useful info.
Yayyy my Costa Rica made it on the list🤩 I highly recommend it 😇 we welcome and are very respectful towards foreigners. 🇨🇷🇨🇷 there are a few unsafe areas (like in any country) but in general if you come to blend in with the locals you should be fine.
What about the vax mandate?
Andrew always looks good with his tailor suits
Tailored
Taylored
How about the political stability of Ecuador? Panama City it seems like it's too hot and humid there all the time. How would the top 3 places compared to Lima, Peru or Medllin Columbia?
Lima is as hot as Panama city. Medellín is not that hot.
I love Novi Sad Serbia.
Best for who?
Hemispheres and Latitudes, due dilligence. Objective 'ways'
Portugal by the sea.
Hi, I do like your videos, please can you try to do one video regarding north of Cyprus, thx
Thailand
Is showing my life savings considered income?
Malaysia hands down. I've lived in KL and loved it. Friendly locals, low cost, good weather, english speaking, and good healthcare
Not Australia that the bottom of the list for retirement
I like all those places! Coz they all have good surf! 😎🙂
I love your home decoration!
Thank you! 😊
Love the Mauritius but health care is not up to same standards as other places. It is certainly off the beaten path. Mexico is very high on my list. Not expensive to live. Taxes are high but for US citizens the tax treaty is more important. Healthcare is very good in the private healthcare system. Portugal is my favorite Not expensive, great healthcare, good tax policy for pensioners and a path to EU citizenship.
Panama is a good host for military retirees; many veteran services are already in place; Philippine is also a feasible option.
Do they still shoot people for not wearing masks?
Cambodia.
are vaccines mandatory in Ecuador?
I recently was in Ukraine and was impressed by how far along many of their medium to smaller cities have come. Poltava and Kharkiv for example. I think Eastern Europe has some gems.
I am living in Ukraine now and can tell you it is fine here especially the price of things. Dnipro is a really nice place. Right now the silly ass government is putting ridiculous quarantine regulations in place but so are a lot of other places.
4 Months later...
this aged well
and this goes to show the importance of having a plan B...
Panama is definitely a good option a lot of French people are going there
Doesn't seem very interesting place to me.
Ireland is lovely and the people friendly. Were it warmer there I would have considered it an option.
6 figures is nothing to sneeze at, any advice for them (us)?
We help clients who earn US$500K or more OR have a net worth of US$1 million or more. We've also made 1,700+ videos including many that speak to everyone, like this one: ruclips.net/video/9aY8_DISMJ0/видео.html
Years ago, I believe that Croatia had tax free living incentives for US retirees. Does that still exist or in other Balkan countries?
How about Chile?
The Latin culture is so warm and loving people.
It depends which country, I would omit Panama.
Ecuador uses the US currency as their dollar.
Is RUclips AdSense income taxed under Portugal's NHR regime?
I would say … it depends on whether Portugal has a DTA with the country where the income is received.
As a Western/European bloke wanting to be somewhere warm without too much of a culture shock during retirement... Probably Cyprus or Portugal.
No Spain?
@@g_c6668 yeah possibly... do they tax retirees? Or offer other tax friendly programmes for expats / digital nomads?
I like your show although i disagree on the fact that all three feature countries are in the same neighborhood globally. And not the best neighborhood. Equador in particular has had some issues with crime/political assassination lately. Also i can't believe older people would move to places with 8000'+ altitudes where oxygen is so thin.
How is Croatia ?
You and IL need an update...CR is locking down and disallowing entrance to anything other than grocery, pharmacy, hospital, and banks after 1/8/2022. RULE OUT.
..."You will own nothing, and you will be happy"... World Economic Forum.
I am still waiting for someone to address this issue
Why wait to move to these places when you retire? Go there now if you can and you are still younger.
Brazil 🇧🇷 Gramado RS, beautiful German architecture and safe.
any vax passport things going on in brazil?
What are your thoughts on Montenegro?...now that your company has Matured over the years with such new information.
Very primitive country, would highly advise against
Could you expand on this? Do you have first hand experience?
@@kagi95 I'm a state department contractor living in Montenegro at the moment
Dominican republic
Isle of man is pretty free and friend;y, not sure about the tax issue for individuals but it is considered a tax haven for corporations
I appreciate your videos, always very informative. Do you have any / would you do a regular one that incorporates the local requirements for vacccines. I know this changes quite quickly, but so do the various tax rules it seems! Thanks
He needs to keep his channel on YT so not the best place to talk about that topic. Check odyssey Rebel Capitalist.
@@kayleung5722 Good point. Thanks for the suggestion, I'll take a look. He did do '6 countries open..' the next day, which addressed the question and was useful.
Retiring to Ecuador in January! Prob wont stay for more than few years tho, as western developers are already starting to have their way with the place.
I was not a fan of Quito other than Cumbaya. Where are you retiring?
@@user-qv7fs6ut2f Starting in Vilca... I prefer smaller rural towns to cities anywhere I go.
Costa Rica AND Panama don't seem that interesting to me for long term living , compared to other countries.
What happened to Georgia? I thought that was your fav. And what about Mexico?
I'm tax res in my country UK, a French pension and residency rights enable me to get healthcare there, spend 3 months in South of Morocco and elsewhere as my whim dictates. I work online and building up passive income streams. Turkey is attractive but how stable will it be next year with explosive elections? Its complicated, study is important, Andrew has helped a lot and I'm poor so his advice has enabled even me to go where I'm treated best and like the triptych
Hello Andrew, What about the Dominican Republic ?