If you dream of retiring to a paradisiacal place where your retirement payment will reach you well, you should know that there are many countries that offer special visas for retirees from the United States.
A Below, we share three of them.
1. Panama
Apart from being famous for its channel, the Spanish-speaking country is known for having one of the fastest growing economies in Latin America.
You will need to obtain an immigration lawyer in Panama to submit your visa application and a certificate of issued by a doctor in the country. Other requirements include an income of at least $1, dollars per month, an FBI background check, a birth certificate certificate and a valid passport.
This program, known as Panama Pensionado, comes with all kinds of discounts on services and entertainment, as well as an exemption from the import tax on household items and new cars .
two. Belize
This English-speaking country located on the Caribbean coast of Central America is home to Mayan ruins, wild jungle and the second largest barrier reef in the world.
Its The Qualified Retirement Program is open to individuals 50 years and older with an income of at least $2,000 per month. The program requires you to spend at least 25 consecutive days per year in Belize, but you are free to roam Central America the rest of the year.
The program comes with some benefits, including exemptions from income, capital gains and inheritance taxes; as well as tax exemptions for the importation of personal property, cars, boats and aircraft; and the ability to buy land or a house.
3. Philippines
The Philippines is an Asian island nation that welcomes retirees from the United States. English is one of the two official languages spoken here.
To apply for a Special Resident Retiree’s Visa, you must have at least 70 years and receive medical and police authorization. There are different ways to qualify. For the two most common, you must deposit at least $25 thousand dollars in a bank in this country or deposit $25 thousand with proof of monthly pension income sufficient to support you.
The visa grants benefits that include a tax exemption one-time importation on personal effects worth up to $7,000 dollars, a series of discounts and health benefits.
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