10 Easiest Countries to Retire Comfortably in 2022

The best countries to retire in the world offer a combination of security, quality health care, low cost of living, and access to facilities for leisure. However, in this video, we've listed some of the easiest countries to retire. These countries offer the best and cheapest options for retirement visas and an easy path to residency. For instance, a country like Vietnam is often regarded as a great retirement option, but unfortunately, a retirement visa is still not available in Vietnam. So, for foreigners who would like to retire in Vietnam, they will have to apply for a business visa or investor visa to reside in the country. So, the countries mentioned in this video are those that offer the easiest and cheapest retirement visas, which often lead to permanent residency or even citizenship. So, here are 10 easiest countries to retire in 2022. 10. Mauritius Mauritius attracts retirees from around the world. They come for the natural beauty, remote areas, and relaxed lifestyle. For many, retiring on this paradise would be a dream come true. Plus, there's a residency permit that makes retiring in Mauritius possible for lots of people. To be eligible, you must transfer at least $1,500 per month to support yourself. The transfer must be from your personal account in your home country to your personal account in Mauritius. The visa is valid for 10 years. You can renew indefinitely as long as you meet the financial criteria and you must show that you regularly transfer money to Mauritius. Furthermore, your family can also reside with you as this visa covers them as well. 9. Chile Chile is easily one of the most corruption-free and stable countries in the Americas and also one of the most friendly to foreigners looking to relocate or retire. The cost of living in Chile is quite high relative to other Latin American countries. However, retirees from North America and Europe will enjoy significantly more purchasing power than at home. Furthermore, it offers one of the best living standards in all of Latin America coupled with modern infrastructure and good public health care. Moreover, it offers a rentista visa program which gives a straightforward path to Chilean residency. Obtaining this visa is simple. You need to prove a source of regular recurring income to support yourself and your family members for living in Chile. 8. Thailand If you're looking to stretch your retirement budget as far as you can and are up for an exotic adventure, consider retirement in Thailand. This country has a low cost of living as well as some of the world's most beautiful beaches. Its retirement visa is available for foreign nationals over 50 years of age and can be applied for in Thailand or while overseas at a Royal Thai Embassy or Consulate. To qualify, you must be able to show an adequate income from outside of Thailand or deposit 800,000 Thai Baht which is around $24,000 in a Thai bank. While adequate income isn't formally defined, unofficially it's about $1,500 a month. The retirement visa is for one year and can be easily renewed annually. Furthermore, you can process the paperwork yourself and pay about $80 or you can seek help from an attorney who will 7. Spain Across its almost 200,000 square miles, Spain has gorgeous beaches, breathtaking mountains, and plenty in between to enjoy during your golden years. In order to spend retirement in Spain as a non-EU citizen, you'll need to obtain a Visado Residencia. This visa does not permit you to work in the country. You will need to prove that you have the means to support yourself and any dependents while you live in Spain without working. You can do this by providing evidence of a certain minimum monthly income like pensions and investment statements. Typically, you'll need to prove you'll have at least roughly $2,500 and $500 per dependent coming in each month. Furthermore, this visa can be renewed every two years until you get permanent residency which is available after five years in the country. 6. Malaysia Malaysia has a lot to offer retirees, from its sandy beaches to its extensive rainforests to its dazzling capital city of Kuala Lumpur. The climate is tropical, hot, and humid with rainy and dry seasons. On top of all this, it also boasts relatively inexpensive living costs, so it's no wonder retirees are heading to Malaysia. Moreover, it has a retirement visa option that is one of the best in the world, which is known as Malaysia My Second Home Visa. It grants retirees a 10-year multiple entry visa that is automatically renewed on its expiry at the end of the first 10 years. Anyone can obtain this visa if he or she deposits $32,000 into a bank in Malaysia or prove you have a monthly income of $2,300. 5. Portugal Portugal is one of the most affordable European countries and many people speak English, especially in the main cities and on the coast. There are sunny beaches in Algarve, wine in Porto, and a historic metropolis in Lisbon. What's more, in recent years, the Portuguese government has eased residency requirements and taxes to make the country more appealing to tourists and expats. Its retirement visa is a temporary residency visa for non-EU citizens who wish to live in Portugal. The process is straightforward, it has few requirements, anyone can apply, and it's relatively cheap, making it an attractive option for most applicants. This visa is valid for one year and can be renewed twice for another two years. After a five-year stay in Portugal, applicants can apply for a permanent residency permit and Portuguese citizenship, provided they still meet the requirements. 4. Mexico Many retirees find Mexico to be an attractive retirement destination due to its weather, affordability, and proximity to the United States. So if you are from the U.S., you can reap the benefits of retiring abroad, but you won't have to worry about crossing an ocean to get home. In order to retire in Mexico, you'll need to obtain a temporary resident visa at a Mexican consulate. To receive approval, you'll need to prove you can support yourself financially, which in concrete terms means showing you have a monthly income of at least $1,400. And after four years, you can apply to have your visa converted into a permanent resident visa. Additionally, Mexico operates both public and private medical facilities. Some facilities work with U.S. and Canadian health insurance providers, so it's possible for you to keep your old insurance. 3. Greece If you dream of retiring on a sunny island with delicious food and a thriving local culture, it may be time to look at Greece. The country offers hot summers and mild winters. You can live in a metropolis like Athens or a picturesque town in Santorini. U.S. and Canadian residents can live in Greece for up to 90 days without needing any kind of visa or permit. But if you want to stay more than 90 days, then you'll need to apply for a residency permit. The basic requirements for a residence permit is proof of income of at least €2,000 a month or savings of at least €24,000 in a bank. Also, keep in mind that if you have citizenship in one of the European Union's 27 member states, you have the to live in Greece without getting visas or a residence permit. 2. Argentina Argentina is an attractive and affordable country for retirement. Apart from the low cost of living, it showcases a number of diverse cultures and has varied landscapes to explore, the Andes Mountains, glacial lakes, and the Pampas in addition to Buenos Aires. The process to obtain a retirement visa is pretty straightforward. One way is to prove your financial status as a retiree with a monthly income of at least €100,000, around $1,100. A regular permanent and bank income that meets or exceeds this minimum threshold qualifies you for the pensionado or rentista visa. This visa is initially valid for a year and renewable for up to three years. After that, you can apply for permanent residency and, if you wish, eventual Argentinian citizenship. 1. Panama Panama's beautiful beaches and warm climate have made it a popular location for foreigners to retire in recent years. It is one of the most easiest countries to retire in the world. Anyone 18 years of age or older can apply for the Panama pensionado as long as you have a proven lifetime income of $1,000 per month. And if your monthly pension falls between $750 and $1,000, you can still qualify by purchasing local property worth at least $100,000. Qualifying applicants for this permanent residency visa also receive several tax exemptions on household goods plus substantial discounts on everything from utility bills to medical exams and transportation services.