Melo Villareal
Forbes, a leading business magazine in the US, recently named the Philippines as one of the World’s 20 retirement havens of 2015. The article mentions numerous reasons why the country is perfect for those who wish to live a quiet, peaceful life after working very hard.
Twin Lagoon in Coron Island, Palawan, Philippines
Some of these reasons include:
- Nation of English Speakers – the country is full of locals who speak fluent English. Language is absolutely not a barrier for foreigners, especially in the cities.
- Uncomplicated Permanent Residency – the country requires only a minimum retirement income to grant permanent residency. It won’t be any hassle at all.
- Ease of Return – There are multiple nonstop daily flights from Manila to the US, averaging 15 hours. Foreign retirees and their families can fly back and forth easily if they so wish.
- Beautiful Tropical Environment – the Philippines is home to beautiful island destinations and a tropical climate that makes anyone feel like they’re constantly on vacation. It can be a very relaxing atmosphere, depending on where you live.
- Numerous Tourist Spots – Forbes also highlighted areas such as Subic Bay, which is home to an American Navy base, as well as Tagaytay, one of Luzon’s most popular tourist destinations. The country is also full of other, differently themed tourist spots that everyone can enjoy.
- Untaxed Foreign Income – according to Forbes, the Philippines does not tax the income of foreigners residing in Philippine territory.
- Low Cost of Living – One dollar can go very far in the Philippines. Necessities like food and shelter are not expensive at all. The cities are abundant in malls that offer both foreign and local goods.
Tayid Lighthouse in Mahatao, Batanes
Other countries on this list include Australia and Asian countries such as Malaysia and Thailand. North American countries like Belize, Canada, Mexico, and Panama are also hailed as retirement havens. In South America, countries like Chile, Colombia, Costa Rica, Ecuador, Nicaragua, and Uruguay have made the list. As for Europe, countries like Croatia, France, Ireland, Italy, Portugal, and Spain are also good for retirees.
Follow and subscribe to OutofTownBlog.com on Facebook , Twitter, Instagram, Pinterest, and YouTube for more Travel-related updates.
Read:
- What Makes Dumaguete a Favorite Retirement Place for EXPATS
- 10 Reasons to Retire in the Philippines
- Why the Philippines Is the Best Retirement Place in Asia
