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Retiring Overseas

The ‘international retiree’ is now seen by an increasing number of countries as a potential source of export dollars and a way to boost local economies. In order to provide information for aspiring retirees, the web site Live and Invest Overseas has developed an Overseas Retirement Index which rates countries based on the following 13 criteria:

  • Cost of living
  • Health Care
  • Residency options
  • Entertainment
  • Recreation
  • English Spoken
  • Expat community
  • Taxes
  • Real Estate Affordability
  • Real Estate Restrictions
  • Infrastructure
  • Environmental Factors
  • Crime and Safety

If you want to read the full article, you can read it here.

After detailed analysis of 30 jurisdictions, the following ratings table was produced:

Countries such as Thailand and Malaysia are popular with Australians because they are a ‘day flight’ away from most capital cities and have all the advantage of great weather, good / great health care systems and English being spoken in the country.

If your family was mostly based in the UK, Europe or the US, you might chose a jurisdiction that is closer to those countries.

Having recently visited Vietnam on a family holiday, I can see the merits of Da Nag or Hoi An as potential retirement destinations.  However, the creators Index clearly believe that Vietnam is deficient in a range of key areas and have thus allocated a score of ‘C’.  However, given the extensive level of development in Da Nang, with huge amounts of foreign capital being poured into the country, we might see a change in the above scores over the next 5-10 years.

  • 1.The hurdle for Thailand …
  • 2.The requirements for Malaysia …
  • 3.The requirements for Cypress …