15 Best Countries to Retire Easily in 2023

A retirement visa, also known as a residence permit, allows individuals to spend their golden years in a foreign country. To qualify for this type of visa, applicants must navigate through various procedures and requirements set by the country’s government. Each year, an update is provided on the top countries to retire in, and for 2023, a list has been compiled of the 15 best countries that offer the easiest retirement visa options.

1. 💼 Portugal: Portugal takes the top spot as the most popular destination for retirees. With its stunning views of the Atlantic Ocean and a relatively low cost of living, Portugal has become an enticing choice. The country offers a passive income retirement visa, known as the D7 Visa, which requires retirees to have a steady income from pensions and savings above the minimum wage.
2. 🌍 Costa Rica: Costa Rica, known for its beautiful beaches, fantastic weather, and rich culture, is another favorite among retirees. The country offers a pensional visa, similar to Panama’s retirement visa, where applicants must have a lifetime monthly pension of at least $1,000. Additionally, foreign retirees living in Costa Rica enjoy tax exemptions on their foreign income.
3. 🌴 Panama: Panama, ranked as one of the easiest countries to retire in, has seen a surge in popularity for its low government taxes and discounts for foreign investors and retirees. The country offers a pensional visa, allowing anyone aged 40 or above to apply as long as they can demonstrate an income or pension of $1,000 per month, with an additional $250 for each dependent.
4. 💸 Bulgaria: Bulgaria, located in Eastern Europe, offers a mix of beautiful mountainous landscapes and thriving city hubs. The country has the lowest prices for goods and services among all EU member states. Retirees can apply for a pensioner D visa, which is valid for 12 months and renewable as long as the applicant can prove sufficient funds to support themselves during their stay.
5. 🏥 Philippines: The Philippines boasts tranquil areas perfect for those seeking a break from city life and a chance to enjoy crystal-clear beaches and tropical weather. The country offers a special resident retirees visa, open to individuals as young as 35. To qualify, applicants must make a one-time deposit of $50,000 or prove that they can financially support themselves and their family members.

For Americans aged 55 and above, retiring abroad can offer exciting opportunities to experience new cultures, beautiful landscapes, and a more affordable cost of living. Whether it’s the stunning beaches of Portugal, the rich culture of Costa Rica, or the affordability of Bulgaria, there are numerous countries that cater to the needs and desires of retirees seeking a fulfilling retirement abroad.