Top 10 COUNTRIES TO RETIRE in 2023
1) UAE - Dubai
2) Cyprus
3) Portugal
4) Mauritius
5) Chile
6) Turkey
7) Mexico
8) Panama
9) Thailand
10) Malaysia
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WHY RETIRE ABROAD?
Retiring abroad can be an appealing option for many people for a variety of reasons. Some of the main benefits of retiring abroad, BEYOND REDUCING YOUR TAXES, include:
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Lower cost of living: One of the main advantages of retiring abroad is the potential to save money by moving to a country with a lower cost of living. For example, you may be able to live on a fixed income in a country where the cost of living is much lower than in your home country, allowing you to stretch your retirement savings further.
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Better weather: If you're tired of cold, snowy winters or scorching hot summers, retiring abroad could give you the opportunity to enjoy a more moderate climate. Many people choose to retire to countries with a tropical or Mediterranean climate, where they can enjoy warm weather year-round.
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Cultural experiences: Retiring abroad also gives you the opportunity to experience a different culture and way of life. This can be especially appealing for those who are looking for a change of pace and want to immerse themselves in a new culture.
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Affordable healthcare: Healthcare costs can be a major concern for retirees, and in some countries, these costs can be significantly lower than in other parts of the world. By retiring abroad, you may be able to access affordable healthcare options that can help you save money on medical expenses.
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Community of expats: Many people find it easier to adjust to a new country and make friends when they are surrounded by other expats who are going through similar experiences. Many countries with large expat communities offer support groups and social events specifically for expats, which can make it easier to make connections and build a social network in your new home.
Overall, retiring abroad can be a rewarding experience for those who are looking for a change of pace and want to take advantage of the many benefits that come with living in a different country.
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Remember that laws change all the time and this article may not necessarily take into account the law in force at the time you are reading it; therefore it is essential to contact an international tax lawyer in order to check the law in force when you decide to relocate or move abroad.
It is always very important that you speak to your international tax attorney before starting any type of tax planning or relocation of your business.
Do not hesitate to contact us if you would like us to provide you with the contact information of highly qualified international tax lawyers who are specifically qualified to help clients in your situation.
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