The Perfect Haven for Young and Old Retirees
Thinking about retiring in the sun? The Philippines is one of the most sought-after lifestyle destinations in the world. Now, one celebrated real estate company is attempting to make the country an indisputable young-retiree mecca.
Southeast Asia has always been an attractive option for people looking to make an early or conventional retirement. Its pleasant climate, stunning natural environments, delightful food, and friendly people are dealmakers for foreigners looking for a new, exotic home.
The Philippines is perhaps the highlight of Southeast Asian retirement destinations. It is well known for its welcoming people and the generally low cost of living. A couple can live a comfortable, middle-class lifestyle on less than $2,000 in urban areas. Even $1,000 can go a long way if you want a more streamlined way of life.
The country also has certain advantages over rivals such as Thailand and Malaysia.
One, an overwhelming majority of the population is English-proficient. Their culture and values are also largely Christian, which helps to minimise the culture shock (compared to Buddhist Thailand or Muslim Malaysia).
Two, it’s easier to retire in the Philippines. The country currently has the easiest retiree visa scheme for younger retirees in all Southeast Asia.
For contrast, Cambodia drastically tightened its visa rules for long-stayers, making it harder for people to visit. Malaysia, on the other hand, requires high deposits or expensive visa-related property purchases.
The Philippines requires lower amounts by comparison.
Also, the Philippines’ Special Resident Retiree’s Visa (SRRV) makes retiring much easier. For as little as $10,000 a retiree and two dependents can gain entry and residence.
Retirees aged 50+ with a foreign pension can simply transfer $10,000 to an accredited Philippines bank to get a retirement visa. Those with savings or investment income, but without regular pension, need to deposit $20,000.
The deposit can be converted into part of an investment in the Philippines. For example, it can be used towards property, if the investment has a value of at least $50,000.
Those aged 35 to 49 need to deposit $20,000 in a locked-in account at an accredited bank to obtain the visa, or $50,000 if they want to convert the deposit into investments, e.g. buy a property.
Other requirements include a medical and police clearance, plus some processing fees. All of which are easy to provide.
Those options become more attractive when you consider the financial requirements of other countries.
Malaysia’s retirement scheme requires a deposit of at least 300,000 ringgit (around $76,000). Thailand’s retirement visa requires a deposit of 800,000 baht (around $25,000) which can’t even be converted into a property investment.
In short, the Philippines’ SRRV is one of the easiest and most affordable to get. It even has one of the lowest age requirements in the world — just 35! Only Panama, Colombia, and Ecuador have lower age requirements.
A good way to retire in the Philippines is to combine the financial visa requirement with a property investment.
Developers such as Century Properties have a special division to assist prospective retirees with this.
One of Century’s newest developments, Batulao Artscapes, is a residential art-park with designer homes set in a young-retirement village. An SRRV investment can be easily credited as part of a home purchase in Batulao Artscapes.
Should you choose the Philippines as a retirement destination, you’ll find great comfort knowing you got a competitive deal. You’ll also benefit from the economic boom the country is experiencing, with infrastructure modernization a key, ongoing reality.
Take the plunge. Retire where your money will count and your lifestyle will significantly improve. The Philippines is the place to be; a majestic, hospitable, and gorgeous country you’ll quickly call home.
Thinking about retiring in the sun? The Philippines is one of the most sought-after lifestyle destinations in the world. Now, one celebrated real estate company is attempting to make the country an indisputable young-retiree mecca. Southeast Asia has always been an attractive option for people looking to make an early or conventional retirement. Its pleasant climate, stunning natural environments, delightful food, and friendly people are dealmakers for foreigners looking for a new, exotic home. The Philippines is perhaps the highlight of Southeast Asian retirement destinations. It is well known for its welcoming people and the generally low cost of living....
Thinking about retiring in the sun? The Philippines is one of the most sought-after lifestyle destinations in the world. Now, one celebrated real estate company is attempting to make the country an indisputable young-retiree mecca.
Southeast Asia has always been an attractive option for people looking to make an early or conventional retirement. Its pleasant climate, stunning natural environments, delightful food, and friendly people are dealmakers for foreigners looking for a new, exotic home.
The Philippines is perhaps the highlight of Southeast Asian retirement destinations. It is well known for its welcoming people and the generally low cost of living. A couple can live a comfortable, middle-class lifestyle on less than $2,000 in urban areas. Even $1,000 can go a long way if you want a more streamlined way of life.
The country also has certain advantages over rivals such as Thailand and Malaysia.
One, an overwhelming majority of the population is English-proficient. Their culture and values are also largely Christian, which helps to minimise the culture shock (compared to Buddhist Thailand or Muslim Malaysia).
Two, it’s easier to retire in the Philippines. The country currently has the easiest retiree visa scheme for younger retirees in all Southeast Asia.
For contrast, Cambodia drastically tightened its visa rules for long-stayers, making it harder for people to visit. Malaysia, on the other hand, requires high deposits or expensive visa-related property purchases.
The Philippines requires lower amounts by comparison.
Also, the Philippines’ Special Resident Retiree’s Visa (SRRV) makes retiring much easier. For as little as $10,000 a retiree and two dependents can gain entry and residence.
Retirees aged 50+ with a foreign pension can simply transfer $10,000 to an accredited Philippines bank to get a retirement visa. Those with savings or investment income, but without regular pension, need to deposit $20,000.
The deposit can be converted into part of an investment in the Philippines. For example, it can be used towards property, if the investment has a value of at least $50,000.
Those aged 35 to 49 need to deposit $20,000 in a locked-in account at an accredited bank to obtain the visa, or $50,000 if they want to convert the deposit into investments, e.g. buy a property.
Other requirements include a medical and police clearance, plus some processing fees. All of which are easy to provide.
Those options become more attractive when you consider the financial requirements of other countries.
Malaysia’s retirement scheme requires a deposit of at least 300,000 ringgit (around $76,000). Thailand’s retirement visa requires a deposit of 800,000 baht (around $25,000) which can’t even be converted into a property investment.
In short, the Philippines’ SRRV is one of the easiest and most affordable to get. It even has one of the lowest age requirements in the world — just 35! Only Panama, Colombia, and Ecuador have lower age requirements.
A good way to retire in the Philippines is to combine the financial visa requirement with a property investment.
Developers such as Century Properties have a special division to assist prospective retirees with this.
One of Century’s newest developments, Batulao Artscapes, is a residential art-park with designer homes set in a young-retirement village. An SRRV investment can be easily credited as part of a home purchase in Batulao Artscapes.
Should you choose the Philippines as a retirement destination, you’ll find great comfort knowing you got a competitive deal. You’ll also benefit from the economic boom the country is experiencing, with infrastructure modernization a key, ongoing reality.
Take the plunge. Retire where your money will count and your lifestyle will significantly improve. The Philippines is the place to be; a majestic, hospitable, and gorgeous country you’ll quickly call home.
