Millions of middle-class
retirees from the developed world, often referred to as the one billion-strong 'Baby-Boomer' generation, are choosing to retire abroad. They want a lifestyle that has the basic comforts of home, but with a lower cost of living,
lower tax rates, lower healthcare expenses, a better climate, and country-specific retiree benefits.
Over 50 host countries globally are not only welcoming retirees but also actively encouraging them to become permanent residents through various retirement incentives, discounts, and tax and healthcare benefits.
The basic requirement is that retiree residents must have sufficient income from pensions, annuities, or investment and rental income. This income should be between US$1,500 and US$2,000 per month, at least sufficient to ensure that they can take care of themselves and not become a burden to the host state.
Some host countries also allow retirees
to invest in property or in a business, but generally, active employment is
discouraged.
