5 Countries With Easy Citizenship for Retirement

If you’re dreaming of retiring to a beautiful chain of islands and Hawaii is out of your budget, consider The Philippines. The Philippine Retirement Authority offers a number of options for ex-patriates to retire amidst the crystal clear waters and white sand beaches. Most new residents use the Special Resident Retiree’s Visa to secure their residency.

To apply for the SRRV, you must be 50 years or older and have a pension of at least $800 per month, or $1,000 for couples, plus $10,000 in cash reserves deposited into a Philippine bank, according to Conde Nast Traveler. If you don’t have a pension but can deposit $20,000 into a local bank, you may also qualify.

As an immigrant, you’ll receive access to universal healthcare, an exemption on taxes for your pension and foreign-earned annuities, and discounts at certain local businesses, which means your retirement dollars will stretch even further.