Skip to comments.Great ExPat Options Where are they? Costa Rica? Others?
Posted on 11/07/2012 2:10:02 PM PST by NoLibZone
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There aren’t too many attractive options out there and even fewer countries that will let you stay longer than a few months. A young couple I know is getting ready to move to Costa Rica. They have to deposit money in CDs in a bank down there to prove they have income to live on. They say they and their young kids can live pretty well on about $2500/month and they have an online business.
Chile is fairly friendly to immigrants but it’s a long way down there, airfare is expensive, I understand the language is difficult to learn (not typical Spanish).
I believe there’s an age limit to immigrate to New Zealand, but if you have enough money, age probably doesn’t matter.
The big thing with these countries is that they expect you to arrive with money in the bank and a way to earn a living without being a drain on their country. Imagine that!
Is there any way of renouncing one’s US citizenship but retaining resident alien status or something equivalent?
Hell, wait a year and we’ll be to the left of Canada and Europe.
I get the bring money for a buy in part.
It make sense to us worker bees.
The choice is staying in a country that wants to turn into a 3rd world country versus moving to a 3rd world country. Not good.
I posted this to another thread this morning...
USN (not retired) Vet, I’m 65, retired, and I have lost 30 pounds, lowered my BP, and no longer need to take the diabetes meds from VA. I have another 20 to go, and my activity level, while making for lots of aches in forgotten places, has me feeling so much better.
Oh yeah, I am moving to the Philippines in January! Cheap, warm, and great people!
Rent for House or apartment: 50,- - 120,- US$ 2500 - 6000,- Peso
Electricity without air con 20 - 30 ,- US$ 1000 - 1500,- Peso
Electricity with an air con 60,- US$ 3000,- Peso
Tap Water 2,- US$ 100,- Peso
Garbage (mostly free of charge)
Telephone & DSL (Globe) 16,- US$ 995,- Peso
Drinking Water (1 unit every 2 days) 9,- US$ 450,- Peso
Food for two people 100,- US$ 5000,- Peso
Gas for cooking (700 P every 2 month) 7,- US$ 350,- Peso
Transport (Jeepney or Motor Bike) 12,- US$ 600;- Peso
Cable or Satellite TV 7,- or 15,- US$ 350,- or 750,- Peso
House Helper 40,- US$ 2000,- Peso
Total cheapest: 227,- US$ 11345,- Peso
Total deluxe: 380,- US$ 19245,- Peso
Here are some sites to check out!
There’s always Texas, it’s not another country but sure seems like it.
It’s nice here on the Alabama Gulf Coast. Very Red.
We are now to the left of Canada, even our corp taxes far exceed theirs.
The Dominion of Melchizedek
it’s been awhile, but hubby & I looked into it. Basically, you renounce citizenship...which isn’t that bad part if you don’t have a ton of net worth. It’s trying to get back on a Visa that’s the problem.
Perhaps you are looking for a dual-citizenship thing?
I believe, at least for now, that it is still possible to transfer funds into Texas.
But be sure you have a CURRENT passport. We’re still debating the need for Entry Visas, but a passport will soon be a must at our checkpoints.
Also, to be eligible to vote here, you MUST renounce all liberal leanings from your home state. We already have millions of these “social transplants”, so we don’t need anymore.
If all can be accommodated, then: WELCOME TO TEXAS!!!
They know all the good the good places, and they know enough to keep it quiet.
My top choices are Canada and Germany. Both are doing better economically.
Ok I found this:
RETIRING IN COSTA RICA
Pensionado and Rentista Residency
Costa Rica has had a Pensionado (Retiree) and Renitsta program for more than 40 years. This program continues to date as follows:
If you are planning to retire in Costa Rica and you have a pension or investment income then you may qualify for either PENSIONADO RESIDENCY or RENTISTA RESIDENCY. This program is governed by the New Immigration Law which confers residency status as follows:
1. PENSION BASED RESIDENCY [Pensionado]
The Pensionado (Retiree) applicant must demonstrate a permanent fixed income from a pension or similar retirement income of at least US$1,000 per month. The typical applicant in this category has a government, private sector pension or social security retirement benefits. The legal basis for the pensionado category under the new immigration is Article 81 of Law 8764.
2. INVESTMENT AND INCOME BASED RESIDENCY [Rentista]
To apply for residency under the Rentista portion the applicant must demonstrate a permanent fixed income of at least US$2,500 per month. This amount includes the applicant, their spouse and all their children which are under the age of 25. The legal basis for the rentista category under the new immigration is Article 82 of Law 8764
Generally, those who seek the Rentista category do not have a pension source and instead have investment income. To apply for this category it is necessary to provide proof of the investment and that it will generate the requisite amount per month which is required under this program. As such the applicant must provide a letter from their bank or financial institution where your funds are deposited certifying the existence of that income. It is not required that the funds be held in Costa Rica. The letter can be issued by international banks as well as Costa Rican banks.
The ideal letter issued by the financial institution should state that the recipient will receive at least US$2,500 per month in Costa Rica in a stable and permanent manner.
In both cases, Pensionado and Rentista the beneficiaries must comply with the following:
Prove that the funds were deposited in Costa Rica. This issue generally comes up when you are going to renew your residency category. When you renew your status you will be asked to provide proof that the funds have been sent to Costa Rica. As such keep records of all deposits until you complete your renewal of status. The easiest way to comply with this requirement is to ask your bank to issue a letter stating that you have an account with them and indicating that during the year you have exchanged the amount required by the immigration law i.e. $12,000 per year for Pensionado or $ 30,000 per year for Rentista.
Contribute to the Social Security System of Costa Rica. The current Immigration law (8764) requires that all residency holders must contribute towards the Costa Rican Social Security and Medical System (C.C.S.S.) The easiest way to comply is to request a voluntary policy known as seguro voluntario. The amount you pay is based upon the amount of income you report. Since the law establishes the monthly requirement i.e. $1,000 for Pensionado and $2,500 for Rentista those are the amounts they will base the payment on. For Pensionado that generally translates into a monthly social security payment of around $50 per month..
Check out www.sovereignman.com for a ton of info about citizenship in other countries.
Yep....Uruguay’s been atop my list, as well. Methinks we must get the same financial newsletter(s). :)
I looked into this a while back but couldn't find one.
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