Enjoying your golden years means kicking back, escaping the stress of the daily grind, and doing what you’ve always wanted to do.
Unfortunately, sometimes, you can’t experience these fully in your home. Often, the best place to enjoy them is in an entirely new country.
Retiring in a different country allows you to enjoy better weather conditions the majority of the year, explore fascinating cultural attractions, and engage in recreational activities you have always wanted to try.
Moreover, living in a new country enables you to own a new, more affordable home and enjoy a more comfortable lifestyle.
Selecting the Right Retirement Destination
Choosing the right country to enjoy your retirement can be tricky. You have to consider different factors, such as the cost of living, availability of healthcare and medical services, and safety and security to ensure you live comfortably and without fear of danger and other difficulties in a new, possibly far-off place.
If you plan to travel often, you will do well to consider the possibility of getting a second passport from the country you want to retire in.
Many countries known as top retirement destinations also have second citizenship programs, routes that allow you to get another passport legally.
A second passport permits you to experience visa-free travel or visa-upon-entry to more countries. This benefit allows you to enjoy smooth, hassle-free, and more cost-efficient journeys to more destinations.
Having a second passport also enables you to have dual citizenship. This means you can enjoy the various benefits your home country provides as well the ones offered by the nation that issued your new travel document.
These benefits include continuous access to healthcare and medical services, if available, and pension.
Many countries that offer second citizenship also have lower tax rates and withhold capital gains, estate, inheritance, and wealth taxes on new citizens.
Acquiring second citizenship through an investment program is relatively quick, too. As long as you fulfill the requirements, you can get your new passport within six months.
Top Retirement Destinations With Second Citizenship Programs
Below are five countries with straightforward second citizenship programs that are also considered the best retirement destinations in the world:
Antigua and Barbuda
If you have always dreamt of enjoying your golden years in a tropical paradise, Antigua and Barbuda should be on the top of your list of retirement destinations.
This Caribbean country known for its 365 beaches has been a popular destination for tourists and retirees for years.
Antigua and Barbuda is home to some of the most stunning coastal areas in the Caribbean. The beaches here boast white, grey, and pink sands and clear azure or turquoise waters.
This country is the best place for a variety of relaxing and exciting activities that everyone of all ages can enjoy.
Additionally, Antigua and Barbuda offers a high quality of life and low crime rate, making it one of the best and safest Caribbean countries for retirees.
Antigua and Barbuda also has a second citizenship by investment program. By purchasing an approved commercial or residential property or donating at least USD 200,000, you can get a passport that gives you visa-free travel in over 131 countries.
The Caribbean’s “Nature Isle” is famous for its resplendent mountain ranges, magnificent tropical rainforests, and beautiful natural landscapes.
Because of its rich natural resources and attractions, Dominica is the go-to place for tourists and retirees who love nature.
Aside from its beautiful mountains, rainforests, and parks, Dominica also has a number of stunning beaches, lakes, and waterfalls. When you retire here, you can enjoy birdwatching, hiking, snorkeling, canoeing, and other activities that let you get close to nature.
As a retirement destination, Dominica offers an affordable but high-quality lifestyle, good healthcare and medical services, and a safe, relaxed way of life.
Dominica also has a highly sought-after citizenship by investment program. If you want to own a home here and obtain a second passport, you can opt for the real estate route.
This passport gives you visa-free access to over 113 countries.
This country has one of the most fascinating cultures in the world. It also has plenty of natural and human-made attractions steeped in history and tradition.
The beautiful beaches and perfect Mediterranean climate make Cyprus one of the best places to retire in. The cultural diversity and food scene won’t disappoint you as well.
Aside from these reasons, Cyprus is popular among retirees since the cost of living here is relatively low. Also, the country has a stable government and a low crime rate.
The country’s citizenship by investment program also allows you to own a property here and get a second passport that gives you visa-free travel to more than 159 countries.
Turkey is another country that has a lot to offer to retirees.
The country’s beautiful beaches boasting crystal-clear waters and soft powdery sands, tall mountains, ruins of ancient empires, rustic villages, and massive cosmopolitan cities make it another paradise worth spending your golden years in.
Retirees can also look forward to gorgeous weather nearly all year round, excellent healthcare, affordable housing options, and low-cost, quality living.
Turkey’s citizenship by investment program has a real estate route, which means you can get a second passport and own a residential or commercial property at the same time.
With a Turkish passport, you can enjoy visa-free travel to over 110 countries.
St. Kitts and Nevis
This twin-island country is known for its fascinating culture, lively nightlife, and stunning volcanic mountain that dominates the landscape.
The combination of natural and human-made attractions ensures retirees have plenty to look forward to when they choose to settle in St. Kitts and Nevis. These include various water sports and activities, ecotourism, and several outdoor festivals.
Additionally, the cost of living in St. Kitts and Nevis is considered moderate, allowing you to live comfortably within means. The country also has one of the best medical and transportation amenities and facilities in the Caribbean.
St. Kitts and Nevis has the oldest and most affordable citizenship by investment program in the world. You will be awarded their passport by donating to the government or purchasing a commercial or residential property, which provides visa-free travel to more than 131 countries.
If you want to retire in another country, aside from considering a retirement visa, consider taking advantage of a second citizenship by investment program. It is a relocation planning tip that will help you experience more benefits as you start living your golden years.