One of our most important considerations when researching expat retirement destinations was the host country’s policies on residency. Some places , like Thailand, offer ease of convenience, with relatively few requirements. However, it’s only valid for one year and its liberal policies mean you share the country with almost anybody short of escaped criminals (and there’s probably some of those).
Other countries, like Panama and Ecuador, offer slightly more stringent rules but there are many barriers which include language, shysters looking to scam expats, and most recently the ridiculous new U.S. government tax act known as the Foreign Account Tax Compliance Act (FATCA) which makes it exponentially harder for honest middle class Americans to open foreign bank accounts. Continue reading