After making the decision to retire overseas, the big decision as to which country to choose from comes into play. Asia is one of the most beautiful and culturally diverse regions in the world. Each Asian country offers unique and desirable traits for expats wanting to retire abroad. Read all about why the following fit in the criteria for the top 5 countries in Asia to retire.
According to International Living’s List, the top 5 countries in Asia to retire are Malaysia, Thailand, Cambodia, Vietnam & Sri Lanka. The criteria used to analyze each country are classified under 13 categories: buying and investing potential, renting abilities, benefits and seniors discounts, ability to obtain visas and residency, cost of living, assimilation, entertainment and amenities, healthcare, healthy lifestyle, level of country development, climate, opportunity & governance. Also check on healthcare system in Asian countries before moving to the country.
There’s no wonder why Malaysia was named as the top Asian country to retire as an expatriate. Malaysia is located South of Thailand and is known for its vast and beautiful beaches, immaculate rainforests and surroundings of its multitude wonderful islands. Although the countries official language is Malay, English has become an unofficial second language in the country. It is widely spoken, which will surely facilitate retirees in their relocation.
Malaysia should also be a top priority for retirees looking for some adventure. The country is relatively large in size, with a wide variety of terrain and adventures to explore. Also, due to its location, you will have most of Asia at your fingertips. Travelling between countries is extremely easy, allowing you to explore the full potential of Asia.
A close follow-up to Malaysia was Thailand. As Malaysia’s northern neighbour, there is no surprise that Thailand has landed in second as a desirable location for expatriates to retire.
Known as “The Land of Smiles”, Thailand has much to offer in terms of retirees desires. The countries low-cost of living, warm-water coastlines, tropical climates, a tax-free system for income coming abroad for expats, a rich and untouched culture, and relatively standardized hospital care. Thailand also offers easily accessible yearly visa renewals for expatriates who have chosen to retire in Thailand, which allows Thailand to be a long-term retiring destination.
Cambodia has long been on the rise for one of the most desired countries to retire. As the country continues to expand, Cambodia offers the benefit of beautiful scenery and a warm climate as well as the ease and comfort of a large international connection. One major benefit of retiring in Cambodia is the ability and ease to obtain long-term visas. Many Asian countries may require a stringent income requirement in order for a long-term visa to be approved, whereas Cambodia does not require these.
While on the hunt for new experiences, a change in scenery while staying within your retiree budget, Vietnam should be well at the top of your list. Similar to its neighbouring countries, Vietnam is known for its exquisite scenery and warm climate, but also offers a variety of healthy and delicious foods.
One reason why Vietnam is lower on the list than its neighbouring Asian countries is that they don’t have a government placed retirement visa scheme. This may complicate long-term stay in the country. You are able to extend your visa while in the country, which greatly facilitates the renewal process, however the longest visa in place at the moment is a 3-month visa.
5. Sri Lanka
Last on our list of top 5 countries in Asia to retire is Sri Lanka. No different to several other Asian countries when it comes to the beautiful and steady climate, Sri Lanka offers a steady and homogenous temperature year round. Healthcare system in Sri Lanka is also up to the mark. Sri Lanka is also known as a multicultural country which allows expats to explore and diverge in a variety of cultures.
Sri Lanka offers a “Dream Home Visa Programme” which allows retirees over the age of 55 who meet the countries financial minimum for expats, a 2-year visa with the potential to renew.
After exploring the top 5 countries in Asia to retire, it is still important as an expatriate that is moving abroad for retirement to obtain Global Health Insurance before departure. Global health insurance is the safest and most reliable option for long-term global medical care. International health insurance has the ability to travel with you from country to country. This is extremely important for expat retirees who plan on visiting family back home for holiday seasons. Contact Expat Financial for expert advice and to discuss your international insurance needs and requirements.