South America has lots to offer for retirees looking to relocate and live their golden years in the sun. South America gives retirees the opportunity to explore regions of great cultural diversity, as well as geographical diversity. It is very important to consider the cost of living, cultural variations, immigration laws and lifestyle when considering which country to move to. Read about the top 5 countries in South America to retire as an expatriate.

1. Uraguay

Nestled in between Brazil and Argentina, Uruguay is a highly desirable country for retirees wanting to retire in beautiful South America. Buying a home in Uruguay allows retirees to automatically be eligible for a temporary residency visa, which functions as a wonderful route for retires to obtain a long-term relocation option. Priding itself on having wonderful white sandy beaches & a robust landscape of forests and lakes, Uruguay can offer a variety of adventure and activities for any desire. Some fundamental benefits of choosing Uruguay for your retirement destination are a stable economy, mild climate that is suitable for everyone enjoyment, affordable healthcare – although we highly encourage obtaining international health care before departure – low taxes and a low crime rate.

2. Chile

Located on the west coast of South America, Chile is a wonderland of excitement for future retirees. With its dramatic mountain ranges, luxurious lakes and coastal beach access, Chile can offer every retiree a life of excitement. The ability to ski in the winter, and live by the beach in the summer is a luxury that most countries cannot offer. If you are wanting to maintain an urban lifestyle, the city of Santiago offers a widely developed and advanced environment for expatriates. While maintaining that urban lifestyle, you are able to still live comfortably off of an average of $1,000/month USD, as well as having the benefit of living in the country with the highest standard of the living & strongest economy and the lowest levels of corruption & poverty in all of South America.

3. Argentina

Retiring in Argentina has many advantages if South America is calling your name, one of the main ones being a rentista visa. A rentista visa allows retirees to move to Argentina on a permanent residency visa with proof of income of 1,600/month USD. As well as having a facilitated visa requirement, Argentina also offers expats the ability to buy a property with a 90-day visa, in order to ease the process for foreign real-estate investments. Argentina offers retirees a diverse and vibrant landscape, towns enriched with culture and as well as a wide variety for small quaint towns and lager more lively cities. One important consideration about deciding to move to Argentina is the difficult language barrier that is prominent throughout the country. The primary dialect is Rioplatense Spanish, which tends to be difficult for foreigners to learn and understand.

4. Peru

Peru may be the best location for the adventure seeking retirees. Home to the impressive Machu Picchu, Peru can offer anyone moving to the country a vast amount of mountain ranges, sacred valleys and many more beautiful attraction sites that one may visit during their spare time. When it comes to the cost of living, Peru is noticeably one of the lowest costs of living in comparison to its South American neighbours, with an average retiree being able to comfortably live off of 1,500 USD/month. An important factor about retiring in Peru will also be the process of obtaining a resident visa. Peru also offers a renting visa for expats, as long as you are able to prove an income of $1,000 USD/month and in the country for a minimum of 6 months of the year.

5. Ecuador

According to Internationalliving.com, Ecuador has been listed as one of the most desirable countries to retire as an expatriate. One of the major benefits of choosing to live in Ecuador is the economic benefit of having the country official currency be the U.S. dollar, which will facilitate the moving abroad process for many people. Ecuador also offers retirees a permanent residency scheme simply by providing an income of $800/month USA, or by a real-estate investment. As a retiree in Ecuador, you will have access to the countries over 65 discount program. Some of the benefits included in this program are reductions in taxes, discounts on transportation and discounts on electric and water bills.

 

Choosing one of these 5 countries in South America to retire is an exciting experience. An important element to remember as an expatriate moving abroad for retirement is that it is crucial to remember 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.