Early retirement with a new citizenship
Published at: 04/05/2023 10:29 am
You don't have to wait to retire until you become old. And new citizenship can help you not only to enjoy your freedom but also to protect it.
What is early retirement?
Early retirement generally refers to the decision to retire before the traditional retirement age, typically around 65-67 years old in many countries. Early retirement can be voluntary or involuntary, and it may be due to various factors, such as financial independence, health issues, or changes in personal circumstances.
Some people choose early retirement because they have saved enough money to support themselves and their families, while others may retire early due to health issues or to care for a loved one. In some cases, people may also be forced to retire early due to layoffs, restructuring, or other changes in the job market.
Overall, early retirement refers to stopping working before the typical retirement age. It can be an excellent opportunity for individuals to pursue other interests or enjoy their free time.
Which are the best countries for early retirement?
Interestingly, the best countries to retire early differ from the traditionally wealthiest nations, such as Switzerland or Norway. Panama, Mexico and Thailand are among the most preferred locations because, somehow, people connect early retirement with an active lifestyle full of fun and sport on tropical beaches.
Safety and good healthcare are a must if you think about early retirement. But other characteristics exist, such as low taxes and rights to evade bad news and obligations from your original home country. Imagine peacefully enjoying life on a tropical beach, but suddenly you are drafted into the army in your home country.
Portugal is considered one of the best European countries to retire because it offers a warm climate, a low cost of living, and a retiree-friendly tax system. It also has excellent healthcare and a relaxed lifestyle. But Portugal is still in Europe, too close to the nest of fire.
Meanwhile, the Caribbean islands with citizenship programs guarantee a high quality of life and low taxes or a complete absence of taxation. These paradise island nations have great schools and excellent health care and were always peaceful nations far from harsh world politics.
Does it worth living in the Caribbean countries with citizenship programs?
Those days when a Caribbean passport only meant freedom of travel and no taxation were gone. A secure future for your family became important as well. And remember, the Caribbean is home to some of the most stunning beaches in the world, with warm, turquoise waters and breathtaking scenery. Please, Google the Grand Anse beach of Grenada to consider that perhaps heaven is on Earth.
Luckily, all Caribbean countries with citizenship by investment programs are tropical paradise island nations. St Kitts and Nevis, Antigua and Barbuda, Grenada, Saint Lucia and Dominica are among the best places for early retirement.
Our experts at Discus Holdings are ready to inform you not only about the legal and financial aspects of the Caribbean countries with passport solutions but we know where you can enjoy your retired years. Browse our offers or contact us for a free consultation here!