Top 5 International Retirement Destinations to Consider if Trump Takes Office Again
As the possibility of a former President returning to office looms, many Americans are considering their options for retirement abroad. Whether you support or oppose a potential Trump presidency, it’s always a good idea to explore international retirement destinations with favorable tax treatment, lower living costs, and a comfortable culture.
Here are five international retirement destinations that could become even more popular if the former President takes office again:
1. Southeast Asia: With a strong dollar, countries like Thailand, Malaysia, Cambodia, and Vietnam offer an extremely affordable cost of living for expats. Some countries in the region also have tax treaties with the U.S. to avoid double taxation.
2. Turkey: The new digital nomad visa in Turkey allows retirees to “try before you buy” with lower living costs, top healthcare services, and favorable tax treatment. The country’s digital nomad visa has reasonable income requirements, attracting more expats.
3. Belize: This English-speaking Central American nation offers retirees a tropical climate and financial benefits through the Qualified Retired Persons (QRP) program, which exempts all Belizean income taxes on income generated outside the country.
4. Canada: While potentially more expensive, Canada offers a Western-like culture with a larger social safety net, including lower crime rates, free healthcare, and extensive public health policies. Many Americans see Canada as a first stop in case of a successful presidential bid by Donald Trump.
5. Portugal: Portugal’s Golden Visa program is popular among retirees seeking European charm and the potential for European citizenship in five years. The Non-Habitual Resident (NHR) tax regime provides significant tax breaks for up to ten years.
Whether you’re planning for retirement or considering a move abroad, these international destinations offer a range of benefits for expats looking for a change of scenery.