I'm a fan. I am retired, live in Portugal. I am developing a tiny business and don't have a high net worth but it is fun listening to what you have to say.
Since Portugal is in Schengen, if one does his visa with Portugal (D7 visa seems very easy for any American retiree to qualify based on Social Security alone), but actually lives elsewhere in Schengen, would the Portuguese government even know? Contrary to the visa by investment program, a D7 visa holder is expected to live in Portugal. I guess their rationale is if one doesn't bring in a big chunk of money on day one, he should at least spend money there all year round.
I live in Greece, returned after over 20 years, living in 3 different countries in Europe and the Middle East and I’m so happy with how much the country has progressed. Great food, weather and amazing service is a given
As an Irishman I left 5 years ago. I go back regularly and Dublin especially is slowly becoming a ghetto. Would not recommend anyone to move there. Outside Dublin is better but government are settling up assylum centres everywhere, so don't be suprised if you see towns full of non irish.
@CIA.2024-u9b there are so many jobless Filipinos or Latinos that don't hate our culture, but lobbyists from big companies see just potential human resources, they don't see people and their intentions
I began watching this channel with high hopes 😅💔 a little concerning recommending Ireland - I live here. Weather is not good at all, rains everyday 9 months of the year. Rent affordable? Try an average of 2k€ a month for an ok place… especially by Dublin. This is a place to make money and then leave, not come over. Irish people fleeting left right and centre as soon as they can. You might aswell recommend Canada, it’s nearly the same when it comes to housing and affordability.
Ireland is insanely expensive, even the UK is cheaper. And it rains everyday 12 months of the year. If you are lucky you might get a 2 week dry spell, but that is very unusual
Batumi, Georgia here... I'm so sick of near-perfect weather, 27-28'C each and every day. I'll pay you to take some of our weather. And yea, I really am sick of it. Early morning is fine, the rest of the day kinda sucks.
""Dublin, which receives 683 mm (26.89 in) of rain per year, on average. The weather station with the highest number of "wet days" is Belmullet, with 193 days per year, while the station with the lowest number of "wet days" is Dublin Airport, with 128 days per year."
it’s been said and known that’s not the audience this channel targets. there’s so many youtube accounts that share places to move on a smaller budget. just search it up.
Regarding Ireland. You mention the weather being "better than you'd imagine". The weather in Ireland is generally colder, wetter and cloudier than England.
At 50 I moved out of California and came to a city in Mediterranean Spain Alicante . Still perfect for retirement ! Thing is I’m not retired ! Affordable great health insurance and food !
not necessarily if you are skilled, talented and creative that is where your greater opportunity comes from. It is plenty of retirees from America and Canada retired in The Philippines and even some young Americans from America living long term in The Philippines, and they all went there with average money. Most of them have started their own businesses, they figured what The Philippines was lacking and or what a lot of local people were demanding and are meeting their demands and satisfying their interest and now some of them are making a couple hundred U.S dollars a day. I tell people this all the time when it comes to Asian countries and Middle Eastern countries even in small European countries you don't need a lot of money, your skills, talent, knowledge and creativity can be the solution to create the opportunities that you want for yourself. I remember in one of Andrew videos when he told us he used to work at a restaurant in The United States a long time ago so it isn't always about the money with some people greater amounts of money comes sooner and quicker than others for those that it doesn't you will have to utilize your own skills, talent, knowledge and become more creative to get the outcome that you want out of life.
@@jamalgreen3056 The Philippines is very cheap, but the heat and humidity is brutal. It's a good place for a remote worker to live and save money, or a retiree who has a fixed income, provided they can tolerate the cultural and environmental differences which can be challenging. The scenery and beaches are beautiful and you only need to wear a jacket when riding on the air conditioned buses.
I was in Greece years ago and I found it was easier to find someone who could talk German than English. That worked for me since I can talk conversational German.
Portugal is maxed out so far as housing options are concerned, the SEF immigration arm crashed about a year ago and everyone on the site lost their position for residency. PT has peaked
Since Portugal is in the Schengen zone, if you do your paper there and live elsewhere in Schengen instead, who would even know? My understanding of the Portuguese D7 visa program is that just about any American retiree can easily qualify with their Social Security alone.
Portugal WAS a viable option, the biggest gripe is that it became so popular because of its low cost of living, affordable housing that it became a problem for the population. I have co-workers and friends in Portugal, and the natives can no longer afford housing, it went from a regular 100K usd home price to 400K for a hole-in-the-wall over 10 years. This made the population recent the influx of a new population rather than the welcoming nature of the Portugese citizen. Salaries are still low there, which makes it a very attractive place to move your business to, but the housing cost and rising cost of living is a problem. For a country with a lot of sun-hours you'd belive they'd have an excellent electrical infrastructure, but no - the rules and regulations makes everything cumbersome and you'll find electricity being very expensive there as well.
I’m originally from Lisbon but currently living in one of the most expensive cities in Switzerland. Surprisingly, the actual cost of living here, just 20 minutes from the city center, is lower than in my hometown. I’m now considering some bizarre options, such as working in Portugal on high paying temporary contracts as the local workforce being driven out, while maintaining a permanent home on the outskirts of Geneva. Interesting times indeed
Also infestation of Z Russians. Not [all] of the Russians who are there now are bad people, but a majority are just as preposessing and arrogant as the occasion of Ukraine demonstrates.
Malta is English speaking due to being a former UK colony. It has the Mediterranean climate and lots of food variety. For later in life there are assisted living facilities, something which is not found in most other European countries. Not that hard to qualify for residence. Another surprising possibility is Switzerland for non-lucrative visa long term residence. Not too hard to qualify financially if you have above ~ $3,900/mo. passive income. The kicker is high cost of real estate, but the payoff is some of the best quality of life on planet earth, and English is almost universally understood and spoken. My #1 choice.
I work in Malta every winter for around 7 months and have done since 2012 and while it used to be somewhere I would have considered for retirement it wouldn't even factor into the equation anymore. An overheated property market, crazy levels of immigration, rising crime and overcrowding/traffic and very little in terms of biodiversity/outdoors things to do other than go to the beach due to it's small size make it somewhere that I feel would become claustrophobic in a very short space of time. Not to mention it's one of the most corrupt countries in the EU. I have a home in Portugal and while the comments regarding bureacracy are on point (it's a nightmare) and taxes aren't the lowest I balance that against the low cost of living, the wide varieties of natural environments to enjoy, the very friendly people and low cost of housing if you look outside the major cities/ex pat areas and it still ranks as somewhere that's worth retiring too, particularly if you enjoy a simple, quiet life away from the excesses of modern western culture.
Ireland : great friendly people, great landscape especially the West coast. The country's population is changing quickly. Might not be the same in 10y time. Monaco : id rather live somewhere else in the Cote d Azure or in Provence. Greece : great but too hot in summer.
Monaco, too expensive Ireland , I like the idea I think I’d have to get away from the gloomy weather for short time during the winter perhaps in Greece Greece is too hot for me in the summer, but I like the food and the people and I don’t mind earning the alphabet which I’ve learned and learning more language, even though I’m older. :).
The EU is becoming a cesspit. East Europe and the south are ok. The Balkans look good too. I personally rate the Mediterranean parts, Spain, Portugal and Greece, and I also think that Romania, Croatia, Slovenia, Montenegro, Albania, Hungary and Bulgaria are decent places.
Portugal is a shithole, I was born and grew up here. I'M GETTING OUT. High taxes, not only at face value but what is called here "taxas e taxinhas" which would roughly translate to taxes and "littler" taxes. Here you get taxed like a nordic country with the quality of life and public service efficiency of a third world country. Bureaucracy is shit. The city center of Lisbon is falling apart, a whole avenue and streets in the city center have been given to immigrants, if you go there you won't find a single Portuguese person, it smells like piss and shit, LITERALLY, there's trash and homeless everywhere in the streets there. I know this video is for retirees but, Portugal isn't a place to do any kind of business, the Portuguese mindset is that of a poor, state relying, envious piece of shit that would rather harm themselves if it meant it harmed you as well. Do not come here, just a few hours drive east and you're much better off in Spain.
The Balkans is southern Europe (Serbia, Croatia, Macedonia, Greece) - it is actually a great place to live all in all especially if you have 1.5-2k a month
@@Sam-rr4ekThe weather! 😂. There’s a reason the Irish are known for drinking. Rent is also as expensive as New York lol. I live in Ireland. The only thing I like about it is that it is a laid back country and no political upheavals yet. Tax is also crazy here. Rental income is taxed at 52%, ETFs taxed at 48% etc. Corporate tax though is low compared to other European countries.
My cruise ship stopped at Azores. I want to retire to Azores: Europe's Hawaii. All the benefits of Portugal, ad the benefit of a lower VAT. Also, regular flights. Natural beauty like Hawaii, but without Hawaii's high cost.
we lived there from 1964-69 they made Americans leave after 5 yrs dont think they allow retirement of Americans there many didnt want to leave including us
Albania and Montenegro look a bit depressive in terms of how old the buildings are and the beaches are all rocky… I think that Spain and Greece have a more cheerful and happy vibe. Thanks for this video
After seen it all and being abroad for 22 years, I’ll go back to my home country Romania by next year and probably a house in Colombia. I have family members and friends in Romania, Colombia, UK, Germany and USA.
@@ICXCTSARSLAVY Yes, don’t need to go to the capital. There are many medium size cities with decent life, most of the country is also quite safe in general. Landscapes are amazing, you pick and choose, mountains or seaside in the warm times from April till September, food is really good and people in general are very friendly and welcoming towards foreigners. The minus will be the bureaucracy and the amount of trips you need to take to certain offices to try to sort out something but a lot of them can be done online, now.
@@ICXCTSARSLAVYabsolutely, we have plenty of foreigners from western countries retiring here in Romania! They all deem it as a secure and stable country, with good, natural food and a friendly environment. Cost of living is still also very cheap, with housing prices around 40-150 thousand euros, and rents around 400 to max 1000 euros a month. We have good centralized heating in our cities and overall our quality of life is a steady one :)
@@v.2080 No, many criminals from Albania are coming to the UK as asylum seekers illegally with no paperwork, via France across the sea by people smugglers
Portugal has a plethora of ongoing, SLOW, beaurocratic issues . SEF the immigration/ border department, was scrapped, almost a year ago...AIMA the new department, has 400,000+ applicants, awaiting residence cards, living in limbo. Supermarkets, cars, petrol are all more expensive than other EU countries. Road tolls are very expensive as well. Hospital standards are very hit and miss and private health insurance/ premiums, are not transparent.
True the tolls are high, like Spain. Roads are not good quality either, with many potholes, like the UK. In cities the roads are too narrow, not enough parking. And cobbled, bad for the car
Yes. It can take months and months just to get a permit so you can pay your ejected bill in Lisbon like a normal person. Getting your permit takes even longer because their system is so glacially slow and screwed up.
I live in Portugal and love it but do agree with the difficulty of the language. I’ve been learning it for 2 years and would only say I’m at an A2 level. It is very easy to get by without learning it though but i don’t recommend that strategy
Im living in Ireland for the last 20 years and the weather is bad. You might have 2 months ok weather that’s the max what you get and for the rest you have autumn and it’s so depressing. Corfu in Greece is nice and beautiful but the roads are terrible 14 km it might took you 50 minutes drive
@@zairemorpheus I heard there are five european countries which are the first to, "test," the vxx/digital id passport, and, yes, portugal is one of them.
Like he mentions 2:45 Groceries and basic stuff is not that expensive and I can honestly attest to that. Housing is indeed expensive amongst other things, but people who retire usually have their mortgage behind them, and buying a house(again, not renting) in Ireland is not cheap but not that expensive as well compared to places like the US/Canada.
I am an Irish American and I love the mother land. However; I wouldn’t retire there because of high taxes and the high cost of real estate.
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@@ethancook5705As he alludes to, income tax is rather high for the locals but if you can get non-dom status and optimise your financial affairs accordingly, Ireland can actually be low tax (although it you are Irish yourself and born in Ireland it wouldn’t work for you as you’d be considered domiciled in Ireland). And also if the goal is to retire, there is lower tax for people aged 65 and over). And yes accommodation isn’t cheap vs the southern European counties also mentioned in the video, but if say you’re selling a decent property in a decent US city you can definitely afford to but something decent in Dublin for that money.
I've only been to Greece on this list and from my short experience there, the people were very friendly. And as an American we only knew a few phrases but got by as most folks speak english very well.
Interesting list and ideas and information. Since he talked about Montenegro, what does he think about Slovenia, just up the coast from Montenegro for someone that is retirered.
Yeah, I’m Welsh and after making some cash in US, my ex wife wanted to live in Ireland. Even wetter than Wales, I lasted 9 months and ended up in Monaco.
Interesting how much better the weather is elsewhere, eh? I'm a Norwegian, moved to Bulgaria in 2022 and this year I moved to Georgia. Favoring Georgia for the 1% tax for now. Summer here in Batumi is 28-29 'C almost every single day. Quite bearable, but looking forward to lower temperatures now.
The flip side of the coin is that annual tax is very low. If you own long term, the up front tax is superior. In the US you pay 1% annually for the rest of your life.
You mention patience. I'm reminded of what a wise prophet said..."With patience, you will achieve all things. With impatience, you will achieve all things faster."
I went to the Irish consulate in San Francisco a few years ago, and I was not told this song to dance about how easy of a transition it would be. There were a lot of hoops. There were a lot of requirements. Long story short I’m still in California.
Ireland? Up to 30% of their population is Muslim migrants, a lot of them military aged males. They burn churches down and it will get worse before it gets better. As a Eastern European I can assure any wealthy American that after the novelty of moving to a Eastern European country quickly wears off you will find yourself in a place that isn’t nearly as welcoming as you thought it was and missing a lot of things from back home. You will be bringing with yourself the exact problems that made your home turn undesirable for retirement in first place, to your new home. Sure if you are wealthy enough you can create a bubble, but bubbles pop and do you really want to live in one? Maybe you do, but if you fail to create a bubble at home what makes you think you can create one in a foreign country? . I have followed Andrew for five years now and read his book. He paints a picture for his business but leaves out a lot of pesky little details about the locations he suggests or favors. I know because I’ve lived on three continents with several passports and have traveled probably nearly as much as him.
@@nickb- minimum 150k illegal migrants every year for the past three years.... That number is planned to be increased by the irish government.. Native irish will be minority in 7 years.
I'm in Batumi, Georgia. They have mosques here. No migrants. But about 40-50% of the locals are allegedly Muslim. Can't tell though. I'd rather live in this 50% Muslim place compared to a violent shithole in Western Europe. It only takes a few hundred migrants to make a place unsafe if they're the wrong kind of migrant and local enforcement isn't adequate. Women and simps are destroying the West.
I´m spanish, and it´s getting complicated with the ilegal inmigration, they are violent. Spanish laws are a joke, you can go out to buy bread and when back your house is occupied and the OKUPA has more rights than the owner. I´m in this channel choosing where to move :)
Moving to a small town in France for retirement. Local produce and weekly street markets, lots of walking, healthy climate, great food, wine, and culture! Heaven for me. France wont tax my retirement income (no double taxation). Train to Paris - about 2 hours, direct to CDG airport. High speed trains to everywhere in Europe. What’s not to like! (I do speak French pretty well).
We are Brit ex-pats living in rural Calvados. About an hour from the coast and 2 hours to CDG. We didn't come as retirees (though I am retired now and hubby retires in March) and have a small business helping people relocate and buy/sell houses. We could never have afforded our home in the UK. It is a 17th century half-timbered cottage with an acre of orchards and gardens and no houses nearer than 350 yards. The weather is better. The beaches are pristine. The sense of space is wonderful. While France isn't perfect, the average Brit home-owner can afford a house here which is so much bigger and less hemmed in. We live in a part of France famed for it's beauty and commensurate with the Dorset. That is a big plus.
@@sandytw5229Don’t let that be a dealbreaker. There are lots more vegan options in restaurants than there used to be, fresh fruit and vegetables are excellent and cheap, and staples like beans and rice can be bought everywhere. All major supermarkets carry tofu, soya and nut milk, and vegetable oils and fats, and cruelty-free lines. If all else fails there is online ordering. Twenty years ago there might have been some difficulties, but not now.
Greece has spent a lot of resources in order to digitize the government and reduce bureaucracy. There's still a lot to do, but its vastly better than it was 15 years ago. If you work remotely online, it combines all the stuff you want. A super popular tourist destination with the most vibrant places, friendly people that speak English, lots of ancient spots to visit being the oldest country of Europe, modern tech with fast internet and support for electric cars, the newest and most modern metro trains of Europe, low crime especially outside of the center of Athens and the most amazing food. Real estate is not super cheap, but definitely less expensive than other parts of the world. And last but not least, you wear summer clothes for 9 months per year !
I am just curious how come anyone would consider moving to the Mediterranean Sea area with such a massive migrant crisis (people running to Europe from Africa and the Middle East? I love Greece and Italy, but is it a good idea to settle over there right now?
We're happy to hear that! We'd also be glad to welcome you to the next Nomad Capitalist Live where you can connect with like-minded people who are diversifying their lives internationally: nomadcapitalist.com/live
Sadly the infastuctures remain largely underdeveloped there. Keep fighting corruption and the country will be lifted... also all the systems stuck a lot in the Roma minority
@@kd1405it's better in practically every way than the West but I'm more than glad to have westerners think it sucks. That's how we keep their influence away. But ya roads outside of cities suck. Boohoo. Great reason to give your kids hormones and have your daughter be a whr
Hi all, as a Portuguese person who has lived in many places, I can assure you that you don't have to speak Portuguese. Unless you move to a very remote rural place, everyone speaks English. My sister in law doesn't speak Portuguese and lives happily here in Portugal in Cascais
To think retiring in Spain as a whole ist wrong. There are many places with different vibes and lifestile. For example, the island of Ibiza is the worldwide capital of electronic music, super-rich people and drugs, because it was a hippies-island in the 70'. Marbella in the South is for showing money and luxury but the island of Mallorca is quiet luxury and it's like a German state. The island of Menorca is for rich families who want peace. By the way there are different languages in Spain, so in Ibiza, Mallorca, Menorca, all Cataluña (Barcelona) and Valencian comunity they will speak Catalan. In the North there is the vasc region and they speak vasc, and in the Northwest there is Galicia were they speak a kind of mix between Spanish and Portuguese. One place growing attention is the south of the south, next to Atlantic beaches, next to Chiclana de la Frontera, very quiet, sunny and cheap.
@Corlione - all of Spain speaks Spanish. The regional languages are not a concern. Stay out of Ibiza and Marbella, but there are a lot of places (towns and cities) along the long Costa del Sol and Costa Blanca strip. Cheers from Fl., USA. where the shit show begins on January 20th.
@spacejaime You don't need to teach me about Spain from USA, I'm Spanish. And believe me, you will have difficulties if you don't speak Catalan in Cataluña, I'm from Barcelona.
@@Corlione - yo también soy Español. Tienes la mecha corta. Esta rabieta no es necesaria. En mi ultima visita a Barcelona no tuve ningún problema comunicándome con nadie. Tomate un Xanax!
Retire in European Union or in Europe generally is not a good idea I mean. Europeans will be confronted a lot of social and political problems. I would rather flee from Europe and not hold my wealth there.
@@FromTheBiggining Malaysia, Thailand, Philippines, in that order. People are nice, cost reasonable, access and activity levels all pretty good. Weather sure beats Ireland.
@@briandriscoll1480sounds like you are Irish.😊 I know many people from tropical areas who find places like Ireland to have nice weather. Breathable clean air and moderate temperature.
What about Poland? Especially for someone who lived there for the first 20 years, then moved to Canada for 35 years but does not like Canada anymore. In such case is Poland a good option? The language will not be an issue. Thank you
Nothing has changed, the country is still between Germany and Russia, and others want some too (read: cheap work force, resources, land etc). Plus the country has now a substantial minority of Ukrainian people and the left-wing government executing elites' orders. The country is still beautiful, food is great and people open, but tired with it all, high cost of living included. As far as I remember double income tax applies (upon returning from the UK for instance). Sadly, it's a no for me, but everyone is different...
I moved to Warsaw Poland 5 years ago from Ireland. Will never return to Ireland. Poland is a wonderful place with great people. It's getting a little more expensive but still cheap compared to alot fo Euro countries. I would say most Poles I know don't realise how good they have it.
For the six figure rich people, indeed Monaco or Ireland are options, however, the normal middle class European would go somewhere else to retire. This is my list: 1. Spain 2. Portugal 3. Italy 4. Greece. And the 5th ? I don't have really. Unless you want to torture yourself. What the heck, let's make France 5th. Greetings from the Netherlands.
I guess somewhere with a warm climate with cheap healthy food. How about see if you could live in your RV and work on someone’s farm, could that be an option for you?
I retired in the SE of Ireland from Seattle 4 years ago and never looked back. It is somewhat of a homecoming for me as I was born in Dublin but left as a young child. I think if you have the money to buy a home and have a decent enough monthly income 4k plus and that is living outside Dublin then you’ll be fine financially. Preventive health care is practically non existent and routine care is mediocre even with private health insurance, if you have a terminal illness or an emergency situation the care is excellent. Other services ie. restaurants, tradesmen, transportation just general choices are much less than the US. All that said we still love our life here and have met amazing people who we now call friends. I think it all depends on what’s important to you for us community and culture topped out list and we have that here.
Portugal, 3 years in for the the Golden Visa via investment and I still don't have my appointment for my ID card. In January my advisors submitted a court application to force an appointment, even this process has not moved and the immigration department is on strike again. I pulled out of the NHR element and now have a LTR visa in Thailand a seemless process. Portugal is a mess It is not worth it . .
Where in Greece do you suggest for a great investment, living. I believe in buying in the best place even if it has to be smaller. Great video, thank you.
My fiancé is from the Philippines, we are aware of a process for her to get Spain citizenship in 2 years, and for that reason alone I would consider spending at least a few years of my retirement in this country just for that passport benefit.
I can tell you for a fact, unless you are Japanese and can fluently read and speak, do not. The bureaucracy is mad and there is no path to citizenship. Even residence permits are extremely difficult. Russia? Really?
@@blktauna Of course it has a path to citizenship. Generally 5 years, and then apply for naturalization. Have never really had problems with the bureaucracy. As an employee in Japan, you don't have to do a thing. As a non-employee, well you'll want to outsource most things until you learn the ropes, but that's the same in most countries. As far as getting a residence permit on the basis of starting your own company, you wouldn't want to do that alone (goes without saying). Getting a residence permit is trivial if you've first secured a job and have the prerequisite Bachelor's degree or similar.
I live in Greece and am a retiree. Public services, e. g. Health care, are deteriorating, continuous immigration takes place, the cost of energy is one of the highest in Europe, as well as inflation, and the infrastructure in the beautiful remote areas one sees in photos is very bad. Also, the Govt. keeps changing all the laws, tax laws included, too often, so you may not know where you stand from one day to the next. The people in the country are getting poorer, and guess what that leads to... Also,laws coming from the woke culture are introduced gradually. All this comes from decisions of the EU. Of course, if you are very rich, you might not care about most of the latter... But, what about health care? Unless you live in one of the big cities??
pension, taxed? pension should not be taxed. pension is not income from work, but rather a social benefit from government (even if it's from your own money you paid during your working years). or at least, it is in my country in EU. pension itself was once a tax going into pension funds, which was - not paid to me but paid to people receiving pension currently, and my pension will be paid from people working at the time i have retired (it's quite like a ponzi scheme); and government kept investing those pension funds but it didn't work quite like 401K in US (i actually don't know, only assuming) - it didn't result in increased pension, but rather that money went to other needs of the gov. if such pension would be taxed, that would be really unfair. there are a lot of people receiving pensions - and growing - and they all are avid active voters, but if voting wouldn't help, i can only imagine the chaos they could do if they banded together and would protest it. or, you know, do some other things en masse - anything en masse has a potential to disrupt anything.
Great video. All the points made around are excellent, today's world is changing especially around immigrants, crime and social upheaval. Look at the UK. The consideration around those details should be included
Although Brazil is the only country in S. America that speaks Portuguese, one should take note that Brazil alone is HALF of S. America either by territory or population! Most of the Spanish-speaking countries there are tiny. If the Spanish-speaking country you are in doesn't meet your need, you need to deal with a different bureaucracy when you cross the border. Brazil is big and diverse enough, eg. they have regions that are quite German, that if one region doesn't suit you, move to another region, but you don't need to deal with immigration all over again.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Hi, So we have UAE residents and are based there for tax, we also have properties in France and the UK. We rent out the places in the UK and pay tax on them there, the property in France is a ski chalet, so good for winter and part of the summer. We are looking to keep our tax residency in UAE, we have golden visa so are good indefinitely. We are looking to retire, so plan to spend more time in France and potentially buy another place in a different country to avoid being stung there for tax. Would it be possible to get residency in France or another Schengen country and split between say Tuscany, Val d’isere and Abu Dhabi each being around 4 months per year. We are British passport holders.
Unfortunately, none of those they discussed would be my choice.😬 I’m wondering how Italy would rank, which is a country that would be rather high on my list.
Spain has a 1.5 to 3 percent net wealth tax, depending on region and how much you have. For a well off retirees this will erase any cost of living benefit vs expensive places like California etc
@@voice.of.reason Depends the Autonomous Community, I suggest you consult with professionals there about taxes. Spain is not as regimental as Northern Europe or the States. There are always options.
You may enjoy this video where we reveal citizenship and residence programs in BRICS countries and future BRICS members states: ua-cam.com/video/Cz7GJfYXosI/v-deo.html
Below average U.S. income expats can live it up in Portugal but it is taxable hell for any one with an income over $82k from all sources foreign and domestic.
Good video thanks. I know you hate France (smile) but we are deciding between France and Spain to retire in and purchase a house. Can you address taxes and inheritance tax between the two please. On another note, friends did the golden visa in Greece and said it almost killed them with the bureaucracy so perhaps it differs in regions there.
I do not think retiring in south Europe like Spain, Greece, Italy and Portugal is a good idea. Surely the cost of buying a house must be lower than it used to be, locals are nice, culture is great and much more. However don’t forget the “elites” are trying to destroy our beautiful Europe by importing illegal immigrants and destroying our culture (look at what’s going on in schools and how delayed are kids these days). In terms of immigration, we’re talking hundred of thousands per year. Social unrest will follow, destroying the middle class, small businesses and healthcare... It’s a controlled demolition. I would rather go to South America if I had to move.
I lived in Ireland for a year. Don't kid yourself. If you want to see the sun, it's pretty limited. Winter is a lot of rain. It's famously green for a reason.
We retired from England to Antibes, France. Just do not understand your ideas about France. We pay tax in France. We have joined the medical system and have French driving licenses. It's all straight forward and easy. So in France you can live in a large villa whereas in Monaco it would buy you one room with a toilet.
Portugal is good if you are a Crypto nomad, no CGT on digital assets. Watched an interview with the founder of Unbound Fund in there path to get EU citizenship. You invest through them into Portuguese equities that hold BTC to get a golden visa. Interesting to have a look at, something that is on my radar in the next 5 years hopefully
Try Alderney Island., It’s a British Island, 10 miles from France, Better weather than UK, No VAT, No CGT, No Inheritance Tax, income tax is 20% (tax free allowance around £13k), no corporation tax. Also a max tax cap.
France in my wife and my very specific circumstances will be zero taxes on our income. But we need to do a few things first to ensure that will happen. Plan plan plan!
Don't even come to Ireland. I'm getting out in a few years and moving to Spain. Whatever romantic vision you have of this place is just an mirage. Our government is woke & driven by the EU. Everything is far left & anybody who doesn't agree with them is labelled far right! It's horrifically expensive here, young people need to leave to live! Great golf courses though!
Would you consider making a "Why I'm not moving to ..." series? For example, explain how Japan is cool and all, but their taxes suck. Hence explaining why you're not moving to Japan. Also, you could comment on whether they're business-friendly. Or how about Norway: Again, very high taxes (and weather) including a nasty wealth tax. And if you stay for 10 years, it's going to take you 3 full years to leave their tax net... The benefits of such a video series is that people would be very annoyed, and this would drive some new traffic. I see you already made some episodes along these lines, such as "Why I didn't move to Bali" and "Four reasons I didn't move to Purto Rico" If you ever go to Tokyo, I highly uggesting Ginza on a weekend... "pedestrian heaven"... would make for a perfect scene on UA-cam. I guess it would just be a waste to go there though if you aren't actually planning on planting any flags there. You can't really do much in Japan without a residence permit. It might go something like: "Japan is one of the coolest places in the world, but the taxes frankly could suck a golf ball through a garden hose :-)" The benefit -- and simultaneous problem -- is that millions of Japan lovers would get extremely triggered if you simply disregard their fantasy home. I'm personally a huge Japan fan and fluent in the language, but I can't justify living there because it would cost 30-40% in terms of income tax. That's 40k EUR per year or 3333 EUR per month just for me to exist there. That's not a fair price at all. Engagement and reaching new people ought to be through the roof if you cover Japan. Just my speculations, I don't actually know.
I'm a fan. I am retired, live in Portugal. I am developing a tiny business and don't have a high net worth but it is fun listening to what you have to say.
Thank you!
Andorra ?
Muito bom. Obrigado.
Since Portugal is in Schengen, if one does his visa with Portugal (D7 visa seems very easy for any American retiree to qualify based on Social Security alone), but actually lives elsewhere in Schengen, would the Portuguese government even know? Contrary to the visa by investment program, a D7 visa holder is expected to live in Portugal. I guess their rationale is if one doesn't bring in a big chunk of money on day one, he should at least spend money there all year round.
I live in Greece, returned after over 20 years, living in 3 different countries in Europe and the Middle East and I’m so happy with how much the country has progressed. Great food, weather and amazing service is a given
As an Irishman I left 5 years ago. I go back regularly and Dublin especially is slowly becoming a ghetto. Would not recommend anyone to move there. Outside Dublin is better but government are settling up assylum centres everywhere, so don't be suprised if you see towns full of non irish.
Demography is destiny. Import the third world, become the third world.
Sorry but this is our Plan.
They do the same in Germany. And we did not vote for this.
That's disgusting
@CIA.2024-u9b there are so many jobless Filipinos or Latinos that don't hate our culture, but lobbyists from big companies see just potential human resources, they don't see people and their intentions
I began watching this channel with high hopes 😅💔 a little concerning recommending Ireland - I live here. Weather is not good at all, rains everyday 9 months of the year. Rent affordable? Try an average of 2k€ a month for an ok place… especially by Dublin. This is a place to make money and then leave, not come over. Irish people fleeting left right and centre as soon as they can. You might aswell recommend Canada, it’s nearly the same when it comes to housing and affordability.
Ireland is insanely expensive, even the UK is cheaper. And it rains everyday 12 months of the year. If you are lucky you might get a 2 week dry spell, but that is very unusual
Totally agree, this guy has no credibility. All he cares is about lining up his pockets. Long gone are the days he cared about customers.
@@User12345fan His focus is on the cigar + cognac crowd
I live in Ireland, the weather is terrible. We’re still waiting for summer, it’s 31 August!!!
Batumi, Georgia here... I'm so sick of near-perfect weather, 27-28'C each and every day.
I'll pay you to take some of our weather.
And yea, I really am sick of it. Early morning is fine, the rest of the day kinda sucks.
@@fjorddenierbear4832 Alaska here, temperatures are always around -2 in summer and in winter are around -25. I love it. Would never move.
@@fjorddenierbear4832It rains a lot in Batumi and when it does rain , it rains hard
I hate summer. I wish summer would never happen.
Climate is my number one criteria. I live in San Miguel de Allende Mexico and I have my windows open almost year round. I don't even need a car.
Glad you're loving it there!
Same as Malta 🏖️
@@GOzoRAW air-conditioning is must in Malta.
Sounds like the dream to me man and of course mexican food 😋
I Love San Miguel de Allende. As I read the comments I can only think of SMA as my best choice- ❤
Dude lived in Ireland for 5 years it rained almost every day!
It actually rarely rains in Dublin.
True, it’s the driest place in Ireland
""Dublin, which receives 683 mm (26.89 in) of rain per year, on average. The weather station with the highest number of "wet days" is Belmullet, with 193 days per year, while the station with the lowest number of "wet days" is Dublin Airport, with 128 days per year."
It’s the constant cloudy grey skies that drive you mad, it’s not just about rain.
@JByrne doesn’t know what he’s talking about
It would be great to have more budget-friendly options. Not all of us are business owners and most of us have pretty regular jobs/salaries.
it’s been said and known that’s not the audience this channel targets. there’s so many youtube accounts that share places to move on a smaller budget. just search it up.
Old joke - I went to Ireland foe a week and it only rained twice.
Once for four days and once for three.
Beautiful country.
Regarding Ireland. You mention the weather being "better than you'd imagine". The weather in Ireland is generally colder, wetter and cloudier than England.
Worse WEATHER than England that is bad 😂
It is, even in Dublin, terrible. Even worse outside Dublin. But Dublin is expensive and full of migrants
At 50 I moved out of California and came to a city in Mediterranean Spain Alicante . Still perfect for retirement ! Thing is I’m not retired ! Affordable great health insurance and food !
If you have 7 figures, the wealth tax will raise the cost of living will be higher than California.
Turned 60 now and moving to Alicante-trying to figure out which area might be best. Any recommendations? Thanks….
I used to live there, 30 years ago. The beach high rises are so ugly
@@O1012-u7qeven if your assets are held in a company not your personal name?
This is a channel for six figure folks. Folks not afraid of high property prices either to rent or buy.
not necessarily if you are skilled, talented and creative that is where your greater opportunity comes from. It is plenty of retirees from America and Canada retired in The Philippines and even some young Americans from America living long term in The Philippines, and they all went there with average money. Most of them have started their own businesses, they figured what The Philippines was lacking and or what a lot of local people were demanding and are meeting their demands and satisfying their interest and now some of them are making a couple hundred U.S dollars a day. I tell people this all the time when it comes to Asian countries and Middle Eastern countries even in small European countries you don't need a lot of money, your skills, talent, knowledge and creativity can be the solution to create the opportunities that you want for yourself. I remember in one of Andrew videos when he told us he used to work at a restaurant in The United States a long time ago so it isn't always about the money with some people greater amounts of money comes sooner and quicker than others for those that it doesn't you will have to utilize your own skills, talent, knowledge and become more creative to get the outcome that you want out of life.
Even with 6 figures Ireland is not that affordable at all especially if coming from weaker currency. Very bad advice.
@@jamalgreen3056 The Philippines is very cheap, but the heat and humidity is brutal. It's a good place for a remote worker to live and save money, or a retiree who has a fixed income, provided they can tolerate the cultural and environmental differences which can be challenging. The scenery and beaches are beautiful and you only need to wear a jacket when riding on the air conditioned buses.
High six figures
If it’s that kind of channel, put it on the title, to retire for rich people so we don’t look.
I was in Greece years ago and I found it was easier to find someone who could talk German than English. That worked for me since I can talk conversational German.
Portugal is maxed out so far as housing options are concerned, the SEF immigration arm crashed about a year ago and everyone on the site lost their position for residency. PT has peaked
Lost their position for residency? Meaning their status was cancelled?
Since Portugal is in the Schengen zone, if you do your paper there and live elsewhere in Schengen instead, who would even know? My understanding of the Portuguese D7 visa program is that just about any American retiree can easily qualify with their Social Security alone.
What are you talking about? Are you even here???
I’ve no problem getting my residency under D7.
@@NOS-y8f Had to go back to US abd restart process. Which takes about a year. I left abd started elsewhere not worth it
Portugal WAS a viable option, the biggest gripe is that it became so popular because of its low cost of living, affordable housing that it became a problem for the population. I have co-workers and friends in Portugal, and the natives can no longer afford housing, it went from a regular 100K usd home price to 400K for a hole-in-the-wall over 10 years. This made the population recent the influx of a new population rather than the welcoming nature of the Portugese citizen. Salaries are still low there, which makes it a very attractive place to move your business to, but the housing cost and rising cost of living is a problem. For a country with a lot of sun-hours you'd belive they'd have an excellent electrical infrastructure, but no - the rules and regulations makes everything cumbersome and you'll find electricity being very expensive there as well.
I’m originally from Lisbon but currently living in one of the most expensive cities in Switzerland. Surprisingly, the actual cost of living here, just 20 minutes from the city center, is lower than in my hometown. I’m now considering some bizarre options, such as working in Portugal on high paying temporary contracts as the local workforce being driven out, while maintaining a permanent home on the outskirts of Geneva. Interesting times indeed
@@Gold.Circle. sounds like you are for Tampa Florida as it is set up for swingers
PRices went up in many places over the last few years. There is a general housing shortage "everywhere".
@@Gold.Circle.you know nothing
Also infestation of Z Russians. Not [all] of the Russians who are there now are bad people, but a majority are just as preposessing and arrogant as the occasion of Ukraine demonstrates.
Malta is English speaking due to being a former UK colony. It has the Mediterranean climate and lots of food variety. For later in life there are assisted living facilities, something which is not found in most other European countries. Not that hard to qualify for residence. Another surprising possibility is Switzerland for non-lucrative visa long term residence. Not too hard to qualify financially if you have above ~ $3,900/mo. passive income. The kicker is high cost of real estate, but the payoff is some of the best quality of life on planet earth, and English is almost universally understood and spoken. My #1 choice.
I work in Malta every winter for around 7 months and have done since 2012 and while it used to be somewhere I would have considered for retirement it wouldn't even factor into the equation anymore. An overheated property market, crazy levels of immigration, rising crime and overcrowding/traffic and very little in terms of biodiversity/outdoors things to do other than go to the beach due to it's small size make it somewhere that I feel would become claustrophobic in a very short space of time. Not to mention it's one of the most corrupt countries in the EU. I have a home in Portugal and while the comments regarding bureacracy are on point (it's a nightmare) and taxes aren't the lowest I balance that against the low cost of living, the wide varieties of natural environments to enjoy, the very friendly people and low cost of housing if you look outside the major cities/ex pat areas and it still ranks as somewhere that's worth retiring too, particularly if you enjoy a simple, quiet life away from the excesses of modern western culture.
Have you been to the green isle lately? It has changed dramatically. You can't talk about it though...
A new 'plantation'.
It's not green anymore.
Sinister goings on 😢
Ireland : great friendly people, great landscape especially the West coast. The country's population is changing quickly. Might not be the same in 10y time.
Monaco : id rather live somewhere else in the Cote d Azure or in Provence.
Greece : great but too hot in summer.
Monaco, too expensive
Ireland , I like the idea I think I’d have to get away from the gloomy weather for short time during the winter perhaps in Greece
Greece is too hot for me in the summer, but I like the food and the people and I don’t mind earning the alphabet which I’ve learned and learning more language, even though I’m older. :).
I should also write that Monaco , too crowded and lively with events, don’t mind going to events sometimes, but not quite so often.
Ireland needs to "nip" it and not lose their culture.
"changing population" = muslums?
Ireland is overwhelmed with immigrants
The EU is becoming a cesspit. East Europe and the south are ok. The Balkans look good too.
I personally rate the Mediterranean parts, Spain, Portugal and Greece, and I also think that Romania, Croatia, Slovenia, Montenegro, Albania, Hungary and Bulgaria are decent places.
Cyprus 🇨🇾
Gets forgotten. Surprised Andrew didn’t mention!
Portugal is a shithole, I was born and grew up here. I'M GETTING OUT. High taxes, not only at face value but what is called here "taxas e taxinhas" which would roughly translate to taxes and "littler" taxes. Here you get taxed like a nordic country with the quality of life and public service efficiency of a third world country. Bureaucracy is shit. The city center of Lisbon is falling apart, a whole avenue and streets in the city center have been given to immigrants, if you go there you won't find a single Portuguese person, it smells like piss and shit, LITERALLY, there's trash and homeless everywhere in the streets there. I know this video is for retirees but, Portugal isn't a place to do any kind of business, the Portuguese mindset is that of a poor, state relying, envious piece of shit that would rather harm themselves if it meant it harmed you as well. Do not come here, just a few hours drive east and you're much better off in Spain.
The Balkans is southern Europe (Serbia, Croatia, Macedonia, Greece) - it is actually a great place to live all in all especially if you have 1.5-2k a month
Spain was a grstapo concentration camp in "Cvid".
Affordability was seldom discussed but is an important consideration for many.
You might be watching the wrong channel. The target group is wealthy people here.
I’ve been to many countries and Ireland was the one place I immediately knew I’ll never go back to. Not a single thing I liked about it.
Fortunately there are lots of other places to go!
Same here!!!
What was so bad with ireland?
@@Sam-rr4ekThe weather! 😂. There’s a reason the Irish are known for drinking. Rent is also as expensive as New York lol. I live in Ireland. The only thing I like about it is that it is a laid back country and no political upheavals yet. Tax is also crazy here. Rental income is taxed at 52%, ETFs taxed at 48% etc. Corporate tax though is low compared to other European countries.
😂
My cruise ship stopped at Azores. I want to retire to Azores: Europe's Hawaii. All the benefits of Portugal, ad the benefit of a lower VAT. Also, regular flights. Natural beauty like Hawaii, but without Hawaii's high cost.
we lived there from 1964-69
they made Americans leave after 5 yrs
dont think they allow retirement of Americans there
many didnt want to leave including us
Albania and Montenegro look a bit depressive in terms of how old the buildings are and the beaches are all rocky… I think that Spain and Greece have a more cheerful and happy vibe. Thanks for this video
sneako and zerkha was in Albania recently and it looks depressing
Tirana The capital of Albania is very modern
Not all beaches are rocky in Montenegro. Check Ulcinj small and great beach-12km long.
Albania is the bomb. So good
I can't stand glass buildings
After seen it all and being abroad for 22 years, I’ll go back to my home country Romania by next year and probably a house in Colombia. I have family members and friends in Romania, Colombia, UK, Germany and USA.
Good luck!
Would you recommend Romania as a retirement destination? Smaller town, perhaps?
@@ICXCTSARSLAVY Yes, don’t need to go to the capital. There are many medium size cities with decent life, most of the country is also quite safe in general. Landscapes are amazing, you pick and choose, mountains or seaside in the warm times from April till September, food is really good and people in general are very friendly and welcoming towards foreigners. The minus will be the bureaucracy and the amount of trips you need to take to certain offices to try to sort out something but a lot of them can be done online, now.
@@nomadcapitalist Have you covered Romania as a retirement place?
@@ICXCTSARSLAVYabsolutely, we have plenty of foreigners from western countries retiring here in Romania! They all deem it as a secure and stable country, with good, natural food and a friendly environment. Cost of living is still also very cheap, with housing prices around 40-150 thousand euros, and rents around 400 to max 1000 euros a month. We have good centralized heating in our cities and overall our quality of life is a steady one :)
Albania was mentioned, wel it recently gets popular amongst Belgian tourists. Very cheap for the moment, but that surely won't last.
Can you tell me more?
@@Sam-rr4ek Albania as it goes through the EU finacial system and as a EU member the cost of living will rise.
Aren't illegal immigrants being sent there from Italy or another nearby country?
@@v.2080 No, many criminals from Albania are coming to the UK as asylum seekers illegally with no paperwork, via France across the sea by people smugglers
Portugal has a plethora of ongoing, SLOW, beaurocratic issues .
SEF the immigration/ border department, was scrapped, almost a year ago...AIMA the new department, has 400,000+ applicants, awaiting residence cards, living in limbo.
Supermarkets, cars, petrol are all more expensive than other EU countries. Road tolls are very expensive as well.
Hospital standards are very hit and miss and private health insurance/ premiums, are not transparent.
True the tolls are high, like Spain. Roads are not good quality either, with many potholes, like the UK. In cities the roads are too narrow, not enough parking. And cobbled, bad for the car
Yes. It can take months and months just to get a permit so you can pay your ejected bill in Lisbon like a normal person. Getting your permit takes even longer because their system is so glacially slow and screwed up.
Please research exactly what is going on in Ireland at the moment - they are quite literally being replaced.
I live in Portugal and love it but do agree with the difficulty of the language. I’ve been learning it for 2 years and would only say I’m at an A2 level. It is very easy to get by without learning it though but i don’t recommend that strategy
Im living in Ireland for the last 20 years and the weather is bad. You might have 2 months ok weather that’s the max what you get and for the rest you have autumn and it’s so depressing.
Corfu in Greece is nice and beautiful but the roads are terrible 14 km it might took you 50 minutes drive
Ireland is in chaos right now. Portugal listens to everything the W.H.O. and have gotten really expensive.
Portugal...the portuguese are big-time compliers. Ireland , a no, for many, many reasons.
@@starfishoffersthis BIG TIME!! They're starting Vax passports out there. Not too mention the European union inflation is getting worse.
@@zairemorpheus I heard there are five european countries which are the first to, "test," the vxx/digital id passport, and, yes, portugal is one of them.
Wow i didnt know portugal qould be so easy to force the vaxx and digital id passports on
@@Sam-rr4ek Yes, the country was totalitarian until the seventies...perhaps it's in the DNA.
Ireland is one of the most expensive countries in Europe.
Like he mentions 2:45
Groceries and basic stuff is not that expensive and I can honestly attest to that.
Housing is indeed expensive amongst other things, but people who retire usually have their mortgage behind them, and buying a house(again, not renting) in Ireland is not cheap but not that expensive as well compared to places like the US/Canada.
I am an Irish American and I love the mother land. However; I wouldn’t retire there because of high taxes and the high cost of real estate.
@@ethancook5705As he alludes to, income tax is rather high for the locals but if you can get non-dom status and optimise your financial affairs accordingly, Ireland can actually be low tax (although it you are Irish yourself and born in Ireland it wouldn’t work for you as you’d be considered domiciled in Ireland). And also if the goal is to retire, there is lower tax for people aged 65 and over). And yes accommodation isn’t cheap vs the southern European counties also mentioned in the video, but if say you’re selling a decent property in a decent US city you can definitely afford to but something decent in Dublin for that money.
keeps them Britts out......
are they driving up real estate prices?
I've only been to Greece on this list and from my short experience there, the people were very friendly. And as an American we only knew a few phrases but got by as most folks speak english very well.
You have not addressed the quality or cost of medical care which is of major importance to retirees.
I live in France. The healthcare is far superior to that of the UK. It is affordable and flexible. Dental care particularly is very good.
@@lechatel I can confer with that, but there are too many immigrants there of the 'religion of peace'
@@voice.of.reason Indeed. But France is a much bigger country and they tend to be in concentrated pockets.
Interesting list and ideas and information. Since he talked about Montenegro, what does he think about Slovenia, just up the coast from Montenegro for someone that is retirered.
Some of the places you have recommended in the past seem to be poised for revolution.
Ireland is desperate, I’m Irish & I left!!!
I came back last year to love... I am currently planning my exit. It has gone to shit
Yeah, I’m Welsh and after making some cash in US, my ex wife wanted to live in Ireland. Even wetter than Wales, I lasted 9 months and ended up in Monaco.
Interesting how much better the weather is elsewhere, eh?
I'm a Norwegian, moved to Bulgaria in 2022 and this year I moved to Georgia.
Favoring Georgia for the 1% tax for now. Summer here in Batumi is 28-29 'C almost every single day.
Quite bearable, but looking forward to lower temperatures now.
Portugal has a whopping 6% transfer tax when you buy a property there, so definitely a no go for me
Belize is 8% ouch !
Spain 7 %
Singapore has entered the chat.
The flip side of the coin is that annual tax is very low. If you own long term, the up front tax is superior. In the US you pay 1% annually for the rest of your life.
Screw that!!!
You mention patience. I'm reminded of what a wise prophet said..."With patience, you will achieve all things. With impatience, you will achieve all things
faster."
Ireland is an appalling choice for too many reasons to list.
You are so right! The food, the housing options, the constant cold rain, the mentality, the drunkenness.
@@starfishoffersthis Not to mention the fascist government.
Weather also sucks…and it’s hard to even find an Irishmen these days…
It's a hellhole full of non-Irish leprechauns!
I love muslim nations but they usually have better weather.
I went to the Irish consulate in San Francisco a few years ago, and I was not told this song to dance about how easy of a transition it would be. There were a lot of hoops. There were a lot of requirements. Long story short I’m still in California.
We recently met our client who moved to Ireland and told us how easy it was with our help: www.nomadcapitalist.com/apply/
Ireland? Up to 30% of their population is Muslim migrants, a lot of them military aged males. They burn churches down and it will get worse before it gets better. As a Eastern European I can assure any wealthy American that after the novelty of moving to a Eastern European country quickly wears off you will find yourself in a place that isn’t nearly as welcoming as you thought it was and missing a lot of things from back home. You will be bringing with yourself the exact problems that made your home turn undesirable for retirement in first place, to your new home. Sure if you are wealthy enough you can create a bubble, but bubbles pop and do you really want to live in one? Maybe you do, but if you fail to create a bubble at home what makes you think you can create one in a foreign country? . I have followed Andrew for five years now and read his book. He paints a picture for his business but leaves out a lot of pesky little details about the locations he suggests or favors. I know because I’ve lived on three continents with several passports and have traveled probably nearly as much as him.
Uh, no. About 2% of the Irish population is Muslim, not 30%.
@@nickb-what is the most popular name for newborn boys there? When you know the answer, you will know a lot!
@@nickb- minimum 150k illegal migrants every year for the past three years.... That number is planned to be increased by the irish government.. Native irish will be minority in 7 years.
I'm in Batumi, Georgia. They have mosques here. No migrants. But about 40-50% of the locals are allegedly Muslim. Can't tell though.
I'd rather live in this 50% Muslim place compared to a violent shithole in Western Europe. It only takes a few hundred migrants to make a place unsafe if they're the wrong kind of migrant and local enforcement isn't adequate. Women and simps are destroying the West.
@@wavemastery1786 Another... Mohammed 😂
Ireland is a no due to recent issues.
I´m spanish, and it´s getting complicated with the ilegal inmigration, they are violent. Spanish laws are a joke, you can go out to buy bread and when back your house is occupied and the OKUPA has more rights than the owner. I´m in this channel choosing where to move :)
Moving to a small town in France for retirement. Local produce and weekly street markets, lots of walking, healthy climate, great food, wine, and culture! Heaven for me. France wont tax my retirement income (no double taxation). Train to Paris - about 2 hours, direct to CDG airport. High speed trains to everywhere in Europe. What’s not to like! (I do speak French pretty well).
Yeah, the train to Paris lasts 2 hours but the SNCF strike lasts 36 days.
We are Brit ex-pats living in rural Calvados. About an hour from the coast and 2 hours to CDG. We didn't come as retirees (though I am retired now and hubby retires in March) and have a small business helping people relocate and buy/sell houses. We could never have afforded our home in the UK. It is a 17th century half-timbered cottage with an acre of orchards and gardens and no houses nearer than 350 yards. The weather is better. The beaches are pristine. The sense of space is wonderful. While France isn't perfect, the average Brit home-owner can afford a house here which is so much bigger and less hemmed in. We live in a part of France famed for it's beauty and commensurate with the Dorset. That is a big plus.
I’d like to consider France but being vegan I don’t think it would be easy for me to fit in 😢
@@sandytw5229Don’t let that be a dealbreaker. There are lots more vegan options in restaurants than there used to be, fresh fruit and vegetables are excellent and cheap, and staples like beans and rice can be bought everywhere. All major supermarkets carry tofu, soya and nut milk, and vegetable oils and fats, and cruelty-free lines. If all else fails there is online ordering. Twenty years ago there might have been some difficulties, but not now.
Greece has spent a lot of resources in order to digitize the government and reduce bureaucracy. There's still a lot to do, but its vastly better than it was 15 years ago. If you work remotely online, it combines all the stuff you want. A super popular tourist destination with the most vibrant places, friendly people that speak English, lots of ancient spots to visit being the oldest country of Europe, modern tech with fast internet and support for electric cars, the newest and most modern metro trains of Europe, low crime especially outside of the center of Athens and the most amazing food. Real estate is not super cheap, but definitely less expensive than other parts of the world. And last but not least, you wear summer clothes for 9 months per year !
This is great information Andrew. 👋🏼👋🏼 Thank you for your sharing time with us all.
Cheers from 2 Canadians 🇨🇦 living in Mexico. 🇲🇽✌🏼🥰
I love that she zones in on the key points that I may ask
I am just curious how come anyone would consider moving to the Mediterranean Sea area with such a massive migrant crisis (people running to Europe from Africa and the Middle East?
I love Greece and Italy, but is it a good idea to settle over there right now?
Don’t Most of the migrants go further north such as to Germany, France in the UK?
@@enjoystraveling currently yes, but the show has just started by the look of it...
Retired in Park City, UT, and the South of France. Couldn't be happier.
We're happy to hear that! We'd also be glad to welcome you to the next Nomad Capitalist Live where you can connect with like-minded people who are diversifying their lives internationally: nomadcapitalist.com/live
What are your thoughts on Romania?
Get real.
Oh. No.
Sadly the infastuctures remain largely underdeveloped there. Keep fighting corruption and the country will be lifted... also all the systems stuck a lot in the Roma minority
@@kd1405it's better in practically every way than the West but I'm more than glad to have westerners think it sucks. That's how we keep their influence away.
But ya roads outside of cities suck. Boohoo. Great reason to give your kids hormones and have your daughter be a whr
Hi all, as a Portuguese person who has lived in many places, I can assure you that you don't have to speak Portuguese. Unless you move to a very remote rural place, everyone speaks English. My sister in law doesn't speak Portuguese and lives happily here in Portugal in Cascais
Cascais is full of expats. Many Portuguese are not happy when you can't speak Portuguese. I think people are getting fed up with all the immigration.
To think retiring in Spain as a whole ist wrong. There are many places with different vibes and lifestile. For example, the island of Ibiza is the worldwide capital of electronic music, super-rich people and drugs, because it was a hippies-island in the 70'. Marbella in the South is for showing money and luxury but the island of Mallorca is quiet luxury and it's like a German state. The island of Menorca is for rich families who want peace. By the way there are different languages in Spain, so in Ibiza, Mallorca, Menorca, all Cataluña (Barcelona) and Valencian comunity they will speak Catalan. In the North there is the vasc region and they speak vasc, and in the Northwest there is Galicia were they speak a kind of mix between Spanish and Portuguese.
One place growing attention is the south of the south, next to Atlantic beaches, next to Chiclana de la Frontera, very quiet, sunny and cheap.
@Corlione - all of Spain speaks Spanish. The regional languages are not a concern. Stay out of Ibiza and Marbella, but there are a lot of places (towns and cities) along the long Costa del Sol and Costa Blanca strip. Cheers from Fl., USA. where the shit show begins on January 20th.
@spacejaime You don't need to teach me about Spain from USA, I'm Spanish. And believe me, you will have difficulties if you don't speak Catalan in Cataluña, I'm from Barcelona.
@@Corlione - yo también soy Español. Tienes la mecha corta. Esta rabieta no es necesaria. En mi ultima visita a Barcelona no tuve ningún problema comunicándome con nadie. Tomate un Xanax!
Retire in European Union or in Europe generally is not a good idea I mean.
Europeans will be confronted a lot of social and political problems. I would rather flee from Europe and not hold my wealth there.
I probably go a vacation to Greece and buy a small lodge, but rather live South East Asia, where open more opportunities for foreign retirees.
What country would you advise?
@@FromTheBiggining Malaysia, Thailand, Philippines, in that order. People are nice, cost reasonable, access and activity levels all pretty good. Weather sure beats Ireland.
Retiring in Europe is a good idea - working is a different thing.
@@briandriscoll1480sounds like you are Irish.😊 I know many people from tropical areas who find places like Ireland to have nice weather. Breathable clean air and moderate temperature.
What about Poland?
Especially for someone who lived there for the first 20 years, then moved to Canada for 35 years but does not like Canada anymore. In such case is Poland a good option? The language will not be an issue. Thank you
Nothing has changed, the country is still between Germany and Russia, and others want some too (read: cheap work force, resources, land etc).
Plus the country has now a substantial minority of Ukrainian people and the left-wing government executing elites' orders.
The country is still beautiful, food is great and people open, but tired with it all, high cost of living included.
As far as I remember double income tax applies (upon returning from the UK for instance).
Sadly, it's a no for me, but everyone is different...
I moved to Warsaw Poland 5 years ago from Ireland. Will never return to Ireland. Poland is a wonderful place with great people. It's getting a little more expensive but still cheap compared to alot fo Euro countries. I would say most Poles I know don't realise how good they have it.
NOMAD C., always so well spoken with excellent structured concepts and ideas.
can you do a videon on Mauritius 🇲🇺?
For the six figure rich people, indeed Monaco or Ireland are options, however, the normal middle class European would go somewhere else to retire.
This is my list: 1. Spain 2. Portugal 3. Italy 4. Greece. And the 5th ? I don't have really. Unless you want to torture yourself.
What the heck, let's make France 5th. Greetings from the Netherlands.
How are things in the netherlands?
@@Sam-rr4ek ? In what regard ? Which things are you referring to ?
@@reneket2295 I think he meant in general
Andrew have you done a show on Vanuatu please let me know thanks great show…
Have you seen this video: ua-cam.com/video/Puq0K-mEh7U/v-deo.html
Ireland is miserable weather
Andtew, what's the best place to retire as homeless? In an RV, Van or in a car? Thank you very much😊
I prefer a van down by the river, on the outscurts of the city.
I guess somewhere with a warm climate with cheap healthy food. How about see if you could live in your RV and work on someone’s farm, could that be an option for you?
I don't know, garbage container I heard.
I retired in the SE of Ireland from Seattle 4 years ago and never looked back. It is somewhat of a homecoming for me as I was born in Dublin but left as a young child. I think if you have the money to buy a home and have a decent enough monthly income 4k plus and that is living outside Dublin then you’ll be fine financially. Preventive health care is practically non existent and routine care is mediocre even with private health insurance, if you have a terminal illness or an emergency situation the care is excellent. Other services ie. restaurants, tradesmen, transportation just general choices are much less than the US. All that said we still love our life here and have met amazing people who we now call friends. I think it all depends on what’s important to you for us community and culture topped out list and we have that here.
Portugal, 3 years in for the the Golden Visa via investment and I still don't have my appointment for my ID card. In January my advisors submitted a court application to force an appointment, even this process has not moved and the immigration department is on strike again.
I pulled out of the NHR element and now have a LTR visa in Thailand a seemless process.
Portugal is a mess
It is not worth it . .
I am considering to retire either in Colombia or Argentina.... which would you recommend?
Uruguay or paraguay
Where in Greece do you suggest for a great investment, living. I believe in buying in the best place even if it has to be smaller. Great video, thank you.
Look into areas like Glyfada, Kavouri, Kolonaki, Kifissia
My fiancé is from the Philippines, we are aware of a process for her to get Spain citizenship in 2 years, and for that reason alone I would consider spending at least a few years of my retirement in this country just for that passport benefit.
Spain and the Philippines both have lechon. Yum! 😋
You're always informative and gracious, Andrew. But you never discuss Russia, Japan, Croatia, Slovenia. How about a quick pro/con on these?
I can tell you for a fact, unless you are Japanese and can fluently read and speak, do not. The bureaucracy is mad and there is no path to citizenship. Even residence permits are extremely difficult. Russia? Really?
Thanks for the suggestion!
@@blktauna Of course it has a path to citizenship. Generally 5 years, and then apply for naturalization. Have never really had problems with the bureaucracy. As an employee in Japan, you don't have to do a thing. As a non-employee, well you'll want to outsource most things until you learn the ropes, but that's the same in most countries.
As far as getting a residence permit on the basis of starting your own company, you wouldn't want to do that alone (goes without saying). Getting a residence permit is trivial if you've first secured a job and have the prerequisite Bachelor's degree or similar.
@@blktauna If you are young to middle aged man, Russia is NOT for you, unless you are ok with being drafted and sent to the front.
Cold wind and rain 6 months of year Ireland.
Crazy rent ,
Sport and fitness is huge
Who likes cold rainy weather no way.
I live in Greece and am a retiree. Public services, e. g. Health care, are deteriorating, continuous immigration takes place, the cost of energy is one of the highest in Europe, as well as inflation, and the infrastructure in the beautiful remote areas one sees in photos is very bad. Also, the Govt. keeps changing all the laws, tax laws included, too often, so you may not know where you stand from one day to the next. The people in the country are getting poorer, and guess what that leads to... Also,laws coming from the woke culture are introduced gradually. All this comes from decisions of the EU. Of course, if you are very rich, you might not care about most of the latter... But, what about health care? Unless you live in one of the big cities??
what do you think about Switzerland?
If Greece ( Grexited ) that would be an option but for me while under EU control am not a fan but am very keen to vacate the UK for obvious reasons
pension, taxed? pension should not be taxed. pension is not income from work, but rather a social benefit from government (even if it's from your own money you paid during your working years). or at least, it is in my country in EU.
pension itself was once a tax going into pension funds, which was - not paid to me but paid to people receiving pension currently, and my pension will be paid from people working at the time i have retired (it's quite like a ponzi scheme); and government kept investing those pension funds but it didn't work quite like 401K in US (i actually don't know, only assuming) - it didn't result in increased pension, but rather that money went to other needs of the gov.
if such pension would be taxed, that would be really unfair. there are a lot of people receiving pensions - and growing - and they all are avid active voters, but if voting wouldn't help, i can only imagine the chaos they could do if they banded together and would protest it. or, you know, do some other things en masse - anything en masse has a potential to disrupt anything.
Great video. All the points made around are excellent, today's world is changing especially around immigrants, crime and social upheaval. Look at the UK. The consideration around those details should be included
Although Brazil is the only country in S. America that speaks Portuguese, one should take note that Brazil alone is HALF of S. America either by territory or population! Most of the Spanish-speaking countries there are tiny. If the Spanish-speaking country you are in doesn't meet your need, you need to deal with a different bureaucracy when you cross the border. Brazil is big and diverse enough, eg. they have regions that are quite German, that if one region doesn't suit you, move to another region, but you don't need to deal with immigration all over again.
1 - Florida (Ave Maria)
2 - Panama (Panama City)
3 - Brazil (Balneário Camboriú)
Balneário Camboriú is just a vacation spot. I would choose Florianopolis over that.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Hi,
So we have UAE residents and are based there for tax, we also have properties in France and the UK. We rent out the places in the UK and pay tax on them there, the property in France is a ski chalet, so good for winter and part of the summer.
We are looking to keep our tax residency in UAE, we have golden visa so are good indefinitely. We are looking to retire, so plan to spend more time in France and potentially buy another place in a different country to avoid being stung there for tax.
Would it be possible to get residency in France or another Schengen country and split between say Tuscany, Val d’isere and Abu Dhabi each being around 4 months per year. We are British passport holders.
Unfortunately, none of those they discussed would be my choice.😬 I’m wondering how Italy would rank, which is a country that would be rather high on my list.
Spain has a 1.5 to 3 percent net wealth tax, depending on region and how much you have. For a well off retirees this will erase any cost of living benefit vs expensive places like California etc
For individuals with a worth net of 3 to 3.25 millions. Please disclose the whole information
@@louaceveu1925it starts a lot lower than that. Anyhow that’s not much, considering this channel is aimed at “7 to 8 figure entrepreneurs”.
@@O1012-u7q I will answer to you in Spanish that describes you and this guy very well "Dime de que presumes y te dire de que careces"
Taxes in Spain are just too high and it starts at the bottom end
@@voice.of.reason Depends the Autonomous Community, I suggest you consult with professionals there about taxes. Spain is not as regimental as Northern Europe or the States. There are always options.
Monaco would be nice but I'm not a high roller lol.....I'd go for Ireland or MonteNegro.
Have you considered exploring locations in BRICS or potential BRICS nations?
I enjoy the channel as it’s refreshingly thought provoking, thank you.
You may enjoy this video where we reveal citizenship and residence programs in BRICS countries and future BRICS members states: ua-cam.com/video/Cz7GJfYXosI/v-deo.html
What about Albania?
Muslim country, backward mentality.
Below average U.S. income expats can live it up in Portugal but it is taxable hell for any one with an income over $82k from all sources foreign and domestic.
Great channel! Just found you and watching your videos!
She asks good questions
Good video thanks. I know you hate France (smile) but we are deciding between France and Spain to retire in and purchase a house. Can you address taxes and inheritance tax between the two please. On another note, friends did the golden visa in Greece and said it almost killed them with the bureaucracy so perhaps it differs in regions there.
You're better off to retire in uruguay or paraguay
Georgia (yeah country)!
I do not think retiring in south Europe like Spain, Greece, Italy and Portugal is a good idea. Surely the cost of buying a house must be lower than it used to be, locals are nice, culture is great and much more.
However don’t forget the “elites” are trying to destroy our beautiful Europe by importing illegal immigrants and destroying our culture (look at what’s going on in schools and how delayed are kids these days). In terms of immigration, we’re talking hundred of thousands per year. Social unrest will follow, destroying the middle class, small businesses and healthcare... It’s a controlled demolition. I would rather go to South America if I had to move.
You can’t have a one world government with closed borders
Same in the US, but it's millions every year. Unsustainable and collapse is inevitable.
Orania, looks cool 😂
Hitler tried to warn us.
I lived in Ireland for a year. Don't kid yourself. If you want to see the sun, it's pretty limited. Winter is a lot of rain. It's famously green for a reason.
Keep the europe content coming 🔥👌
More content is waiting for you on our R&D channel: www.youtube.com/@NomadCapitalistRD
We retired from England to Antibes, France. Just do not understand your ideas about France. We pay tax in France. We have joined the medical system and have French driving licenses. It's all straight forward and easy. So in France you can live in a large villa whereas in Monaco it would buy you one room with a toilet.
There are 252 sovereign countries and territories in the world. You just compared two.
he doen't like France.
@@nomadcapitalist … 252 sovereign countries and territories but the question in your video was the best places to retire in Europe, though.
Can’t blame him for hating France. So many better options in Europe or in other parts of the world if you have capital
But you wouldn't be living in an elitist principality.
Is language barrier a problem. Montenegro looks enticing but I am worried about the language barrier.
Portugal is good if you are a Crypto nomad, no CGT on digital assets. Watched an interview with the founder of Unbound Fund in there path to get EU citizenship. You invest through them into Portuguese equities that hold BTC to get a golden visa. Interesting to have a look at, something that is on my radar in the next 5 years hopefully
what about iceland, any idea how that is like?
Cold, no trees, expensive (alcohol especially), and rather isolated but overally safe and beautiful.
@@AZAWAartist there are some trees in a few areas, but I agree with you about all the other things.
@@AZAWAartist thanks for the reply, all i hear is that its a safe place to live. i dont hear much about the cons
Cold & expensive
Try Alderney Island.,
It’s a British Island, 10 miles from France,
Better weather than UK,
No VAT, No CGT, No Inheritance Tax, income tax is 20% (tax free allowance around £13k), no corporation tax. Also a max tax cap.
France in my wife and my very specific circumstances will be zero taxes on our income. But we need to do a few things first to ensure that will happen. Plan plan plan!
Andrew, what do you think of Malta?
Don't even come to Ireland. I'm getting out in a few years and moving to Spain. Whatever romantic vision you have of this place is just an mirage. Our government is woke & driven by the EU. Everything is far left & anybody who doesn't agree with them is labelled far right! It's horrifically expensive here, young people need to leave to live! Great golf courses though!
same on Scotland
Would you consider making a "Why I'm not moving to ..." series?
For example, explain how Japan is cool and all, but their taxes suck.
Hence explaining why you're not moving to Japan.
Also, you could comment on whether they're business-friendly.
Or how about Norway: Again, very high taxes (and weather) including a nasty wealth tax.
And if you stay for 10 years, it's going to take you 3 full years to leave their tax net...
The benefits of such a video series is that people would be very annoyed, and this would drive some new traffic.
I see you already made some episodes along these lines, such as "Why I didn't move to Bali" and "Four reasons I didn't move to Purto Rico"
If you ever go to Tokyo, I highly uggesting Ginza on a weekend... "pedestrian heaven"... would make for a perfect scene on UA-cam.
I guess it would just be a waste to go there though if you aren't actually planning on planting any flags there. You can't really do much in Japan without a residence permit.
It might go something like: "Japan is one of the coolest places in the world, but the taxes frankly could suck a golf ball through a garden hose :-)"
The benefit -- and simultaneous problem -- is that millions of Japan lovers would get extremely triggered if you simply disregard their fantasy home. I'm personally a huge Japan fan and fluent in the language, but I can't justify living there because it would cost 30-40% in terms of income tax. That's 40k EUR per year or 3333 EUR per month just for me to exist there. That's not a fair price at all.
Engagement and reaching new people ought to be through the roof if you cover Japan.
Just my speculations, I don't actually know.
Thank you for your suggestion, we will consider it.