Retirement is a time of life where all the work people have completed comes to fruition. Most people live on pension plans that require careful attention to detail and proper budgeting to ensure they last throughout retirement. However, a small number of retirees have the means to retire and live in luxury. For these people, the world is their oyster, and they can go wherever their hearts desire. Here is a breakdown of ten of the world’s most lavish retirement destinations.
Getting around Monaco is easy as there is plenty of public transportation and the country is small on foot as well. Monaco offers world-class entertainment with the Formula 1 Grand Prix, the Monaco Yacht Show, and the Casino de Monte Cristo. Real estate in this small locale is coveted by many because of its proximity and easy access to the rest of Europe.
Moreover, Monaco is known for its relaxed tax laws and its secure banks. Folks looking to retire here are sure to enjoy the finer things life has to offer.
2) DUBAI – Dubbed as one of the world’s cleanest cities, Dubai is a hot destination for travelers from all corners of the globe. In 2016, Dubai was the fourth most visited city in the world. The skyline boasts impressive buildings, including the Burj Khalifa, which is the tallest manmade structure in the world. Additionally, the city offers more than 70 shopping centers, several water parks, camel rides, the world’s largest choreographed fountain system set to music, and other tourist attractions for visitors.
Dubai does not offer permanent residency, citizenship, or retirement visas to non-native persons. However, this doesn’t mean one cannot retire there as long as permits are consistently renewed every 2-3 years. There are two types of investment visas that retirees can obtain if they wish to stay in Dubai: the business investment visa and the real estate investment visa. Additionally, if a retired adult has a child working in the UAE with a Labor Card and valid residency permit, then he or she can qualify for the dependency visa and move to Dubai with that visa. For the dependency visa, sponsors (adult children) typically need to make at least $65,000 USD per year.
However, this country is valued for its rich climate, first- world amenities, favorable exchange rate, and the fact that English is an official language of the nation. Retiring in Singapore will require a higher cost of living and given that it’s one of the world’s largest financial and cultural centers; this is no surprise. However, living here is about enjoying the cosmopolitan lifestyle rather than trying to make savings stretch.
Moreover, the coastal region of Algarve offers more days of sunshine than almost anywhere else in Europe and is a top vacation spot for both the winter and summer seasons. It boasts over 100 miles of Atlantic shores filled with rock formations, lagoons, and sandy beaches. The region is also home to 42 golf courses in less than 100 miles and is viewed as a top golf location in Europe.
There is no shortage of luxury in Algarve with well- structured international healthcare, an undervalued property market, no taxes on retirement income, healthy living and eating, and English widely spoken in the region.
It is an area that seduces its visitors and breeds inspiration through its fields of lavender, Mediterranean beaches, mountain ranges, stone-paved villages, various festivals, and of course: the incredible food. Provence is all the best parts of France wrapped into one location. The cost of living in Provence is on the higher end, so you definitely need to have a cushioned nest egg to settle here permanently.
6) TUSCANY, ITALY – This region of Italy is the most sought after by foreigners, and it’s also one of the most expensive as well. Whatever you want, you can find it in Tuscany. The climate is mild with cool winters. Tuscany offers seaside, valleys, and mountains to its visitors. People flock to the mountains in the winter for skiing. Strolling along in old-world villages, enjoying fresh wine, authentic Italian cuisine, and tourist attractions are just some of the amenities offered by this countryside rich in chic culture.
It is a Dutch sovereign state, and their official languages are Dutch, English, and Papiamentu. Also, Curacao offers tax incentives for retirees.
One famous perk of the island is The Blue Edge, a famous scuba site for tourists. It is located off of the north coast of the island and it has an underwater cliff with a 200ft drop. In addition, the island offers other outdoor fun and sports such as hiking, biking, and sailing. For those who are hoping to retire and live that slow pace lifestyle in paradise, this is where they want to be.
A retiree can expect to live a relaxed life with a world of entertainment options at his or her fingertips. A person, with the financial means to do so, can find a home with any view that he or she desires.
Moreover, Costa Rica has gained popularity because of its upkeep with the demands of the middle class. It offers theaters, galleries, and fine dining with basically any cuisine. They also offer excellent healthcare, high-speed internet in virtually all areas, reliable electrical service, great cell phone reception, and clean drinking water from the tap. Costa Rica stays a step above its neighbors to the south by staying on top of first-world expectations.
Turks and Caicos is coined a tax haven as there are no income, capital gain, inheritance or estate taxes implemented. Cost of living is on the higher end as most goods are imported. There is no denying though, if you want the slow pace lifestyle with long stretches of beautiful white-sand beaches and the island breeze, Turks and Caicos is a top contender.
Prices for being on board The World are not listed on the website, but it is clearly designed to be an experience of grandeur. There are six dining rooms on board the ship, and a recognized fine wine collection. Each year, a series of intellectuals come to the ship to speak on hot academic topics, which is especially stimulating for the residents.
For the adventurer retiree, a life on board The World, is the pinnacle of new experiences combined with relaxation.
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