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Best Caribbean or Central America location to retire? (Now with South America!)


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Best Caribbean or Central America location to retire? (Now with South America!)

  #291 (permalink)
Pittsburgh, Pennsylvania
 
 
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I have read on other forums about 2 places:

1. Capetown: cost of living is 1/4th of the US. Great timezone, English speaking people, good internet.

2. Paraguay: low taxes, 1 year residency is an address and 6K deposit in a bank...

Edit: More info on Paraguay, because it seems it is very easy to get a resident permit there and life sounds cheap too:

"Regarding citizenship, you don't need to become citizen in order to live in Paraguay. You can get resident permit: temporal for 1 year renewable up to 6 times or permanent. More info:
http://www.migraciones.gov.py/items-7-r … raria.html

on job: it is required some proof of income *contract as free lance/publisher? or local for resident permit. For permanent, it is required that or land ownership

regarding monthly expenses, you can live easily on 1,000 USD / month and with 2,000 USD very comfly. Banks can open accounts in Guarani, USD or EUR. For deposits (when you or anyone pays in) of more than 10,000 USD you need to sign a form every time for money laundry control.

You can possess (banks, property, etc) as much as you can. Currently, there is not personal income tax, but apparently will be enforced from 2013 onwards at 10% rate."


Last edited by Pedro40; June 26th, 2013 at 06:11 PM.
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  #292 (permalink)
prague, czech republic
 
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Capetown is great, I considered it, but not so easy to get there, must invest into a local company and hire 3 locals, tax is 40% there but if you have solely a capital gain, only 25% of it must be paid, effectively 10%. City is great but who goes to live to country everybody else fleeing? With AIDS infection rate 50%, practically highest crime rate on planet so you can't even stop on red light not to get killed during the robbery, must wear an automatic gun all the time, etc

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  #293 (permalink)
prague, czech republic
 
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MrYou View Post
I've thought about it a lot. If I could afford it I would seriously consider it, but these are the main issues:
  • You'll want a ~40-~50 ft catamaran ($250k-$500k+) and its a depreciating asset.
  • You'll need to perform regular maintenance, have insurance, etc.
  • You'll have extended-stay slip rental fees which will range from $500-$1000/month for certain areas.
  • More than likely you'll plan your travel to avoid harsh winter/summer areas.
  • Internet access is either going to be spotty or EXTREMELY expensive ($1000/month).

You could do all of this far cheaper, but you're going to be less comfortable living aboard and U.S. citizens can never escape taxes unless they reside in Puerto Rico and qualify for special status. My currently favorite single-handed capable catamaran is the Chris White Atlantic 47 Mastfoil.

In a lot of cases it may make more sense to travel by plane and get weekly/monthly rate studio-sized apartment rentals. Or travel by RV or camper van and stay for free in/near national parks or cheap in RV parks.


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Would you like to keep discussion going? If so we can start a separate topic here. I would love that.

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  #294 (permalink)
Vancouver Canada
 
 
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any popular place in Europe?

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  #295 (permalink)
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Manta, Ecuador
 
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I am taking another look at Buzios Brazil. Anyone from there?

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  #296 (permalink)
Rio de Janeiro, Brazil
 
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Big Mike View Post
I am taking another look at Buzios Brazil. Anyone from there?

Mike

I live a few hours away and I have been there albeit 10 years ago. I encountered frequent power outages and many large cockroaches in my hotel. I dont know what you are looking for exactly and although my opinion of Brasil is pretty low overall from a living standpoint I would recommend it/Rio for a month long visit- it would be a nice getaway in a country with a very distinct culture. If you are looking to do a whole lot of nothing and sitting on the beach i really would recommend Rio as IMHO it is the best beach in the world. But opinions are like... Remember, this country is still third world with third world problems.

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  #297 (permalink)
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Profiler View Post
I live a few hours away and I have been there albeit 10 years ago. I encountered frequent power outages and many large cockroaches in my hotel. I dont know what you are looking for exactly and although my opinion of Brasil is pretty low overall from a living standpoint I would recommend it/Rio for a month long visit- it would be a nice getaway in a country with a very distinct culture. If you are looking to do a whole lot of nothing and sitting on the beach i really would recommend Rio as IMHO it is the best beach in the world. But opinions are like... Remember, this country is still third world with third world problems.

Can you go into a bit more detail as to why you rate it "low overall from a living standpoint" ?

Are you an expat?

Can I ask, are you a gringo? I am just trying to find gringo expats to talk to about it.

Here is the type of property I am looking for:
Buzios Vacation Rental - VRBO 345767 - 4 BR Brazil House, Spectacular Ocean View Luxury Villa in B˙zios, Brazil

Mike

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  #298 (permalink)
Rio de Janeiro, Brazil
 
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man where to begin....

first, i am a gringo, lived in US all my life until last year when i came down here since my wife is brasilian. quality of life is just way below the US. you cant drink the water out of the tap. what kind of country doesnt have potable drinking water in this day and age? we have a filter added on to our tap so we can but otherwise you see lots of people carrying gallons of water home from the store. this also means when you go out to restaurants you get dinged for paying for water at $3-4 which is a pet peeve of mine. the economy here is closed- 100% import taxes on everything. a $100k porsche costs 200k down here so you dont see many. worse, a toyota corolla cost 40k!!! can you imagine paying 40k for a corolla? end result is you have everything costing twice as much to favor the local brasilian products which are honestly complete crap. and you dont have many options to choose from. in the states go to a grocery store and there will literally be maybe 100 or more options for salad dressing-here you get 4 choices of generic. infrastructure is horrible. you arent supposed to flush toilet paper down the toilet because most pipes cant handle it. talk about safety, christ, we live in the best neighborhood in Rio literally across the street from the beach and my wife is afraid to walk on the street alone after 8pm. she got the windows tinted on her car not to block out the sun but so that people could not see that it was a single woman inside and give them the idea to rob her. you've seen the news about the protests lately im sure. these protests are legit- for what people pay and what they get this country is a joke! but like i said, these are factors more from a living standpoint than a visiting standpoint. ive visited way worse countries than here (india, thailand) and enjoyed them

as for that place- it looks freaking awesome!

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  #299 (permalink)
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Manta, Ecuador
 
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Profiler View Post
man where to begin....

first, i am a gringo, lived in US all my life until last year when i came down here since my wife is brasilian. quality of life is just way below the US. you cant drink the water out of the tap. what kind of country doesnt have potable drinking water in this day and age? we have a filter added on to our tap so we can but otherwise you see lots of people carrying gallons of water home from the store. this also means when you go out to restaurants you get dinged for paying for water at $3-4 which is a pet peeve of mine. the economy here is closed- 100% import taxes on everything. a $100k porsche costs 200k down here so you dont see many. worse, a toyota corolla cost 40k!!! can you imagine paying 40k for a corolla? end result is you have everything costing twice as much to favor the local brasilian products which are honestly complete crap. and you dont have many options to choose from. in the states go to a grocery store and there will literally be maybe 100 or more options for salad dressing-here you get 4 choices of generic. infrastructure is horrible. you arent supposed to flush toilet paper down the toilet because most pipes cant handle it. talk about safety, christ, we live in the best neighborhood in Rio literally across the street from the beach and my wife is afraid to walk on the street alone after 8pm. she got the windows tinted on her car not to block out the sun but so that people could not see that it was a single woman inside and give them the idea to rob her. you've seen the news about the protests lately im sure. these protests are legit- for what people pay and what they get this country is a joke! but like i said, these are factors more from a living standpoint than a visiting standpoint. ive visited way worse countries than here (india, thailand) and enjoyed them

as for that place- it looks freaking awesome!

Thank you for that. That is discouraging and is much worse than what I had read. One reason I had shied away from Boquete Panama was because of all the guns everywhere, armed military at shopping centers and such. It sounds like the opposite end of what you are seeing in Brazil.

Sao Paulo the same?

Have you traveled to Ecuador?

Mike

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  #300 (permalink)
Rio de Janeiro, Brazil
 
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ive not been to ecuador nor sao paulo. SP is a concrete jungle though, i def would not classify that as a getaway. as its the business hub of brasil it actually has some nice things like buildings and restaurants though.

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