With the recent election upset…. Heck, who are we kidding? With ANY election, the American people are always looking to leave the country. Our primary country of choice is Canada. They’re our neighbor. They’ll take us in. And you know, it doesn’t hurt that their Prime Minister Justin Trudeau is kinda hot. Don’t lie, I know I’m not the only one to be thinking that…
But, have we considered other countries that we could move to if we’re up for a change? Check these out:
Uruguay is considered one of the most libertarian countries in the world. This small country is very charming while at the same time offers a modern infrastructure and a stable economy. It has wonderful tourist attractions activities and they also have a healthy banking system. Uruguay has one of the, if not the highest nominal GDP per capita in South America. In less than 10 years, Uruguay has slashed its carbon footprint by 95% without government subsidies or higher consumer costs.
Living costs are much lower than the United States, especially for rent, health care and food. Americans can buy real estate and own businesses, and they have a free automatic 90-day visa to explore Uruguay. For residency, expats only need to have a proof-of-income of $500 per month to qualify.
Malaysia is the most developed country in Southeast Asia besides Singapore. Malaysia’s economy is strong, they offer a well educated population and a strong infrastructure. Their public transportation is fabulous and a plus for the soon to be expat? Nearly everyone speaks English. It’s capital, Kuala Lumpur, has one of the most affordable and cleanest cities in the world. According to Wikipedia, Malaysia has one of the best economic records in Asia. Malaysia’s economy is self sufficient. It is considered one of the most optimistic countries to live in.
The cost of living is not as low as Thailand, but definitely less expensive to provide for yourself than in North America, Europe, or Singapore. A furnished 3 bedroom apartment may run around $650 per month. Foreigners can open bank accounts pretty easily with just a passport and proof of their new local address. New citizens can own their own property and run a business. Free 90 day visas are given on arrival and they aren’t that strict about quick border runs to renew them. Residency can be gained by starting a business, having employment, or showing a bank deposit of $50,000 for retirees.
My ancestors came from here! This may be my main choice!
Chile cost of living is lower than North America for rent and fresh food. Americans only need their passports to enter Chile as a tourist for up to 90 days. If you want to stay longer, you only need to cross the border into Argentina, Peru or Bolivia, and then re-enter with a new 90 day tourist card which is a slip of paper. You can also apply for an 90 day extension within Chile. You will need to go to a local police station 30 days prior to when your initial 90 days expires and apply.There is a reciprocity fee for Americans of $131.00 USD, Canadians $132.00 USD and Australians $61.00 USD. This amount is the same that Chileans are charged to visit America. However, if you enter the country by car or bus, you do not have to pay the fee. You only pay it if you fly into the airport.
Chile’s government has sound economic policies and a keen interest in adhering to Free Trade Agreements, making it a country which is eager to welcome more foreigners and foreign businesses. Chile has public and private healthcare insurance. Its healthcare standards are relatively high throughout the country, although the private medical facilities in the larger cities are slightly more advanced and refined. For those who plan to make Chile their home for the majority of the time over the next five years or so, obtaining permanent residency and citizenship is quite cost-effective. Total fees paid to the government depend on your country of origin, but it’s quite low. For US citizens, it’s $0. The trade-off, however, is time. Chile requires that a person be in the country a minimum of 185 out of 365 days for five years, from the time the initial (temporary or contract) visa is stamped in their passport, in order to qualify for citizenship. You can obtain citizenship in as little as five years starting from the date your initial visa is approved.
One thing to remember. USA is one of two countries that requires their citizens to pay taxes on their foreign income. To avoid this, thousands of people denounce their citizenship each year so they’re not paying double the taxes. If you select a country that doesn’t charge income taxes then you’re good.
What country would you consider moving to? Any not on this list? And why?