traveleconomics
Best Countries to Retire in Europe (Taxes, Cost of Living, Residence Permits)
updated
I also explore some nearby attractions in Transylvania. Namely, Corvin Castle, Alba Iulia, and the Turda Salt Mines. These aren't in Cluj, but you can easily access these wonderful sites from Cluj, as well as other beautiful parts of Transylvania.
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I also cover some information about Cluj like some cost of living numbers, how much my Airbnb cost, and where you can find some of the best Romanian food and restaurants in Cluj. And, I tour the botanical gardens, Cluj's central park, as well as museums like Steampunk Transylvania and the ethnographical museum.
I haven't made a vlog on this channel before or in years, so I'm a bit rusty! But I hope you enjoy and found this video helpful if you're planning to visit Cluj-Napoca ๐
Have you been to Romania or Cluj before? What were your thoughts? I'd love to hear from you!
Timestamps:
0:00 - 0:19 Intro
0:20 - 1:12 Romanian Food
1:13 - 2:51 Cluj Central Park & Lookout
2:52 - 4:43 Airbnb Tour & Cost
4:44 - 5:50 Wandering Around & Romanian Beer
5:51 - 7:04 Grocery Prices
7:05 - 8:31 Corvin Castle
8:32 - 9:08 Alba Iulia
9:09 - 10:24 Salina Turda
10:25 - 11:48 Cluj Botanical Gardens
11:49 - 12:28 Ethnographic & Steampunk Museum
12:29 - 12:44 The Best Stew
12:45 - 16:53 Cluj Recap & Opinions
In this video, I'm covering some of the best solo travel destinations. This includes many destinations I have enjoyed during my time as a solo traveler, as well as some popular destinations I have researched.
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The main factors I consider for the top solo travel destinations include: safety, attractions, affordability, and how easy it is to make friends or meet other people.
I've honestly had a blast during my time as a solo traveler. Accommodation can be a little more expensive, but this is why hostels can be great, especially because they help you meet people.
The best countries for solo travel I cover in this video include:
- Greece
- United Arab Emirates
- Mexico
- Singapore
- Portugal
- Croatia
- Thailand
- Indonesia
- Canada
I'd love to hear which solo trips you've taken or if you have any recommendations as well! ๐ Thank you as always for watching and for the support! ๐
Timestamps:
0:00 - 0:47 Intro
0:48 - 2:21 Greece
2:22 - 3:59 Staying Connected
4:00 - 5:56 UAE
5:57 - 7:20 Mexico
7:21 - 8:30 Singapore
8:31 - 9:37 Portugal
9:38 - 11:02 Croatia
11:03 - 12:37 Thailand
12:38 - 13:59 Indonesia
14:00 - 15:45 Canda
15:46 - 17:53 Solo Travel Tips
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I've been traveling the world while earning for years at this point, and I think anyone can do the same thing!
In this video, some of the jobs to make money while traveling I cover include:
- Being a remote freelancer
- Being an English teacher abroad
- Being a travel nurse
- Content creation
- Becoming a tour guide
- Cruise ship worker
- Work exchanges or volunteer abroad programs
- Becoming a flight attendant
- Being a seasonal worker
Hopefully, some of these job ideas inspire you to also get started and pack your bags ๐๐
Chapters:
0:00 - 1:52 My Story & Intro
1:53 - 4:10 Remote Freelancing
4:11 - 5:38 Teach English
5:39 - 6:37 Staying Healthy
6:38 - 7:53 Travel Nursing
7:54 - 9:37 Content Creator
9:38 - 10:59 Tour Guide Leader
11:00 - 11:57 Cruise Ships
11:58 - 13:15 Work Abroad Programs
13:16 - 13:54 Flight Attendant
13:55 - 15:11 Seasonal Worker
15:12 - 16:21 Next Steps
This includes ways to find cheap flights, save money on hotels, find cheap car rentals, skip ATM and foreign transaction fees, save money on food, and tons of other travel hacks to stay on budget.
I'd love to know which tips you recommend to save money on travel as well!
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3๏ธโฃ Get $30 From Rakuten: http://www.rakuten.com/r/THISON78?eeid=28187
4๏ธโฃ Cheap eSims: https://go.saily.site/aff_c?offer_id=101&aff_id=8176
5๏ธโฃ Save With Wise: wise.com/invite/dic/thomasb5863
6๏ธโฃ Cheap Flights & Hotels: onetravel.z4fp8q.net/e1BdKD
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After traveling the world since 2018, I've definitely tried a lot of money-saving travel hacks over the years.
But I wanted to cover some ideas that go beyond the basics, like booking flights in advance or using a travel credit card. Hopefully, these hacks work well for you!
Let me know your own travel hacks as well. And thank you so much everyone for watching and for your support ๐๐ It really means a lot.
Chapters:
0:00 - 1:04 What To Expect
1:05 - 1:36 Cheap Flights
1:37 - 2:48 Airline Fees & Packing
2:49 - 4:10 Negative Headlines
4:11 - 4:54 Slash Bills
4:55 - 6:02 Get Paid To Travel
6:03 - 6:51 Creative Flight Paths
6:52 - 7:52 VPN Travel Deals
7:53 - 8:52 Travel Cashback
8:53 - 9:52 Free Airport Lounges
9:53 - 10:40 Taxi Scams
10:41 - 11:17 One-Way Flights
11:18 - 11:59 Cheap Car Rentals
12:00 - 12:57 Airline Fine Print
12:58 - 13:47 Cheap eSims
13:48 - 15:03 Airbnb Discounts
15:04 - 16:16 Stop Foreign Transaction Fees
16:17 - 17:08 Save Money On Food
17:09 - 17:44 Find Travel Deals
17:45 - 18:43 Credit Cards
18:44 - 19:27 Take Photos
19:28 - 19:57 Find Free Events
19:58 - 20:46 Find Cheap Tours
20:47 - 21:38 Find Free Accommodation
21:39 - 22:35 Major Travel Hacks
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In this video, I'm covering 8 steps you can use to help protect your freedom while you're on the path to becoming a more "global citizen."
This is a bit of a different video than normal. But it covers a framework and series of steps you can take to enable more financial and locational freedom.
I'd love to know what you think and what step you're on! ๐
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I think we're seeing a lot of interesting changes in the world lately.
Many countries are making it harder to get a second passport. Data privacy is becoming a thing of the past. There seems to be more factors trying to control what we do, where we go, and how we live.
If you're wondering how to become location independent and to preserve your freedom, I hope this framework is helpful.
My goal with this channel is to cover amazing travel destinations. But it's also to help other people gain locational independence to live the sort of lifestyle they desire.
A lot of this involves the intersection of travel and finance. So let me know if the comments if you'd also like me to cover more topics like the FIRE movement, or how you can leverage living costs to accelerate your path to freedom.
Anyways, a bit of a different video than usual like I mentioned. But I hope you guys enjoy ๐๐ Thank you for your support as always!
Timestamps
0:00 - 1:33 The Goal
1:34 - 3:09 Step 1
3:10 - 4:33 Staying Healthy
4:34 - 6:08 Step 2
6:09 - 7:15 Step 3
7:16 - 8:17 FIRE Movement
8:18 - 10:30 Step 4
10:31 - 11:34 Step 5
11:35 - 13:35 Step 6
13:36 - 15:51 Step 7
15:52 - 17:13 Step 8
17:14 - 18:31 Taking Action
This bill still has to pass, but it's looking extremely likely to. And in this video, I'm bringing you guys the quick updates on what's going on, why this might be happening, and how this could impact Portuguese Golden Visa applicants.
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๐ฐ Portugal Immigration News:
euronews.com/my-europe/2025/06/24/portugal-tightens-citizenship-rules-doubles-residency-requirement-for-most-foreigners
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Like I mentioned, we still have to wait for this bill to pass into law. We also need clarification from the government on how this might impact Golden Visa applicants.
However, I think it's clear that Portugal wants to reduce the number of people fast-tracking citizenship without real intention of integrating there.
If you're just looking to get Portuguese citizenship for tax purposes to to get an EU passport, this could be bad news. However, if you plan on living and retiring in Portugal, waiting 10 years versus 5 for your citizenship might not matter as much for you.
Like I mentioned in my last video, it really does seem like the world is changing. Sentiments regarding immigration are changing. This is why I encourage people to look into paths like citizenship by descent or other residency options now before things potentially become more challenging.
What do you think about this new bill? I'd love to hear from you.
Thank you for watching as well ๐๐
Specifically, I'm covering some recent changes to programs like Malta's and Spain's CBI programs. I'm also covering news regarding potential US and EU travel bans for certain Caribbean countries with popular CBI programs.
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The world is changing quickly. It's becoming more difficult to get a second passport and citizenship. I want to summarize some of these changes and then outline some options to get your second passport or to preserve more global flexibility and freedom.
Recently, we're seeing programs like Malta's Golden Passport and Spain's CBI program get shut down. And now, the US and EU are heavily considering placing visa-free travel bans on several Caribbean nations with popular CBI programs.
Not to mention, some routes for getting citizenship through descent are becoming more challenging as well.
I think this trend is likely to continue. This is why I encourage people to begin the process of citizenship by descent or to research their options now.
Personally, I wouldn't invest in most CBI programs right now. They might become much less valuable in the near future. But investing in some emerging markets or finding ways to get residency, real estate, or another passport elsewhere is a valuable thing to do. More options equals more freedom!
Anyways, I hope you guys enjoy this video ๐ And I'd love to know what you all think about these changes down in the comments!
Timestamps:
0:00 - 0:46 Intro
0:47 - 1:40 Malta & Spain Changes
1:41 - 3:38 US & EU CBI Bans?
3:39 - 5:06 Tougher CBI Requirements
5:07 - 5:44 Increased Prices
5:45 - 7:12 Portugal Golden Visa
7:13 - 7:49 Citizenship By Descent
7:50 - 8:52 Preparing For The Future
8:53 - 10:07 Next Steps
That's right. Some states have rolled out various relocation programs, benefits, and tax incentives to attract new residents. So if you're looking to trade city life or mix things up, you can potentially consider applying to one of these programs.
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Note: the information in this video is for educational purposes. It's based on my research and various paid to move programs you can find across different state websites. Please do your own research as well and know that results aren't guaranteed!
Keep in mind: these programs have various requirements. Some of them pay people with cash, while others offer rebates on buying a home or other forms of incentives.
Also note that these programs generally require being a U.S. Citizen or being eligible to work in the United States.
Timestamps:
0:00 - 0:51Intro
0:52 - 2:51 Arkansas
2:52 - 4:07 Indiana
4:08 - 5:16 Kansas
5:17 - 6:20 Oklahoma
6:21 - 7:20 West Virginia
7:21 - 8:59 Even More States
9:00 - 10:57 Real Testimonials
10:58 - 13:16 Important Considerations
13:17 - 14:07 Next Steps
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Housing prices are alarming high in many countries. But these places still have affordable houses, countryside cottages, condos, and even beachside properties in some cases.
NOW: these aren't going to be mansions or 5-star luxury living. But you can still find some wonderful properties on a budget of $100,000. Maybe a bit more, maybe a bit less ๐
This is especially true if you look at some of the more remote areas, villages, and towns in the countries I cover in this video.
Also note that some of the properties I cover could certainly use a renovation. This is true for a lot of cheap housing options in these countries. But that doesn't mean you can't find a wonderful home on a budget!
Anyways, the places to buy cheap homes I cover in this video include:
- France
- Greece
- Romania
- The Philippines
- Colombia
- Portugal
- Ecuador
- Bulgaria
- Dominican Republic
- Turkey
Have you considered buying a cheap house abroad? Or know anyone who has? I'd love to hear about your experiences ๐
In this video, I'm sharing some truly cheap cities and countries to retire in. This includes information about the Visa process, cost of living, access to healthcare, and more. And I'm also covering some important things to keep in mind when searching for the best places to retire to maximize your enjoyment.
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Some of the cheapest places to retire I cover in this video include:
1๏ธโฃ Thailand
Thailand has amazing beaches, nature, and a super low cost of living. It's also great because it has decent private healthcare and a large base of expats and retirees. Plus, Thailand has a retirement visa for foreigners over the age of 50.
2๏ธโฃ Mexico
Mexico is another cheap country to retire abroad, and it's very popular for snowbirds as well who don't mind having two retirement destinations. Amazing food, weather, and culture are some selling points. Healthcare is also great if you go private. And the path to a permanent residency visa isn't too difficult for many passports.
3๏ธโฃ Colombia
I love Colombia for its culture, nature, and the people there. It's also a very affordable country. And, while it might surprise you, its healthcare system is very highly ranked. Crime is a concern in some cities, but there are still many safe regions. And Colombia offers a Special Temporary Pensionerโs Visa as well.
4๏ธโฃ Romania
My family is from Romania, and Forbes actually ranked Romania as one of the best and cheapest places to retire in recently. Amazing history, diverse landscapes, great food, and low costs of living are selling points. Plus it's easy to retire here if you have an EU passport.
5๏ธโฃ The Phillipines
This is another affordable place to retire with a large expat and retiree community base. You can choose island life or settle down in a larger city or town. Cost of living is incredibly low compared to Western and European standards. There's also the SRRV Visa to make the path to retirement easy.
6๏ธโฃ Portugal
Portugal has been a popular cheap retirement destination for many people in Europe and worldwide for years. And even though cities like Lisbon are becoming more expensive, Portugal has many low cost of living areas. Just note that the D7 Visa is a popular route to take, and the Golden Visa doesn't allow real estate investment to qualify anymore.
Some honorary mentions in this video also include:
- Bulgaria (and many Eastern European gems in general)
- Dominican Republic
- Costa Rica
- Panama
What's on your retirement radar? ๐ I'd love to hear from you about your experiences and research on the cheapest places to retire abroad!
Thanks for watching and for all the support everyone ๐
Timestamps:
0:00 - 1:14 Intro
1:15 - 3:09 Country 1
3:10 - 5:55 Country 2
5:56 - 8:10 Country 3
8:11 - 11:08 Country 4
11:09 - 12:58 Country 5
12:59 - 14:47 Country 6
14:48 - 17:15 Honorable Mentions
17:16 - 18:36 Tip 1
18:37 - 19:47 Tip 2
19:48 - 21:49 Tip 3
21:50 - 22:43 Conclusion
I'm including some of my all-time favorite digital nomad cities and countries in this video, as well as popular cheap destinations. And at the end of the video, I'm covering some important tips about Visas and also how to maximize your digital nomad experience/fun while staying on budget!
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Some of the cheapest digital nomad destinations I cover in this video include:
1๏ธโฃ Mexico
Mexico isn't the absolute cheapest digital nomad country out there. But it has so much going for it. Amazing food and culture, excellent beaches, and a large nomad/expat community are selling points. It also has a 180 day tourist visa for many countries, making it easy to escape the winter and head to Mexico. Playa Del Carmen, Oaxaca, and Puerto Vallarta are some top areas to consider.
2๏ธโฃ South Africa
South Africa has been my all-time favorite and cheap digital nomad destination. Specifically, I spent over a month in Cape Town and plan on heading back soon. This country has amazing wildlife, food, and so much nature for you to explore. And while it's not the most popular nomad destination, I think it's possible to stay safe in South Africa and to effectively deal with load shedding. I never had any issues working remotely from here, in any case, and WiFi was fast and reliable!
3๏ธโฃ Turkey
Turkey is a country that has such rich history and culture. It's also very affordable, especially if you're earning USD, Euros, or another strong currency. Istanbul is an amazing city to live in. You can also check out areas like Bodrum, Izmir, and tons of other beautiful parts of the country.
4๏ธโฃ Colombia
I've spent many months as a digital nomad in Colombia. It's quite affordable, especially if you get off of Airbnb and find local listings or people to rent from. Medellin is a digital nomad hub, and the city has amazing climate, food, and nightlife. You can also check out Bogota or areas like Cartagena or Barranquilla, and the nature and wildlife in Colombia is superb. I haven't had issues with safety in Colombia personally, and some common sense goes a long way here, especially if you plan on partying.
5๏ธโฃ Thailand
Thailand is a classic cheap digital nomad destination with so much to offer. There's amazing food, beaches, and a booming nomad community. Rentals and transportation are very affordable, and you can definitely live on a budget here. I really enjoyed my time living in Phuket. Other popular areas include Bangkok, Chiang Mai, Koh Samui, Pattaya, and Krabi.
6๏ธโฃ Indonesia
Like Thailand, Indonesia has other affordable digital nomad destinations that are also very popular. I spent some time in Bali and enjoyed it, although I personally prefer Thailand to Indonesia. That said, areas like Bali, Canggu, Jakarta, Ubud and others are popular for nomads.
7๏ธโฃ Argentina
Argentina and cities like Buenos Aires are becoming more popular with nomads. Argentina has had issues with inflation, but the cost of living is quite low if you earn USD, Euros, or another strong currency.
I also wanted to include some honorable mentions on this list. Other affordable digital nomad places include:
- Vietnam (especially Da Nang)
- Philippines
- Hungary
- Portgual
- Georgia
- Sri Lanka
I also wanted to cover a few surprising picks you might not have seen in other videos. Hopefully, at least one of these destinations excites you to visit.
Thank you for watching and for the support as always ๐๐ Have an amazing day everyone!
Timestamps:
0:00 - 0:56 Intro
0:57 - 3:09 Destination 1
3:10 - 6:42 Destination 2
6:43 - 8:37 Destination 3
8:38 - 11:12 Destination 4
11:13 - 13:18 Destination 5
13:19 - 14:52 Destination 6
14:53 - 15:53 Destination 7
15:54 - 16:45 Honorable Mentions
16:46 - 19:15 Nomad Visas & Tips
19:16 - 20:14 Next Steps
Now, many of these paid to move programs are very niche. And they almost always involve moving to a low population area without as much economic opportunity or excitement as a major city.
However, I think these places that pay you to move there are interesting to learn about at the very least. And if you're a resident of these countries, or can obtain residency there, perhaps these paid relocation programs could help you kickstart a new adventure! ๐
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๐บ๏ธ Reddit Thread Mentioned
reddit.com/r/expats/comments/135c305/has_anyone_actually_done_the_well_pay_you_to_move
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The countries that pay you to move there I cover in this video include:
1๏ธโฃ Ireland
Ireland has a program called Our Living Islands which is paying people to move to remote islands off the coast of Ireland to help populate them. This program pays families with grant money for refurbishing houses out on these islands.
2๏ธโฃ Italy
Italy has made plenty of headlines due to its viral $1 Italian homes programs. But the country also has various regions with some paid relocation programs in place, such as Sardinia, Emilia Romagna, and Calabria.
3๏ธโฃ Greece
The Greek island of Antikythera is also rolling out a paid relocation program to help repopulate it.
4๏ธโฃ Spain
Like Italy, Spain has various regions where local governments are trying to spur economic and population growth by paying people to move there. This includes regions like Ponga, Rubia, and Extremadura.
5๏ธโฃ Japan
Japan also has a relocation program that is trying to encourage people to move out of city centers like Tokyo and into more rural areas.
You can Google a list of other countries and places that have these sorts of paid to move programs. Portugal, Switzerland, Croatia, and France are a few more examples.
Just remember: you're not really getting paid to move to a major city. And even programs like the $1 home programs can have a lot more hurdles and costs than at first glance. But if you don't mind living in a very remote area, these sorts of programs could be for you!
And, in any case, I think they're interesting to learn about and to discuss ๐
Would you move to a remote region or new country with one of these programs? Or is this a disaster waiting to happen?
Thanks for watching and the support as always everyone!
Timestamps:
0:00 - 0:43 Intro
0:44 - 2:00 Country 1
2:01 - 3:37 Country 2
3:38 - 5:10 Country 3
5:11 - 6:15 Country 4
6:16 - 7:01 Country 5
7:02 - 8:16 Honorable Mentions
8:17 - 10:58 Crazy Real Life Stories
10:59 - 12:01 Conclusion
This is based on my own travel experience as well as research and talking to other frequent travelers who have loved living in these countries.
For each country, I cover data like rent prices, grocery costs, cell phone and internet bill plans, and what percentage of the country speaks English. Hopefully, this video helps you stick to your budget while finding a great place to live for $1,000 a month!
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The cheap places to live on $1,000 a month I cover in this video include:
1๏ธโฃ Romania
Romania is certainly a cheap country to live in with tons of perks. You get Medieval towns and history, wonderful food, beautiful nature, and access to mountains plus the Black Sea. On top of that, rent prices in smaller cities remain affordable. You can also consider nearby countries like Bulgaria, Albania, Serbia, and others for affordable places to live.
2๏ธโฃ Colombia
I've spent a lot of time in Colombia, and it's another excellent place to live on $1K a month if you're a bit savvy. Local rent prices in cities and towns can be affordable. Plus, in cities like Medellin, you can find tons of shared housing or hostels that are very affordable. Food is also quite inexpensive, as are cell phone plans. Colombia is also a growing destination for digital nomads, which is one reason I've visited 3 times.
3๏ธโฃ Montenegro
I've spent a summer in Montenegro, visiting towns like Tivat and Kotor. And while Airbnb prices can be high here, local rent prices can be more affordable. Montenegro also has beautiful nature, kind people, and a nice mix of food and local dishes for you to explore. In my experience, it felt like visiting Croatian coastal towns, just way less crowded and cheaper.
4๏ธโฃ Thailand
Thailand is one of the cheapest countries to live in and is also a cheap retirement destination. Plus, cities like Chiang Mai and Phuket are very popular for nomads, as is Bangkok for business. With Thailand, you can find incredibly cheap rentals. Food is also highly inexpensive, and there are tons of markets and fun street food vendors to try. Internet is cheap too, and many people save on transportation with cheap scooter rentals. I spent a few months in Thailand and certainly plan on returning!
5๏ธโฃ Ecuador
Ecuador is another cheap country to live in that's not on everyone's radar quite yet. I haven't been to Ecuador yet, but many of my friends have. The rent is cheap, food is affordable, and people are very friendly. You can also access some excellent hiking, or surfing and beaches if that's more of your vibe. Just note English isn't commonly spoken, so learn some Spanish!
6๏ธโฃ Vietnam
It's impossible to make a video on places to live on $1,000 a month without mentioning Vietnam. Affordable rent/hostels, cheap food, and visitors from all over the world are some of the selling points for Vietnam.
7๏ธโฃ Georgia
Georgia has become a popular destination in recent years ever since it launched its Digital Nomad Visa. This visa is currently paused, but the country remains a cheap place to live in, and is still popular for nomads.
I hope this list of places to live well on $1,000 a month inspires you to choose your next travel destination!
DISCLAIMER: It's 2025, and prices are up. So, please forgive me if some of these places are a tad bit more expensive. I still think you can live well in these countries for around $1,000 to $1,500 if you put in a bit of effort and "do as the locals do."
If you agree or disagree with any of these countries, or have some suggestions of your own, I would love to hear from you in the comments ๐
Have a wonderful day everyone! Cheers!
Timestamps:
0:00 - 0:46 Intro
0:47 - 2:31 Country 1
2:32 - 5:06 Country 2
5:07 - 7:08 Country 3
7:09 - 9:31 Country 4
9:32 - 10:57 Country 5
10:58 - 11:57 Country 6
11:58 - 13:11 Country 7
13:12 - 15:54 Honorable Mentions
15:55 - 17:12 Red Flags & Conclusion
For each of these countries, I'll cover the rough cost for buying a second passport as well as the estimated approval times. As always, you can conduct your own research after watching this video to find the very latest information on these Citizenship by Investment programs.
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The countries that sell passports I cover in this video include:
1 - Nauru: Has a rough cost of $130,000 and is one of the newer Citizenship by Investment programs.
2 - Dominica: Requires a minimum donation of $200,000 to the country's Economic Development Fund. Also has a real estate investing option.
3 - St Kitts and Nevis: Starts at around $250,000 for a single applicant.
4 - Vanuatu: This route costs around $130,000 to buy a second passport.
5 - Turkey: There are numerous routes to obtaining a second passport in Turkey, but you're looking at around $400,000 to get started.
6 - North Macedonia: Options range from 200,000 Euros to 400,000 Euros.
Other honorable mentions of countries that sell passports include Antigua and Barbuda, Egypt, Malta, St. Lucia, and Cambodia.
If you're new to the channel, my name is Tom Blake. I'm a full-time digital nomad who has lived and worked remotely from dozens of countries across 6 continents. Along the way, I've navigated visa and residency requirements and am also in the process of obtaining a second passport myself.
I'm excited to create content here on Travel Economics that's designed to help you become a global citizen. This includes guides on obtaining a new citizenship, as well as tips for finding the best places to live for your unique scenario.
I hope you'll join me as I create more content to help others explore the world and unlock locational independence.
Thank you all for watching! Have an amazing day!
Timestamps:
0:00 - 0:45 Intro
0:46 - 2:17 Nauru Citizenship by Investment
2:18 - 3:30 Dominica Citizenship by Investment
3:31 - 4:38 St Kitts and Nevis Citizenship by Investment
4:39 - 5:39 Vanuatu Citizenship by Investment
5:40 - 6:57 Turkey Citizenship by Investment
6:58 - 8:07 North Macedonia Citizenship by Investment
8:08 - 9:10 Even More Second Passport Options
9:11 - 10:56 Red Flags & Alternatives
10:57 - 11:19 Conclusion
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From its stunning landscapes and rich cultural tapestry to its booming economy and affordable living, Poland offers a treasure trove of opportunities just waiting to be discovered. And with CitizenPL, your journey to obtaining Polish citizenship has never been easier. Curious about the benefits of Polish citizenship or how to navigate the Poland immigration process? Stick around as we unravel these secrets and guide you on the path to becoming an EU citizen.
Obtaining Polish citizenship can be a complex and time-consuming process. Thatโs where CitizenPL comes in. CitizenPL is an innovative service designed to help individuals navigate the intricate requirements of Polish citizenship.
With CitizenPL, you can easily determine which paths to Polish citizenship are available for you. The service provides updates on the latest requirements and guides you through each step of the process. Whether you need help with document translation, application submission, or scheduling appointments, CitizenPL has you covered.
Download CitizenPL today: https://citizenpl.app/citizenpl
Or use it in your browser: https://citizenpl.app/fast_paths
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Whether you're driven by a desire to reconnect with your Italian roots or just want to enjoy the benefits of dual citizenship, we've got you covered. We'll simplify the complexities, dispel the myths, and guide you through every twist and turn. Curious about the documents you'll need or how to avoid common pitfalls? Stick around, because we're making the journey to your Italian citizenship as smooth as an Italian espresso!
Obtaining Italian citizenship can be a complex and time-consuming process. Thatโs where CitizenIT comes in. CitizenIT is an innovative service designed to help individuals navigate the intricate requirements of Italian citizenship.
With CitizenIT, you can easily determine which paths to Italian citizenship are available for you. The service provides updates on the latest requirements and guides you through each step of the process. Whether you need help with document translation, application submission, or scheduling appointments, CitizenIT has you covered.
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This video on how to buy real estate in Riga also covers the factors contributing to the low property prices, including demographic changes, high costs of property ownership, economic conditions, and geopolitical risks. Finally, we'll consider whether investing in Riga's real estate market is worth the risk, highlighting potential opportunities and rewards.
Timestamps:
00:00 - Introduction: Why Riga?
00:37 - Real Estate Prices in Riga
03:35 - Demographic Crisis in Riga
04:35 - High Costs of Property Ownership
05:00 - Economic Comparisons with Central Europe
05:30 - Geopolitical Risks
06:07 - Should You Invest in Riga?
06:50 - Conclusion and Final Thoughts
Tags:
#RealEstate #Riga #Latvia #Investment #PropertyMarket #EuropeanUnion #RigaRealEstate #CheapProperty #GeopoliticalRisk #DemographicCrisis #RealEstateInvestment #RigaProperty #EURealEstate #InvestingInLatvia
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We'll delve into the previous visa situation, the exciting new visa options, and the reasons behind these changes. Don't miss out on this comprehensive guide to understanding Thailand's new visa landscape!
Timestamps:
0:00 - Introduction
0:40 - Previous Visa Situation in Thailand
1:26 - New 2024 Visa Regulations: Short-Term Visas
3:06 - Destination Thailand Visa (DTV) for Remote Workers
5:05 - Eased Conditions for Student and Retiree Visas
6:00 - Why Thailand is Easing Restrictions on Foreign Visitors
Hashtags:
#MoveToThailand #Thailand #RemoteWorkThailand #ThailandTravel #DigitalNomads #ThaiVisaChanges #ThailandLiving #ExpatLife #Travel2024 #RetireInThailand
If you found this video helpful, please like, comment, and subscribe to our channel for more updates and information on living and traveling in Thailand. Thank you for watching!
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We discuss the recent restrictions on the Golden Visa and Airbnb licenses, the disparity between wage growth and property prices, and the decline in foreign investment. Join us as we analyze the factors pressing real estate prices and provide our personal verdict on the situation.
Timestamps:
0:00 - Introduction
0:46 - Golden Visa Restrictions
1:45 - Airbnb License Limitations
2:30 - Wage Growth vs. Real Estate Price Growth
4:03 - Decline in Foreign Investment
5:01 - Personal Verdict
6:08 - Should You Buy Property in Portugal?
Portugal is still a beautiful place with one of the highest qualities of life in Western Europe, but is it worth the investment? Watch the video to find out!
Don't forget to like, comment, and subscribe for more insights on real estate trends and investment opportunities around the world.
#PortugalRealEstate #GoldenVisa #Airbnb #Investment #RealEstateMarket #Portugal #PropertyInvestment #LivingInPortugal #Real #PropertyPrices #ForeignInvestment #PortugalLiving #RealEstateTrends
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Timestamps:
0:00 - Intro
0:49 - Why Cambodia is a Big Expat Hub
1:55 - How to Move to Cambodia: Easy Residency Process
3:10 - Cambodia My Second Home Program: A New Path to Citizenship
4:21 - Advantages of Living in Cambodia
5:56 - Disadvantages of Living in Cambodia
7:45 - Verdict: Is Cambodia Right for You?
Introduction: Why Cambodia is a Big Expat Hub
How to Move to Cambodia: Easy Residency Process
Cambodia My Second Home Program:
Advantages of Living in Cambodia
Disadvantages of Cambodia
Verdict: Is Cambodia Right for You?
My personal take on whether Cambodia is the best choice for your relocation needs, including the potential for fast second citizenship through investment.
Engage with Us!
What do you think about moving to Cambodia? Does the ease of residency and potential for citizenship appeal to you? Let us know in the comments below! If you enjoyed this video, don't forget to like and subscribe for more content on living abroad and expat life. Thanks for watching!
Hashtags:
#Cambodia #ExpatLife #Phnompenh #siemreap
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๐ Timestamps:
00:00 - Introduction
00:29 - Current State of the Serbian Real Estate Market
02:00 - The Disconnect Between Salaries and Real Estate Prices
03:20 - Reasons Behind the Real Estate Boom
05:22 - Should You Invest in Serbian Real Estate?
06:36 - The Future of Real Estate in Serbia
If you found this video helpful, please like, subscribe, and hit the notification bell for more updates on real estate trends and more.
Hashtags:
#RealEstate #Serbia #Belgrade #InvestingInSerbia #HousingMarket #RealEstateTrends #EconomicAnalysis #LivingInSerbia #EuropeanRealEstate #PropertyInvestment
Thank you for watching!
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Timestamps:
00:00 - Introduction
01:15 - Cost of Living
02:29 - Real Estate Prices
05:17 - Residence Permits and Immigration
08:00 - Safety
07:10 - Convenience of Shopping
08:07 - Transportation
09:45 - Verdict: Europe vs Japan
Hashtags:
#Japan #LivingInJapan #CostOfLiving #RealEstate #Immigration #Safety #Convenience #PublicTransport #TravelTips #JapanLife #Europe
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Timestamps:
0:00 - Introduction
0:48 - The Problem of "Okupas" (Spanish Squatters)
2:20 - Airbnb Regulations and Restrictions
4:02 - Legal Pitfalls and Hiring a Lawyer
5:38 - Residence Permit Limitations for Non-EU Citizens
7:28 - Transaction Costs and Additional Fees
08:40 - Mortgage Conditions for Non-Residents
09:20 - Risks of Crowdfunding Real Estate Investments
Hashtags:
#SpanishRealEstate #BuyingPropertyInSpain #RealEstateInvestment #SpanishPropertyMarket #Okupas #AirbnbRegulations #SpainRealEstateCosts #SpainMortgageForForeigners #CrowdfundingRealEstate #PropertyBuyingGuideSpain
Have you considered buying property in Spain, or do you have any experiences to share? Let us know in the comments! See you in the next video!
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In this video, we'll cover:
Where is Uruguay and Key Information: Discover the location and essential details about this hidden gem in South America, known for its stability and high quality of life.
How to Get a Residence Permit in Uruguay: Learn about Uruguay's flexible residency options for retirees, businessmen, digital nomads, employees, and family members of Uruguayans.
How to Get Permanent Residence in Uruguay: Find out the steps to secure your permanent residence in this beautiful country.
How to Get Uruguay Citizenship: Understand the naturalization process, including the timeline and important distinctions between natural-born and naturalized citizens.
Advantages and Disadvantages of Living in Uruguay: Get an honest overview of what it's like to live in Uruguay, including safety, cost of living, tax benefits, and more.
My Personal Verdict:
Uruguay is an excellent option if you want a tranquil life in a stable country. It's perfect for retirees, digital nomads, and those with foreign income. However, it may not be ideal for those seeking rapid business growth or a second citizenship due to its small economy and citizenship legislation.
Engaging Questions:
Does Uruguay sound like the right place for you? Are you considering it for retirement, as a digital nomad, or perhaps as a new tax residency? We'd love to hear your thoughts and any questions you might have in the comments below.
We have plenty of other videos covering life in South America and other destinations abroad, so be sure to check those out too. If you found this video helpful, please give it a thumbs up, and don't forget to subscribe to our channel for more tips and guides on moving and living abroad.
Thanks for watching, and until next time, take care!
Timestamps:
0:00 - Introduction
0:45 - Where is Uruguay and Key Information
1:45 - How to Get a Residence Permit in Uruguay
3:00 - How to Get Uruguay Citizenship
3:45 - Advantages of Living in Uruguay
5:00 - Disadvantages of Living in Uruguay
6:15 - Personal Verdict on Uruguay
7:30 - Engaging Questions and Closing
#Uruguay #MoveToUruguay #LivingInUruguay #UruguayResidency #UruguayCitizenship #Expats #SouthAmerica #Retirement #DigitalNomads #TaxResidency
Today we will talk about Argentina, one of the countries with the highest inflation rates.
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Arriving in Argentina
Arriving in Argentina in 2023 brought to me a few interesting sensations. From one side, I was arriving in what was once one of the wealthiest countries in the world, with beautiful art nouveau architecture, a rich culture and some of the best restaurants you can dream of.
On the other hand, I knew that the wealth of Argentina was mostly a memory from the past. Argentina lost its title of being among the wealthiest countries in the world decades ago, and in recent years it has also lost the title of being a relatively economically stable country to find itself among the most chaotic countries when we talk about economy. Names like Turkey, Venezuela or Iran are often mentioned together with Argentina when we talk about economic disasters in the current century.
The current situation in Argentina
Letโs understand a little bit on why Argentina got to this, and what is the current situation in the country.
Despite the fact the inflation rate in Argentina is currently hovering around 190% per year, according to most sources, that still doesnโt characterize a situation of hyperinflation. The concept is arbitrary, but usually a hyperinflation is the one going above 50% per month. In other words, way more than what is felt in Argentina at the moment.
There are several reasons that brought Argentinaโs economy to its knees. In order not to get too complex on this matter, I will just mention the key reasons.
Excessive public spending is one of the main reasons behind Argentinaโs inflation. Coupled with extreme incompetence from most of the previous governments in the country, Argentina opted for the dangerous path of quantitative easing, which in simple English can be translated as printing money as if there is no tomorrow.
So, what will happen next in Argentina?
A new president has been elected in Argentina. His name is Javier Milei, and he has very ambitious ideas to change the course of the countryโs erratic economy.
Among his plans, the privatization of many of Argentinaโs huge public companies such as Aerolineas Argentinas, the national flag carrier airline.
Apart from that, he also wants to reform the pension system and cut benefits.
One of his main ideas though, is to change the national currency to the US dollar. An idea that has already worked well in South America. Ecuador for example dropped its currency in the year 2000, adopting the US dollar as a legal tender. Things are going good for the Ecuadorian economy, at least when we compare it with the years it had its own currency.
But, as the well known phrase says: In the midst of every crisis lies great opportunity.
How you can benefit from the economic situation in Argentina
So, letโs talk about how you can benefit from the economic situation in Argentina. I am certainly not cheering for things to get worse in Argentina, and I truly hope the country gets back on its economic track in the near future, but, the current chaos in the country offers a window of opportunity for most foreigners visiting the country.
The opportunity for foreigners lies on the bizarre currency exchange system currently in place in Argentina. There are more than 10 types of exchange rates in Argentina. To be honest, I canโt even tell you the exact number of exchange types, as they keep adding more options to the list.
The weird currency exchange system in Argentina
Visa and Residence Permit in Argentina
If you want to stay longer and reside in Argentina, it is also quite easy to get a residence permit in the country.
The best option is to get a residence permit as a rentista. A rentista is a person that has one or several types of income from one or more sources.
For retirees, the amount is the same, but you have to prove you are officially retired in some country. There are no significant differences or benefits between these 2 type of residence permits.
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00:00 Intro
00:55 Living in Czechia: Overview
Czechia is a landlocked nation in Central Europe. Positioned strategically in the heart of Europe, Czechia has a rich history of being influenced and ruled by various empires over the centuries. In its more recent history it was part of Czechoslovakia, went through significant geopolitical changes during the 20th century. In 1993, the country peacefully split into two independent states: the Czech Republic and Slovakia.
As of today, the Czech Republic is a proud member of the European Union, having joined in 2004 alongside Cyprus, Malta, Slovakia, Slovenia, and other Central European nations. Additionally, Czechia is part of the Schengen area, facilitating the free movement of people within this zone. The country however, has not adopted the euro currency, and is one of the few in the European Union with its own national currency, called the Czech crown.
With a robust economy and stable currency, the Czech Republic stands as a well-developed nation within the European Union. It offers an attractive destination for those seeking residence, most for those willing to move to Europe as freelancers or to start a business.
Now, let's delve into the details of residence permits in Czechia for both EU and non-EU citizens.
02:20 Residence Permits in Czech Republic
If you are an EU citizen you can just come to the Czech Republic without much hassle. If you want to stay more than 3 months in the country you need to register your stay. You will need an address to register your stay but this is a pretty straightforward process.
Residence Permit in Czechia (non-EU citizens)
If you are a non-EU citizen however, in Czechia, like in any EU country, it is much harder to actually get residency.
-The most common types of residence permits in Czechia are for employment, or if you have a family member in the country. For employment, it is easier to get a residence permit if you are a health worker or if you have a high paying job in sectors like IT and finance.
Czechia does not have many options for non-EU citizens when it comes to residence permits for people with independent means, but the ones it offers are actually very very good, mostly aimed at freelancers or business owners.
Residence Permit as a self-employed person
Czech Republic is in my opinion the best option to live in Europe if you are a self-employed person and you come from outside the EU.
Czechia Permanent Residence
04:59 Czech Citizenship
Advantages and Disadvantages
05:20 Advantages of living in Czechia
Schengen and EU
One of the most flagrant advantages of moving to the Czech Republic is the fact that you will be living in the Schengen area.
Stable economy
Another advantage that is definitely worth mentioning about living in Czechia is that you will be living in a country with a very stable economy.
Safety
The last advantage I can mention about living in the Czech republic is safety.
07:49 Disadvantages
Cost of Living:
The cost of living in the Czech Republic is from moderate to high, especially when we consider moving to Prague and even to Brno, the second largest city in the country.
Long time for acquiring citizenship:
Getting Czech citizenship is another thing that might be a disadvantage, if you are planning to move to the country with the main goal of becoming a Czech citizen eventually.
#argentina #economy #javiermilei
#switzerland #schweiz #suisse #economy #europe #business
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00:00 Intro
01:32 Cost of living Portugal vs Albania
Our journey begins with a close examination of the cost of living in Albania versus Portugal, where Albania emerges as a compelling contender for expats. Albania boasts a significant advantage, with an average cost of living that is approximately 50% lower than its Portuguese counterpart. This substantial cost difference is reflected in various aspects of daily life, including grocery shopping, essential services, private healthcare, and transportation. Furthermore, navigating bureaucratic processes in Albania proves to be remarkably cost-effective, as various government fees associated with activities such as renewing residence permits and paying property taxes are significantly lower than those in Portugal.
So in terms of cost of living Albania is actually the obvious winner, no surprises here. It is hard to say to whomโฆ
And we cannot talk about the cost of living without mentioning real estate, which is the next topic in our comparison.
02:34 Real Estate in Portugal vs Albania
Real estate prices in Portugal and Albania exhibit significant disparities. For instance, in Portugal, particularly in the capital city of Lisbon, the average rent price for a 1-bedroom apartment in the city center hovers around a substantial 1300 euros per month. In contrast, one can enjoy a comparable standard of living in Albania, particularly in Tirana, for approximately 450 euros per month.
In terms of real estate just as in cost of living in general it is an easy win for Albania.
04:00 Residence Permit Portugal Albania
Now letโs talk about one of the main topics that attracts viewers to this channel - getting a residence permit. And in terms of getting a residence permit, both countries are actually doing pretty well. Portugal certainly lost some of its advantages here, as it attracted huge waves of wealthy immigrants with its now semi-defunct golden visa program. Considering the situation as of today, both Albania and Portugal offer great residence permit options for citizens of countries outside the European Union. In the case of Portugal, it is currently the country in Western Europe with the best residence permit solutions for non-EU citizens.
The case of Albania is a little different, as the country itself is not in the European Union. However, getting a residence permit in Albania is quite easy for most citizens.
But all in all, Albania wins in terms of residence permits, as it is easier to get a residence permit in Albania than it is in Portugal. The reasons behind my opinion are in the following facts:
05:28 Taxes
In terms of taxes I believe you already know who is the winner here, I will even wait a few seconds for you to think about who has the advantage hereโฆ. And it is not Portugal.
06:46 Transport infrastructure
When it comes to transport infrastructure, Portugal and Albania offer contrasting experiences. While Albania boasts a fairly decent international airport in Tirana, making it relatively easy to access from anywhere in Europe, Portugal holds a distinct advantage
07:45 Healthcare
The last topic in our comparison today is healthcare. According to the health index score, Portugal is actually taking the lead when it comes to health care. Portugal is not among the top countries in Europe in terms of health care, which are mostly countries in Scandinavia.
08:30 Verdict
Some countries have extremely bad economies in 2023 and one can see that on how they currencies are performing badly versus the USD.
The Turkish lira, Russian ruble, Argentine peso, Iranian rial are among the top 10 worst currencies in the world.
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In recent years, Portugal has emerged as a shining star among expat destinations, drawing individuals from all over the world. What made this European gem particularly enticing was its D7 visa program, known for its relatively low financial requirements for non-EU citizens, making it easier for them to call Portugal home.
So how is the situation in Portugal in 2024? I will now list what aspects that have changed in Portugal, and the ones that havenโt changed so it can hopefully help you to determine whether the country is still a good option for your needs.
00:00 Intro
01:05 Cost of living in Portugal
A mere decade ago, Portugal was celebrated for being an incredibly affordable country, outshining its European counterparts in terms of cost of living. Back then, it stood as an economic haven, considerably cheaper than the likes of Italy, France, and even Spain.
So if you are moving to Portugal to save money, you should really reconsider your choices, unless you are not going to pay for rent or buy a property. Letโs say if you can live at a friend's place or in your car most of the time, you can still save money by living in Portugal.
03:20 The end of the NHR program
Portugal's Non-Habitual Residence (NHR) program has long been a magnet for individuals seeking tax advantages in Europe. This initiative, introduced a few years ago, granted substantial tax breaks to retirees and digital nomads, making Portugal a standout choice for those wanting to optimize their financial situation. However, the landscape has evolved since then.
04:30 The sort-of end of the Golden Visa program
The Golden Visa program in Portugal once stood as one of the most coveted in Europe, acclaimed for its accessibility. But now things have changed.
06:23 How to Get Portuguese Citizenship
Amidst the changes in various aspects of Portugal's immigration and residency programs, one aspect that has remained consistent is the pathway to Portuguese citizenship. You can still apply for Portuguese citizenship after residing in the country for just six years. This relatively short timeframe, compared to many other nations, continues to make Portugal an attractive option for those seeking to become full-fledged Portuguese citizens. Additionally, Portugal embraces the concept of dual citizenship, allowing individuals to hold Portuguese citizenship alongside their original nationality, provided their country of origin permits dual citizenship as well. This policy is a testament to Portugal's openness and flexibility in welcoming individuals from around the world into its diverse and culturally rich community.
07:23 For whom is Portugal still a good idea?
Retirees
Portugal continues to shine as an enticing choice for retirees, catering to both European Union residents and those from outside the EU, especially those who can leverage the D7 visa program.
Digital nomads
In 2024, Portugal may not be the ideal destination for digital nomads due to several factors.
People looking for a second citizenship and EU passport
Portugal continues to shine as an attractive option in 2024 for individuals seeking a second citizenship and the coveted European Union passport.
Alternatives to Portugal in 2024
In 2024, digital nomads and those seeking alternative options to Portugal may find compelling choices elsewhere.
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PROS:
a) Beautiful scenery: From the Adriatic coastline to the picturesque countryside, Croatia has it all. It is known for its stunning scenery, including the famous Plitvice Lakes National Park and the UNESCO-listed Old Town of Dubrovnik.
b) Rich culture: Croatia has a rich cultural heritage that includes traditional folk music, dance, and festivals. The country is also home to some of the world's most important historical sites, such as the Roman ruins in Pula and the medieval fortresses of Dubrovnik.
c) Affordable cost of living: Compared to other European countries, the cost of living in Croatia is relatively low, making it an attractive destination for expats and retirees.
d) Delicious cuisine: Croatian cuisine is a mix of Mediterranean and Central European flavors and is known for its fresh seafood, hearty stews, and grilled meats.
e) Friendly people: Croatians are known for their hospitality and welcoming nature. They are warm and friendly, making it easy for foreigners to integrate into the local community.
#2 CONS:
a) Bureaucracy: Dealing with bureaucracy in Croatia can be a challenge, as bureaucracy is slow and often not very transparent.
b) Corruption: Corruption is still a problem in Croatia and has a negative impact on the country's economy and society.
c) Unemployment: Although the unemployment rate has improved in recent years, it is still higher than in other European countries, which can make it difficult for Croatian citizens to find work.
d) Limited job opportunities: Job opportunities in Croatia can be limited, especially for young people and those with specialized skills.
e) Slow internet: The internet infrastructure in Croatia is still in its early stages, which can be a hindrance for those who rely on fast internet for work or entertainment.
So, these are five of the pros and five of the cons of being a Croatian citizen. While there are certainly some challenges to living in Croatia, the country is a great place to live, work, and visit. The beautiful scenery, rich culture, and friendly people make it an attractive destination for those who are looking for an affordable and relaxed way of life.
So, why would someone want to become a Croatian Citizen? There are several reasons, such as:
a) Access to the European Union: As a member of the European Union, Croatia offers its citizens access to the EU's single market and the freedom to live, work, and travel within the EU.
b) Quality of life: Croatia offers a high quality of life with a low cost of living, beautiful scenery, and a rich cultural heritage.
c) Healthcare and education: The Croatian healthcare and education systems are among the best in Europe, providing quality services for its citizens.
d) -Croatians can travel to the US visa free. Croatia was just added to the visa waiver countries to the US in 2021. Even some other EU citizens need a pre-arranged visa to travel to the US (Bulgarians, Romanians).
e) -Getting a mortgage in Croatia. If you don't live in Croatia getting a mortgage in Croatia is nearly impossible. But if you have citizenship, some banks will take you.
So, now that we've looked at some of the reasons why someone may want to seek Croatian Citizenship, let's explore the different paths to Citizenship.
Birthright Citizenship: If you are born to a Croatian parent, you may be eligible for Croatian Citizenship by birthright.
Naturalization: If you have lived in Croatia for a certain period of time, usually 8 years, you may be eligible to apply for Citizenship through the naturalization process.
Marriage: If you are married to a Croatian Citizen, you may be eligible to apply for Citizenship through marriage through a faster process. The time requirement living in the country will depend on a number of factors such as when did the Croatian spouse got his or her citizenship, and when the Croatian emigrant left Croatia, if that is the case.
Ancestry: If you have Croatian ancestry, you may be eligible to apply for Citizenship through descent.
Investment: In some cases, it may be possible to obtain Citizenship through investment in the country.
Re-admission: regaining your Croatian Citizenship if you have renounced it previously.
Treaty: Gaining Croatian Citizenship as result of treaty between another country although this is not relevant for most people.
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00:00 What makes a country an easy choice to buy property
01:10 Easiest countries to buy Real Estate in Europe (list)
Spain
First of all, citizens of most countries can buy property in Spain pretty much unrestricted. As a matter of fact, foreigners from outside the EU can even buy land in Spain, which definitely puts the country ahead of most other European countries in terms of how restricted their property market is for foreigners, especially those from outside the European Economic Area.
Serbia
Serbia is another country that deserves a place in our list of the easiest countries to buy property in Europe.
Serbia has a number of advantages for those looking for an easy way to buy property in the country.
There are many areas in the country where property is extremely cheap, and at least one bank in Serbia offers mortgages for non-residents.
While prices per square meter in Belgrade are rather high and rental yields are low, in other parts of the country you can find more substantial bargains, even in the beautiful city of Novi Sad.
Apart from that if you buy property in Serbia you can get a residence permit just because you own a property. This might be a good option.
Portugal
The first reason behind this is that Portugal is one of the easiest countries in Europe to get a mortgage if you are neither a citizen nor a resident of the country. In that sense Portugal is very similar to Spain.
In Portugal some banks are open to giving mortgages to non-resident that have income from abroad. As a matter of fact, theoretically, you can open a bank account and get a mortgage in Portugal without ever visiting the country.
Georgia
Georgia is another country I have decided to add in the list of the Easiest countries to buy real estate in Europe.
As a matter of fact, Georgia has been one of the top countries in the ease of doing business ranking index by the World Bank. So it really comes as no surprise to see that Georgia is also one of the easiest countries to buy a property abroad.
Some banks in Georgia will grant mortgages to non-residents, which is an advantage of very few countries in Europe as you will probably find out if you research more on this matters. Some property developers will also offer deals in Georgia, allowing you to buy a property in the country off-plan.
Turkey
Turkey or Turkiye (the new official country name) is another country that is extremely open for foreign investment, and that also applies to individuals who want to buy property in the country.
Turkey really has a great package of advantages when it comes to buying real estate in the country. From property prices to financing, and from getting a residence permit to even Turkish citizenship, all options are on the table if you want to invest in Turkey.
Property prices in Turkey are more affordable than most other countries in Europe. However, properties in Turkey are not necessarily inferior than in countries with higher price tags. Turkey has some of the most scenic landscapes in Europe and Asia, and although building quality varies, it can also be very good in some areas or projects.
Another advantage is that non-resident foreigners might be able to get a mortgage from some Turkish banks, making the process of acquiring property in the country easier than in countries where this option is not available.
Greece
I personally consider Greece an underrated country, especially among real estate investors looking to get a golden visa in Europe. Let me tell you why.
Greece is a good contenter to letโs say Portugal: it has amazing beaches, great cuisine, people are friendly, and the weather is good during most part of the year. Just like Portugal, Greece is a full European Union member, part of the Schengen area and uses the euro as its currency. Somehow, people are not that interested in Greece. Maybe the taxes play a role here, but, this will only affect you depending on your type of income.
But the truth is, real estate in Greece is cheaper than Portugal. If you compare Athens and Lisbon, Athens is way cheaper. Do you want to compare smaller cities in both countries, they will also be cheaper in Greece. Rural properties? Probably cheaper in Greece.
* = values are approximate, every personal situation must be assessed individually.
* = VAT is not charged if the client is not from the same country you are based at.
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00:00 Intro
01:15 Portugal Visa Rules for 2023
Portugal D7 Visa
Letโs start the video with the Portugal D7 Visa, which is in my opinion, the best visa and/or residence permit arrangement among all EU countries for non-EU citizens.
The D7 visa is basically a visa for non-EU citizens for those earning passive income, may it be from stock dividends, pensions abroad, some remote business and income from real estate. If you are from the EUโฆ
Because of this, I am going to split the D7 into two sections: The Portugal visa for digital nomads, and the visa for retirees.
Portugal visa for digital nomads
Portugal is still one of the top countries receiving digital nomads from the EU as well as from countries outside the EU. Mostly notably, from the US, the UK and Brazil, but also other countries.
By the way we have several videos for those looking to get a digital nomad visa in Europe, so feel free to browse around our channel for more information on that.
The second category of expats that benefits from the D7 are retirees.
The D7 is aimed firstly at those living on passive income, which is the category most retirees around the world can apply to live in Portugal.
The financial requirement for the D7 visa still remains ridiculously low, especially when we compare it to other similar passive residence visas in countries like Spain or France.
Currently, with an income slightly above 700 euros if you are coming alone, and just a bit more than 1000 euros per month if you are coming as a married couple, you can qualify for the D7 visa.
The D2 Visa
In Portugal it is also possible to immigrate to, if you want to run a business. This can be any type of business in theory. If you are a freelancer and want to work in Portugal for Portuguese and international clients, you can use the D2 visa. If you want to open a restaurant or an auto repair shop, you can also use this visa.
The Non-habitual residence
Portugal has a program called the Non-Habitual Residence. This is not really a visa category, but a tool you can use if you are moving to Portugal, especially if you are coming on the D7 visa, and if you are an EU citizen.
With the NHR program (or NHR), you can have a number tax discounts for 10 years. It is definitely not a zero tax solution, as many channels and websites advertise, as the tax discounts will depend on the type of income you have.
Portugal Golden visa
Finally, I am going to talk now about the Portugal Golden Visa.
The Golden Visa in Portugal simply put Portugal on the map of global investors in the past decade. It used to be an amazing deal, you could buy property in any part of Portugal, get a golden visa, start your path to citizenship and just live a happy life.
From the requirements point of view things also have changed, as residential properties in larger cities do not qualify for the golden visa anymore, and financial requirements are significantly higher.
Student Residence Permit in Portugal
Studying in Portugal is another option to move to the country. This is especially a good idea if you are already planning to study abroad anyway. Portuguese universities are significantly cheaper than universities in Canada, Australia, the US, UK and other popular English speaking countries.
Another advantage here is that if you come from a visa free country to the Schengen area, you can come to Portugal visa free, apply to the institution where you are planning to study and get a residence permit without having to go back to our country of origin. So for example if you are from the US or Australia, you can just come to Portugal as a tourist, enroll to some education degree which makes you eligible for a residence permit, and then you can just live in Portugal.
Work permit in Portugal
The tricky part here is definitely being offered a job, as the Portuguese job market is far away from booming.
There is also a similar advantage as to students in regards to getting a work permit. If you come to Portugal and you can stay visa free for up to 90 days, if in this period you miraculously manage to find a job, you can then change your status from a short term visitor to a resident in the country.
Overall situation
For this year Portugal still remains one of the best and easiest countries to move to in Europe.
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00:00 Intro
01:35 Easiest countries to retire
Uruguay
We will start our list with the easiest countries to retire in South America, this time with Uruguay.
Uruguay is one of the best countries in Latin America for quality of life. Its capital Montevideo or the resort city of Punta del Este are safer than many similar sized cities in Europe and North America.
The financial requirement to retire in Uruguay involves earning 1500 USD per month. The advantage here is that this income doesnโt necessarily need to be exclusively from your pension income. If you have a house that you rent in a different country, and the rent is 1500 USD. Or if the combined rental income plus the pension amounts to 1500 USD or more, you can retire in Uruguay.
Thailand
The second country in the list is Thailand. Thailand is not the easiest country to retire in this list, but I decided to add it anyway since it is one of the best countries in the world to retire.
There are basically two viable ways to retire in Thailand. The first way is the proper Thai retirement visa. In this visa category you need to be an actual retiree with a foreign pension which translates to roughly 1900 USD per month. This visa is only available for citizens of certain countries such as the US, UK, Canada, Australia and some European countries like Germany, Italy and Denmark.
The other option is the Thai elite visa, which is more flexible than the visa for retirees but involves a more substantial financial investment. The Thai elite visa is available for 5, 10 or 20 years, and each visa involves a different investment dubbed as a membership fee.
Cambodia
If you really like the Southeastern part of Asia but you need an easier, cheaper option to retire than Thailand I present to you Cambodia.
While Cambodia is certainly less developed than Thailand in basically every aspect of the countryโs public infrastructure, it will be cheaper not only to get a residence permit in Cambodia, but oftentimes also to live in Thailandโs most famous Eastern neighbor.
While Cambodia for many years was only a destination for visa runs for those wanting to stay longer in Thailand, recently the country has become more and more appealing for a number of reasons.
Portugal
As in almost any video we have here on the channel, for one reason or the other we end up talking about Portugal, and this time it is no different.
Portugal is the easiest country to retire in Western Europe if you are a non-EU citizen. So if you are a citizen of the United States, Canada, the UK, Brazil or India, and you want to retire in Western Europe, Portugal is probably your best shot.
And why is Portugal the easiest country to retire in Western Europe? Simply because they have a visa category for passive income earners, with a lower financial retirement than in most other EU countries that offer similar visas.
Bulgaria
The next country is also in Europe, and in the European Union, but totally on the opposite side of the continent, we are talking about Bulgaria.
Bulgaria is, as a matter of fact, one of the few countries in the Eastern part of the continent which are also part of the European Union that have a specific visa category for retirees.
Colombia
Back to South America again we are going to talk about Colombia.
Colombia is probably the most up and coming destination for retirees, expats, digital nomads, long term travelers and even drifters. It is actually pretty easy to understand why Colombia suits almost anyone willing to move abroad.
If you have a foreign pension above roughly 750 USD per month, you can get a residence permit in Colombia as a retiree. Colombia has one of the lowest financial requirements among the countries featured in this video.
Mexico
As we approach the end of the video we are going to travel a bit north from Colombia to one of the top retirement destinations especially for those living in the US and Canada, we are going to talk about Mexico.
Paraguay
Paraguay is another country I have decided to add to the list for two specific reasons: it is one of the easiest countries for you to get permanent residency in the world, which definitely helps one to have a less bureaucratic stay in your new country, and because of its tax system.
Albania
Albania is the last country in todayโs list, but that doesnโt make it any harder for you to retire there.
There are two critical advantages that make Albania one of the easiest countries to immigrate to, especially for non-EU citizens.
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00:00 Intro
Weather
We will start this video talking about the weather in Spain. If you donโt live in Spain or especially if you have never been to the country, you can imagine Spain as this sunny place where the weather is always perfect for a stroll in the evening or for going to the beach.
This is actually true, but it only applies to very specific areas of Spain. Despite its relatively small size, if we compare Spain to countries like the US or Canada, Spain actually has a pretty diverse climate.
01:37 Taxes in Spain
Now we are going to talk about what is probably the worst aspect about living in Spain, at least in my opinion what is the worst aspect about it. We are going to talk about taxes.
Spain, just like most Western European countries, is what one can call an ultra high income tax country. If you live in the US, Canada, the UK and Australia, and you think your income tax bill is high, in Spain, it can be even higher.
Citizens from Latin America
Citizens of former Spanish colonies, and some other countries like Brazil, Andorra, Portugal and the Philippines have some advantages when living in Spain. Even within these group of countries that are some differences, but overall they are privileged.
The main privilege is that citizens of these countries can apply for Spanish citizenship after living just 2 years in Spain, while citizens of other countries, including EU members, will usually need to live 10 years in Spain to be eligible to apply for citizenship.
03:44 Real Estate in Spain
Now I am going to talk about Real Estate, and then about Cost of Living, since these 2 topics are strongly related.
So firstly regarding real estate, I would consider Spain as one of the countries with the highest price differences per square meter or feet, when comparing prime locations and locations with low demand.
While the price per square meter in central madrid hovers around 5000 euros, it is not extremely difficult to find properties in Spain with prices per square meter below 1000 euros. In cities like Jerez de la Frontera or Cordoba in the South, or even in the North in places like Oviedo, you can easily get a nice looking apartment in a decent area for 1000 euros per sq meter, and at times even below that.
04:51 Cost of Living in Spain
Following real estate we obviously have to talk about the cost of living.
The cost of living is another aspect you should consider when moving to Spain. Not only to Spain as a matter of fact, but to any country. This is actually one of main positive points about living in Spain, especially when compared to, once again, Western Europe.
Of course, there are cities and areas in Spain which are notable for their high cost of living. If you want to live in Central Madrid or next to a beach in Barcelona, every aspect of your very existence will involve relentlessly high costs. But that doesnโt really apply to most of the country.
You can start with your learning curve even before traveling to the country. You donโt really have to invest a penny on this, because, as I said, the number of free resources is definitely above the speed you can consume them.
Learning Spanish can also be the grounds for getting a residence permit in Spain, which is the next topic we are going to talk about.
Residence Permit
Now letโs talk about getting a residence permit in Spain. This is another positive aspect about Spain, as it is easier to get a residence permit in the country than in most other Western European countries.
There are really a lot of categories to get a residence permit in Spain. Apart from the most common routes like having an EU family member, being a student or finding a job, you have other pretty interesting options.
Quality of Life
Finally, the last point I am going to address about living in Spain is its high quality of life. The quality of life in Spain is one of the highest in the world. Even in Europe, when compared to other countries with a high quality of living, Spain has many advantages. For example, it is safer than France or Belgium, warmer than the Netherlands or Sweden, and cheaper than Denmark or Switzerland.
So basically moving to Spain will give you some excellent aspects in your quality of life that you will not get in most countries in the world: safety, good weather during most of the year, and an overall stable political and social scenario.
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Where is Ireland
As you know, the topic of todayโs video is moving to Ireland, so letโs do a little introduction about the country . The Republic of Ireland is a country in the Northern part of Western Europe. The country is a member of the European Union, uses the euro as its currency, but is not part of the Schengen area. It is, uniquely in a way, the only EU country in a free movement area with the UK.
Residence Permit in Ireland (EU citizens)
If you are an EU citizen you can just come to Ireland without much hassle. If you want to stay more than 3 months you need a reason to be in Ireland. But as an EU citizen if you have enough money to stay in the country and cover your health insurance cost, that is enough of a reason. Other reasons can be the usual ones like working as an employee or self-employed, being a student, etc.
Residence Permit in Ireland (non-EU citizens)
If you are a non-EU citizen however, in Ireland, like in any EU country, it is much harder to actually get residency. Ireland is definitely not the easiest country to move to Europe if you are a non-EU citizen. That does not apply to UK citizens, who can freely live and work in Ireland.
Golden Visa in Ireland
If you are wealthy and donโt want to deal with a lot of bureaucracy you may just want to invest in Ireland and get a golden visa in the country.
The golden visa (or Investor Visa as it is called in Ireland) has a lot of advantages compared to a normal resident permit, such as being able to come and go as you please from Ireland and obviously stay as much as you want.
There are a few categories of investment for the Golden Visa in Ireland, the Irish Golden Visa grew popular in recent years, as the UK made it almost impossible for investors to move to the country just based on passive investing.
Among the requirements you will need to prove you have a net worth of 2 million euros. Then, considering you have such net worth you can pick one of the several options to invest in Ireland and get your investor visa.
Ireland Permanent Residence Permit
To become a permanent resident in Ireland you have to live in the country for at least 5 years. One important aspect is that years studying in Ireland do not count towards permanent residence or citizenship. So Ireland is probably not the best option if you want to move there as a student to make your years towards citizenship or PR count right from the start.
Irish Citizenship
Irish citizenship is one of the best arrangements one can possibly have in terms of nationality. The reason is pretty simple. Since Ireland is in the EU, Irish citizens can live and work in any country member of the bloc with minimum bureaucracy. But that is probably nothing new and if you watch the channel you know that EU citizens can work and live in any EU country.
The difference is that Ireland has an agreement with the UK as well. In other words, Irish citizens can also work in the UK and in the EU with minimal bureaucracy involved. Ireland is the ONLY country whose every citizen can work in the EU and in the UK relatively without any restriction.
Advantages of living in Ireland:
-English speaking country
The fact that Ireland is one of the very few countries in Europe in which the English language is official is definitely an advantage worth mentioning about the country.
-Good location
Ireland enjoys a privileged location in Europe, especially if you are from North America.
-Visa policy
Despite the fact that Ireland is in the European Union, the country is not in the Schengen area and neither it is planning to join it.
Disadvantages
-Weather
-Cost of living
-Taxes on personal income
Taxes on personal income, unlike those for corporations, are actually high in Ireland, especially if you are a high earner. If you are earning anything above 5000 euros per month, Ireland is already not an attractive place tax wise. If we combine the high taxes on personal income with the sky high rent prices in Dublin for example, we can easily conclude that the Irish capital is one of the hardest places to save money if you work remotely.
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00:00 Intro
Today we are going to talk about the cheapest countries to invest in real estate. You may want to invest in a property to run an airbnb, or to find long term tenants, you can also choose to invest in property to buy, renovate and resell the property.
01:08 Country List
Montenegro
Montenegro is the first country in our list today, and actually it is one that I see most frequently here.
Montenegro has some of the cheapest property prices in Europe, but the prices vary wildly around the country. We can basically divide the country in three regions regarding prices.
The coast.
The capital.
The rest of the country.
Montenegro is likely to join the European Union in the coming years, bringing more stability and less corruption to the country in the long term, which then, obviously, attract more investment and qualified expats.
Albania
Albania, which is Montenegroโs neighbor to the South, is, in my opinion, one of the best markets to invest in Europe right now. Letโs see why?
In Saranda for example in the South of the country, there are studio flats available for as little as 30 thousand euros. Saranda is just a short ferry right from the Greek island of Corfu, where real estate can easily cost thrice as much.
Cambodia
Cambodia is a country that you may want to consider for a property investment if you want to focus in Southeast Asia.
Cambodia has a striking advantage compared to most European countries and even many Latin American countries: its natural population growth. Only this fact will represent a guaranteed demand for real estate in the main cities throughout the country, while in Europe, even in bigger cities, this cannot be guaranteed considering the natural growth rate.
Romania
Romania is another option for those to invest in real estate in the European Union, at a relative low cost.
Although Romania is a full EU member, it is usually ignored by investors and digital nomads for a number of reasons.
First of all, Romania is still not part of the Schengen free movement area. So, whenever you will be traveling from Romania to any other European country, you will actually have your passport checked.
Apart from these reasons, Romania can be an excellent place to invest in real estate. The capital Bucharest, with almost 2 million inhabitants, is one of the cheapest capitals in Europe, with a price per square meter hovering around 2300 dollars in its central district.
Georgia
Georgia is another country that is worth checking out if you want to invest in real estate on the cheap.
Iโve made a few videos about Georgia so you probably know that in the past two decades Georgia became a business hub in its region, and one of the best ranked countries in the Ease of doing business rank by the world bank.
Prices overall per square feet or meter are low in Georgia, compared to most countries in Europe as well as many countries in the Middle East.
The price per square meter in the capital Tblisi is currently hovering around 1800 dollars, but it is not uncommon to find properties for cheaper prices especially in the outskirts of the city.
Turkey
Turkey is a country that could not be ignored in this list, as it has some pretty affordable real estate all around the country.
Turkey, which now is officially named Turkiye, has affordable properties for all types of buyers. Do you own a modern condo in a bustling area of a large city? Or maybe you want a countryside property, or even a studio by the sea? You can find all of this in Turkey for a fraction of what it costs virtually anywhere in the European Union and definitely way less than anything similar in the United States.
Hungary - DONE
Hungary is the last country in our list today, and the reason why Hungary is here is because it is in a very special situation in terms of the property market.
First, the Hungarian economy and politics
Secondly, the Hungarian currency
The Hungarian location (tourism demand)
Higher risk (political, economic)
Prices per square meter in the capital Budapest hover around 2500 euros per square meter.
If you wander beyond Budapest you can definitely get much better deals.
Finally, it is relatively easy to get a residence permit in Hungary by starting a company to manage your real estate, an opportunity which is not available in most EU countries.
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The first great advantage of living in Portugal is how inexpensive it is to get a residence permit in the country.
As you probably know there are many ways to become a resident in Portugal, may it be with the D7 visa for passive income earners, or the D2 visa if you want to start a business, or simply by finding a job, Portugal is really, really flexible when it comes to allowing you to stay in the country.
First of all most European countries do not even have a residence permit category for retirees or passive income earners. Letโs say if you want to retire in Germany or Croatia, there is no specific residence permit category for you to do so. But in Portugal that will certainly not be a problem, as you can use the D7 visa as a gateway to reside in Portugal as a retiree.
Citizenship After 5 years
One of the key advantages of Portugal is how fast you can get Portuguese citizenship, and thus, become an EU citizen, compared to the majority of other EU nations.
In Portugal you need to reside constantly in the country for just 5 years before you can apply for citizenship.
I believe this is a huge advantage especially if your ultimate goal is not just living in Europe but also becoming an EU citizen.
One can definitely argue that 5 years is a long time, but the truth is: in most other countries you will need to live considerably more time before you can apply for citizenship.
If we check the nationality law of other EU countries, we can confirm that. Letโs take the example of Germany. In normal circumstances, you need to live in Germany 8 years before you can apply.
In Spain, just next to Portugal, you need to live 10 years in normal circumstances before you can apply for citizenship. There are exceptions that may allow you to apply for citizenship in Spain in just 2 years, but for most foreigners in the country, you need to do the 10 years.
In Austria or in Latvia for example, you will need 10 years to apply before you can apply for citizenship in most cases.
Potentially the best climate in Europe
One of the most obvious advantages of living in Portugal is the climate. The coast of Portugal especially has what is likely to be the best climate of Europe, letโs understand why.
Easy Access to the UK and North America - DONE
An important advantage of living in Portugal is how well it is connected to other countries in North and South America, as well as in Europe.
If you live in the US, especially in the East Coast, as well as in Canada, there are direct flights to Portugal. The same applies to Brazil and Argentina.
Relatively low cost of living
The next advantage is perhaps the most relevant one regarding Portugal, and it is the relatively low cost of living of the country.
A good part of those interested in moving to Portugal are not actually looking to find a job in Portugal. They are usually digital nomads, retirees and investors. Apart from all the other advantages previously mentioned, Portugal manages to attract people with a single and yet effective proposition: you will spend less here than in the country where you are coming from.
Safety
Now letโs talk about Safety, which is the next advantage of living in Portugal. People who are not from Europe sometimes tend to imagine that the whole continent has similar levels of safety, but that is not really the case. Some European cities are specifically problematic when it comes to public safety, like Malmo in Sweden or Marseille in France.
In Portugal however, things are different.
Portugal is actually one of the safest countries not only in Europe, but in the world.
Wealth protection (euro safety)
The next advantage of living in Portugal is that you will be able to protect your wealth better in Portugal than in a number of countries. If you are from the US, UK or somewhere in the EU it will not really make any significant difference, but if you are from some more economically volatile country, this is certainly going to keep your wealth safe.
Taxes for Expats
The last advantage of Portugal is its tax system for expats. This only applies for some kinds of expats, as the normal tax rates in Portugal are pretty high and comparable to other high tax countries in Europe like Germany or Denmark.
But, if you have never lived in Portugal you can benefit from the non habitual residence program. For a period of 10 years you can have some tax exemptions for some types of income, and some tax discounts for other types of income.
The average condo price in Los Angeles is currently at 610k USD according to Norada.
But what can you get for this price abroad?
Letโs check some examples:
You can get this beautiful house in Portugal, which includes a land plot exceeding 30k sq feet. On top of that you can benefit from the Portugal NHR program and pay much less taxes than in California
source: idealista.pt
Or you can live in this villa in Dubai and enjoy living in the UAE paying zero income tax for the same price of the average condo in California. But the Dubai villa has 1,878 sqft, way more than the average Cali condo.
source: propertyfinder.ae
Finally you can also opt for this villa in Montenegro, and enjoy the idyllic landscapes of this country in Southeastern Europe. For even less than the average condo price in California.
Much more space, less taxes and even a cheaper price.
source: Nur properties Montenegro nurproperties.com
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00:00 Intro
01:35 Best Countries for Digital Nomads Outside Europe
Turkey
We will start our video with Turkey, which actually has part of its territory in Europe, but the majority of Turkish lands are in Asia.
As of today, there is still no specific digital nomad visa or residence permit in Turkey, but it is extremely easy to enter Turkey as a tourist and convert your tourism stay into a residence permit.
Turkey is also pretty flexible on its visa policy, so citizens of countries that normally need a visa to travel to North America and Europe, have a good chance of entering Turkey visa free.
Thailand
The second country is Thailand, known for decades as the paradise for expats. Since remote working became a mass phenomenon, it would be just logical that digital workers would flock to Thailand for its limitless advantages.
Thailand has everything a digital nomad can expect from a great destination that is fun and at the same time boosts your productivity. Thailand is safe, it offers all kinds of entertainment, most of its cities are pretty cheap, and it is quite easy to meet other digital nomads in the country to brainstorm your next big ideas.
Indonesia
Indonesia is the next best country in Asia for digital nomads, notably on the island of Bali. Bali is launching its digital nomad visa, which can last for up to 5 years, making the life of remote workers on the island extremely flexible.
The new Bali digital nomad visa is bringing a lot of interest from digital nomads around the world. Not only can you get a 5 year visa straight away, while in the majority of countries the digital nomad visa is valid for one or two years, you will also not have to pay taxes during your stay in Bali.
UAE
The United Arab Emirates is the next option in todayโs list of the best countries for digital nomads outside Europe.
The UAE has a lot of advantages for short term and long term digital nomads. In this Middle Eastern country you will find global hubs like Abu Dhabi and Dubai, have the opportunity to meet like-minded people while building your wealth in a tax free jurisdiction.
There are many ways to establish residency in the UAE. The best one is by opening a company in the country. But there is also a new visa for digital nomads, which has relatively high financial requirements, requiring you to show an income of at least 5k USD to be able to reside in Dubai.
Mexico
Mexico is probably one of the first countries people consider to work remotely, especially among digital nomads from the US and Canada.
Mexico doesnโt have a specific type of visa for digital nomads, but since it has been a top destination for passive income earners and retirees for decades, the immigration policy of Mexico is extremely favorable for those who are not working or Mexican clients.
Brazil
Brazil is the last country in the Americas featured in this video of the best countries to be a digital nomad outside Europe.
The attractiveness of Brazil actually increased sharply this year, as the economic conditions in Europe became more challenging.
On top of that, Brazil also launched its digital nomad visa, which is more flexible and has lower financial requirements than most digital nomad visas in the Northern Hemisphere.
The minimum monthly income to get a Brazilian digital nomad visa is of 1500 USD per month, which can also be replaced by having a bank balance north of 18000 USD.
Africa
Mauritius
Mauritius is my personal favorite country in Africa if you want to work remotely from this continent. Located on the Indian Ocean, this island nation is one of the wealthiest and most diverse countries in Africa.
Mauritius has a visa category called Premium visa, which fits perfectly with most digital nomads. All the process to acquire this visa is done online, without the need to deal with embassies or consulates.
One of the best things about this visa is that it does not have a minimum income requirement, which is almost always the case for digital nomad visas around the world.
Cape Verde - DONE
Cape Verde is the last country in our list today, and definitely an excellent choice if you want an exotic experience on the coast of the African continent.
Cape Verde was one of the first countries in Africa to introduce a digital nomad visa, but that is definitely not the only reason why this nation has a place in our list today.
In Monaco, residents pay zero income and capital gains tax, but there is a catch.
List of Asian countries:
A
Afghanistan
Armenia
Azerbaijan
B
Bahrain
Bangladesh
Bhutan
Brunei
C
Cambodia
China
Cyprus
G
Georgia
I
India
Indonesia
Iran
Iraq
Israel
J
Japan
Jordan
K
Kazakhstan
Kuwait
Kyrgyzstan
L
Laos
Lebanon
M
Malaysia
Maldives
Mongolia
Myanmar
N
Nepal
North Korea
O
Oman
P
Pakistan
Palestine
Philippines
Q
Qatar
R
Russia
S
Saudi Arabia
Singapore
South Korea
Sri Lanka
Syria
T
Taiwan
Tajikistan
Thailand
Timor-Leste
Turkey
Turkmenistan
U
United Arab Emirates (UAE)
Uzbekistan
V
Vietnam
Y
Yemen
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00:00 Intro
00:31 Countries
Malta
Malta is the first country in our list of the 7 countries to invest in Europe, and it has indeed a number of positive aspects that are already attracting investors worldwide to the country.
We can start with the fact that Malta is one of the few countries where English is an official language in the European Union, together with Ireland. This per se already brings its own advantages when dealing with business contracts for example.
Malta is also the fastest growing country in South Europe when we talk about population, which reflects on a thriving real estate market in the island country.
Montenegro
Montenegro is the second country in our list today and actually has a lot of similarities with Malta. It is a small country, it uses the euro as its currency, and it starts with M.
Jokes aside, Montenegro's key advantages are related to its low cost of running a business, as well as low corporate and personal income tax.
One of the reasons why I chose Montenegro is because there is a high chance of the country joining the EU in this decade. At the moment, there is still no official date for this to happen, but some EU officials speculate that this can happen as soon as 2025.
When Montenegro joins the European Union we can expect a higher inflow of people and capital to this small Balkan nation.
Ireland
Ireland is another country that deserves a place in the list of the best countries to invest in Europe.
One of the key advantages of Ireland is its hybrid situation. It is at the same time a member of the European Union, while also keeping a number of agreements with the United Kingdom.
Citizens of Ireland can for example live and work in the UK, which is something not available for EU citizens anymore, unless they arrange a work visa after Brexit.
If you reside in Ireland for 5 consecutive years you can apply for Irish citizenship, one of the most powerful passports in the world.
Czech Republic
The Czech Republic, also now referred to as Czechia, is, in my opinion, one of the best countries to invest in Europe.
Some of the key advantages of the Czech Republic are a low level bureaucracy and low tax rates when compared to other Central European countries like Poland or Hungary.
Albania - DONE
Albania is the next country I would consider for an investment in Europe. The main reasons for this are: a lot of room to improve in terms of infrastructure, various underdeveloped economic sectors, safe and strategic location, and low taxes.
The first reason why I believe Albania is a good place to invest is that it still has a largely underdeveloped transport and tourism infrastructure when compared to other countries nearby like Italy and Greece. As Albania is building new roads, airports and ports with funds from foreign investors, I believe more and more people will be attracted to visit and invest in the country.
Real estate in Albania is among the cheapest if we consider all the coast of the Adriatic and the Ionian sea. Cities like Vlore and Saranda offer properties for a fraction of what they would cost in Croatia or Greece, and it is even considerably cheaper than Montenegro.
Andorra
Andorra is another of my favorite countries in Europe, and probably a good idea if you want to invest in Western Europe.
One of the reasons why Andorra is a good pick in my opinion is because the country is rarely in the media, and usually the best investment opportunities exist when most people are not talking about it.
The country has a steady population growth, with a striving real estate market, making the overall economic conditions in Andorra rather favorable.
Cyprus
Cyprus is the last country in our list today and one of the best countries to invest in Europe, especially if you are starting or running an online business or if you are a stock investor.
There are three points that made me put Cyprus on the list: net population growth, low taxes and flexible immigration policy.
So, Cyprus is an island nation on the Mediterranean, but unlike its two closest historical neighbors Greece and Turkey, things are going pretty well in Cyprus when it comes to its economy.
Cyprus has low corporate tax rates, and a non-dom regime for expats that chose to live on the island with a number of tax advantages. Just these two things have helped Cyprus to attract foreign talent and foreign money constantly
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00:00 Intro
01:51 Residence Permit in Greece
Residence Permit in Greece (EU citizens)
If you are an EU citizen you can just come to Greece without much hassle. If you want to stay more than 3 months in the country you need to register your stay. You will need an address to register your stay but this is a pretty straightforward process.
Residence Permit in Greece (non-EU citizens)
If you are a non-EU citizen however, in Greece, like in any EU country, it is much harder to actually get residency. But Greece does offer some interesting options for non-EU citizens, especially for digital nomads, retirees and investors.
Digital Nomad Visa in Greece
Greece was one of the first countries in the European Union to make a digital nomad visa available for non-EU citizens. So if you already work remotely and have a decent income, you can work from Greece and enjoy the benefits of living in the country.
The financial requirements for the Digital Nomad Visa in Greece are the following:
You must have a remote income of at least 3500 euros per month. I would call this financial requirement pretty high, as you can easily get a residence permit in the neighboring country of Albania even earning half of this.
The digital nomad visa in Greece can be issued for up to 2 years.
One of the main advantages of the digital nomad visa in Greece is that you will have tax breaks. For a limited number of years, you will be eligible to pay just 50% of income tax that you would normally pay if you were an average, letโs say, Greek resident. But of course, it is important to remember that Greece is an ultra high tax country, so even at 50% of the normal taxes, it is not an amazing deal.
04:34 Golden Visa in Greece
If you are wealthy and donโt want to deal with a lot of bureaucracy you may just want to invest in Greece and get a golden visa in the country.
The golden visa has a lot of advantages compared to a normal resident permit, such as being able to stay in Greece minimally during the year and being able to renew it. The normal residence permits on the other hand will require a stay of more than 6 months per year in order to be eligible for a renewal.
There are many categories of investment for the Golden Visa in Greece, which is one of the main advantages of the Greek golden visa compared to some other European investment Visas.
Greece also has some of the lowest investment requirements among European countries offering similar options.
The cheapest option to obtain the Greek Golden visa is to make an investment of 250k EUR in real estate in the country. There are other interesting options as well.
If you park 400k in a Greek bank account you will be also eligible for the Greek golden visa. This option is especially good if you donโt want to deal with real estate and you have a risk averse profile.
There are a few other options to get the Greek golden visa, but these two are the best in my opinion. There isnโt any golden visa with an investment below 250k either.
Greece Permanent Residence
Usually permanent residence in Greece is granted for those who live consecutively in Greece for 5 years on a temporary permit. This applies to both non-EU and EU nationals. However, to non-EU nationals stricter rules apply, as one cannot be outside the country for more than 10 months during the 5 years prior to the application.
06:16 Greek Citizenship by Naturalization
If you want to acquire Greek citizenship through naturalization you will have to reside in the country for at least 7 years to become eligible for it.
Greece allows dual citizenship. So as long as the other country you have citizenship also allows dual citizenship, you will be able to be a citizen of Greece and other countries at the same time.
06:48 Advantages of living in Greece:
-Excellent weather
Mild winter, seabreeze, most of the country
-European Union (stable currency)
Euro bank stability
Even during Greek crisis
Hyperinflation
-Schengen area
Freedom of movement
-Low cost of living (eurozone)
-Good residence permit options
Golden visa, passive residence permit
-Low foreign pension tax
Disadvantages
-Taxes and bureaucracy
44% highest personal income tax bracket
Ease of doing business low rank, below Peru and Tunisia
-Stagnant economy
Building ships and tourism


