SUMMARY
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MANILA, Philippines – In a further nod to the improving global image of the country, Forbes Magazine recently featured the Philippines as one of the 20 best retirement havens for Americans.
“For US retirees, the principal appeal of the Philippines is a low cost of living in a tropical environment full of English speakers and outdoor beauty,” said the internationally renowned US business magazine.
It said popular retirement locations for Americans in the Philippines include Tagaytay and Subic Freeport.
Forbes also cited the non-taxation of foreign income, and that permanent residency can be obtained with a minimal showing of retirement income as other factors for its choice of the Philippines.
Forbes stated that the possibility of enjoying a higher standard of living at lower cost in foreign locations of natural beauty, appealing culture, and great charm is the primary draw for Americans looking to retire abroad.
The other 19 countries are:
- Australia
- Belize
- Canada
- Chile
- Colombia
- Costa Rica
- Croatia
- Ecuador
- France
- Ireland
- Italy
- Malaysia
- Mexico
- Nicaragua
- Panama
- Portugal
- Spain
- Thailand
- Uruguay
Forbes cited among its criteria for selection political stability, and said that while a few countries on the list still have areas with unrest or crime, they’re easy to stay away from.
The countries were arranged in alphabetical order. – Rappler.com
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