WOOT! Forbes lists Philippines as 1 of 20 best retirement havens for 2015
Taal Volcano as seen from Tagaytay. The latter is considered one of the country's coolest destinations year-round, and among the favorite retirement havens for foreigners. AFP FILE PHOTO
InterAksyon.com
The online news portal of TV5
The online news portal of TV5
MANILA - The Philippines is one of the “20 Best Foreign Retirement Havens for 2015,” considering factors such as taxes and the cost of living, according to US business magazine Forbes.
In a recent article, Forbes said the country was best for US retirees since “the principal appeal of the Philippines is a low cost of living in a tropical environment full of English speakers and outdoor beauty.”
It further noted how foreign income in the country is untaxed, and permanent residency can be had on a minimal showing of retirement income.
“Popular locations include Tagaytay, a suburb of Manila, the capital, that is elevated and therefore cooler and Subic Bay, with an infrastructure from the old US Navy base,” Forbes said on its website.
It also mentioned the ease of return to the US with non-stop flights between Manila and the US averaging 15 hours.
Aside from Philippines, other countries on the list include Australia, Belize, Canada, Chile, Colombia, Costa Rica, Croatia, Ecuador, France, Ireland, Italy, Malaysia, Mexico, Nicaragua, Panama, Portugal, Spain, Thailand, and Uruguay.
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