15 Top Countries for Retirement Visas: Best Destinations

Islamabad, Apr 10, 2025: Considering spending your retirement years basking in the sun, immersing yourself in diverse cultures, and enjoying a laid-back lifestyle?

A retirement visa could be the ideal choice, offering you legal residency and access to a fulfilling lifestyle—whether it’s on a sunny beach, in a picturesque town, or somewhere with high-quality, affordable healthcare. Below is a detailed list of countries offering retirement visas, including income prerequisites, residency benefits, and why each destination stands out for retirees.

What is a Retirement Visas?

A retirement visa is a long-term residency permit provided to foreigners who are no longer working but have a reliable source of income, typically from pensions, rental properties, or investments.

Why Choose a Retirement Visa?

Live legally in your dream location
Access to both public and private healthcare options
Potential path to permanent residency or citizenship
Experience a lower cost of living and a new culture
Tax advantages on foreign income in some nations

Top 15 Countries Offering Retirement Visas in 2025 Here’s a selection of top countries ideal for retirees, known for their high quality of life, affordability, and straightforward immigration procedures.

Portugal
- Visa: D7 Passive Income Visa
- Income Requirement: €870/month (~US$930)
- Extras: Proof of €10,440 in bank balance, accommodation, and a clean record
- Perks: Excellent healthcare and a Mediterranean climate
- Citizenship Path: Eligible after 5 years
Spain
- Visa: Non-Lucrative Visa
- Income Requirement: €2,150/month (~US$2,330)
- Extras: Health insurance, accommodation, and a clean record
- Perks: Access to public healthcare and rich cultural experiences
- Citizenship Path: 10 years (may require renouncing original citizenship)

Indonesia
- Visa: Retirement KITAS
- Income Requirement: US$1,500/month
- Extras: Health insurance, local sponsor, age 55+
- Duration: Renewable annually (up to 6 years)
- Perks: Affordable living and options for permanent residency
Thailand
- Visa: Non-Immigrant “O-A” Visa
- Income Requirement: US$2,000/month or THB 800,000 in savings
- Extras: Health insurance, age 50+
- Duration: Renewable annually
- Perks: Top-notch healthcare and a welcoming expat community
Ecuador
- Visa: Pensioner (Jubilado) Visa
- Income Requirement: US$1,410/month
- Extras: Health insurance and clean record
- Perks: Low cost of living and potential for permanent residency within 21 months
Argentina
- Visa: Pensionado or Rentista Visa
- Income Requirement: US$1,390/month (~US$2,000 informally)
- Extras: Proof of address and clean record
- Perks: Renewable visa with multiple entries and a vibrant culture
Costa Rica
- Visa: Pensionado Visa
- Income Requirement: US$1,000/month
- Extras: Enrollment in the public health system and a clean record
- Perks: Universal healthcare and an eco-friendly environment
Panama
- Visa: Pensionado Visa
- Income Requirement: US$1,000/month (or $750 with property)
- Extras: Panamanian health certificate and a clean record
- Perks: Senior discounts and a robust expat community
Mexico
- Visa: Temporary Resident Visa
- Income Requirement: US$7,300/month or US$293,000 in savings
- Extras: Consular interview
- Duration: Up to 4 years
- Perks: Proximity to the U.S. and affordable private healthcare
Malaysia

Visa: Malaysia My Second Home (MM2H)
Income Requirement: RM 40,000/month (~US$8,400) or fixed deposit
Extras: Age 35+, asset and income minimums, fixed deposit
Duration: 5–10 years
Perks: Modern infrastructure and top-tier private healthcare