Tips - Retirement Visa Requirements
Ever dreamed of retiring abroad? We’ve put together a comprehensive guide on the "passive income" financial requirements for retirement visas in various countries. You might be surprised by both the low and high thresholds some nations set. Whether you're eyeing a cozy spot in the sun or a vibrant cityscape, our list will help you understand what you need to secure your retirement dream. Dive in to discover which countries offer the best opportunities for your golden years and find out how to make your international retirement a reality!
South America & The Caribbean
ARGENTINA:
Minimum Income Required: Monthly income worth 5x Argentina's minimum wage: As of February 2024, Argentina's minimum monthly wage is 180,000 ARS (~$201)
Official page: https://www.argentina.gob.ar/servicio/obtener-una-residencia-temporaria-como-pensionado
BELIZE:
Minimum Income Required: At least 2,000 US dollars per month, or 24,000 per year (or equivalent in a foreign currency approved by the government of Belize), generated from a source outside the country. Minimum age: 40.
Official page: https://www.belizetourismboard.org/programs-events/retirement-program/
BRAZIL:
Minimum Income Required: A monthly income of at least US$ 1,500 or bank statements showing at least US$ 18,000 available in the account.
Official page: https://www.gov.br/mre/pt-br/embaixada-abu-dhabi/abu-dhabi-arquivos/english/consular-services/visa/types-of-visa/visa-for-living-in-brazil-after-retirement
COLOMBIA:
Minimum Income Required: The applicant must prove that they receive a pension of $830
Official page: https://www.cancilleria.gov.co/en/special-temporary-pensioners-visa-0
COSTA RICA:
Minimum Income Required: The applicant must have a monthly income of at least US$1000.
Official page: http://www.costarica-embassy.org/index.php?q=node/147#1
DOMINICAN REPUBLIC:
Minimum Income Required: $1,500 a month from a foreign government or private pension ($1,750 for couples).
Official page: https://en.consulrdtoronto.com/rs-pension-retirement
ECUADOR:
Minimum Income Required: $1380 for one person,
Official page: https://www.cancilleria.gob.ec/2020/06/15/visa-residencia-permanente/
MEXICO:
Minimum Income Required: US$1400 of monthly income.
Official page: https://consulmex.sre.gob.mx/nuevaorleans/index.php/2016-04-12-19-28-49/english/permanent-resident-retired
NICARAGUA:
Minimum Income Required: US$1250 per month. Minimum age 45 years.
Official page: https://www.mint.gob.ni/migracion/tramites/visa-de-ingreso-al-pais/
PANAMA:
Minimum Income Required: US$1000 per month or a deposit of $170,000 for a five-year fixed term in a local bank account.
Official page: https://www.embassyofpanama.org/visas-1
PERU:
Minimum Income Required: You must prove a stable passive income (from rental properties for example), or a pension from abroad of at least US$1000 per month.
Official page: https://www.consulado.pe/es/londres/tramite/Paginas/Visas.aspx
URUGUAY:
Minimum Income Required: at least US$1500 of overseas income per month or a minimum sum of US$100,000 to be deposited for a period of at least ten years.
Official page: https://emburuguay.se/en/residence/
Europe
AUSTRIA:
Minimum Income Required: €2,944 per couple of disposable income (meaning the income available after rent/mortgage, medical expenses, etc (only 500 given per year)
Official page: https://www.bmeia.gv.at/.../entrance-and-residence.../visa
ALBANIA:
Minimum Income Required: €9,700 annually to be eligible to apply.
Official page: https://e-visa.al/
BULGARIA:
Minimum Income Required: A monthly income at least equal to or higher than the Bulgarian Minimum Salary (780 BGN, or approximately US$435 per month)
Official page: https://www.mfa.bg/.../cons.../travel-bulgaria/visa-bulgaria
Minimum Income Required: €9,568 annually to be eligible to apply. This income can come from a pension, but also from overseas rentals, dividends, royalties, or investments.
Official page: https://mfa.gov.cy/visa-information.html
GREECE:
There is no specific retirement visa for Greece, you just have to show you're financially independent to get a Residence Permit. The minimum income you need in order to qualify is €2,000 per month. If you're bringing your spouse along, your income will need to be up to 15% higher.. The permit is valid for 2 years and it can be renewed.
Official page: https://migration.gov.gr/en/gas/aitoyntes-kai-dikaioychoi/adeies-diamonis/
ITALY:
Minimum Income Required: €31,000 of annual income for one person or €38,000 for a couple.
Official page: https://vistoperitalia.esteri.it/home/en
LATVIA:
Minimum Income Required: Currently, it is €784 of monthly income. If you want to bring family, it is €500 extra per additional adult (e.g., spouse), as well as €150 for an additional minor. So a couple would need to attest that they have a monthly income of €1284.
Official page: https://www.mfa.gov.lv/en/applying-visa
PORTUGAL:
Minimum Income Required: Above €705 per month
Official page: https://vistos.mne.gov.pt/en/
SPAIN:
Minimum Income Required: In 2023, the income requirement increased to €28,800 of annual income for one person and €7,200 for each dependent.
Official page: https://www.exteriores.gob.es/Embajadas/seul/en/ServiciosConsulares/Paginas/Consular/Visados-nacionales-Informacion-general.aspx
Asia
Minimum Income Required: $1500 dollars per month. Minimum age 50 years.
Official page: https://www.embassyofcambodiadc.org/how-to-get-a-visa.html
INDONESIA:
Minimum Income Required: $1500 dollars per month and a rental contract or property purchase above a certain value threshold.
Official page: https://molina.imigrasi.go.id/
MALAYSIA:
Minimum Income Required: Approximately $9285 of monthly passive income. There are also requirements for minimum assets.
Official page: https://malaysiavisa.imi.gov.my/evisa/evisa.jsp
THAILAND:
Minimum Income Required: Above 65,000 THB (approximately $2000) of monthly income.
Official page: https://www.mfa.go.th/.../public.../5d5bcc2615e39c306000a316
THE PHILIPPINES:
Minimum Income Required: There are many categories of SRRV. Some of them demand a monthly income of US$1500, while others have different requirements.
Official page: https://www.visa.gov.ph/
