The Rentista Visa is good for life and does not need to be renewed annually. There is only a small step
each year that needs to be completed to basically prove that you are still in the country.
Expats with Rentista Visas do not need to pay the annual tax that is required from other foreigners. As
well, they are
exonerated from paying any Peruvian Income Tax on their pension money. And personal and
domestic items can be imported into the country duty and tax free.
This is a permanent visa to reside in the country and holds no expiry date however you will not be
able to work on it. You are also permitted to import any personal items (including furniture) into
Peru without having to pay tax on them. Please note this does not include a car, if you wish to
import your car to Peru you will be liable for the usual taxes and duties.
On this visa you do not need to renew your carne de extranjeria (residence permit) every year and do
not need to pay foreign tax.
No breaks for expats. All residents must pay an income tax of 15% up to 50,000 soles (about $17,000)
earned anywhere in the world and 30% for income over that amount.
All residents are taxed on income that they earn worldwide, while non-residents are taxed only
on Peruvian earned income. For the purposes of taxation a resident is a Peruvian national or a
foreign national that has spent more than 183 days a year in the country.
- Foreign-source income is not taxable in Malaysia.
- Can work part-time (20 hr/week).
- Import personal / household items, tax exempted
- Invest in local companies, share market & unit trusts
- Interest gained from bank fixed deposit is tax exempted
- Each participant is allowed to bring in a personal car. The vat (GST) tax exemption
when buying a new car in Malaysia ended Apr 1, 2015.
- Each participant is permitted to purchase residential houses at a minimum price above
MYR 1,000,000 ($259,000) each such as Kuala Lumpur and Penang that are pre-approved by
the Foreign Investment Committee of Malaysia.
MYR 500,000 ($129,000)?
- 10 years + renew for life
- No minimum stay in Malaysia - come & go as you please
- Tropical Temperature Year Round 75 - 90° F /
Hill Resorts 54 - 68° F
- Quality Low Living Cost - From $15-25/day ($300-750/mo)
- One mo 2 BR Service Apartment from $700/mo
Yr long 3 BR Condominium from $600/mo
- Good Modern Infrastructure - Roads / Air Links / 1st Class Medical Facilities
- Show that they have sufficient funds to maintain themselves for the duration of the 10-year visa.
In practice, this means showing at least MYR150,000
($38,000) in the bank
($2,550) monthly income.
After a period of one year, the participant who fulfills the fixed deposit criteria can withdraw
up to MYR50,000.00 ($13,000) for approved expenses relating to house purchase, education for
children in Malaysia and medical purposes. However, a minimum balance of MYR100,000.00
from the second year onwards and throughout stay in Malaysia under this program.
- All applicants and their dependents (spouse and children) are required to submit a medical report
from any private hospital in Malaysia.
- Medical insurance
The retirement visa
lasts for a year and you can
renew it without leaving the country.
To qualify, you should have at least $26,000 in your bank account, or
deposits + annual income > $26,000.
You need to report to the immigration police
every 90 days
while staying in Thailand. You should also note that you need to apply for a re-entry permit
if you want to leave Thailand and return before your retirement visa expires.
Best option is to apply for the Non Immigrant O-A visa before they make their way to Thailand.
This visa is has multiple entry and is valid for 1 year. Each entry they would get 1 of
Admitted to Stay, so they can get almost 2 years of stay out of this visa. For travelling during
the second year they need a re-entry permit.
The major benefits of the program come in the form of tax incentives.
As a foreign retiree, you're entitled to:
- Pay no taxes on any out-of-country earnings
- Residency for five years, with the ability to renew
- Bring into Nicaragua up to US$20,000 worth of household goods for your own home, duty free
- Pay no sales tax on purchase of $50,000 worth of products used to build your business
- Import one automobile (value $25,000 or less) for personal or general use and pay no import
tax or protective tariff and sell it after five years, again exempt from consumer sales tax
- Import an additional vehicle every five years under the same duty exemptions.
A foreign retiree "cannot work in any industrial or commercial activity or hold a job paid in local
currency". But the Nicaraguan consulate in the United States assures us that the law is open to
liberal interpretation. If you want to open a small hotel or restaurant, for example, an enterprise
that would benefit the community in some way, say by attracting tourists or creating jobs, then
you'd merely have to present your plan to the Ministry of Economy and Industry and ask for an
exception to the rule.
At the time of writing (April 2015?), the fees for the temporary residence card (valid for 1 year)
are C$2,000 ($65) and for a permanent residence card (valid for 5 years) C$5,000 ($160).
You'll also have costs for the certification and translation of documents. And since the application
process typically lasts several months, be prepared to purchase extensions for your tourist visa for
C$500 per 30 days, the so-called "prorroga".
If you enlist the help of a lawyer, expect to pay anything between US$300 and US$800 per person
for his or her services.
Once you are a Nicaraguan resident, you must get the government's permission to leave the country,
the so-called "visa de salida." Depending on how often you want to travel, you have the choice
between purchasing a one-time exit visa (C$200), or one that is valid for 3 months (C$400), 6 months
(C$800) or one year (C$1600).
Personal income tax (impuesto de renta) rates in Colombia range from 10% to 35% depending upon the
level of income that you are on. The first 1090 pesos of income is considered to be tax free.
Expats with residency status will find that for the first five years of their stay in the country
they will only be taxed monies they earn in the country though after the five year deadline has
passed they will have to pay taxes on all income, regardless of its country of origin. So those
retiring to Colombia will not have to pay tax on their pension from the country of origin for the
first five years but once the deadline is passed will need to submit the details to the Colombian
tax office. It is also advisable to check the situation in your home country, as you may be required
to pay taxes there too if there is no agreement in place with Colombia to avoid double charges.