5. Ecuador

Ecuador has virtually unmatched natural beauty in the form of mountain peaks, volcanoes, beaches, and islands. It is named after the equator, which runs through it, and is the only country in the world named after a geographical feature. The cost of living in Ecuador is very low, and if you’re American, you’ll be glad to know that the US dollar is the official currency.

The easiest way to get permanent residence in Ecuador is called a pensioner’s visa. Though designed for retirees, there aren’t actually any age requirements to get one. You just need to prove that you will receive $800 per month for the length of your stay, no matter how long that is. It’s kind of mind-boggling to think about living comfortably on that amount of money.

6. Nicaragua

Forget what you think you know about Nicaragua and see that it is a stunningly beautiful country with two pristine coastlines and passionate, caring people. It’s also great for stargazers – 86 out of 88 constellations in the night sky can be seen clearly in Nicaragua.

If you’re intrigued, Nicaragua offers a retirement program similar to Ecuador’s, except you only need to show an income of $600 a month. The program is meant for people at least 45 years old, but this requirement is often waived if you have more than the base income.

And guess what? You don’t actually need to be retired to qualify. The government of Nicaragua has a lot of flexibility in what it calls work. For example, you could own a restaurant or small hotel and still be classified as retired. You can also continue to freelance for an overseas company and legitimately get the retirement visa.

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