Expat Retirement In The Philippines? 7 BIG Consideration (Copyright Free Content)
Channel: Owl of Asia
Date: 2021-10-30

If you are considering moving and living in the Philippines long-term, you most likely have a good understanding of what the next chapter of your life will involve. It is always a great topic to talk about. However, some additional considerations can sometimes become overlooked; therefore, today, we will be focusing on these other factors for anyone considering retirement in the Philippines.


Retirement In The Philippines For Foreigners | 7 Retirement Consideration Philippines | Owl Of Asia


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7 Retirement Consideration Philippines - retirement in the Philippines for foreigners


1. Where Will Your Base Be 

I often see one common trend is that expats have a base in the Philippines but travel to different cities and islands every so often but still have a base. Alternatively, you could decide to move to different cities or provinces every so often. But if you choose the former, where will your base be? 


2. Will There Be A Hospital Nearby 

Touchwood that you will never have to take a trip to the hospital but if you do. It's always good to know there is a nearby hospital. In certain provinces, there are some medical facilities nearby. Still, hospital treatment can be an hour or two away, so this is always a good consideration when deciding where your base will be, which we covered a moment ago.

3. How Will You Spend Your Days

Will you be spending your day's white sands of a beach or perhaps reading in the local coffee shop on a Thursday afternoon? The Philippines tourism authorities have a slogan, and that is that it's more fun in the Philippines. This is true as there is plenty of experiences to be had. But it's always best to have some idea of how you want to spend your retirement, even if it's just a few ideas is great to have these at the back of your mind.


4. Your Overseas Commitments

Most of us have some kind of overseas commitment. These can either be financial such as an investment or a business operating under our name, or relationships such as family members and friends. Of course, this consideration will differ from person to person, but it is  very useful to consider before moving to the Philippines.


5. Marriage & Intimate Relationship

Speaking of relationships takes us to the next consideration, and that is marriage and Intimate relationships. Filipina women on incredibly beautiful, smart, and fantastically kind, so it's no surprise that this is made our list. In the Philippines, you can sometimes progress very quickly and may find yourself dating in no time at all. 

Marriage is a massive topic, so if you want me to cover this in more detail in the future, please let me know in the comments. 


6. Taxation 

Next, we have tax. This may not be applicable depending on the country you are from and your situation. as mentioned previously when we spoke about overseas commitments, many expats have financial requirements back home, which may be taxable. In addition, tax is also an important area to consider if you are planning to do business and investment in the Philippines.


7.  Back Up Plan

 When retiring in the Philippines as a foreigner, the last consideration is to have some kind of backup plan. 

This can be a financial backup plan or a living arrangement plan. As we've seen during the recent pandemic, anything can happen in this beautiful modern world. Therefore, it's always a wise idea to have some kind of backup up your sleeve for the unlikely event you will need to use it



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