9. Nicaragua

Nicaragua is a small country located in Central America, having coasts on both the Caribbean and Pacific Oceans. But Nicaragua has quite an array of landscapes, so you won’t see just beaches but also mountainous regions and lakes.

Similar to Belize, Nicaragua provides several tax benefits for retirees thinking of moving abroad. In fact, the country boasts both a high quality of life and a low cost of living. According to financial experts, rent is about 83% less here than in the US.

In order to acquire a visa, you must receive a permanent income of at least $600 per month.

You may also want to read These 5 Types Of Retirement Income Are NOT Taxable.