The Caribbean has undoubtedly been paradise to many. The beaches, warm climate, the fresh fruits and vegetables, coupled with a more relaxed environment away from the hustle and bustle are all reasons that cause people to flock to the sandy shores. Some stay for a week or two and some longer. Some choose to make Antigua or another Caribbean island their home. 

 

This website is for YOU! You there, sitting behind your device contemplating retirement in the islands. Here are the top 4 benefits of returning to the Caribbean:

 

• Low cost of living – countries such as St. Lucia, Dominica, Grenada, Jamaica and Belize have low cost of living making it affordable for retirees to ‘ball on a budget’. The American Association of Retired Persons (AARP) explains that in Belize, medical care costs a third of what it does in the United States. Food is cheap because agriculture is a major part of the economies and the countries export food within the region. Leisure activities, property and housing are all comparably affordable compared to other places in the western world.

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• Safety – Paramount to a good retirement is residing in an area that has political stability, as without this, it can lead to insurrections, wars, and other threats to one’s safety. Luckily for you, the Caribbean region boasts of political stability for several decades. The AARP, describes Panama, Costa Rica and the Dominican Republic as three of the safest countries for US retirees. Caribbean islands such as Antigua, Dominica, St. Lucia and Grenada boast low crime rates, where locals, tourists and other foreigners feel safe all year round.

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• Beautiful environment – The Caribbean islands boast of their lush forests, green mountains and hills, beautiful beaches, and amazing flora and fauna. Psychologists explain that having a clean and calming environment is critical for older persons in promoting their longevity. Dominica is even considered to be the Modern “Fountain of Youth” as it is home to the largest percentage of centenarians in the world.

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• Tax benefits – Many Caribbean islands such as Antigua and Barbuda, Panama, Dominica, The Dominican Republic and St. Kitts and Nevis provide numerous incentives to retirees wishing to live there ranging from exemptions from import duties, fees for construction materials and equipment; and income, real estate, capital gains, inheritance and other taxes. Be sure to check the island you are interested in and see what tax benefits are available.