Top 10 countries for a trader to live

Hello, friends forex traders!

Many people come to trading for big money and to enjoy life. They dream of yachts, private planes, life in a place with no winter. But, it is really difficult to come to such a large income. It is somewhat easier to earn less money, but more consistently. And in fact, the dream of the surf noise outside the window of a tropical island is not worth millions of dollars. A couple of thousand a month is quite enough to live where you will feel good and comfortable, with no bosses and strict timetables.

The coast of Monaco and the beautiful views of Manhattan, flashy luxury of the Emirates and Hong Kong’s business vanity will not be described in this article. We look at the countries offering a comfortable standard of living for a reasonable “living cost”. Countries, where you can move even tomorrow.

Charm and affordable life in offshores

Traders are well aware of the names and geographical position of many offshore states. This is a favorite place for registration of Forex brokers.

What can attract attention in these states besides the low tax rate and the possibility of unexpectedly visiting the office of your favorite broker? In many such countries, an acceptable combination of living standards and social services.

Panama

The country became famous all over the world after the publication of the “Panama Papers” in the mass media. Quasi-state, created by the US for the sake of controlling the Panama Canal, today is a peaceful warm paradise.

Three meals a day in a restaurant for two will cost 36 local Panamanian balboa, tightly tied to the US dollar - 1 to 1. Therefore, no devaluations can be expected. For traders who love to cook on their own, the following prices are waiting in the markets of the country:

How to get a lifetime Panama visa? Provide documents proving a guaranteed income of one thousand dollars. It can be interest on deposits, investment accounts, other payments. I think everyone who has achieved the skills of a currency speculator, having learned the volatility of Fortune, has a “severance pay”.

Foreigners can stay in this country without a visa up to 180 days. It is enough to present a passport, 500 US dollars (per person), purchased tickets in advance for departure from Panama.

Panama has the most educated doctors who studied in the US or Europe, and health insurance costs about $200 per month, but who saves money on health?

Acquisition of real estate by foreigners is strongly encouraged by local authorities, which leads to an increase in prices, but so far the average cost of housing in this heavenly place does not exceed the usual prices:

A three-room apartment or an equivalent “house by the sea” will cost $ 130,000, while in the mountain area you can manage to buy a house for the amount of $ 90,000.

If a trader plans a short stay in the country, rent a one-room apartment from 480 dollars a month.

Better rent an apartment in the city to have a free access to unlimited Internet, the cost of which will be $ 32 per month, at a speed of 10 Mbps. Local mobile communication - $ 0.12 per minute.

Belize

The tourism business for this offshore zone is one of the main sources of income. Therefore, security in this Latin American country with a population of 350,000 people and official English is at a high level.

It is commonly believed that interesting and exotic places are in Asia and Africa. On the small patch of land of Belize are the remains of the Mayan temples, the famous “blue hole” of a barrier reef, beaches with white sand and palm trees, where advertising of “tropical themes” is often filmed.

Property prices are higher than in Panama, but “English law”, acting in local laws, will make it possible to purchase an immobility in installments with a direct ownership right. The islands are sold at a relatively low price, which attracts many Hollywood celebrities as buyers.

A cheap house on the ocean, with dawns “like in a movie”, will cost the trader at least $ 350,000.

A large number of built “investment housing” has lowered rental rates. Outside of luxury resorts, one-bedroom apartments will cost $ 200 per month.

The Internet is present both wired and wireless, but the prices for it will surprise you unpleasantly - a high-speed unlimited connection will cost $ 135 per month on average. A minute of mobile communication of local operators - 0,26 US dollars.

The medical services of private clinics are at an affordable level, but doctors are worse than in Panama, however, insurance permits in case of difficult medical cases to contact the US clinics, covering even the cost of the flight.

The long-term visa must be obtained in advance at the British or Belize Embassy, but you can get a short-term entry visa directly in the airport.

The country has a regime of issuing citizenship in exchange for investment. Having shown a certain skill, the purchase of real estate can be regarded as such an investment.

Developed tourism industry made food in restaurants cheaper, relative to Panama three meals in a restaurant for two will cost less than $ 30. Food is slightly more expensive than in our domestic supermarkets:

But is it a high cost for living in Paradise?

Malta

The sunny microstate is the “Promised Land” among the countries of the Eurozone it has one of the largest concentrations of residents. At 300 Maltese square kilometers, there are about 400 thousand citizens living.

The state’s healthcare system ranks fifth in the world and is free for citizens of the country. Despite the constant influx of tourists attracted by the climate and rich architecture, almost all monuments and attractions are freely available.

Proximity to the European continent was reflected in prices of local restaurants, three meals a day in a restaurant for two will cost 50 euros, so someone can be ok with cooking on their own:

Housing rental is comparable to domestic prices in major cities. For example, in the center of the capital Valletta, you can rent a three-room apartment for a maximum of 600 euros.

Unlimited Internet will cost an average of 25 euros monthly payment, a minute of mobile communication - 0.24 euros.

Malta is included in the “Schengen area”, therefore it is necessary to take care of getting a visa in advance, it will take a time to register. Those who have a Schengen visa, have a free entry.

Inexpensive Europe

Refuting the popular myth about the inaccessibility of a relatively safe and inexpensive living in the countries of the European Union, let us turn our eyes to Portugal and France.

Portugal

Mediterranean climate and cuisine, recognized as the world heritage vie with the beaches of the Atlantic, washed by azure waters on the background of medieval castles.

A trader who has accumulated 50 thousand euros, can become the owner of a one-room apartment in any of the famous Portuguese resorts (excluding Quinta do Lago and the flashy luxury of Villamor).

Renting a one-bedroom apartment, near the center of Lisbon will cost 300 euros, a three-room apartment - 500 euros.

Unlimited Internet on average will cost 25 euros per month, mobile operator will take 0.14 euros for a minute of conversation.

Compensation for expensive housing will be the prices for food, visit restaurant will cost 30 euros, the prices for products give the trader an opportunity to feel like at home:

The country is in the Schengen area, a visa for a short stay is issued through the embassy of Portugal or the visa center, prior to departure. A C-class visa is a tourist visa for a period of one month (if issued for the first time). Class D provides the possibility of staying in the country for up to 180 days.

France

 

The advantages of France are indisputable and are known all over the world - exquisite cuisine, fashion, Cote d’Azur, etc., can be enumerated to infinity. The country is the leader of the European Union in terms of the number of foreigners residing on its territory.

“Expensive life” is a common myth, in fact beyond the boundaries of Paris, you can buy a luxurious house for only 70 thousand euros. The developed road infrastructure and high-speed trains move citizens of the state between remote corners of the country in 3 hours.

Renting an apartment in France is expensive, even in remote corners it will cost a trader not less than 500 euros per month of living in a one-room apartment.
There are almost no problems with the Internet anywhere - no-limit costs, like throughout the EU, about 25 euros per month.

The medical service sphere, which is financed by the state, is staffed by the best specialists in the world, with moderate prices for insurance. If the wealth of the trader does not exceed 800 thousand “Hollande threshold”, you can not worry about taxes.
In France, affordable restaurants are available, the cost of three meals a day does not exceed 46 euros, the price tags for many products are comparable to our domestic ones:

A short-term visa for entry is obtained at the consulate of France, prior to departure under the rules for issuing visas for Schengen countries.

Attractive Asia

Trader often heard about the “Asian vector”, thanks to numerous posts in downshifters blogs, “drowning” in the waves of a raging currency crisis, halving the income from freelancing and apartments rentals.

Despite the attractiveness and exoticism of the Asia-Pacific region, it is worth recalling that the difference in mentality, customs and culture can make you yearn for “native birches” much earlier than you expect.

Thailand

Having placed a deposit of 800 thousand baht in a Thai bank, a trader can become a happy owner of an annual visa of this state. If the plans to stay in the country do not exceed 30 days, you can go there without a visa.

The exchange rate of the national currency to the dollar is about 34.5 baht, the annual term will cost $ 23,000, which can be spent on renting a great two-bedroom apartment for $ 1200 per month, eating a traditional local dish - noodles for one dollar per serving. A suitable option for a living is a one-room apartment in the city, not far from the center for $ 200 per month.

Medical care in this state is similar to a lottery, clinic levels are very different, so medical insurance should be chosen carefully.

If a trader has forgotten what ADSL is or how long to wait for a browser-loaded page - Thailand will remind you. Unlimited Internet you can buy for one year only, with a prepayment for 3 months in advance. The price is acceptable - from 15 USD per month. Mobile communication is cheap, so it makes sense to work through a smartphone for medium-term strategies.

Malaysia

This Asian state will meet a trader with developed infrastructure and skyscrapers of the modern metropolis of Kuala Lumpur, wild beaches, and dangerous jungles.

If the trader decided to spend in the country not more than a month, all that he needs to enter is a valid passport and $ 500 in his wallet.

Housing prices are such that for 1500 US dollars you can rent a luxury apartment with ocean views. Here are the lowest rates for the subsistence minimum among the developing countries of the Asia-Pacific region. You can buy a real estate - in the country, there is a right of direct foreign ownership, recognition of inheritance rights and tax benefits. The average price of housing is $ 76,000.

Few of Europeans know that this state is a “medical Mecca”, therefore there are no problems with the quality of medical services.

Unlimited Internet, but wired if there is a telephone point concluding an agreement is not a problem at a cost of $ 36 per month.

Low cost of food in restaurants: three meals for two will cost a little more than eleven dollars – you will forget about buying products, the prices of which are also low.

Philippines

Life in the Philippines attracts travelers from all over the globe thanks to such factors as:
- beautiful tropical climate;
- sea resorts;
- reasonable prices;
- a rather high standard of living and economy. Of course, this is not Europe or Singapore, everything is a little simpler and more modest, but you can not call the Philippines a poor and backward country.

In the Philippines, there are all conditions for a comfortable life of a modern man. The country has a well-developed transport system, there are many large shopping malls, boutiques, and restaurants. In addition, the Philippines is glorious for its high level of medical care and the highest quality education among the countries of Southeast Asia.

Manila, the capital of the Philippines, never sleeps, especially the first line stretching along the ocean: passing hotels and nightclubs, you will certainly meet tired dancers, drunk foreigners and “traveling salesmen” on scooters that will offer you everything from cabaret to alcohol and a pack of cigarettes.

Prices of food and housing will please you. For example, comfortable apartments with all necessary amenities in the capital can be found for 400-500 dollars a month. The cost of unlimited Internet will be about $ 47 per month, at a speed of 10 Mbps. Local mobile communications - $ 0.15 per minute.

While many Asian countries are tightening the visa regime, the Philippines continues to be a country where, with the availability of financial resources, one can live without problems for a very long time. You can fly to the country on a visa-free stamp for 30 days and immediately extend it to 59 days. Such extensions can be done continuously, while in the Philippines you can stay up to 16 months.

Cheap and simple

Traders who love exotics and have a great health, a stomach digesting nails, will be suitable for countries with a low standard of living and a population that has not yet reached the 21st century.

Cambodia

Renting a normal housing here will cost no more than $ 300, and local cuisine, representing the abundance of Asian fast food, will not go beyond one dollar.

It will be necessary to be content with 3G mobile Internet, local operators have unlimited tariffs of $ 88 per month.

Tourists are attracted by diving, islands, the Angkor Wat temple complex. If you do not pay attention to the weak infrastructure of the Khmer Rouge and do not leave the foci of civilization, life will not be more dangerous than in the “factory outskirts” of a provincial city.

The visa is issued directly at the airport. It is better to buy a business visa for 25 dollars, unlike a tourist visa for $ 20, business one can be extended to 30 days a large number of times.

India

The exotic country is known to us by the presence of Goa - an inexpensive resort, Bollywood movies, and holy cows.

The local currency, which has recently experienced shocks during an unexpected monetary reform, fluctuates around 65 rupees per US dollar.

Lunch at a local fast food will cost 200 rupees, a restaurant will cost twice as much. A fan of self-cooking can expect the following prices:

Renting an apartment will cost a trader in megacities from $ 100 to $ 650 (capital housing). The paradox of this country is a complete lack of sanitation and an acceptable level of medical care.

You should not rely on the mobile Internet, look for the possibility of connecting unlimited ADSL. The speed is acceptable up to 14 Mb/s, at a cost of $ 17-18 per month. Be ready to provide a full package of documents - a passport, a visa and your photos.

It is worth noting that visas to India must be completed ahead of schedule, before departure. The ideal option is an urgent electronic visa, issued in a day on an Internet application with subsequent registration on arrival, for a period of 30 calendar days.

Nepal

The country is a paradise for mountain tourism and solitary traders. Beautiful views of the unique nature attract tourists from all over the world. A visa can be issued right on the border.

A low standard of living guarantees low prices for housing. The average cost of new housing is about 21,000 dollars. Investors prefer to buy houses in Bhaktapur, the ancient city of the Kathmandu valley. In the same place, you can find an unlimited, wired Internet for $ 25 a month, as well as in the capital of the state itself. In other places, prices can go off the scale, and the quality is far not the best.

The cost of products and restaurants is the cheapest of all the countries reviewed in the article.

Otherwise, all the attributes of the poorest countries are present - lack of infrastructure, normal medicine and education.

Addition (by request of readers)

Morocco

Morocco is a kingdom in northern Africa. And, the real one, without fools. The king here is maybe even more popular than the Queen in the UK, can be found on banknotes and almost in any cafe, even a scrappy one. The capital of Morocco is Rabat, not Marrakech, as many people think.

And, in addition, Morocco is a Muslim country. But, without extremism. Europeans have been welcomed here for a long time. No wonder that in Morocco, French tourists settled firmly: they should be resting in their former colony as a rule of good taste. Despite the fact that the national language of Morocco is Arabic, the entire local population speaks French, and in touristic places also in English.

For a European to get to Morocco, you just need to fill out the migration card. In turn, Moroccan people to get to Europe, need to wait for several months, fill out a lot of questionnaires, pass an interview, etc. The principle of reciprocity in diplomacy does not work here.

Part of the population lives in the mountains, where the civilization did not reach yet. And, next to this life there are luxury hotels, golf clubs and beaches for tourists.

The rate of national currency dirham against the dollar is ~7 MaD = 1 USD, to Euro 11 MaD = 1 EUR. The Moroccan dirham is one of the most stable currencies in the world in relation to the dollar.

Prices in Morocco are very pleasant: renting 2 room apartments in the center of the capital Rabat will cost 300-500 USD, the unlimited internet will cost an average of 25 USD. Lunch in a restaurant for 2 will cost about 15 USD.

 

Conclusion

The cost of living and eating, in much prosperous, in terms of living standards and climate, is practically affordable for any average Forex trader. The world is like an open book - make a decision, choose a place and start your journey!

Take care, Michael

ForexTraderPortal.com