Why Foreigners Choose To Retire In The Philippines

By Cherry Magdael | February 17, 2023
Why foreigners choose the Philippines for retirement.

Yes, the Philippines is becoming a popular destination for retirees. Philippine government offers a visa program for retirees known as the (Special Resident Retiree’s Visa, which provides a range of benefits and privileges to eligible foreign retirees.

Furthermore, the country is home to a growing number of retirement communities, which offer a range of amenities and services tailored to the needs of older adults. These communities often provide a supportive and social environment and can be an attractive option for retirees who are looking to spend their later years in a warm, welcoming, and low-cost location.

Overall, the Philippines offers many appealing qualities for retirees looking for an alternative to traditional retirement destinations. Whether you’re looking for a warm climate, affordable living, or a vibrant cultural scene, the Philippines has a lot to offer.

About the Philippines

The Philippines is an archipelago that comprises 7,641 islands. Has a rich culture, influenced by its history of Spanish and American colonization, as well as indigenous traditions. The country is known for its beautiful beaches, lush forests, and unique wildlife. The Philippine economy is one of the fastest growing in the region, driven by industries such as outsourcing, remittances, and tourism.

Current President: Ferdinand “Bongbong” Romualdez Marcos Jr.

Area: Total land area of 300,000 square kilometers (115,831 sq mi).

Population: 109, 035, 343 (2020 Census)

Currency: Philippines peso  (₱) ( PHP)

Official Language: Filipino, English

Time Zone: UTC +8:00 (PST)

Capital: Manila

Here are the reasons:

1. Cost of living

The cost of living in the Philippines for foreign retirees can vary depending on several factors such as location, lifestyle, and individual preferences. For example, living in Manila or Cebu City can be more expensive than living in smaller, more rural towns. In general, the Philippines is known for being a budget-friendly destination for retirees, particularly for those coming from Western nations.

Housing costs can range from very inexpensive for basic living arrangements to more expensive for those seeking a higher standard of living. Food and transportation costs are also relatively low, and healthcare expenses can be manageable for those who purchase adequate health insurance.

It’s important to note that while the cost of living in the Philippines is relatively low, retirees will still need to have a reliable source of income in order to support themselves and maintain their desired standard of living.

2. Friendly people

Filipinos are known for being warm, hospitable, and friendly to foreigners. They have a strong culture of hospitality, and often go out of their way to make visitors feel welcome and comfortable in their country. Filipinos are known for being gracious hosts, and they often offer guests food, drinks, and other forms of hospitality as a sign of their kindness and generosity, and they often help those in need without expecting anything in return.

In addition to their hospitality, Filipinos are also known for their sense of humor and love of laughter. They are a fun-loving people who enjoy making others smile and laugh.

Lastly, Filipinos are open and welcoming to people from all walks of life, and they enjoy meeting and getting to know new people from other cultures. So if you’re planning a trip to the Philippines, you can expect to be greeted with warmth, kindness, and a genuine desire to make your stay as enjoyable as possible. The friendly nature of Filipinos is one of the main reasons why many retirees fall in love with the country and its people.

3. Good weather

The Philippines is known for having a tropical climate, which is generally warm and humid throughout the year. The country is located near the equator, so it experiences consistent temperatures and little variation in weather patterns.

The best time to retire in the Philippines if you’re looking for good weather is from November to April, during the dry season. During this time, you can expect clear skies, lower humidity, and temperatures ranging from 25-32°C (77-90°F).

If you’re looking for a place in the Philippines with a consistently good weather, consider retiring in cities such as Cebu, Davao, or Iloilo which are located in the central and southern parts of the country. These cities have a moderate climate and are less prone to typhoons and other extreme weather conditions.

It is also worth mentioning that the country has two distinct seasons: the wet season from June to December and the dry season from January to May. During the wet season, many areas in the Philippines experience heavy rainfall, so it may not be ideal for retirees who prefer drier conditions. On the other hand, the dry season is generally characterized by clear skies and low humidity, making it an attractive time for retirees to visit or move to the Philippines.

4. Healthcare

Healthcare in the Philippines can be an attractive option for foreign retirees due to its lower cost compared to many developed countries.

There are many private hospitals in the Philippines that offer high-quality medical services, including a range of specialized medical services. These hospitals typically have modern facilities and equipment, and their medical staff are well trained and experienced. The cost of medical care in private hospitals is generally lower than in other countries, but it can still be expensive.

Foreign retirees who plan to live in the Philippines long-term may want to consider purchasing a private health insurance policy that provides comprehensive coverage for medical expenses. This can help to minimize the financial impact of unexpected medical expenses and ensure that they have access to high-quality medical care when they need it.

5. Active lifestyle

The Philippines offers a range of activities for foreign retirees looking to maintain an active lifestyle. Some popular options include:

  1. Water sports: The country is known for its beautiful beaches and crystal-clear waters, making it a great place for swimming, snorkeling, scuba diving, and other water-based activities.
  2. Hiking: The Philippines has a variety of mountains and hills, making it a great place for hiking and trekking. Some popular hiking destinations include Mount Pinatubo, Mount Pulag, and Mount Batulao.
  3. Yoga and meditation: The Philippines has a growing wellness community, with many yoga studios and meditation centers offering classes for all levels.
  4. Golf: Golf is a popular pastime in the Philippines, with many world-class golf courses located throughout the country.
  5. Volunteer work: Many retirees in the Philippines choose to get involved in volunteer work, such as teaching English or helping with environmental conservation efforts.
6. Beautiful Beaches and Lagoons

There are several beaches and lagoons in the Philippines that are popular among foreign retirees. Some of the top destinations include:

  1. Boracay – a popular tourist destination known for its white sand beaches and clear blue waters.
  2. Palawan – an island province with numerous beaches, lagoons, and other natural attractions such as the Underground River.
  3. Siargao – an island in the south known for its surfing spots and crystal clear waters.
  4. Panglao Island – a small island in Bohol province known for its beaches, coral reefs, and diving spots.
  5. El Nido – a town in Palawan with stunning beaches, hidden lagoons, and limestone cliffs.
  6. Mactan Island – an island in Cebu province with beautiful beaches and numerous water activities.
  7. Coron – an island in the Calamian Islands in northern Palawan known for its white sand beaches, clear waters, and shipwreck diving sites.

There are many more beautiful beaches and lagoons in the Philippines that are worth exploring, and many of them offer a peaceful and relaxing environment for foreign retirees.