The Cheapest Countries in the World for Expats

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In this video, we reveal the 10 most affordable countries in the world for expats to live in. Mr. Henderson also shares two bonus countries that did not make the list. Additionally, he reveals the factors that you should consider, including taxes and residence options, when deciding on a country or countries to move to.

00:00 Cheapest Countries for Expats
01:59 Vietnam
02:34 Colombia
04:10 Indonesia
05:25 Panama
06:10 Philippines
06:49 India
07:18 Mexico
08:16 Thailand
09:05 Brazil
09:31 China
09:42 Bonus Country
11:10 Second Bonus Country

Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.

We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.

No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.

DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[stanfield]

Just returned from NCL. Fabulous education sessions & networking! Well done to Andrew, Nomad dad & the team. Loved KL too :)

[saigonexile]

As an expat in Vietnam (with TRC thru marriage), VN is still a very difficult place concerning visas, banking, and buying real estate. They cannot seem to get their act together putting together a Digital Nomad visa scheme, or anything like it. They are constantly changing rules etc. Frustrating for those who are retired and want to stay (no retirement scheme either). Banking is ok but you need at LEAST a one year visa or forget it. Buying real estate can be easy or can be difficult. The government just cannot get their act together like other SEA countries. Lots of grandiose schemes (like the metro and high speed train they are planning) but dreaming and doing are two different things.

That said, I am here 16 years and love it. Just be aware even little ole Cambodia is much easier.

[RonanTOC]

Vietnam is not only very cheap, but extraordinarily safe, clean and modern. With high GDP growth and great family values

[nickbenshetler]

Can you do a full video on Brazil please! Thumbs up, so he sees

[ProLookout]

Panama is a millionaire trap, it's not cheap at all, I knew a guy that came to Miami by walking from Panama, he told me he had a job in Panama that paid him $19/hr as a MetroPCS call center agent and he said that wasn't enough for him and his family.

I told him it's even worse here, and he didn't believe me as he got a $17/hr gig at my call center - that amount is because he knows Spanish if not he would get $15/hr.

It blows my mind what American propaganda does to the world.

[thanosandnobill]

I have been in more than 35 countries in my life. I can't say how is to do business but Vietnam, Serbia Japan and Iran are hands down the best places I even been. Those four countries have very friendly people, they are very safe (yes even Iran) except for some cases of pickpocketing, awesome nightlife, good quality food and they are very cheap, yes even Japan is very cheap relative to most European countries and the USA.

[BrightResultsMedia]

In the past month I’ve been in Bogotá, Cali and currently in Medellin. I’ve spent a lot of the past couple years bouncing around the country. My favorite city is Manizales. Small city with super friendly people. Clean. Lots of food choices. Beautiful sunsets. Safe. Lots of birds. Wonderful climate! Colombia is such a beautiful place.

[caldepen]

I don't always agree with some of your points, but I have always appreciated your integrity, attempting to reduce one's tax burden in an honest manner. It means something, thanks.

[liquid_metal]

As someone who has spent a several months living in Bangkok, I would NOT recommend buying property there. Rent and with the money you would have spent on a condo - which is all you are allowed to buy as a foreigner - invest it.

Foreigners are not allowed to buy houses or land. You can purchase using a company structure, but it must be majority Thai owned, so that is also not a realistic option.

The key issue with these condos, is even the "luxury" ones deteriorate over 10+ years because the building materials, the heat, the aircon, the six months of monsoon rain, the pollution and so on. You may need to renovate your condo every 10 years, which is not worth it. As for the property management fee, that will be pocketed and not spent on building maintenance. So the exterior of the building ends up looking tired and worn over time, ultimately reducing its value.

Add to this new condos springing up every year or so, your condo is unlikely to appreciate in value, where a similarly or lower priced brand new condo development is opening.

Airbnb is still affordable vs. major Western cities, otherwise there are plenty of serviced apartment firms who will undercut the equivalent prices found on Airbnb.

Of course, if money is no option, then for half a million dollars you can buy yourself a very nice and centrally located apartment.

[seekingknowledge]

Country List

1. Vietnam
2. Colombia
3. Indonesia
4. Panama
5. Philippines
6. India
7. Mexico
8. Thailand
9. Brazil
10. China

Malaysia is very affordable, tax friendly and has cheap property.
Argentina is also very affordable.

Note: Look at you handle your tax structure prior to moving - Plan and Execute

[cdb]

VIDEO REQUEST: Andrew, I absolutely love your content. We live in Los Angeles now, but getting quite tired of the challenges of life here. We have three children under the age of five. Is there any way you could do a video about how your trifecta plan would work with children and schools. Or just a video in general about families with school-age children? There are certain challenges with schools, nannies, etc. Thank you for all of the incredible and detailed advice you give on the daily basis. Much much appreciated! You are the number one expert on this topic.

[jgconnelly]

I'm currently in Kuala Lumpur visiting as per your recommendation, near the Quill City Mall. Had a great experience over ten days. Back to Atlanta this weekend. ❤😊

[geoffmcintosh]

Cambodia is way cheaper than Thailand and Bali. The retirement visa is easy to get as well.

[Yes-bkcl]

If you get married to a Vietnamese in Vietnam - you have solved the visa issue. And in many cases you have also gotten yourself a hot beautiful wife.

[MJFUYT]

Thank you for this Andrew. Your information is invaluable for me.

[Velsbasketcase]

I have a 12 hour layover in Ho Chi Minh in 2 weeks, looking forward to it.

[Kim-J]

Ooooo Argentina ❤and Chile❤ sounds great, great cities, great outdoor stuff like skiing and hiking . Thoses will be my next vacation

[jojojoy]

Kota kinabalu in Sabah is probably the best for American expats. Its 1/2 cheaper than KL, 90%of the people here understand English. They still allow foreigners to own land, and land tax is extremely low. There's no tax if your income is from investment or dividend

[perficete]

Unbelievably good analysis. Deep, unbiased, lots of useful info and insights. Brilliant. Thank you! ❤

[Escape_The_Mundane]

Went to india and japan from germany, good places.