Top 10 Countries for a Trader to Live In

Hello, fellow forex traders!

Many come to trading for big money and a beautiful life. They dream of yachts, private planes, and life somewhere where winter never comes. But reaching such large incomes is actually difficult. It is somewhat easier to earn not such big money, but steadily. And in reality, the dream of the sound of the surf outside the window of a tropical island is not worth those very millions of dollars. A couple of thousand a month will be quite enough to live where you feel good and comfortable, while having no bosses and no strict schedule.

The coast of Monaco and the beautiful views of Manhattan, the flashy luxury of the Emirates and the business bustle of Hong Kong will not be described in this article. You are invited to turn your gaze to countries offering a comfortable standard of living for a reasonable "cost of living." Places you could move to as early as tomorrow.

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

What can attract attention in these states besides the low tax rate and the opportunity to unexpectedly visit the office of your favorite broker? In many such states there is a quite acceptable combination of standard of living and social services.

The country became famous throughout the world after the mass-media publications of the "Panama dossier." A quasi-state created to suit U.S. control over the "Panama Canal" is today a peaceful warm paradise.

Three meals at a restaurant for two will cost 36 local Panamanian balboas, rigidly pegged to the U.S. dollar at 1 to 1. Therefore, no devaluations are to be expected. Traders who like dishes of their own making will find the following prices in the country's markets:

How do you get a lifetime Panamanian visa? Provide documents proving guaranteed income of one thousand dollars. This may be interest on deposits, investment accounts, or other payments. I think everyone who has achieved the skill of a currency speculator, having known the changeability of Fortune, has secured themselves a "severance allowance."

Traders from Russia may stay in this country without a visa for up to 180 days. It is enough to present a foreign passport, 500 U.S. dollars (per person), and tickets purchased in advance for departure (exit) from Panama.

Panama has the most educated doctors, trained in the USA or Europe; medical insurance costs about 200 U.S. dollars per month, but who saves on health?

The purchase of real estate by foreigners is strongly encouraged by the local authorities, which leads to rising prices, but so far the average cost of housing in this paradise does not exceed the "usual prices" for our compatriots:

A three-room apartment or a "house by the sea" equivalent in area will cost 130 000 U.S. dollars, while in the "mountain district" you can get by with a sum of 90 000 U.S. dollars.

If a trader is planning a short stay in the country, a one-room apartment can be rented from 480 dollars per month.

It is worth renting housing within the city limits for free access to unlimited internet, the cost of which will be 32 U.S. dollars per month at a speed of 10 Mbit/s. Local mobile service is 0.12 USD/min.

The tourism business is one of the main sources of income for this offshore zone. Therefore, security in this Latin American country with a population of 350 000 people and English as the official language is organized 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 Mayan temples, the famous "blue hole" of the barrier reef, beaches with white sand and palm trees, where "tropical-themed" advertising is often filmed.

Real estate prices are higher than in Panama, but the "English law" operating in local legislation allows you to purchase housing in installments with direct ownership rights. Islands are sold at relatively low prices, which attracts many Hollywood "celebrities" as buyers.

A cheap little house on the ocean shore, with sunrises "like in the movies," will cost a trader at least 350 000 U.S. dollars.

A large amount of built "investment housing" has reduced rental rates. Outside luxury resorts, one-bedroom apartments will cost 200 U.S. dollars per month.

Internet is available both wired and wireless, however its pricing will be an unpleasant surprise: high-speed unlimited access costs, on average, 135 U.S. dollars per month. One minute of mobile service from local operators is 0.26 U.S. dollars.

The medical services of private clinics are at an affordable level, but the specialists are worse than in Panama; however, insurance allows you in complicated medical cases to go to clinics in the USA, even covering the cost of the flight.

A long-term visa must be obtained in advance at the embassy of Great Britain or Belize, while a short-term entry visa can be obtained right at the airport.

The country has a program for granting citizenship in exchange for investment. With a certain amount of ingenuity, the purchase of real estate can be "counted toward" such an investment.

The developed tourism industry has "made" restaurant meals cheaper; compared with Panama, three meals at a restaurant for two will cost less than 30 dollars. Food products are somewhat more expensive than in domestic supermarkets:

But is that really a high price to pay for life in Paradise?

This sunny micro-state is the "Promised Land"; among the countries of the Eurozone it has one of the highest concentrations of residents. About 400 thousand citizens live on 300 Maltese square kilometers.

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

The proximity to the European continent has affected prices in catering establishments: three meals at restaurants for two will cost 50 euros, so some may prefer the option of cooking for themselves:

Renting housing is comparable with "domestic" prices in large cities. For example, in the center of the capital Valletta, you can rent a three-room apartment for at most 600 euros.

Unlimited internet will cost an average monthly fee of 25 euros, and one minute of mobile service is 0.24 euros.

Malta is part of the "Schengen zone," so you should take care of obtaining a visa in advance; the paperwork will take time. For those who have a "Schengen visa," entry is free.

Refuting the common myth about the "inaccessibility" of relatively prosperous and inexpensive living in European Union countries, let us turn our gaze toward Portugal and France.

The Mediterranean climate and cuisine, recognized as a "world heritage" by the WHO of the UN, compete with Atlantic beaches washed by azure waters against a backdrop of medieval castles.

A trader who has saved up 50 thousand euros can become the owner of a one-room apartment at any of the famous Portuguese resorts (excluding Quinta do Lago and the flashy luxury of Vilamoura).

Renting a one-room apartment not far from the center of Lisbon will cost 300 euros; a three-room apartment, 500 euros.

Unlimited internet, on average, will cost 25 euros per month, and a mobile operator will charge 0.14 euros per minute of conversation.

Compensation for expensive housing will be food prices: going to restaurants will cost 30 euros, and grocery prices allow a trader to feel "at home":

The country is part of the Schengen zone; for a short-term stay, a visa is issued before departure through the Portuguese embassy or a visa center. A class C visa is tourist, valid for one month (if issued for the first time). Class D provides the possibility of staying in the country for up to 180 days.

The advantages of France are indisputable and known all over the world: fine cuisine, fashion, the Cote d'Azur, and so on; one could go on forever. The country is the EU leader in the number of foreigners living on its territory.

"Expensive life" is a common myth; in fact, outside Paris you can buy a luxurious house for only 70 thousand euros. Developed road infrastructure and high-speed trains move the state's citizens between remote corners of the country in 3 hours.

Renting apartments in France is expensive; even in distant corners a trader will be charged no less than 500 euros for a month in a one-room apartment.

There are practically no internet problems in these places anywhere; unlimited access costs, as throughout the EU, about 25 euros per month.

The healthcare sphere, subsidized by the state, is staffed by the best specialists in the world, with moderate insurance prices. If a trader's wealth does not exceed Hollande's "800-thousand threshold," there is no need to worry about taxes.

In France there are affordable restaurants where the cost of three meals does not exceed 46 euros, and the price tags on many products are comparable with domestic ones:

A short-term entry visa is obtained at the French consulate before departure according to the rules for processing visas of the "Schengen Agreement countries."

A trader has often heard about the "Asian vector," thanks to numerous posts in the blogs of downshifters, "drowning" in the waves of a raging "currency crisis" that cut income from freelancing and apartment rentals in half.

Despite the attractiveness and exoticism of the Asia-Pacific region, it is worth reminding that the difference in mentality, customs, and culture may make one long for "home shores" much earlier than the trader expected.

By placing a deposit of 800 thousand baht in a Thai bank, a trader can become the happy holder of a one-year visa to this state. If plans for staying in the country do not exceed 30 days, you can do without applying for a visa.

The exchange rate of the national currency to the dollar is about 34.5 baht; a year will cost 23 000 dollars, which can be spent on renting a "luxurious two-room apartment" for 1200 dollars per month while eating the traditional local dish, noodles, at one dollar per serving. A suitable living option is a one-room apartment in the city, not far from the center, for 200 U.S. dollars per month.

Medical care in this state is like a lottery; clinic levels vary greatly, so medical insurance must be chosen carefully.

If a trader has forgotten what ADSL is or what it is like to wait for pages to load for a long time in the browser, Thailand will remind them. Unlimited internet can be arranged only for a year, with prepayment for 3 months ahead. A trip to the local provider's office will resemble a visit to Rostelecom in the mid-90s. The price is acceptable, from 15 U.S. dollars per month. Mobile service is cheap, so for medium-term strategies it makes sense to work through a smartphone.

The trader will be greeted by an Asian state with developed infrastructure and the skyscrapers of the modern metropolis of Kuala Lumpur, wild beaches, and dangerous jungles.

If a trader has decided to spend no more than a month in the country, all they will need for entry is a valid foreign passport and 500 U.S. dollars in their wallet.

Housing prices are such that for 1500 U.S. dollars you can rent luxurious apartments with an ocean view. Here are the lowest costs of living among the developing countries of the Asia-Pacific region. Real estate can be bought: the country recognizes direct foreign ownership rights, inheritance rights, and tax benefits. The average housing price is 76 000 U.S. dollars.

Few Europeans know that this state is a "medical Mecca," so there are no problems with the quality of medical services here.

Unlimited internet, only wired, if there is a landline connection point, a contract can be concluded without problems; the cost is 36 dollars per month.

The low cost of dining in restaurants, where three meals on average for two will cost a little more than 11 dollars, will make you forget about buying groceries, whose prices are also cheap.

For traders who love exotic places, have "iron health" and a stomach that digests nails, countries with a low standard of living and a population that has not yet entered the XXI century will be suitable.

Renting decent housing here will cost no more than 300 dollars, and the local cuisine, offering an abundance of "Asian fast food," will stay within one U.S. dollar.

You will have to make do with 3G mobile internet; local operators have unlimited plans for 88 dollars a month.

Tourists are attracted by diving, islands, and the Angkor Wat temple complex. If you do not pay attention to the weak infrastructure of the "Khmer Rouge" and do not stray far from pockets of civilization, life will turn out to be no more dangerous than in the "factory outskirts" of a provincial city.

The visa is issued right at the airport. It is better to buy a business visa for 25 dollars; unlike the tourist visa for 20 dollars, the business visa can be extended a large number of times after 30 days have passed.

This exotic country is known to our compatriots for the presence of Goa, an inexpensive resort, the creations of Bollywood, and sacred cows.

The local currency, which recently experienced shocks during an unexpected monetary reform, fluctuates around 65 rupees per 1 U.S. dollar.

Lunch at local fast food outlets will cost 200 rupees, and a restaurant will cost twice as much. Lovers of cooking for themselves will find the following prices:

Renting an apartment will cost a trader in major cities from 100 to 650 dollars (capital-city housing). The paradox of this country lies in the complete lack of sanitation and an acceptable level of medical service.

Do not rely on mobile internet; look for the possibility of connecting unlimited ADSL. The speed is acceptable, up to 14 Mbit/s, at a cost of 17-18 USD per month. Be prepared to provide a full package of documents: passport, visa, and your photos.

It is worth noting that visas to India must be arranged in advance, before departure. The ideal option is an urgent electronic visa, issued within 24 hours via an internet application with subsequent processing on arrival, valid for 30 calendar days.

The country is a paradise for mountain tourism and for traders seeking solitude. Beautiful views of unique nature lure tourists from all countries. A visa can be arranged right at the border.

The low standard of living guarantees low housing prices. 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. There you can also find unlimited wired internet for 25 U.S. dollars per month, as in the capital of the state itself. In other places prices may "go through the roof," while quality may leave much to be desired.

The cost of food and visits to public catering establishments is the cheapest among all the countries considered in the review.

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

The cost of living and food in many prosperous countries, in terms of standard of living and climate, has practically become equal to a trader's expenses back home. The world is like an open book: make a decision, choose a place, and set out on your journey!

Best regards, Alexey Vergunov TradeLikeaPro.ru