5 Countries with Easy Citizenship for Retirement

3. Columbia

Minimum Monthly Income Requirement: About $700

Minimum Age Requirement: No Age Requirement

Physical Presence Requirement: 6 months per year (183 days in the each of the 5 years for citizenship)

Time to citizenship: 10 years

For retirees, Colombia offers an attractive renewable temporary residency with a 3-year validity, known as the M-visa. Through this visa, individuals who can ensure a monthly income, be it from a pension or other means, can easily settle down in the country. The income requirement is ten times the Colombian monthly minimum wage, equivalent to about $700. Additionally, applicants must hold international health insurance.

Eligibility for permanent residency is granted after residing continuously in the country for five years, with absence limited to 180 days during this period. After 5 years of permanent residency (1 year for Latin-Americans and Caribbean citizens, and 2 years for Spaniards), citizenship can be attained, provided the individual has been in the country for at least 183 days a year. Retirees above the age of 65 would be exempt from both the language and civic exam as part of the citizenship requirements.