Top 3 Best Places to Retire in the Philippines

Philippines just bagged a spot in Forbes Magazine’s 20 Best Foreign Retirement Havens for 2015.

“For US retirees, the principal appeal of the Philippines is a low cost of living in a tropical environment full of English speakers and outdoor beauty,” said the internationally renowned US business magazine.

Forbes also cited the non-taxation of foreign income, and that permanent residency can be obtained with a minimal showing of retirement income as other factors for its choice of the Philippines.

Here are the 20 countries that landed on the 20 Best Foreign Retirement Havens for 2015. (alphabetical order)

1. Australia
2. Belize
3. Canada
4. Chile
5. Colombia
6. Costa Rica
7. Croatia
8. Ecuador
9. France
10. Ireland
11. Italy
12. Malaysia
13. Mexico
14. Nicaragua
15. Panama
16. Philippines
17. Portugal
18. Spain
19. Thailand
20. Uruguay

But wait! There's more! Did you know that one city in the Philippines made it to Forbes Magazine's latest list of 7 Best Places To Retire Around The World? Dumaguete City, Philippines made it on the 5th spot!

Many people from the west consider the Philippines a paradise. Plus, the Philippines has the most welcoming and friendly people of any Asian country.

Let me give you

The 3 best places to retire in the Philippines:Best Places to Retire in the Philippines

#1. Dumaguete, Philippines

This place landed on the fifth spot in Forbes Magazine's list of 7 Best Places To Retire Around The World because of the beautiful beaches and for being one of the best places for beachfront living on a budget. The cost of living in this city is cheaper than other bigger and well-known tourist destinations in the country. Dumaguete is among the cheapest places in the world to live, according to Retire Overseas Index. The Index considers 12 factors, including climate, cost of living, crime, existing expat community and healthcare.

Beach resorts, world-class dive sites are some of the attractions that make this tropical city popular with tourists and expats. Several hospitals serve the area. A medical resort is being developed as well, that will cater to the retirement market.Top 3 Places to Retire in the Philippines

Best Places to Retire Philippines

#2. Baguio City

The  “Summer Capital” of the Philippines and known as "The City of Pines." This place has a cooler climate because it sits about 5,300 feet above sea level in the Luzon tropical pine forest ecoregion, making it an ideal climate for mossy plants, beautiful orchids and lush gardens.

Baguio City is a very modern city with open air malls and it has literally everything under the sun: department stores, furniture stores, branded clothes and other items, restaurants and more. It also has a lot of festivals and outdoor activities like horseback riding, biking and golf.Top 3 Best Places to Retire in the Philippines

Best Places to Retire Philippines

#3. Cebu City 

The "Queen City of the South". It is a moderately large island located in the central Visayas in the Philippines. Retiring in Cebu is ideal for those wanting a tropical island environment. You can also choose between a modern environment, a small town or tropical beach setting.

Cebu has a good reputation. It is known as the sister city of Manila but more quiet and more relaxed. It combines all the advantages of being in a modern city plus amazing beaches and mountains.

Retirement in the Philippines equates to a luxurious lifestyle in a tropical paradise. So there, make your choice!