FX.co ★ 5 best countries for Russians to retire

Bulgaria

Bulgaria takes first place among the most attractive countries for retirement. The climate is mild, and the Bulgarian language is very similar to Russian. Moreover, the Bulgarian law system is very flexible. You can get permanent residency on rather favourable terms. In order to apply for a residence permit, you need to confirm your housing (owned or rented), as well as provide at least 1,600 euros on your account. Residing in Bulgaria allows you to travel around Europe without visas. Here it is possible to live a comfortable life even on a small pension. There is only one drawback: you can never obtain Bulgarian citizenship.

Montenegro

Montenegro ranks second on the list of the most popular countries among Russian retirees. The local mentality is almost the same as of Russian citizens. Like in Bulgaria, Montenegro can boast a favourable marine climate. Food prices are rather low and affordable for most Russian pensioners. To obtain a residence permit, you need to buy your own accommodation since there are no other available options. One of the disadvantages of the country is that it is not a member of the Schengen area. So, you will need a visa to go to Europe.

China

China is another preferred country for Russian senior citizens. The cost per square metre in China is lower than in some parts of the Russian Federation. At the same time, utility costs are quite moderate. A massive relocation of Russians to the country has led to the creation of Russian speaking areas in Chinese cities. With Russian retirement benefits, a person can afford a comfortable life there. In PRC, it is possible for Russians to obtain a residence permit when buying a house or apartment. The climate in China is very similar to Russian.

Turkey

The fourth place in this ranking is taken by Turkey. A lot of Russian citizens come to work here. Many Russian pensioners also choose this country. With an income of 10,000 rubles, you can live in comfort, buying all the necessary products and relaxing on the beaches. Real estate prices in Turkey are quite reasonable. If you own a house, you can easily apply for a permanent stay. Among possible downsides, the unstable military situation in the country can be noted.

Egypt

Egypt is in the fifth place among the best countries for retirement. Living conditions in this country are alike those in Turkey. In Egypt, there is also a large number of Russians working there. Fresh and wholesome food is sold everywhere and it is very cheap. When moving to Egypt, you should consider local traditions and culture. An extremely hot climate may be a disadvantage as it is not suitable for everyone.