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As more Indians explore the idea of spending their golden years in peaceful international destinations, several countries around the globe have revamped their retirement visa policies in 2025 to welcome foreign nationals with stable incomes. From Southeast Asia to Europe and Latin America, these destinations are offering a warm invitation to retirees — provided they meet specific income requirements.
To help Indian retirees plan better, here is a list of 10 countries now offering long-term retirement visas, along with their financial eligibility criteria converted into Indian Rupees (INR).
Thailand continues to be a top choice in Asia with its O-A and O-X retirement visas. Individuals aged 50 or above can apply by showing a monthly income of 65,000 THB (approximately ₹1.5 lakh) or maintaining a Thai bank account balance of 800,000 THB (around ₹18.5 lakh). With access to affordable healthcare and a vibrant expat community, Thailand offers both 1-year and 10-year retirement options.
In Panama, the renowned Pensionado Visa remains one of the most accessible. Applicants must show a guaranteed monthly pension of $1,000 (₹83,000). For each dependent, an additional $250 (₹20,000) is required. Retirees enjoy discounts on utilities, healthcare, and entertainment — making Panama one of the most retiree-friendly nations globally.

For those seeking a European lifestyle, Portugal offers the popular D7 Visa. Applicants must prove a passive monthly income of €820 (₹74,000). The visa leads to permanent residency and eventually citizenship. Portugal’s affordability, safety, and access to the Schengen Area make it ideal for long-term planning.
Malaysia’s MM2H (Malaysia My Second Home) program, revised in 2025, targets high-net-worth individuals. The minimum income required is RM 40,000 per month (₹7.1 lakh) and a fixed deposit of RM 1 million (₹1.8 crore). Despite the high entry barrier, Malaysia’s modern infrastructure and cultural blend appeal to many.
In Latin America, Costa Rica offers a simple Pensionado Visa for those earning a minimum of $1,000 (₹83,000) monthly. Known for its lush green landscapes and high happiness index, it’s ideal for nature-loving retirees. Similarly, Ecuador’s Pensioner Visa requires a monthly income of $1,275 (₹1.05 lakh).
The Philippines, a close and cost-effective option for Indians, grants the SRRV (Special Resident Retiree Visa) to individuals aged 35 and above. Depending on the plan, deposits range from $10,000 to $50,000 (₹8.3 lakh – ₹41.5 lakh). The SRRV provides permanent residency and multiple entry privileges.

Mexico’s Temporary Resident Visa is gaining traction, requiring a monthly income of $2,700 (₹2.25 lakh) or a minimum bank balance of $43,000 (₹35.7 lakh). After four years, retirees can apply for permanent residency.
In Italy, retirees can opt for the Elective Residency Visa by showing an annual passive income of €31,000 (about ₹2.8 lakh per month). Similarly, Spain’s Non-Lucrative Visa requires a monthly income of €2,400 (₹2.1 lakh) and €600 (₹52,000) for each dependent.
For Indian citizens with a dream to retire abroad, 2025 brings a wide array of opportunities. From the beaches of the Philippines to the hills of Spain, these countries not only offer scenic backdrops but also legal frameworks to support long-term, peaceful living. With income eligibility now converted into INR, planning for a retirement overseas has never been clearer.
Prospective applicants are advised to consult official embassy websites or immigration experts before applying, as requirements may vary slightly and documentation needs to be precise.