Apr 10, 2009, 9:18 AM
Post #17 of 41
Re: [jerezano] Re KJR42 Help appreciated in location choice.
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Thank you for the detailed response and interesting points. I hopefully can address these. We decided upon Mexico because of our extensive travel. I have spent 20 years travelling the world working, 1 year Brazil, 6 months in Jamaica, 10 months in Suriname, 3 months in Guyana, 6 months in Oman, 6 months in Jordan, 5 years in Dubai, 1 year (and still here) in Singapore and many other places. About 50 countries in all. Mexico was one place having visited we fell in love with, the Americas would be fantastic for us to see and Mexico seems a great central location. We both have minimal family, both with parents, who are living their lives (my mother lives in Spain, wife's mother lives on the south coast in England) so being close to the UK is not an issue as we have lived the last 6 years away, visiting once a year. Mexico would be a shorter trip to the UK anyway than Singapore!!
With regards to Island living, I have stated earlier that we believe that Island living is not for us as this restricts our ability to explore easily.
Belize was finally not considered after the Govt. failed to progress their 2002 law to attract retirement candidates with incentives. Mexico offers zero income tax, zero capital gains tax for retired people. Healthcare also played an important factor. Smaller central American countries we considered, but have never been to. Guatemala, Nicaragua historically were unstable and we cannot follow every country's progression on how they have reformed or their growth so we did not consider these, Panama we looked at but did not see much attraction and Costa Rica (like Aruba) were over commercialized.
Thailand was dropped because you cannot own the land and have to renew every 30 years, which if the owner felt like, could be rejected at any time the lease expired. You could perhaps set up a shell company with nominal Thai directors who sign all shares over to you and then buy the land in the company name. BUT due to the instability why take the risk that this loophole would not be closed? Mexico's fideocomiso seems a lot more stringent (50 years not 30) in that the banks hold the deed's, not a single person who could try to profit by removing your entitlement.
Trust me, having spent 5 years in Dubai, the paperwork in Mexico will seem like a walk in the park. EXAMPLE;- We were married in the Bahamas. By UAE law all marriage/education/birth certificates have to attested at source (Bahamas), then attested by the UK Foreign and Commonweath office, then buy the source country's embassy in London (Bahamian Embassy) and then by the UAE Embassy in London and finally attested twice in UAE. We even had a good friend from the North of England travel to London to pursue the attestation due to the slowness.
Marriage certificate attestation time TWO YEARS. This meant that for 2 years, every 3 months we would have to (wife specifically) leave the UAE and re-enter to renew our visas.
Many thanks for the location tips, we look forward to investigating. With regards to weather Dubai is normally 48C in the summer with 80% humidity (May to September) and Singapore is year round 28-32C with roughly 90% humidity. Not sure how that compares to regions of Mexico, but we refer to weather underground web site for reference for specific areas. Obviously Dubai is unbearable in the summer and Singapore has no seasons.
Fully agree 1 week is not enough to explore any location. However 1 week is better than making a judgement on having never been. We (after good advice here) realise it would be far more prudent to rent for a number of months when we arrive and if we do not like, move and try somewhere else. the only issue with this is storing our belongings, but we have time and we will find a solution. Primarily we need to start somewhere and a 1 month trip with 4 locations seems a good starting point.
As a footnote you would not believe the cost of living in Singapore!! so far the most expensive beer i had the misfortune to order cost US$20 with the average being US$14, unless you can find a happy hour!!
Kev & Debbie