Are you considering moving out of the US? You will be glad to discover that there are many ways to live abroad.
The rise of remote work has given people more freedom to travel and relocate, as they are no longer tied to one location. Some countries have created the Digital Nomad Visa, which is targeted at remote workers and has several benefits. There are also many citizenship by investment options for those looking to permanently move out of the US.
Therefore, in this guide, we will take you through everything you need to know about moving abroad as an American citizen. We will cover:
Eight Reasons American Expats are Moving Abroad
With the rise of remote working and the growing opportunities for worldwide mobility, it is much easier to relocate to a foreign country. Therefore, there are many reasons why U.S. citizens might choose to find a new home abroad based on their personal and professional goals.
1. Lower cost of living
Most countries offer a lower cost of living than the U.S., particularly in areas like housing, healthcare, and daily expenses. These factors appeal to retirees, digital nomads, and families seeking a more affordable lifestyle. Some of the popular destinations that offer an affordable cost of living are Mexico, Portugal, Thailand, and Costa Rica.
2. Better healthcare
Another appealing and important reason to move abroad is good healthcare services. Americans may consider affordable or higher-quality healthcare, especially in countries with universal healthcare systems. Generally, expats often find medical care less expensive and more accessible. They have countries like Spain, France, and Germany to choose from, as they are known for their high-quality healthcare systems.
3. Career opportunities
Another important reason for moving out of the U.S. is for job opportunities abroad, especially in industries where the demand for specialized skills is high or international experience is valued. Fortunately, there are visas specially created to attract skilled professionals in tech, finance, and engineering, like the Canada Global Talent Stream, the Tech Nation Visa in the UK, and the Highly Skilled Migrant Visa in the Netherlands.
4. Retirement
Another popular reason Americans move out of their country is to retire. This is for retirees looking for a slower-paced life, better weather, and lower living costs. Some of the best countries for Americans to retire. include Mexico and Costa Rica which offer retirement visas and favorable tax laws for retirees
5. Tax benefits
Many people would love to get more out of their income, so moving to a country with more favorable tax regimes as a US citizen is a plus, particularly in countries with low-income taxes or no taxes on foreign-earned income. Nations known for their low taxes include Antigua and Barbuda, and St. Kitts and Nevis, which have no income tax and could be appealing to high-net-worth individuals or entrepreneurs.
7. Cultural exploration and adventure
For many, the desire to experience new cultures, languages, and lifestyles is a crucial motivator for moving abroad. Cultural curiosity drives many expats, whether for a temporary adventure or long-term relocation. Countries like Italy, Japan, and Thailand are known for their rich cultural experiences.
6. Higher quality of life
Americans often seek out countries that offer a higher quality of life, with a focus on work-life balance, safety, and overall well-being. Some countries rank higher in happiness or global peace indexes, which can be a draw for families and individuals alike. Fortunately, Global Citizen Solution has a comprehensive list of countries’ rankings on the Quality of Life Index to help make your international living dreams a reality.
7. Education
Families or individuals might make an international move to take advantage of more affordable or higher-quality educational systems abroad, whether for themselves or their children. Germany, the Netherlands, and Ireland offer affordable or free education for international students.
8. Escape from high crime rates
Safety is always a priority, and most Americans move abroad seeking safer environments with lower crime rates. Many countries offer higher personal safety and public order than some parts of the U.S.
Best Citizenship by Investment Options for American Expats
Malta
Quality of Life Index ranking: 25- Average cost of living: €1,200 to €1,500 per month
Quality of Life Index ranking: 25Malta is an ideal option for American expats, offering easy pathways to residency and citizenship through real estate investments. As the only EU country where English is an official language, it provides a smooth transition for Americans.
The Malta citizenship by investment program starts with a real estate investment of at least €700,000, plus a non-refundable donation of €600,000. The process of securing a passport for Americans will take about 36 months.
Benefits of living in Malta
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- High standard of living, with excellent healthcare and education systems.
- English is widely spoken, making it easy for expats to integrate.
- Access to the entire EU and Schengen Zone with visa-free travel.
- Mediterranean climate with great historical sites, dining, and culture.
- Malta is one of the safest countries in Europe, and it has a low crime rate.
Antigua and Barbuda
- Quality of Life Index ranking: 69
- Average cost of living: $2,000 – $3,000 per month
Quality of Life Index ranking: 69For Americans seeking a Caribbean haven, Antigua and Barbuda’s citizenship by investment offers two straightforward options: a $230,000 donation to the National Development Fund (NDF) or a $300,000 real estate investment (held for 5 years).
This tax-friendly nation has no personal income tax and offers a high quality of life with gorgeous beaches, a warm climate, and a safe, stable environment. It’s perfect for retirees, digital nomads, or those seeking a relaxed lifestyle.
Benefits of living in Antigua and Barbuda
- Gorgeous beaches, warm climate, and a relaxed Caribbean lifestyle.
- Safe environment with a focus on community and tourism.
- Tax-friendly, with no personal income tax and favorable tax policies for expats.
- Great for retirees, digital nomads, and those looking for peaceful living.
Vanuatu
Quality of Life Index ranking: 113- Average cost of living: $1,470 to $3,050 per month
Quality of Life Index ranking: 113For Americans concerned about rising taxes, Vanuatu’s citizenship by investment offers a tax-free haven with no income, inheritance, or capital gains taxes. It is located in the South Pacific and imposes no corporate taxes, making it ideal for relocating U.S.-based businesses.
Americans can gain citizenship with a $130,000 contribution to the National Development Fund. The process is fast, granting a passport within 60 days. Only an annual registration fee and a small pension fund contribution are required.
Benefits of living in Vanuatu
- Vanuatu has no personal income tax, inheritance tax, or capital gains tax and no corporate tax for companies outside of Vanuatu.
- It offers A relaxed pace of life.
- While certain imported goods can be expensive, local products and services often have lower costs than Western countries.
- The country offers residency options for retirees.
- Vanuatu is generally considered safe, with lower crime rates than many other countries.
Dominica
- Quality of Life Index ranking: 58
- Average cost of living: $1,200 – $2,000 per month
Dominica is known as the “Nature Island” and offers a relaxed, eco-friendly lifestyle through the Dominica citizenship by investment program. Americans can gain citizenship with a $200,000 donation to the Economic Diversification Fund (EDF) or a $200,000 real estate investment (held for 3 years).
With no wealth, inheritance, or capital gains tax, Dominica is perfect for those seeking peace, nature, and safety. The country has very low crime rates and offers a close-knit, English-speaking community.
Benefits of living in Dominica
- Safe, with a strong sense of community and low crime rates.
- English-speaking with a peaceful, environmentally focused lifestyle.
- Tax advantages, including no wealth, inheritance, or capital gains tax.
- One of the safest countries in the Caribbean with very low crime rate
Grenada
- Quality of Life Index ranking: 70
- Average cost of living: $1,800 – $2,500 per month
Grenada’s citizenship by investment program is excellent for Americans seeking safety, tax benefits, and visa-free travel. You can donate $235,000 to the National Transformation Fund (NTF) or invest $270,000 in shares or $350,000 as a sole real estate owner.
Grenada does not tax foreign income, inheritance, or capital gains and allows visa-free travel to over 140 countries, including the U.K. and the Schengen Area. The country is known for its beautiful beaches, friendly locals, and low crime rates.
Benefits of living in Grenada:
- Known for its safety, friendly locals, and quiet lifestyle.
- Access to visa-free travel to over 140 countries, including the U.K. and Schengen Area.
- Beautiful beaches, spice plantations, and nature reserves.
- Tax benefits include no foreign income, inheritance, or capital gains tax.
- Grenada is considered very safe, with low crime rates and a welcoming community
St. Kitts and Nevis
- Quality of Life Index ranking: –
- Average cost of living: $1,500 – $2,500 per month
St. Kitts and Nevis’ citizenship by investment program is attractive for Americans seeking a peaceful, tax-friendly destination. You can invest $250,000 in the Sustainable Growth Fund (SGF) or $400,000 in real estate (held for 7 years) to gain citizenship.
With no personal income, capital gains, or inheritance tax, it’s ideal for retirees or those looking for a quiet, tropical lifestyle. The country is English-speaking and is known as one of the safest Caribbean islands, with beautiful beaches, water sports, and a laid-back environment.
Benefits of living in St. Kitts and Nevis
- Known for being one of the safest countries in the Caribbean.
- Tropical climate, beautiful beaches, and English-speaking.
- It is excellent for retirees and those seeking a quiet, low-key lifestyle.
- No personal income tax, capital gains tax, or inheritance tax.
Take a look at our Citizenship by Investment Comparison Guide
The Best Visas for Americans
Are you not ready to take the plunge with citizenship or make a significant financial investment overseas? Several countries provide the option of residency if you can prove that you earn a specified foreign-earned income.
Spain Non-lucrative Visa
- Quality of Life Index ranking: 9
- Average cost of living: €1,500 – €3,000 per month
The Spain Non-lucrative Visa is the ideal option for digital nomads or ex-pats who earn a monthly income remotely to move out of the US. The current minimum monthly income requirement for a Non-lucrative Visa is €2,400 or €28,800 in annual wages.
The initial Non-lucrative Visa is valid for one year. It is renewable twice for two additional years, totaling five years of residency. You must spend at least 183 days of the year in Spain and continue to prove that you have sufficient economic means to support yourself in renewing the visa.
After the fifth year of residency, you can apply for permanent residence in Spain. The country also has a residency by investment option through its attractive Spain Golden Visa Program.
Benefits of Spain Non-lucrative Visa
- Live in Spain without needing a job offer or local employment.
- Eligibility for Spain’s public healthcare system with proper private health insurance.
- Enjoy a pleasant climate, rich culture, and a relaxed lifestyle.
- Dependents (spouses and children) can apply for residency under the same visa.
- Apply for permanent residency after five years of continuous residence.
- Freely travel to other Schengen countries for short stays (up to 90 days).
- No proficiency tests are required for the visa application.
- Access to Spain’s public and private education systems for children.
Portugal D7 Visa
Quality of Life Index ranking: 13- Average cost of living: €1,500 – €3,000 per month
Portugal’s D7 Visa has become one of the most popular options for American expats to gain EU residency, and the capital city of Lisbon is already home to many American expats. The income requirements are much lower than the Spain Non-lucrative Visa; however, maintaining a minimum deposit in a Portuguese bank account is necessary to sustain a valid visa.
Foreigners must earn a minimum monthly income of €820.00 and maintain a bank balance of €19,840. The initial D7 Visa is valid for two years and renewable for three years. After five years, D7 Visa holders can apply for permanent residency or even Portuguese citizenship. Portugal also offers a residency by investment option through its Portugal Golden Visa.
Benefits of the D7 visa:
- Allows retirees and remote workers to live in Portugal while maintaining income abroad.
- Eligible for Portugal’s public healthcare system, providing quality medical services to residents.
- After five years of residence, holders can apply for permanent residency or citizenship.
- Enjoy Portugal’s pleasant climate, beautiful landscapes, and rich cultural heritage.
- Relatively affordable cost of living compared to many Western European countries.
- Dependents (spouses and children) can apply for residency under the same visa, promoting family unity.
- Ability to travel within the Schengen Area for up to 90 days, making it easy to explore Europe.
- Join a welcoming expat community and network with other digital nomads and retirees.
- No language proficiency tests are required for the visa application process.
Italy Digital Nomad Visa
- Quality of Life Index: 23
- Average cost of living: €1,500 – €3,000 per month
The Italy Digital Nomad Visa is designed for remote workers and digital nomads looking to enjoy the culturally rich country of Italy. This visa allows individuals to live in Italy while working remotely for a company outside the country or running their own business.
Applicants must demonstrate a minimum monthly income of €2,066; they must also have a passport valid for at least six months, proof of remote employment or ownership of a business outside Italy, and health insurance covering all medical expenses in Italy.
To learn more about the Portugal Golden Visa
Benefits of the Italy Digital Nomad Visa
- A relaxed pace of life with beautiful landscapes, charming cities, and a strong sense of community.
- Eligible for Italy’s public healthcare system, providing quality medical services to residents.
- After a certain period, the visa may lead to long-term residency or citizenship opportunities.
- Ability to travel freely within the Schengen Area for up to 90 days, making it easy to explore Europe.
- Connect with other digital nomads and expats, fostering professional and personal relationships.
- The visa application does not require proficiency in the Italian language.
- The option to bring family members also allows dependents to apply for residency.
Retirement is one of the main reasons Americans can choose to move out of the US. These are some of the best countries to retire in, and they offer great visa options for retirees.
Mexico (Temporary Resident Visa and Permanent Resident Visa)
- Quality Life Index ranking: 73
- Average cost of living: $1,300 – $1,500
Mexico is a great option for U.S. citizens looking for a country to retire. The nation offers a Temporary Resident Visa and a Permanent Resident Visa. The Temporary Resident Visa is suitable for those wishing to stay for more than six months but less than four years, while the Permanent Resident Visa is for individuals looking to reside indefinitely.
For the Temporary Resident Visa, there is no minimum stay required but a monthly income of about $3,100 for the past six months and savings or investments of €47,500 are required.
The Permanent Resident visa has advantages for retirees, as they are the only ones eligible for the minimum financial requirements of €98,440 in investment or bank accounts or a monthly income of €1,491 for six months. Every other applicant must go through the entire process and wait four years.
Benefits of living in Mexico
- Mexico’s relatively low cost of living compared to the U.S. and Canada
- The country has great warm weather.
- Close proximity to the US makes it easy for expats to visit family and friends back home.
- High-quality healthcare is available at a fraction of the cost compared to the U.S.
- While Spanish is the official language, English is still widely spoken.
- Depending on income sources, Mexico offers tax incentives for certain expats and retirees.
Costa Rica (Pensioner Visa)
- Quality Life Index ranking: 38
- Average cost of living: $1,500 and $2,500.
Costa Rica is another country offering beautiful weather and a relaxed lifestyle. It is perfect for Americans looking to retire because it has the Pensionado Program, which is tailored to retirees with a stable pension income. This program requires proof of pension funds but does not demand a significant financial investment. It requires a monthly income of about €920, and the applicant must maintain residency for just one day per year.
Benefits of living in Costa Rica
- Costa Rica is known for its beautiful natural scenery.
- The cost of living is generally lower than in the U.S.
- Healthcare costs are significantly lower than in the U.S.
- Costa Rica has a solid public education system, and many international schools offer high-quality bilingual education.
- Short flight times to the U.S.
Belize (Qualified Retirement Program)
- Quality Life Index ranking: 61
- Average cost of living: $1,200 to $2,000
Belize is also perfect for American retirees as it offers the Qualified Retirement Program, which provides a route to residency for retirees from all Commonwealth countries, the United States, and members of the EU. Belize’s official language is English, making it even easier for U.S. citizens to integrate into the community. The program has no residency requirement, but applicants must have a $2,000 monthly income or $24,000 annually in an approved foreign currency.
Benefits of living in Belize
- The cost of living is generally lower than in the U.S. and many Western countries, particularly in rural areas.
- Offers incentives for retirees, including tax exemptions on income earned outside Belize.
- Near the U.S., several airlines operate direct flights to major U.S. cities.
- There are no capital gains, inheritance, or wealth tax, making it appealing for those looking to manage their finances effectively.
- English is the official language, making communication easy for English-speaking expats.
Steps to Moving Out of the United States
Dissecting the query “How to immigrate out of the US?”
It might appear an unusual question, but the responses can be quite diverse. For some, relocating overseas or securing a second passport equals one of two scenarios:
- Moving abroad to gain an alternative citizenship as a plan B.
- Leaving America for good as a Plan A, cutting all ties and replacing current citizenship
Our guide is relevant for both situations but particularly tailored for those prepared to sever all ties with the United States and leave the country for good. Either way, you must complete a moving out of the USA checklist to ensure you cover all bases before moving abroad.
Step one: Manage your finances
For US citizens planning to cut all ties with the United States, you may want to move a significant portion of your wealth offshore and limit financial activities tying you to the US. That approach will give you a fresh start to build your finances in your new residence, preferably in a tax-friendly country with lower tax rates.
If you’re not quite ready to relinquish your American passport or are looking for a plan B passport, it would be wise to transfer only a fraction of your wealth overseas while maintaining some sort of banking presence in the US. Establishing credit and dealing with a foreign credit card company can be tricky without a financial history.
Having a US bank account in this situation can offer convenience in using your credit card for various purposes, such as paying specific bills and engaging in certain investments.
The truth of the matter is that as long as you are an American passport holder, you’re subject to filing tax returns in the US and paying US taxes. Moving outside the US doesn’t exempt you from US tax obligations, so manage your finances if you plan to live overseas permanently.
Step two: Organize your assets
Efficient asset management is another pivotal aspect of a smooth and secure transition out of the country. Consider your assets, where they’re located, and what you plan to do with them.
Your assets may include real estate, precious metals, and IRAs. Depending on their nature, you may need to assess their current condition for accurate valuations.
Deciding what to do with your assets is the most critical part of the process, as it should align with your reasons for relocating abroad.
Real estate: If you aim to sever all ties, the ideal approach is to liquidate your properties and invest the proceeds in offshore property ventures. Leaving real estate in the US might not align with your goal of reducing taxes, as you would still be liable for US property taxes.
IRAs: Many Americans living abroad with a retirement fund like an IRA are concerned about increasing government regulations. The short answer is that you can either liquidate the account or stop contributing to it. Another option, particularly for high-value IRAs, is to move it to an offshore IRA, which allows more control over assets and purchases.
Precious metals: While precious metals like gold, platinum, and silver offer more portability than property, showing up at the airport with a stash of valuables may not be the wisest approach. Transporting high-value assets on commercial flights can attract unwanted attention.
Consider enlisting the services of a reputable logistics company to handle the transportation on your behalf. You can move your precious metals to secure vaults in countries like the Cayman Islands or Singapore or in non-bank safe deposits outside the banking system.
Step three: Finalize your business
If you are a business owner planning to move out of the US, your business could prove to be an asset or a liability. A best-case scenario is when the business is location-independent, facilitating a seamless offshore transfer to significantly reduce taxes and potentially lowering operational costs while cutting financial ties with the US entirely.
On the other hand, if your business is in a fixed location and you have no plans to sell it, be prepared to pay US taxes. Although living abroad can offer some tax relief, it will not result in a complete exemption.
Step four: Residency or citizenship
Residency
The general rule is that if you intend to live abroad while maintaining ties with the US, a second residency abroad is your best option. Depending on your intentions, this could be a permanent or temporary residence. As a temporary resident, you can live in one foreign country for a short period before moving back to the US or renewing your residence visa.
As a permanent resident, you enjoy the privilege of indefinite stay within a country’s territory. This entails a full immersion into the local culture, providing access to a range of benefits that temporary residents may not have. However, you remain an American citizen and, therefore, must deal with both US and foreign banks and file tax returns in two countries.
Citizenship
Citizenship is intended for US citizens who feel strongly inclined to fully re-establish their lives abroad. If you aim to still have ties and financial obligations to the US, gaining citizenship in a new country is the only solution to reduce or eliminate taxes.
Citizenship also provides a viable backup plan or second citizenship option for those wishing to retain their US connections.
Step five: Choose a destination country
There are nations that are considered the easiest countries to immigrate to, and gaining residency or citizenship should align with your reasons and goals for moving out of the US. Some of these reasons may include:
- Are you looking for career opportunities? Freedom of movement in EU countries offers many options, including access to a diverse job market, innovative industries, and a wide range of multinational companies.
- Do you want to pay less taxes and enjoy a lower cost of living? Gaining citizenship in countries like Vanuatu eliminates all income tax obligations for individuals and businesses.
- Do you seek a new life in a tropical climate? Tropical countries like Antigua and Barbuda and Grenada offer citizenship to foreign investors who wish to live a tropical life in great weather without the culture shock of a language barrier.
- Do political concerns and escalating tensions worry you? With a constitutionally enshrined commitment to political neutrality, nations such as Malta provide a refuge from constant national and international political strife and uncertainty.
Once you’ve selected a new country or compiled a shortlist of potential candidates, you must explore the avenues for obtaining residency or citizenship.
Step six: Understand the visa and legal requirements
For American expats seeking the most straightforward path to leaving the United States permanently, this typically involves residency or citizenship by investment. This entails investing in the country’s economy in exchange for residency or citizenship.
However, not all investment programs are made equal; some may have stricter criteria than others. Nevertheless, most countries require the following when applying for investment programs:
- Be over 18
- Hold a cleaning criminal record
- Be in good health
- Not be a citizen of a prohibited nation
- Make the required investment
Additional prerequisites can include:
- Paying substantial government fees
- Holding the investment for five years or more
- Having a certain amount of savings
- Possessing an exemplary employment history
- Not have been denied entry to certain countries
Regardless of the program or country, each country requires up-to-date information and the legalization of important documents, such as criminal records and birth certificates or immunization records. Depending on the country, the requirements could also include a sworn translation in the local language.
As you may have figured, obtaining residency or citizenship involves fulfilling various criteria and meeting specific conditions to ensure a smooth and successful application process. This is where Global Citizenship Solutions steps in. Our experienced migration experts can handle the intricate details of applying for residency and citizenship through investment programs, ensuring a smooth transition to a new life abroad.
Frequently Asked Questions about Moving Out of the US
Can I move permanently out of the US?
Yes, you can move permanently out of the U.S. and renounce U.S. citizenship if you wish. This involves meeting specific legal requirements, including filing the necessary paperwork and attending an appointment at a U.S. embassy or consulate. However, renouncing citizenship is a significant decision, meaning giving up your rights and responsibilities as a U.S. citizen.
How can I move out of America without a job?
There are several options to move out of America without a job. These options include investment migration, which allows you to invest a specified amount of money in a country’s economy, and in return, you be offered residency in that country. Another option is to pursue a student visa, which requires enrolling in higher education within the host country.
How much money do I need to move out of the US?
The amount of money needed to move out of the U.S. varies widely depending on your destination, lifestyle, and moving expenses. On average, you may need between $5,000 to $15,000 for initial relocation costs, including visa fees, travel expenses, and settling in. It’s crucial to research the cost of living in your new country to budget appropriately for ongoing expenses.
Where is the best place for an American to live in Europe?
The best countries to move to from the USA in Europe depend on individual preferences, priorities, and circumstances. Some popular destinations for American expats include countries like Portugal, Spain, and Malta, which are all known for their great quality of life.
Is it hard for an American to move to Europe?
Moving to Europe as an American can be challenging due to varying visa requirements, residency laws, and bureaucratic processes in different countries. Language barriers and cultural adjustments may also pose difficulties. However, many Americans successfully relocate with proper research, planning, and support, making it a feasible option.
What are the steps to move out of the US permanently?
To move out of the U.S. permanently, follow these steps:
- Research Your Destination: Understand visa requirements, residency laws, and living conditions in your chosen country.
- Secure a Visa: Apply for the appropriate visa or residency permit.
- Plan Your Finances: Organize your finances, including banking, taxes, and budget for relocation costs.
- Notify Relevant Authorities: Inform the IRS and any other necessary organizations of your move and consider renouncing U.S. citizenship if applicable.
- Make Arrangements for Housing: Secure accommodation in your new country.
- Arrange for Moving Logistics: Organize the shipping of your belongings and plan your travel.
What documents do I need to move out of the US?
To move out of the U.S., you typically need the following documents:
- Valid Passport: Ensure it is up to date.
- Visa or Residency Permit: Required for your destination country.
- Birth Certificate: Often needed for legal identification.
- Marriage Certificate: If applicable, for family-related residency applications.
- Medical Records: Important for healthcare and immigration requirements.
- Financial Documents: Bank statements, proof of income, or employment letters may be required for visa applications.
