Why Retirees Choose The Canary Islands Over Florida | Cost of Living & Best Places for Retirement

Thinking about how to retire in the Canary Islands? These Spanish islands off the coast of Africa offer winter sunshine, a 7% sales tax instead of 21%, and an inheritance tax bill that can drop from €28,000 to just €28. In this video, I go through the real Canary Islands pros and cons for expats from the UK, the US and beyond. You’ll learn about the Canary Islands tax benefits, Spain inheritance tax, how your pension is taxed as a British or American retiree, and how a retired couple’s budget compares in Florida vs Canary Islands, and against the UK. We also cover the cost of living, Canary Islands healthcare (S1 form, private insurance and the Convenio Especial), the Spain non lucrative visa, and the downsides nobody mentions: long trips home, calima dust, island fatigue and a tight Canary Islands housing market. Then we visit the three best places for expats: Los Cristianos, Tenerife – sunny, easy and very British Puerto de la Cruz – the greener, more traditional side of North vs South Tenerife Las Palmas de Gran Canaria – a real city with the best healthcare in the islands If you’re planning to retire to Spain, this guide will help you decide if moving to the Canary Islands is right for you. FREE: Download your Expat Wealth & Lifestyle Compass ($108 value) today! Includes our Zero-Tax countries report, our essential expat checklist, and more! https://www.patreon.com/c/The_Expat Join us here before this offer ends! 💡Subscribe to @the_expat. I upload new episodes every week! This video is based on this article: 🗣️ Your residency renewal, your doctor, your neighbors — none of it happens in English. Start speaking Spanish, Italian, French or Portuguese here 👉 https://www.jdoqocy.com/click-101847884-15734907?sid=YoutubeLink1 Planning to move abroad? Read one of these 3 📚books BEFORE: 📚 1 - https://amzn.to/3UkgWUn 📚 2 - https://amzn.to/3U6gacp 📚 3 - https://amzn.to/441oWwJ ➡️Podcast "The Expatriate": https://www.spreaker.com/podcast/the-expatriate--5406772 🚨 QUESTION - Which country or city would you like us to talk about? 🔴 *** ABOUT THE CHANNEL *** From ten years living as an expatriate in the Middle East, South America, and Eastern Europe, to facts from reliable sources. Straightforward, no-nonsense guides for every expat. Some of the links posted and mentioned may be affiliate links, meaning that the author will have a commission for any transaction. 💡 TOPICS IN THIS VIDEO 💡 Best Places for Expats, Cost of Living, Retire in Canary Islands, Canary Islands retirement, Living in Canary Islands, Canary Islands expats, Moving to Canary Islands, Canary Islands pros cons, Retire in Tenerife, Living in Tenerife, Tenerife cost of living, North vs South Tenerife, Retire in Gran Canaria, Living in Gran Canaria, Gran Canaria expats, Los Cristianos Tenerife, Puerto de la Cruz, Las Palmas Gran Canaria, Spain retirement visa, Spain non lucrative visa, Canary Islands tax benefits, Spain inheritance tax, Canary Islands healthcare, Canary Islands housing market, Florida vs Canary Islands, Retire to Spain, Expat life in Spain, Retire abroad in Spain, Spain expat guide, Canary Islands property tax #retireabroad #retireinspain #retirementabroad 🔎 EXCERPT 🔎 €28. Instead of €28,000. That's how much you can reduce an inheritance tax bill if you are in the right part of Spain. Sales tax? Just 7% instead of 21%. And a retired couple can live comfortably for 47% less than in Florida. It's part of a European country, but it's not in Europe at all. It's a chain of islands off the coast of Africa, where in "winter" you can sip a barraquito, the delicious local drink, while tanning on the beach. The Canary Islands. Most people know them as a one-week winter escape. Beaches, sunshine. Cheap drinks. But the people who stay for good discover something much better. There's a catch, though… one downside sends a lot of expats packing, and I'll show you how to avoid it. Today, I'll show you the real pros, the honest cons, the cost of living, and the three best places to retire in the Canary Islands in Spain, for expats like you. Let's start with what makes these islands so different from the rest of Spain.