| Establishing residency overseas is one thing. To | | | | Temporary Resident |
| establish citizenship is another. You do not need to be | | | | Temporary visas vary. Usually renewable, they are |
| a citizen of a country to reside there. Residency only | | | | sometimes issued for work or school and may require |
| means that you have a right to live in that country. And | | | | proof of a minimum monthly deposit in a bank account. |
| sooner or later, you must decide whether to stick with | | | | Permanent Resident |
| a tourist visa or choose between applying for | | | | You may be granted permanent residency by residing |
| temporary residency or permanent residency. Just | | | | legally for a number of years as a temporary resident |
| make sure the decision you make is right for you. | | | | or upon marrying a citizen of that country. Some good |
| Citizenship issues | | | | retirement spots such as Belize or Panama make it |
| Even if you establish residency overseas, you still | | | | very attractive to become a permanent resident by |
| continue to be a citizen of your own country. It only | | | | offering tax breaks for retirees. |
| means you are no longer a resident. If you are originally | | | | How to Avoid Permanent Residency |
| from the United States and continue to file your tax | | | | If you want to stay away from becoming a |
| returns every year, your citizenship is not affected. | | | | permanent resident of any country, avoid remaining |
| Therefore, establishing residency is not an issue for | | | | more than 5-6 months out of a year in one country. |
| receiving your social security check. Just be aware of | | | | Divide your time between 3 or 4 places instead. That |
| issues regarding your tax obligation to your home | | | | way, you can avoid any legal obligations. |
| country and local taxes when retiring abroad. | | | | What are your retirement plans? To hang out under a |
| Visa | | | | palm tree with a steady supply of Mimosas? To open |
| A visa is a sticker or stamp affixed to your passport. It | | | | a sandwich shop in a South American beach town? |
| grants you the right to enter a country, either as a | | | | What is it that you really want to do? |
| one-time entry, multiple entries, or for a specific length | | | | Find out what your needs are regarding residency and |
| of time. Visas vary from country to country. | | | | citizenship before deciding on a move. You could |
| Tourist Visa | | | | always become a permanent tourist and taste what |
| A tourist visa is required in some countries if your stay | | | | other shores have to offer. Then you could do away |
| is longer than 3 days. Normally you can remain up to | | | | with the hassles of establishing residency. |
| several months with this type of visa. | | | | |