The conditions governing the retirement permit scheme will soon be relaxed in a bid to attract more foreign nationals looking for a destination to retire, part of a larger blueprint to give a boost to the silver economy.
Indeed, a retired non-citizen will soon have to transfer at least $1,500 monthly to his or her local bank account, down from $2,500 actually.
This or a sum by installments amounting to at least USD 18,000 annually, down from USD 30,000 actually.
More details on this amendment soon.