Are you considering retiring to Roatan? In our article, learn how to retire on a tiny island in the Bay Islands.
How to Retire in Roatan – Our Guide
Retiring in Roatan can be a great way to spend your twilight years. In this article, we’ll share the details of how to retire in Roatan.
Roatan is a beautiful island with an idyllic tropical climate and lower cost of living, so it’s a fantastic place to retire. From the palm-fringed beaches of West Bay to the bustling village of Coxen Hole on the other side, there are plenty of places to live and enjoy your retirement in the sunshine. Keep reading our guide to help you find the ideal homes for sale in Roatan suitable for retirement.
Can I Retire in Roatan?
Most Americans, Canadians, Europeans, and Brits are permitted to enter without a visa. Tourists typically receive a 30-day visit stamp on arrival, which can be extended for up to 90 days by visiting the immigration office. Non-residents can, therefore, usually spend the winter in Roatan without too much hassle.
However, if you’re not a citizen and would like to live full-time in Roatan, you can apply for a visa through one of several different options. If you’re financially secure and retired, the ‘Pensionado’ or ‘Rentista’ visa could allow you to reside in Roatan permanently.
Pensionado / Rentista Visa – Overview
Roatán’s Pensionado and Rentista visas allow financially secure retirees who fulfill the requirements and follow the procedure to become full-time residents of Roatan. It will also allow you to import your personal items and a vehicle duty-free.
Pensionado / Rentista Visa – Requirements
The Pensionado visa is available to couples who can show they have a combined minimum monthly income of $1,500 for the rest of their lives from Social Security, a pension, or another assured source.
In the instance of a Rentista visa, applicants must show they can maintain an income of at least $2,500 each month from an investment like a rental property.
Pensionado / Rentista Visa – How to Apply
We recommend that all applicants obtain the assistance of a local, reputable lawyer during the application procedure.
Permits for residency in Roatan & Honduras are issued by the Honduran Secretary of Justice (Secretaria de Gobernaci on y Justicia) in the capital Tegucigalpa, which takes an average of 6 to 9 months.
Why Retire in Roatan?
Roatan is one of the dream retirement destinations because of all the beautiful things you find there. The island is located approximately 35 miles (56 km) north of mainland Honduras, but it has a totally different vibe to it. It’s surprisingly small, only 32 square miles in size, and all the better for it- you’d never want to live in a big city again! Even though it’s small, Roatan is perfect for a relaxing retirement because there are stunning beaches everywhere- no more cold water or seaweed or pebbles.
I am confident that retiring in Roatan would be a fabulous experience. The natural beauty of the island cannot be matched. There are plenty of activities- beach bars, restaurants, golf courses, and water sports – for you to enjoy in your retirement period.
It’s a gorgeous little island, and life is uncomplicated here too. Roatan is also easy to get to with direct flights from the USA, Canada, and Central and South America. The internet and cellphones are reliable. Unlike Spanish-speaking mainland Honduras, English is the lingua franca of this tiny island, making life particularly easy for retirees from North America and the UK.
How Much Does it Cost to Retire in Roatan?
The costs of living in Roatan compare favorably to North America and other islands in the Caribbean.
Although certain goods, such as electricity and imported food items, are expensive, the overall cost of living is reasonable.
For those wanting to buy property, real estate in Roatan is reasonably inexpensive when compared to other islands in the Caribbean.
Buying Real Estate for your Retirement & Applying for Residency
There is no requirement for individuals to buy property in order to live on Roatan – It is also feasible to rent.
This island is the perfect place to buy if you’re looking for a house or condo in Roatan. You can find affordable and luxury properties available on the island, from newly-built villas in beachfront resorts to homes nestled in the lush hills. Whichever property you choose, you’ll be able to enjoy your time there!
Browse Roatan real estate on our website to locate the ideal properties for sale.
For additional information on acquiring residency and the purchase procedure, see our guide to purchasing real estate in Roatan.
Where are the Best Places to Retire in Roatan?
So your only remaining question might be – Where are the best places to retire in Roatan? This is, of course, a matter of personal choice.
Beach lovers, don’t look any further than the West Bay area, which is known for its world-class white sand beach and peaceful turquoise seas.
The West End Village is a popular destination for those seeking to be in the thick of things. It’s a lively area (which is roughly 10 minutes from West Bay) with a vast range of exciting restaurants, retailers, nightlife, services, and amenities practically on your doorstep.
The peaceful residential area of Palmetto Bay is excellent for living a slower lifestyle by the sea.
For people who want the ease of resort living, take a look at Pristine Bay, Infinity Bay, and Lawson Rock in Sandy Bay.
Find out more about Retiring in Roatan
Do you want to learn more about retiring in Roatan or perhaps browse houses for sale that would be ideal for your retirement?