The Philippines has emerged as one of the world's most attractive destinations for foreign retirees, ranking 8th on the 2026 Rumavi Global Relocation Index, BusinessWorld reported.
The index, which evaluates countries based on factors including cost of living, healthcare, and tax policies, highlighted the Philippines' favorable tax regime for foreign retirees. The country offers special retirement visas and tax incentives under the Philippine Retirement Authority, making it a competitive choice for retirees seeking lower tax burdens.
The ranking places the Philippines ahead of several established retirement destinations in Asia and Europe. Industry observers note that the country's relatively low income tax rates for foreign retirees, combined with affordable living costs, are driving its appeal in the global retirement market.