Everyone envisions their ideal retirement in a unique way.

When people think of retirement, idyllic images of tropical islands often come to mind—hammocks swaying gently between two palm trees on white sandy beaches. Yet, beyond these picturesque scenes, island living offers so much more. Our guide to the top 10 islands for retirement in 2024 reveals a diverse array of options, showcasing the true potential of island life, ranked here in alphabetical order.

Anguilla

From an investment immigration perspective, Caribbean citizenship has long been favored by retirees, and Anguilla offers one of the most attractive residency-by-investment programs in the West Indies. As experts who helped design and implement the Anguilla Residency by Investment Program, we at Latitude Group know the ins and outs of this unique opportunity.

Tax-wise, Anguilla stands out among the Leeward Islands as a prime retirement destination. As a resident, you are exempt from income tax, VAT, capital gains, and inheritance taxes—a perfect haven for those seeking financial efficiency.

If you’re looking for a peaceful, remote escape, Anguilla is your ideal sanctuary. While direct flights from the U.S. and other major hubs are limited, an airport expansion is underway, though it will not be completed until 2041. However, once you’re settled in Anguilla, its isolation will feel more like an asset than a drawback.

After five years of residency, you’ll be eligible to apply for British Overseas Territories Citizenship (BOTC), which paves the way for British citizenship. This entitles you to a British passport, one of the most powerful travel documents globally.

Antigua and Barbuda

While the Antigua and Barbuda passport may not rival the UK’s in terms of strength, it is significantly easier to acquire. Following your citizenship through investment, you gain visa-free access to 157 countries, drastically increasing your global mobility.

The twin-island nation of Antigua and Barbuda is itself a passport to paradise, with 365 beaches—one for every day of the year. With 2024 being a leap year, there’s even talk of creating a 366th cricket field, named in honor of legendary cricketer Sir Viv Richards.

Like Anguilla, Antigua and Barbuda offer favorable tax benefits, with no income, capital gains, or inheritance taxes. The bustling capital of St. John’s, located on Antigua, contrasts with the tranquility of Barbuda, making it a more affordable retirement option while retaining the slow, leisurely Caribbean pace of life.

Cayman Islands

In the Cayman Islands, residency is also attainable through investment. The Cayman Islands Residency by Investment Program is one of the most exclusive, requiring a minimum investment of $1.2 million.

As in Anguilla, residency here also leads to BOTC status. Whether you choose to reside on Cayman Brac, Grand Cayman, or Little Cayman, you’ll experience the pristine beauty of the Caribbean Sea. Grand Cayman is the expatriate hub, Cayman Brac offers rugged natural beauty, and Little Cayman provides secluded tranquility.

The Cayman Islands’ tax advantages make it a top choice for retirees. Despite Seven Mile Beach being slightly shorter than advertised, its golden sands and crystal-clear waters remain a top spot for strolling or snorkeling, with plenty of marine life to discover.

Retirement in the Cayman Islands often feels like an extended holiday, complete with luxurious amenities like private yacht charters and catamaran excursions.

Dominica

Dominica is one of five Eastern Caribbean nations offering citizenship by investment. Like Antigua and Barbuda, demand for Caribbean citizenship is on the rise, especially before prices are expected to increase significantly in June 2024.

Dominica’s Citizenship by Investment Program offers a fast track to obtaining a passport, which grants visa-free access to 153 countries. With its reputation as “The Nature Isle,” Dominica boasts hot springs, rainforests, and waterfalls—natural wonders that create a spa-like atmosphere in a country defined by serenity.

For those seeking tax efficiency, Dominica provides favorable tax conditions for residents and citizenship investors.

Grenada

Grenada’s Citizenship by Investment Program, launched in 2014, will transition in 2024 to the Grenada Investment Immigration Agency, offering a refreshed approach to gaining Grenadian citizenship.

Once granted, a Grenadian passport allows visa-free travel to 155 countries. Grenada’s tax-friendly policies and the island’s lush landscapes make it a top choice for retirees who enjoy adventure and tranquility alike.

Known as the “Spice Isle,” Grenada offers a culinary journey filled with local delicacies like curried goat and “mountain chicken” (a frog-based dish). Its favorable tax structure and cool Caribbean breezes add to Grenada’s appeal as a top retirement destination.

Malta

Malta provides two compelling retirement options through investment: the Malta Permanent Residence Program (MPRP) and the Special Investor Citizenship Program. Both pathways are ideal for those seeking residency or a second citizenship.

Malta’s passport, ranked 7th globally, provides visa-free access to 175 destinations, offering unparalleled travel freedom. As a resident or citizen, you can also travel freely within the Schengen Zone.

Malta’s warm Mediterranean climate and English-speaking environment make it an attractive and easy transition for retirees. Its long summers and mild winters are perfect for outdoor activities, with over 12 hours of sunshine in July.

Saint Kitts and Nevis

Saint Kitts and Nevis’ Citizenship by Investment (CBI) Program is the oldest of its kind, established in 1984. It has inspired many neighboring nations to follow suit.

The Saint Kitts and Nevis passport is a powerful travel document, allowing visa-free access to 161 countries. Retirees are drawn not only by its tax advantages but also by its active lifestyle, with a variety of water sports and outdoor activities on offer.

Those who have visited Saint Kitts and Nevis on a cruise will understand its magnetic appeal. With citizenship, paradise is no longer a fleeting visit but a permanent home.

Saint Lucia

Saint Lucia, with its lush mountains and vibrant culture, is a true Caribbean gem. Since 1986, it has been the finish line for the Atlantic Rally for Cruisers (ARC), a 2,700-mile race from Las Palmas to Rodney Bay. But for retirees, the path to Saint Lucian citizenship is far more leisurely, thanks to the island’s Citizenship by Investment Program.

Once approved, a Saint Lucian passport grants visa-free access to 154 countries. Establishing tax residency here also offers financial peace of mind, with no taxation on worldwide income.

Rodney Bay is a hub for retirees, offering a peaceful lifestyle and a strong expatriate community. Gros Islet is equally beloved by both locals and visitors.

United Kingdom

Though not a typical choice for retirement, the UK is among the best islands for retirees, thanks to the Innovator Founder Visa. After three years of residency, you can apply for permanent residency, followed by British citizenship after two more years.

A UK passport, ranked 5th globally, grants visa-free access to 177 countries. London, a cultural and financial powerhouse, continues to attract high-net-worth individuals seeking world-class amenities, arts, and entertainment.

For sports enthusiasts, the UK’s Premier League is a global attraction, with its top teams excelling in both domestic and international competitions.

Vanuatu

Though Vanuatu’s passport has slipped slightly in global rankings, it still offers visa-free access to 113 countries. With a streamlined application process taking just 2-3 months, Vanuatu’s Citizenship by Investment Program remains one of the fastest paths to second citizenship.

Retiring in Vanuatu means embracing the idyllic island life promised in every postcard. Its pristine beaches and close proximity to Australia and New Zealand make it a top choice for those seeking a serene and remote retreat.

Investing in Vanuatu not only enriches your lifestyle but also supports the local economy. The absence of income tax is an added bonus for those retiring here.

Which Island Should You Choose for Retirement?

We hope this guide has provided clarity in selecting your ideal retirement destination. We would be delighted to discuss how various investment options can align with your retirement goals. Don’t hesitate—contact Future Citizen Bureau today, your trusted partner for residency and citizenship investment.