What do I need to know before retiring in Iloilo City?

When we asked people what advice they would give someone preparing to move to Iloilo City, they said...

"Before retiring in Iloilo City, expats should be aware that the cost of living is relatively low compared to Western countries, making it an attractive destination for retirees. However, they should also be prepared for a different standard of living, as the infrastructure and public services may not be as developed as in their home country. Expats should also know that the primary language spoken in Iloilo City is Hiligaynon, although English is widely spoken and understood, especially in business and education sectors. It would be beneficial to learn some basic phrases in the local language to help with daily interactions. Healthcare in Iloilo City is generally good, with a number of hospitals and clinics available. However, expats should ensure they have comprehensive health insurance as the quality of healthcare can vary and some treatments may not be available. The climate in Iloilo City is tropical, with a wet and dry season. Expats should be prepared for high temperatures and humidity, as well as potential typhoons during the rainy season. Expats should also be aware of the local customs and traditions in Iloilo City. Filipinos are generally very friendly and hospitable, but it's important to respect their culture and traditions to integrate well into the community. The city is known for its festivals, particularly the Dinagyang Festival, which is a major cultural and religious celebration. Participating in local events and festivals can be a great way to understand and appreciate the local culture. Finally, expats should understand the visa requirements for retiring in the Philippines. The country offers a Special Resident Retiree’s Visa (SRRV) which allows foreigners to live indefinitely in the Philippines, but there are specific financial requirements that must be met. It's recommended to consult with a legal expert or the Philippine Retirement Authority for detailed information," said a member in Iloilo City, Philippines.

SJB Global
Connect

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

Click connect to have our partner contact you via e-mail and/or phone.