Where should I setup a bank account in Rhodes?

"Rhodes, is a popular destination for expats due to its warm climate, beautiful beaches, and rich history. Before retiring in Rhodes, there are several things expats need to know. Firstly, it's important to understand the cost of living in Rhodes. While it is generally lower than in many Western countries, it's still crucial to budget carefully and consider factors such as housing, food, healthcare, and transportation. Secondly, healthcare in Greece is of a high standard, but it's recommended to have comprehensive health insurance. While EU citizens can access Greek healthcare, non-EU citizens will need private health insurance. Thirdly, the language barrier can be a challenge. While many locals speak English, especially in tourist areas, it's beneficial to learn some basic Greek to help with day-to-day tasks and integration into the local community. Fourthly, the process of buying property in Greece can be complex, so it's advisable to hire a local lawyer who can guide you through the process. Fifthly, Greece has a high tax rate, and retirees may be subject to taxes on their worldwide income. It's important to seek advice from a tax professional before moving. Lastly, the pace of life in Rhodes is slower than in many other places. This can be a positive aspect for those looking to relax in retirement, but it's worth bearing in mind when it comes to things like administrative tasks, which can take longer than expected. In conclusion, retiring in Rhodes can offer a high quality of life, but it's important to do thorough research and preparation before making the move," wrote a member who made the move to Rhodes, Greece.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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