zulu_dude - 4:04 pm on Aug 11, 2010 (gmt 0)
Clearly I'm slightly biased as I'm a native, but South Africa (or almost any other Southern African country) could be worth looking at. Cape Town in particular is beautiful and has a mild, mediterranean climate.
The infrastructure isn't world-leading, but reliable, fast broadband is available in all the big cities. The political situation is very stable in an African kind of way and pretty much the only downside is the potential of crime in the larger urban areas.
Having said all that, I live in the UK as the potential for web-based business is currently much larger! This wouldn't be an issue if you have an established web-based business.