Will I be able to use all the LIVE features of my RETAIL games after migration?? Will I be able to access them with my activation code or I need to repurchase them and get a new code?
You'll have to repurchase to keep licences for it but you should be able to use the content you've downloaded before but only on the console you downloaded them on.
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Considerations for Xbox LIVE Account Migration
Account Migration FAQ
When you migrate your XBL account certain features and content will not be accessible depending on where you migrate to as various laws and regulations come into play.
TerreBullet: I'm talking about the games I've purchased on CDs not downloaded ones.
If you read the FAQ it does explain it it only affects dlc
The new dlc in the new region may not be compatible with the other regions disks if it is region locked