Retirement Thailand

Thailand retirement

Retirement tips Thailand

Retirment in Phuket or elsewhere in Thailand means you still need a steady source of income from abroad. The positive side is life will run according to your schedule and everything around is set up for. 

There is only one major hurdle and that is health care which is not so bad in Penang but in Bali and Thailand it’s not good at all doctors are usually on a low knowledge level because many of them just buy their certificates at the universities which is very common in Thailand on every education issue. Also you get always extremely overcharged when vising for any health service since you are a foreigner, only the sky is the limit with Actually there are positive and negative  things happen during retirement in Asia.

Retirement  Benefits. 

Thailand retirement tips
One of the most important retirement  benefits are it never gets cold and there is a easy living .On these tropical islands, there is always warm weather, an easy going life and costs are only about a third compared to the EU or the US. It is also not difficult at all to find a partner (both gender, actually in Thailand they have three) which might be substantially younger. Another major issue will be financial since it is rather difficult to get money for any work, first there are laws blocking that and salaries are quite low, it’s not even worth to stand up in the morning for that. 

retirement tips in AsiaThe other problem in this direction is (in particular in Thailand) to get money after you did something, they are absolutely unwilling to pay for anything they will lie, cheat and do whatever instead pay for any work done but if you like a beach nearby life can be interesting like at this waterfront at Ko Samui and Thailand retirement in Asia.

Another major issue will be financial since it is rather difficult to get money for any work, first there are laws blocking that and salaries are quite low, it’s not even worth to stand up in the morning for that. 
The other problem in this direction is (in particular in Thailand) to get money after you helped with something, they are absolutely unwilling to pay for anything they will do whatever instead for anything done. 

That means a good insurance is needed 

Almost everyone in a "western country" has the necessary insurance and this insurances usually have some agreement and or subsidiary to Thailand (we help if needed).

Thailand Retirement tips

Should I buy a house? 

The answer is yes but only in Malaysia where there is a clear situation with laws the English implemented. In Thailand for sure this is not since a foreigner can't purchase any piece of land. Whatever the real estate sharks are claiming (they want your money) it’s not true. Since the law stipulates that no foreigner can buy any piece of land and this also extends to most apartments. Don't touch this subject since you will always be the looser. Just enjoy the sights and sounds plus women and you will be happy by renting a place maybe a beach villa if there are enough funds available.

Phuket Beach Villa

Thailand fuzzy house buying contract construction.

In Thailand the Thai side who sells you the house or in case you are married your wife always has the control if there is ever a dispute they can claim the whole as theirs and throw you out because even some paper indicated you are the owner effectively the majority ownership is still with the local party / lawyer, a foreigner has no possibility to overcome this since this is the law and in case of a conflict yoiu the foreigner always loose.

Actually, they even can go to the police and claim you made an illegal deal and you get jailed and deported. Also, don’t try the Thai women option and marry one to have her handle these legal matters. In Thailand always keep one thing in mind "same same but different". If you every have a conflict on anything the foreigner almost never gets right it won’t matter how obvious the situation is.

A very common cause is that this woman has a Thai guy somewhere in the back you don’t see and after a while the women take possession of the house throw you out and her local boyfriend move in and usually they sell the whole, taking the money and move elsewhere. 

Usually they move somewhere upcountry where they come from and have a good life on your money, there is now way for a foreigner to defend him / herself this is called the very well know Thailand property scam. At least once per year the authorities issue warnings about this but people won’t take it serious and the real estate sharks will produce all variants of lies to counter this.

What is the EU or US doing on this?

As usual EU politicians do nothing the stop this but they cash 5 digits salary every month from taxpayers money but do nothing for the people who pays them this maoney, they rather make laws about the correct curvature of bananas, they real 'go bananas' in their brain (this is not a joke). On the other side, in the EU every foreigner can buy anything they like, this should only be allowed when it works both ways. The currently best probably is a long term rent e.g. 30 years is a common figure in Thailand with an extension option.

Never buy property in Thailand.

Actually the best is never buy any property in Thailand, if retiring here is the intention consider Malaysia or Cambodia there are clear rules and you wont get cheated no buy in Thailand is definitely something you should consider.

The cost of living in Thailand is low and it is one of the safest places in the world. With no cold weather to worry even in winter what more could you possibly ask for retiring in south Thailand or in a other location?

Potential retirement investors, who are currently considering an overseas property purchase in Asia, will probably have Thailand on their short-list at the outset, but upon looking into it will find that property investment in Thailand is not a good idea, why?

The law situation strictly bans and purchase of land by foreigners and the real estate shark community invented some work around which works as long there is in conflict otherwise the guys who sold you the property can just take it back again and it is gone forever no way to appeal since the law is clear.

On the one-hand Bangkok has been listed among the top twenty tourism destinations in the world, which should make a property investment there a good one. Dig a little deeper however and you find that capital appreciation, -- previously strong in the country -- along with all factors to be considered before investing, have been affected by the recent political turmoil. But as a matter of facts Thai political wrangling, military coups etc. are almost normal and it won’t affect anyone unless you go right into a demonstration or similar. The political wrestling is almost all the time limited to some areas in Bangkok and not really visible elsewhere, it’s just some kind of folklore.

The exception is the Muslim dominated stretch on the southern Thai border with Malaysia. There are clashes between insurgents and the Thai military almost every day. A specialty of the Muslim insurgents is to burn down Buddhist schools, temples and kill monks. But again this turmoil is limited to the border area between Thailand and Malaysia since the insurgents have their save backyard in Malaysia. Never the less Thailand is still among the best Asian countries for foreigners to retire and invest in, there is no inheritance tax or gift tax, capital gains tax is charged like income tax at the standard rate, and foreigners can own condominiums freehold. A condominium purchase is the easiest and even with the political turmoil as it is rental yields are still around the 8% mark in top tourist destination e.g. Bangkok.

To come over this problem the Thai do the usual cheating by making a contract construction wherein a formal way a sale could be done but since you never can own anything for more than 50% you are always at the mercy of local people who use this as leverage to pull continuously money from you.
The legal situation is simple the foreigner is always wrong and the local always right.
young and sexy Thai Phuket women
Ao Nang Beach KrabiYoung and sexy Thai women available mainly in the tourist centers

Such as Ao Nang Beach in Krabi

A good retirement alternative is Cambodia and Malaysia.

A good retirement alternative to Thailand is Cambodia and Malaysia.

Cambodia and Malaysia are becoming more and more attractive year after year as a retreat / retirement destination where you are not constantly dragged over the table and where a friendly atmosphere prevails including a law where foreigners have rights and can buy land without being considered undesirably intruders e.g in neighboring chaotic Thailand where every month relevant laws are changed and always to the disadvantage of foreigners.

After the wars of the past, Cambodia has made tremendous progress and has become very holiday & retirement - friendly, offering everything on holiday like culture plus water sports such as diving & snorkeling, boat rides, national parks with breathtaking waterfalls, nightlife, jungle hikes and a relaxing atmosphere in general.

Sihanoukville a holiday travel retirement destination.

Sihanoukville in Cambodia is currently (2019) the vacation destination of many Chinese who spend a great time on miles long beaches and a casino structure with almost 100 match temples have set in the green meadow and beach. The pool could be classified as a small lake and is almost seen from outer space, including a bridge to its own small island. The hotel is only 2 years old and has a staff ratio of 4: 1. The prices for comparable places to live elsewhere would be much higher.

If you are looking for a cheap place for retirement.

If you are looking for a cheap place for retirement you should take a close look at Cambodia as there are lots of accommodation both houses and apartments without the usual in Thailand. many with air conditioning, hot water, fridge and cable TV. If you are planning a stay for at least 6 months. On request there is visa extension without problems and "lubrication" you can stay as long as you want. About $ 300, - will be charged each year for the visa extension, which makes attractive attractive for retirees.

All you need is reliable power, internet and western restaurants including Khmer seafood, Thai, Vietnamese, French, Italian, German and Russian, Indians, Sri Lanka and more coming soon. Sihanoukville has plenty of English-language schools, so you can almost always find someone who speaks English when you need it..

The money.

Using money is no problem anymore since there are enough ATM 's available throughout the country.