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The Reasons Why Hundreds of People Are Considering Retiring In Thailand Myself and my Thai wife are preparing active plans for retiring in Thailand later this year. I am like numerous 'aliens' (Thai call us 'Farangs') married to a Thai National who are expecting to retire in Thailand, or have in reality by now done so. Why do several people retire to Thailand, other than to provide their partner a house in their own country? Here are certain of the reasons you could wish to retire to Thailand:- 1. Varied and wonderful views stretching from the high hills right down to the wonderfully sandy tropical beaches 2. Wonderful and tasty Thai food Thai seafood is possibly the most well-known worldwide for its savory, individuality and gorgeous mixture of dishes. Thai seafood is celebrated for its hotness and this may be had in the roads, such as the name "street cooking". You might get the incorrect feeling that it could be polluted seafood, but it is actually not, specially as it is produced as you watch. 3. Wonderfully hot weather 4. A cost of living that is a fraction that of the western countries 5. And not forgetting the kindness and joy of the Thai people 6. Thailand is the 'East of the East' - the one Eastern state that retains more of it's 'Eastern-ness' than other Eastern nations. There may well be other reasons that so scores of people are dreaming of retiring in Thailand - each person has their own reasons. But one thing is certain, you don't have to to be loaded to retire in Thailand, you will be able to live comfortably there for a tiny percentage of what you would need in the West. What Is The Minimum Income Needed To Retire In Thailand Comfortably? It is frequently quoted that 25,000 Thai Baht monthly (approaching 750 US dollars) is enough to live comfortably in Thailand. According to the Thai immigration rules you it is compulsory to have an income of 65,000 Thai Baht monthly (approximately 2,000 US dollars) per month to meet the requirements for Thai retirement visa. (Additional qualifications additionally apply - such as being aged 50 plus). If you are married to a Thai National that 65,000 Baht criterion income reduces to 40,000 Baht. A quite close acquaintance of mine, a Thai National, works for Thai Airways. She is well qualified (BSc and MSc plus 10 years experience) and earns a salary of approximately 40,000 Thai Baht monthly. That is sufficient to repay a loan on a new Japanese car, pay off a mortgage on a new house in Bangkok with sufficient remaining to live on. Hence if you had that 40,000 Thai Baht monthly without the mortgage and car loans to repay, I suggest that you are able to live contentedly in retirement in Thailand. Assuming, of course, that you owned your own home. How To Own Your Own Property In Thailand And now retiring in Thailand is a little more complicated. Fundamentally, the Thai law is intended to prevent foreigners from owning land in Thailand. There have previously been assorted ways round this such as owing a Thai company and getting the Thai company own the land. But recently these loopholes have been blocked off and currently it is practically impossible for a non-Thai to own land in Thailand. What's the answer? Well, there are a couple of choices. Buying An Apartment In Thailand Without Owning The Land According to Thai law, particularly the Condominium Act, 'aliens' (i.e. non Thais) are allowed to own apartments in Condominiums. That is provided that no more than 49 percent of the condominium is owned by 'aliens'. But the 'alien' is unable to own the land upon which the condominium sits. Even if this may seem like a desirable proposition, there is one caution that should be applied. Buyer Beware! There are so a lot of pits into which the reckless buyer can fall and you are well advised to to check everything very carefully before advancing any cash on buying into a condominium in Thailand. Buying A House In Thailand In The Name Of Your Thai Other Half Assuming that you think that you will remain on good terms with your Thai partner for the rest of your intended retirement in Thailand, you may think about investing in a house in their Thai name. Logically you will in no way own the property and your investment will always be under your partner's control. But if you are content with this it is an option. You may also want to deliberate how the ownership of the property would be dealt with if your Thai partner were to die ahead of you. An unsavoury topic I know, but it may be an important matter for you. Some Other Things To Think About Before You Make The Final Decision To Retire To Thailand Having An Understanding Of The Thai Traditions If you have been in a relationship with a Thai for a significant period, you will have realised the differences between the Thai culture and that of the west. If, on the other hand, you do not have this understanding then I urge that you study one or two of the lots of books on the subject before making the final decision about retiring in Thailand. You could sooner or later get fed up with of what at first may seem like 'cute' behaviour. Further Information Concerning Retiring To Thailand I hope you have appreciated this short foreword to retiring in Thailand. And it is just that - a short introduction. I have only began to scratch the surface here and suggest that if this topic interests you that you find out more by looking at my other articles or by going to the Retiring In Thailand website. On the website which is updated day after day, you will come across a mine of constructive information about retiring in Thailand. Like how to build a house in Thailand and what it will cost all the way through to retirement visas and buying a vehicle. Every European has his own particular grounds for visiting to Thailand. A young hiker looking for adventure, a couple on the lookout for an opportunity to turn a dollar. Alternatively perchance you are a person looking for adventure, a friendless divorcee longing for a another pal, a retired senior wanting to chill out and take pleasure in his final years. Doesn't matter what your rationale for going to Thailand, one thing's certain . . you have stumbled upon the right place to get magnificent ideas and suggestions for happy living in Thailand. Staying in Thailand for a more extensive break prior to retiring to Thailand is a pleasant means to testdiscover if this is the Heaven for you. Quite a few individuals come to Thailand for many weeks to twelve months to ascertain if they ought to retiring to Thailand and find the vicinity of Thailand they love. More Resources Do Do With Retirement To Thailand Retiring in Thailand Building A Retirement House in Thailand How to get a Thai non immigration visa from the Royal Thai Consulate, Birmingham, UK Alan Brown has trecked all over the world for 27 years with his Thai spouse and is at the present all set for retiring in Thailand. For anybody with the idea to retiring in Thailand watch out for more writings from Alan or go to see the Retiring In Thailand Website.
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