ASIA, Thailand

Thailand, Asia

Posted by Rick V on

Thailand is a country that seduces with its exotic landscape and island paradise.

It is very economical, with a relatively low cost of living, which is a fraction of what you would find in most Western countries. Known as “The Land of Smiles”, it is renowned for its idyllic beaches and friendly locals, and one can experience a truly different way of life when living in Thailand.

Thailand is a multicultural country with inhabitants from all over the world, and also with a fascinating and diverse national culture and varied breathtaking landscapes. It also has one of the most advanced infrastructures in Southeast Asia, and has some of the best cuisine in the world.

Thailand
Thailand

Average journey times:

  • Paris – Bangkok: 11 hours 40 mins
  • London – Bangkok: 11 hours 46 mins
  • New York – Bangkok: 17 hours 01 mins
  • Los Angeles – Bangkok: 16 hours 16 mins
  • Sydney – Bangkok: 9 hours 22 mins

Property price per sqm: 3 800 €

HDI ranking: 93/196 countries

HDI: 0.726 Medium human development index based on 3 criteria health, education and longevity

Big Mac Index: 3,72 USD

1 thai baht = 0,029 EUR / 0,032 USD

How can you live in Thailand

Residency requirements:

There are generally 3 types of long-term visas in Thailand – B, O, and OA. B visas are for foreigners who wish to work, do business, apply for a work permit, or study in Thailand. O visas are usually for the spouse or dependent of a Thai citizen, or for those foreigners who wish to volunteer or retire with a foreign state pension. OA visas are for those over 50 years of age who wish to retire in Thailand. There is a long list of requirements for this visa, including proof of sufficient funds, criminal and medical background checks.

For shorter stays, depending on your country of citizenship, you can enter the country as a tourist for either 15, 30, or 90 days.

Housing in Thailand:

The real estate market in Thailand is constantly evolving. It is fairly easy to find a reasonably priced, comfortable accommodation. Many options are available, including serviced apartments, condominiums, townhouses, and detached homes.

Taxation:

If you live in Thailand for more than half of the year then you are considered a tax resident. You will be expected to pay taxes on your worldwide income. You will be allowed certain deductions and allowances depending on your situation. Your income tax rate is based on a sliding scale depending on annual income. If you live in Thailand and have an income in Thailand you must obtain a tax id number.

Safety:

Thailand is considered a moderately safe destination for foreigners. Violent crimes against foreigners are rare, but due to the somewhat unstable political situation after the military coup in 2014, political tensions are still running high.

The extreme south of Thailand is still at high risk of separatist violence. Travel is discouraged in Narathiwat, Pattani, Yala and Songkhla Provinces. The borders with Myanmar and Cambodia should also be avoided, due to an ongoing border dispute.