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Retiring In Thailand - How To Retire In Style In Thailand On A Budget
The Reasons Why Hundreds of People Are Playing With The Idea Of Retiring In Thailand

Like many husbands of Thai wives, me and my Thai wife are hoping to be retiring in Thailand this year. It is fairly normal for 'Farangs' (the Thai name given to western 'aliens') married to a Thai National to retire in Thailand, yet also countless non-married people retire in Thailand as well.

A number of people may well dream of retiring in Thailand to make their partner joyful by providing them the chance to live in their own native land. But what additional reasons exist for retiring in Thailand?

Here are a number of of the reasons you might like to retire to Thailand:-

1. Varied and delightful panoramas with striking coastlines

2. Food that is totally mystifying and a pleasure to behold and to the taste buds yet is in addition hugely inexpensive



3. Wonderfully hot climate

4. A cost of living that is a tiny proportion that of the western countries

5. The laid-back and warm disposition of the Thai people

6. Thailand is the 'East of the East' - the one Eastern nation that retains a great deal more of it's 'Eastern-ness' than any other Eastern country.

There will be other reasons that so lots of people are dreaming of retiring in Thailand - each individual has their own reasons. Yet one thing is certain, you don't have to to be loaded to retire in Thailand, you can live extremely well there for a tiny percentage of what it would cost you in the West.

What Is The Minimum Income Needed To Retire In Thailand Contentedly?

Certain people claim that you are able to live contentedly on $700 monthly. That equates to roughly speaking 23,100 Thai Baht monthly.

According to the Thai immigration rules you must have an income of 65,000 Thai Baht a month (roughly 2,000 US dollars) monthly to meet the requirements for Thai retirement visa. (Further restrictions also apply - such as being aged fifty plus). Should you be married to a Thai National that 65,000 Baht requirement income decreases to 40,000 Baht.

40,000 Thai Baht a month is a high salary for a Thai National in a respectable position working for Thai Airways. I know because a relative of mine in Bangkok makes precisely that. And she has a BSc and an MSc plus years of experience! With that 40,000 Baht she is able to pay off a mortgage on a new house in Bangkok area, repay a loan on a new Japanese car and then have sufficient left over for everyday living and holidays.

Hence if you had that 40,000 Thai Baht a month without the mortgage and car loans to pay off, I suggest that you are able to live contentedly in retirement in Thailand.

Of course, you must have someplace to live in.

How To Own Your Own Property In Thailand

It is extremely hard - impossible perhaps - for non-Thais to own land in Thailand. This used to be possible through different roundabout ways but the Thai government bit by bit got wise to what was going on and made additional laws to stop that. Only Thai's can own land in Thailand.

What's the answer?

Here are some ideas that may work.

Owning An Apartment In A Condominium In Thailand

Any foreigner who is in Thailand legally can own an apartment in a condominium building. Conversely, a foreigner may not own the land upon which the building is built.

Before advancing any funds to a condominium owner or agent I strongly suggest that you meticulously research the pitfalls that await the innocent would-be apartment owner. I'm not going to even try to list some of those here because if I started this little paper would quickly develop into a full-blown volume. What I can do is suggest that you go to the Retiring In Thailand website and look for the resource links.

Investing In A Dwelling In Thailand In The Name Of Your Thai Wife

In the case that you are content to let your Thai partner obtain a home in Thailand with your funds then it is an extra choice available to you. Of course you would only contemplate this alternative if you thought that you had a strong and unwavering relationship. You don't want to be kicked out and lose all your investment.

On a more serious note, have you considered what would happen to your rights to live in the property should your Thai partner die? Or, if you then choose to return to your mother country, how you could sell the property and repatriate the funds. This may be a tricky subject but could be extremely significant to you in future.

Other Things To Consider Before Retiring In Thailand

Having A Knowledge Of The Thai Way Of Life

You may have seen reports or seen books about the differences between Thai and western cultures. Or you may have first hand experience from a close relationship with a Thai. If you don't have this understanding then it's best to learn about at least a few of the books on the topic as the differences, charming as they may appear at first, may tire on you later on.

Extra Data On Being Retired In Thailand

I hope you have enjoyed this short introduction to retiring in Thailand. And it is just that - a short guide. I have only began to scratch the surface here and suggest that if this topic interests you that you find out more by reading my other articles or by going to the Retiring In Thailand website. On the website which is updated every day, you will come across a mine of constructive information about retiring in Thailand. For example how to build a house in Thailand and what it will cost all the way through to retirement visas and purchasing an automobile.

Every Farang has his own private motive for retiring to Thailand. A youthful hitchhiker looking for a thrill, someone with an eye for a new business venture.

Alternatively perchance you are a person looking for adventure, a friendless divorcee craving for a new buddy, a retired senior needing to slow down and enjoy the remainder of his life.

Doesn't matter what your raison d'être for coming to Thailand, one thing is for sure. . . you've come to the right place to find terrific tips and thoughts for satisfactory retiring in Thailand.



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