What do I need to know before retiring in Thailand?
When we asked people what advice they would give someone preparing to move to Thailand, they said...
"Find a good place to live - you'll need it in this city. Do not plan too much in the beginning. Take things easy, read a lot about Thai culture and the city," commented one expat who made the move to Bangkok, Thailand.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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"It is important for expats to understand and abide by Thai laws and customs to avoid any trouble. Expats should also be prepared for a different climate than their home countries and ensure they have all necessary medical supplies. Expats should research the cost of living and research the various towns and cities to ensure they choose the best place when settling. It is also important to open a bank account for transfer of funds and for expats to understand the taxation laws in Thailand. Additionally, expats should note that English is not widely spoken outside of large cities; knowing the local language can be beneficial. It is important to research Thai visas and health care options to ensure a smooth transition. Finally, expats should consider creating a budget and seeking professional advice so they can manage finances effectively in retirement," remarked another expat in Thailand.
Other Questions:
- What do I need to know before retiring in Thailand?
- How do I meet people in Thailand?
- What is life like in Thailand?
- Is there a lot of crime in Thailand?
- Is there a lot of diversity? Are people in Thailand accepting of differences?
- What are the schools in Thailand like?
- Is the cost of living in Thailand high?
- What advice do you have for expats having a baby in Thailand?
- What are healthcare services like in Thailand?
- Is the cost of living in Thailand high?
- What type of recreational facilities are in Thailand?
- What is the weather like in Thailand?
- Are there good restaurants in Thailand?
- Where will I buy groceries and do other shopping in Thailand?
- What are the visa & residency requirements in Thailand?
- Are healthcare and health insurance expensive in Thailand?
- What do I need to know when buying property in Thailand?
- Are foreigners allowed to own property in Thailand?
- What appliances are typically included in a rental?
What do I need to know before retiring in Thailand?
If you live in Thailand, newcomers to Thailand would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
