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Thailand
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© 2011 Live and Invest Overseas, Inc. www.liveandinvestoverseas.com
© 2011 Live and Invest Overseas, Inc.
Thailand
www.liveandinvestoverseas.com
© 2011 Live and Invest Overseas, Inc. www.liveandinvestoverseas.com
© 2011 Live and Invest Overseas, Inc.
Thailand
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© 2011 Live and Invest Overseas, Inc. www.liveandinvestoverseas.com
© 2011 Live and Invest Overseas, Inc.
Thailand
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At A Glance
• Population – 66.7 million (July 2011 est.)
• Median Age / life expectancy – 34.2 / 73.6
• Official Language – Thai
• Currency – Thai Baht (THB)
• GDP per Capita (PPP) – $9,221 (2010 est.)
• Climate – tropical; rainy, warm, SW monsoon
(May – Sept), dry, cool NE monsoon (Nov –
Mar), isthmus always hot and humid
• Natural Hazards – Drought, tsunami
• Government – Constitutional monarchy
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Chiang Rai
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Chiang Rai • Population – 199,699
• Small-town feel
• Great markets and shopping
• Nearby golf, hot springs, mountains, caves
• Gateway to the hill tribes & minority areas
• Foreigner-friendly
• Good roads
• Low cost of living
• Very good, affordable health care
• Warm summers, cool winters
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What about...
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Cost of Living Chiang Rai
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Rent Furnished 2-bedroom house US$400
HOA Fees N/A 0
Property Taxes N/A 0
Transportation Tuk-tuks, sorng-taa-ou (bus equivalent), taxis 40
Gas Used for cooking 5
Electricity, water, trash Moderate a/c use 26
Telephone TrueMove prepaid cell phone plan - 30 days 16
Internet Unlimited access 20
Cable TV 69 channels, includes English language stations 17
Household Help Allow $152 if full-time maid is required 0
Food Groceries for two people 200
Entertainment Frequent meals out, miscellaneous expenses 83
TOTAL (At 30 THB to 1 USD) US$807
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Property Costs
Rent apartments for US$200 to US$500 per
month...
Rent houses for US$300 to US$600 per month…
Foreigners can not purchase land in Thailand, but
can get long-term 30-year renewable leases on
land (90-years total) and build their own home…
Leases and real property are inheritable…
Foreigners can own condominiums – but there’s a
very limited market in Chiang Rai at this time...
Financing is generally not possible....
Chiang Rai
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Chiang Mai
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Chiang Mai • Population – 148,477 (2008); (Metro 960,906)
• Largest city in northern Thailand
• Very popular with expats (40,000 live here now)
• Buddhist temples, massage, eating and
drinking, golf, Thai boxing, expat activities,
cooking schools, festivals
• Foreigner-friendly, English widely spoken
• Low cost of living
• Transportation hub of northern Thailand
• Many outdoor activities in nearby countryside
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What about...
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Cost of Living Chiang Mai
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Rent Furnished 2-bedroom house US$500
HOA Fees N/A 0
Property Taxes N/A 0
Transportation Bus, tuk-tuks, taxis 100
Gas Used for cooking 5
Electricity, water, trash Moderate a/c use 50
Telephone TrueMove prepaid cell phone plan - 30 days 16
Internet Unlimited access 20
Cable TV 69 channels, includes English language stations 17
Household Help Allow $167 if full-time maid is required 0
Food Groceries for two people 200
Entertainment Frequent meals out, miscellaneous expenses 150
TOTAL (At 30 THB to 1 USD) US$1,058
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Property Costs
Apartments start at under US$300 per month, with
“luxury” condo's available starting at around
US$500 per month
House rents start at around US$300 per month
Foreigners can own condominiums, which in
Chiang Mai range from about US$17,000 to over
US$150,000. Most luxury condo's range from
around US$45,000 to US$90,000
Although foreigners can not own land, you could
own a home (with a 30-year renewable lease on
the land) for as little as US$30,000
Chiang Mai
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Hua Hin
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Hua Hin • Population – 84,883 (2006)
• Population of expats – 15,000 (2011)
• 12 golf courses (+ 3 more under construction)
• Beautiful beaches, horseback riding, hiking,
wine tasting, birding, seafood, theater
• Summer palaces of the King and Queen
• Internationally accredited hospital
• Expat clubs, western food, amenities...
• Relatively low cost of living
• A true “retirement haven”
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What about...
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Cost of Living Hua Hin
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Rent Furnished 2-bedroom house US$600
HOA Fees N/A (Included in rent) 0
Property Taxes N/A 0
Transportation Tuk-tuks, sorng-taa-ou (bus equivalent), taxis 40
Gas Used for cooking 5
Electricity, water, trash Moderate a/c use 29
Telephone TrueMove prepaid cell phone plan - 30 days 16
Internet Free Hua Hin Citywide – Avg. $20 with paid ISP 0
Cable TV 69 channels, including English language stations 17
Household Help Allow $250 if full-time maid is required 0
Food Groceries for two people 200
Entertainment Frequent meals out, misc. expenses, 300
TOTAL (At 30 THB to 1 USD) US$1,207
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Property Costs
Rent a condo for US$300 to US$500
Rent a house for US$500-US$1,500
Buy a condo for under US$85,000
Buy a house (30 year renewable lease on land)
for US$100,000 and up
Leasing land: The only option for foreigners who
want to own a home in Thailand. Lease is for 30
years and can be renewed twice. A lease may
include beneficiaries... Return on investment is
potentially high in Hua Hin...
Financing generally not possible
Hua Hin
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Thailand Pros
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Developing Southeast Asian country
accustomed to foreigners
Pleasant tropical climate
Beautiful beaches, exotic hill-tribes, golf, wild
mountains, infinite recreational opportunities
Low cost of living
High-quality and affordable health care
Good roads and transportation – Bangkok is a
major Southeast Asian transport hub
Tolerant of alternate lifestyles
Beautiful Buddhist-influenced architecture
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Thailand Pros
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Thailand Cons
• Heavily touristed
• Thai language difficult to learn
• Outside of major urban areas, little English used
• Air pollution (especially in northern Thailand)
• Difficult for people <50 to get long-term visa
• Bugs (this is the tropics!)
• Foreigners can't purchase land
• Bargaining often required, overcharging
foreigners common, 2-tier pricing at national
parks
• Sex tourism
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Thailand Cons
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Residency
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30-day stamp on arrival for most nationalities
60-day visas easily available
12-month multiple entry visas (any age) – must be
outside the country to apply. A “visa run” every 90
days is required
Non-immigrant visa “O-A” (long-stay) available if
age 50 or older and can meet the financial
requirements - assets of at least 800,000 baht
and/or pension or social security of 65,000 baht per
month or combination of the two. Visa good for 1
year and can be extended annually. No “visa runs”
required...
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Medical Care
• A top spot for high-quality, affordable medical
and dental care
• Many hospitals are accredited through Joint
Commission International (JCI)
• A medical tourism destination
• English speaking doctors
• Some alternative practitioners
• No prescriptions required for most medications
• Medications cost much less here than in the
west
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Taxes
• No property taxes
• No sales taxes
• No inheritance taxes
• Thailand has a double-taxation treaty with the
U.S.
• Taxes on income earned in Thailand range from
0 to 37%
• Taxes will be assessed if leasing land (1 baht
per 1,000 baht of the rent for entire lease
period) or at the time of purchase or sale of
property...
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Accessibility
• Bangkok (BKK) is a major Asian transportation
hub covered by all major airlines
• Direct flights from Europe and North America
• Chiang Mai (CNX) also has direct flights from
other Asian countries
• Several budget carriers serve Thailand (Air
Asia, Tiger Airways, several domestic airlines),
keeping prices down
• Good for train travel – from Chiang Mai to
Malaysia...
• Good roads, reliable and extensive bus system
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Accessibility
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Retiree Benefits
• Although Thailand offers a long-stay visa, it
does not come with any specific “retiree” perks.
However, you can get a driver's license, have a
bank account and enjoy the same prices that
the locals pay at national parks with a long-stay
visa...
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Recreation
• Beautiful beaches with full-range of water sports
• Trekking, wildlife watching, caving, horseback
riding
• Incredible roads for motorcycle touring
• Golf and Thai boxing
• Concerts and movies
• Shopping, restaurants, cooking classes
• Nightlife and wine tasting
• Expat clubs and activities
• Yoga, meditation, spas, massage
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Recreation
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Is Thailand
for you? • Perfect for outdoor enthusiasts
• The second least expensive country in
Southeast Asia
• Excellent medical care
• Home to many foreigners
• Good place for seniors, couples with children
• Very accepting of alternative lifestyles
• Investment opportunities in real estate
• Also consider Bangkok, Phuket, Krabi, Udon
Thani...
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Is Thailand
for you?
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Is Thailand
for you?
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