Ex Pats in Thailand

1,087 Views | 5 Replies | Last: 4 days ago by newbie11
newbie11
How long do you want to ignore this user?
Hello, any ex pats in Thailand? Looking to maybe retire there or spend 2-3 months a year there soon.
gggmann
How long do you want to ignore this user?
AG
We spend our summers there when our daughter is out of school. Will be increasing to ~6 months a year once she graduates in a few years.

Where are you looking to live?
newbie11
How long do you want to ignore this user?
East pattaya, Hua Hin, East Bangkok.

From what I've been told, I've got enough resources to have a pretty good lifestyle there. I've always lived modestly but for 10-15 million THB, you can buy a really nice house in most areas. And the rest of living expenses are very low compared to the US.
gggmann
How long do you want to ignore this user?
AG
We have a house and farm in Surin and a condo in Pattaya. I'll probably buy another condo in Pratumnak or Jomtien for longer stays once I retire.

For $10-12mil Baht you can get a very nice place. Keep in mind that foreigners cannot own land, so unless you or your spouse has Thai citizenship you'll need to create a Thai company of which you can own up to 49% (split the other 51% between 2 Thais) and use it to purchase the land. There is some risk w/ that, but many people do it.

I'd advise to rent for a few months in any place you are considering buying property.

newbie11
How long do you want to ignore this user?
Once you retire? Do you work in Thailand? I thought expats couldn't really work there except teaching English.
newbie11
How long do you want to ignore this user?
gggmann said:

We have a house and farm in Surin and a condo in Pattaya. I'll probably buy another condo in Pratumnak or Jomtien for longer stays once I retire.

For $10-12mil Baht you can get a very nice place. Keep in mind that foreigners cannot own land, so unless you or your spouse has Thai citizenship you'll need to create a Thai company of which you can own up to 49% (split the other 51% between 2 Thais) and use it to purchase the land. There is some risk w/ that, but many people do it.

I'd advise to rent for a few months in any place you are considering buying property.


How do you expect the new tax changes to affect you? The tax on worldwide income for revenue earned prior to Dec 31, 2024.
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.