Retiring in Bangkok

Bangkok, the capital of Thailand, a popular retirement destination in Southeast Asia. Also known as the ‘Land of Smiles’ and Thailand definitely lives up to that reputation. With foreigners making up ¼ of Bangkok’s population, it is such a well-loved city globally!

There are so many reasons why Bangkok is perfect for retirement!

Closer to home
Home is just a short flight away. Travelling back and forth wouldn’t be a problem for you and your family for frequent visits!

Lack of language barrier
Language barrier practically does not exist in Bangkok with majority of locals speaking English, Chinese and Teochew. Thanks to globalisation, English is now a common language, even for their road signs and menus!

Infrastructure
Getting around in Bangkok is cheap and extremely convenient. You’ll be spoilt for choices from the colourful taxis, BTS Skytrain, Chao Phrya River Express Boat, motorcycle taxis, Subway (MRT), tuk tuk, Airport Rail Link (ARL) and public buses.

Good medical facilities
Bangkok has world renowned hospitals that provide world class medical care at amazing values, as compared to many other countries.

Things to do
There are endless recreational activities available in Bangkok. Majestic places of worship and grand palaces will keep you in awe during your visits. From weekend markets to luxury malls, you are guaranteed endless shopping trips that will cater to your every need. Places of rest like their picturesque beaches and relaxing spa will help remove any signs of fatigue from you. Needless to say, Bangkok is also known for their vibrant nightlife where you can chill out and have a drink with your fellow retirees.

Food
The least of your worries in Bangkok is the food. In addition to the amazing local dishes, globalisation has brought food from all over the world into Bangkok, serving all kinds of food from street stalls to Michelin restaurants. All the needs of your taste buds will be catered to.

Cost & requirement
With all that, the most important questions are, how much does it cost to retire in Bangkok and what are the requirements? To obtain a 1-year visa, you must be a minimum 50 years of age, have at least 800,000 THB (32,000 SGD) in a Thai bank account OR proof of a monthly income of 65,000 THB (2,660 SGD) OR a combination of the two.

Contact us to find out how to you can achieve an income of $2,660  when you retire.

Credit: http://www.thaiembassy.com/retire/retire.php, Thatree Thitivongvaroon / Getty Images

 

 

By |2018-10-23T17:25:52+00:00October 23rd, 2018|Personal Finance, Retirement|

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