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Thailand

www.liveandinvestoverseas.com

© 2011 Live and Invest Overseas, Inc. www.liveandinvestoverseas.com

© 2011 Live and Invest Overseas, Inc.

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




Chiang Rai




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



What about...



Cost of Living Chiang Rai



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



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




Chiang Mai




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



What about...



Cost of Living Chiang Mai




HOA Fees N/A 0


Transportation Bus, tuk-tuks, taxis 100




Internet Unlimited access 20

Cable TV 69 channels, includes English language stations 17



Entertainment Frequent meals out, miscellaneous expenses 150

TOTAL (At 30 THB to 1 USD) US$1,058



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




Hua Hin




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”



What about...



Cost of Living Hua Hin




HOA Fees N/A (Included in rent) 0


Transportation Tuk-tuks, sorng-taa-ou (bus equivalent), taxis 40




Internet Free Hua Hin Citywide – Avg. $20 with paid ISP 0

Cable TV 69 channels, including English language stations 17



Entertainment Frequent meals out, misc. expenses, 300

TOTAL (At 30 THB to 1 USD) US$1,207



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




Thailand Pros



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



Thailand Pros




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




Thailand Cons




Residency



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...



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




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...




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




Accessibility




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...




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




Recreation




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...




Is Thailand

for you?




presentación de powerpoint · property costs rent a condo for us$300 to us$500 rent a house for...

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