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The word “Thailand” means “land of the free” – the same term we ironically use to describe Los Estados Unidos. It’s a reference to the fact that Thailand is the only country in Southeast Asia that has never been colonized by a European power.
Living in Thailand can be nice if you don’t mind the slower pace and lack of overall drive, but I wouldn’t do anything more than LIVE there. That means placing little money in Thai banks and preferably having a global business rather than a local storefront.
Depending on where you’re coming from, Thailand can be quite cheap or not a bargain at all. For Americans outside of the pricey coastal areas, you’ll pay about what you would at home.
In this video, Andrew shares new residence permits in Thailand.
00:00 Start
00:15 Why People Are Moving to Thailand
1:14 Thai Elite Visa
4:10 Long-Term Resident Visa
8:00 Visa for Remote Workers
10:28 Investing in Thailand
11:34 Moving to Portugal
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Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
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I love your videos Andrew and I respect your in depth knowledge and heart felt advice. I’ve said this before, please research this yourself before making any decision on elite or indeed any other “visa”.. unless things have changed dramatically in the last couple of years a visa for Thailand gives you no right of residence, that’s provided initially by the entry stamp and then by the extension of stay.. there is no residence visa as such, that thing that you call a residence visa is an extension of stay issued by Thai immigration rather than a visa which is issued by a embassy or consulate. What do I know? I lived there for 16 years and wrote a book called Expat Thailand .. that’s out of date now but still on Amazon, don’t buy it it’s out of date. I would never talk anyone out of living In Thailand, but I’d seriously recommend never to buy any property unless you fully understand the implications, and myself I could never ever recommend elite, I’ve seen so many stung buy that in the past. In summary, you will never have any rights in Thailand. My Thai wife had more rights on her first day in the EU than I had after 16 years in Thailand.. Live there, enjoy yourself, pay little or no tax, but never get too comfortable and expect to need to put the occasional stack of notes into brown envelopes to get things done in government offices.
Girls and weed. Wtf else could you want
A Taco Bell in Thailand, a country known for GREAT food? Are you sure you're positioned for "7-8 figure entrepreneurs?" You think "7-8 figure entrepreneurs" care about Taco Bell?!? 🤮🤣
During the last 2,5 years, Thailand has shown it's true Covid-Fascist face: just a puppet of China. Perhaps still great for a visit to go scuba diving but as permanent residence? No thanks!
I fly out in Oct. Uk is a mess.
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it's retracing . BE wise..
Love your videos. Do any of these countries have crypto options. I no longer work and only have crypto investments.
Where can i apply? Any link?
To much no talk Andrew
Keep to the numbers
Malaysia just announced Premium Visa Program (PVIP) today
90 days on a tourist visa now 45 days with a 45 extension for $50
Like Singapore, like Austria, like several countries, Thailand will not allow dual citizenship.
For the over 50s the best option is the retirement visa. Cost 1,900 BHT (50 USD) renewable annually. For that you must maintain a minimum bank balance of 800,000 BHT (22,000 USD) but it’s not a donation it’s your money in a normal bank account and may be withdrawn at any time without restriction. Overseas income is taxable only if brought into the country in the same year it was earned (so generally not taxable). For those who don’t want to navigate the sometimes frustrating and sometimes changing documents process there are many good agents who will do that for you for a small fee (some fake agents too so be beware). As well as annual visa renewal you need to report to immigration every 90 days. Your agent can do this for you. The 90 day report is a ‘nothing burger’ easy thing, show passport and fill out one form. The climate, tropical, so no energy crisis here. Good luck Nomads.
Very interesting. Thanks for the video, as always!
Unfortunately I don't qualify. I'm hoping the Bali 5-year digital nomad visa is better for my situation, as I am souring a little on Thailand. I never thought I'd say that.
I may still consider the Thai Elite visa, but I am starting to look more towards Colombia and Panama and places over here in the Western hemisphere.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
I can't tell you how exceptional your channel is. Gold Mine.
Yay Thailand, I’m Thai lol
You should do a video about Indonesia. There are lots of options there for long term stay permits and visas.
Thank you for what you and your team do. So much information and for me further areas to research. What is your opinion of India, Bangladesh, Pakistan etc region of the world?
Also you should know any money in a Thai bank is only insured up to $30,000
Thailand is trying to stay competitive!
100% on my list of places to be! I love the fact that they have a 10 year retirement visa that I can take advantage of (being over 50). Totally down for that!
thank you 🍀
Move here then 😉
You mean "Bangkok now has a fake TacoBell". Does not even have a basic Bean Burrito. Standard Thai retirement visa is still a good option for long stays if you are over 50. Requires "Security deposit of THB 800,000 in a Thai bank account for 2 months prior to the visa application. Monthly Income of 65,000 THB regularly deposited in a Thai bank account." Bangkok is still a leader in affordable healthcare and dentistry (which I love), still can not own villa without forming a Thai company (which still sucks). No prefect place, but Thailand checks alot of boxes.😃
I also want to own property or have a long term lease ?
What visa for an expat that lives overseas that is frequently flying back and forth through Thailand. ?
It’s not an attractive country though is it ?
Thailand has lots of ways of separating you from your money ! 😱
Don't fight the Fed my good friends…. Don't fight the Fed.
Tampa, FL Housing Prices Crater 27% YOY As Mushroom Cloud Of Fear, Doubt And Falling Prices Balloons Over US Housing Market
Do you have a residence permit in Thailand?
I live in Thailand for 3 years now on tha Thai elite visa, it’s been amazing because I can leave and come back whenever with no hassle and I get elite care at the airport ETC and a driver, Thailand has been great for me
Andrew, I live permanently in Thailand on a dependent visa. Lovely weather, beautiful locations, yes. However, the "go where you're treated best" motto, is definitely not Thailand. Non Thais are treated as low class individuals, especially by the attitude of immigration and the huge police corruption.
One thing Andrew never talks about is a very popular way to gain citizenship or long term visa – marry someone from that country!!
Lol, you def won't feel like you are at home in Thailand if you are from the US – in a good way!! I love Thailand, I've been to every continent except Antarctica and many different countries. I have worn out multiple passports and Thailand is one of my favorite places. But the culture is radically different, even with a Taco Bell in Bangkok you won't feel like you're at home at all, especially outside of Bangkok.
Starting October 1, 2022 and ending March 31, 2023 (tentatively), visitors to Thailand from 50 countries can get 45 days without a visa and a 45 day extension for 1900 baht ($52). almost all of their plans are extremely ambitious.Their goal is to go from upper middle income to high income by 2035. They have come a long way in the past thirty years. However, when it comes to visas and their expectations, I think they're premature and seriously overshooting their mark.
Option 4 – Highly skilled worker is taxed at 17% irrespective of where the income is sourced to my understanding
I would never go back there, you’d be lucky to see me in Japan. It’s a dangerous mess.
I am moving there tomorrow to search for work – looking to secure remote work from a company outside Thailand to get the territorial tax benefits