What do I need to know before retiring in Thailand?
When we asked people what advice they would give someone preparing to move to Thailand, they said...
"Find a good place to live - you'll need it in this city. Do not plan too much in the beginning. Take things easy, read a lot about Thai culture and the city," wrote a member who made the move to Bangkok, Thailand.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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"It is important for expats to understand and abide by Thai laws and customs to avoid any trouble. Expats should also be prepared for a different climate than their home countries and ensure they have all necessary medical supplies. Expats should research the cost of living and research the various towns and cities to ensure they choose the best place when settling. It is also important to open a bank account for transfer of funds and for expats to understand the taxation laws in Thailand. Additionally, expats should note that English is not widely spoken outside of large cities; knowing the local language can be beneficial. It is important to research Thai visas and health care options to ensure a smooth transition. Finally, expats should consider creating a budget and seeking professional advice so they can manage finances effectively in retirement," explained one expat living in Thailand.
Other Questions:
- What should I pack when moving to Thailand?
- Where should I setup a bank account in Thailand?
- Will I be able to find a job in Thailand?
- What is life like in Thailand?
- What do expats in Thailand appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Thailand?
- Is there a lot of diversity? Are people in Thailand accepting of differences?
- What are the schools in Thailand like?
- What are healthcare services like in Thailand?
- What are medical services in Thailand like?
- Are healthcare and health insurance expensive in Thailand?
- What are emergency services like in Thailand?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Thailand?
- How are local medical facilities in Thailand?
- As a foreigner living in Thailand, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
What do I need to know before retiring in Thailand?
If you live in Thailand, newcomers to Thailand would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.