Wow, I was in Cambodia in 1999 and I don't remember any building taller than 4 or 5 stories. A local wanted me to invest in a hotel with him but I was young and had no money. Would have been cool to see that country transform over the past 20 years. Interested to see what the next 20 years brings. Awesome people. Looks like I have to go back and maybe stay a while.
The 'E' visa for Cambodia is officially known as an "Ordinary" visa. $35 at all border crossings & airports on arrival. Cambodia wins for me due to the significantly higher interest rates & no exchange risk if you hold US$. What wasn't mentioned: The tax rate for a non-resident is 14% on interest but only 6% for residents. My banks only checked in the first year after I had moved here, if I had been staying for at least 183 days and then you qualify. Now, I come & go as I please. There are way more differences between the two countries than development ( i.e. how many malls are there?). I for one, prefer the people in Cambodia plenty more. I have bought & sold land here since 2014, there's ways around the laws, obviously. I will continue to pay my annual visa fee and enjoy what I have. The CM2H is aimed at multi-million $ business people, not at retirees.
Thanks for this insider info. I'm currently in Indonesia. Absolutely love this country (IMO the best in SEA), but it's exceedingly difficult to stay and do business here, even with local help. Cambodia has always been one of my favorite SEA countries, and it seems a lot more open for foreigners. Appreciate the info!
Always love my birth country Cambodia 🇰🇭 even I left Cambodia after the war in 1979 to Thailand and in 1983 i immigrated to Montreal Quebec Canada 🇨🇦 now i live in Toronto Canada but I still love Cambodia thanks for your video take care bye from milton Ontario Canada 🇨🇦
The thing is that the cost vs benefit calculation is way off compared to other languages, like Spanish. Few people will converse with you in Thai/Khmer. Many topics are taboo - especially in Thailand. You will use it wrong & make mistakes (in case of Thailand, potentially serious faux-pas). Finally, when you're older it's plenty harder to learn a new language. Basic Thai isn't hard to learn but to reach intermediary & up with reading & writing is a mouthful.
@@robinsattahip2376 Khmer is very complex for learning. 74 alphabet characters for starters. It is world's longest alphabet. Even locals are struggling with it. And here lots of people speak English, almost everyone in the cities.
You can get legal "retirement" residence in Thailand with only an 800,000 Baht Thai bank deposit which at the current exchange rate is only about $22,000. The money is yours, it's in a Thai bank in your name and you can withdraw it when you leave (though they pay zero interest to foreigners). You just have to prove you have it. You must be 50 years old and there is a health insurance requirement. There is absolutely no reason to buy one of the more expensive visas they now offer. Thailand has an agreement with the USA that if you've paid American taxes (declared it on your return) the money you bring into Thailand is not taxed. I live through ATM withdrawals from my American bank and keep an extra $20,000 on top of the requirement in a Thai bank for a medical emergency You're not allowed to work or visibly run a business with a retirement visa, but you can work quietly online. Cambodia is a little primitive. Thailand is developed enough that you have decent law enforcement protection and they will immediately send an ambulance in an emergency. They also have a good public hospital system, and while they charge foreigners they're great in an emergency. One of the bad parts here is double pricing, cheaper prices for Thais, especially in the for-profit private hospitals. Southeast Asian languages are nearly impossible to learn, unless you are good at language don't plan on becoming bilingual. Be aware of the big difference between a professional well-trained paramedic as in most of the US and an ambulance driver such as they have here. To put it bluntly, if you have a heart attack in the US you are much more likely to survive with a trained paramedic response than you are here being thrown in the back of a pickup truck with "Ambulance" written on it a driven to the nearest hospital. There is therefore some risk living here. All Thai doctors and dentists I've used have been competent and all educated people here speak at least minimal English. Stay away from Pattaya unless you're a sex addict, it really is a horrible place. Based on 17 years in Thailand.
Hi there Robin Sattahip. I am from the U.S. and I love Thailand. Exactly how do you get the required amount of $22,000 or so from your bank account in the U.S. to a Thai bank?
@@bettyjunemann3660 Bangkok Bank, Krung Thai Bank and Kasikorn Thai banks all have a single branch in the USA, or you can bring the money here and open an account. You'll need to visit the Thai Embassy in your country to get the initial visa then visit Immigration here to extend it to a 1 year retirement extension. You keep the same visa and extend it annually. The embassy can probably tell you the best way. Transferring money internationally now is a nightmare because of the money laundering and anti terrorism laws. I had to get my brother to do the transfer for me because I could not arrange it from here. Get the initial this O or O-A visa in your home country before coming to Thailand. Each year you'll need to get a letter from the local bank branch here verifying the money is still on deposit, that part is easy. Good luck to you.
But on the new 10-year Thai visa you can work, regardless of age. Especially with education and minimum salary requirements. If you want to retire, you can retire. Not the same objective. Marry your Thai lady and go down to 400000 THB in the bank. Ko chai mai krub? 😂
Thanks for this info. I'm currently in Indonesia and it's without doubt my favorite country in SEA, but it's very difficult to stay and do business here without being married to a local (very strange rule!). Anyway, Cambodia is also a beautiful country with great people so i will check out moving there. Their policy seems more open. Thanks!
There appears to be many unknowns at present, ownership of land has technically been available on the Amnity agreement with USA, however, not one single Rai of land has actually been purchased!!! Just a heads up warning
highly unlikely. they follow china's lead, and see the problems in places like thailand. that's a good thing. otherwise poor pensioners, sexpats, and other corrosive detritus would flood the country.
Cambodia is just becoming a kinder and kinder country for foreigners to come to work and retire! Thailand makes it easy and FREE for 30 day tourists, but Cambodia makes it the best for calling Cambodia home!
Okay, getting serious. Just came back from Thailand and loved it there (yeah less the oppressive humidity). Now I need to understand more than ever how to make my money go further in Thailand. How to invest into and support self and county and not be a 7 figure entrepreneur. Been watching Nomad Capitalist for a couple of years now, seems like I just fall short of good opportunities. Is there ANY reference in how to invest in Thailand and not have 7 figures to work with?
Understandably, you're fresh out of being a tourist in Southeast Asia and see the clear opportunities here. However, it's best to explore the region a bit more. As enthralling as Thailand as, it does get even better. You'll find superior opportunities in places like Vietnam, Cambodia, the Philippines, and Indonesia.
Bust your arse off back home, work for a decade live as cheaply as possible and save as much as possible and play the stock market. You need big money for all of these visas.
Cambodia 🇰🇭 is best especially seeing that their labor force is extremely efficient and cheaper than Thailand..so if you are manufacturing anything from books to micro chips they are disciplined & better work environment which is why workers are leaving Thailand to work there.
Better to just compare thailand vs cambodia for higher quality of living. Easy answer if you spend a few hours in each country. Spoiler it's thailand, no question. Unless your primary love is drugs. With thailand making weed legal, there is no reason to visit cambodia other than to stock up once a year on kampot pepper.
Thailand should let foriegners buy land as long as you use it as your main residence and live there > 6 months in a year. I understand Thailand doesn't want an influx of foriegn speculative buying creating a housing bubble and raising prices for locals, but the current law is too prohibitive. Especially in rural areas, this could provide much wanted FDI in the otherwise undeveloped regions if the country allows foriegners to buy, settle and work towards citizenship.
I came to Cambodia same time as you first did Andrew; you did a nice job of explaining the options available without saying too much- over promising. If you want to live predominantly in Cambodia and choose to invest or work here, there are many "local" options. The "passport" thing is tough, but my hope is Cambodia will officially offer citizenship for a reasonable "stand alone" fee after 5 yrs residency....It would be a nice incentive (by the Cambodian govt.) for those ex-pats trying to choose between Thai and Khmer cultures. We will see what happens. A dynamite three passport combination, USA., St Lucia, Cambodia may offer great overall protection in the coming storm. If things break the way my friends think they might...you can always drop the USA. 😃😃😃😃 Great job on the vids ...appreciate your communication skills so much.
Cambodia sounds interesting, until Thailand completely does away with 90-day reporting I wouldn't plan on investing much into that country.
2 года назад
90 days report take me like 1 minute to do on elite visa onlin. You just log in the app and its already everything there you only need to confirm. Only the first time took like 5minutes
Cambodia for price goes without say. Thailand costs the same as Europe unless your outside a tourist area. On top of that the national parks charge 10 times more than a Thai person. If you got the motivation go to Cambodia as soon after landing in Bangkok as possible.
Went through hell renewing my non oa visa..thais are not consistent. My Cambodian wife looking forward to living on our 21 rai and building businesses and house later in Cambodia.
I was surprised that Chinese who have come in with their purchasing power, has made prices in Cambodia higher. That I consider as no benefit for retirees.
thailand has allowed usa citizens to own land for a while now. it's the only nationality permitted (aside from Thai of course). amusing to hear someone say they're "non judgmental". right. the indian/arab's treated the same as the italian/brit.
Re-subscribed to this channel as now seriously thinking about getting out of Western Europe. Everyone can see there is a big storm coming and it doesn’t look like there will be anywhere to hide.
Nomad Capitalist: If one can prove their French Nobility history going back 100's of years, is it possible to obtain a French passport (Currently a US Citizen Only), and is it worth the time and money to get one?????
Bussiness visa on arrival straight forward no questions $35 for 30 days. Very easy to extend that visa for 12 months for a cost of about $300 at many travel agents.
I have lived in both Thailand and Cambodia. I agree it is not for US IMHO. Mexico is the up and coming country. Cambodia and Thailand are facing some difficult times ahead. Mexico showing 45K or 170K for permanent residency is much better. It is an up and coming developing nation and will be number one for years to come. I would hate to know I had to invest large sums of money to secure a visa..
ahaha what? Malaysia just arrested two Thai citizens at the border simply for having THC in their blood 🩸… because they smoked marijuana in Thailand where it’s now legal to do so. No thanks to draconian laws and Muslim influence.