If you and your partner are on the verge of retirement, the chances are that you are looking at potential locations with an aim to enjoy your golden years in a tropical paradise. We would be surprised if Thailand isn’t on your shortlist and with that in mind, here are a few great reasons to retire in the Royal Kingdom of Thailand.
- Thailand ticks all the boxes – The climate is warm, the cost of living is low, fantastic infrastructure and a stable government, which makes for a very attractive proposition. As far as finding a home goes, talk to the leading Pattaya real estate agent and view stunning properties in a coastal setting.
- Stable economy – The Thai economy is doing well and everything is available, while a new democratic government has just been elected, which is good news for the Thai people; tourism was non-existent for a couple of years due to the pandemic and the numbers are high as we move into the last few months of 2023. Thailand understands the importance of foreign retirees living in the kingdom and you can apply for a retirement visa, which can be renewed annually.
- Tropical climate – If you have spent your entire life living in a cold Northern European country, why not retire in a beautiful tropical climate? The winters in Thailand are extremely mild, with minimum temperatures of 16C, so if you suffer with your joints in cold weather, Thailand is the perfect retirement destination. The winter coincides with the high season (November to February), while summer begins in March right through to the end of June when the monsoon begins. Click here for a list of well-known Bangkok attractions.
- Long term visas – If you are aged 50 or over, you can apply for a retirement visa, which can be extended on an annual basis. The current financial requirements are that you have either a) the sum of 800,00 Thai baht in a Thai bank account or evidence of at least 65,000-baht monthly income. There are visa agencies that assist retirees through the red tape that comes with immigrating to any country.
- Affordable cost of living – Even retirees have to watch the pennies and you can enjoy a great lifestyle on $2,000 per month, which is definitely not possible in a developed country. You can connect your Thai bank account to your pension account and withdraw money using your Thai ATM card. Living at home on your pension would mean having to watch your spending, whereas living in Thailand allows you to be a bit extravagant.
We recommend visiting Thailand for a short holiday to familiarise yourself and check out various locations that you might choose to live. Some prefer the cooler northern part of the country or the tropical beaches in the south and either way, Thailand has much to offer the retiree.
