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Plan B Countries - Any Advice or Ideas ?


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Posted
5 hours ago, henryford1958 said:

 

That could be chaotic if they add 35% to all condo prices ! Is that how it works, It you bring in 10 million to buy a condo you pay 3.5 million in tax,

 

Well, that's how it seems to read at the moment.

 

And who is going to do that if they are of sound mind?

Posted
4 hours ago, GypsyT said:

Is there any Jomtien type beach cities in Cambodia? Clean and safe?

I read Kep is popular for weekend but how about for 3-4 months?

 

 

Sihanoukville is the the only place that comes close......but I hear the Chinese have forked that up.

 

Still if you are OK with hoardes of Russians................................

Posted
15 minutes ago, hotandsticky said:

Still if you are OK with hoardes of Russians

No problem at all. I take 100 Russians to 1 Indian...

 

  • Like 1
Posted (edited)

This year I was finishing building a house in the UK, this was all self funded, so I slowed down my transactions to Thailand and used funds already here to live on, that I hadn't before. This reduced my cash surplus in Thailand, as UK funds were needed for the house project.

 

I always liked a healthy balance in Thailand in my account, even though it served no benefit to me.

 

I am not saying I am going to jump on the bandwagon and go asking for a TIN number, but I have just done some quick calculations, I probably still have missed something out, but here goes:

 

I worked out I have transferred 428,000 baht only bank to bank.

 

Furthermore, I have withdrawn from ATM's but not those connected to my Thai bank.

 

This money is savings, I get no state pension (too young) or private pension.

 

Well, I am in a Long Term Relationship for 28 years, but we never married, and I pay her a salary every month but probably cannot claim for that either.

 

If I take single man's allowance of 60,000 baht, plus the 150,000 baht allowed tax-free, then add back the allowed 25,000 baht for my health insurance, that comes to 235,000 baht.

 

So worse case scenario, tax on 192,000, well, 5% of the 150-300K equates to 7,500 baht plus 10% of 42,000 equates at 4,200 baht.

 

So, the total bill would be 11,700 baht tax due. It's not worth getting in a sweat about.

 

I still think with monies transferred being savings, I have no tax due to pay, but I think this is the most I would pay if absolutely necessary.

 

I think I don't need a plan B with my houses and cars here all paid for, I will just minimize transfers here bank to bank.

 

How much would it cost me hanging around outside Thailand, in Cambodia or Vietnam, with rents, utilities, food, and spending money for 6 months of the year!

 

 

 

 

Edited by Scouse123
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Posted
3 hours ago, hotandsticky said:

 

 

Sihanoukville is the the only place that comes close......but I hear the Chinese have forked that up.

 

Still if you are OK with hoardes of Russians................................

 

 

Sihanoukville is ruined.

Posted
On 11/27/2024 at 4:12 PM, Scouse123 said:

How much would it cost me hanging around outside Thailand, in Cambodia or Vietnam, with rents, utilities, food, and spending money for 6 months of the year!

 

I'm in Cambodia, got a 1 year multi entry business visa through an agent in Phnom Penh named 'call kim' - highly regarded - there's some other agents who are also highly regarded and likely many who are not.

 

1 year visa with express fee $500 in 1 day, you can get it cheaper but I just wanted it quick and it's 100% legit, I've left and returned to Cambodia a few times this year - when you come into the country there is no exit date, no 90 day bs and if you extend the visa you don't need to leave I believe....

I'm paying $700 a month rent - will keep the place for a full tear, so in US Dollars it's less than $10k for a full year before any incidentals like food and electricity, etc, and that's for me and the Mrs who I also purchased a 1 year business visa for - she's Thai and had no problem getting the same visa as me with the same agent.

Oh, i you want to live comfortably in any apartment you're going to need to buy a load of stuff like decent fridge, freezer, big TV, some furnishings, etc so I probably spent like another $5k on all that stuff as well - including a full office setup and powerful new computer which cost nearly $2k alone. But each to their own I guess.

 

I'm going to continue doing this for a few years, maybe 4 or 5 years and I will be checking out Siem Reap next year, who knows, maybe I'll move there.

Posted

Singapore is my go to alternative. Although it is expensive, everything in Singapore works, and best of all I can drink the tap water. My clothes will never smell like wet dog, and the likelihood of food poisoning is low. No cop shakedowns and people speak  English. medical care is top quality and there are building safety codes. I will be hiding out  in Singapore (or Japan) for Songkran 2025.

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