Plan B Countries - Any Advice or Ideas ?

[Scouse123]

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?

[hotandsticky]

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................................

[GypsyT]

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...

 

[GypsyT]

Mexico baby #2.

Very good story about Cabo San Lucas;

 

https://www.yahoo.com/finance/news/did-you-say-youd-leave-the-country-if-trump-were-elected-pro-tip-its-not-easy-090022948.html

[Scouse123]

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Furthermore, I have withdrawn from ATM's but not those connected to my Thai bank.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 Wednesday at 09:15 AM by Scouse123

[Scouse123]

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.

[GypsyT]

26 minutes ago, Scouse123 said:

Sihanoukville

Yes. But help is on the way (?). Hopefully.

 

https://cambodianess.com/article/end-in-sight-for-sihanoukville-unfinished-buildings

 

NEW Pattaya is coming in 5 years (unfortunately I may be dead by then):

https://cambodianess.com/article/coastal-provinces-set-to-become-economic-poles

 

 

 

Edited Wednesday at 09:43 AM by GypsyT

[ukrules]

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.

[Patong2021]

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.

[Scouse123]

2 hours ago, ukrules said:

 

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.

 

Yes, I have a Cambodian visa myself, I got mine in Phnom Penn on the front riverside, and I also did the express method, as I go there on personal business stuff for myself.

 

But It looks like you are planning to stay there for reasons best known to yourself. I am not sure how that would go down with your Mrs, as Thais tend to miss home.

 

I actually prefer Siem Reap to Phnom Penn, but it's got to be PP if you want to get things done. Siem Reap has quite a long list of characters living there and a vibrant expat community.

 

It's not for me, nothing wrong with it, but I like to be on my own.

 

However, my previous post was about with associated costs of staying outside Thailand, like you mention, this would be far in excess of any tax I had due for staying in Thailand.

 

It definitely wouldn't work for my circumstances.

 

For a start, I have no rent, all the items you mention I already have.

 

I am probably older and in a different situation to you, as I am 62 years old.

 

 

 

 

Edited 3 hours ago by Scouse123

[Scouse123]

2 hours ago, Patong2021 said:

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.

 

I agree with you completely,

 

But I think two expensive alternatives.

[ukrules]

On 11/27/2024 at 5:36 AM, Scouse123 said:

Simple,

 

You don't transfer any monies to Thailand over and above your tax allowances and permitted deductibles.

 

Being non resident in Thailand means you can send as much as you want so long as it was profit from a year when you were non resident.

 

[Scouse123]

14 minutes ago, ukrules said:

 

Being non resident in Thailand means you can send as much as you want so long as it was profit from a year when you were non resident.

 

 

OK, understand from that point of view now.

 

However, it won't matter to me myself, as I won't be bringing any more large lumps of money as I did in the past.

 

As I have said in previous posts, I probably won't buy any more cars or big ticket items either whilst this rule remains.