You are very correct, FX has been immense for me, Made my first big money through it earlier this year as a newbie after I met a expert from a reputable company... Retiring by next year with absolutely no fears!!
Don't invest in Thai property, you will never sell it and will lose a significant amount of your investment. After 22 years here I speak with experience and knowledge.
Make no mistake about it - Thailand is a casino for western men. The better idea is to BUY BITCOIN. Rent in Thailand. Do not invest money in Thailand as you will lose!
@@vegetaryen In that case, guberment fiat will be worse than worthless. They will stop printing cash for the same reasons, and hyperinflate all the currencies so that cash is effectively worthless. Your bank account can be frozen at any time for any reason, cutting you off from food etc. They can't do that to bitcoin.
@@aquilomanganelli175 ya this week was crazy. So u cashed out profits, now waiting to buy back in? Ic, just got my kraken funded, waiting now to buy in large. Advice appreciated
I was recently looking at property in Bangkok and this was the exact conclusion I came to that there was an oversupply. This is a big achievement for me because I know very little about real estate.
This is a very small discount (500.000 bath) to try to sell overpriced condos… and minimum 10M baths , it’s a scam !!! Now you can get MINIMUM 50% discount ON PROPERTIES in all Thailand 🤨😰🤣
.... read the fine prints !! and .... after they get your money , WHAT IF they change the " rules " ?? check how many " condos " lays idle , owners can't get back , can't rent out , can't sell -- NO buyers ..... this only benefit certain builders with close connection to " power & financial sources " ......
I lived in Thailand for 10 years... My advice would be don't invest anything in Thailand that you might want to place outside Thailand because it's easy to bring money in but quite difficult to take it out.
@@JM-gu3tx 100%... A lot of times the farang can't speak any thai and the other person will say blah blah.. Thailand is no picnic... I really enjoyed it but you have to like dangerous roads, air pollution, saving face etc. It's culture shock. . Can't beat the GF's though... It's fun times.... I was based out of Chiang Mai.
In Thailand, if you are in a car wreck, the police there will always blame the foreigner("farang").. That is the way it is in Thailand in general and Pataya in particular...Abhorrent and despicable treatment.
I'm leaving here for few years, just had a meeting with a foreign real estate developer here recently who showed me his new building and explained to me a bit how things get done here, from the eys of a foreign developer. Let me tell you this guys, he was a professional, and my opinion is unless you are a professional already - don't try to start your developer career here in Thailand. *I'm writing this because I read few comments mentioning that Thais buy only new condos, so some folks start thinking of hiring construction employees to build for themselves. I really like living in Thailand, I like the people and I like the atmosphere, I feel like I'm being treated best as a person. My money from the other way - won't be treated here as good a it could, and therefore I don't park my money here, just few hundred thousand of bhats for convenience.
The consensus of those "in the know" here is to RENT and do visa run vacations, barring covid variants. I've felt renting is the way for decades too. However, prices will likely decline much further (end of 2021?) and it may be wise to sit on a pile of gold until then. If I see a condo we like, I'll probably grab one.
im from the philippines. can I ask are there any vacant lot in a exclusive subdivision/village in thailand? so instead of buying a condo I will hire construction workers to build a house.
@@micomarinas2753 that can work but either you need to have it in your Thai wife/G's name which has it own issues or some developers name/partnership to create a condo type ownership pass thru... That works but if the developer goes bust etc then it can get real sticky.. I have heard many stories of a property being encumbered and the farang has to pay pay pay to clear the lien etc.
Six, seven, eight & even some nine figure entrepreneurs. This is what that looks like: $100,000,000.00.........I just used a 1 for convenience. You insert your figure. The point is a lot of people in the future are not getting into Thailand & many other countries, unless they have significant wealth. Start here:
I like the idea of being able to come and go from Thailand without any hassles, but the idea of buying a condo there isn't too appealing. Good to know what options are out there though.
They also now have some ismart visa, I think it's called that, it basically goes like this, you sign a 6 month or longer contract in the country you work in for a contract, for example if you are a professional IT guy you sign a 6 month contract, you take that to the Thai consult and also back it up with your working experience/certifications etc. They then give you a 5 year working visa, like a digital nomad visa. You can then work legally in Thailand and you can then also work in your profession for local Thai companies or take on work from them. Well something like that.
By the way. I seen your dad in a couple videos through the Christmas season. Loved him to pieces. Let him know and tell him I want to see more of him in the future. An interview with the two he would be a great start for example. I’m sure he is your biggest advocate.
Thank you Andrew. Very informative. In general, I prefer KL to Bangkok. Traffic is murder in Bangkok. It only took me an hour to get from the airport to the Peninsula Hotel (amazing). However I met some people that trip took them 4 hours since they hit it during rush hour(s).
$300,000 is a lot of condo in Thailand. That would get you a very large 2-3 bedroom, luxurious penthouse in a prime neighborhood of Bangkok. One could get that and get the visa, rent out the condo for 60k baht per month and then rent a normal Thai studio for 8k baht per month and have the rest of that money to live on. If someone can afford that condo it is something to consider, you'd have the asset, visa and potentially monthly living expenses taken care of by renting out the condo while the price of the condo would go up long term (hopefully).
Cannabis is legal there now. Since Oregon and other states cannabis market are captured by oligarchs and hyper-regulation, Im heavily contemplating Thailand. Im nearing 40 and America is obviously a relic of the past.
It has nothing to do with the video but I appreciate that you're not failing to provide information during this Christmas season. Doing better than some people who actually live from UA-cam
A video about free zones might be interesting. Like areas in UAE with their FTZs that have tax favorable conditions. Maybe not places like Manaus, Tangier or Klaipeda which are more focused on import/export of goods. While they might have to do with tax I don't think its something your audience is interested in. Might be interesting for people operationally who are in those industries and want to set up a better pipeline.
Hi, can anyone explain how things work in Thailand regarding capital gains/dividends on foreign stock investments? As a stock investor, can you reside in Thailand (with an elite visa) and invest in international stocks, without being liable to pay taxes to Thailand?
Sorry but foreigners can not "buy" land in Thailand themselves. A foreigner can not own more than a 49% share of a Thai land. The exception is to be married to a Thai citizen who can own the land. Buyer be ware: there are lots of cons and scams when it comes to land here including forged documents, fake land agents and fake "attorneys".
Be nice if you could take the time to make some videos for us poor folk that only make five and six digit income figures per year. You would probably get a lot more subscribers if you did.
Avoid buying there, pay the 25k 5yr Elite Visa for a couple yourself, the visa essentially pays for itself over 3 - 5 years, given the low rents there.
I have watched several of your videos. I have thought about expatriating. However, I have several concerns about doing it. Can I still do lawsuits in the USA, even though I would no longer be a citizen? Also, my wife is completely against the idea of expatriating or living in another country. Do you have any videos or any information to help me.
There's a big misunderstanding about Thai women in the west. It would be hard to impart the conservative, polite nature of the majority of Thai women to your wife. As for practicing law, we used a US attorney and a Thai attorney for our marriage, visa, and prenup. There's a practicing US attorney on YouRube who would likely advise you reasonably. OR: Maybe not...?
thailand is way too hot to live in unless you want to stay inside most of your life. I was there for a few months last winter and it was ridiculous! Couldn’t even go for a walk unless it was before 8 am, the rest of the day was spent in the house. Just as well sitting in the UK house hiding from the cold rather than sitting in a Thai house hiding from the heat. I bought a house there (through my Thai wife) and it depreciated like a rock, managed to sell it to a relative for about £10k less and I was relieved. Definitely rent for the first year if you are going as properties are abundant and cheap through Airbnb. If you haven’t been and are not going for the ladies, I recommend Koh Chang! I have been going to Thailand for 20 years and always found it to be a bit of a dump (particularly Bangkok) but was blown away with this little Island.
@@epicurean1868 I spent last January/February in Hua Hin and I honestly think that is a dump too but that is just my personal view. The beaches are filthy as is the water with nobody bathing except at the far end. The dead fish washed up each morning is not something that invites you in. The military beach a mile or so further south is nicer but I think it is because the military clean the beach from all the dead stuff prior to folks arriving. Only the farangs (foreigners) go to the beach whilst the Thais shelter under the trees. Avoid the monkey temple like the plague as it is neglected and the monkey are a dangerous breed. Apologies if you live in Hua Hin!
@@MEDITATION990 Thank you for your information. So it doesn't seem to be a dream destination. I plan my retirement. Philippines could be an option too. What is really nice are the French islands Guadeloupe and Martinique in the Caribbean. Little bit expensive but beautiful. I will see. Thank you and good luck to you 👍🍀😊
@@epicurean1868 My wife and I have been trying to find our dream place for about 20 years but have given up. We will continue to travel and enjoy everywhere rather than putting down roots. I wasn’t keen on the Caribbean either lol - not an easy person to please 😬 We spent 6 years in Florida (even got our green cards) but we got bored there too. Again, too hot most of the year and very flat with very little history or places of interest compared to our home city of Edinburgh. However Edinburgh is too cold for us hence the travels. I hope you find your perfect place
@@MEDITATION990 Thank you. I plan to spend the winter outside of Europe. In the summer I would come back. Europe has so many places to see. Good luck to you and greetings from cold and grey Germany 🍀😊
I live in Bangkok. Personally, I see elite visa as something for suckers or well those who don't really care about optimising for their stay here. Still, RE is a decent option if you plan to actually live in the condo that you buy. I just don't see any reason to stay in thailand long-term.
There are other ways to get property in Thailand. Also if you are married to a Thai National then you can start a business with your partner and get property foe the business. The caviat with that is that you can only get 49 percent of ownership in any business that you start.
Hi guys, I'm belgian citizen and a German company recently offered me an interesting job opportunity as an employee. They offered me a 80k + full remote. If I move to Thailand and establish my fiscal residency and pay my taxe in Thailand as an employee of a German company ? Thank you,
Countries popular for 2nd residencies (Panama and Malaysia come to mind) have had much, much more restrictive lockdowns than the US. I spent the last 2 years in South Korea who IMO has had the strictest 2 week quarantine in the world coming in. For all that is wrong with the US, they aren't restricting their citizens nearly as much as other countries.
@@thetrevster6983 well I do not disagree with you that there's a power play going on. But every pandemic and every bad thing that happens was not started for the people that's trying to power grab. I think they're opportunists for sure. I know people personally who died by this flu so I don't think it's fake. Plus things like this happen every hundred years
Panama are doing a gender based lockdown at the time i post this, if you are male you are allowed to shop on certain days, and if you are female you can go out on others. I was thinking of going there to escapenthe covid winter of europe but hearing that, no thanks
Hello, does it apply for buying condos? what about buying villa in koh saumi for 10m baht ? is it good investment and will i get this type of visa? i want to settle up in some of those countries with my girflriend, we are 30 years old and looking for settle somewhere. Thanks for any opinion
Thailand is a great country. And the locals, on the whole, are great people. However, it may be a better option 5-15 years from now but rn I'm not so sure. It's also worth mentioning, when and if you sell, that if you make the money IN Thailand and have it transferred to your Thai account you may have trouble withdrawing that money OUT of the country. I've heard this issue with people who own businesses and hold jobs there. Would this hold up with real estate deals? Then there's the whole 'go where you're treated best' - if we were to compare this to Malaysia, KL where I am right now - there's no comparison in my humble opinion. Malaysia wins hands down.
Unless your getting a great buy forget it, process too high easy to buy good luck if you need to sell, tourism, businessall the clubs bars shut down, no nightlife this is a suckers market, the visa for a condo in my view you could not sell, if so you would have too at a huge loss,look elsewhere the old Thailand is over, just look at all the tourist zones there shut down, you know it's bad when mcdonald's and7/11 are closed all over buyer beware.
We don't drink and some groups of tourists in the past 15 years are gone for the better, from my experiences. So the bars being shut is sad for local businesses and families, but not a deterrent for us. We'll rent, unless condo prices drop steeply from where they are now.
The problem with Thailand is that you can only buy land for 99 years. ie. never own it fully and hand it down to your family. They need to fix that. Other than that, Thailand is great.
@@normalpsychology If you're not planning to hand down land there's no reason to buy it. The stockmarket will give you better returns and more options in terms of flexibility and liquidation. Additionally because every nation requires foreign investment for growth, your much less likely to be targeted with punitive taxes.
@@normalpsychology all investment is gambling. doesn't matter which market you invest in housing, stocks, bonds, derivatives, Your putting money in now expecting greater returns in the future. Generally the greater returns you target the greater the risk that your bet doesn't pay off.
Andrew if someone is interested to move there permanently and possibly own a home you can decide to naturalize in Thailand eventually. There’s that probability too.
Thailand is on my retirement list. Certainly better than retirement in the US. So which is better, the 10 year retirement visa or the Elite visa? I am 54.
I have considered it, but Andrew has talked me out of it and my friend there wants to do another asian country, I rather do Georgia. Nice new title video Team Nomad!
Hello. The following question its not about the topic of the video (but I can't find the solution). I'm not US citizen. If i'm a founder of a crypto project, and I receive some utility token. If I want to convert some of them into fiat (bank account, preferent in the US). Can I do that? What about compliance and AML? Are there any problem with the ammount of money? Thanks
Awesome video! A bit off topic, but Bitcoin, silver miners, and uranium are incredible contrarian investments right now that can produce highly lucrative returns. Total return was 101.34% in 2020 and have increased my net worth by about 300%. Should be an exciting year in 2021.
@@mattoska when it goes parabolic, you will be correct. People buying right now and in the past couple years are ahead of the herd and are smart money. And Bitcoin is a pump and dump cycle no doubt that’s why I’m selling a good chunk of my position at 70k-120k and beyond
This makes sense, good thing is people are getting to know about more ways to stay ahead in a competitive market!!!!!!
You are very correct, FX has been immense for me, Made my first big money through it earlier this year as a newbie after I met a expert from a reputable company... Retiring by next year with absolutely no fears!!
@@featheringtonlewis2867 That's really huge, who did you work with?
@@lucaswalter4093 Keelin Nelson Newell quite popular to be honest, you can search her up on the internet
@@featheringtonlewis2867 Wow I know this pretty little lady. Met her once at a seminar in Dallas. Great speaker, Incredible personality
@@mcjoerogers3150 dancers
I've lived in the big mango since 2005.Invest what you can lose
Don't invest in Thai property, you will never sell it and will lose a significant amount of your investment. After 22 years here I speak with experience and knowledge.
Seconded.
Any reasons?
Where and what type of property ? Condo in central Bangkok or villa in Phuket they are different
@@alexandertraveler510 thailand. overpriced.
@@BobbyDazzler888 if Thailand is overpriced, what about the US and Northern Europe?
I live in Thailand on the Elite visa. After 5 years of visa runs I had no choice. If you're 50+ you can apply for the retirement visa.
Make no mistake about it - Thailand is a casino for western men.
The better idea is to BUY BITCOIN. Rent in Thailand. Do not invest money in Thailand as you will lose!
It's at 34k, you dump it yet?
@@mattoska I'm not selling. I'm buying more
@@vegetaryen In that case, guberment fiat will be worse than worthless. They will stop printing cash for the same reasons, and hyperinflate all the currencies so that cash is effectively worthless. Your bank account can be frozen at any time for any reason, cutting you off from food etc. They can't do that to bitcoin.
@@mattoska LOL, I took profit @57K two days ago and I'm buying back slowly in the mid 40's. Mine is to hold through at least another halfing cycle.
@@aquilomanganelli175 ya this week was crazy. So u cashed out profits, now waiting to buy back in?
Ic, just got my kraken funded, waiting now to buy in large. Advice appreciated
do your homework before to move there, you will be chased away all day long....
how so? in America if you're not white you get shot. statement
I was recently looking at property in Bangkok and this was the exact conclusion I came to that there was an oversupply. This is a big achievement for me because I know very little about real estate.
100 000 too many in BKK.
think the price goes down a lot now compared with the price last year
Yes. Terrible market to be in.
This is a very small discount (500.000 bath) to try to sell overpriced condos… and minimum 10M baths , it’s a scam !!!
Now you can get MINIMUM 50% discount ON PROPERTIES in all Thailand 🤨😰🤣
Prices will tank much further, I figure late 2021.
.... read the fine prints !! and .... after they get your money , WHAT IF they change the " rules " ??
check how many " condos " lays idle , owners can't get back , can't rent out , can't sell -- NO buyers .....
this only benefit certain builders with close connection to " power & financial sources " ......
I lived in Thailand for 10 years... My advice would be don't invest anything in Thailand that you might want to place outside Thailand because it's easy to bring money in but quite difficult to take it out.
And you didn't notice that the police automatically blame the foreigners in car accident incidents?..........
@@JM-gu3tx 100%... A lot of times the farang can't speak any thai and the other person will say blah blah.. Thailand is no picnic... I really enjoyed it but you have to like dangerous roads, air pollution, saving face etc. It's culture shock. . Can't beat the GF's though... It's fun times.... I was based out of Chiang Mai.
@@AceMBP me too, 2 y in Chiang Mai. In bkk now. Would move back to CM if not for the burning season. Great place to live.
No passport of the country where I would like to purchase real estate, no investment!
It’s a shity passport
@Pui Yue 🇰🇭🇰🇭🇰🇭🇰🇭 look it up.
That leaves you with very few options 😄
@Pui Yue What is a gweilo?
People use that four letter words so loosely FREE it's not FREE LOL
In Thailand, if you are in a car wreck, the police there will always blame the foreigner("farang").. That is the way it is in Thailand in general and Pataya in particular...Abhorrent and despicable treatment.
Important point for Nomad Capitalists, the Elite visa does not allow the holder to do ANY kind of work in the country.
If you work online with out of country clients, they wouldn't know or care.
Pay 10million. Receive a gift of 500K for a condo that might only be worth 8million. Yes a very good deal.
Be careful what you are buying people.
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I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
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I'm leaving here for few years, just had a meeting with a foreign real estate developer here recently who showed me his new building and explained to me a bit how things get done here, from the eys of a foreign developer.
Let me tell you this guys, he was a professional, and my opinion is unless you are a professional already - don't try to start your developer career here in Thailand.
*I'm writing this because I read few comments mentioning that Thais buy only new condos, so some folks start thinking of hiring construction employees to build for themselves.
I really like living in Thailand, I like the people and I like the atmosphere, I feel like I'm being treated best as a person.
My money from the other way - won't be treated here as good a it could, and therefore I don't park my money here, just few hundred thousand of bhats for convenience.
The consensus of those "in the know" here is to RENT and do visa run vacations, barring covid variants. I've felt renting is the way for decades too.
However, prices will likely decline much further (end of 2021?) and it may be wise to sit on a pile of gold until then.
If I see a condo we like, I'll probably grab one.
GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
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They get you to invest and then change the rules and kick you out
..... agreed 100% .....
Trouble is, condos in Thailand depreciate so badly. The culture, with Thais, is only to buy new condos....
and they don't like to buy anything from a Farang unless its a steal
True. Because the labor is so cheap. It's easier (and cheaper) to build a new one. Nobody wants a used condo
@@patrickp992 because very low building standards, poor maintenance and vacancy. poor build quality
im from the philippines. can I ask are there any vacant lot in a exclusive subdivision/village in thailand? so instead of buying a condo I will hire construction workers to build a house.
@@micomarinas2753 that can work but either you need to have it in your Thai wife/G's name which has it own issues or some developers name/partnership to create a condo type ownership pass thru... That works but if the developer goes bust etc then it can get real sticky.. I have heard many stories of a property being encumbered and the farang has to pay pay pay to clear the lien etc.
Six, seven, eight & even some nine figure entrepreneurs. This is what that looks like:
$100,000,000.00.........I just used a 1 for convenience. You insert your figure. The point is a lot of people in the future are not getting into Thailand & many other countries, unless they have significant wealth. Start here:
Its a scheme to help developers sell some of the massive glut of unsold Condos, over 100000 units. Likely not a good investment.
Good point.
I like the idea of being able to come and go from Thailand without any hassles, but the idea of buying a condo there isn't too appealing. Good to know what options are out there though.
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GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
They also now have some ismart visa, I think it's called that, it basically goes like this, you sign a 6 month or longer contract in the country you work in for a contract, for example if you are a professional IT guy you sign a 6 month contract, you take that to the Thai consult and also back it up with your working experience/certifications etc. They then give you a 5 year working visa, like a digital nomad visa. You can then work legally in Thailand and you can then also work in your profession for local Thai companies or take on work from them. Well something like that.
GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.....
+ 1 8 5 9 3 2 0 0 3 3 0...
By the way. I seen your dad in a couple videos through the Christmas season. Loved him to pieces. Let him know and tell him I want to see more of him in the future. An interview with the two he would be a great start for example. I’m sure he is your biggest advocate.
Glad you reported on this! Love Thailand, and southeast asia in general.
I just don't get Thailand:)????
He is running out of subjects to talk about.
@@synewparadigm That is not what the guy above had meant...He meant that he does not understand why people would want to go to Thailand.
I pity the fool...
Thank you Andrew. Very informative. In general, I prefer KL to Bangkok. Traffic is murder in Bangkok. It only took me an hour to get from the airport to the Peninsula Hotel (amazing). However I met some people that trip took them 4 hours since they hit it during rush hour(s).
We agree.
Dude, airport link was built for a reason.
@@mattoska Agree if solo and traveling light, but with luggage and a small group/family - taxi is better.
@@billytheweasel I forgot ppl travel with luggage
Love the new 2021 intro, you guys continue to amaze me !
Awww, thanks Miguel.
$300,000 is a lot of condo in Thailand. That would get you a very large 2-3 bedroom, luxurious penthouse in a prime neighborhood of Bangkok. One could get that and get the visa, rent out the condo for 60k baht per month and then rent a normal Thai studio for 8k baht per month and have the rest of that money to live on. If someone can afford that condo it is something to consider, you'd have the asset, visa and potentially monthly living expenses taken care of by renting out the condo while the price of the condo would go up long term (hopefully).
Cheap Charlie at his best.
not. 300k penthouse? liar
Awesome video, I’m looking to make a move back to Thailand in the next year and this information was highly useful. Thank you kindly 🙏
Cannabis is legal there now. Since Oregon and other states cannabis market are captured by oligarchs and hyper-regulation, Im heavily contemplating Thailand. Im nearing 40 and America is obviously a relic of the past.
Dont invest in Thailand until the exchange rate returns to close to where it was 12 or 15 years ago
I enjoy the clear, concise and current information delivered in an approachable manner. Wonderful!
Street Meat!!
It has nothing to do with the video but I appreciate that you're not failing to provide information during this Christmas season. Doing better than some people who actually live from UA-cam
GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
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A video about free zones might be interesting. Like areas in UAE with their FTZs that have tax favorable conditions. Maybe not places like Manaus, Tangier or Klaipeda which are more focused on import/export of goods. While they might have to do with tax I don't think its something your audience is interested in. Might be interesting for people operationally who are in those industries and want to set up a better pipeline.
Hi, can anyone explain how things work in Thailand regarding capital gains/dividends on foreign stock investments? As a stock investor, can you reside in Thailand (with an elite visa) and invest in international stocks, without being liable to pay taxes to Thailand?
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I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
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I want to move from my country what is the best country and cheapest option to get a resident visa
Rent, don’t buy in Thailand. Check out new 10 year LTR visa being rolled out September’22.
Ive heard that Americans buy land/ property with a trust structure?
Mindvalley is also based out of Kuala Lumpur
Sorry but foreigners can not "buy" land in Thailand themselves. A foreigner can not own more than a 49% share of a Thai land. The exception is to be married to a Thai citizen who can own the land. Buyer be ware: there are lots of cons and scams when it comes to land here including forged documents, fake land agents and fake "attorneys".
Be nice if you could take the time to make some videos for us poor folk that only make five and six digit income figures per year. You would probably get a lot more subscribers if you did.
GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
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Regarding real estate transactions in Thailand, do they charge a foreign purchase/sale fee at closing like Malaysia does?
You need to go on J Bravo's channel! He wants to have ya on
Avoid buying there, pay the 25k 5yr Elite Visa for a couple yourself, the visa essentially pays for itself over 3 - 5 years, given the low rents there.
Amazing info thank you 🙏🏾
please make an audiobook of your book
Better to rent than buy in Thailand. And the 20 year visa for 1 million baht works out to be not expensive at all over the span of 20 years 👍
I have watched several of your videos. I have thought about expatriating. However, I have several concerns about doing it. Can I still do lawsuits in the USA, even though I would no longer be a citizen? Also, my wife is completely against the idea of expatriating or living in another country. Do you have any videos or any information to help me.
There's a big misunderstanding about Thai women in the west. It would be hard to impart the conservative, polite nature of the majority of Thai women to your wife. As for practicing law, we used a US attorney and a Thai attorney for our marriage, visa, and prenup. There's a practicing US attorney on YouRube who would likely advise you reasonably. OR: Maybe not...?
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I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
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The King needs money and the civil unrest in the country is quite an alarming idea to invest in Thailand nowadays i think i need to pass on this one.
Rethink your info, and do some more checking up on things.
be more specific about "checking up on things" otherwise it is useless comment
@@bogeybichon7000 Exactly, too vague. Check up on what exactly
Look for Olga in the comments.The clearest and simple and honest answer is the one that Olga gives.Fake smile 😃 Thai smile
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I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
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I just got depressed knowing that the Elite visa has got a 20% more expensive :(
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I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
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I don’t have 10 million Thai baht lol
ahhhhh i like your other intro music much better.
I don't like any of the intro music he uses. I'm a musician and I've been thinking about writing a jingle for him; but haven't had free time yet.
thailand is way too hot to live in unless you want to stay inside most of your life. I was there for a few months last winter and it was ridiculous! Couldn’t even go for a walk unless it was before 8 am, the rest of the day was spent in the house. Just as well sitting in the UK house hiding from the cold rather than sitting in a Thai house hiding from the heat. I bought a house there (through my Thai wife) and it depreciated like a rock, managed to sell it to a relative for about £10k less and I was relieved.
Definitely rent for the first year if you are going as properties are abundant and cheap through Airbnb. If you haven’t been and are not going for the ladies, I recommend Koh Chang! I have been going to Thailand for 20 years and always found it to be a bit of a dump (particularly Bangkok) but was blown away with this little Island.
What is about Hua Hin?
I would like to spend my time from November to April every year.
Thank you and good luck 🍀😊
@@epicurean1868 I spent last January/February in Hua Hin and I honestly think that is a dump too but that is just my personal view. The beaches are filthy as is the water with nobody bathing except at the far end. The dead fish washed up each morning is not something that invites you in. The military beach a mile or so further south is nicer but I think it is because the military clean the beach from all the dead stuff prior to folks arriving. Only the farangs (foreigners) go to the beach whilst the Thais shelter under the trees. Avoid the monkey temple like the plague as it is neglected and the monkey are a dangerous breed.
Apologies if you live in Hua Hin!
@@MEDITATION990
Thank you for your information.
So it doesn't seem to be a dream destination.
I plan my retirement.
Philippines could be an option too.
What is really nice are the French islands Guadeloupe and Martinique in the Caribbean.
Little bit expensive but beautiful.
I will see.
Thank you and good luck to you 👍🍀😊
@@epicurean1868 My wife and I have been trying to find our dream place for about 20 years but have given up. We will continue to travel and enjoy everywhere rather than putting down roots. I wasn’t keen on the Caribbean either lol - not an easy person to please 😬 We spent 6 years in Florida (even got our green cards) but we got bored there too. Again, too hot most of the year and very flat with very little history or places of interest compared to our home city of Edinburgh. However Edinburgh is too cold for us hence the travels.
I hope you find your perfect place
@@MEDITATION990
Thank you.
I plan to spend the winter outside of Europe.
In the summer I would come back.
Europe has so many places to see.
Good luck to you and greetings from cold and grey Germany 🍀😊
Just got my first condo in Thailand. Off plan, just completed. It’s a lifestyle play for me. So I will be looking into the elite visa. Thanks.
do you think it's best to get the 20 year Elite Superiority Extension for value ?
Lived in Thailand for 10 years.....its well over folks, find somewhere else. See all the good reasons for not investing below!
GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
+ 1 8 5 9 3 2 0 0 3 3 0
> investors
> for free
Not free, is it?
+ 1 8 5 9 3 2 0 0 3 3 0..
I live in Bangkok. Personally, I see elite visa as something for suckers or well those who don't really care about optimising for their stay here. Still, RE is a decent option if you plan to actually live in the condo that you buy. I just don't see any reason to stay in thailand long-term.
GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
+ 1 8 5 9 3 2 0 0 3 3 0
There are other ways to get property in Thailand.
Also if you are married to a Thai National then you can start a business with your partner and get property foe the business. The caviat with that is that you can only get 49 percent of ownership in any business that you start.
GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
+ 1 8 5 9 3 2 0 0 3 3 0
Hi guys,
I'm belgian citizen and a German company recently offered me an interesting job opportunity as an employee. They offered me a 80k + full remote.
If I move to Thailand and establish my fiscal residency and pay my taxe in Thailand as an employee of a German company ?
Thank you,
Countries popular for 2nd residencies (Panama and Malaysia come to mind) have had much, much more restrictive lockdowns than the US. I spent the last 2 years in South Korea who IMO has had the strictest 2 week quarantine in the world coming in. For all that is wrong with the US, they aren't restricting their citizens nearly as much as other countries.
And the US has more deaths per capita also
@@thetrevster6983 well I do not disagree with you that there's a power play going on. But every pandemic and every bad thing that happens was not started for the people that's trying to power grab. I think they're opportunists for sure.
I know people personally who died by this flu so I don't think it's fake. Plus things like this happen every hundred years
Panama are doing a gender based lockdown at the time i post this, if you are male you are allowed to shop on certain days, and if you are female you can go out on others. I was thinking of going there to escapenthe covid winter of europe but hearing that, no thanks
I heard that foreigners can't own property in Thailand. Is that not true?
They can own condos under certain conditions.
Hello, does it apply for buying condos? what about buying villa in koh saumi for 10m baht ? is it good investment and will i get this type of visa? i want to settle up in some of those countries with my girflriend, we are 30 years old and looking for settle somewhere. Thanks for any opinion
Thailand is the strictest recently but the feminine culture of the women offset any inconveniences haha
But arent half those "women" are dudes in dress?
@@sasi5841 LOL not half. Less than 1/10th 🤣
@@sasi5841
👍🤣
@@sasi5841 lol
To my understanding under this visa you are not a tax resident. That means I won't have to pay tax on my profits from my online business, right?
Thailand is a great country. And the locals, on the whole, are great people. However, it may be a better option 5-15 years from now but rn I'm not so sure. It's also worth mentioning, when and if you sell, that if you make the money IN Thailand and have it transferred to your Thai account you may have trouble withdrawing that money OUT of the country. I've heard this issue with people who own businesses and hold jobs there. Would this hold up with real estate deals?
Then there's the whole 'go where you're treated best' - if we were to compare this to Malaysia, KL where I am right now - there's no comparison in my humble opinion. Malaysia wins hands down.
depends which part of your anatomy you want 'treated best' lol
@@ballballsoo Fair point there, John 😂
Rubbish
Thank you!
Unless your getting a great buy forget it, process too high easy to buy good luck if you need to sell, tourism, businessall the clubs bars shut down, no nightlife this is a suckers market, the visa for a condo in my view you could not sell, if so you would have too at a huge loss,look elsewhere the old Thailand is over, just look at all the tourist zones there shut down, you know it's bad when mcdonald's and7/11 are closed all over buyer beware.
We don't drink and some groups of tourists in the past 15 years are gone for the better, from my experiences. So the bars being shut is sad for local businesses and families, but not a deterrent for us. We'll rent, unless condo prices drop steeply from where they are now.
Can you purchase “any” condos totalling 10 million or do they need to be specifically from a selection of brand new developments ?
They are Just Setting up a New one Today that allows Buying of Land Check it Out
$25k Australian sounds fine, is that every 5 years?
GREAT
I WILL ADVICE YOU TO GET INTO BITCOIN TRADING WITH THE AID OF MY TRUSTED ACCOUNTANT DAVIS PHILIPS OF VAULTOTRADES AND MAKE HUGE PROFITS.
+ 1 8 5 9 3 2 0 0 3 3 0
The problem with Thailand is that you can only buy land for 99 years. ie. never own it fully and hand it down to your family.
They need to fix that.
Other than that, Thailand is great.
Foreigners can't own land for any number of years....
@@normalpsychology If you're not planning to hand down land there's no reason to buy it. The stockmarket will give you better returns and more options in terms of flexibility and liquidation. Additionally because every nation requires foreign investment for growth, your much less likely to be targeted with punitive taxes.
@@normalpsychology all investment is gambling. doesn't matter which market you invest in housing, stocks, bonds, derivatives, Your putting money in now expecting greater returns in the future.
Generally the greater returns you target the greater the risk that your bet doesn't pay off.
@@normalpsychology once you start a family you'll want to leave your wealth to your children and theirs, and so on.
Ie. Leave a legacy
Bangladesh is now giving 5 year visa to westerners - no investment needed.
Details?
It’s a 💩 hole of a place 🤮
Andrew if someone is interested to move there permanently and possibly own a home you can decide to naturalize in Thailand eventually. There’s that probability too.
'eventually'...I know guys with 1 Thai parent and cant get Perm residency ...!
@@jonhay75 According to the law a person born to 1 Thai parent anywhere is a Thai citizen. There is the possibility to naturalize there too.
@@andrewalmada The law and what happens in reality are quite far apart here.....
dream on buddy. theres 0.000000001% chance.
@@andrewalmada tiger woods was rejected before he was successful
For anyone under 50 idea and real value for money.
i bot land and build a big temple.... i let a local thai guy bot it for me ....lol....
Can you legally work on this elite visa?
Thailand is on my retirement list. Certainly better than retirement in the US. So which is better, the 10 year retirement visa or the Elite visa? I am 54.
elite for comfort of paperwork
Just to confirm, this Elite Visa is only good for several years, right?
Yes, for 5, 10, or 20.
I have considered it, but Andrew has talked me out of it and my friend there wants to do another asian country, I rather do Georgia.
Nice new title video Team Nomad!
Hello. The following question its not about the topic of the video (but I can't find the solution). I'm not US citizen.
If i'm a founder of a crypto project, and I receive some utility token. If I want to convert some of them into fiat (bank account, preferent in the US).
Can I do that? What about compliance and AML? Are there any problem with the ammount of money?
Thanks
hopefully this elite visa could lead to Perm res 🙏
You're dreaming it'll never happen.
Thais prefer to charge you every year
@@geoffwaterman6560 I know lol
speak and write thai
I don’t need to move to Thailand permanently so calm down guys
What kind of properties need to buy for that?
overpriced condos from sketchy developers.
How about that corn
Hey
Insightful
Is "Cleavagey" a real word?
English is a very versatile lingua franca. It readily adopts words from many languages. Only time will tell.
Sounds tempting hmmmmmmm
I'd like to think I'm an elite kind of guy
Are Sri Lankans eligible for this visa
Great video for Thai visa! (another option)
You can pay 1M baht instead and get 20 years - cheaper if you plan to stay long term
Which visa are you referring to?
buying a condo in Thailand is definitely a goal for me.
you'll have a lot of choice with large numbers of condos empty at unrealistic prices. Probably best to rent in Thailand
Awesome video! A bit off topic, but Bitcoin, silver miners, and uranium are incredible contrarian investments right now that can produce highly lucrative returns. Total return was 101.34% in 2020 and have increased my net worth by about 300%. Should be an exciting year in 2021.
Couldn’t agree with you more, especially on Silver and Uranium.
@@TheWanderingInvestor Bitcoin is a highly speculative position that i only am planning to own until 100k.
@@basicboomer519 can’t blame you. To the moon.
@@basicboomer519 you don't think it's a permanent pump n dump cycle?
@@mattoska when it goes parabolic, you will be correct. People buying right now and in the past couple years are ahead of the herd and are smart money. And Bitcoin is a pump and dump cycle no doubt that’s why I’m selling a good chunk of my position at 70k-120k and beyond
If you have to invest then the elite visa isn't free
I'm ready for the "GREAT RESET", I own XRP and 0xMR
@@thetrevster6983 you can't predict the markets. Most traders lose money.
Hi Guys 😍💋 💝💖
How much Thai baht