Thailand is the #1 destination in Asia for global retirees
International Living magazine named Thailand the best country in Asia for retirement in 2022. Thailand was ranked eleventh out of twenty-five countries, with Panama, Costa Rica, and Mexico at the top of the list. Housing, parks, visa and residence, entertainment, and climate are all included in the magazine's annual worldwide retirement index.
Because of its beaches, tropical climate, range of affordable housing alternatives, fair medical costs, and simple immigration process for seniors, Thailand was named the best location in Asia to retire this year.
Bangkok, Chiang Mai, Phuket, and Hua Hin are the top cities to visit, according to the magazine. Retirement in Thailand is estimated to cost roughly US$1,000 (33,500 baht), with an apartment costing between US$400 and $US500 (13,400 baht to 16,750 baht).
Bangkok, Thailand's capital, is a bustling metropolis known for its shopping, street food sellers, and exciting nightlife.
Phuket is a Thai island off the west coast that has some of the world's best beaches. For nature enthusiasts, the fresh breeze and the splendor of the nearby islands are ideal.
Chiang Mai is a land awash in natural splendor. It has a temperate climate that is great for visitors who visit the city and is known for its Lanna culture.
Hua Hin is known for its long stretch of white sand beach as well as its rolling green hills. Since the early twentieth century, Thailand's royals have used Hua Hin as a cool-weather hideaway.
Thailand is also known for its economical and high-quality healthcare, which is one of the first things retirees look for when it comes to maintaining a healthy and secure lifestyle after retirement while applying for and receiving a long-stay visa is also simple and quick.
Thailand received a 72.9 on the magazine's criteria based on retirement benefits. Cambodia came in second in Asia with a score of 72.3, followed by Malaysia with 72, Indonesia's Bali with 69, and Vietnam with 68.3.
Panama is regarded as the world's finest place to retire, with an index score of 86.1, because of its tropical climate, low cost of living, and pleasant population.
How can I get a retirement visa in Thailand?
If you are over 50 years old and want to retire in Thailand, a Thai retirement visa is the best option for you.
The Royal Thai Embassy will condition the granting of your visa application on the satisfaction of certain terms and conditions.
You can stay in Thailand for a year on a Thai retirement visa. You can also renew it as many times as you like.
From a financial aspect, you must either have a bank deposit of at least 800,000 Thai Baht in a bank account with one of Thailand's banks. In some situations, you may also require a police clearance and a medical clearance. Thai visa holders must also submit a 90-day report.
Source : Thainews, Thethaiger.com, ScandAsia.com, South China Morning Post