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Retirement in Thailand offers many options. There is a large rental market in Thailand or you can buy a condo in Thailand. Thailand offers many visa options such as a marriage visa if you are married to a Thai or a retirement visa if you are over the age of 50. You are always going to need a lawyer in Phuket once you settle in Thailand. Either for the above or to start a business while in Phuket. Speak to a Thailand lawyer for more information.

Retirement in Thailand:

You can retire in Thailand as many do. You only need to be over the age of 50 and show 800,000THB in your bank account each year when the visa get renewed. Note that you don’t need to keep the money in the bank all the time as you only need to show that it was in the bank for at least 3 months before the visa renewal. Having a retirement visa or O-A visa does not allow you to work in Thailand. Should you apply for a work permit then you will automatically cancel your retirement visa with the work permit application. Once you stop working you would have to start the retirement visa application again.

Marriage in Thailand:

Getting married in Thailand is becoming very common as Thailand offers many marriage locations. Those who do arrange the marriage ceremonies normally do not register your marriage in Thailand and you will need a law firm in Phuket to assist you with this. See the articles on marriage registration in Thailand as well as the letter of affirmation which will be required from your Embassy in Bangkok.

Starting a Business:

There are many business options in Thailand. 10 years ago it was dive shops and gyms. Today it has moved to guesthouses and other support services in the area. There has also developed more IT companies in Bangkok and Koh Samui as many IT staff retire to the island of Thailand. You will need to register your business as well as apply for a work permit if you are going to work in your own business. The law firm in Thailand will also need to register your business for VAT as well as ensure that your annual audit and bookkeeping in Bangkok is done.

Buying Property:

Property sales in Bangkok has always been good and the return on investment over the years have been above average for Thailand. Before you buy any real estate in n Phuket you are best served to have a due diligence done on your property before you sign the sale agreement. Investing in property is always a good idea however you need to start on a proper footing.

Family Law:

If you are getting divorced in Bangkok then you will require the services of a law firm in Thailand. Divorces can be complicated and costly so always take good legal advice before you agree to anything. Many divorces in Thailand are settled by agreement and done even need to go to court and simply get filed at the local district office in Thailand. Note that you will have to get an attorney to draft the divorce agreement for you in an unopposed divorce.

Speak to a lawyer in Thailand for more information or find a law firm in Bangkok that can assist you with all your legal and accounting questions.

 

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