Retirement planning is never a walk in the park. It’s now the right time to transition from planning your retirement and wearing a new hat of full retirement. But if you have all your sights set on retiring to South East Asia, then you are on the right track. But there’s a lot that you must know, especially retirement visa issues in South East Asia and how to go about it.
The crux of this article is to present you with information surrounding retirement in South East Asia, retirement visa issues, and the best destinations to try out in countries, such as Cambodia, Thailand, and Vietnam, beautiful countries with thousands planetary sights to see.
Cambodia and its retirement Visa
Cambodia is a highly preferred retirement country in Southeast Asia that has a surreal and unfamiliar landscape that spans to low lying plains. The ragged lunar mountains and the pristine gulf of Thailand Coastline will take your breath away. Cambodia’s capital city is Phnom Penh that will introduce you to the ever-busy art deco Central Market as well as the glitzy Royal Palace.
Everyone loves spending quality time in the sizzling hot beaches and limitless yet primeval jungles. You will relish in the bustling city where you have to call this place your second home. There is definitely a reason why Cambodia is referred to as a King of Wonder by locals and tourists alike.
Cambodia makes it super easy for people seeking to retire in this charming country. As an expat planning to retire in Cambodia, you will experience minimal bureaucracy, red tapes, or financial requirements. You only need to pay for a visa on arrival, simply at the airport, by filling in a short document, including submitting two passport photographs and paying for either an ordinary or business visa that is valid for only a month.
Once you enter the country, you will be required to extend your visa for a year, which allows you to enjoy living in the country while you can leave and come back to your liking. Most of all, if you adhere to the rules of the country, everyone will be happy to have you as a fond foreigner friend.
Be retired in Thailand : how it works ?
Thailand is another Southeast Asian country that is filled with sprawling tropical beaches to find pleasure in as an expat in your retirement. The magically ornate yet archiepiscopal palaces will enrich your knowledge of ancient history, and the aesthetically pleasing fine art will get your mind specially titivated. If you find religion devout, then the ornate temples that display figures of Buddha will take you to a whole new world, such as the vintage temple of Wat Arun and Emerald Buddha.
Life in Thailand is worth living with endless places to spend quality time with friends or family, such as modern beach resorts and restaurants, including Pattaya and the ever stylish and modish Hua Hin. You will definitely fall for the beguiling wildlife of Thailand in the heaving national parks. And if nature doesn’t lift your spirits high, you can choose to spend time walking in the energetic cities and endearing towns of this ‘land of smiles.’ The soaring skyscrapers and modern-day architecture will make you forget everything about your homeland.
For you to qualify for a retirement visa in Thailand, you must be at least 50 years of age when applying for a retirement visa. You also must adhere to all the financial requirements, which entails making a security deposit of approximately 800,000 Baht or a monthly income of about 65,000 Baht. This may include a total of about 800,000 Baht combinations of personal bank deposits as well as salary or pension for the whole year. You also must submit a police clearance document before applying for a retirement visa in Thailand.
If you meet the set requirements as set by the Thai Embassy in your home country, you will apply for 1 Year Non-Immigrant OA visa. You will be required to renew your extension in Thailand every year, which is done before the expiry of your current visa.
Vietnam and its long-term investor visa
Vietnam’s Ho Chi Minh city
Vietnam is another fantastic country in Southeast Asia that is famous for its sassy beaches, and beloved untamed yet sparkling rivers. For someone who wishes to learn more about pious religions and scrupulously true beliefs, you’ll have to check out the Buddhist pagodas that have shaped the social, cultural, and religious lives of the people of Vietnam for decades.
Besides, the authentic history of Vietnam will inspire you to bits, particularly, that of the country’s widely admired communist leader by the name Ho Chi Minh. You will have a lot to learn in most of the historical war museums that silently conserve a plethora of facts that remain unknown to many foreigners.
Even though Vietnam appears tiny on the map, you could easily spend months exploring this spellbinding country. This is starting from the sultry beaches to the toothed mountains and profoundly rich culture of the people of Vietnam.
Vietnam, firstly, doesn’t have a retiree visa. However, American citizens are granted a year, multiple-entry visa. You will still be required to leave the country at least once every 90 days. Getting a permanent resident visa is often extremely limited. This sometimes happens to relatives of current residents with permanent resident visas.
Moreover, if you intend to not only retire in Vietnam but also invest in this fast-growing country, you will be spoilt for choice. You will be introduced to a Vietnam visa by investment, which is abbreviated as DT, or (Dau Tu), which means investment in Vietnam. As a foreign investor in Vietnam, you will be issued with a DT visa allowing you to get a DT Temporary Residence card that is valid for 12 months up to 5 years according to the amount you are investing.
For you to apply for the DT visa, you must submit documents that prove your investment plan in Vietnam as enshrined in Vietnam’s law on Investment. You also need to show your practice license, in case you work as an attorney in Vietnam.
Movetoasia.com is helping you, with its lawyer’s team, to set-up a company or handle the paperwork to help you getting your retirement visa by investment in Vietnam.
Check out the retirement’s service by Movetoasia.com here.
The application process for a DT visa is straight forward. It involves acquiring an approval letter from your inviting company/organization. You will then be required to apply for a DT visa approval letter through your inviting company and provide papers as well as a written request.
Other crucial requirements include legal paper of inviting company, Certificate of Business Registration, Certificate of Investment, Certificate of Stamp Registration, personal details as indicated in passports, the port of entry, exit, and date, as well as point of getting entry/single/multiple entry visa.
Wrapping up,
After many years of planning as well as saving, it is finally the time to retire like a millionaire! In case you reached your financial freedom, and you can now manage to put an end to working full-time, hats off! You need a huge pat on your back. Sample one country of preference and enjoy your retirement because you deserve it. Won’t you?