If you are over 50, you can get Thailand 'Retirement' (non-immigrant O) visa by leasing a condo for 6 months or more, and putting 800k THB (21.3k USD) in a Thai bank. It's not a fee, you keep the money, and can take it if you decide to leave. No need to invest or buy property, just put cash in the bank. You get a rolling 1-year renewable visa, with certain obligations to get exit visa for travel (get it at the airport on the way out), or 90-day reporting at your local immi office if you don't travel (talk of abolishing this requirement).
I’m 41. I got my SRRV in the Philippines early during the pandemic. I’m glad I did because a few months after I got it they eliminated the program for younger than 50 year olds. I’m grandfathered into the program. I used my Mexican passport to get that visa. I’m dual US and Mexican citizen but the SRRV was easier to get with my Mexican passport than my US passport mainly because the Mexican embassy in the Philippines was open and working while the US embassy was totally closed and not helpful.
@@jaws2003 they literally closed the embassy in Manila for over 2 years. You couldn’t get anything done. When I was getting all my paperwork for the SRRV They were useless. The Mexican embassy in makati was very helpful.
@@franciscofletes1948 Lucky you. I wasn't aware they grandfathered people in. I almost got one 6 months before the pandemic but decided against it. So are all the thousands of Chinese grandfathered in also, since that's who they said were one of the main reasons for ending it?
SSRV back up and running full at steam. Military SSRV is like $3k down and $100 a year. Or if you are in retirement age you can put $10-$20k down (I forget which now) and get it back when you buy you a relatively low-cost condo (I got mine seafront one off-plan for $50k a few years ago in a hot and hip provincial coastal city , although now its doubled). And you employ a local SSRV consultant who, for a couple of hundred bucks will save you all the hassle. If you have already bought and didnt get the SSRV, then you put down the $10k in a designated bank and get it back when they have officially sited your condo deed of ownership and processed it. Which takes a month or so. All these other countries this guy mentions in his video sound like REALLY expensive to do the same. Laying out hundreds of thousands of dollars to be permanent. Why bother? You have the rest of the world to invest in. Why limit yourself to SEA?
Reading the comments. Philippines has high interest in the viewers watching. I've watched a lot of your videos and I'm also wanting to hear more about the Philippines. Pros and Cons.
The worst street food on the planet. Pathetically slow Internet. Quite high cost of life comparing to Asian countries on the continent - i assume its because of transport cost between islands. On the positive side, great weather all year round, English everywhere, even Japanese are nowhere near as good with English as Filipino.
@@rumcajs009 you forgot 1 more item. A lot of street kids. Social issue. Japan and philippines both have typhoons and earthquakes this is a fact. Good weather all year round is not 100% true.
17 years in Thailand and I have never regretted it. Malaysia is also great and Kuala Lumpur is one of the most underrated cities in the world. Korea is not popular among ex-pats who usually feel they are treated rudely. It is also expensive. Japan is heaven if you can afford it, though you do not have the same freedoms you get in a place like Thailand or Cambodia. It's so nice to walk into a pharmacy and buy legitimately needed drugs over the counter that require a prescription at home for example. Singapore is a police state.
Got my Philippines SRRV last week. I don't need it right now but things in general seem to be getting more difficult so I took action before they change their rules again.
Don't get why Philippines not at top of your list. I live there. Pay ZERO tax on overseas earnings. Bought a seafront apartment in a top provincial city for less than $100,000 a few years ago. Underground parking, 24/7 security, huge pool, gym etc. The economy here is booming in my city with new shopping centers, restaurants popping up everywhere. Permanent residency through the SSRV retirement scheme a doddle. Its a fraction of the other countries you mention -- if you in retirement age you can put down $10k and get it back when you buy your condo. If you get the military one is like $3,000 down and you pay a $100 or so a year. English is universal, people friendly. Cost of living is about 10% of Australia, US, UK etc. You can't officially own land, but who cares? And DONT invest in the country beyond that. (Lot of folks do, buying land through back doors). You can use it as a hub -- if you really want to -- to invest anywhere else in the world and to travel cheaply. Well, i do get why it's not at the top of YOUR list and why you dont mention the country often at all in your vlogs. Your entire business model is a consultancy that navigates all the complexities for high networth individuals who are relocating to low cost countries. And with the Philippines you dont need that. (Well it's nice to have ancillary advice. And it would be useful if you are diversifying your investment elsewhere in Asia).
Philippines is NOT a destination for expats with income or wealth. Its very very third world. Andrew is trying to be nice about not putting any negative scores..he doesnt want to point fingers or make any countries or people feel bad.
@@skydance2012 Politics suck and bribery is rife. They will make foreigners go for a run until your money is dry. Thats more or less the Philippines for you.
Paraguay..... hidden gem. I bought a 4.4 hectare property that's 10 acres us immediately across from me is a German couple next to them is a French the next Russian next Austrian cross the way is a gentleman from Switzerland another American and a couple more Germans. One American dollar equals $7, 010.10 as of today 9:26/2022 that is the highest it's been and higher than the euro right now. The cost to build a house is about $68 per square foot for the house and 48 per square foot for the pool the gates the roads leading up to the property the cost of living here is extremely low the labor is about 10 to $12 per day per person and the international grocery store is 7 to 8 Miles away from our property out in the country in a neighboring town called emboscada which is 40 minutes from Asuncionn the capital. The people are friendly, beautiful and happy yet most are poor.
You brushed over the only English speaking country Philippine. A number of us are interested in what they have to offer business, investment, retirement. Good video!
@@idw9159 It's best to contact a lawyer/agent like Nomad Capitalist but checking on a few websites just for permanent residency it looks like you need to hold a non-immigrant visa and have lived in Thailand for 3 years (plus obtain a yellow residency book), the Elite Visa isn't a non-immigrant visa, it's just a fancy tourist visa more or less. Also, with residency they only take 100 people from any one country each year.
Great video and great info! My wife and I are currently in Bali doing a test run on what it's like to live in Canggu and at the current co-working cafe we are at, they have someone speaking about tax law today! Seems to be a hot topic for everyone here that works remote.
Indonesia tax exemption is tempting, but remember sales tax is 11% and will go 12% soon. In addition, the public service is almost non existent for tax you paid, such as police, health, education. This third world country is trying to adopt the first world country extensive tax collection system, but failed to provide similar or even basic public service done by first country. The first surprise you will find when you landed in Indonesia, is your mobile phone will not accept any local SIM card, except you go to tax office and pay any applicable import and sales tax for your phone for bringing to the country.
Anglosphere nations accept anyone and quickly give citizenship/residency. However, the countries immigrants come from DO NOT reciprocate these lax policies. You need to be rich and will be perpetually second class. Enjoy.
I would like to hear more about Sri Lanka. Apparently they have a residence by investment program and even though it has residence-based taxation it seems u can get some sort of tax credit on foreign-sourced income. The information doesn't seem to be clear and I'd like your usual straight forward approach on the matter. It also seems to be the kind of place one can watch rising from the ground with their ongoing construction project, not to mention proximity to big emerging markets
Vietnam is a mess now with resident permits, avoid for now. Labuan Malaysia, make sure you don't need to hire locals, getting costly there. I think Thailand is king at the moment, so many options!
many options? the stagnation is horrible there, especially compared to dynamic Vietnam. The land of smiles changed in a funeral full of depressed people
@@wouter1602 if you want to start a business you get a long-term visa everywhere and it is cheaper to do it in Vietnam, moreover you can own 100 % in Vietnam. In Thailand only if you are American other foreigners can own only up to 49 %
I wouldn't gloss over Philippines too much. As a tourist on visa on arrival at least for americans you can stay 3 YEARS at a time. Virtually free compared to big investments. Then leave for a day and come back for another 3 years. Over and over and over
Obtaining citizenship in Japan is quicker than PR - five as opposed to ten generally, from my understanding (no dual citizenship there after 20 y/o - if you're committed you'll scrap your other passport to get the Japanese one, which is the thinking, I believe). Also, city taxes there can be quite complicated.
Thailand vs Indonesia comparison for someone who is considering incorporating in Dubai. Zero tax in Dubai vs low tax in an Asian country. In this example say I have two tier "A" passports from legacy western countries already.
@Nomad Capitalist Fantastic work as usual, thank you so much for sharing your knowledge with us. I'd love to hear your thoughts on Japan's tax situation. My wife is a Japanese citizen and honestly, japanese tax looks brutal.
I recently secured a 5 year visa exemption for Vietnam through ancestry. Apparently with this allows me to purchase real estate and open a business in the same way as a Vietnamese citizen. A great option for those that have ancestry as I didn't know it was an option until very recently. However, Vietnam does include foreign income for tax thresholds and their tax rates are not that favourable although still better than ridiculous Australia where I am a citizen. The plan is if my business does take off in a year or so, then I'll move my base to Malaysia and open a Labuan company. Not speaking Vietnamese is at least somewhat of a barrier to speed of getting things done compared to Malaysia.
As a US citizen with US passport, and no Vietnamese background, I have a 5 years Vietnam visa exemption. My wife is a Viet Kieu (originally from Vietnam). Based upon this I have the luxury of living in Vietnam with my wife if we want. The other thing I have is a Indian OCI visa, care of my Indian background. My wife, a US and Vietnam dual citizen, also has a OCI visa. We can reside in India. India doesn't allow dual citizenship. The place we like in Asia...well there are two ..other the India or Vietnam.... Kuala Lumpur and Chiang Mai
Cool, I’m in VN now and was in Labuan couple of days ago. I do not think Labuan is an interesting options for now unless you have a very large company. VN is really good if you have the visa issue sorted, so you are good! All the best!
@@GrikWorldNomad I don’t disagree with you. I have bought and sold real estate in multiple international markets and it certainly is easier where you can communicate in the local language. Either way it takes time to build up the right contacts even at home for anything business related. Borneo is beautiful; almost applied for the Sarawak MM2H but I didn’t like the way the Malaysian government has been changing things on the fly with policies that don’t seem to make a lot of sense on multiple levels.
@@wouter1602 yes totally agree that Labuan is really only the right option when you have a significant sized business. I’m going just getting started again (I say that as someone who has previously already started other ones). The visa issue is definitely problematic. However if anyone is willing to go say teach English for say 30 hrs a week you can get a work visa. After I think 5 yrs you can naturalise citizenship but you’d have to give up your current passport which obviously isn’t viable for a lot of people.
One thing holding me back is my 2 year old daughter. What is the best way for her to start education in these countries? If we don’t move, most likely we are going to enroll her in private school here in canada which cost around 35k.
Also from Canada and living in Asia. I would homeschool my kids, there isn't all that much to know in high school calculus, algebra and physics textbooks, compared to graduate level anyways, it can be quickly taught and practiced in a few months.
@@hufficag been thinking of homeschooling but thought it would be tough. I am an engineer and have done lot of maths and science tutoring. My wife is a ECE teacher. I think we can pull it off. How about socials and extra curriculum though?
@@last_samurai6690 I'm an engineer who couldn't find a job in the Great Financial Crisis after graduating so I went to China to teach. I think you have more than what it takes to be good at homeschooling, you have done the teaching already. The way I see it, I wasted years of my life doing useless stuff in school instead of socializing. Instead of doing useless homework a child can pursue his own passions in whatever field and socialize there.
International schools are great. (I'm a degreed certified teacher and taught at these schools). There are also high schools that are American Program. Stick to cities that have international schools. You will meet others like you. Similar to you, I'm having trouble imagining taking my small dog and how that may go.
Lots of people asking about the Philippines. You cant buy a house or land in the Philippines. You can only do so if you put it under your Filipina wife or gf's name. But as we all know, she will surely dump you after you put it under your name 😂
Getting some kind of long term residency path is one of my top requirements. I prefer to own, build, so long term is important. One thing I've noticed is many channels saying things like "you can just extend a tourist visa forever". Assuming conditions today will be around tomorrow is foolish imo. I'm single so marriage to a citizen gives me more options.
What is the tax rate for the new Malaysian digital nomad visa? I cannot find any information anywhere. Indonesia's new DN visa is zero tax if income sourced from outside the country
I miss my country of origin, Philippines 🇵🇭. I’m going to apply for dual citizenship as I’m also Canadian citizen. 🇨🇦 Thank you for sharing more information about Asia. ❤
Singapore even though they call it a strict state has low taxes and a hub,, but unless you marry a Singaporean or have millions it is extremely hard to get PR , SO next door JB region of Malaysia could be next bets thing? may be if you do business with Singapore ( except the Corvid shut down) however Malaysian PR is also expensive! Other next door is Batam island of Indonesia ( 45 mns by ferry) but again how do you get a long term residency,
Anywhere less woke has my full attention. Was loading 2x4s at Home Depot tonight in the dark while the car next to me was thumping rap music as the male and female occupants were off around the parking lot adhering Black Lives Matters stickers to the carts, light posts and even the metal cart corral. I want out of here - somewhere normal.
S. Korea and Japan are both very strict and in the case of korea, requires language fluency and army service for citizenship (for men). The birthrates are so low, though, that i think it'll get easier to immigrate
Stay away from Vietnam. Their visa system is in total disarray now; it changes more than I change underwear. Even those with TRCs etc are finding them cancelled, rules changed, etc on the cuff. It ain't gonna happen anytime soon :(
I would like to better understand the statement about Thailand for as you put it workers that work for a big company that make over $80,000 a year. Can you point me to a resource on that?
You need to comment on UK cutting taxes and abolishing highest tax bracket! It will definitely put pressure on other countries to lower their taxes as well as attract talent
@@mikhailfranco that’s not an answer to the question? I’ve been back and fore to SG on business for 22 years. Some sites say you can buy your way in, others say that’s if you start a business 🤷🏼 I have no issue in paying $x to live somewhere safe (and I know it’s expensive) however do not want to start or have anything to do with business, just want to enjoy a hard earned retirement
@@TheH00kie I live in SG and I'd say it's a no. You can't live here as a foreigner unless you are employed, or a permanent resident. If you are not ethnic Chinese or Malay (or married to a S'porean) there is only a miniscule chance of getting PR approved, and that assumes you have lived, worked and paid tax here for many years with a high salary. I'd also hate to retire somewhere with this climate, lack of natural beauty and lack of peace and quiet. I'd have said Malaysia or Thailand are far better countries for retirement, but that's a matter of opinion.
I hope you like wearing ma sks. These people have fallen for the propaganda. There are too many old people, everyone watches and believes the fake evening news, and you have to live on top of each other in apartments that require tens of thousands of dollars in down payments. Plus, your communist neighbor will report you to the leasing office if your dog "looks aggressive". Just stay where you are. These asian countries have gone full communist.
As an Australian married to a Filipino we have looked at residency long term. You find amongst friends that they have built houses in the Philippines but always have a Plan B by retaining a property in Australia should the situation turn pear shaped in the Philippines. Medical issues are the bottom line with most expats returning to Australia where the medical system looks after them. In the Philippines, the hospitals have two doors, one for people with money and the other which leads outside. Not as rosy as one would hope. I find the Philippines a reality check every time I go, happy to kiss the ground when I get back home to the land of milk and honey.
Vietnam is just making it so hard to start a business and maintain it for solo entrepreneurs. The corporate tax and VAT is already 30% plus you are required to conduct an yearly audit. And you need to invest mon $150k to get a temp resident card, otherwise it's a 1 year visa with no real rights and an unfavourable way to reduce tax to pay yourself or even pay for regional overseas travel, even if it's for work purposes. avoid Vietnam for now
I’d there a site that clearly shows all Asian countries ages of consent. Asking for a friend. He also wants to know prostitution laws for each. Thanks in advance.
You guys don't realize that tourism is dead in these Asian countries. They went absolutely mental over the ma sks and mandates. I haven't seen anyone's face in 3 years in Korea. They will probably require ma sks forever.
@@GrikWorldNomad I have 90 days visa free in both Singapore and Japan. I was wondering if I can stay for 3 3 months in SG then 3 months in Tokyo, repeat for just < 180 days in each of them every 365.
@@GrikWorldNomad Ma sks never made a difference. The entire population of Japan and Korea wear them because they have been hypnotized by the propaganda and are extremely obedient to their rulers in govt. Now their currencies are hyperinflating and tourism is dead. They are done.
You underestimate Vietnam again. It has the highest number of crypto users worldwide, many crypto projects famous worldwide and just build an EV factory of its own cars in your former country USA, yet you only think it's good for starting a shoe factory. You should be more open-minded. Yes you are a proud capitalist but Vietnam is only communistic on paper so you can put more effort to know this country and its potential better
It seems like "a group of people" came on the comments trying to sell philippines destination interest. I hope they aren't trying to covert advertise here. Usually you need to pay for the ads to do this. Philippines govt has been super aggressive in social media infultration lately. Much too agressive and its obvious.
Nope. People just like it there. Don't confuse the two. English-speaking and you can stay pretty much indefinitely on tourist visa on arrival only have to leave one day every three years.
If you are over 50, you can get Thailand 'Retirement' (non-immigrant O) visa by leasing a condo for 6 months or more, and putting 800k THB (21.3k USD) in a Thai bank. It's not a fee, you keep the money, and can take it if you decide to leave. No need to invest or buy property, just put cash in the bank. You get a rolling 1-year renewable visa, with certain obligations to get exit visa for travel (get it at the airport on the way out), or 90-day reporting at your local immi office if you don't travel (talk of abolishing this requirement).
Is Thailand democratic or is it dangerous
I’m 41. I got my SRRV in the Philippines early during the pandemic. I’m glad I did because a few months after I got it they eliminated the program for younger than 50 year olds. I’m grandfathered into the program. I used my Mexican passport to get that visa. I’m dual US and Mexican citizen but the SRRV was easier to get with my Mexican passport than my US passport mainly because the Mexican embassy in the Philippines was open and working while the US embassy was totally closed and not helpful.
Seems to me the US embassy is never helpful. This was the case for me in Paraguay.
@@jaws2003 they literally closed the embassy in Manila for over 2 years. You couldn’t get anything done. When I was getting all my paperwork for the SRRV They were useless. The Mexican embassy in makati was very helpful.
@@franciscofletes1948 Lucky you. I wasn't aware they grandfathered people in. I almost got one 6 months before the pandemic but decided against it. So are all the thousands of Chinese grandfathered in also, since that's who they said were one of the main reasons for ending it?
@@rayfinkle9369 apparently yes
SSRV back up and running full at steam. Military SSRV is like $3k down and $100 a year. Or if you are in retirement age you can put $10-$20k down (I forget which now) and get it back when you buy you a relatively low-cost condo (I got mine seafront one off-plan for $50k a few years ago in a hot and hip provincial coastal city , although now its doubled). And you employ a local SSRV consultant who, for a couple of hundred bucks will save you all the hassle. If you have already bought and didnt get the SSRV, then you put down the $10k in a designated bank and get it back when they have officially sited your condo deed of ownership and processed it. Which takes a month or so. All these other countries this guy mentions in his video sound like REALLY expensive to do the same. Laying out hundreds of thousands of dollars to be permanent. Why bother? You have the rest of the world to invest in. Why limit yourself to SEA?
Reading the comments. Philippines has high interest in the viewers watching. I've watched a lot of your videos and I'm also wanting to hear more about the Philippines. Pros and Cons.
The worst street food on the planet. Pathetically slow Internet. Quite high cost of life comparing to Asian countries on the continent - i assume its because of transport cost between islands.
On the positive side, great weather all year round, English everywhere, even Japanese are nowhere near as good with English as Filipino.
He doesnt mention philippines because its NOT a country that expats with income or wealth would ever want to live in.
@@rumcajs009 you forgot 1 more item. A lot of street kids. Social issue. Japan and philippines both have typhoons and earthquakes this is a fact. Good weather all year round is not 100% true.
17 years in Thailand and I have never regretted it. Malaysia is also great and Kuala Lumpur is one of the most underrated cities in the world. Korea is not popular among ex-pats who usually feel they are treated rudely. It is also expensive. Japan is heaven if you can afford it, though you do not have the same freedoms you get in a place like Thailand or Cambodia. It's so nice to walk into a pharmacy and buy legitimately needed drugs over the counter that require a prescription at home for example. Singapore is a police state.
Glad to hear you're enjoying Thailand.
@@nomadcapitalist Thank you I admire what you do. There is absolutely no reason to stay in America if you can afford to get out.
Got my Philippines SRRV last week. I don't need it right now but things in general seem to be getting more difficult so I took action before they change their rules again.
Philippines is own by America, they wont tell you that but is truth.
Don't get why Philippines not at top of your list. I live there. Pay ZERO tax on overseas earnings. Bought a seafront apartment in a top provincial city for less than $100,000 a few years ago. Underground parking, 24/7 security, huge pool, gym etc. The economy here is booming in my city with new shopping centers, restaurants popping up everywhere. Permanent residency through the SSRV retirement scheme a doddle. Its a fraction of the other countries you mention -- if you in retirement age you can put down $10k and get it back when you buy your condo. If you get the military one is like $3,000 down and you pay a $100 or so a year. English is universal, people friendly. Cost of living is about 10% of Australia, US, UK etc. You can't officially own land, but who cares? And DONT invest in the country beyond that. (Lot of folks do, buying land through back doors). You can use it as a hub -- if you really want to -- to invest anywhere else in the world and to travel cheaply. Well, i do get why it's not at the top of YOUR list and why you dont mention the country often at all in your vlogs. Your entire business model is a consultancy that navigates all the complexities for high networth individuals who are relocating to low cost countries. And with the Philippines you dont need that. (Well it's nice to have ancillary advice. And it would be useful if you are diversifying your investment elsewhere in Asia).
What city do you live in?
Phillipines isn't for millionaires
I'd like to hear more about Taiwan, Malaysia, Singapore.
Tell us more why or why not the Philippines pls! Been following your programs. Got your book but need way more on the Philippines, Andrew
Well my dads online philippine gf said it rains alot and infrastructure is crapy
Philippines is NOT a destination for expats with income or wealth. Its very very third world. Andrew is trying to be nice about not putting any negative scores..he doesnt want to point fingers or make any countries or people feel bad.
@@kennethroth6757 crappy is an understatement. and yeah, the raininess is shit. Always gloomy
Infrastructure can be fixed, it doesn’t snow! Let’s hear something good…?
@@skydance2012 Politics suck and bribery is rife. They will make foreigners go for a run until your money is dry. Thats more or less the Philippines for you.
Paraguay..... hidden gem. I bought a 4.4 hectare property that's 10 acres us immediately across from me is a German couple next to them is a French the next Russian next Austrian cross the way is a gentleman from Switzerland another American and a couple more Germans. One American dollar equals $7, 010.10 as of today 9:26/2022 that is the highest it's been and higher than the euro right now. The cost to build a house is about $68 per square foot for the house and 48 per square foot for the pool the gates the roads leading up to the property the cost of living here is extremely low the labor is about 10 to $12 per day per person and the international grocery store is 7 to 8 Miles away from our property out in the country in a neighboring town called emboscada which is 40 minutes from Asuncionn
the capital. The people are friendly, beautiful and happy yet most are poor.
You brushed over the only English speaking country Philippine. A number of us are interested in what they have to offer business, investment, retirement.
Good video!
Love this channel
One day I'll have the wealth to need this advice!
We will be happy to serve you.
The Thai Elite Visa I also don' t think allows you to gain residency.
it literally is a residency program - maybe you confused with citizenship?
@@idw9159 It's best to contact a lawyer/agent like Nomad Capitalist but checking on a few websites just for permanent residency it looks like you need to hold a non-immigrant visa and have lived in Thailand for 3 years (plus obtain a yellow residency book), the Elite Visa isn't a non-immigrant visa, it's just a fancy tourist visa more or less. Also, with residency they only take 100 people from any one country each year.
Great video and great info! My wife and I are currently in Bali doing a test run on what it's like to live in Canggu and at the current co-working cafe we are at, they have someone speaking about tax law today! Seems to be a hot topic for everyone here that works remote.
Cambodia, The Philippines and Thailand
Video dedicated to Philippines 🇵🇭!
I would like to know more about Philippines 🇵🇭,,since my wife is a philipina and we live in Canada 🇨🇦...Thank you and great videos
@du yo - if your wife is a PH citizen or dual, she can live therr permanently. As spouse, you can apply for a 13A resident visa.
Indonesia tax exemption is tempting, but remember sales tax is 11% and will go 12% soon. In addition, the public service is almost non existent for tax you paid, such as police, health, education. This third world country is trying to adopt the first world country extensive tax collection system, but failed to provide similar or even basic public service done by first country. The first surprise you will find when you landed in Indonesia, is your mobile phone will not accept any local SIM card, except you go to tax office and pay any applicable import and sales tax for your phone for bringing to the country.
Anglosphere nations accept anyone and quickly give citizenship/residency. However, the countries immigrants come from DO NOT reciprocate these lax policies. You need to be rich and will be perpetually second class. Enjoy.
That's why we colonize them
In Asia. They like white people. Unlike the US.
Philippines and Hong Kong
I would like to hear more about Sri Lanka. Apparently they have a residence by investment program and even though it has residence-based taxation it seems u can get some sort of tax credit on foreign-sourced income. The information doesn't seem to be clear and I'd like your usual straight forward approach on the matter. It also seems to be the kind of place one can watch rising from the ground with their ongoing construction project, not to mention proximity to big emerging markets
probably not the best location right now after the total breakdown of the government and critical shortages of fuel and food
Phillipines girls talk English. Treat men like Kings.
Vietnam is a mess now with resident permits, avoid for now.
Labuan Malaysia, make sure you don't need to hire locals, getting costly there.
I think Thailand is king at the moment, so many options!
I read that Thailand is getting a lot of air pollution. Do you know if that is true on the coast, as well?
many options? the stagnation is horrible there, especially compared to dynamic Vietnam. The land of smiles changed in a funeral full of depressed people
@@kriskravt3428 many visa options….
@@mmmmarada Never heard about that hehe, south of Thailand always good
@@wouter1602 if you want to start a business you get a long-term visa everywhere and it is cheaper to do it in Vietnam, moreover you can own 100 % in Vietnam. In Thailand only if you are American other foreigners can own only up to 49 %
Loving the Nomad Capitalist event here in Mexico City, great job Andrew!! Looking at Philippines residency to add to my Panama and Mexican residency.
For Americans, to own a first property in Singapore you do not have to pay additional buyer stamp duty unlike other foreigners who got to pay 30% ABSD
@Dnpe Stop paying property taxes on freehold properties. See if that is real ownership either.
I wouldn't gloss over Philippines too much. As a tourist on visa on arrival at least for americans you can stay 3 YEARS at a time. Virtually free compared to big investments. Then leave for a day and come back for another 3 years. Over and over and over
Of course, Thailand
Qatar... ( where I am.. ) Bahrain, Oman.... Thanks!
Obtaining citizenship in Japan is quicker than PR - five as opposed to ten generally, from my understanding (no dual citizenship there after 20 y/o - if you're committed you'll scrap your other passport to get the Japanese one, which is the thinking, I believe). Also, city taxes there can be quite complicated.
They tax your world wide income
@@kennethroth6757 Japan does not impose global taxation on its citizen
@@bk10200 my spouse isn't being charged a global tax - as far as I know, lol!
Taxation in Japan is way harsh.
I love Singapore and Malaysia
Thank you for being a ray of hope Andrew !
Another great video 👍
However, you didn’t mention anything about beautiful, strange, wonderful Laos!
I hope you will remedy this oversight soon…
South Korea is not moderately taxed and it has a highly invasive tax office that monitors and limits personal lifestyle.
Great round-up. I think it would be great to hear more about the Philippines programs, as they evolve.
More about Japan and Philippines would be great
Id like to hear more on Oman
Need to hear more about the Philippines. Was glossed over super quick in this video
I like to learn more about Peru
Interestingly no mention of Hong Kong. Hong Kong has been top 3-5 business free and friendly places in the world before covid.
Iecause it's now essentially mainland china maybe.
Thailand vs Indonesia comparison for someone who is considering incorporating in Dubai. Zero tax in Dubai vs low tax in an Asian country. In this example say I have two tier "A" passports from legacy western countries already.
I love Philippines ❤️🇵🇭🇮🇳
@Nomad Capitalist
Fantastic work as usual, thank you so much for sharing your knowledge with us.
I'd love to hear your thoughts on Japan's tax situation. My wife is a Japanese citizen and honestly, japanese tax looks brutal.
What are the minimum paid in capital requirements and pairing in timeframes to open a PT PMA in Indonesia? and a company, as a foreigner, in Malaysia?
I'd like to hear more about Taiwan
most incredible place ever, just has a huge threat of China taking over
How about Uzbikistan or Kazakhstan, in central asia?
I recently secured a 5 year visa exemption for Vietnam through ancestry. Apparently with this allows me to purchase real estate and open a business in the same way as a Vietnamese citizen. A great option for those that have ancestry as I didn't know it was an option until very recently. However, Vietnam does include foreign income for tax thresholds and their tax rates are not that favourable although still better than ridiculous Australia where I am a citizen. The plan is if my business does take off in a year or so, then I'll move my base to Malaysia and open a Labuan company. Not speaking Vietnamese is at least somewhat of a barrier to speed of getting things done compared to Malaysia.
As a US citizen with US passport, and no Vietnamese background, I have a 5 years Vietnam visa exemption. My wife is a Viet Kieu (originally from Vietnam). Based upon this I have the luxury of living in Vietnam with my wife if we want.
The other thing I have is a Indian OCI visa, care of my Indian background. My wife, a US and Vietnam dual citizen, also has a OCI visa. We can reside in India. India doesn't allow dual citizenship.
The place we like in Asia...well there are two ..other the India or Vietnam.... Kuala Lumpur and Chiang Mai
@@GrikWorldNomad in all those countries you can only avoid corruption in Singapore
Cool, I’m in VN now and was in Labuan couple of days ago. I do not think Labuan is an interesting options for now unless you have a very large company. VN is really good if you have the visa issue sorted, so you are good! All the best!
@@GrikWorldNomad I don’t disagree with you. I have bought and sold real estate in multiple international markets and it certainly is easier where you can communicate in the local language. Either way it takes time to build up the right contacts even at home for anything business related. Borneo is beautiful; almost applied for the Sarawak MM2H but I didn’t like the way the Malaysian government has been changing things on the fly with policies that don’t seem to make a lot of sense on multiple levels.
@@wouter1602 yes totally agree that Labuan is really only the right option when you have a significant sized business. I’m going just getting started again (I say that as someone who has previously already started other ones). The visa issue is definitely problematic. However if anyone is willing to go say teach English for say 30 hrs a week you can get a work visa. After I think 5 yrs you can naturalise citizenship but you’d have to give up your current passport which obviously isn’t viable for a lot of people.
Interested in Northern Asia options, South Korea and Japan.
One thing holding me back is my 2 year old daughter. What is the best way for her to start education in these countries? If we don’t move, most likely we are going to enroll her in private school here in canada which cost around 35k.
Also from Canada and living in Asia. I would homeschool my kids, there isn't all that much to know in high school calculus, algebra and physics textbooks, compared to graduate level anyways, it can be quickly taught and practiced in a few months.
@@hufficag been thinking of homeschooling but thought it would be tough. I am an engineer and have done lot of maths and science tutoring. My wife is a ECE teacher. I think we can pull it off. How about socials and extra curriculum though?
@@last_samurai6690 I'm an engineer who couldn't find a job in the Great Financial Crisis after graduating so I went to China to teach. I think you have more than what it takes to be good at homeschooling, you have done the teaching already. The way I see it, I wasted years of my life doing useless stuff in school instead of socializing. Instead of doing useless homework a child can pursue his own passions in whatever field and socialize there.
International schools are great. (I'm a degreed certified teacher and taught at these schools). There are also high schools that are American Program. Stick to cities that have international schools. You will meet others like you.
Similar to you, I'm having trouble imagining taking my small dog and how that may go.
Lots of people asking about the Philippines. You cant buy a house or land in the Philippines. You can only do so if you put it under your Filipina wife or gf's name. But as we all know, she will surely dump you after you put it under your name 😂
Hi Andrew please uptodate about combodia citizenship, business and settlement .
Thailand and the Philippines please.
You can invest $2000,000 in China and get an honorary green card if you want to live in China without visas I believe
Getting some kind of long term residency path is one of my top requirements. I prefer to own, build, so long term is important. One thing I've noticed is many channels saying things like "you can just extend a tourist visa forever". Assuming conditions today will be around tomorrow is foolish imo. I'm single so marriage to a citizen gives me more options.
What is the tax rate for the new Malaysian digital nomad visa? I cannot find any information anywhere. Indonesia's new DN visa is zero tax if income sourced from outside the country
I miss my country of origin, Philippines 🇵🇭.
I’m going to apply for dual citizenship as I’m also Canadian citizen. 🇨🇦
Thank you for sharing more information about Asia. ❤
Better off in Asia than North America
🇵🇭 pros and cons please
As an American, I plan on moving to Denmark and getting citizenship there by residency and then marrying a Korean to get Korean citizenship.
Thank You, Andrew!!!
Singapore even though they call it a strict state has low taxes and a hub,, but unless you marry a Singaporean or have millions it is extremely hard to get PR , SO next door JB region of Malaysia could be next bets thing? may be if you do business with Singapore ( except the Corvid shut down) however Malaysian PR is also expensive! Other next door is Batam island of Indonesia ( 45 mns by ferry) but again how do you get a long term residency,
Please make a detailed video about upcoming Nomad Visa for Malaysia. de Rantau Nomad Pass
I’m a believer in the Cambodian dream
What about Hong Kong?
Anywhere less woke has my full attention. Was loading 2x4s at Home Depot tonight in the dark while the car next to me was thumping rap music as the male and female occupants were off around the parking lot adhering Black Lives Matters stickers to the carts, light posts and even the metal cart corral. I want out of here - somewhere normal.
S. Korea and Japan are both very strict and in the case of korea, requires language fluency and army service for citizenship (for men). The birthrates are so low, though, that i think it'll get easier to immigrate
Thailand please
andrew in saudi arabia their premium golden visa is a good idea, but the downside is you have to pay an annual renewal of $100,000.
Many thanks to mention Sarawak Borneo Msia was one of great place to b🍷Cheers Andrew 🍷
Stay away from Vietnam. Their visa system is in total disarray now; it changes more than I change underwear. Even those with TRCs etc are finding them cancelled, rules changed, etc on the cuff. It ain't gonna happen anytime soon :(
Totally agree
Actually not alot of options
What places that are currently not ready do you think you'll be advocating for in 10 years?
I like watching these videos even though I will probably never be able to afford to do any of these lol
I would like to better understand the statement about Thailand for as you put it workers that work for a big company that make over $80,000 a year. Can you point me to a resource on that?
You need to comment on UK cutting taxes and abolishing highest tax bracket! It will definitely put pressure on other countries to lower their taxes as well as attract talent
Great Job inspiring intelligent
Foreigners can purchase property here value at 1m ringgit. No problem.
Any advice on Singapore for retirement, seeing conflicting info
Too small, too expensive :)
@@mikhailfranco that’s not an answer to the question? I’ve been back and fore to SG on business for 22 years.
Some sites say you can buy your way in, others say that’s if you start a business 🤷🏼
I have no issue in paying $x to live somewhere safe (and I know it’s expensive) however do not want to start or have anything to do with business, just want to enjoy a hard earned retirement
@@TheH00kie I live in SG and I'd say it's a no. You can't live here as a foreigner unless you are employed, or a permanent resident. If you are not ethnic Chinese or Malay (or married to a S'porean) there is only a miniscule chance of getting PR approved, and that assumes you have lived, worked and paid tax here for many years with a high salary.
I'd also hate to retire somewhere with this climate, lack of natural beauty and lack of peace and quiet. I'd have said Malaysia or Thailand are far better countries for retirement, but that's a matter of opinion.
@@lukeh3020 ceca agreement is the best
Artist for those paintings please, por favor! 🤗 Appreciate you 💎
Thumbnail Andrew is Dodgson from the original Jurassic Park 🦖
PS - "we got Dodgson here.. see nobody cares" 😆
I would love to live on jeju!
If you acquire Korean citizenship, will you have to serve 18 months on the military cause that’s the only thing that’s holding me back😅
I hope you like wearing ma sks. These people have fallen for the propaganda. There are too many old people, everyone watches and believes the fake evening news, and you have to live on top of each other in apartments that require tens of thousands of dollars in down payments. Plus, your communist neighbor will report you to the leasing office if your dog "looks aggressive". Just stay where you are. These asian countries have gone full communist.
My understanding is no
As an Australian married to a Filipino we have looked at residency long term. You find amongst friends that they have built houses in the Philippines but always have a Plan B by retaining a property in Australia should the situation turn pear shaped in the Philippines. Medical issues are the bottom line with most expats returning to Australia where the medical system looks after them. In the Philippines, the hospitals have two doors, one for people with money and the other which leads outside. Not as rosy as one would hope. I find the Philippines a reality check every time I go, happy to kiss the ground when I get back home to the land of milk and honey.
Malaysian section misses the new DE Rantau visa for DNs.
Vietnam is just making it so hard to start a business and maintain it for solo entrepreneurs. The corporate tax and VAT is already 30% plus you are required to conduct an yearly audit. And you need to invest mon $150k to get a temp resident card, otherwise it's a 1 year visa with no real rights and an unfavourable way to reduce tax to pay yourself or even pay for regional overseas travel, even if it's for work purposes. avoid Vietnam for now
I’d there a site that clearly shows all Asian countries ages of consent. Asking for a friend. He also wants to know prostitution laws for each. Thanks in advance.
I'd love to hear about living in Hong Kong.
Visas are not that easy to get for HK. It's a good place to structure a company.
How about Main-Land China ...how can you do a video about Asia and not talk about China?
Ill stay in Canada thnx L
Great video Andrew. How many days /year can you stay on tourist visas/visa free in Japan, Singapore?
Depends on your passport
You guys don't realize that tourism is dead in these Asian countries. They went absolutely mental over the ma sks and mandates. I haven't seen anyone's face in 3 years in Korea. They will probably require ma sks forever.
@@GrikWorldNomad I have 90 days visa free in both Singapore and Japan. I was wondering if I can stay for 3 3 months in SG then 3 months in Tokyo, repeat for just < 180 days in each of them every 365.
@@GrikWorldNomad Ma sks never made a difference. The entire population of Japan and Korea wear them because they have been hypnotized by the propaganda and are extremely obedient to their rulers in govt. Now their currencies are hyperinflating and tourism is dead. They are done.
@@GrikWorldNomad Masks don't stop virus. Says so right on the box.
You underestimate Vietnam again. It has the highest number of crypto users worldwide, many crypto projects famous worldwide and just build an EV factory of its own cars in your former country USA, yet you only think it's good for starting a shoe factory. You should be more open-minded. Yes you are a proud capitalist but Vietnam is only communistic on paper so you can put more effort to know this country and its potential better
Well the west not very keen with outocratic regime , what you expect??
Someone who live in portugal i have some questions ????
Interested in South Koren & Japan!
Please discuss Malaysia? Is it Sunni Moslem and is it unfriendly to Christians?
Malaysia is a home for muslim buddhist and hinduism.and christian as malaysia consist of these main etnic, malay chinese and indian.
Dont worry, we a muslim majority country but we have a sizeable christian here, xmas is a big celebration too .. in east malaysia ..
They all seem to get along thier surprisingly
Can you do a labuan vs Singapore comparison?
Andrew you're on fire lately! That thumbnail does no justice
Turkey use to have visa entry to Japan but now it shows visa required. Why?
They dont wante Turks in japan anymore
India??
Out of topic but you really look like "Maurizio Gucci" after googling him after I watched the house of Gucci! 😆
It seems like "a group of people" came on the comments trying to sell philippines destination interest. I hope they aren't trying to covert advertise here. Usually you need to pay for the ads to do this. Philippines govt has been super aggressive in social media infultration lately. Much too agressive and its obvious.
Nope. People just like it there. Don't confuse the two. English-speaking and you can stay pretty much indefinitely on tourist visa on arrival only have to leave one day every three years.
south Koreas got the hot babes
WHY NO TALK OF CHINA??🤔🤔
horrific state
@@wandererj4437 Totally Biased.