Comparing Thailand vs. Cambodia Golden Visas
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Cambodia is an amazing country to visit. While it may be one of the poorest countries in the world, Cambodia offers an interesting proposition to those who know to look for it.
So, what exactly does it offer? An intriguing frontier market with a lot of potential. Ideal for young entrepreneurs and savvy foreign investors looking for an up-and-coming place to start investing.
For years, with its warm climate, inexpensive cost of living, and laidback lifestyle in Thailand have attracted tourists and expats from around the world for both short-term and long-term stays.
Some of the world’s most beautiful beaches are located in the south of the country. From the bustling seaside resorts of Koh Samui and Pattaya to the more tranquil islands of Phi Phi and Lanta, there is something for everyone who dreams of retirement in the tropics.
Which one has the best golden visa for you? In this video, Andrew will answer.
00:00 Start
0:28 Living in Asia
1:12 New Residence by Investment Program
4:20 How to Move to Thailand
4:35 Living in Cambodia
7:58 Living in Malaysia
8:23 Cambodian Citizenship
11:04 Buying Land in Asia
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Wow, I was in Cambodia in 1999 and I don't remember any building taller than 4 or 5 stories. A local wanted me to invest in a hotel with him but I was young and had no money. Would have been cool to see that country transform over the past 20 years. Interested to see what the next 20 years brings. Awesome people. Looks like I have to go back and maybe stay a while.
The 'E' visa for Cambodia is officially known as an "Ordinary" visa. $35 at all border crossings & airports on arrival.
Cambodia wins for me due to the significantly higher interest rates & no exchange risk if you hold US$.
What wasn't mentioned: The tax rate for a non-resident is 14% on interest but only 6% for residents. My banks only checked in the first year after I had moved here, if I had been staying for at least 183 days and then you qualify. Now, I come & go as I please.
There are way more differences between the two countries than development ( i.e. how many malls are there?). I for one, prefer the people in Cambodia plenty more.
I have bought & sold land here since 2014, there's ways around the laws, obviously. I will continue to pay my annual visa fee and enjoy what I have. The CM2H is aimed at multi-million $ business people, not at retirees.
Thanks for this insider info. I'm currently in Indonesia. Absolutely love this country (IMO the best in SEA), but it's exceedingly difficult to stay and do business here, even with local help. Cambodia has always been one of my favorite SEA countries, and it seems a lot more open for foreigners. Appreciate the info!
Do you mind me asking how you bought land there as a foreigner?
How much interest do Cambodian banks pay?
Very good point, plus for Americans US Dollar is ideal.
pls advise how to buy real estste in cambodia.. i thought only malaysia allowed foreigners to buy.. you put it in local girls name?
Thanks for sharing your time with us bro
2 Canadians living in Mexico Yucatan peninsula sending you support cheers ✌️🥂🥰🙏
I Love The Title
This comparison is a good one. You should do more comparisons of countries in particular regions.
Appreciate the mention. These are two countries with very different programs.
Always love my birth country Cambodia 🇰🇭 even I left Cambodia after the war in 1979 to Thailand and in 1983 i immigrated to Montreal Quebec Canada 🇨🇦 now i live in Toronto Canada but I still love Cambodia thanks for your video take care bye from milton Ontario Canada 🇨🇦
canada is china now and trudeau told you so get outta there
Something thats on my mind often. Geographically locked for now, but the concept is incredible.
thank you 🍀
I came to Cambodia same time as you first did Andrew; you did a nice job of explaining the options available without saying too much- over promising. If you want to live predominantly in Cambodia and choose to invest or work here, there are many "local" options.
The "passport" thing is tough, but my hope is Cambodia will officially offer citizenship for a reasonable "stand alone" fee after 5 yrs residency....It would be a nice incentive (by the Cambodian govt.) for those ex-pats trying to choose between Thai and Khmer cultures. We will see what happens.
A dynamite three passport combination, USA., St Lucia, Cambodia may offer great overall protection in the coming storm.
If things break the way my friends think they might...you can always drop the USA. 😃😃😃😃
Great job on the vids ...appreciate your communication skills so much.
Thanks for this info. I'm currently in Indonesia and it's without doubt my favorite country in SEA, but it's very difficult to stay and do business here without being married to a local (very strange rule!).
Anyway, Cambodia is also a beautiful country with great people so i will check out moving there. Their policy seems more open. Thanks!
Cambodia way too much Corruption, check out "Global Witness" on greed corruption in Cam!
If you want to live in a country I’d recommend learning its language, especially if you want to be its citizen.
To play devils advocate, there are a lot of people who come to America, live in ethnic enclaves and don't bother to learn English.
Good luck learning an Asian language, you need to learn a new alphabet first.
The thing is that the cost vs benefit calculation is way off compared to other languages, like Spanish.
Few people will converse with you in Thai/Khmer.
Many topics are taboo - especially in Thailand.
You will use it wrong & make mistakes (in case of Thailand, potentially serious faux-pas).
Finally, when you're older it's plenty harder to learn a new language.
Basic Thai isn't hard to learn but to reach intermediary & up with reading & writing is a mouthful.
@@spinalcrackerbox True, if I were in Japan or China I would be more inclined to put in the effort.
@@robinsattahip2376 Khmer is very complex for learning. 74 alphabet characters for starters. It is world's longest alphabet.
Even locals are struggling with it. And here lots of people speak English, almost everyone in the cities.
There appears to be many unknowns at present, ownership of land has technically been available on the Amnity agreement with USA, however, not one single Rai of land has actually been purchased!!! Just a heads up warning
I learned to speak and read Thai on my own (yes I’m amazing 😂). That was hard enough. But just looking at the Khmer alphabet is terrifying
👏Congrats on thai, I'm learning and it's pretty tragic! 🤣
I can't read my license plates.
@@AriesQfactor Best wishes to you. I easily learned Spanish but not Thai.
The thai alphabet is based on the khmer, so its similar :')
Thai using Khmer numbere
Dont think land ownership is finalized quite yet in thailand.
Its being talked about though
I'm hoping Vietnam will come out with some kind of options for long-term residency. Right now there's not much besides business visas and marriage?
highly unlikely. they follow china's lead, and see the problems in places like thailand.
that's a good thing. otherwise poor pensioners, sexpats, and other corrosive detritus would flood the country.
@@donkediq7442 Well it's bad for me lol!
Have 5 year elite visa, is amazing
I didn't hear anything about the retirement visa's comparison! 🤔 Did I miss something?
Great Job 👍 Detroit Professional
Thanks 👍
You can get legal "retirement" residence in Thailand with only an 800,000 Baht Thai bank deposit which at the current exchange rate is only about $22,000. The money is yours, it's in a Thai bank in your name and you can withdraw it when you leave (though they pay zero interest to foreigners). You just have to prove you have it. You must be 50 years old and there is a health insurance requirement. There is absolutely no reason to buy one of the more expensive visas they now offer. Thailand has an agreement with the USA that if you've paid American taxes (declared it on your return) the money you bring into Thailand is not taxed. I live through ATM withdrawals from my American bank and keep an extra $20,000 on top of the requirement in a Thai bank for a medical emergency You're not allowed to work or visibly run a business with a retirement visa, but you can work quietly online.
Cambodia is a little primitive. Thailand is developed enough that you have decent law enforcement protection and they will immediately send an ambulance in an emergency. They also have a good public hospital system, and while they charge foreigners they're great in an emergency. One of the bad parts here is double pricing, cheaper prices for Thais, especially in the for-profit private hospitals.
Southeast Asian languages are nearly impossible to learn, unless you are good at language don't plan on becoming bilingual.
Be aware of the big difference between a professional well-trained paramedic as in most of the US and an ambulance driver such as they have here. To put it bluntly, if you have a heart attack in the US you are much more likely to survive with a trained paramedic response than you are here being thrown in the back of a pickup truck with "Ambulance" written on it a driven to the nearest hospital. There is therefore some risk living here. All Thai doctors and dentists I've used have been competent and all educated people here speak at least minimal English. Stay away from Pattaya unless you're a sex addict, it really is a horrible place. Based on 17 years in Thailand.
Hi there Robin Sattahip.
I am from the U.S. and I love Thailand. Exactly how do you get the required amount of $22,000 or so from your bank account in the U.S. to a Thai bank?
@@bettyjunemann3660 Bangkok Bank, Krung Thai Bank and Kasikorn Thai banks all have a single branch in the USA, or you can bring the money here and open an account. You'll need to visit the Thai Embassy in your country to get the initial visa then visit Immigration here to extend it to a 1 year retirement extension. You keep the same visa and extend it annually. The embassy can probably tell you the best way. Transferring money internationally now is a nightmare because of the money laundering and anti terrorism laws. I had to get my brother to do the transfer for me because I could not arrange it from here. Get the initial this O or O-A visa in your home country before coming to Thailand. Each year you'll need to get a letter from the local bank branch here verifying the money is still on deposit, that part is easy. Good luck to you.
Hi Robin, does this retirement residence visa have a name? Cheers Paul
@@bettyjunemann3660 I was able to transfer directly from my bank to a Thai bank using an international money transfer.
But on the new 10-year Thai visa you can work, regardless of age. Especially with education and minimum salary requirements. If you want to retire, you can retire. Not the same objective. Marry your Thai lady and go down to 400000 THB in the bank. Ko chai mai krub? 😂
Asia seems fascinating. Too bad I don't like hot and humid weather (spent most of my life in the Deep South USA).
May I ask a reputable and "safe" bank to bank with. Much appreciate hints.
Hi, we recommend checking out this article: nomadcapitalist.com/finance/offshore/best-offshore-banks/
1600 meters? Or square meters?
The talk about foreigners be able to own a house with 1 rai of land never materialized. But I agree the future looks bright for SE Asian countries.
Cambodia is the better bet; as there are never ending, political troubles in Thailand, including a much weakened monarchy.
yeah... Cambodia has some messed up stuff going on as well
oh, did u know Cambodia's a Chinese colony as well?
@@iolohammer With many casinos, along border.
@@iolohammer and as well human trafficking and kidnapping of Chinese in Cambodia making headlines in Asia. Watch out
@@expansionproz5314 they NEVER mess with Westerners. It's too much trouble. You are more likely to be kidnapped in London than in Cambodia
@@iolohammer not really. Only Sihanoukville really. And due to crackdowns on passports in China the Chinese population there is dropping fast.
Okay, getting serious. Just came back from Thailand and loved it there (yeah less the oppressive humidity). Now I need to understand more than ever how to make my money go further in Thailand. How to invest into and support self and county and not be a 7 figure entrepreneur. Been watching Nomad Capitalist for a couple of years now, seems like I just fall short of good opportunities.
Is there ANY reference in how to invest in Thailand and not have 7 figures to work with?
Understandably, you're fresh out of being a tourist in Southeast Asia and see the clear opportunities here.
However, it's best to explore the region a bit more. As enthralling as Thailand as, it does get even better. You'll find superior opportunities in places like Vietnam, Cambodia, the Philippines, and Indonesia.
@@InvestAsian thank you, I will take this advise seriously and open my scope/eyes to greater Southeast Asia! 👍
Bust your arse off back home, work for a decade live as cheaply as possible and save as much as possible and play the stock market. You need big money for all of these visas.
@@nomadic-mind check, check, check and check! 👍
Thx Andrew, please do a Philippines vid.
they will never have a visa program and they are not foreign business friendly
I love Filipinos but no way I'm living in the Phillipines.
I would like to seen an updated video about that country.
Too poor dirty crowded loud expensive dangerous poverty beggars bad food
@@WelcomeHome76 agree
Really like Filipinos but....
Better to just compare thailand vs cambodia for higher quality of living. Easy answer if you spend a few hours in each country. Spoiler it's thailand, no question. Unless your primary love is drugs. With thailand making weed legal, there is no reason to visit cambodia other than to stock up once a year on kampot pepper.
Thailand should let foriegners buy land as long as you use it as your main residence and live there > 6 months in a year.
I understand Thailand doesn't want an influx of foriegn speculative buying creating a housing bubble and raising prices for locals, but the current law is too prohibitive.
Especially in rural areas, this could provide much wanted FDI in the otherwise undeveloped regions if the country allows foriegners to buy, settle and work towards citizenship.
No, majority of local will be priced out and can’t own land in their own country when richer foreigners come with their stronger currency.
So the price can sky rocket and screw up the locals? LOL NO!
Cambodia has THE best immigration and visa rules around, without this though their foreigner stays would fall off massively. If Thailand had something similar I think the rest of S.E.A would fold in a heartbeat.
The problem with living in Cambodia is that under Cambodian Tax Law, any income you earn anywhere in the world is subject to tax in Cambodia !! This is not the case in Thailand !!
@@roderick2105 wow ! and THX ofr the heads-up... That is HUGE
Latin America they Called "MANILA" is CyberPunk City in Asia ,
Many Glassy Buildings And Stunning views,.
Nomad Capitalist: If one can prove their French Nobility history going back 100's of years, is it possible to obtain a French passport (Currently a US Citizen Only), and is it worth the time and money to get one?????
Cambodia 🇰🇭 is best especially seeing that their labor force is extremely efficient and cheaper than Thailand..so if you are manufacturing anything from books to micro chips they are disciplined & better work environment which is why workers are leaving Thailand to work there.
Where is Thailand in this video ????!!!
He is not a big fan of my country..
@@siam-estate Don't blame him...
@@siam-estate i am of the country and some peoples
Re-subscribed to this channel as now seriously thinking about getting out of Western Europe. Everyone can see there is a big storm coming and it doesn’t look like there will be anywhere to hide.
Cambodia is just becoming a kinder and kinder country for foreigners to come to work and retire! Thailand makes it easy and FREE for 30 day tourists, but Cambodia makes it the best for calling Cambodia home!
I was surprised that Chinese who have come in with their purchasing power, has made prices in Cambodia higher. That I consider as no benefit for retirees.
Cambodia sounds interesting, until Thailand completely does away with 90-day reporting I wouldn't plan on investing much into that country.
90 days report take me like 1 minute to do on elite visa onlin. You just log in the app and its already everything there you only need to confirm.
Only the first time took like 5minutes
Only a big deal if you're not actually in the country.
@@fredflinstone4607 Planting a flag in Thailand is a foundation based on sand.
Thai reporting is done online now. No more visits to Immigration.
Cambodia for price goes without say. Thailand costs the same as Europe unless your outside a tourist area. On top of that the national parks charge 10 times more than a Thai person. If you got the motivation go to Cambodia as soon after landing in Bangkok as possible.
thailand has allowed usa citizens to own land for a while now. it's the only nationality permitted (aside from Thai of course).
amusing to hear someone say they're "non judgmental". right. the indian/arab's treated the same as the italian/brit.
Thailand tried to get that land ownership through before and it got knocked back, nothing will change, there always flip flopping on their ideas.
Bussiness visa on arrival straight forward no questions $35 for 30 days. Very easy to extend that visa for 12 months for a cost of about $300 at many travel agents.
I think the crux of it is, you'll be ripped off in Cambodia. The 100k will be an apartment at a on inflated price
Sorry, quite some wrong information in this video - do your own research, people!
I have lived in both Thailand and Cambodia. I agree it is not for US IMHO. Mexico is the up and coming country. Cambodia and Thailand are facing some difficult times ahead. Mexico showing 45K or 170K for permanent residency is much better. It is an up and coming developing nation and will be number one for years to come. I would hate to know I had to invest large sums of money to secure a visa..
Human trafficking is a serious problem in Cambodia.
only in the news.
@@Modern_CarWorld better be careful than be sorry.
Business visa Cambodia
🇱🇰
Malaysia is paradise compered to these countries. Malaysia welcomes all people.
but its muslim majority. Very soon it will look like afghanistaan.
ahaha what? Malaysia just arrested two Thai citizens at the border simply for having THC in their blood 🩸… because they smoked marijuana in Thailand where it’s now legal to do so. No thanks to draconian laws and Muslim influence.
My gay Chinese Malaysian friends find more freedom and welcoming in Thailand.
Didn't they change their mm2h program?
Such a boring country though
Scambodia
🤣🤣
That's India's nickname