Retiring abroad is becoming increasingly popular, with more people seeking a better lifestyle or new experiences in other countries. While some prefer European countries like Spain or Portugal, Southeast Asia, particularly Thailand, is gaining attention as an ideal retirement spot .
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According to Global Citizen Solutions (GCS), Thailand ranks first in the region and 16th globally for retirement. The rankings are based on quality of life, economics, and integration. Thailand ranked second for economics and seventh for quality of life. In comparison, living in Bangkok is significantly cheaper than in New York City. Consumer prices in New York are 149% higher, and rent is over 500% more expensive.
Thailand also offers top-tier health care . It has 62 hospitals accredited by the Joint Commission International (JCI), the fourth-most in the world. Medical procedures are affordable, and retirees have access to excellent care at a fraction of Western prices.
To retire in Thailand, applicants for a non-immigrant visa “O-A” need proof of health insurance with coverage of $100,000. This visa is popular among retirees aged 50 or older.
Thailand’s low cost of living is another benefit. Retirees can enjoy a comfortable lifestyle while stretching their pensions. The country’s tax regime also exempts foreign-sourced income from local taxation, making it appealing for retirees receiving pensions from abroad.
The country’s stunning beaches, vibrant culture, and warm weather are also big draws. Thailand’s rich cultural heritage offers plenty of opportunities for retirees to explore and relax.
Despite its advantages, Thailand scored lower in English proficiency and migrant acceptance. Its security ranking is mid-range, coming in at 92nd out of 163 countries on the Global Peace Index.
You can find the full list of top retirement destinations on globalcitizensolutions.com .
Thailand is a beautiful country with picturesque destinations worth exploring. While vacationing in the country, consider driving in Thailand to see its wonders. You can embark on a Phuket road trip or go on a Chiang Mai adventure .
