We talk about Thai passport, when you can be called rich and how you can be considered a millionaire in Thailand
The Permanent Residence Permit allows you to stay in Thailand permanently without the need for a Visa. In addition, it is another step on the way to acquire citizenship and a Thai passport. This is an opportunity that the Thai government offers to only 100 people of each nationality each year.
Thai citizens carry the 66th most powerful passport according to the Henley Index. This means that Thai citizens do not have visa-free access to many countries; to be more specific, they can enter 40 countries without a visa*. However, they can still apply for an eVisa or a visa on arrival in most countries.
How many countries can the Thai passport enter without a visa? As of January 2022, Thai citizens will have visa-free or visa-on-arrival access to 79 countries and territories, ranking the Thai passport 72nd in terms of freedom of travel according to the Henley Passport Index. Thailand is also a part of ASEAN and has visa-free access to these countries and vice versa.
The Thai passport is currently ranked 67th according to the Guide Passport Ranking Index. It offers visa-free access to 80 countries. This grants him an overall average mobility score.
The cost of the Thai passport The ordinary passport is 1,000 or 1,500 Thai baht. The official passport is 1,000 baht which can be claimed after presenting the receipt. The diplomatic passport is free. The Hajj passport is 400 baht.
Becoming a citizen of Thailand is a long and difficult process. Before even applying for citizenship, you need to be a permanent resident in Thailand for 5 years living there permanently (which includes 3 years of owning a business in Thailand or working for a Thai company).
If your monthly expenditure is 30,000 baht (360,000 per year) then it will be three times more compared to the first investment which is 9 million baht (9,000,000 b. x 4% per year = 360,000 b. per year) to be rich enough.
How much money do you need to live comfortably in Thailand? You should plan to live in Thailand with a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark. This will allow you to live comfortably without breaking the bank. You could potentially live much cheaper, up to $1,000 a month, but you’d probably have a hard time.
A millionaire is defined as someone who owns a million US dollars or more, as known as high net worth individuals. Figures have been rounded.
| World ranking | Given name | Net worth (USD) |
|---|---|---|
| 98 | Dhanin Chearavanont | 20.6 billion |
| 156 | Charoen Sirivadhanabhakdi | 13.5 billion |
| 264 | Sarath Ratanavadi | 8.9 billion |
| 502 | Sumet Jiaravanon | 5.5 billion |
The Thai middle class is currently emerging, and it is expected that about 13 percent of households will earn at least 525 thousand Thai Baht by 2020.
A reasonable quality house to be built in Thailand by a proper contractor with proper supervision would be 30,000-40,000 Baht per sqm. Luxury starts at around 40,000 Baht per square metre.
Can you build a house in Thailand? Can foreigners buy or own a house in Thailand? Yes. Foreigners can own a house, but only the building itself, not the land it stands on.
It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built on it. One only has to apply for a building permit to build the house in his name. The next step is to thoroughly familiarize yourself with the process of buying real estate in Thailand.
| Mortgage interest rate in percentage (%) | % |
|---|---|
| Mortgage interest rate in percentage (%), annual, for 20 years fixed rate | 5.24 |
List of Cons of Living in Thailand
What are the dangers of living in Thailand? There is no denying that there are serious security problems in Thailand. These include human trafficking, drug trafficking, corruption and violence against women. However, Thailand is ranked as one of the safest countries in Southeast Asia and violent crimes against visitors are rare.
Expats appreciate Thailand’s climate and low cost of living, making it an incredibly popular destination to start a new life, especially for retirees. Accommodation is affordable and modern. Public transport and communication infrastructure are good. And you will enjoy a comfortable lifestyle in an exotic environment.
The tourist visa must generally be used within 90 days from the date of issue and allows an initial stay of 60 days. After arrival in Thailand, a tourist visa can be extended at the discretion of an immigration officer once for an additional 30 days with the total period of stay not exceeding 90 days.
Can I stay in Thailand for 12 months? Travelers will be allowed to stay in Thailand for a period of no more than 12 months. On November 22, 2016, the Council of Thailand approved a new scheme that allows nationals of 14 countries to stay in Thailand for a maximum period of 10 years.
When moving to Thailand, you need to obtain a visa – a requirement under the Thai Immigration Law. Most people who move to Thailand do so on a tourist visa (valid for 60 days) or a non-immigrant visa which is initially valid for 90 days and which then needs to be extended by Thai immigration.
The Multiple Entry Tourist Visa will be valid for 6 months from the date of issue. You must enter Thailand within the validity of the visa. Travelers with this type of visa will be allowed to stay in Thailand for no more than 60 days for each entry within the period of 6 months from the date of arrival in Thailand.
American passport holders are subject to the visa waiver program, which means that American citizens can travel to Thailand without a visa for up to 30 days. However, if your planned trip exceeds 30 days (like mine), you must apply for a Thai Tourist Visa (TR).
How much does a condo in Thailand cost? Level Price per m² Middle Range ฿70,000…
Is Thailand good for property investment? Thailand is the number one tourist destination in Asia.…
How much does it cost to build a house in Thailand? A house of reasonable…
How many American live in Thailand? Hundreds of thousands of foreigners live in Thailand and…
Can you carry a knife in Thailand? Carrying a knife is one thing (if not…