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Living in Thailand

Living in Thailand

Living in Thailand

The Board of Investment offers investors a competitive package of fiscal and non-tax incentives, as well as a wide range of services before during and after the application process. The combination of incentives and services has enabled Thailand to consistently attract large numbers of investors from around the world.

However, once an investor decides to come to Thailand, what can he expect?

Well, to begin with, living in Bangkok is inexpensive compared with costs in major metropolitan areas around the world, including capital cities in Asia. In its 2015 Expat Experience Report, HSBC ranked Thailand #8 for overall expat experience. Property was ranked the 1st in the ‘experience’ section of the survey.

“Thailand is renowned for its low cost of living. It came out as one of the best destinations for expats looking for an improved lifestyle at a low cost in the 2015 Expat Explorer Survey, with over two-thirds of expats saying they associate Thailand with a higher quality of life and having greater levels of disposable income.

While prices for everyday items are rising, most expats still describe their financial circumstances as comfortable. Grocery shopping is cheap, as are restaurant meals and street food. Clothing, transport and accommodation costs are also low.”

The 2015 Costs of Living Survey, conducted by Mercer HR, showed that Bangkok is still among the cheapest cities in the world, ranking as the 45th most expensive city. This compares favorably to other major Asian cities, such as Hong Kong (2nd most expensive in the world), Singapore (#4), Shanghai (#6), Beijing (#7), Seoul (#8), Tokyo (#11), Yangon, Myanmar (#28) & Osaka (#33).

The combination of affordability and an attractive investment location is hard to beat and for their families, Thailand provides a wide range of international schools and world-class hospitals.

The country has more than 100 international schools, offering classes in English, Japanese, French, German and Chinese, as well as other languages and curricula. Graduates from Thai international schools are accepted at some of the world’s most prestigious institutes of higher learning.

In terms of healthcare, the country has developed an excellent reputation globally, due to its internationally-certified doctors and medical staff, and modern facilities and equipment. It is so good that one of the fastest-rising tourism sectors is medical tourism, with international patients visiting Thailand to take advantage of Thailand's world-class and extremely affordable health care system. Many of Thailand’s private hospitals have achieved international standards of quality and are staffed by physicians with a wide range of specialties.

Moving on to recreation, whatever your sport, Thailand’s got it. From tennis and golf to cricket, rugby union and polo, almost every outdoor sport is available. For example, Thailand is home to more than 100 golf courses, many of which are world-class, having been designed by some of the most prestigious golf course architects and players in the world, including Robert Trent Jones, Jr., Jack Nicklaus, Gary Player and Greg Norman. Several courses, including one at an industrial estate, have hosted events that have attracted the world’s top golfers.

If you’re looking for indoor sports, Thailand has many bowling alleys, snooker halls, and fitness centers, and even a few ice skating rinks. If you’re looking to get wet, Thailand offers almost everything you could want, from world-class scuba diving and snorkeling to sailing, sea kayaking, deep sea fishing, and much, much more.

All that exercise is going to make you hungry, and you’ve come to the right place. Thai food is one of the most popular cuisines in the world, and all around Thailand you can sample the different styles of Thai food, from roadside food stalls to royal Thai cuisine. And, if you want food from your home country, no matter where you are from, it’s a good bet you can find it in Thailand. It’s worth noting that international cuisine is not just in Bangkok.

Due to the large number of Japanese businesses that have invested in Thailand, Japanese cuisine can be found in close proximity to many of Thailand’s world-class industrial estates, and other non-traditional Thai food (e.g. pizza, ice cream, etc.) can be found in almost every city.

However, man does not live by food alone, and if you’re looking to explore the region, Thailand is the perfect place to begin a journey, as it boasts one of the region’s most developed transportation infrastructures.

Thailand’s capital, Bangkok, is home to Suvarnabhumi International Airport, one of the world’s busiest airports, and Don Mueang International Airport, which is home to many low-cost carriers. In 2015, Suvarnabhumi Airport and Don Mueang International Airport handled 525,679 flights. Thailand has 38 airports, including seven international airports, and International services are provided by many carriers, including Thai Airways International Public Co., Ltd. Thai Airways flies to 76 cities in 35 countries throughout the world. Thai Airways is highly regarded because of the quality of food and the efficiency of the flight attendants, and is one of the most popular airlines. It is part of the Star Alliance Network, which is composed of fifteen airlines, providing a network of airlines that covers the whole world.

In addition domestic services are available to all regions of Thailand.

In terms of road transportation, Thailand is home to a vast highway network that connects each region of the country, and through regional integration, Thailand is becoming a hub of regional road transportation.

In terms of rail systems, Thailand’s rail transportation network stretches more than 4,000 kilometers, linking up with Malaysia and onward to Singapore. In the capital of Bangkok, there are two mass transit systems already in place and more under construction.

Lastly, Thailand’s communications network is extensive, with 83.05 million mobile phone subscribers, more than 39.5 million internet users, including 6.4 million broadband subscribers, and an e-commerce market that is forecast to reach a trillion baht in 2016. Those figures are increasing daily, due to the widespread availability of broadband and wi-fi access in all provinces.

Last updated : May 2016
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