How an Expat Can Legally Make Money Living in Thailand
Thailand is a popular destination for expats, and there are many ways to make money legally in the country. However, it is important to be aware of the rules and regulations governing foreign employment in Thailand.
There are two main ways for an expat to legally make money in Thailand:
- Obtaining a work permit: This is the most common way for expats to work in Thailand. To obtain a work permit, you will need to find a Thai employer who is willing to sponsor you for a work permit. The employer will need to apply for the work permit on your behalf, and you will need to provide them with a number of documents, including your passport, visa, and educational qualifications. www.thaiembassy.com Work permit. A work permit will allow you to work legally in Thailand. Be advised there is a long list of jobs that are reserved for Thai people only. Due to this fact, expat work is mainly limited to teaching English. If you are super lucky, getting hired by a western company and being relocated to Thailand is the dream job.
- Starting your own business: This is another way for expats to make money in Thailand. However, there are a number of requirements that you will need to meet in order to start your own business in Thailand. These requirements vary depending on the type of business you want to start. toughnickel.com Starting your own business Thailand. Be advised, every business in Thailand that starts to make money is soon copied by Thai people who will sell the same thing cheaper than you. Starting a business is the easy part. Sustaining the business to make a livable income is near impossible.
If you are not able to obtain a work permit or start your own business, there are a few other ways to make money in Thailand legally. These include:
- Teaching English: There is a high demand for English teachers in Thailand, and this is a great way to make money if you have a teaching qualification. www.gooverseas.com Teaching English Thailand.
- Freelancing: If you have skills in a particular area, such as web design or writing, you can freelance in Thailand. This is a great way to work from anywhere in the world. beafreelanceblogger.com Freelancing Thailand. May or may not be 100% legal. A new LTR Visa is available if you can prove you are earning at least US $80,000 on line.
- Starting a blog or online business: If you have a passion for writing or entrepreneurship, you can start a blog or online business in Thailand. This is a great way to make money if you are creative and have the drive to succeed. www.xero.com Starting a blog or online business Thailand. Once again, may not be 100% legal.
- Many expats have moved to Thailand and started Youtube channels. The consensus seems to be that the market is already saturated and these new Youtubers cannot find enough subscribers to earn enough money to live on.
It is important to note that there are some restrictions on what type of work you can do in Thailand if you are not a Thai citizen. For example, you are not allowed to work as a doctor or lawyer in Thailand without a Thai license.
If you are considering making money in Thailand, it is important to do your research and to understand the rules and regulations governing foreign employment in Thailand. By doing so, you can ensure that you are legally able to work in Thailand and that you are not breaking any laws.
Here are some additional tips for expats looking to make money in Thailand:
- Network with other expats: There are a number of expat groups and forums in Thailand, and these can be a great way to find out about job opportunities and to meet other expats who can offer advice and support.
- Be flexible with your expectations: The job market in Thailand can be competitive, so it is important to be flexible with your expectations. You may not be able to find the perfect job right away, but if you are willing to put in the effort, you will eventually find something that works for you.
- Don’t give up: Making money in Thailand can be challenging, but it is definitely possible. If you are willing to work hard and to persevere, you will eventually be successful.
A main issue of concern with moving to Thailand at a young age is NO one ever thinks about retirement, how much retirement will cost and the staggering cost of health insurance in the elder years.
You might earn enough to survive, however, you will not be saving anything, you won’t have a pension and when you get to retirement age you will have no income to live on.
Better heed this warning above all others!