Nine Reasons for Rich People to Live in Southeast Asia

[@nomadcapitalist]

Interested in a first-person look at life in Southeast Asia? Our latest Live Like a King episode showcases luxury living in one of the best value cities in the world-Kuala Lumpur, Malaysia: kzbin.info/www/bejne/nnjZmH1ne76Iors

[@Gdftgu]

We love malaysia and thailand ❤

[@helena20000]

❤❤❤ Malaysia 🇲🇾 ❣️

[@kwhatten]

I love Malaysia. Now, I'm going to use this video to ask: given the political turmoil in Georgia, do you still recommend it for expatriate Westerners?

[@helena20000]

@@kwhatten Which "Georgia" btw...?

[@JohnSmith-sm7ez]

Overall crime stats are ridiculous. As if a rich American needs to be concerned about ghetto violence , which is 80% of all crimes. All wealthy areas are very safe, everywhere.

[@windit5877]

I moved from germany to the philippines 9 years ago at the age of 30. Started a business. Best decision of my life when i see whats happening to germany now. Not going back.

[@jsilvrph]

Thanks for visiting and choosing the Philippines as your new home!

[@armyguynyc1]

I'm a retired US Army officer. I get all of my medical care in Bangkok. Its absolutely the best medical care I've ever received.

[@Gdftgu]

Penang kl and malacca also great tho

[@TheLegoBoy528]

Does Tricare pay for your medical care in Thailand or you pay out of pocket?

[@SethAbid-jp5lf]

Merica has enhanced intetest in neighbouring countries of China for example taiwan, hongkong, philipines because you have to cause war somewhere colse to China, just like you did in Ukraine to destabilize Russia

[@susiebear3316]

​@SethAbid-jp5lf Exactly 💯 👏🏾 I am ready to move. I don't want people knowing that I am an American citizen either. unfortunately, they will!

[@sugarbear1225]

Just watch out for the lady boys and you should be good😊

[@Henry-ve3ye]

Malaysia is great country. People are so friendly in Malaysia and the country provide great quality of Healthcare.

[@simonhill6267]

It's just so.....boring

[@therealnguyen6928]

​@@simonhill6267Thailand has excellent health care too. Much less boring 😊

[@JackieTravels_]

I moved to SEA last year. Best decision I have ever made. It meets my needs completely.

[@helena20000]

@@JackieTravels_ Which SEA country...?

[@JackieTravels_]

@@helena20000 the Philippines

[@jsilvrph]

@@JackieTravels_ Thanks for choosing our country! If you have any questions about living here (and especially about hiring freelancers and employees here), I'm happy to help.

[@montakute1328]

Moved self & business to SEA thirty years ago - Singapore and Malaysia. But PH today is the outcast of ASEAN, sadly. Unwelcome here. China, which 75.1% of ppl in ASEAN prefer over US per this summer's huge study by ISEANIS in SG, will fix the PH problem soon. Boom.

[@montakute1328]

Why PH try to take Borneo land from My and Indo. Hmm. Not very wise IMHO

[@mustafabaris9681]

I am from Ankara, Turkey and I lived in Shenzhen, China for 14 years. During these years I extensively travelled throughout Southeast Asia and I approve this message .. 😊😊

[@simpleman5541]

Do you work there? My understanding is it's hard to obtain long term visa or permanent residency

[@nomorenews]

How good and affordable healthcare is in Ankara?

[@quinnrivera5075]

Spent 8 months in Thailand. Made visa runs to Malaysia. Ran out of time in Thailand and spent a month in Cambodia. Loved all of it. Lived very well in all 3 places. I’m blue collar. Living on savings until I can get my pensions from union jobs in the US. Felt safer than I did living in Chicago and Los Angeles my whole life. Went to Prince Court in Kuala Lumpur for the executive health screening. Cost $350. Was extensive and thorough. Lost 40 pounds on my travels. It was all the food. Not eating processed poison from the US. The people are very kind . Beautiful women. If you give respect there they will meet you more than half way. In the US now trying to cut cords and button things up. I see my future in SE Asia. Can’t beat the value. Just spent 6 weeks in Guadalajara , Mexico. Loved it. Love Mexican food. But all things considered there is more value , at least for a blue collar guy in SE Asia.

[@nickflintoff8077]

Andrew is spot on here imo, SEA is a fantastic part of the world to travel and to live. Obviously I will leave the investment side of things to others with more expertise than I. As for Malaysia, I travel a lot and I don’t think I’ve met any more kind, friendly and hospitable people anywhere in the world.

[@nomadcapitalist]

Thank you for the compliment and for sharing your thoughts!

[@helena20000]

@@nickflintoff8077 True That about Malaysia ❤️🇲🇾❣️

[@helena20000]

@@nomadcapitalist Thank You Andrew for doing all that you do🤗❣️

[@jsilvrph]

" I don’t think I’ve met any more kind, friendly and hospitable people anywhere in the world." - visit other SEA countries, including ours, the Philippines! You might change your mind ;)

[@wanderingdoc5075]

I would say the Philippines probably has the kindest, however Malaysia is better quality everything else.

[@iamjordonbarnett]

Been in SE Asia for years. Best place in the world.

[@jsilvrph]

Thanks! Hope you've been to and enjoyed the Philippines too!

[@tomoconnell2858]

We usually split our time 3 months in SEA, 9 months in Florida including a couple cruises. Life is good.

[@jsilvrph]

Hope your future cruise will be in SEA, including our country, the Philippines!

[@CommandoMaster]

Florida is over rated and overpriced lol

[@genestone4951]

@@CommandoMaster So is cruising! I'd recommend a REAL cruise, Halong Bay, 5-6 berths boat, personal chef, etc. I can't imagine these ridiculous cruise ships with casinos and shopping malls..Why on earth? LOL

[@CommandoMaster]

@@genestone4951 Cruise are boring, and get annoying real fast when ur stuck in the same place with a bunch of obnoxious tourists, and doing the same activities.

[@kayflip2233]

Yeah, I am from NY and split my time between NYC/London/Bangkok and couldn't be happier.

[@severepizzaaddiction4869]

we need more nomad dad videos, him and vusi were great in the last video!

[@nomadcapitalist]

Thank you very much for the compliment! We're glad you enjoyed the video!

[@NathanielOjcius]

I work seasonally in the states. 8 months here, 4 months a year in SE Asia. I think about the food every single day.

[@pAuL-nb2ud]

I have my ticket 🎟️ ✈️ for Cambodia 🇰🇭 in January!!! Very excited to check it out!! Of course that is after I spend a couple weeks in Hong Kong 🇭🇰!!! My second home 🏡

[@cryptolatino9220]

Wow, I'm so happy for the modernization that has been taking place in Cambodia. Shout out from Ibague!

[@LunaDoan-h4u]

Thanks to China

[@genestone4951]

@@LunaDoan-h4u Indeed. Same phenomenon going on in Vietnam, Laos...

[@kriskravt3428]

There are all types of weather in SEA. For example in Vietnam you can also get eternal spring ( Da Lat ) , even mild winter in Hanoi and snow in Sapa and hot weather all year long in Saigon

[@aaronadam4747]

Da Lat type of weather can be found in Cameron Highlands (Malaysia), Baguio (Philippines) and Mae Hong Son (Thailand)

[@youngraymond9293]

@@aaronadam4747 higher elevation, or why eternal spring weather?

[@studio_asia]

I've been for over two decades in Taiwan, but am planning to retire in SEA Can't wait for this moment I move there

[@VivreEnMalaisie]

Thailand is amazing Malaysia also

[@decTac]

Malaysia is the best choice in the SEA, it is unique, diverse, the weather is nice and no disasters like typhoons, volcano eruptions, earthquakes, tsunamis and are also the cheapest petrol price, strategic location...

[@aaronadam4747]

Only there is floods and landslides

[@jami7772]

I was thinking of MM2H but now i'm worried about the proposed 'mufti bill' which may change the social dynamics if it goes through and the power it has should it go through.

[@decTac]

@@aaronadam4747 same thing happened to other SEA countries, but not all the time and all the places in Malaysia..

[@decTac]

@@jami7772 I think you better ask those people who had already done it.. please refer to Mr Andrew Taylor and Mr Andrew Henderson for more information..

[@genestone4951]

@@aaronadam4747 Malaysia is literally the only place in the world with flooding and landslides.

[@sakurasan4324]

.I can't wait to book my ticket to Cambodia especially i really want to see Angkor wat temple in person. It's definitely breathtaking. I've seen on KZbin. Thanks Andrew for sharing this information 👍

[@nomadcapitalist]

Thanks for watching!

[@MMPlaneSpotting-su3ns]

Recently moved to Phnom Penh, Cambodia. Loving every minute of it.

[@helena20000]

@@MMPlaneSpotting-su3ns How's Cambodia's political environment these days?

[@MMPlaneSpotting-su3ns]

@@helena20000 I would assume it's the same as it has been for the last 30 years. Has zero bearing on my life. A lot less politically charged than the USA.

[@jsilvrph]

Check out the Philippines too!

[@cmeds1993]

@@helena20000 When you leave the west you will quickly realize every person isn''t constantly worried about the "political environment". Cambodia has been stable for 30+ years with 0 recessions, is it for everybody? No. But there is an entire list of pros and cons that don't include anything about politics.

[@martypoll]

@@helena20000 The only political things expats need to pay attention to are immigration policies

[@aem870]

I have seen protests in Spain, locals complaining about tourists because they’ve caused increases in prices. People leave the West for better cost of living, hopefully they don’t take the inflation where they go.

[@jsilvrph]

Inflation has affected a lot of countries. Unfortunately, expats/migrants do drive up prices like real estate.

[@davidpark2509]

Honestly they need to do the same in japan and other asian countries

[@SweetCandy-x4j]

They already have

[@thiefoftomorrow]

Spain’s issue is a housing problem created by the government especially in Barcelona … the tourist angle is a distraction

[@SaidOsman-x5t]

Tq.You always mentioned the greats of Malaysia in your videos.

[@nomadcapitalist]

Our new Live Like a King Kuala Lumpur episode premieres on October 31st.

[@decTac]

Malaysia is the best

[@diegocorrea1491]

Excellent video but Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@Escape_The_Mundane]

I hope all of you guys become rich one day!!! 😃😃😃

[@ReducedEvasiveDetach]

yey philippines finally mentioned hehe. it's worth noting the countries in APAC that have territorial taxation laws. Might not be huge for the multi billionaires out there but any nomads that are trying to go somewhere where they can get treated the best, it's an option for sure.

[@jsilvrph]

Pinoy? Yes, foreigners benefit from territorial taxation in the Philippines.

[@ReducedEvasiveDetach]

@@jsilvrph true, only works for foreigners not pinoys

[@genestone4951]

There are very good reasons why the Phils is consistently ranked lower in various polls. I think we all know why. If those things matter, then best be somewhere else. If they aren't important to you then Phils is fine (Philippines cuisine being one obvious example). Phils food is like if a 5 year old got access to a commercial kitchen.;..just saying.

[@ReducedEvasiveDetach]

@@genestone4951 jesus xD

[@mrslcom]

Much of Asia and SE Asia are wealth driven. If you have a certain level of wealth, you’ll be treated royally and enjoy some of the finest things in life. If you are middle class, you can still live very comfortably in these developing countries.

[@Mikamichae]

What level of wealth?

[@mrslcom]

Decent 6-figure annual income.

[@Mikamichae]

@@mrslcom so like 10k month

[@mrslcom]

Wealth disparity is huge in Asia. Your lifestyle will be dependent upon your income level.

[@Mikamichae]

@@mrslcom I know that

[@ramonbril]

I'm a botanist specializing in scientific expeditions. Right now I work and live in southern Italy, but my dream is to take people who have their lives set up comfortably in southern Asia on semi-serious expeditions into the tropical forests of south east Asia (eastern Indonesia and Borneo) for a week or two, which is the most magical trip a human can make, I believe. There are many, many locations where few non-native humans have been, full of the most epic discoveries. South east Asia, nature wise, is just #1 for me, although tropical and southern Africa can also be epic.

[@whybotherha1021]

Go to sabah / sarawak

[@jsilvrph]

We could probably make that dream happen. Let's explore the possibility! Also, hope you'd check out the forests here in the Philippines too!

[@amistradd5392]

Maliau Basin and Wallace Line is the first thing that comes to my mind when talking about Borneo.

[@tinglestingles]

@@whybotherha1021 Sarawak in wonderful!

[@globalretirementus]

As an American exploring options for retirement, this video on Southeast Asia was really informative! I’d love to hear more about the practical side of relocating-like healthcare quality, visa options for long-term stays, and any tax benefits available for U.S. citizens living abroad. Are there also specific areas in Southeast Asia that are especially welcoming to foreign retirees? Thank you for the insights, and looking forward to more details on these topics!

[@TheRocket212]

Thank you for the breakdown. Enjoy !

[@bengmelea8646]

I have lived and worked in Bangkok for 32 years as an expat. What I have noticed that wealthy Cambodian and Lao nationals will travel to Thailand for, what they consider, better health care. Has this changed in the past 2 or 3 years?

[@peterRobinson10101]

No. I reside in Cambodia. The general medical assistance as far a testing and scans ie MRI etc has improved leaps and bounds... however if I wanted anything done seriously including esthetic or dental I go to Thailand. I also have airlift insurance (I don't know how effective that is lol but it makes me feel better anyway)

[@bengmelea8646]

@@peterRobinson10101 With regards to travel insurance make sure that your coverage includes while you are in the air and possibly not within the airspace of any particular country. Why? Well a lawyer told me that a daughter and her mother were travelling from the USA to some South Pacific Island (not within the USA). The mother had an medical emergency midair when the plane was not over any country. The pilot then had to decide whether to return to the USA or continue onwards to the destination. The plane was a bit closer to their destination but the pilot determined the health care in the USA would be better. The pilot turned the plane back along with the 200+ other passengers on the plane! The mother survived but when it came to claim her travel insurance, which was a sizeable sum, she was told she was not covered where the incident happened!

[@vwchan841]

Thanks to you, Andrew, I plan to spend half the year in the San Francisco/Bay Area and the other half in my full seaview condo in Penang, Malaysia. Life sucks!!!! LOL

[@genestone4951]

Penang is pretty great.

[@Jets228]

Been in SE Asia for two years now. Everything about it is SO much better than North America!

[@jsilvrph]

Thanks! Hope you've been to and enjoyed the Philippines too!

[@Mikamichae]

I think the only downside is the humidity

[@jsilvrph]

@@Mikamichae there are certain places/provinces in Asia where the weather is much cooler. In the Philippines, we have Tagaytay and nearby towns/municipalities, Baguio and nearby areas, and many places in Mindanao as well, to name a few.

[@Gdftgu]

Cool malaysian pm Ibrahim 👏🏻👏🏻👏🏻

[@lees7340]

Ibrahim is his father. 😂 Just pulling your legs, the Malay name goes by First name + Father’s name.

[@ruiqianren9405]

So much happier in Bangkok than in Chicago

[@herbigp]

Got my retirement Visa in the Philippines last year. Very cheap and did It myself with help from the PRA (Philippines Retirement Authority). I go to Kuala Lumpur for medical.

[@pvdp2]

The best places to go in the Philippines are Iloilo, Bacolod, Cebu, Dumaguete, Bohol, Boracay, Camiguin, Siargao, Cagayan de Oro, Davao, Butuan, and General Santos. Luzon especially Manila is overrated.

[@nomadcapitalist]

Thank you for your comment. We'd be glad to welcome you next year in Kuala Lumpur at Nomad Capitalist Live: nomadcapitalist.com/live

[@robster7012]

I work online, can I apply for the retirement visa and continue to work? I'm over 50

[@jsilvrph]

@@pvdp2 Thanks for sharing a list of some of our places/provinces! Hope you enjoyed your stay here too!

[@jsilvrph]

Thanks for choosing our country as your retirement "heaven"! If you have any questions about living here (and especially about hiring freelancers and employees here), I'm happy to help.

[@marlonelias]

I have citizenship in both the PHILIPPINES & USA!.!.

[@kayflip2233]

You're very lucky.

[@herbertvonsauerkrautunterh2513]

I don't understand why people are always so worried any health care. Look after your health and body to avoid lifestyle diseases. That means don't get fat or drink too much. I've been to Asia since the mid 90s and never had any problems and know that healthcare is good when needed. It's not the third world anymore.

[@n0name1450]

accidents

[@kristinhannah001]

i domt get that too. Ive noticed westerners are too àfraid to die while in Asia, we are just living, enjoying life day by day.

[@pawemaojo1229]

You realize not all people have the privilege of being born healthy and staying healthy their whole lives just because they eat well and do regular exercise? There’s a substantial part of the population that’s born with disabilities, autoimmune diseases, missing or not properly developed body parts or organs. How big of a bubble would you have to live in to forget about that?

[@kristinhannah001]

@@pawemaojo1229 i get him i get that its a serious concern however, its strange how some make themselves too obsessed with sports, gym, health, diet that everything revolves around it. "Healthcare is that country sucks.. oh, the air pollution in that place is the worst, the ice they used causes diarrhea, their dishes are too salty and sweet, dont go there the mosquitos will give you diseases, you can be food poisoned by eating that!". geez! 😎😝

[@dennismccarthy7032]

Sound advice as usual Andrew . And following your advice I can personally vouch for Prince Court ,and MSU , they are amazing 😊 Thank you Andrew and God Bless ❤.

[@nomorenews]

What is MSU and where is it?

[@CommandoMaster]

Rich ppl stay rich by knowing where to live and how to save and invest money. Don't be a wage slave in Canada.

[@genestone4951]

It's called Capitalism, not WorkingInACubicleIsm...for a reason! If you want wealth, quit your job.

[@Neeper78]

This is my retirement plan. Can’t wait.

[@xiaomashitu]

lets go Affordable Luxury in SEA : welcome to Malaysia =)

[@Axiomatic75]

I went a while ago and quite liked it there.

[@mattanderson6672]

Excellent analysis Thank you Sir Interesting... very interesting Wonderful discussion Brilliant discussion I love these discussions, you do brilliant work Andrew

[@DanXRP]

Great video.

[@nomadcapitalist]

Thank you.

[@Gdftgu]

Malaysian economy has been strengthen quite tremendously under PM Anwar Ibrahim receiving billions and billions of dollars of investment from the west and the east 👍🏻👍🏻👍🏻

[@sotecluxan4221]

Reason is, they get more than they bring, exploiting Malaysians.

[@user_cv8wysmstt]

Not only English-speaking countries, actually many rich people from China do move to SEA too.

[@genestone4951]

Most of us (myself included) have very little access to information about what wealthy Chinese are doing. All I really see is the double-decker blinged-out tour busses packed with tourists driving at a high rate of speed to the next event on their $0 tour. Never have any interactions with them. The Russians, on the other hand, are on the ground, mixing with everyone.

[@user_cv8wysmstt]

@@genestone4951 That is pretty common in Thailand.

[@keangwooichoo6138]

Medical tourism in singapore and philippines are expensive compared to malaysia and thailand.

[@robster7012]

I'm surprised that the Philippines is more expensive. I'm considering moving there

[@user_cv8wysmstt]

@@robster7012 I can understand that Singapore is expensive, but the Philippines does not make sense considering the much higher medical service quality in Malaysia and Thailand.

[@jsilvrph]

@@robster7012 Depends on what you need and where you live. Cost varies throughout the Philippines. I encourage you to visit the Philippines for a month or so and the neighbouring countries to find out.

[@keangwooichoo6138]

@robster7012 you can watch vagabond awake. They travelled extensively in south east asia. And according to indonesians, their country is also expensive compared to malaysia. So thailand and malaysia is still better.

[@martypoll]

@@robster7012I think the case with the Philippines is that the top hospitals are in Manila and Manila is relatively expensive.

[@zuhung98]

coming from someone who grew up in SEA and living in australia now. Guys lets be honest, anywhere is amazing when youre rich. people commenting saying how amazing it is moving to SEA are 100% middle class hence appreciate the low cost living. if you are middle class from a wealthier western country then by default you are rich in most of SEA, of course people are nicer to you... and dont forget, you look european. Are we really pretending racial privilege doesnt exist and people just treat you better because of your big heart.

[@enjoystraveling]

Malaysia, delicious food, but I don’t care for tropical, hot, humid climate for very long. I know many people like it for the beach atmosphere but it’s not my cup of tea

[@shosmyth1454]

Andrew watching your Wonderful Video day dreaming? Lol 😝. But I love your content and enjoy your calmness!! 🌺

[@momo_san1980]

ASEAN is a freat place if you have business dealings with China. Just a short plane ride to the #1 manufacturing country in the world

[@fillianplays]

Lots of places are great if you have money. Being in those places with no money trying to build wealth is a whole other story.

[@user-xg6yc8ho3w]

If you can work online, then doing it in an inexpensive country is much better than doing it in an expensive Western one.

[@fillianplays]

@ Very true.

[@nomorenews]

Little money goes a long way in SEA and huge amount of money last few days in the old outdated west. 1000usd gives you wonderful lifestyle in malaysia while 1000usd gives you a homeless tent on the streets of California

[@genestone4951]

As it should be! If you are unproductive, you don't deserve to live this way, tbh.

[@matthewnirenberg]

@@user-xg6yc8ho3w Good luck getting a work permit as without one its illegal to work, even if that work is remote.

[@sabaryunus3538]

1) Health Care 2) Food 3) Weather 4) Safety 5) Easy Policy 6) Visa Residence 7) Taxs Friendly 8) Banks 9) Investment & business 10) Travel Connection

[@gohyonghongluke3443]

As a Singaporean who ady live in Malaysia and love it when I need to go back to Singapore feel like doesn't want it when back feeling depressed (still have to earned money).

[@danielstehura9657]

I am building a home in North Thailand! I can live anywhere in the World! First came here in 2010!

[@nomadcapitalist]

Thank you for your comment! We'd be glad to welcome you at Nomad Capitalist Live where you can meet like minded people and connect with others in the region: nomadcapitalist.com/live/

[@craig975]

Andrew your content and youtube channel is absolutely awesome. Looking forward to seeing you hit 1 million youtube subscribers in the very near future. Well Deserved!!!!!!!!!!! By the way I cannot wait until I leave Europe and move to SEA.

[@nomadcapitalist]

Thank you for the kind words! Feel free to reach out, our team will be happy to assist with your move: nomadcapitalist.com/apply/

[@montakute1328]

Malaysia extended the income tax exemption policy in the Oct 18 budget for 10 years until 2037.

[@silversurfer6758]

According to the 'income tax exemption policy' are you required to pay tax on income if it has not already been taxed in the country of source? I found the exemption policy wording a bit confusing.

[@montakute1328]

@@silversurfer6758 Not if that country doesn't normally tax it, such as investment or salaries. Yes confusing. But if the source country doesn't tax it, then My won't, even when you remit it. Ofc, unremitted income is not taxed either. The exemption helps in cases where there exists no tax treaty or where the source country has a very low tax rate, because in both cases, My won't tax it either. The only time you have a problem is if the source country normally taxes the income and you can't prove you paid the tax on it, in which case My will tax that money if/when it's brought into My, according to tax consultants in My. So it's troublesome for expats who have old savings at home offshore without proof of tax paid for those specific funds (a LOT of paperwork potentially, and maybe impossible to prove after many years).

[@silversurfer6758]

@@montakute1328 Thanks very much for your reply. Would you agree that, in summary and from a tax perspective only, My is now only really beneficial as a base for tax residency if source income has low amount of tax imposed or no tax treaty exists between countries? Pensions taxed at source within a tax treaty country would always be taxed, so My is now much less attractive to a retiree than it was previously under a territorial type system?

[@montakute1328]

@@silversurfer6758 No. for now It's beneficial for those with high assets and/or foreign income, regardless of the existence of a tax treaty. Regardless, you won't be taxed by My on your foreign income, whether or not you remit it to malaysia. The problem arises if you remit money from offshore financial assets and cannot document the source of funds or prove that taxes were already paid on it offshore. Tax treaties don't matter (on the malaysian tax side) until at least 2037 due to the My income tax act "exemption" clause.

[@silversurfer6758]

@@montakute1328 Thanks again for your comprehensive insight. Appreciated!

[@kayflip2233]

It's just more interesting, fun and safe there. That's all the reason you need really. Also it's the only region in the world where Westerners are truly liked by the locals. Everywhere else you go you outside of the West you will have some type of conflict or resentment with the locals (due to history, imperialism, religion etc) or it will just be unsafe like in Latin America. In Southeast/East Asia the locals will actually take care of you and make sure you enjoy your visit.

[@Russell-Scale-Forward]

SEA is great for many things. Just be aware that for a few months of the year the air quality is very bad due to burning crops. Thankfully you can easily escape to some parts that are relatively clean air during that time. Good reason for a holiday

[@genestone4951]

Ppl always complain about burning season LOL

[@Russell-Scale-Forward]

@@genestone4951 for good reason, it sucks. Lived in SEA 8 years now and it’s second nature to plan around it

[@JuniperTreeee]

I would not want to be in Australia for any sort of pandemic. That was one country that I'd have avoided or left.

[@peterchin7796]

hey Andrew, I'm Peter with a Malaysia-based private equity firm, may I ask who should I get in touch with on your team, to explore possibility to collaborate with Nomad team?

[@nomadcapitalist]

Hi Peter, thank you for reaching out. Please fill out this form and our team will get back to you nomadcapitalist.com/partners/vendors/

[@carefulconsumer8682]

Great video but keep in mind the paperwork involved with getting a bank account of buying a place overseas can be a BIG headache. FATCA, FNBR, etc has to be done meticulously so you need a very good CPA.

[@martypoll]

I just opened a second bank account here in the Thai countryside. It took less than an hour and of course the bank is doing all the paperwork.

[@samuelzev4076]

As someone who is from Southeast Asia i can vouch for what you are saying however the best countries in southeast Asia for investment in ny opinion are the indo- china countries like Thailand, laos,Cambodia and bhutan

[@jekylltraveler]

Does the Thai LTR visa provide a tax exemption?

[@martypoll]

I have the Thailand pensioner LTR visa. There are four categories of LTR. For three categories, all money brought into Thailand is tax exempt. For the remote worker LTR taxes are capped at 15%.

[@CouplepreneursChronicles]

Southeast Asian countries make it cheaper for entrepreneurs by lowering costs for taxes, healthcare, education, and housing. This makes it a great place to start and run a business. On top of that, these countries are beautiful to live in, with friendly people who make you feel valued. It’s no surprise that many entrepreneurs are choosing Southeast Asia as both their home and business location.

[@kaazmaaz]

Hi Andrew, Great video. V Can you please share your opinion about property investment in Doha Qatar.

[@007thematrix007]

agree with this vid., more bang for the buck ..... 👍

[@Brisamars-q1c]

Wealthy people from the west have a huge psychological barrier to break in order to move to SEA. It’s of course a lot easier if they are married to an Asian or have known the region through business travel.

[@keangwooichoo6138]

I just do not understand why people wants to live in dubai. Most stuff are man-made

[@kayflip2233]

No taxes, high pay, safe, clean, modern amenities. Southeast Asia is still much better, but Dubai is still attractive to Westerners who want to make money in a safe environment with Western style conveniences. Plus it is a much quicker flight to Europe.

[@montakute1328]

Thailand just introduced a new tax on all WORLDWIDE income effective 1 Jan 2025. Everyone who is present in Thailand for 180+ days in one year MUST file Thai tax returns and pay on worldwide income

[@user-xg6yc8ho3w]

Looks like Nathan's trifecta method is best. Live in 3 countries per year, 4 months in each.

[@montakute1328]

@@user-xg6yc8ho3w Who wants to move all the time. Also, pity those who get stuck in a high-tax country during a lockdown and can't get out before becoming tax-resident.

[@martypoll]

It has always been true that you become a tax resident in Thailand if you are here more than 180 days. They changed an existing tax rule so that money remitted to Thailand is now taxable. That wasn’t true before. Also, Thailand has dual tax treaties to prevent double taxation and determine exactly where you are taxed. I have a 10 year Thai LTR visa. All the money I bring into Thailand is not taxable. There is a proposal to tax worldwide income but it has not passed yet. They will consider it in 2025. It is not unreasonable to wait until we see if it actually becomes law. Dual tax treaties still apply.

[@Privateuser9999]

All of this is very correct $2 lunch and $2000 dinner is possible in places like BKK West needs to be re-energized

[@gertleroy]

Thailand healthiest food? 🤔I beg to differ.. sugars, taste makers, MSG, cheap vegetable oil, processed carbs like noodles... Not my definition of healthy!

[@martypoll]

I live in Thailand. I agree that there is plenty of unhealthy fried and processed food here. You can eat healthy though for less and the cuisine is superb.

[@thaweesakthitimetharoch9885]

Let me suggest you ...... Try fresh fruit & vegetable salads, bakery & bread, grilled chicken & pork,......

[@martypoll]

@@thaweesakthitimetharoch9885 Actually bread is not a thing in Thai cuisine. Most Thai bread is loaded with sugar. You can find good western style bread but typically in the gourmet grocery stores in larger cities. Commercial bakeries have the usual cakes, donuts, and cookies 🍪

[@gertleroy]

@@martypoll exactly.

[@gertleroy]

@@thaweesakthitimetharoch9885 even the salads contain all kinds of taste makers.

[@caa21450]

Can you talk about the differences between a United States Citizen and a US National? Love the channel and thank you for the informative videos!

[@kayflip2233]

Huh? There's no difference.

[@wallyboy23]

A US national is what some people who belong to overseas US territories such as American Samao have. They can live in the states if they so choose, work, etc but they can't hold some jobs, and their US passports say that they are US nationals on the inside. They are some tax benefits if you aren't an average joe.

[@ItsMe_Philippines]

That's me!

[@bachataintimate3726]

You are not able to buy property in South east Asia. Only if you marry a local. Based on risk management is that NOT an option for me.

[@user-xg6yc8ho3w]

You can get 50 year leases though. And you can sell the lease just like selling a home.

[@tinglestingles]

You can buy a property in Malaysia - even a tourist can.

[@genestone4951]

Often said, often untrue.

[@Henry-ve3ye]

Philippines is scary..... The homicide rate there is insane

[@jsilvrph]

Not really. Depends on where you live. Most places here are generally safe.

[@genestone4951]

@@jsilvrph You're both right though...ppl don't realize that PH is actually thousands of islands, most of which are completely safe...but then you also have ISIS lol.

[@kristinhannah001]

You : " PH is scary" Filipinos : " We're just chillin here." 😅

[@kayflip2233]

@@jsilvrph Yeah but the homicide rate close to 9 is the highest in all of Asia and even worse than NYC, which is at 6, where I am from and the USA as whole which is only at 5.3. If your homicide rate is worse than the USA where everyone has a gun and there are murders everyday in the ghettos of America, then you have a problem. That's a fact. It's not what you feel, but rather what the statistical facts are. Saying "not really" means nothing when Philippines is statistically more dangerous than every other country in Asia, even worse than Pakistan, Afghanistan etc. Japan in contrast only has a 0.2 murder rate so 45x safer than the Philippines. Philippines is the 23rd most dangerous country on earth out of 195 countries.

[@kayflip2233]

Agree, Philippines has the highest homicide rate in all of Asia at close to 9, which is even higher than NYC, which is at 6, where I live. They have lots of poverty and a serious crime problem. In fact it is the #1 most dangerous country in Asia and 23rd in the world out of 195 countries.

[@32hernandez93]

Thailand ❤

[@PinoyBio]

Yup, visit the Philippines! :)

[@Justin88-h4l]

Many Americans I met in the States feel sorry for me because I live in Singapore. Some asked if America too expensive for me. Some asked what it was like to live in a third-world country. They have no clue.

[@ozzyngcsu]

Agreed, Americans think Singapore is like the rest of SEA (cheap), but it's definitely not. For example the condo I live in here is worth $7M+ USD, but would cost maybe $2M at the most in any major US city.

[@coolwei1427]

My broke ass watching this like I'm gonna move to southeast Asia even though I'm a Malaysian 😂

[@UnimportantAcc]

Just think of all the tax benefits you already have! 😜

[@xeedsenterprise505]

If you are Malaysian, move to the village but with good internet. Or have two places to stay..in the kampung and the city. When you r bored, you can switch places

[@neilwadden1749]

Invest in crypto. Put it on a cold wallet, then move

[@matthewnirenberg]

@@neilwadden1749 If you're in CANZUK or CUNA then only a fool gets into crypto - too much paperwork, too many taxes, literally not worth it, not to mention getting hit with unrealized gains taxes disguised as 'exit taxes' as when you leave the CANZUK or CUNA countries tax system you're taxed as if you sold your assets, whether or not you actually sold them or not.

[@livefree7005]

At least you don’t have to worry about visa issues.

[@jovancook3989]

I'm coming, believe that! These Western women are something else SMFH

[@wilaadum5063]

Guys this works if you have at least 100k in savings. A 30,000 will last you a few years, if you want to live the same way in the west.

[@martypoll]

Since Thailand tax policies were mentioned I will mention that the Thai Long Term Residency visa allows wealthy people to get a 10 year visa and all money remitted to Thailand is tax exempt. There is a remote worker LTR in which the tax rate is capped at 15%.

[@DLG24]

Wealthy people invest in developing markets. This is common sense economics.

[@heiditamba9281]

Indonesia, in Sumatra Island, medan city, parapat city, toba lake,

[@burgerkill6705]

Love danau toba.. Hi from malaysia..

[@decTac]

Natural disasters

[@northenpeace1111]

Finnish President Alexander Stubb's state visit to China is expected to further strengthen bilateral cooperation in the fields of green technology, sustainability and healthcare, particularly in tackling issues relating to an aging population, according to the vice chair of the Finland Chamber of Commerce in China.

[@stevenobinator2229]

MALAYSIA'S NEW VISA FOR RETIREMENT IS RIDICULOUS, YOU NEED TO MAKE 100,000K A YEAR

[@tinglestingles]

You do not need any income with the new financial requirements.

[@stevenobinator2229]

@@tinglestingles can you provide a link? Have they backpedaled?

[@gaeldesmontagnesnoires1711]

KL has been VERY interesting to me for a while but the HORROR stories coming out of the international airport has kept me away.

[@genestone4951]

What you talking about? The KL airport is pretty cool.

[@buburbibik]

What horror stories? All false

[@gaeldesmontagnesnoires1711]

@@buburbibik I heard that getting through customs is a huge pain with agents having power trips..

[@gaeldesmontagnesnoires1711]

@genestone4951 It seems that customs agents are having power trips that can easily derail a trip to KL.. is what you can see on KZbin. Maby it got better. I know that if you get in on a golden visas arriving is a pleasure but for average people it's a long wait in the heat..

[@buburbibik]

@@gaeldesmontagnesnoires1711 There are automated lanes now for many countries so no need to see any immigration officer unless required

[@keangwooichoo6138]

I think the gowth will be 5% for 2024 in malaysia.

[@PeturKarlsson]

Did live and work in Asia for 20 years, it is all he is saying and more. But moved back and feel good never having to turn on aircon and be able to drink water from the tab . Pros and Cons both ways.

[@user-xg6yc8ho3w]

If you're talking about the US, there are MANY places where you need to turn on the AC lol. People that drink water from the tap are pretty rare in my countries of USA and Australia.

[@sotecluxan4221]

@@user-xg6yc8ho3w In Spore it is assumed, to drink tap water. In the US u may drink Fluoride, pesticides......

[@NortyNige]

Well a lot safer than Tbilisi at the moment.

[@markksantos]

me watching this a a non wealthy person 👀🤣

[@BonekaTinggalikat]

It's not wrong... Who knows one day you will be rich?

[@markksantos]

@@BonekaTinggalikat true

[@Mrbimdrummer]

Be careful with Thailand. When you get to 70 health insurance is almost impossible to get.

[@martypoll]

If you buy into a Thai insurance policy before you are 70 you can stay insured when you age beyond 70. I bought into a Pacific Cross policy when I was 62 and they will continue to insure me to 99 years.

[@Mrbimdrummer]

@@martypoll I have health and life insurance. It stops at 70.

[@globalpropertyinvestment]

Just get an international policy, something like Cigna. They have no max age exclusion.

[@alancosens]

Just heard an interview with Tom Wheelwright where he mentioned that even if you pronounce your US citizenship, the US can still tax you for 10 more years. I’ve never heard you mention anything about that. Can you address that?

[@mae.musicdiary]

What’s your take on Vietnam?

[@americanasiancouple3423]

You are one truly intelligent young man.

[@nomadcapitalist]

Thank you for the compliment.

[@saschaganser9671]

Andrew, i follow your content for a long time, a german since a decade in Asia now, and there`s a lot of wrong in that video. Never Germany had restricted power for households. There was also for sure no ban on AC, as most german houses don`t have one. Not sure if you have been, but Germany has rather cold weather 3/4 of a year. SEA is great, but investment / housing is a topic. Technically you can`t own, there are workarounds but there`s a long history of scams and lost investments. Hospitals have imporved. SIN was always good but rather expensive (unless you`re American) but BKK, KL, even HCMC had a huge increase in quality. You get good treatments there, just these are not the places where you will end up if you need a hospital. You will need that after the typical scooter accident in Koh Phangan, Bali, etc. The metros are modern cities with many things up to western standards, but the majority is not.

[@Alex_Martz]

#1 reason: the Women there are feminine and beautiful and NOT woke

[@WcWZzQM]

What’s your screen time

[@deshwitat_2]

passport bro detected 😂😂😂lmao

[@Jets228]

culture, weather, food, women, healthcare, cost of living, etc etc

[@JuniperTreeee]

Clearly you don't know me!

[@ceedl6325]

People watching this videos should watch what vloggers say about the Philippines. Start watching Philippine videos. The wealthy should discover the Philippines too not just the travel vloggers

[@pandapete2023]