They should include a free housekeeper for that...The pension-based SRRV allows a foreigner at least 50 years old who has a monthly pension of $1,000 or more to have permanent residence visa in the Philippines in exchange for keeping a $10,000 deposit in a Philippine bank, a $1400 application fee and a $360 annual fee.
'Census' of foreigners 'living and working' in Cambodia to be completed by July - Deputy PM
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- I Am Losing It All to the Internet
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I'd choose the Philippines over Thailand any day (especially the north of the country). But then I'm biased . . .Phuket2006 wrote:so; with the choice between Thailand and the Philippines
how many would head to PI?
I wouldn't even think of living there
Thailand; 800,000 in the bank for 3 months OR a pension at 65,000 baht/month or a combination of both
annual fee 1,900 baht for visa and 3,800 for a multiple re entry permit ( $162/year) have to report ( which can be done online) every 90 days
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Here's a proven system working for some years now across the border.Phuket2006 wrote: Thailand; 800,000 in the bank for 3 months OR a pension at 65,000 baht/month or a combination of both
annual fee 1,900 baht for visa and 3,800 for a multiple re entry permit ( $162/year) have to report ( which can be done online) every 90 days
I'd be surprised if Cambodia aren't working on something very similar and perhaps a touch competitive to attract their share of cashed up retirees, and filter out some others...
If I have to pay the same price to live in a dirty country where nearly everything is overpriced then I might as well get out. My strongest argument to be here has always been the ease of things, but now it seems that argument is slowly becoming void.
Thailand is a good option financially, comparing Bangkok apartments (and prices) with those in Phnom Penh exposes the joke that Phnom Penh really is. $400-600 for small apartments full with the furniture the landlord doesn't know where else to store in houses built from cow dung before the war with dodgy utility bills that somehow cost twice as much to what they should. Food is more expensive on Riverside than Sukhumvit and tuk tuks cost more than aircon taxis, what an absolute joke. It's about time the Cambodia bubble burst.
Been here for 7 years, if they try to extract work permit fees from me I might just let them deport me to Thailand. See you in the news section I guess, I'll wave.
Bless
Thailand is a good option financially, comparing Bangkok apartments (and prices) with those in Phnom Penh exposes the joke that Phnom Penh really is. $400-600 for small apartments full with the furniture the landlord doesn't know where else to store in houses built from cow dung before the war with dodgy utility bills that somehow cost twice as much to what they should. Food is more expensive on Riverside than Sukhumvit and tuk tuks cost more than aircon taxis, what an absolute joke. It's about time the Cambodia bubble burst.
Been here for 7 years, if they try to extract work permit fees from me I might just let them deport me to Thailand. See you in the news section I guess, I'll wave.
Bless
Last edited by Alexandra on Tue May 17, 2016 11:11 am, edited 1 time in total.
- spitthedog
- Is the World Outside still there ?
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Doesn't the Tourism/Service industry represent something like 30% of Cambodia's GDP?
Whitey seems to have alot of $ power. 3 sectors share a third each of the country's GDP by the looks of it. The garment industry looks to have moved to manufacturing lower end products and i guess is basically just competing on price , so that leaves agriculture and i'd be surprised if that's as competitive/tech efficient as it's neighbors.
This census is aimed at the Vietnamese i reckon.
I heard a rumour the other day....
Bless
Whitey seems to have alot of $ power. 3 sectors share a third each of the country's GDP by the looks of it. The garment industry looks to have moved to manufacturing lower end products and i guess is basically just competing on price , so that leaves agriculture and i'd be surprised if that's as competitive/tech efficient as it's neighbors.
This census is aimed at the Vietnamese i reckon.
I heard a rumour the other day....
Bless
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
No, nearly 20% in 2015. Ask your favourite PP business owner if this year's high season will pay for the year's operations. Bring popcorn.spitthedog wrote:Doesn't the Tourism/Service industry represent something like 30% of Cambodia's GDP?
Indeed.spitthedog wrote:I heard a rumour the other day....
Bless
Bless
- Phuket2006
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problem with it is the medical in Cambodia, PLUS there's fuck all for retirees in Cambodia vs Thailand.offroadscholar wrote:Here's a proven system working for some years now across the border.Phuket2006 wrote: Thailand; 800,000 in the bank for 3 months OR a pension at 65,000 baht/month or a combination of both
annual fee 1,900 baht for visa and 3,800 for a multiple re entry permit ( $162/year) have to report ( which can be done online) every 90 days
I'd be surprised if Cambodia aren't working on something very similar and perhaps a touch competitive to attract their share of cashed up retirees, and filter out some others...
visas aren't enough to attract retirees ( how many retirees does Cambodia have with the current system?) and it cant get any easier
Plus, as stated, it cost more for just about everything over there but drinking urself to death, (i'd rather "fall" less painful and quicker) LOL
"We are turning into a nation of whimpering slaves to Fear—fear of war, fear of poverty, fear of random terrorism, or suddenly getting locked up in a military detention camp on vague charges of being a Terrorist sympathizer." HST
Tourism may be important but it's increasingly Chinese, Japanese, Korean etc and has next to no impact on western oriented venues in Daun Penh.
Every single business owner I have spoken to has said the high season was the shortest and worst on record and that the low season now is truly a trough.
Every single business owner I have spoken to has said the high season was the shortest and worst on record and that the low season now is truly a trough.
A depression is coming to business owners in the capital. Soon there will be bollocks spray painted on every entrance.
Bless
Bless
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All fair pointsPhuket2006 wrote:problem with it is the medical in Cambodia, PLUS there's fuck all for retirees in Cambodia vs Thailand.offroadscholar wrote:Here's a proven system working for some years now across the border.Phuket2006 wrote: Thailand; 800,000 in the bank for 3 months OR a pension at 65,000 baht/month or a combination of both
annual fee 1,900 baht for visa and 3,800 for a multiple re entry permit ( $162/year) have to report ( which can be done online) every 90 days
I'd be surprised if Cambodia aren't working on something very similar and perhaps a touch competitive to attract their share of cashed up retirees, and filter out some others...
visas aren't enough to attract retirees ( how many retirees does Cambodia have with the current system?) and it cant get any easier
Plus, as stated, it cost more for just about everything over there but drinking urself to death, (i'd rather "fall" less painful and quicker) LOL
Initially the introduction of a retirement visa would just get rid of a few undesirables, which could be enough to justify it ??
Long term, it remains to be seen if Cambo can address some of downsides you pointed out.
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You'd better leave before somebody sprays your entrance with their bollocks.Alexandra wrote:Soon there will be bollocks spray painted on every entrance.
Bless
Bless
I could be totally wrong here but I do not believe we will see the introduction of a retirement visa anytime soon (nor do I want it to happen, tbh - people really want more rules? Some may delude themselves that this will get them out of paying for the work permit - AS IF (the retirement option would not have its own cost attached to it)!!).
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- MerkinMaker
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I think we've reached peak barang already. A thinning of the heard might be a good thing.
Personally I'd start with GSM and then anyone found drinking outside a Duan Penh mini-mart before noon, followed by anyone that drinks from a jam jar.
If the authorities blocked off GSM and The Laneway they could get it done in a night.
Personally I'd start with GSM and then anyone found drinking outside a Duan Penh mini-mart before noon, followed by anyone that drinks from a jam jar.
If the authorities blocked off GSM and The Laneway they could get it done in a night.
Before anyone gets carried away with the SRRV in Phils. The old version (now called classic) involved a term deposit which was a fake. Right, a fake. The SRRV visa holders deposited the money in a bank from a list pre-selected by that government agency. The selection was not based on reputation etc but only on one condition - the money was never in the term deposit but transferred to another account without the knowledge of the SRRV holder. Many SRRV holders lost their money when one of those selected banks went down and were forced to pay again. Google is your friend
I have seen the paperwork of a bank myself. People had considerable problems with getting their money back when cancelling, in fact, my neighbor was congratulated by bank staff for getting his money back within the stipulated time frame. They told him he was the first who got it back on time. The lady asked him if he liked a coffee (when he was cancelling, imagine), left the room with the file in front of him, turned his way. His bank account had a second number attached to it. The dates of transfers were indicated.
This might have changed now to some extent. Now you give your money to a Philippines government bank against a receipt. You do no longer have a term deposit, even if it is phantom one. In other words, in case of a problem it is you and the government and not you and the bank. Good luck.
What the SRRV agency does not tell anyone is that the interest earned on your deposit is lower than the even the low official bank rates. They taken their chunk. This is a hidden cost which surprised many.
So before going for an SRRV add the lost interest of, say, 700 USD per annum on a 10K deposit to the real cost. Also review their schedule of fees. You might be in for a surprise.
If you live in the Phils on a tourist visa with extension your cost is considerably lower than the at least 1K per year you spend on an SRRV plus your money is safe.
I have seen the paperwork of a bank myself. People had considerable problems with getting their money back when cancelling, in fact, my neighbor was congratulated by bank staff for getting his money back within the stipulated time frame. They told him he was the first who got it back on time. The lady asked him if he liked a coffee (when he was cancelling, imagine), left the room with the file in front of him, turned his way. His bank account had a second number attached to it. The dates of transfers were indicated.
This might have changed now to some extent. Now you give your money to a Philippines government bank against a receipt. You do no longer have a term deposit, even if it is phantom one. In other words, in case of a problem it is you and the government and not you and the bank. Good luck.
What the SRRV agency does not tell anyone is that the interest earned on your deposit is lower than the even the low official bank rates. They taken their chunk. This is a hidden cost which surprised many.
So before going for an SRRV add the lost interest of, say, 700 USD per annum on a 10K deposit to the real cost. Also review their schedule of fees. You might be in for a surprise.
If you live in the Phils on a tourist visa with extension your cost is considerably lower than the at least 1K per year you spend on an SRRV plus your money is safe.
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