What you may not know is that people over the age of 50 in China are becoming the object of competition among countries.
Why are 50+ Chinese targeted?
Because people in this age group are either retired or about to retire. This group of people has a certain economic foundation and the ability to live independently in the destination country, which can be described as healthy, rich and leisurely.
They bring money to live in the local area, which can not only promote consumption, stimulate domestic demand, but also stimulate the local economy.
I have to say that these countries are really playing a loud abacus.
Thailand and the Philippines, for example, are two enthusiastic countries vying to get this sweet spot into their arms, and they are vying to introduce pension visas so that they can enjoy the sun, sand and food here.
In Thailand, as long as you are at least 50 years old, and then deposit 800,000 baht (about 160,000 yuan) in a local bank in Thailand, you can apply for a Thai pension visa.
Or if you have at least 650,000 baht of retirement income, even the deposit is exempted, and you can directly get a Thai pension visa.
It can be said that Thailand is really fighting hard in order to grab people.
This is a one-year long-term residence visa that can be renewed indefinitely.
The advantage of the Thai pension visa is that there is no need to invest, you only need to save money to get the status in as little as two months, and after the identity is processed, the money can be withdrawn. It is especially suitable for people who have limited funds but want to retire abroad.
Thailand is very suitable as a destination for Asians to retire, with a complete set of facilities, a good climate and a low cost of living. It is worth mentioning that Thailand has very good medical conditions, with 36 hospitals in Thailand certified by international health agencies, while only 23 in China.
However, the Thai pension visa is not a permanent residence status, but a long-term residence status, which means that you have the right to stay in Thailand for a long time. But if you want to travel in and out of Thailand,You must also apply for a return visa, otherwise the pension visa will become invalid immediately.
From this point of view, it is a small disadvantage of the Thai pension visa.
In addition, Thailand has also introduced an elite visa, which is equivalent to buying long-term residency for 5-20 years for money.
In comparison, the Thailand Elite Visa is more like a special benefit for advanced players, with a minimum of more than 100,000 yuan not only to get the status, but also to enjoy the VIP services such as accommodation, travel, and leisure brought to you by the elite visa.
If you want to feel more of a tropical island and want to get away from the crowds, then the Philippine retirement visa may be more suitable for you.
You only need to be at least 50 years old and deposit $20,000 in a local bank. You can also bring your spouse and children under the age of 21 to apply.
Unlike the Thai pension visa, the Philippine retirement visa is a permanent residence status.
With this status, you and your family can enjoy the same rights as a green card, except that you cannot work locally.
For example, you can buy a house in the local area, do business, and invest in land in the form of a company.
If the living conditions are met, the children can also return to China to participate in the joint examination for overseas Chinese students in the future, and the score is 50-100 points lower than the mainland college entrance examination to study in 211 985 colleges and universities.
At the same time, holding a Philippine retirement visa can also obtain the qualification for Hong Kong investment immigration, which can be said to be very practical.
Therefore, the Philippine retirement visa is especially suitable for families who want to obtain the qualification of overseas Chinese students, investors who want to springboard Hong Kong investment immigrants, and families with overseas asset allocation.
However, the disadvantage of this visa is that the identity is tied to the deposit, and if the deposit is withdrawn, the identity is gone.
In general, Thailand's pension visa is like a VIP card for long-term residence, suitable for people who simply want to go to Thailand for retirement;The Philippine retirement visa is a green card, which is a little more functional.
That's all for today's sharing, follow me to learn more about immigration methods.