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  1. #1
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    Cambodia woos seniors

    PHNOM PENH, 4 August 2016: Cambodia will apply new visas shortly that will allow senior travellers to retire in the country on one-year visas without needing to apply for a work permit.
    The new visa rule was supposed to be applied, 1 August, but faces logistical delays due to snags communicating details to overseas embassies.

    The Ministry of Tourism responded to the news on the new visa saying it was preparing a tourism policy to manage the increase in senior tourists visiting Cambodia.

    Phnom Penh Post quoted the tourism ministry deputy general director, Chhay Khunlong, saying ageing populations in developed nations such as Europe, Japan, and China continue to grow. The senior travel market is strong source of business for Thailand and Malaysia and in the long-run Cambodia stands to benefit from this relatively new market.

    At present it is not a major factor as ministry data, shows that of the 4.8 million foreign visitors last year, just 4% of them were tourists over 65 years old. But as the trend continues, more senior travellers will head to Cambodia.
    “The number of senior tourists will increase in the future, so we need to give the subject our attention now to create tourism products and services that reflect the trend,” he said.

    Senior visitors need to be provided with better access to health care services and easier access to extend visas, as they usually stay longer, he said, noting that the ministry would work with tour operators to eliminate barriers to encourage more senior travel.
    Immigration officials have confirmed a new visa category that allows foreign retirees to live in Cambodia for a year with an option to renew. The provision is very similar to rules that apply in neighbouring ASEAN countries.

    Cambodia Daily quoted Ministry of Interior’s general department of immigration director, Sok Veasna, saying the new visa requires proof of financial stability and documentation proving retiree status from the applicants’ home countries.

    But, unlike business visas, officially called “Category E”, the new retirement visa (Category ER) will be valid for a year and will not require a work permit, he said.
    Recipients of the new visa will still be barred from owning houses or land in the country. A similar rule applies in Thailand for senior travellers, but they can buy condominiums outright (based on a building’s unit allocation for foreigners not exceeding 49%). They can also lease a property for up 30 years. Malaysia is the most liberal on house and land purchases, but the cost of living is much higher.

    Cambodia’s immigration department hoped to apply the new visas on Monday, but that was premature as the overseas embassies have not been informed and officials said the actual fee for the visa has still to be confirmed.
    Expatriates already retired in Cambodia, using business visas, will not need to switch to the new visas, but they can take up the new option when the current visa expires.

    Cambodia woos seniors : TTR Weekly

  2. #2
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    Neverna's Avatar
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    Any financial requirements?

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    Quote Originally Posted by Neverna View Post
    Any financial requirements?

    As it tends to be with most written stories of this nature, less of specifics and more surface generalities. Guess it's up to the perspective individuals to look into such things -

    A likelihood that this "special" Cambodian retirement visa is modeled along the Thai equivalent, yet modified as such applies to draconian financial and unnecessary burdening bureaucratic requirements.

  4. #4
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    It's likely to be along the lines of the 'ordinary'(business) visa, where you get a month on landing then extend for a year as I've done, getting a multi-entry visa and applying for a work permit to get that extension.

    Now in this new proposal for one year retirement visas, the work permit bit is chopped out, saving around $350 if I remember correctly, all depends on which police colonel or major you normally pay and bribe.

    The whole procedure can be started by slippery customs officers on arrival and continued through to the cop in charge wherever you choose to stay at the time of passport extension. They all take tips. Normal.

    Now, it seems that instead of all the tips being divied out among a few offices, they'll all be garnered by immigration on arrival.

    My Cambo visa's due for renewal in December, so I hope it'll be the standard $400 /year or thereabouts.

  5. #5
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    the new retirement visa (Category ER) (Emergency Room)

  6. #6
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    Gary Glitter call home.

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    ENT what you are doing Cambo ? chasing conspiracies ?

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    Archaeology.

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    Quote Originally Posted by Neverna View Post
    Any financial requirements?

    "the new visa requires proof of financial stability".

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    Quote Originally Posted by harrybarracuda View Post
    Quote Originally Posted by Neverna View Post
    Any financial requirements?

    "the new visa requires proof of financial stability".
    Cheers, Harry. I missed that.



    "the new visa requires proof of financial stability and documentation proving retiree status from the applicants’ home countries."

  11. #11
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    Quote Originally Posted by fishlocker View Post
    Gary Glitter call home.
    Gary was ahead of his time.

  12. #12
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    Quote Originally Posted by Neverna View Post
    Quote Originally Posted by harrybarracuda View Post
    Quote Originally Posted by Neverna View Post
    Any financial requirements?

    "the new visa requires proof of financial stability".
    Cheers, Harry. I missed that.



    "documentation proving retiree status from the applicants’ home countries."
    Interesting, I wonder what that is?

    And is that age limit 65?

  13. #13
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    More opinion:
    Here’s what we don’t know:

    How much the retirement visa will cost.

    If there is a minimum age requirement to apply for the visa.

    What constitutes financial stability and how it will be proven. Malaysia requires $37,000 in a local bank, and double that for applicants under 50 years old. Thailand requires $22,000 in a Thai bank.

    What constitutes retirement status and what will be required to prove it. I would assume this would be a pension or social security, which would limit the applicant pool — at least for Americans — to the few professions that offer pensions these days, or those over 65.

    Whether those on the visa are allowed to do part-time work, and if they will require a work permit to do so.
    Whether it will be possible to get the visa on arrival, or if it will require visiting an embassy or getting an “ordinary” visa and converting it once in-country.
    The downside of the retirement visa is requiring proof of financial stability and retiree status. Many may feel uncomfortable providing the Cambodian government the details of their bank accounts and savings in their home country, and probably for good reason. All worldwide income is taxable in Cambodia for those who spend more than 182 days per year in the country. Although it’s not clear if pensions are included, reporting those pensions may open retirees up to Cambodia tax obligations. Proving retirement status might be difficult, depending on your own personal circumstances.

  14. #14
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    Quote Originally Posted by ENT
    Archaeology.
    interesting, you carry the dirt to the truck ? or you actually do the scientific work ?

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    Quote Originally Posted by Dragonfly View Post
    Quote Originally Posted by ENT
    Archaeology.
    interesting, you carry the dirt to the truck ? or you actually do the scientific work ?
    He supervises the Smeg like workforce with tact.

  16. #16
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    Quote Originally Posted by Dragonfly View Post
    Quote Originally Posted by ENT
    Archaeology.
    interesting, you carry the dirt to the truck ? or you actually do the scientific work ?
    We don't "carry the dirt to the truck". The whole operation is scientifically co-ordinated.

  17. #17
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    Quote Originally Posted by wasabi View Post
    Quote Originally Posted by Dragonfly View Post
    Quote Originally Posted by ENT
    Archaeology.
    interesting, you carry the dirt to the truck ? or you actually do the scientific work ?
    He supervises the Smeg like workforce with tact.
    No thanks.
    That's the fate of the senior archaeologist and his herd of honours students, clones.

    He rarely gets to do the exploratory and exciting work in the field, too much office work and fund hunting.

  18. #18
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    Quote Originally Posted by Dragonfly View Post
    Quote Originally Posted by ENT
    Archaeology.
    interesting, you carry the dirt to the truck ? or you actually do the scientific work ?
    He's the one who brushes the dirt off and then calls over the proper archaeologists to have a look.

  19. #19
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    [QUOTE=harrybarracuda;3325101]More opinion:


    The downside of the retirement visa is requiring proof of financial stability and retiree status. Many may feel uncomfortable providing the Cambodian government the details of their bank accounts and savings in their home country, and probably for good reason. All worldwide income is taxable in Cambodia for those who spend more than 182 days per year in the country. Although it’s not clear if pensions are included, reporting those pensions may open retirees up to Cambodia tax obligations. Proving retirement status might be difficult, depending on your own personal circumstances.
    Same tax situation as Thailand, and to be fair, the majority of the world.

  20. #20
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    Quote Originally Posted by sweaty View Post
    Same tax situation as Thailand, and to be fair, the majority of the world.
    Pension income from outside is taxable in Thailand?

  21. #21
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    ^^@sweaty....Same tax situation as Thailand, and to be fair, the majority of the world.[/quote]

    Bullshit.

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    Quote Originally Posted by harrybarracuda View Post
    Quote Originally Posted by sweaty View Post
    Same tax situation as Thailand, and to be fair, the majority of the world.
    Pension income from outside is taxable in Thailand?
    Sure isn't in the Philippines.

  23. #23
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    Quote Originally Posted by Davis Knowlton View Post
    ^^@sweaty....Same tax situation as Thailand, and to be fair, the majority of the world.
    Bullshit.[/QUOTE]

    "1.Taxable Person
    Taxpayers are classified into “resident” and “non-resident”. “Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand."

  24. #24
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    Quote Originally Posted by Davis Knowlton View Post
    ^^@sweaty....Same tax situation as Thailand, and to be fair, the majority of the world.
    Bullshit.[/QUOTE]

    Really?

  25. #25
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    Quote Originally Posted by harrybarracuda View Post
    Quote Originally Posted by sweaty View Post
    Same tax situation as Thailand, and to be fair, the majority of the world.
    Pension income from outside is taxable in Thailand?
    When remitted to Thailand, yes.

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