Retirement visa 2017

From my research, short answer is no.

This is what it states on

https://www.aesinternational.com/financ … s-cambodia


Tax in Cambodia
Individuals resident in Cambodia are liable to Tax on Salary (ToS) on their Cambodian and foreign source income, at progressive rates ranging from 5% to 20%. An individual is considered a tax resident if he/she: is domiciled in Cambodia, or has a principal place of abode in Cambodia or has available for use a house, apartment, dormitory, in which he/she usually stays or occupies, or is present in Cambodia for more than 182 days in any period of 12 months ending in the current tax year.
A non-resident is any person who is not a resident. A non-resident is only liable to ToS on Cambodian-source income (at 20%).

An employer is liable to pay Fringe Benefit Tax (FBT) on benefits paid to employees that are not considered to be salary (at 20% of the value of the benefit).

There is no mechanism for individuals to register with the Tax Office and remit their salary tax or other tax liability directly to the Tax Office. At present, only registered employers have an obligation to withhold the tax on salary from the employees for their employment activities in Cambodia. Currently, Cambodia does not require individual residents to file an annual personal income tax to the Tax Office. As a result, the ToS withheld by the registered employer should be the final tax for each employee for fulfillment of employment activities in Cambodia.

On this basis, foreign pension income is not taxable income in Cambodia unless: it is provided to Cambodian residents by a Cambodian employer, or it is provided by a company which has established a Permanent Establishment or tax presence in Cambodia, and even then the company may need to be a registered taxpayer in Cambodia and carrying on business there, or it relates to fulfilling employment activities in Cambodia.
Therefore, based on an STM QROPS, the pension income would not be taxable income in Cambodia.

Net worth, gift, inheritance, and estate taxes are not imposed in Cambodia. Cambodia has no DTA’s.

... what would be a typical local agent fee for a ER Visa 6/12 extension over 55 year ?

All in price for 6 months is about $165, for 12 months $290.

Thanks from me too JoeKhmer. Your initial reply on this thread caused me to stop lurking and sign up.

I've all but given up on Thailand too. They want us to retire there less and less as the years go by.

My Thai wife and I will retire to Cambodia in 2.5 years. Looks like I'll get the E vis and the ER visa within 30 days - like this thread says.

I can't find much on my wife's situation though. The Cambodian government website seems to be down or I have old/broken links.
Does she get the same visa?
She has Thai and US citizenship.
I'll be over 55 years but she wont be.

Don't mean to hijack this thread...

Thanks for the compliment.

If you and your wife are officially registered as married she can get a "spouse" visa extension the same as your ER extension. For that she needs to apply for it as being supported by you.

You need a good agent who is familiar with this and knowledgeable. I know one if by that time you need one.

If you're not officially married she can still get a ER extension based on support by you, but it is more difficult to explain that to Immigration.

So depending on your marriage status it can be easy or difficult.

Hope this helps.

Joe

I'm currently in Poipet nearing the end of a 12 month retirement EOS.  To get a 12 month extension, the casino that I play at here has quoted me $400.  Has the cost of visas gone up, or is the casino just adding a big fee?  To get the extension my passport would need to be sent to Phnom Penh.

I'm one of 4 barangs here in Poipet, and I know the others, so I'm not expecting anyone here to know much about getting a visa extension (retirement) in Poipet.  But hey...make my day!!!

It's a scam!

Normal price is around $285.

Cheers

Joe
Cambodia expert
Expat.com team

Just started reading posts re: RE visa. I initially look at retirement visa in Thailand, but recent changes has made rethink it.  Looking at Cambodia RE visa there are references on showing proof of monthly (retirement) income, but no mention on the amount of income is required.

Hello.

From age 55 there is no need to prove your retirement status or income.
In some cases a letter is provided by the agent stating that you want to retire in Cambodia and you don't intent to work. You only need to sign and thumb print it.

If you want to retire under the age of 55 you have to convince the Immigration Department that you are retired and have monthly income from abroad. Needed is a letter from your country's pension institute stating that you are retired plus proof of income although that is not always asked (but they could ask you when they check you at a home visit).
There is no amount of income set (yet) so it's more like you convince the IO that you are financially independent

Hope this helps, take a good agent who knows the ins and outs.

Joe
Cambodia expert
Expat.com team

Hi Joe,

Great info. Hope you can help me here.

After 15yrs in Thailand it's time to retire. I have $150k in a well-known brokerage account paying $1k/month in dividends.

I intend to live on those dividends. I'm 46. A UK citizen.

I've emailed a few visa agents in PP and they've all said it's enough coin.  Awesome!

However, they also mentioned "a letter from your country's pension institute" but failed to explain what/where/who this institute is??

Does the UK even have a 'pension institute'?

Could you please advise.

Best wishes
Escaped Brit

numpty11 :

After 15yrs in Thailand it's time to retire. I have $150k in a well-known brokerage account paying $1k/month in dividends.

I intend to live on those dividends. I'm 46. A UK citizen.


Best wishes
Escaped Brit

Hi Numpty,

I can't help you with your question as I'm Australian & still living here, in the process of selling my house so I can move over to Cambodia to retire.

Once I sell the house I will be looking at investing the proceeds to derive a monthly income such as you, & would love to know what well known brokerage account you are using :)

Cheers

Saxo and Schwab out of Singapore. I've got two. Overkill.

Further to my last post, a PP visa agent informed me that I'll require:

1. Brokerage statement.

2. A letter from a foreign company confirming I have retired.

#1 is easy. #2 may involve some creativity.

No mention of 'pension institutes' this time. Gotta love the consistency.

I guess I'll get one of my old jobs to write something to the effect that I worked there and have now "retired".

If you read JoeKhmer’s first post in this thread, there’s ample information about this. If you are officially retired in the UK (for example for reason of disability, or if you’ve reached the age of retirement), I’m sure you can get a letter from Social Services (or whatever it’s called in the UK), stating that you’re retired. From your description, you’re not officially retiring, eg your plan is to live off your savings/investments until retirement, so I’m not sure if you can get that document. You could probably get a business visa instead, I heard it’s about the same price and quite easy to get, but I don’t know the requirements for that.

Thanks for that.

I'll visit PP (again - always fun) during one of my breaks and see an agent face to face.

Then I'll be able to map a way forward.

I guess an EB extension would allow me to do some part time teaching or something.

However, I'd prefer ER. (Don't really want to do anything other than be retired).

Worst case scenario is the 6 month EG extension. Gives me time to get my shit in one sock.

Cheers

I’m not sure if you’ll actually have to be doing business just because you have a business visa. I guess a good agent should know what kind of checks are in place (taxes and such).

numpty11 :

Hi Joe,

Great info. Hope you can help me here.

After 15yrs in Thailand it's time to retire. I have $150k in a well-known brokerage account paying $1k/month in dividends.

I intend to live on those dividends. I'm 46. A UK citizen.

I've emailed a few visa agents in PP and they've all said it's enough coin.  Awesome!

However, they also mentioned "a letter from your country's pension institute" but failed to explain what/where/who this institute is??

Does the UK even have a 'pension institute'?

Could you please advise.

Best wishes
Escaped Brit

Hi.

Get yourself a good agent, write with help of the agent a letter stating that you are retired, don't want to work and live of funds from abroad. Sign and thumb print.

That's all.

Cheers

Joe

Hey Joe,

Thanks for that. FYI I've been communicating with an agent called Kim. She's been very helpful and it looks like we've mapped a way forward. Basically, we've done what you've just said. So all's good.

Best wishes
Escaped Brit

She is the one I use and recommend   :D

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