It’s never too early to start retirement planning! After all, we all want to spend our golden years in comfort and bliss – without stressing over finances and considerations like accommodation. Because of Singapore’s high cost of living, it might be worth looking overseas for more comfortable and affordable living situations for retirees. If you’re intimidated by the logistics of retiring overseas, ATC Business Centre is an agency that offers a comprehensive service that will help handle logistics, Cambodia visa applications and accommodation. Want to know more? Here are five reasons Cambodia is one of the best places to retire in Asia.
#1 Cambodia’s low cost of living lets you stretch your dollar
Cambodia is one of the best places to retire to in Asia because of the cost of living – an important consideration for retirement planning! Food, transport, rent and property prices are far lower than they are in Singapore. In fact, Cambodia’s capital Phnom Penh ranks 352 on Numbeo’s Cost of Living Index 2022. As an example, a one-bedroom apartment with gym and pool facilities can be rented for as little as US$700 a month. Dining is also exceptionally cheap. A meal at a fine-dining restaurant like Topaz can be priced as low at US$25 while a meal at a local restaurant will set you back just US$4. The Cambodia visa for retirees is also affordable, costing approximately US$300 a year.
#2 There’s plenty to keep you occupied in Cambodia
With a base in Cambodia, you’re in a prime location to explore the country’s most popular attractions. Phnom Penh has a burgeoning dining scene with upmarket cocktail bars and fine restaurants. For the culturally inclined, retirees can spend their days exploring the city’s many Buddhist temples. Staying in Siem Reap, one of the country’s most popular tourist destinations, affords similar benefits and is relatively safe. You’ll also be within easy reach of Angkor Wat – Cambodia’s most famed cultural icon and a UNESCO World Heritage Site.
#3 Live the resort life – all year round!
Want to enjoy resort living all through retirement? ATC Business Centre is partnered with a resort in Siem Reap that provides long-term low-cost accommodation. The rates include breakfast, and accommodation is available immediately. The resort’s facilities include a big swimming pool, games room, air conditioning and more. If you’re concerned about medical care or feel that you may require the services of a nurse in the future, ATC Business Centre is working on partnerships with nursing homes in Cambodia for the future.
#4 An international airport with many connecting flights
Retiring in Cambodia doesn’t mean you have to be disconnected from your friends and family! These days, it’s common to have friends and family rooted across the globe. Because of Cambodia’s status as a popular Southeast Asian travel destination, you’ll have plenty of flights to connect you to Singapore, Australia and beyond. There are also a mix of both budget carriers like Jetstar and world-renowned carriers like Singapore Airlines that fly to Phnom Penh and Siem Reap regularly.
#5 Easy Cambodia visa applications
When you’re enjoying your golden years, the last thing you want to concern yourself with is complicated paperwork. Cambodian retirement visas can be renewed yearly and are easily approved. The requirements are quite straightforward as well; retirees simply need to be 55 or older, unemployed, show documentation proving retirement and sufficient funds. ATC Business Centre will also help you keep abreast of any processes and deadlines.
Get help with retirement planning from ATC Business Centre
Convinced that Cambodia is one of the best places to retire in Asia? There’s no time like the present to start planning. ATC Business Centre offers comprehensive solutions for retirement planning that include logistics, accommodation and handling applications for your Cambodia visa. For more information on available services, email ATC Business centre at this address: firstname.lastname@example.org.
Written in collaboration with ATC Business Centre.
Planning on staying here instead? Here are some of the best places to live in Singapore!