🇹🇭 Thailand vs 🇸🇬 Singapore
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇹🇭 Thailand | 🇸🇬 Singapore |
|---|---|---|
| Tax System | Territorial (changing) | Territorial |
| Income Tax (Foreign) | 0-35% (local income) | 0-24% |
| Capital Gains Tax | 0% (foreign, if not remitted) | 0% |
| Corporate Tax | 20% | 17% |
| Residency Requirement | LTR Visa ($80k/year income) | EntrePass or Employment |
| Minimum Stay | 180 days for tax residency | 183 days for tax residency |
| Cost of Living | Low ($1,200-2,500/mo) | Very High ($4,000-7,000/mo) |
🇹🇭 Thailand
Highlights
- ✅Amazing lifestyle
- ✅Low cost of living
- ✅Great food and culture
- ✅Digital nomad friendly
- ✅Good healthcare
Considerations
- ⚠️Tax rules changing in 2024
- ⚠️Visa can be complex
- ⚠️Language barrier
Best For
- 👤Lifestyle seekers
- 👤Digital nomads
- 👤Retirees
🇸🇬 Singapore
Highlights
- ✅Zero capital gains tax
- ✅Territorial system
- ✅World-class infrastructure
- ✅English speaking
- ✅Global finance hub
Considerations
- ⚠️Very expensive
- ⚠️Hard to get residency
- ⚠️Hot and humid
Best For
- 👤High earners
- 👤Entrepreneurs
- 👤Finance professionals
Which Should You Choose?
Choose Thailand if: You prioritize amazing lifestyle and low cost of living. Ideal for lifestyle seekers, digital nomads, retirees.
Choose Singapore if: You prioritize zero capital gains tax and territorial system. Ideal for high earners, entrepreneurs, finance professionals.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.