The United Kingdom has decided to leave the European Union following the referendum and subsequent activation of Article 50. They will seek trade negotiations with other countries. This has had a significant impact on the British economy and the British people. One major result has been the decline in the value the pound. Economists predict that the value of the pound won’t fall below 90% from its value prior to the June 2016 referendum.
This presents both risks and opportunities for a British citizen living in Asia, including investment outside of the UK. Being paid in Pounds and living outside the UK will increase my value. But why rush to do anything? We don’t know what the effects of a full EU exit will be, so we can just wait and see. There are many investment opportunities that could prove profitable in the interim. Here’s a list of countries in Asia that might be worth your time.
Cambodia
Once a war ravaged developing country. This small country in South East Asia has seen a steady economic growth and stability over the past decade. Although house prices are rising steadily, the cost of living is still very low compared to other countries. Profitable investments in Cambodia are attracted by property and businesses.
Thailand
Although South East Asia is the most developed, there are still many opportunities. There are many property developments all over Thailand, and the smaller towns are growing in number. Working in Thailand if you have a particular skill is very advantageous. However, it is not easy to start a Thai business if you don’t know anyone.
Myanmar
This country, after years of military rule is now like a newborn baby waiting to walk for the first time. Already, there are malls, banks, and restaurants popping up that are unheard of. Myanmar offers many investment opportunities and will continue to offer them for many years.
Vietnam
Vietnam invests heavily to attract tourists to the smaller towns and beaches outside of Hanoi and Ho Chi Minh. The infrastructure is improving steadily and property prices are well below regional average. This region is more developed than Cambodia, Myanmar and possibly Thailand but not as much as Thailand. It offers unique opportunities for small and medium-term investors.
Malaysia
Malaysia’s diversity is the best thing about it. Its proximity to Thailand, Singapore and Malaysia as well as the fact that it shares 2 parts with Borneo’s 2 provinces. English is spoken widely in Malaysia, making it easier to start a business than in many other countries. There are many investment opportunities outside of Kuala Lumpur. These towns are stable and safe, and are growing rapidly.