Retire in Thailand
Posted: Thu Jan 17, 2019 8:21 am
Looks like Thailand could have a winner with this.
https://newsletter.thaivisa.com/l/K7ZLJ ... rqXp6LhYCg
https://newsletter.thaivisa.com/l/K7ZLJ ... rqXp6LhYCg
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Applicant must be aged 50 years or over (on the day of submitting application)
Applicants must be nationals and passport holders of eligible countries, namely; Japan, Australia, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Sweden, Switzerland, the United Kingdom of Great Britain and Northern Ireland, Canada and the United States of America.
Applicant must have a bank deposit of no less than 3 million baht (approximately $120,000 CAD) in Thailand or a bank deposit of no less than 1.8 million baht (approximately $72,000 CAD) and annual income of no less than 1.2 million baht (approximately $48,000 CAD). Such amount must be maintained in bank deposit in full for at least one year, and no less than 1.5 million baht (approximately $60,000 CAD) thereafter.
Applicant must have Thai health insurance for the duration of stay, with coverage for outpatient treatment of no less than 40,000 baht (approximately $1,600 CAD) and inpatient treatment of no less than 400,000 baht (approximately $16,000 CAD).
Applicant not prohibited from entering the Kingdom as provided by the Immigration Act B.E. 2522 (1979)
Having no criminal record in Thailand and the country of the applicant’s nationality and residence.
Not having prohibitive diseases ( Leprosy, Tuberculosis, drug addiction, Elephantiasis, third phase of Syphilis) as indicated in the Ministerial Regulation No. 14 B.E. 2535
Not sure why you think you know more about future Thai visa policy than the Head of Immigration and the guy in charge of government policy. I think it’s completely feasible that these changes which make common sense would be a distinct possibility. As you highlight the 90 day report is a complete pointless exercise which still requires manpower, so why wouldn’t scapping that not seem logical ? 10 year visa, why not steal a lead against the competition, it makes sense if the terms are right and don’t have to be of the “elite” variety. This guy does seem to be a bit more progressive and willing to see both sides of the equation and apply common sense even if it goes against the party line.phuketrichard wrote: ↑Thu Jan 17, 2019 9:25 am wont happen.....
10 year visa? at what cost? until they tell you what u need to get it, nothing but hot air
90 day report is no big deal, did my on monday online, took all of 5 minutes..
yes needs be in the bank, ( 2 months for 1st extension, 3 months for each one after)Pizzalover wrote: ↑Fri Jan 18, 2019 5:14 am Just calculate the loss of interest or other income from the money that will be stuck in a Thai bank.
Richard, pls correct me if I am wrong, but aren't those deposits needed for the visa, speak 800k baht, no-interest deposits?
Even if they pay some interest it could be way south of 2%.
Malaysia already offers a 10 year long stay visa ( called the second home program) and has for years and u don't even need be over 50!...why not steal a lead against the competition...
Whats required wrt visa type etc to qualify for opening a Thai Bank account 2-3 months prior to applying for the first retirement visa ?phuketrichard wrote: ↑Thu Jan 17, 2019 4:44 pm BUT u do need be over 50 an have 800,000 baht in the bank for 2 -3 months before u apply for extension
OR
a pension of 65,000 baht sent each month into thailand