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davidge

10-year visas for over 50's approved

165 posts in this topic

Pattaya Business Services

It seems its a new option but will it become the only retirement Visa option in the near future ?

 

Apart from the increase in the financial requirements the compulsory heath insurance is quite a game changer as that is new.

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Saying it will replace the current retirement Visa will cause some worries for sure. Added to that not being able to draw on it seems bizarre. Leaving it in the bank till you basically die or leave Thailand serves no purpose. Just saw you just can't Touch it for 12 mths. Unusual but doable for some.

Edited by Tarl

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Saying it will replace the current retirement Visa will cause some worries for sure..

That is what I thought when reading it but I suspect the article is just poorly written. I suspect instead of replace they actually mean that it is an alternative.

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Saying it will replace the current retirement Visa will cause some worries for sure. Added to that not being able to draw on it seems bizarre. Leaving it in the bank till you basically die or leave Thailand serves no purpose. Just saw you just can't Touch it for 12 mths. Unusual but doable for some.

 

It doesn't say that as it says:

 

monthly salary of at least 100,000 baht or have more than 3 million baht in their bank account, which cannot be withdrawn within the first year after receiving the Visa. So only first year can't be withdrawn?

 

Either way, still have to do 90 day report and 100K baht a month means you'll likely die of alcohol/fun poisoning before 10 year Visa expires anyway :) 

Edited by aussieoutcast

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That is what I thought when reading it but I suspect the article is just poorly written. I suspect instead of replace they actually mean that it is an alternative.

Hope so although can't see the sense of this being an alternative as it has the same reporting conditions and just increased 65k a month to 100k with a health insurance extra.

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I was thinking the usual retirement scams will be available. Maybe thats the idea of the 3m not being withdrawn the first year. Avoids that scam

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It doesn't say that as it says:

 

monthly salary of at least 100,000 baht or have more than 3 million baht in their bank account, which cannot be withdrawn within the first year after receiving the Visa. So only first year can't be withdrawn?

 

Either way, still have to do 90 day report and 100K baht a month means you'll likely die of alcohol/fun poisoning before 10 year Visa expires anyway :)

Big issue is many won't have that much conning in monthly.

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Haha, this is going to fuck you guys who are getting buy with only 800K in the bank and yearly renewals.

Yes you and other trolls will no doubt feel good about anything that may cause problems for others.

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Haha, this is going to fuck you guys who are getting buy with only 800K in the bank and yearly renewals.

Why the 'haha' ?

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Why the 'haha' ?

 

I guess I was indeed trolling, mostly because I doubt it will happen and like to see people get all ruffed up when this topic comes up. I'm sorry. I was actually hoping to use the 800K scheme when I reach the required age, they will have surely have raised it by then though. :(

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I guess I was indeed trolling, mostly because I doubt it will happen and like to see people get all ruffed up when this topic comes up. I'm sorry. I was actually hoping to use the 800K scheme when I reach the required age, they will have surely have raised it by then though. :(

Humour sometimes doesn't translate on forum discussions :-)

 

Not everybody is rich and after a life of hard work I'm happy for the people who can enjoy the rest of their life living a simple life in the place they always wanted to be.

 

Also I hope that the pound gets stronger again, that the euro doesn't collapse and that the situation in the USA soon gets back to normal. I don't know if that is realistic but I do know that people who are not hoping for this to happen are nasty people.

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Humour sometimes doesn't translate on forum discussions :-)

 

Not everybody is rich and after a life of hard work I'm happy for the people who can enjoy the rest of their life living a simple life in the place they always wanted to be.

 

Also I hope that the pound gets stronger again, that the euro doesn't collapse and that the situation in the USA soon gets back to normal. I don't know if that is realistic but I do know that people who are not hoping for this to happen are nasty people.

 

I think TH and PH are just getting too rich they just don't need us any more - and other Asians in the region are coming in cashed up. Koreans, and soon the Chinese are already changing AC.

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The Bangkok Post confirms this replaces the existing retirement arrangements.

 

http://www.bangkokpost.com/business/tourism-and-transport/1141756/10-year-visa-for-senior-tourists

 

No mention if those currently using the existing retirement option will be subjected to the new schemes criteria or not.

 

For many retired guys I hope not because many just will not have the money and quite a few will be unable to get the medical insurance at a reasonable rate if at all.

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The Bangkok Post confirms this replaces the existing retirement arrangements.

 

http://www.bangkokpost.com/business/tourism-and-transport/1141756/10-year-visa-for-senior-tourists

 

No mention if those currently using the existing retirement option will be subjected to the new schemes criteria or not.

 

For many retired guys I hope not because many just will not have the money and quite a few will be unable to get the medical insurance at a reasonable rate if at all.

 

If that's the case it probably will apply to all, since they way they have it organized the extension must be renewed yearly.  Game changer...

 

Check in to the Philippines SRRV Visa.

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It would replace one-year renewable Visas and come in two installments of five years each, Athisit said. It was not immediately clear when the plan would be implemented.!!!!!!!!!!!!!!!!

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The Bangkok Post confirms this replaces the existing retirement arrangements.

 

http://www.bangkokpost.com/business/tourism-and-transport/1141756/10-year-visa-for-senior-tourists

 

No mention if those currently using the existing retirement option will be subjected to the new schemes criteria or not.

 

For many retired guys I hope not because many just will not have the money and quite a few will be unable to get the medical insurance at a reasonable rate if at all.

mmm..perhaps there is a replacement going on. This may benefit those who can easily get an income statement from their embassy without having to provide any proof of income.

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mmm..perhaps there is a replacement going on. This may benefit those who can easily get an income statement from their embassy without having to provide any proof of income.

I know US citizens don't need any proof to get the letter and I think I've heard the same applies to Australians but most others do.

 

The issuing of the embassy letters though is down to the individual counties embassies, maybe the Thais shouldn't accept any embassy letters and just rely on cash up front ?

 

Saying that though this retirement thing is partially about pensions and there is no way the Thais are going to check on everyone's so they trust the embassies will only provide a letter that they know is true.

Not just based upon what one of their citizens has told them.

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I hadn't realised when I made the first post that this was meant to be a REPLACEMENT for the current arrangements.

If so, and if it is implemented, it's really going to make things difficult for many people.

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I hadn't realised when I made the first post that this was meant to be a REPLACEMENT for the current arrangements.

If so, and if it is implemented, it's really going to make things difficult for many people.

And a total collapse of the real estate market as many would need to sell their condos by leaving ..... making prices plunging as many same moment sales... :Think1: ' now even I start rethinking of buying .... as this government is not to trust ..... better keep Sihanoukville as a reserve in mind .for that.... :GoldenSmile1:

Edited by david555

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