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Showing content with the highest reputation on 02/05/2019 in all areas

  1. 1 point
    Or as many call them marriage and retirement visas... but in reality they are Extensions to Permissions of Stay, issued by domestic immigration, based on marriage or retirement, not visas. We have all heard the recent fuss as 4 Embassies stopped issuing the obligatory 'income letters'. But Immigration accommodated them by offering a proof of income into Thailand alternative. Show us the money being transferred in every month. A lot of complaints, but it was an alternative. I laid back smugly thinking I can easily continue with my 800k retirement based extension, money seasoned for 3 months each renewal! Now in a move to apparently eliminate the agent bypassing this method, the rules (goalposts) are to be moved again. Rather than sorting out the devious shenanigans in immigration (how else does an Expat get an Extension if he doesn't demonstrate the cash in a Thai bank account), my regular method is to be made somewhat more onerous. Surely it would be simpler to just mandate all applications are made in person, or find out who stamps all the applications the agents bring in, a pile of passports. Maybe it also ensures an Expat has cash available for medical treatment, removing the other rumour of obligatory medical insurance! Get treated, spend the money, and then have to leave! But one has to think they just want rid of us! Here it is,,,,, Foreigners now need to keep 800k in Thai bank for three months AFTER retirement extension is granted. Confirmed in police order No. 35/2561, foreigners who apply for a retirement extension using the 800k baht in the bank or the combination of income method now need to keep 800k baht in the bank for three months after the extension and 400k baht in the bank after that Source. Thai Visa.
  2. 1 point
    Two options, independent retirement extensions or one with your wife piggy backing on yours with no financial requirement. Bank amounts per OP.
  3. 1 point
    Deposits are insured up to 1 million THB. http://www.dpa.or.th/ewt_news.php?nid=320&filename=index___EN
  4. 1 point
    Anyone who buys anything from Louis Vuitton definitely has more money than sense.
  5. 1 point
    I agree, but under the new rules the minute you use any of the 800k for an emergency during the five month period around your extension date you've invalidated your visa. Another point about the new rules is they've effectively increased the 800k requirement to 1.255 million. To arrive at this number I used their 65k/month as a minimum income requirement then figured for five months I'll be able to live off the 800k deposit, but for the remaining seven months I'll need an additional 455k (7 * 65) brought over. Good we still have the monthly income method to use as I'll be using that method after my next extension.
  6. 1 point
    It's probably not a bad idea to keep 800,000 baht in a Thai bank at all times, just as an emergency cushion. And depending on your currency at home, it might turn out to be a profitable move.
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