[10 Million Baht Investment Visa - Fixed Deposit]

19 hours ago, SCOTT FITZGERSLD said:

the problem with THB fixed deposit is that the thai baht is going to depreciate in value in 

the next few months.

so i your base currency is USD, you might lose even 10% on your investment in thai currency (THB/USD

rate should be around 35-37 in few months to a year).

 

interesting to mention, that cambodia gives 6-8% annual return on FD in USD !!

MIN. amount can be 3000-4000 USD !!

Hi what is your analysis of THB to say its going to fall to 35-37?

 

im holding a significant amount of MYR atm and am thinking of trickle feeding into THB. 

[10 Million Baht Investment Visa - Fixed Deposit]

28 minutes ago, ubonjoe said:

When was that?

It does not state that on the requirements in clause 2.5 of the police order.

"4) Must have evidence of investing in the form of a fixed deposit of no less than Baht 10 million with a bank which is registered in Thailand and has Thai nationals holding more than 50 percent"

 

I also read that it need to be thai bank during my research

[10 Million Baht Investment Visa - Fixed Deposit]

1 hour ago, johnson36 said:

If you have a 10 million baht condo why sell it to put the money in a Thai bank account to earn very little interest when you could just rent the condo out for maybe 40k baht a month and keep the investment visa. If i am correct at 40k a month on 10 million condo then that would be 480,000 a year, minus communal fees and agents fees etc you should clear 4%. What do the banks pay in interest ?

Im currently getting 4.1-4.3% from malaysian banks fd, but very interested in thai fd rate

[10 Million Baht Investment Visa - Fixed Deposit]

47 minutes ago, Oxx said:

Based upon experience:

 

(1) It has to be a Thai government bank, e.g. Krung Thai.

 

(2) When it comes to rolling over a fixed deposit that may, or may not be accepted.  In my case, after a few rollovers Immigration decided that the money hadn't been permanently in an account (even though the rollover was done on the same day), and so refused to extend my extension of stay.  I suspect a factor may have been that that year I was eligible for an extension of stay based upon retirement.

Rollover as in automatic renewal of fd?

[10 Million Baht Investment Visa - Fixed Deposit]

I am also interested in this topic, I currenty have 1.300.000 MYR in FD in Malaysia Bank earning 4.1 - 4,3%. This is about 10.000.000THB.

 

Do you guys know if I can get a similar % in Bangkok?

 

What was the process of transferring a large amount like this like? The most i've transferred overseas at one time is around 100k THB.

 

Does the bank ask you where the money came from? How to prove its legit if it was an inheritance (in my case)

 

How easy is it to transfer the 10mil back to malaysia in case I need to? Is there a lot of documentation or is this a 'small matter'?

[Under 30, self employed, RM1.3mil, Malaysia Citizen, NZ PR]

There are a lot of great strategies here. I get a bit confused all the different types of visa terminology and will need to study up on that more.

 

it seems like the safest and best value is to go for 1-2 years of a non commital tourist visa then decide on a long term method.

 

Doing the maths , at 500k per 5 years is about 8.5k THB per month, that is quite large expenditure as i dont consider myself "rich" so i will probably keep looking for alternative methods. Thats half a honda civic! Or 3 years of rent payments.

 

i read stories of foreign husbands losing property to the thai wife and have little recourse, this type of story gives me a bit of apprehension for tranferring such a large amount into Thailand. If it was another country like autralia then it would be another matter.

 

on a side note: does anyone know how i would be able to provide prove of funds is mine through inheritance? My dad transferred me the FD without a written will etc, we are a stoic type and dont talk about money or anything really

[Under 30, self employed, RM1.3mil, Malaysia Citizen, NZ PR]

Hi there,

 

I have done a few days of reading regarding ways of staying long term (2-5 years) in Thailand with the best value for money, and stumbled upon this forum so I want to ask for some input.

 

My circumstances are :

1) Aged below 30

2) male

3) Malaysian citizen

4) New Zealand permanent resident with option to get citizenship (but will have to hide it from Malaysian Customs)

5) Currently earning 3-7k NZD per month (fluctuates a lot)

6) Have RM1,300,000 in fix deposit Malaysia account, 4.1-4.3% interest. equal to about 10,000,000 THB.

 

Now i've so far thought of several strategies:

1) keep everything the same, and fly in and out every 30 days, or 60/90 if that's possible with extension.

2) buy elite visa card 500,000 THB, stay up to 5 years

3) Deposit 10,000,000 THB in Thai bank FD, stay up to forever

4) Attempt to get APEC card from Malaysia, stay up to 90 days

5) Get NZ Citizenship , then get APEC from NZ (NZ APEC seems easier than Malaysia from general research), stay up to 90 days

6) marry thai girl

 

option 1 is the least financially risky, but annoying

option 2 and 3 are very expensive and risky manoeuvres

option 4 seems like a long and unpredictable process, i have dealt with malaysian bureaucracy before and i don't want to do it again

option 5 seems the easiest and cheapest option to get at least 90 days stay, meaning 4 hops per year. The risk is that I need to enter/exit the countries in exact fashion or risk giving up my malaysia citizenship (I do not want to ever give this up)

option 6 is perhaps the most costly and risky, i don't think I will go that far

 

Are there any other methods that I haven't thought of?