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BANGKOK 17 February 2019 23:43
julot

TE Elite Visa Feedback

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One of the banes in retiring here is the valueless 90-day reporting. Unfortunately, even ponying up a million baht (US$30,750) does not spare you this annoyance: 

"Members have to do 90-day reporting of address every 3 months of continuous stay.

The process is as follows:

Drop passport with a completed TM47 form at our office from 09.00 – 15.00 every Tuesday.
EPL staff will take the passport with TM47 form to the immigration office on Wednesday.
Passport can be collected at the office on Thursday from 09.00-15.00."

 

So actually, you have to make TWO trips to the immigration office for the 90-day report, whereas we plebeians can get it done on the spot. 

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34 minutes ago, Trujillo said:

So actually, you have to make TWO trips to the immigration office for the 90-day report, whereas we plebeians can get it done on the spot. 

that's not true. you still have the same options as others, do it yourself in person at immigration (same day), or send it by mail or try it online. Affitionally, Elite provides free service for drop off/pick up at an agent (not immigration) in downtown CM but I agree, I do not see any much value here unless living nearby.

 

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I don't want to "bash" the elite (I am "elite," just not on that visa 😉 ), but what is the motivation for giving over 30K USD to the government so you can have a few perks? Extending your visa every year isn't a ball-breaker, really. It's not like an annual root canal. I guess every five years would be nicer, but at the cost? 

 

You could fund an orphanage for a few years with a million baht. 

 

I mean, I could afford an elite visa package, but the benefits (limo service from the airport? I have a limo [looks like an SUV, though] at the airport to take me privately home and it costs me 250 baht) don't justify the cost. A health check-up costs under US$100 at Lanna Hospital (and they do a good job, too).  A discount on some spa treatments and golf? If you are elite, you don't worry about green fees....

 

I'm just curious what the fundamental reason is to pay what I think anyone would say is an astronomical cost for very little return. 

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2 minutes ago, Trujillo said:

I don't want to "bash" the elite (I am "elite," just not on that visa 😉 ), but what is the motivation for giving over 30K USD to the government so you can have a few perks? Extending your visa every year isn't a ball-breaker, really. It's not like an annual root canal. I guess every five years would be nicer, but at the cost? 

 

You could fund an orphanage for a few years with a million baht. 

 

I mean, I could afford an elite visa package, but the benefits (limo service from the airport? I have a limo [looks like an SUV, though] at the airport to take me privately home and it costs me 250 baht) don't justify the cost. A health check-up costs under US$100 at Lanna Hospital (and they do a good job, too).  A discount on some spa treatments and golf? If you are elite, you don't worry about green fees....

 

I'm just curious what the fundamental reason is to pay what I think anyone would say is an astronomical cost for very little return. 

If it is just you and for 5 years it is 500K not a million.  There is no proof of income required.  Also, you don't have to keep 800K in a Thai bank for at least 3 months every year.  The perks, such as they are, are really not a consideration.  Some people just prefer to live a hassle free life or as close to it as possible and if they have the money, why not.  

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8 minutes ago, Trujillo said:

I'm just curious what the fundamental reason is to pay what I think anyone would say is an astronomical cost for very little return

A good reason is for under 50's who aren't married and are financially secure.  Back to back tourist visas /ED visas are getting harder and harder to get.

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8 minutes ago, BigT73 said:

A good reason is for under 50's who aren't married and are financially secure.  Back to back tourist visas /ED visas are getting harder and harder to get.

I thought that if you suffered from ED you didn't get a visa.  You got a little blue pill.

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"Also, you don't have to keep 800K in a Thai bank for at least 3 months every year."

 

But for the well-heeled expat, that's peanuts. It really doesn't make any difference at all. I keep mine in there all year 'round, every year. Collect the interest annually and never think about it. 

 

I was basing the one million on what the OP posted initially. That was his figure, not mine. ("...considering purchasing Elite visa (20-year for 1M).")

 

Obviously, it's the OP's money and he can do what he wants, but five years' worth of extensions costs 9,500 baht. Is only having to appear to extend every five years worth 1,000,000 baht? (That's 200,000 baht a year.) Or even 500,000 baht? (100,000 baht a year.)

Pay 1,900 baht or 100,000 baht (equivalent)? 

 

And let's be clear; that's the crux here. The rest of the perks are more or less meaningless (particularly for the wealthy). 

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7 minutes ago, Trujillo said:

I'm just curious what the fundamental reason is to pay what I think anyone would say is an astronomical cost for very little return.

Ok. I have reported these posts before as off-topic but they keep coming back 🙂 so I will try to answer this once for all:

- someone who cannot access non-immigrant visa (no thai kids, wife and below 50) and who would like to stay in TH long-term   

- someone who is tired of dealing with non-immigrant 1 year extension and new requirements coming up every year (witnesses for marriage, financial for retirement... and wait.. there will be more..)

- someone who works offshore and cannot plan to be in Thailand for the extension period (especially marriage visa with 1-month consideration). 

- someone who wants simply hassle-free guaranteed visa for next 5/20+ years. high position in government likely going to stay a long time and they clearly are interested in quality tourists and residents, and I expect they will make it harder and harder for low-income residents to stay (already did with new financial requirements, talks of health insurance ongoing..). Thailand is developing, the cost of living will keep going up. Financial requirements will increase and I assume elite fees might too.  Having a long-term visa will give many a peace of mind.

- someone who travels often on business trip (especially from bangkok) and would appreciate the use of limo rides, departure/arrival lounges, and fast track lanes.

 

Personally, I am married to a Thai wife but for many of the reasons above (below 50, offshore work, financially secure, in Thailand 2-4 months max at a time, cannot plan marriage extension dates, tired of changing requirements) I am considering getting an elite visa in a few months. In 20 years, I won't be working anymore and leaving TH so often, so if the retirement visa is still around and easy to renew, I will use it instead. 

 

While 50K THB/year (1M for 20y visa) may seem an outrageous amount for some. For others, it may be a small amount that gives long-term hassle-free visa and peace of mind, and may be well a good "investment". 

 

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3 hours ago, julot said:

Ok. I have reported these posts before as off-topic but they keep coming back 🙂 so I will try to answer this once for all:

- someone who cannot access non-immigrant visa (no thai kids, wife and below 50) and who would like to stay in TH long-term   

- someone who is tired of dealing with non-immigrant 1 year extension and new requirements coming up every year (witnesses for marriage, financial for retirement... and wait.. there will be more..)

 

I selected just a short passage, but I agree with everything posted above. 

 

The most important, I think, is that once you have a 10 or 20 year visa, you are not subject anymore to the constant visa policy changes that are a local trademark... not to mention the whims of IOs who may or may not accept you or your request, for mysterious reasons. 

 

It is not because you have, say a retirement visa this year, that you will be able to have one 3 years from now... who knows? 

 

Having a long term visa is also worth it when you have invested in the country, like buying a nice house or condo for example... before spending 5 or 10 millions in a home, you prefer to be sure that you will be able to enjoy it. 

 

Until recently, it was never a problem, but things are changing, and not for the better if you happen to not be a Chinese... 

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"It is not because you have, say a retirement visa this year, that you will be able to have one 3 years from now... who knows?"

 

Fearmongerer.

I've had a retirement visa for 10 years here. NOTHING has changed for me. Can you give some examples of people who had a retirement visa and rules changed such that they no longer can have that? 

What are you expecting might happen in three years? 

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17 hours ago, Brunolem said:

Having a long term visa is also worth it when you have invested in the country, like buying a nice house or condo for example... before spending 5 or 10 millions in a home, you prefer to be sure that you will be able to enjoy it. 

TE Elite visa permits you to buy a house? You in your name?

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"TE Elite visa permits you to buy a house? You in your name?"

 

Nope. 

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On 12/31/2018 at 10:56 AM, Trujillo said:

I don't want to "bash" the elite (I am "elite," just not on that visa 😉 ), but what is the motivation for giving over 30K USD to the government so you can have a few perks? Extending your visa every year isn't a ball-breaker, really. It's not like an annual root canal. I guess every five years would be nicer, but at the cost? 

 

And how do you propose under 50s without a Thai wife do an annual extension ?? 

The elite visa is the perfect fit for those HNW early retirees. 

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Posted (edited)
20 hours ago, AAArdvark said:

No, but you can buy this particular condo and get a free 20 year visa:

 

https://www.thai-elite.com/free-visa.html

Bad deal. At your link the cheapest 1 or 2 bedroom condos are more than 1MB more expensive than here https://www.thailand-property.com/condo/7404/southpoint-pattaya  By example you pay with the visa 10.3MB for the cheapest 2 bedroom condo but only 8.8MB when you buy it without visa. So you waste 0.5MB when the visa is worth 1MB.

Edited by CNXexpat

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