Jump to content

Thai immigration considers forcing some retirees to show 800k in bank EVERY THREE MONTHS: report


webfact

Recommended Posts

Thai immigration considers forcing some retirees to show 800k in bank EVERY THREE MONTHS: report

 

 Thai-Visa.jpg

 

Thai immigration is considering forcing some retirees to show a bank statement with 800,000 baht balance every three months.

 

According to a report by Fabulous 103FM, the move is one of a number of measures being considered by immigration chiefs to stop the practice of foreigners paying back-handers to visa agents to create fraudulent bank statements which are then submitted when applying for retirement visa extensions.

 

The proposed requirement to show 800,000 baht balance every three months would only apply to foreigners who are unable to show “a suitable monthly income”, the report said.

 

If the proposals are approved it would be almost impossible for expats who did not meet the financial requirements needed for a retirement extension to remain in Thailand.

 

The move would also help rid Thailand of unscrupulous visa agents.

 

The proposals, which Thaivisa has been unable to confirm, were first reported on Fabulous 103 FM’s news bulletin on Thursday morning.

 

You can listen to the bulletin below.

 

The immigration story begins at 42 seconds.

 

 

 

 

thai+visa_news.jpg

-- © Copyright Thai Visa News 2019-01-31
 
 
 

UPDATE 19.21 31st Jan 2019: Foreigners now need to keep 800k in Thai bank for three months AFTER retirement extension is granted

 

Full story: https://forum.thaivisa.com/topic/1081671-foreigners-now-need-to-keep-800k-in-thai-bank-for-three-months-after-retirement-extension-is-granted/

Link to post
Share on other sites
  • Replies 237
  • Created
  • Last Reply

I understand why they are doing this but what really is the point of having 800K in the bank if you can never use any of it it without invalidating your extension?


Sent from my iPad using Thaivisa Connect

Link to post
Share on other sites
1 minute ago, Dmaxdan said:

I understand why they are doing this but what really is the point of having 800K in the bank if you can never use any of it it without invalidating your extension?


Sent from my iPad using Thaivisa Connect

Just maybe its nice for the banks in Thailand 

Link to post
Share on other sites

I suppose bank statements could be forged by agents but I think most people here have bank accounts with passbooks and if these have to be shown it should be pretty difficult to get extension unless IO is very complicit in this corrupt practice

Link to post
Share on other sites

Bizarre. Immigration blaming expats when in fact agents wouldn't exist if corrupt Immigration were not taking bribes.
Surely the solution without starting a whole new set of rules would be to......


NOT TAKE BRIBES,!!!

Link to post
Share on other sites
5 minutes ago, NCC1701A said:

for god's sake get a clue and just put the 800,000 baht in the frickin' bank and be done with it.

And then import further money every month to live on? Stupid idea.

Link to post
Share on other sites

I keep making personal adjustments to accommodate the retirement visa's ever moving requirements.

 

There is a point where the constant hassel becomes too much...we are fast approaching that point.

 

Love most everything about Thailand except its inability to produce a stable immigration policy.

Link to post
Share on other sites
23 minutes ago, webfact said:

retirees to show a bank statement with 800,000 baht balance every three months.

So it would effectively lock in the 800,000 - some retirees are able to use that money for a large portion of the year

 

Link to post
Share on other sites
11 minutes ago, ocddave said:

I think ultimately, people are just going to leave, the constant ever-changing hassles will be too overwhelming.

 

1 minute ago, Prairieboy said:

So it would effectively lock in the 800,000 - some retirees are able to use that money for a large portion of the year

 

Vietnam here we come.

Link to post
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Guest
This topic is now closed to further replies.
  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...