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New financial regulations for retirees: Nearly a third of expats may have to leave - but half on Facebook say they're off!


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New financial regulations for retirees: Nearly a third of expats may have to leave - but half on Facebook say they're off!

 

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Two Thaivisa straw polls - one on the forum and one on Facebook - have indicated that many expats will be calling it quits in Thailand. 

 

But while nearly half of those on Facebook said they would be leaving nearly 70% on the forum expected to ride out the storm.

 

The polls were undertaken in the wake of new regulations issued by Thai immigration retiring retirees to lodge money for several months in a Thai bank account.

 

On the forum people were asked the question: Will the new financial requirements force you to leave?

 

7.9% said Yes

22.72% said it would seriously jeopardize their stay

69.38% said they would not have to leave.

 

This meant that nearly a third were in the category of leaving for sure or at least being in jeopardy.

 

On Facebook a similar question was more clear cut.

 

Asked if the tough new financial requirements for retirement extensions (visas) would force people to leave:

 

49% said Yes

51% said No.

 

On the forum 461 people responded to the survey. On Facebook there were 968 respondents. 

 

 

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-- © Copyright Thai Visa News 2019-02-04
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It does appear that this administration, and especially the biggest joke, are trying to do everything in their power to discourage ex-pats from staying here. Does it not? These imbeciles should be making our lives easier, and making visa policy simpler. Rather they seem to be tightening the noose, every chance they get. To call them ignorant, fearful, xenophobic, non-visionary, and misguided would be a vast understatement. Biggest Joke said he would make things easier and simpler. He is doing just the opposite, and barely even disguising his contempt for foreigners. He is the single biggest threat to the ex-pat community right now. 

 

One can only hope that come election time, all of this nonsense will be over, and both Prayuth and especially the biggest joke, will be sent out to pasture for the rest of their lives. They are not doing anything that benefits their nation, and they are picking on good men, who are bringing a lot to the table. Dumb and dumber. What can one say? 

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These new rules will hurt the Thai economy if almost half leave unless they change to a spousal visa if they are married of course .                                 The Thai Baht is another major factor in how people can survive here and only the Government can step in and bring it back out of its inflated state wich will also improve exports as we all know the weaker the baht the more other countries can import just common sense instead of greed .

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I will take a wait and see approach before cashing in my chips here in Chiang Mai. As usual with Thai Immigration they seem to always have their heads up their collective ars...es. One week it's a new set of financial criteria, the next week it's something different. I tend agree that Thai Government Officials simply don't want us here on a long term basis so they go about putting these ridiculous impediments in our way. I have already begun to look at Phnom Penh as a new place to put down roots, that liberal Business Visa that is available to Expats is a nice change from the B.S. that Thai Immigration put us through. Also Nha Trang in Vietnam is a viable option as a five year Visa is available there. Keep putting money into my Bangkok Bank account every month to simply satisfy some Immigration Official ain't gonna happen.

Sent from my CMR-AL19 using Thailand Forum - Thaivisa mobile app

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I suspect at the end of the day, many people saying they will have to leave, will find an agent who will sort it out for them, and the number of actual leavers will not be that high. this is Thailand after all, and they are very good at finding a way to make money scamming the system, and I am sure this will be no exception. The only difference is that it will probably cost more.

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14 minutes ago, keith101 said:

These new rules will hurt the Thai economy if almost half leave unless they change to a spousal visa if they are married of course .                                 The Thai Baht is another major factor in how people can survive here and only the Government can step in and bring it back out of its inflated state wich will also improve exports as we all know the weaker the baht the more other countries can import just common sense instead of greed .

LOL. No, it won't. The loss of the lower end of the financial strata will be insignificant, because of the change in visitor  demographics. The Russian and Asian visitor segments are experiencing double digit growth and they  present a much better value proposition for the Thais.

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8 minutes ago, lipflipper said:

I will take a wait and see approach before cashing in my chips here in Chiang Mai. As usual with Thai Immigration they seem to always have their heads up their collective ars...es. One week it's a new set of financial criteria, the next week it's something different. I tend agree that Thai Government Officials simply don't want us here on a long term basis so they go about putting these ridiculous impediments in our way. I have already begun to look at Phnom Penh as a new place to put down roots, that liberal Business Visa that is available to Expats is a nice change from the B.S. that Thai Immigration put us through. Also Nha Trang in Vietnam is a viable option as a five year Visa is available there. Keep putting money into my Bangkok Bank account every month to simply satisfy some Immigration Official ain't gonna happen.

Sent from my CMR-AL19 using Thailand Forum - Thaivisa mobile app
 

Cambodia is a lawless corrupt, brutal place. Go there and you will be treated as a sexual predator or criminal by your home country. Vietanam's shine wears off quickly once you have to deal with the  mind numbing communist bureaucracy and insidious corruption.

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9 minutes ago, lipflipper said:

As usual with Thai Immigration they seem to always have their heads up their collective ars...es. One week it's a new set of financial criteria, the next week it's something different. 

That will never change  they like the smell of there own.

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