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BANGKOK 17 July 2019 17:21
Jonathan Fairfield

Holding the balance: Phuket Immigration clarifies new rules on retirement visas to start March 1

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We, old “scumbags “without relationship to Thailand are no longer welcome here!


Gesendet von iPad mit Thaivisa Connect

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23 hours ago, xylophone said:

“Under the income requirement, applicants must receive at least B65,000 per month,” Col Acheep explained.

As many embassies no longer issue affidavits confirming income, this is no longer required, he said, noting that letters from governments and pension fund providers will be accepted along with other forms of evidence to prove the income pending.

 

“Of course any financial statements from banks and copies of bankbook records proving this income already being received should be provided,” he said.


Read more at https://www.thephuketnews.com/holding-the-balance- phuket-immigration-clarifies-new-rules-on-retirement-visas-to-start-march-1-70401.php#qFDrdIdC5SewFzHi.99

 

So from my perspective in trying to qualify for the 65k per month method I can provide the required evidence, which was a worry because they have been ''fickle" in that area.

 

Not decided yet as to follow that route or the 800k route. For me it depends upon whether or not I can get an automatic transfer of funds from my NZ bank, so trying Transferwise under an automatic payment schedule if poss.

 

I usually open a paypal account in both countries using the bank in each and linking my debit card from the bank in each.  Not always the cheapest but very convenient and safe.

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46 minutes ago, high plane drifter said:

I am so glad and happy .I found another country to move without visa problem, when you have your visa you  don't have to do visa run , so I enjoy my life...

 

What country, drifter?  Off topic, but Panama looks really sweet.  Quite developed.  Beautiful. Tropical. Not Third World prices, but affordable. The Spanish Language is more accessible than Thai. Only requires $1,000 in pension income for retirement visa.  Even less if you buy (yes, "buy") a house. 

 

Edited by rexall
correct $750 to $1,000
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51 minutes ago, Mango Bob said:

Why can't Thaivisa interview  Pol Maj Gen Surachet Hakpal and have him explain why this policy on extension of stay for Retirement and Marriage have different interpretations by IO officers under his control?   Why isn't there only one policy and all are following it.  There are many other questions that should be asked.  Have Thaivsa member list them and present them to Big Joke.

There is no "why."  There doesn't have to be a "why."  Things like consistence are only important if you are applying Western logic.

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23 hours ago, smedly said:

well that's cleared that up - not

 

I am under 60yo and have been using the 800k balance for the last 5 years so do the new rules apply to me or not

 

more confusion

No problem as long as you keep at least 400,000 in your Thai bank account all year long/ 800,000 2 months before renewal. 

Edited by The Theory

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23 hours ago, xylophone said:

“Under the income requirement, applicants must receive at least B65,000 per month,” Col Acheep explained.

As many embassies no longer issue affidavits confirming income, this is no longer required, he said, noting that letters from governments and pension fund providers will be accepted along with other forms of evidence to prove the income pending.

 

“Of course any financial statements from banks and copies of bankbook records proving this income already being received should be provided,” he said.


Read more at https://www.thephuketnews.com/holding-the-balance- phuket-immigration-clarifies-new-rules-on-retirement-visas-to-start-march-1-70401.php#qFDrdIdC5SewFzHi.99

 

So from my perspective in trying to qualify for the 65k per month method I can provide the required evidence, which was a worry because they have been ''fickle" in that area.

 

Not decided yet as to follow that route or the 800k route. For me it depends upon whether or not I can get an automatic transfer of funds from my NZ bank, so trying Transferwise under an automatic payment schedule if poss.

 

Hi,

I use World First to transfer money.

It is based in Australia and has been very reliable.

 

I pay no fees and the rate is okay. In addition Bangkok Bank does not charge me anything either.

 

Never felt the need to look elsewhere.

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I am Canadian. Luckily my embassy is still issuing affidavits. 

So Im still on the 65K/mo plan. 

So to be clear I still dont have to keep any  funds in the bank?

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After living for 30+ years in Thailand and obeying all the Visa rules my Filipino wife convinced me to move to her home town where we already had a nice very large house where only her Mom and Dad stayed to keep the place clean. After two years of dealing with the Philippine Immigration I now have my Probationary Resident card which I have to keep for a year and then I can apply for Permanent Residence. I now also have PhilHealth for a minimal yearly payment of $730.00 Canadian Funds. My point is that in all my dealings with Immigration has the question of how much income I have every month in pensions. Actually they have never asked me about money, ever. The fact of the matter I do have over what the Thais ask for.

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2 hours ago, Huckenfell said:

Ubonjoe is never wrong, so pay attention to what he says.

No pressure there Joe..........

..

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22 minutes ago, rexall said:

There is no "why."  There doesn't have to be a "why."  Things like consistence are only important if you are applying Western logic.

Simply....WELL stated.  After discovering the same, I have decided 30 days is the maximum I will stay.  Sure I could do the retirement or find a Thai honey to secure a marriage visa but its the principle now; NOT going to play this stupid game with IO.  I love Thailand, but I'm done with the nonsense....choosing a path of "less" resistance. Possibly South America but for now it's Vietnam.

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23 hours ago, smedly said:

The only issue I have is keeping the balance at 800k for 6 months instead of 3, the rest I was doing anyway

 

I fail to see any practical advantage of the 6month balance of 800k - what is the point of it

..prop up the banking system so they can use your money for investment thus denying you the opportunity.

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17 hours ago, cleopatra2 said:

The wording is clear. 2 months before application , and maintained for 3 months after extension granted. 

The interpretation that it only applies for first time application would make the clause requiring the need to keep 400k throughout the year irrational as it is written.

 

..i agree..you must look at any law/regulation in the spirit in which it was made/draughted..i doubt whether these people could understand such complexity and would rather keep it simple.

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According to the new rules if I go for the 800k lump-sum option I have to maintain a balance of 400k throughout the year. but if I can show that I get a monthly pension that adds up to 400k in one year does that mean I can maintain a balance in my account of 0 baht?

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11 minutes ago, tandor said:

..i agree..you must look at any law/regulation in the spirit in which it was made/draughted..i doubt whether these people could understand such complexity and would rather keep it simple.

The "spirit" was to get honesty in the system and force out visa scammers , border runners and other illegals

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23 hours ago, smedly said:

The only issue I have is keeping the balance at 800k for 6 months instead of 3, the rest I was doing anyway

 

I fail to see any practical advantage of the 6month balance of 800k - what is the point of it

Think of it as a deposit.  The fact that the money has to be sitting there for an extended period of time will prevent the pay deposit and withdraw schemes

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