New Visa rules and Thai income

[Dania2019]

The government of Thai emigration is running out of track and making life difficult for many emigrants.

 

The new rules for retreat and married visas seem like the grip of the blue air. They are not well thought out in an attempt to, among other things, stop for the illegal mafia resembling subsoil, which lends money to less-educated persons who have wanted to settle in Thailand.

A few years ago, I wrote to the Thai government, and asked if it was really permissible that, for a short time, people could lend themselves to financial legalization of the retirement or married visa, but received no reply my inquiry.

 

Obviously, it is reprehensible, and unbelievable, that they have not long since stopped the illegal movement that can be equated with corruption.

The majority of emigrants have a pension that is transferred monthly to a Thai bank, although the monthly transfer, not always for the right month, as the rules are designed, may have trouble documenting - the monthly income - which can thus fluctuate but which is documented on average via the bank over the year. It should be taken into account.

 

Some pensioner’s monthly income is so close to the stipulated requirements that it can cause problems if there is no easing.

 

For several decades, it has been common practice to be able to supplement the income with equity, or to fully display sufficient deposits, to obtain the respective visa forms. No one with legal equity suddenly adds or removes equity, respectively. It would be easy, through documentation from the Bank, to verify impurities, without any drastic measures taken.

 

Some emigrants have moved to Thailand without a pension, but with considerable assets. They are now apparently closed by the new visa rules. It seems to me to be unthinkable and criticized.

The fact that the Thai emigration authorities have demanded income certificates from the emigrants' embassies over the years seems superfluous and unnecessary, since income and statements of wealth can easily be documented via the banks in different ways. No Embassy needs to be involved.

 

Many emigrants have lived in Thailand for many years, some up to 15 and 20 years or more. They have created a new life. Many have family and common children, and common accounts, which are now ignored by the emigration authorities. It has created chaos and problems that many faring’s have set up accounts of husband and wife.

Many faring’s have also tied themselves to buying houses, cars on installments, or on behalf of the family, tied to payments in other ways. Paid for children's education over the years, and assisted families financially in various ways. No feeling seems to be for those persons.

 

Many family relationships are split and given problems in the way government without care for people determine the systems. It is inhuman and hostile.

Income and especially equity can change continuously over the years. The course on the Thai baht has also changed and given more problems. For the past twelve years, the Thai baht for, for example, the Danish krone has changed from approx. 6.2 to 4.8. It is a considerable deterioration in the value of the krone. Thai bathe’s strengthening does not even harmonize with the development of the same period.

The sharp rise of the Thai Bath is mainly only one place, although a minimum daily wage of 300 baht has been set for the Thais. The minimum wage is even maintained for young people in public posts after long-term education. Most of this young Thayer has even earned a student debt.

 

Who can make a living for less than 10,000, - Bath a month. It seems quite unreasonable.

 

From Denmark alone, there are 6,000 permanent residents in Thailand, many of whom I have twelve years or more away from the fatherland without regret, but many have now had problems. It is estimated that up to 1/3 of all emigrants must leave the country, which for many is quite unreasonable.

 

Several million Thai baths have the individual emigrant consumed in various ways over the years. Much greater contribution they make to the Thai economy than the average of the Thailand population does, of which about 20 million are still living in poverty. Many have an annual income corresponding to what an average Farang has in income a month.

 

For the Thai people there is health insurance in different ways, but for emigrates, the path to health through doctors and hospitals is entirely at their own expense unless one has ended up in a family pattern that has a background in office in some way or another. It seems quite wrong that emigrants in large measure contribute significantly to the Thai economy, but for the most part they are cut off from the country's social benefits. It is un-social to us emigrants.

 

Understandably, it is not just a matter of moving to Thailand and utilizing the systems, but a reasonable solution could be found. For example, one could claim a health certificate in connection with the application for first-time retirement or married visa.

[Pilotman]

They don't care. the problems for expats are not their concern.  I'm not sure what their concerns are exactly, but the welfare of their expat community is not one of them. The sooner we all grasp that obvious fact and stop griping about the numerous  immigration changes the better off we will be.  We just have to suck it up and get on with life. 

[DrJack54]

OP, Hells bells man...why not get it off your chest. There are only changes to amounts kept in bank or ways to demonstrate income. Personally, not being married and using bank method, I will just now keep 800k untouched every year in Thai bank. That's 25usd (hardly a fortune) 400k if I was married. If that requirement cannot be met then fine. Just don't cry about it.

[fforest1]

For the millionth time.....They are not trying to good and are misguided and just need help to understand the situation better.....Nope....All the visa changes are exactly as they want them......The sooner this sinks in the better.....

[Ravi98008]

New Visa Rules.

A retirement visa requires you to deposit 65,000 Baht monthly into a Thai bank account. You may spend down that total amount each month but you must be able to show that a deposit is made each month for the 12-month period leading up to the time you apply for your yearly Thai retirement visa renewal. 
Or you can make a non-interest bearing 800,000 Baht ($25,000 U.S.)deposit if you reside here alone or 400,000 Baht for those married to a Thai citizen. Three months prior to renewal, the full amount of 800,000 must clearly be on deposit in a bank and you must present the bank document to immigration for your visa renewal. This means that you will not be required to show that you have retirement income of 65,000 Baht each month. 
Assuming there are 500,000 foreign retirees here, then they will be lending the country $12.5 billion each year, interest free, and Thai banks will lend this money out for interest income or profit. Nice work, Thailand!

 

I got this in my email . Is it a new rule that the 800K should be in a savings account and not in a fixed deposit account like 6 to 9 months Etc

[DrJack54]

19 minutes ago, Ravi98008 said:

New Visa Rules.

A retirement visa requires you to deposit 65,000 Baht monthly into a Thai bank account. You may spend down that total amount each month but you must be able to show that a deposit is made each month for the 12-month period leading up to the time you apply for your yearly Thai retirement visa renewal. 
Or you can make a non-interest bearing 800,000 Baht ($25,000 U.S.)deposit if you reside here alone or 400,000 Baht for those married to a Thai citizen. Three months prior to renewal, the full amount of 800,000 must clearly be on deposit in a bank and you must present the bank document to immigration for your visa renewal. This means that you will not be required to show that you have retirement income of 65,000 Baht each month. 
Assuming there are 500,000 foreign retirees here, then they will be lending the country $12.5 billion each year, interest free, and Thai banks will lend this money out for interest income or profit. Nice work, Thailand!

 

I got this in my email . Is it a new rule that the 800K should be in a savings account and not in a fixed deposit account like 6 to 9 months Etc

"I got this email".... From who??

[FritsSikkink]

Lets start another thread about somebody who can't follow the rules.

[CharlieH]

Post removed.

 

18) You will not post phone numbers, email addresses, business names, or web/Facebook/Twitter/Google+ addresses in posts or signatures. Web addresses to personal non-commercial sites sites/blogs, or Facebook/Twitter/Google+ addresses, may be posted in a member's profile page.
 

[Ravi98008]

I tried but my post was removed by the Moderator of the forum.  It was a 60 plus California PhD professor now retired and living in CM since a long long time. Hope I am not breaking the forum rules this time. 

If I did then please remove my post again and I will stand corrected

[Pilotman]

10 hours ago, Ravi98008 said:

New Visa Rules.

A retirement visa requires you to deposit 65,000 Baht monthly into a Thai bank account. You may spend down that total amount each month but you must be able to show that a deposit is made each month for the 12-month period leading up to the time you apply for your yearly Thai retirement visa renewal. 
Or you can make a non-interest bearing 800,000 Baht ($25,000 U.S.)deposit if you reside here alone or 400,000 Baht for those married to a Thai citizen. Three months prior to renewal, the full amount of 800,000 must clearly be on deposit in a bank and you must present the bank document to immigration for your visa renewal. This means that you will not be required to show that you have retirement income of 65,000 Baht each month. 
Assuming there are 500,000 foreign retirees here, then they will be lending the country $12.5 billion each year, interest free, and Thai banks will lend this money out for interest income or profit. Nice work, Thailand!

 

I got this in my email . Is it a new rule that the 800K should be in a savings account and not in a fixed deposit account like 6 to 9 months Etc

It's wrong.  yet again, poor information being banded about as fact.  The rules make no mention that I can find that 800K must be  none interest baring account.  You can have your 800k in an interest baring account provided that it is instantly accessible, which will incur bank penalties of course.  

 

I wish people wouldn't just make up this stuff as they go along.  

[Tanoshi]

11 hours ago, Ravi98008 said:

I got this in my email . Is it a new rule that the 800K should be in a savings account and not in a fixed deposit account like 6 to 9 months Etc

Maybe for your office, but nothing in the new order stating a Savings account.

Your IO rule, not the Immigration bureaus rule.

[Tanoshi]

44 minutes ago, Pilotman said:

The rules make no mention that I can find that 800K must be  none interest baring account. 

Even a Savings account returns a 0.5% interest rate.

 

The only non interest account I know, is when I deposit it in the wife's account.  ????

[Pilotman]

1 minute ago, Tanoshi said:

Even a Savings account returns a 0.5% interest rate.

 

The only non interest account I know, is when I deposit it in the wife's account.  ????

No return of any kind in my case, interest or capital ????

[Tanoshi]

13 minutes ago, Pilotman said:

No return of any kind in my case, interest or capital ????

Thai bank?

[Pilotman]

14 minutes ago, Tanoshi said:

Thai bank?

wife 

[Surasak]

31 minutes ago, Tanoshi said:

Even a Savings account returns a 0.5% interest rate.

 

The only non interest account I know, is when I deposit it in the wife's account.  ????

You are obviously with the wrong bank. I get 1.3% from my savings A/C

[Tanoshi]

5 minutes ago, Surasak said:

You are obviously with the wrong bank. I get 1.3% from my savings A/C

You obviously have the wrong account. I get 1.5% on my 1 year fixed term account.

[bkkgriz]

41 minutes ago, Pilotman said:

No return of any kind in my case, interest or capital ????

 

27 minutes ago, Tanoshi said:

Thai bank?

 

13 minutes ago, Pilotman said:

wife 

You two should start a comedy act. Tanoshi as the straight man and pilotman the comic.

[Surasak]

9 minutes ago, Tanoshi said:

You obviously have the wrong account. I get 1.5% on my 1 year fixed term account.

I just checked. Fool me. It is 1.5% Need new glasses or stronger drink????

[Saladin]

I understand that the main reason for this poorly planned requirement concerning income is to make sure foreigners have sufficient funds to cover costs in case of death, injury and sickness. The Catch 22 is that most retirees can't get health insurance because of their age. Surely the government, in conjunction with Thai insurance providers, could come up with an affordable plan to cover us. In this case it would be sufficient for us to just have a monthly income of 40,000B (app. normal pension) plus verifiable insurance cover, either from a foreign insurance company or through the Thai government sponsored plan. 

[BertM]

1 hour ago, Surasak said:

I just checked. Fool me. It is 1.5% Need new glasses or stronger drink????

Funny...

Edited February 18, 2019 by BertM

[phutoie2]

1 hour ago, Pilotman said:

wife 

The wife has a Bank? lucky man.

[indepth]

Whats all the threads about 800000 and 65000, have i missed something?

[Tanoshi]

44 minutes ago, indepth said:

Whats all the threads about 800000 and 65000, have i missed something?

Seriously!

Have you been having to much fun on the beach building sand castles with your bucket and spade.

Try reading the news occasionally.

[natway09]

Finished the rant ?

The rule changes are designed to stop "borrowing" the money to obtain the visa & then giving it back.......which is against the law as you state that it is yours.Sounds reasonable to me.

& yes, you are right they don't care if you stay or go & why should they ?

[ubonjoe]

A off topic post bringing politics into the discussion has been removed.

[khunPer]

It's not that difficult to stay in Thailand, 400k baht in bank deposit if married to a Thai, or 800k baht in bank deposit if over 50 years old and retired, and if business or work it's possible to get extension based on that showing a reasonable income, same-same like in Denmark where OP and myself originates from.

 

It is one's own decision to follow a dream and move out from one's home country to live permanently somewhere else, and that dream might often require a bit of planning, and savings to fulfill...????

[bkk6060]

Seems like just another pontificating OP who's meaningless post is longer then all the new rules put together.

[Pilotman]

2 hours ago, phutoie2 said:

The wife has a Bank? lucky man.

yes, me 

[CMNightRider]

2 hours ago, indepth said:

Whats all the threads about 800000 and 65000, have i missed something?

It's just immigrations latest hurdle for one year visas.  Immigration leaders are trying to get expats to either leave or exploit those who stay.  You didn't miss anything. ????