swissie Posted March 18, 2019 Share Posted March 18, 2019 To add: Of course I knew that I would not own anything, this is within the F.E.T context. Link to comment Share on other sites More sharing options...
david555 Posted March 18, 2019 Share Posted March 18, 2019 1 minute ago, swissie said: Well, the "transaction" took place (includig payement) at the Land Office. Me taking 1000 Bht Notes out of the shoe-box. All 400 family membes present. I never got so many "wai's" by so many Thais before at the same time. It was clear to everyone present "who" is paying for it, including the Land-Officers plus Village-Chief. I suppose it depends if one makes a R/E transaction in Pattaya or in Nakhon-Nowhere. But we should not go too far off Topic. OP and Mod's may not like it. Try to buy another piece of land There same village , and insist to have on your name ….and see and hear "can not ...farang can not own Thai land , Thai land only for Thai people ".. Where the money came from is not the matter as long it is coming to benefit Thai person O.K. I grant you a saving face retreat .. Link to comment Share on other sites More sharing options...
Jingthing Posted March 18, 2019 Author Share Posted March 18, 2019 How many guys have I listened to who say that they would leave tomorrow if it wasn't for the condo they are unable to sell .........and then never do. What's your point. They told the reason. Sent from my Lenovo A7020a48 using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
swissie Posted March 18, 2019 Share Posted March 18, 2019 10 minutes ago, david555 said: Try to buy another piece of land There same village , and insist to have on your name ….and see and hear "can not ...farang can not own Thai land , Thai land only for Thai people ".. Where the money came from is not the matter as long it is coming to benefit Thai person O.K. I grant you a saving face retreat .. As I don't buy "Lady-Drinks " for Farangs, every Bht I spend is benefitting Thai's these days. I have lost face many a times in Thailand, but as plastic surgery in Thailand is cheap I get a new face whenever I feel that I have "lost face". Link to comment Share on other sites More sharing options...
SteveK Posted March 18, 2019 Share Posted March 18, 2019 Thailand has strict rules that says foreigners can't own land (but they can certainly pay for it!). It also has stringent banking regulations which make it very difficult to get your money out of the country easily, but they require you to have a huge chunk of cash on deposit at all times for long stay visas. Factor in increasingly awkward visa rules, and airport officials doing their best to deny entry, and suddenly it looks like a fairly hostile environment. I wonder what would happen if the UK started requiring long-stay foreign visitors to have £10,000 on account at any time, and if it dips by one penny then they kicked out? And then the government telling the banks not to allow international transfers from these accounts without invoices for good/services which have not yet been purchased? It's like saying heads you win, tails I lose. Link to comment Share on other sites More sharing options...
swissie Posted March 18, 2019 Share Posted March 18, 2019 12 minutes ago, pr9spk said: Thailand has strict rules that says foreigners can't own land (but they can certainly pay for it!). It also has stringent banking regulations which make it very difficult to get your money out of the country easily, but they require you to have a huge chunk of cash on deposit at all times for long stay visas. Factor in increasingly awkward visa rules, and airport officials doing their best to deny entry, and suddenly it looks like a fairly hostile environment. I wonder what would happen if the UK started requiring long-stay foreign visitors to have £10,000 on account at any time, and if it dips by one penny then they kicked out? And then the government telling the banks not to allow international transfers from these accounts without invoices for good/services which have not yet been purchased? Maybe this is the way Thai's avoid "uncontrollable immigration". As EU/UK/US should we learn from them, after all? Link to comment Share on other sites More sharing options...
brokenbone Posted March 18, 2019 Share Posted March 18, 2019 1 hour ago, swissie said: Maybe this is the way Thai's avoid "uncontrollable immigration". As EU/UK/US should we learn from them, after all? EU/UK merely has to stop paying benefits to stop the immigration Link to comment Share on other sites More sharing options...
brokenbone Posted March 18, 2019 Share Posted March 18, 2019 2 hours ago, SheungWan said: How many guys have I listened to who say that they would leave tomorrow if it wasn't for the condo they are unable to sell .........and then never do. probably none Link to comment Share on other sites More sharing options...
SheungWan Posted March 18, 2019 Share Posted March 18, 2019 3 hours ago, SheungWan said: How many guys have I listened to who say that they would leave tomorrow if it wasn't for the condo they are unable to sell .........and then never do. 1 hour ago, brokenbone said: probably none Of the two most recent, one had an offer on the table, which he just left sitting there and the other could sell pretty easily to Chinese investors, but nothing will happen except the usual talk. Just a stage prop and standing excuse really in both cases for the threat to leave Thailand which never quite happens, other than the moans and groans. Link to comment Share on other sites More sharing options...
sanemax Posted March 18, 2019 Share Posted March 18, 2019 4 hours ago, SheungWan said: How many guys have I listened to who say that they would leave tomorrow if it wasn't for the condo they are unable to sell .........and then never do. Many have indeed left though . Link to comment Share on other sites More sharing options...
SheungWan Posted March 18, 2019 Share Posted March 18, 2019 1 minute ago, sanemax said: Many have indeed left though . There's always churn. Link to comment Share on other sites More sharing options...
brokenbone Posted March 19, 2019 Share Posted March 19, 2019 2 hours ago, SheungWan said: Just a stage prop and standing excuse really in both cases for the threat to leave Thailand which never quite happens how did you arrive to a threat from an expression of wanting to leave ? and a threat directed at whom ? Link to comment Share on other sites More sharing options...
mania Posted March 19, 2019 Share Posted March 19, 2019 Ayudhya On 3/17/2019 at 7:36 AM, CaptainJack said: Good grief, Put this one to rest. Thailand has a very specific set of rules for outbound transfers. If anyone wants to know them, go to their individual bank and ask. It will be in Thai. Get it translated. Many Thai banks are just going to refuse. Get the money out of an ATM and carry it out. Only Bangkok Bank appears to have a policy that conforms with the law. If you are deported, your outta luck. Best advice? Don't have too much money on deposit or don't get deported. If you get deported, don't cry. You put your money in a banking system that is not geared to protect or return your hard earned money. There is no answer to this question except everyone is responsible for their own financial decisions and problems if they don't understand the rules. Again, don't get deported.... https://www.bangkokbank.com/en/Personal/Other-Services/Transfers/Transferring-Out-of-Thailand Did you actually have any experience with this? What was the amounts you wanted to transfer at one time? I ask because after years of living in Thailand my wife & I left in 2016 We did have a few million baht in Bangkok & Ayudyha to repatriate I moved all from Ayudyha to BKB as it was easier to deal with one bank & just show the already used trans form for next transfer etc. (because ours was a bit complicated address wise) We had Foreign transaction transfers sheets from years before but were never asked for any proof of funds origination This could be because we kept transfers to US to under 50k USD per transaction (under 1.5 million baht) as I had read many times over the years this is where the flag goes up. So I made a transfer every few days from the exact same Bangkok branch ( A large branch in ChiangMai ) The funny thing is while I was never asked a single times for anything other than to confirm the trans was thru a intermediary bank because my credit union was final destination My wife on the other hand who is Thai but has dual citizenship was asked to go back to our condo & bring her US passport when she wanted to do a trans in her name of just over one million baht They did ask her what the money was for & she just said repatriation No problems were encountered at all nor as I said was any proof of funds origination asked for Link to comment Share on other sites More sharing options...
david555 Posted March 19, 2019 Share Posted March 19, 2019 On 3/18/2019 at 12:36 AM, CaptainJack said: Good grief, Put this one to rest. Thailand has a very specific set of rules for outbound transfers. If anyone wants to know them, go to their individual bank and ask. It will be in Thai. Get it translated. Many Thai banks are just going to refuse. Get the money out of an ATM and carry it out. Only Bangkok Bank appears to have a policy that conforms with the law. If you are deported, your outta luck. Best advice? Don't have too much money on deposit or don't get deported. If you get deported, don't cry. You put your money in a banking system that is not geared to protect or return your hard earned money. There is no answer to this question except everyone is responsible for their own financial decisions and problems if they don't understand the rules. Again, don't get deported.... https://www.bangkokbank.com/en/Personal/Other-Services/Transfers/Transferring-Out-of-Thailand Just a small remark that could make bad case a little softer by case ... Refused entry or order to leave country or similar is NOT a deportation Order to leave you can go fly where you like.... you are not arrested ,highest escorted to the gate or a waiting room /place (mostly using your return flight as paid already..., but could change destination if paying …) Deportation is in most case to your own country or the country who has asked for you to be delivered (mostly criminal warrants.) By an order to leave Thailand you could have more freedom to arrange your financial and material things as access to phone internet or even contacting friends persons DEPORTED sounds so awful !! Anyway good advice from you to stay out of trouble avoiding any above Link to comment Share on other sites More sharing options...
LPCustom69 Posted March 19, 2019 Share Posted March 19, 2019 The rules are a pain in the ass for now, bud doable for most. However that could change quickly. They could raise the 800k to 2 million, and not grandfather those here. They could change the 400K to 1 million, and not grandfather it. They could change retirement age for visa/extension to 65, no exceptions! Before 1997 a Thai woman could not own land (even family property) if married to foreigner. I don't expect any of these changes, but who knows anymore. Link to comment Share on other sites More sharing options...
david555 Posted March 19, 2019 Share Posted March 19, 2019 32 minutes ago, LPCustom69 said: The rules are a pain in the ass for now, bud doable for most. However that could change quickly. They could raise the 800k to 2 million, and not grandfather those here. They could change the 400K to 1 million, and not grandfather it. They could change retirement age for visa/extension to 65, no exceptions! Before 1997 a Thai woman could not own land (even family property) if married to foreigner. I don't expect any of these changes, but who knows anymore. They could raise the 800k to 2 million, and not grandfather those here. That would not bother me for 1 extension , just preparing my Goodbye Thailand in a organized way They could change the 400K to 1 million, and not grandfather it. = not my case They could change retirement age for visa/extension to 65, no exceptions! lol ! no problem for me , they would be years short to catch me on that one .. Before 1997 a Thai woman could not own land (even family property) if married to foreigner. I am not bin that stupid So only the up to 2 millions would be making my leave decision , not take it any longer than the 1 latest year extension , needed time to repatriate all what have in Thailand , out of it in an orderly way and, ...by by , you go to far now ... PS: advantage , I like to drive on correct roadside and appreciate good bread and reasonable priced wine …. so Cambodia could by that time feel like a home coming... Link to comment Share on other sites More sharing options...
balo Posted March 19, 2019 Share Posted March 19, 2019 Regarding my bank accounts in Thailand I have full access to them , even if I visit Europe from time to time. My Kasikorn online banking takes care of that. I also have a Visa debit card and it works all over the world. So I can make any transfers, the OPD code is sent to my phone with a Thai sim card so make sure the sim card is open for ROW. So if I suddenly have to leave Thailand I am still in control of my money as long as the online account is valid. I even have a Paypal account connected to it so I can also make a deposit from abroad and transfer it to Kasikorn. Link to comment Share on other sites More sharing options...
thaibeachlovers Posted March 19, 2019 Share Posted March 19, 2019 On 3/18/2019 at 1:07 PM, Leaver said: Yes, that's rule No. 1, but how many will bring in 800k, because they now have to, which earns them next to nothing, and can't be accessed for a period of time? To a degree, isn't that effectively "losing" it? LOL. Of course it's not "losing it" You can get it out of the bank any time you want, but if you can't stay in LOS because you took it out, that's a whole different situation. I accepted that if I wanted to stay in LOS for a long time the price was 800,000 baht in the bank that I didn't touch, unless something happened to make me leave LOS for good. For me that event was my divorce, but if I still had a viable marriage, I'd still be livin' the dream. Link to comment Share on other sites More sharing options...
Leaver Posted March 20, 2019 Share Posted March 20, 2019 12 hours ago, thaibeachlovers said: LOL. Of course it's not "losing it" You can get it out of the bank any time you want, but if you can't stay in LOS because you took it out, that's a whole different situation. I accepted that if I wanted to stay in LOS for a long time the price was 800,000 baht in the bank that I didn't touch, unless something happened to make me leave LOS for good. For me that event was my divorce, but if I still had a viable marriage, I'd still be livin' the dream. Surely, you can see you are losing "use" of it, which is some loss, then, the same money, even in a non aggressive fund, can bring in 6% to 8% returns, instead of 1.5% from a Thai bank, so there's another loss. All for a visa you used to be able to get by simply being able to show you have 65k coming in each money. Then, they still haven't worked out what to do with foreigners who go under the 400k in the seasoning time. Watch this space. Put it all together and, yeah, it's as good as losing it. It's a bit like land ownership here I suppose. You can't own land, but you can use it. With the 800k, you can own it, but you just can't use it. ???? Link to comment Share on other sites More sharing options...
rumak Posted March 20, 2019 Share Posted March 20, 2019 On 3/18/2019 at 6:13 AM, lamyai3 said: FWIW I think it's an interesting question. I could easily imagine people seriously affected by recent rule changes, who've invested their money in property, car and life here. They may have a pension from their home country that's more than sufficient to live on, but no longer qualifies to get them an extension under the new rules. If the stress of the whole thing put them into an overstay situation and they got caught, deported and blacklisted, what recourse might they then have to their assets? I agree the comments earlier in the thread that the safest bet is probably a trusted friend to whom power of attorney could be given. If there's money in the bank, give the friend the ATM card to drain the account and get the money wired out via Deemoney or something similar. No idea regarding lawyers, but none of the hypothetical options look very pretty. but what if your trusted friend dies? or he/she is also thrown out ? or they are on a baht bus and it gets in an awful accident and they cannot be reached? or ????? actually JT you could totally trust me to take care of things for you.... if you were in CM. But i seriously doubt you believe me. Nobody you trust after all these years here? Link to comment Share on other sites More sharing options...
Leaver Posted March 21, 2019 Share Posted March 21, 2019 On 3/20/2019 at 12:14 AM, balo said: Regarding my bank accounts in Thailand I have full access to them , even if I visit Europe from time to time. My Kasikorn online banking takes care of that. I also have a Visa debit card and it works all over the world. So I can make any transfers, the OPD code is sent to my phone with a Thai sim card so make sure the sim card is open for ROW. So if I suddenly have to leave Thailand I am still in control of my money as long as the online account is valid. I even have a Paypal account connected to it so I can also make a deposit from abroad and transfer it to Kasikorn. The problem isn't if you leave Thailand. The problem is if you want to stay in Thailand. The 800k and 400k are held hostage, so you can get a little sticker in your passport. Link to comment Share on other sites More sharing options...
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