Jonathan Fairfield 7,535 Posted November 22, 2016 Share Posted November 22, 2016 Govt approves 10 year visas for foreigners over 50 By Teeranai Charuvastra, Staff Reporter BANGKOK — Affluent foreign residents over 50 will soon be able to apply for 10-year visas, a government spokesman said Tuesday. Intended to promote Thailand as a hub for medical services, the policy was approved by the interim cabinet on Tuesday, according to spokesman Athisit Chainuwat. It would replace one-year renewable visas and come in two installments of five years each, Athisit said. It was not immediately clear when the plan would be implemented. Full story: http://www.khaosodenglish.com/news/business/2016/11/22/govt-approves-10-year-visas-foreigners-50/ -- © Copyright Khaosod English 2016-11-22 RELATED: Cabinet waives visa fee for tourists from 19 countries Link to post Share on other sites
sharecropper 2,356 Posted November 22, 2016 Share Posted November 22, 2016 Astonishing. And fantastic news if true, and if they can deliver on it. Link to post Share on other sites
Jonathan Fairfield 7,535 Posted November 22, 2016 Author Share Posted November 22, 2016 An off topic post has been removed Link to post Share on other sites
Crossy 27,979 Posted November 22, 2016 Share Posted November 22, 2016 It would be really nice to only have to visit immigration every 5 years, but I'm not going to hold my breath. Are they just going to "announce" the ThailandElite scheme? Link to post Share on other sites
acid thunder 199 Posted November 22, 2016 Share Posted November 22, 2016 Hmm, well, on closer inspection it doesn't seem to be quite all singing all dancing. Link to post Share on other sites
worgeordie 44,929 Posted November 22, 2016 Share Posted November 22, 2016 At what cost !, and its not 1st April yet.regards Worgeordie Link to post Share on other sites
Jingthing 71,039 Posted November 22, 2016 Share Posted November 22, 2016 It would be NIGHTMARE news for a large portion of us, if this will be the only option and the current one year extensions with the current financial requirement levels are phased out. http://www.khaosodenglish.com/news/business/2016/11/22/govt-approves-10-year-visas-foreigners-50/ Applicants must either earn a monthly salary of at least 100,000 baht or have more than 3 million baht in their bank account, which cannot be withdrawn within the first year after receiving the visa. They must also have health insurance that covers hospital stays and provides at least USD$10,000 in annual coverage. Link to post Share on other sites
eddie61 1,395 Posted November 22, 2016 Share Posted November 22, 2016 does that mean you will have to show 8 million in a bank account? Link to post Share on other sites
NickJ 3,783 Posted November 22, 2016 Share Posted November 22, 2016 Contact the Elite card for more details. Link to post Share on other sites
acid thunder 199 Posted November 22, 2016 Share Posted November 22, 2016 Just now, NickJ said: Contact the Elite card for more details. The Elite card would appear to be a walk in the park compared to this 'concession'. Link to post Share on other sites
Jingthing 71,039 Posted November 22, 2016 Share Posted November 22, 2016 We really NEED to know if these higher financial levels for the 10 year visa will be the ONLY option. If so, I guess there will be a lot of fire sale condos soon! Link to post Share on other sites
DiamondKing 2,271 Posted November 22, 2016 Share Posted November 22, 2016 3 Million in the Bank and you cant touch it for 1 year after the visa is issues or 100,000 in salary coming in every month ITS A JOKE Link to post Share on other sites
Andrew65 3,608 Posted November 22, 2016 Share Posted November 22, 2016 Applicants must either earn a monthly salary of at least 100,000 baht or have more than 3 million baht in their bank account, which cannot be withdrawn within the first year after receiving the visa. They must also have health insurance that covers hospital stays and provides at least USD$10,000 in annual coverage Visa holders will still have to check in every 90 days with the Bureau of Immigration, Athisit said Link to post Share on other sites
Kerryd 9,428 Posted November 22, 2016 Share Posted November 22, 2016 3 mil in the bank for the first year (only ?) and health care coverage providing $10,000 US per year coverage ? Still have to do 90 day reports (though there's a rumour that they may change that to once a year). Plus have to renew after 5 years ? Will you have to have another 3 mil in the bank for a year for the 2nd renewal as well ? Of course this is all subject to change, amendment and/or cancellation so I guess we'll just have to wait until it's actually official. Link to post Share on other sites
eeworldwide 1,733 Posted November 22, 2016 Share Posted November 22, 2016 Applicants must either earn a monthly salary of at least 100,000 baht or have more than 3 million baht in their bank account, which cannot be withdrawn within the first year after receiving the visa. They must also have health insurance that covers hospital stays and provides at least USD$10,000 in annual coverage. Visa holders will still have to check in every 90 days with the Bureau of Immigration. Hmmmm.... Sounds a bit complex for the majority! Link to post Share on other sites
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