falang07

"Small loans of no more than Bt100,000 will be available to individuals at an interest rate of no more than 36 per cent per annum, averaging 3 per cent a month, he said, much lower than what they pay for sharkloans."

Well, this is what I consider an example of a sharkloan.

4% for 10 years is not competitive compared with 3.5% at CIMB for just 14 months. 10 years is a long commitment.

I have nothing to hide, they can look but I really doubt anyone would bother to inform my home country's taxman about a few thousand baht of tax refunded in here from fixed deposit account (and I would not care either, this is not subject to any tax in my home country anyway).

What about the 15% tax deducted from fixed deposit accounts? Can I voluntarily register and claim the tax back, or can I do it even without registering at the tax office?

http://www.cimbthai.com/CIMB/en/personal/promotion/deposit/special_fixed_deposit_15_months/ - 3,5% with just a Thai driving license

What Fees and Taxes are involved - especially if transferring in from abroad ?

Not sure what you mean, how is this related to transferring from abroad? This is a standard fixed deposit account, I suppose you can not transfer from abroad.

Google translate says:

The interest of 5% per year.
5% cash back for every 20,000 baht for the first year premium.
A tax break
Life protection
Cash back every year and 6% of the sum insured.

The minimum amount to open an account to deposit 5 is 50,000 baht and up to 2 times the first year premium.

So it seems this works only up to 2x the first year premium of the life insurance. So 5% is real but you must buy insurance and the deposit is limited to twice the premium.

http://www.thanachartbank.co.th/tbankcmsfrontend/PersonalenDetail.aspx?PTypeID=9&ProID=226&PName=Personal - does this really pay 5% for 12 months?

http://www.cimbthai.com/CIMB/en/personal/promotion/deposit/special_fixed_deposit_15_months/ - 3,5% with just a Thai driving license

Why useless?

His chances would be much higher (he would get at least 50%) if he was married. In case of a GF, it was a gift, no chance at all.

So having children means even more documents are required, only in Thailand.

You can have it "insured" but if the shit really hits the fan, your money can stay blocked in the account for many months with a limited withdrawal amount per month (like In Cyprus), the value of Baht could plummet in the meantime and the net result would be no insurance at all.

just get married as I did and you will have no more problems with visa, plenty of nice girls around :-)

and if it gets boring, can even get a work permit on this visa and do something interesting legally

OK, thanks for the clarification. What happened to the visa status of the lifelong members between 2011 and 2014? Did they have the visa revoked after the original card was cancelled?

11 year ago: 1 million for lifetime membership, a real deal.

now: 500,000 + 20,000 per year excl. VAT for a 5 years membership.

Form an article on internet you can search on Google: "The original Thailand Elite Card cost was one million baht, was good for life, had unlimited golf and massages, and allowed the owner to purchase land. The current Thailand Elite Card costs 2 million baht (or watered down cards at 1 million and 500,000 baht), is only good for 20 years, annual fees, limited golf and massages and cannot purchase land."

You decide. I say try harder or forget me spending money for this offer.

Yes, gerry, we know you have the condos and big money in the bank and despite that you bought the Elite card but the point is that you bought it 11 years ago and paid a lot less for it than it is sold for now and you also got much better conditions with it:) This is the most important point of all this discussion. Would you sell yours and buy yourself the new one? I doubt it

Why not? You just get a re-entry permit at the airport (10 minutes?) and you are free to exit and come back any time you want, very easy. I suppose with Thailand Elite PE visa it is the same, or do not they have to get a re-entry permit at all?

Indeed, good news this one!

And gerry, please stop promoting this in the sense "I have it, too, and it is great". You did not buy the current offer, as you have admitted, and the product you have bought had much better conditions and price. This is my point.

The less people buy the current offer (which so far looks good in this sense since they are way behind the expected sales), the more will they have to try to come up with a better offer. If I was considering this visa (which I am not), I would not care about the discounts they offer for things I did not need. I can negotiate discounts myself, and moreover, it is very easy to offer virtual "discounts" from prices which were pre-adjusted for these discounts anyway. Just my 2 cents.

You do not invest to get the visa, you simply buy a nice condo for your money in your name, put money in a fixed deposit in your name and even earn interest, etc. and you get the visa for free while still keeping your property. Much better value than this project you promote where most money is wasted on promotion and not used for the benefit of Thailand anyway (since it is unprofitable due to low number of members, high expenses and perhaps pocketing the income by a few chosen ones, as usual). Anyway, give me same conditions as 11 years ago, I would buy, too. But today, no way, waste of money for something I can get easier.

Yeah, that is a really big abuse of the system by paying for the school and visa but not attending as often as the immigration would want. Thailand, the hub of abuses

I would just send it, not worth the hassle. It is just a computer, does not deserve it

If you can afford to waste 12,600$ on a private flight to have a dinner in Chiang Rai, why did not you opt for the investment visa for 10+ Million Baht? Must be peanuts for you. Oh, I see, you stay on Thai Elite for 11 years already so you got it for cheap before and despite that keep promoting the current offer which does not apply to you and really is not worth it....