Jump to content

JH1967

Member
 View Profile  See their activity

  • Posts

    24

  • Joined

  • Last visited

 Content Type 

Posts posted by JH1967

    House bought by Thai citizen

    in Real Estate, Housing, House and Land Ownership

    Posted

     

    Your wife seems to be happy just being able to get a finance on the house and pay whatever the bank ask her to pay not paying any attention to the terms nor what is left to be paid. This is unfortunately quite normal (and not only in Thailand).

     

    I would suggest the first step to be to find the contract and go through it with her (yes, i know this can be unpleasant for both of you - but if you wish to help her, (both of) you need to know the terms of the contract).

     

    Then get your wife to ask the bank what the current interest rate is on her loan. If you did not finalise step 1, your wife should also ask if the interest is fixed or variable.  She should ask for a bank statement so you can see how much debt is remaining. She should also ask if there are any insurances included in the contract.

     

    Step 3: consider re-finance. The interest rate has during the last ten years gone down significantly - so why not try to get better terms.

     

    Most of the Thai people i know with a property loan has obtained it in GH Bank. GHB usually issue loans with a reduced interest rate for the first +- 3 years - the reduced rate is around 3 %. After 3 years the rate is significantly higher 5-6 %, however the people I know they re-finance after 3 years getting a new loan with a reduced rate for 3 years - of course i do not know the details so i do not know the conditions for a re-finance or the costs involved - but AFAIK this is what Thais are doing. So you should be looking into this possibility.

    • Like 2

    Mr

    in Thai Visas, Residency, and Work Permits

    Posted

    1 hour ago, ubonjoe said:

    You would first need a non-o visa entry to apply for the one year extension.

    You need to show 400k baht in a Thai bank in your name only for 2 months or proof of 40k baht income to apply for the extension.

    You can apply for a 60 day extension to visit your wife with not financial proof of the 30 day visa exempt entry you have now.

    Which documents do you need to bring to (Jomtien) immigration for a 60 days extension to visit your wife?

     

    and being on "visa exempt" can you get a non-O visa/extension entry at Jomtien or do you have to go outside Thailand to get the "Non-O status".

     

    • Popular Post
    • Popular Post

    Saraburi Confusion and Befuddlement

    in Thai Visas, Residency, and Work Permits

    Posted

    Like you I did not know this rule - but this is what happened to me. Last year I changed from extention (marriage) to extention (retirement). I went to Jomtien immigration 14 days before extention expired and after checking my documents and receiving the visa fee the IO told me (without me asking !!!!!!) that i would "lose" 14 days due to change of reason for extention. She then asked if i wanted my extention done today or come back 2 weeks later - I replied I will come back in 2 weeks time (I was there just after songkran - and i did not want to have my extention deadline at this time every year. She gave me my money back and said se you in 2 weeks time - very good service. 

    • Like 3

    2 month 800K THB seasoning on Retirement extension of stay renewal?

    in Thai Visas, Residency, and Work Permits

    Posted

    Jomtien Immigration: Last week I received another 1 year "retirement extension" with a bit more than 800.000 baht in a fixed deposit account (Kasikorn). The money had at the time of visiting Immigration only been in the account for 2 months and 3 or 4 days - no problem and no questions asked. On 23 July I have to go back to Jomtien Immigration and show them that I have kept minimum 800.000 baht (for 90 days) in the account.

     

    • Like 1

    Multiple re-entry permit - do you have to leave Thailand every 90 days?

    in Thai Visas, Residency, and Work Permits

    Posted

    The last few years I have been here on one year retirement extensions and I have always used single re-entry permits when leaving (and returning to) Thailand. My next extension is up next week and I know already now that i will be leaving Thailand at least 3 times within the next 12 months. So I was thinking maybe it is better to apply for a multiple re-entry permit (after receiving the 1-year extension) as this would, I assume, save some space in my passport, save time going to immigration only one time instead of 3 to ? times and would maximum cost me 800 baht more (3800 baht compared to 3*1000 baht). However I remember from some years ago when I was here on a 1-year multientry ED visa that I had to leave Thailand every 90 days. At that time this was not a problem, but now I will most likely have a period of more than 90 days in Thailand and I do not want to make a trip out of Thaiand just to satisfy visa rules when I do not have to - so my question is: with a 1-year extension (retirement) and obtaining a multiple re-entry permit do you have to leave Thailand every 90 days? or will you every time you re-enter Thailand get a stamp "admitted until" for the date of your 1-year extension?

    800.000 - Can it be in a fixed deposit account?

    in Thai Visas, Residency, and Work Permits

    Posted

    Sorry for these very basic questions, but I have never had a fixed deposit account here in Thailand  - but now find it interesting to have one for my retirement extension.

     

    For a fixed deposit - what do you bring to Immigration as proof? I mean there are no or very few movements (interest being added) on the account - so how to show an updated account?

     

    ..and how do you prove to immigration that there would be no penalties in case of withdrawals (except loss of interest)

    2-entry tourist visa: 1 day overstay, any consequences for 2nd entry?

    in Thai Visas, Residency, and Work Permits

    Posted

    I have a double entry tourist visa and I am on my 1st entry.


    For reasons i will not go into, I've had to postpone my flight to Europe in December by 24 hours which means that I will have to either overstay by 1 day or go to the immigration and pay 1900 baht for a visa-extension.


    I tend to choose the cheapest and "easiest" solution (pay for overstay and not have to go to the immigration) - but if I choose to overstay by 1 day will that have any consequences for my 2nd entry? Will my visa be cancelled due to overstay and/or could I face other problems when entering Thailand (Bangkok Airport) after Christmas.


    I am aware that if caught by police on the day of departure (day of overstay) I could be in serious trouble, but as I will take the bus to the airport at lunchtime and will stay at home until then, the risk of getting caught is very low (I think).


    Is it easy to get a 60 days tourist visa after almost 2 yrs of ED-visa?

    in Thai Visas, Residency, and Work Permits

    Posted

    I am on ED-visa extension. I am studying Thai in Jomtien. My language school has now told me it will close down on 30 September (reason: not enough Russian students). My extension ends on 13 October, I had planned to study Thai until the end of the year (one more extension of my ED visa), but I will now have to change plans. I have a flight ticket to Amsterdam on 11 December, so I need to get a visa for the 60 days (13 October - 11 December).


    After almost 2 years of ED-visa (+extensions), will I have problems getting a 60 days tourist visa (single or double entry) from Savannakhet (double entry would be handy as I come to Thailand after Christmas but will have go back to Europe for 2 weeks again in February)? or are there easier/better solutions than a 60 tourist visa from Savannakhet (I would prefer Savannakhet as I have been there before)


    To complete the picture: I will marry my girlfriend next year (paperwork will only be ready by then) and get a Non-O based on marriage (Hello again Savannakhet).


    Multi-entry ED visa - is a exit/entry of Thailand not enough for obtaining another 90 days?

    in Thai Visas, Residency, and Work Permits

    Posted

    I have 1 year multi-entry ED visa (expiring in December 2014). On 3 April I will have stayed in Thailand 90 days and I have therefore booked a holiday to Vietnam leaving 3 April and returning 7 April. My understanding of "the rules" is that upon return to Bangkok airport I will receive a stamp in my passport for another 90 days0 days - as simple as that - no (other) paperwork required.

    However, the secretary of the language school (who knows that I have a multi-entry visa expiring on 3 April) gave a some documents the other day and told me that I have to go to Immigration in Jomtien (with the documents) in order to receive a stamp in my passport for another 90 days. I am pretty convinced that this is not necessary as I should get 90 days just by leaving and returning to Thailand, but as the secretary of the school must have seen many cases similar to mine (no special case - just standard multi-entry visa) - I got a bit nervous and therefore I better ask the experts here on this forum.

    ED visa obtained, what else to show immigration at the airport?

    in Thai Visas, Residency, and Work Permits

    Posted

    I have obtained a ED multi entry visa from the consulate, but what else will i need for immigration at Bangkok airport or will the ED visa itself suffice?


    I was thinking of the "landing card" I have filled in when arriving as tourist - do I stil have to fill this in? and/or are there other documents to fill in? (stating address in Thailand, return flight etc)


    For all of you that have done this a dozen times, this is of course a silly question, but I do not want to get to the immigration to be told at that I have not provided all the necessary information and therefore I can only get a 30 days tourist visa.

    Tax (planning) in Thailand and capital gains (from trading shares, dividends and interest) made in E

    in Jobs, Economy, Banking, Business, Investments

    Posted

    Thanks to wordchild and fletschsmile for their help.


    re. 1 - thank you wordsmile for your confirmation


    re. 2 I think i will keep records (and separate accounts) to start with, maybe this is just waste of my time, but I prefer to be on the save side.


    Thank you to fletschsmile for the excellent idea of making transfers in the begining of January - I will make use of this.


    re. 3 I agree that Denmark (I am Danish by the way) should not be all that interested in a tax resident of Thailand, but unfortunately I know better and I want to be able to show them that I indeed have filled in a tax return to Thailand - again maybe not necessary, but if done incorrectly, a lot of money could be at stake.


    Fletschsmile - thank you for the advice of investing in shares listed in Thailand, I might move more of my money to Thailand, but I will wait a few years until I am sure (or as sure as one can be) that I will live in Thailand for the rest of my life - I have read that it is not that easy to move money out of Thailand again.


    Thanks again to both of you.

    Tax (planning) in Thailand and capital gains (from trading shares, dividends and interest) made in E

    in Jobs, Economy, Banking, Business, Investments

    Posted

    If I understand the (relevant) tax rules for residents in Thailand correctly:


    - A resident of Thailand is taxed on income earned in Thailand and in income earned offshore which is brought into Thailand in the year the income is earned.


    My situation: I will mainly have income from shares and other "financial instruments" but also some interest from my Thai bank accounts. I will have no income from employment, pensions etc.


    The tax rate on capital gains i currently pay in Europe is very high and I would therefore prefer to be taxed in Thailand (and be able to prove that this is the case).


    I will stay in Thailand all year, except for the occasional holiday abroad, on a ED visa (I guess that will should qualify me for being a resident of Thailand).


    I will have very little income in Thailand - likely to be below the 150.000 baht threshold.


    I will (hopefully) have significant income from shares, bonds etc earned offshore.


    I will have to transfer funds from Europe to Thailand every year to finance my living here.


    Now to my questions:


    1. My understanding is that if you have income earned offshore, it is not to be taxed in Thailand if you do NOT bring this income into Thailand during the same year as it is earned - is this correct?


    2. How do you prove that the money you transfer into Thailand is not earned in the same year? do you set up several bank accounts offshore and transfer funds only from "dormant" accounts (accounts with no movements apart from the transfers to Thailand), the income I would have on shares etc would be entered into other bank accounts?. or is there a better or easier way of doing it? Hmmm I hope you understand my question(s)


    3. How easy is it to become a become a tax resident to Thailand and file a tax return - especially if you will not have to pay anything/much

    Have a fews question about ED visa (it's going to be my first time in Thailand)

    in Thai Visas, Residency, and Work Permits

    Posted

    My questions are very similar to Nanania’s, so please could you help us on those.

    I think ubonjoe gave a very good answer to Nanania’s 1st question. But just to get confirmation on the following: on a single entry visa you can get an extension of stay, but on a multi entry visa it is not possible get an extension of stay at emigration every 90 days (you must leave the country) – is this correctly understood? (Just to explain my situation: I would have to leave Thailand a few times during the year so a multi entry visa would be my preferred choice, but my travelling will be concentrated at certain times of the year which means that there would be maybe 4-5 months without any need for travelling – here an extension of stay would be handy – but if this is not possible with a multi-entry visa I guess I can make a short holiday “abroad”)

    For Q2 I understand that after getting the paperwork from the school you will have to get the ED-visa from the consulate/embassy before travelling to Thailand. My question is: If I have signed up for a one year language training can I then choose between a single entry and multi entry visa or is this up to the consulate/embassy?

    Q3: I am sorry but I am a complete novice in this (I have only travelled on tourist visas so far) – so please bear with me. With a multi-entry visa, if I before the 90 days expire travel to for example Vietnam for a few days – what do I have to do in order to get another 90 days in Thailand? Will I have to do nothing – when arriving back at Bangkok airport just queue up at immigration with all the tourists and make sure I get the right stamp in the passport or do I have to contact a Thai consulate/embassy while in Vietnam and get some paperwork done there? and/or do I get some paperwork done in Thailand before I go to Vietnam?

×
×
  • Create New...