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charliebadenhop

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Posts posted by charliebadenhop

  1. Back several years ago my money slipped below the proper minimum for about 3 hours, and they forced me to leave the country and start over again. This was for my retirement extension. They quickly scan every line of your bank book, and it doesn't seem to matter to them if you are below the minimum for a very short amount of time. 

     

    And yes, depending on the official you get, your mileage might vary. The official I got knew me, but he said he had no choice, "because the law is the law" and he would be putting his career in serious jeopardy if he did not report me. 

  2. (Everything written in BLUE ink.)

     

    Completed TM7- Printed 2 sided. 
    Passport-

    Passport photo page, visa, entry stamp, current extension and all other pages that have something for Thailand on it.
    TM6 departure card COPY
    Bring my Bank book-

    COPY of bank book pages for the last three months. (Provided by the bank)
    COPY of Bank book ID page
    Letter from Bank confirming balance and statement. 


    Photos- 1 required, 2 would be best, just in case 4 X 6 cm.
    Proof of residence, and a COPY of the rental contract.

    Is proof of residence on a folder piece of paper stapled into the passport?

    If so, do I also need a copy?


    Foreign National Information Form

     

    Fee baht 1,900

    • Confused 1
  3. I do not currently have al Elite visa but I am thinking about it-

     

    Here is my thinking- I have a fund I have been investing in that has been returning 10-12% per year for several years now Let's say 10% for easy calculations. 

     

    B800,000 = roughly US$25,000 these says. 

    So if I invest that in the fund I have my other money in, or research another fund, I can likely make $2,500 a year on the $25,000, but of course no guarantees.

    $2,500 = roughly B75,000. 

     

    Keeping to five years for the Elite visa at B500K, my first year would be close to a wash, since I had to pay B500K all in one clump, as compared to keeping it i the bank and getting close to zero interest. After that, I make about $2,500 in investing my $25,000, while averaging a yearly spend of $3,000 with Thai Elite. Close to a wash depending on a lot of unknowns. 

     

    So for such a small difference in money, Thai Elite is starting to make a good deal more sense to me.

     

    What do you think?

     

     

     

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