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blackcab

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Posts posted by blackcab

  1. It depends, but 2-4 working days is normal. I've never heard of it taking 3 or 4 weeks. Possibly steer clear of that office.

     

    In the normal course of events it will take 2 days. Day 1 will be generating the translation, day 2 will be submission. Normally you would collect the document late on day 2 or on day 3.

     

    The problem the translators might have is that they can transliterate your name perfectly, take it to the MFA who will disagree with one character and the document has to be resubmitted, normally the next day, which would be day 3, adding 1 day to the process.

     

    If the district office asks for a certified copy of your passport then it's mandatory. Certain district offices vary slightly in their requirements.

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  2. The posting date and the transaction date are nearly always the same thing. The only time this will differ is if the merchant does not post the transaction immediately. All it means is that the transaction will not show up on your statement until it is posted. Most people would view this in their favour, although in reality with modern technology it rarely happens.

     

    The terms are more relevant to a past time when merchants used manual card impressioning machines, and it might have taken a few days for the transaction slip to be handed in to the bank and processed.

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  3. On 7/17/2022 at 11:24 AM, overherebc said:

    Anyway you can't pass the land on to your kids etc

     

    Strictly speaking your non-Thai children cpuld inherit the land, but their choices would be:

     

    1. Sell the land, either to a Thai citizen (most likely), or a non-Thai citizen under the rules discussed in this topic (not so likely).

     

    2. Buy the land themselves as a non-Thai citizen who qualifies under the rules discussed in this topic (not so likely). A deed of gift could not be used, which means full land office taxes and fees would have to be paid. 

  4. 47 minutes ago, ukrules said:

    Seems a little unrealistic to me.

     

    Lets look at the numbers, 1 million people, that's quite a target - in fact it's 1.4% of the current population of Thailand.

     

    One million people each investing $1 million would bring more than $1 Trillion, or to be more precise 40 Trillion Baht into the economy and that's just with the investment requirement.

     

    Then there's 1 million Rai which these new arrivals are supposed to purchase - where is that coming from?

     

    That's about double the Thai GDP from a few years back which is no doubt considerably lower right now.

     

    So, it's absolute nonsense in every way that it's possible for something to be absolute nonsense.
     

     

    The World Bank puts Thailand's GDP for 2021 at USD 505.98 billion.

     

    To be fair the article doesn't give a time frame for the arrival of the 1 million well heeled foreigners. Also, each foreigner is not obliged to buy 1 rai. They could buy any amount up to 1 rai, although I don't really see anything under 0.5 rai being usable for someone with that kind of purchasing power.

     

    0.5 rai is enough for a house, a small swimming pool and parking for 2 cars if it is designed well.

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