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sfokevin

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    Latest Retirement Extension a Warning .

    in Thai Visas, Residency, and Work Permits

    Posted

    27 minutes ago, kickstart said:

    I did my retirement extension to-day, at Lopburi office, and they say 800k  3 month before like it has been ever since the office opened, now about 10 years.

    And now they put a sticker on your passport saying 800k must remain in your account for 3 months, then after 3 months  it must not drop below 400k ,no mention how they are going to check the amount needed is in the account ,next 90 day I suppose I will have to take my bank book with me and a bank  letter.?

    Sticker!... What next an ankle bracelet!...

    Can you post a pic of this new sticker...

    Permission to stay using monthly payments

    in Thai Visas, Residency, and Work Permits

    Posted · Edited by sfokevin

    8 hours ago, ubonjoe said:

    That is first time I have heard of an office wanting that.

    You ask your bank to write the letter stating the monthly transfers were international transfers.

     

    Would not a 12 month bank statement showing monthly foreign stated/coded 65k transfers from the bank and a corresponding bank letter confirming balance work?...

     

    Or is there some special written bank letter and if so can someone post an example of this bank letter?...

    • Like 2

    Leaving 800K in a Thai Bank Account - Pros/Cons/Value to you

    in Jobs, Economy, Banking, Business, Investments

    Posted

    33 minutes ago, gamb00ler said:

    Set up a DeeMoney account for your heir to use to transfer your 800K ฿.  Do test runs to ensure that they can access it remotely.  They may need a VPN to do so.  Make sure they are kept updated on the correct procedures for transfers.  Give some trusted family and friends the contact information so they can keep your heir informed if you become unwell.

     

    Does anyone see potential problems with this approach?

    My Thai partner can not even remember his Facebook password :coffee1:

    Leaving 800K in a Thai Bank Account - Pros/Cons/Value to you

    in Jobs, Economy, Banking, Business, Investments

    Posted

    1 minute ago, Jen65 said:

    The whole point in having/leaving the required minimum 800,000baht ( or sterling in a sterling deposit account ) is that the money is still readily accessible in emergency whereas in fixed interest savings / deposit account the money is placed for a fixed period of time ie minimum 12 months and not accessible .   The difference in interest and tax deducted is marginal anyway .  

    Under the new rules just hope any medical emergency doesn’t happen from two months before or three months after your extension date... :coffee1:

    Immigration Hua Hin BEWARE

    in Thai Visas, Residency, and Work Permits

    Posted · Edited by sfokevin

    On 4/13/2019 at 2:46 PM, CMNightRider said:

    The agency makes an appointment for me once a year and physically drives me to immigration.  Immigration takes my photo and has me sign a couple of documents.  The visa agent then drives me back to their office.  It's all legal.

    I do the same thing... Mainly so I don’t have to sit for hours in a poorly ventilated room full of farrangs... :coffee1:

    • Like 1

    Are you prepared for a medical emergency?

    in Health and Medicine

    Posted

    17 hours ago, puukao said:

    I routinely swim throughout SE Asia, saving over 500 kids per year from drowning.  I also help the farmers from snakes, and create paths in the jungles for villagers to safely pass.  

     

    it's no biggie......just trying to help my fellow human

    If you can save beaches - We need you in Pattaya!...

    • Haha 1

    Leaving 800K in a Thai Bank Account - Pros/Cons/Value to you

    in Jobs, Economy, Banking, Business, Investments

    Posted

    My guess is that going forward immigration will look dimly upon most monthly income transfer methods that are not standard government/social security backed up by proof “pension”...

     

    As others have said the 800k in the bank ends a lot of immigration uncertainty... I also wouldn’t put it past a Big Joke 2 mandating that the 800k be increased... Having the 800k in place now might put you in a grandfathered position... 

    • Like 2
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    Leaving 800K in a Thai Bank Account - Pros/Cons/Value to you

    in Jobs, Economy, Banking, Business, Investments

    Posted · Edited by sfokevin

    Right now I'm in the camp of keeping my money in my home country (Relatively safe at 5-6%) as I don't need to pay an agent 20K to process extension so I calculate my opportunity cost at ~30K... I can easily show 65K/Month of foreign transfers in thru BK Bank Statements... That being said I will watch how this next 10 months (until my renewal) to see how people using the new bank transfer income method fare... They may all be considered suspect by immigration or be considered a bother to process and be singled out for scrutiny and high failure rate - I do not want that grief...

     

    If so I will put 800K here and be done with in and just go play golf...

    Albeit at the cheaper military course... :coffee1:

    • Like 3
    • Thanks 1
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