Presnock

Incorrect info just like others who have no idea, this is your erroneous interpretation of a Thai regulation...you are WRONG so why spread false information - are you a tax agent or what?

I sure fail to understand WHY you continue to state annual re-qualifications - there are none, if you have an LTR you don't even have to go to provide your address. Stop puting out the wrong information and if you can't under stand our English then contact the BOI and ask them.

Yessir know where you are coming from...I was a runner for over 50 years, did a couple of marathons (body responded by no more of those) so ran half marathons and weekly races of 10-15 K races. Daily after 55 ran 5-10 miles a day every morning except thunderstorms. Then at 65 I thought to myself that since I only ran on sidewalks and roads, I was probably going to have to have my knees replaced in the future so I started just walking - 8-16 kms a day. Did that until I intentionallylost 15 kilos - now I have maintain that weight - I am 77 doing 6 kms a day 7500+ steps as one of the latest studies says this is the optimum though if I do more, I may extend life around 1-2% a year. Walking is just normal for mankind...I check my heart rate, no problems, BP well within range for someone much younger and enjoy those walks plus I lift light weights several times a week and since I stopped running even have definition and bulking up a tad. I eat according the Dr. Li's best sellers and blv Thailand has to be one of the best places to be to get the great fruits and other benefits from good healthy meals. Only real problem here is the pollution so I run with a surgical N95 mask. Good luck

You can check with the BOI and or the Tax revenue dept but if you have the LTR, and want to work in Thailand, he BOI will assist you in getting a work permit. They can advise you about working online in Thailand, as I do not know for sure but sounds like if you are working in Thailand and are here over 180 days, you are a tax resident of Thailand. If your company pays you directly it may be considered that you are "earning" the salary/funds within Thailand but if the company pays it into your bank in another country and then you do a transfer and remit it into Thailand that might be considered different, especially if you pay taxes on it elsewhere. Like I said this is totally alien to me so you need to check with the Tax experts and see what they think.. I guess this is a "digitl nomad" system so out of my world totally. Good luck

If you come to Thailand and become a tax resident prior to obtaining your LTR, then monies you remit during the time before the LTR will be taxed so unless you just save it outside of Thailand in savings or whatever, and then after you obtain the LTR you can remit anything free of tax that was earned outside of Thailand. Hope this is clear. It seems pretty clear to me but..

amen to that

Hey, at least the police used available CCTV and investigated to fairly quickly determine what happened to this Korean any idea on a why they did it? Poor guy, couldn't even relax here in Thailand. Wonder if they will ever catch the murderers.

Yes I agree, I have a US health insurance which I would use if any serious illness for me or my family. I also have accident insurance for us as it is rather cheap, just like during COVID we unlike being in the US could get treated easily for free - here the COVID insurance was less than 20USD - wife had to spend 5 days in the hospital and it was almost totally covered. Just saying, like mentioned above a healthy lifestyle helps but then again the pollution in this country nowadays is scary for one's future health. Good luck as a serious illness here could really hurt financially as many tourists and expats have learned.

well if they only spend 3-6 months in Thailand they can escape even being a resident, thus not having to pay taxes in Thailand on their earnings.

As I mentioned, at 21, just out of VN and working in a Biden state, I heard all kinds of stories about him. Then working for the govt, meeting, briefing and watching elected officials visiting our overseas missions, I quickly realized just what these individuals were. They all fit the same mold in my opinion. I have yet to meet any politician that I could ever admire. Voting through the years has always been the least of the worst candidates running for any office. At first some seem to be maybe from some other mold but it doesn't take much time for them to realize just what they can get away with. Not only our politcians but those around the world seem to be in that same mold. Now, I am too old ... I sure couldn't vote for either of these candidates right now. Big business has recognized the game for a long time and that is where the candidates come from.

having lived 77+ years, worked and lived in countries around the world, the one thing in common that I have learned is CORRUPTION among the elected or autocratic representative(s). I naively used to blv that most of ours in the US were patriotic and fairly honest - after working for the mil/govt for 40 years I realize we have some real champions at this game. When not only refuse to vote against corruption, but refuse to even floor a non-corruption bill, to me it is blatant as they have learned from the beginning of taking any position, the easiest way to riches is through these proven means. Now one can easily see that their main focus every moment after taking a seat is to begin planning the way to re-election instead of fixing the problems of the nation. I realized how bad Biden was long before he ever got to the higher positions - in '69 I worked for a short time in a Dupont plant in Delaware so met a lot of the local voters - never heard one word of praise whenever we chatted about local politics from ANYONE! My opinions anyway from my experiences in life.

A multi nation study done several years ago (included US, Japan, and many EU countries) found that exercise could stop the progress of dementia - Japan opted for walking, Eng for ping pong and such indoors acty, Scandanavian countries opted for skiing and winter acty, all because they found that exercise was a key, but the US decided to go the pharma route which seems to be the answer in today's world because they make so much money it is better to have people ill all the time and needing pharmas to survive. However, seeing the current trend of natural food remedies (that really have been around for thousands of years) and studies finding that the food based treatments are more potent than the pharma produced medicines, yet the food based do not have any side effects on the body. All determnined by mother nature so to speak and which enable the body to heal. These studies have shown that the major causes of death/chronic illnesses are due to lifestyle and processed foods (sugar too)! for information on these studies, they are documented in several books by Dr. William Li a Harvard trained cardiologist and researcher.

I recently read the two books by Dr. William Li about food/diet for good health, curing diseases. As an after thought in one of his interviews (he is a researcher too as well as a Harvard cardiac doctor - he mentioned that VIAGRA helps prevent dementia/Alzheimer's - something about keeping blood vessels open. His books explain about the new world of natural "medicines" versus big pharma. He spells out the common foods one should eat to avoid ANY of the major diseases including dementia. Just a thought. Yes I have family experiences with Alzheimer's and follow the articles published openly. Many studies show improvement in dementia with physical exercises and also learning a second language has been shown to be beneficial too. Good luck

Based on the numerous articles and comments I have read about health insurance in Thailand, if one is healthy and has no previous history of any disease/health problems and doesn't plan to have to continue that insurance at a reasonable rate once the individual gets old (like retirees) then I would feel more comfortable with an international (US) insurance company so that I know that they would be totally responsible for what is in the benefits package and no ifs ands or buts, they pay. I have of course a policy through the govt since prior to my retirement. Yes it is expensive but they just can't refuse to pay when I file any claim. I am 77 and if I even tried to get a local insurance it would be extremely expensive and with lots of caveats written into the policy in the favor of the company, not me. I am just saying, but I am talking about my and my family's health and my situation is totally personalble for me. Any possible legal ramifications between a local (person/place or thing) the law sides most likely with the local and not the ex-pat is what we see/hear all the time on this forum and in the papers. Just something to think about. What you need to do is check out the costs of local insurance versus international/US companies. I read that most EU countries health insurance is different so I can't speak for them. You can always ask on the forum about getting health insurance locally vs intl - there will most likely be a lot of comments from folks and their own experiences. Or you can search too on this forum about health insurance and there should be many conversations about that issue just as there have been about the tax of money remitted into Thailand, and the visa/immigration experiences. Good luck and if you have any questions about anything here, ask and if I have any experience I will be honest with in any case. I could have retired in the US easily or anywhere else as I have lived and worked in many countries but the most beneficial in just about every way is Thailand. It is not perfect but I love it still after 20 years of retirement here. The LTR to me is the cheapest (long run) and most beneficial for me and also rids one of a couple of headaches maybe. Good luck

FROM

there is nothing whatsoever about requalify each year. Once a year you or your agent has to verify your current address, if you leave Thailand, then like the 90 day report, your next reporting of address to the immigration folks is one year away. As for maintaining the qualifications, every visa in Thailand that I know of in order to be kept by the holder is required to maintain the qualifications for that visa though I guess some folks don't but haven't been caught. Each immigration officer/office might make something else necessary but the BOI immigration office only asks for address, filling in TM.95 (application for the visa extension each year if you are in Thailand< tm 6 if you have it. But no tax on overseas incomes of any type, no 90-day reports and cheaper in the total 10 years. For me it is the best with the most benefits for the least money.

Actually the BOI from my experience really prefers the tax returns for the past couple of years as it shows sustained income over the 80K the stickler may be in the 50K USD hospitalization part of the health insurance requirement. The only way to know for sure is to fill out the TM.95 and ask the BOI folks. They are very patient and helpful and speak English.

that might end retirees coming here...but who knows what might come about here. Now today we learn that Prayut & co. have been cut out of the good positions in the new govt...but I thought he was in charge of putting together the new charter for the govt...guess he will change all to military again but who knows, not this old man.

the cost of the elite visa is 10-30 times more and no tax on remittances available. So one gets to hang out a some Thai hi-so places - not my bag. I'm no millionaire by a log-shot, just a pensioner that spent 40+ years to get what I think I earned/deserved. The only yearly bit is advising immigration of one's residence. After 5 years, don't know for sure. I believe most people that pay taxes have some documentation of taxes paid and people either have health insurance already but just need the company to spell out "$50K" for hospitalization as most policies I guess just say "unlimited" for hospitalization. My company wrote such a letter to a previous person who got his LTR and advised via this forum about the company spelling it out. At least those of us from the states have done this okay - as for those from EU countries with their govt health systems, I have zero knowledge also their tax systems. I can only really speak for myself. The LTR is perfect for me,.

hope that changes and the "big guy" spends a long time in some prison.

Consider the various visas available as some require health insurance especially international companies and coverage. As a retiree, you might want to check out the Long term visa from the Thai board of investment- depends on pension, financial and health insurance for people like me. I had a retirement O until this LTR came about and saw that it fit my situation perfectly. One can obtain it from an embassy or consulate also. One of the benefits is any foreign funds remitted to Thailand are not taxable, one can still work with a work permit while other retirement visas do not and taxed at a different rate. Can find info on this visa at "boi.com" or Long Term Visa Thailand. Goodluck

I never played any golf until I came to Bkk in 1976, always thought it was a stupid game - after playing first round at the OLD Khao Yai course (armed guards for tigers and caddies wouldn't go in the woods for any balls hit there. 5 of us lost 80 balls on the 1st nine holes. Loved it too much. 3 of us it was our first round of golf - we all three ordered clubs the following week. I think anywhere else starting golf other than Thailand might have kept me from falling in love with the game. I live in CM now and have had a few problems with wrists so stopped playing a couple of years ago but now am anxious to get back out there.

The State Department Credit Federal Credit (sdfcu.org) will open accounts for Americans living overseas (do not have to be a US govt nor StateDept employee), full account, credit cards, etc. I have been a member for over 4 years when my BOA account (50 years in use) was closed since I had no US address or phone numer. My pension check goes to them and then I transfer how much I want whenever. No problems. I also have seen on this forum other banks too incuding I think EUR citizens are able to open accounts. Ask that question and folks will probably answer you,. Good luck

well Lee Trevino if you know who he is, during an interview he as asked what he would do if he was playing in a thunderstorm and his reply was "I would play my 1-iron because not even GOD can hit a 1-iron!!"

absolutely not! I had a retirement O for 20 years, I went through the different changes both at CW and especially in Chiang Mai for many years. When I read about the BOI LTR I was amazed at how well it fit with my situation as a long term resident, The only 3 weeks of having great support in the BOI office, I had my stamps and couldn't be happier with any other visa. I had many choices of where I could retire including in the US but after having lived in just about every liveable continent, Thailand was my first choice and I have not regretted it even one day. I realize it is not perfect but I sure don't Know any other place that could be better for me. Right now am finding it difficult to not be super happy every day! Good luck to you and others that also love living here and hope it only gets even better.