Misty

Mine was sorted as well. Also needed to update information, as well as remove off a phone block. The UOB staff were very professional at the branch office in the main building on Sukhumvit. They also had difficulty getting through to the back office people at first. Apparently they've been very busy since the final handover Sunday evening.

Glad to hear you got it sorted. Tried calling UOB again this morning, and unfortunately no progress. Looks like I'll need to go to my nearest branch today. Hope it's also a relatively easy fix.

1. Yes, I think you're supposed to make an appointment at the BOI within 60 days of receiving the approval letter. You may be able to get this extended if you request it. 2. As of Dec 2023 they were still accepting cash for the LTR visa itself. If you get a digital work permit, however, it's a different cashier and they would only accept credit card or phone app bank transfer. 3. If you choose the e-visa in the US, you'll get a pdf of the visa and there's no 60 day limit for entry. Just a note on e-visas: if you later want to switch to another type of visa these can be problematic. The LTR e-visa is good for 10 years (rather than the standard 90 days for most visa types). So you'd have to get the e-visa cancelled by the Thai embassy or consulate that issued it. It can be done, but the process is complicated and long. I had an LTR e-visa initially, but when I became eligible for an LTR visa with a lower income tax rate, it was financially worthwhile to switch. Eventually I was able to do so, but had I not gone the LTR e-visa route initially and instead gotten my LTR visa issues in Bangkok, the LTR unit in Bangkok could have handled cancelling the old visa, and the switch would have been much easier.

Hope the local UOB branch can help. Phone calls (when I can get through) just result in being told that someone will call me back in 15 min. So far no one has called, and I conclude they are overwhelmed. No time to go to a branch today, but will do so tomorrow if this remains unresolved. It's good you're getting notifications of transactions, so at least you can see if there's card misuse. I'm not getting those types of messages, although one UOB person was able to to confirm my phone number. Hopefully the risks are low, but if data was compromised this period would be ideal for fraudsters.

Interesting to see the differences between the 2022 data of actual travel, and a 2024 poll that @BurmaBill posted in this thread previously. Florida could be too expensive, but at least in the poll NYC made it into the top 10 travel planned destinations: https://business.yougov.com/content/48404-what-are-britons-top-travel-destinations-for-2024

Thanks for the interesting link. I would have guessed at Spain and Portugal, and from UK friends also domestic UK. If you add New York + USA the two together are 9% so just above Greece.

You're a step ahead of me. I had a CC credit card and have tried to register for a UOB online account a couple of times since last night. Not receiving the OTP. The system appears to have my correct information and phone number, Separately, now also not receiving OTPs from payment systems that used to be run by Citi and now say UOB. Have called UOB, and they are looking into the issues. Long phone wait times, they may be a bit overwhelmed.

So you have no idea

So where are British going instead?

Yes, I agree it is lower - probably not enough coffee this morning. rechecked and it looks like THB 2.2m in income would result in tax of THB377k or an effective rate of c.17%

For foreign remittances to be taxed at an effective rate above 17%, based on the current progressive tax schedule and using standard deductions and without an LTR visa, I figure you'd need to bring in about Bt8.5m each year (c.$236k) - without any foreign tax credits to offset it. Of course, a moot point if you have one of the LTR visas (except LTR HSP).

You may misunderstand the LTR visa's tax benefits. I currently have the LTR HSP visa but am not "legally tax-free." I will pay a substantial amount of Thai income tax on my salary, albeit at a flat rate of 17%. Previously on a different LTR visa at progressive rates I paid up to the top 35% marginal rate, or effectively a total of c30% including RMF deductions.

The tax issue is definitely something big spenders (wealthy/rich) expats consider when looking to move to a new country. If they don't, frankly they are hugely remiss. Prior to last September's changes to how the tax code would be interpreted, these types of expats liked the fact that Thailand did not tax them on passive income earned outside of Thailand. And now that Thailand has changed the tax code interpretation, big spenders will certainly consider the LTR visa over other visas that don't address this tax issue.

Having had to annually extend a NonB/work permit every year for decades, with the mounds of annual paperwork and ever growing requirements, the LTR visa + digital work permit is a huge improvement. To start with, the LTR unit is professional, courteous and even friendly. Such a breath of fresh air! Given the amount of Thai income tax I've paid over the decades, the LTR unit's attitude is so welcome and in stark contrast to the attitude of the offices overseeing NonB visa/work permit extensions. Not to mention there's no annual renewals with the mountains of required paperwork and wasted time, no 90 day reporting, no requirement for re-entry permit, no Thai employee requirement, no minimum salary, no need to be in country every year (like with PR), no harassment of annual syphilis blood tests. There are some nice tax benefits. And using the fast track at the airport is further icing on the cake. At the very least, I can only guess @Gottfrid has never had a NonB / work permit or at least not recently, and has no idea what a corrupted mess that process has become.

For those who qualify, an LTR visa is generally much better than the other options you mention.

Definitely suggest checking out the WP LTR visa. It's a 10 year visa and there are many advantages if you qualify, including up to 4 related visas for spouse and children.

Another example is a US taxpayer with rental income that isn't taxable because of deductible expenses such as depreciation, etc. The rental income isn't included in taxable income on a US 1040 tax filing, but can be included as income for an LTR visa application.

I've found going to the LTR office in Bangkok to be the best way to get answers to questions when I couldn't get answers by phone or email. From others posting in this thread - make sure the bank account balance is with Charles Schwab Bank, and not Charles Schwab Brokerage. Apparently the LTR unit no longer accepts brokerage accounts for the self insurance requirement. If you do find you need to purchase an insurance policy, check out LMG Insurance - you may find their long stay visa plus policy with a high deductible to be better priced than the one you have: https://www.lmginsurance.co.th/en/long-stay-visa-plus-premium-plan-100000-usd

Demographics are not favorable for residential property demand.

Thanks Cocon, it's good to know. In the near term we're planning to hire a new employee. Longer term I could see a similar situation as you describe, working part-time.

I had a lot of pain in my neck and right arm during covid. Finally had it checked out, hospital ran some x-rays and said there were signs of degeneration. they thought related to aging. Ended up working with a physical trainer and added a series of daily stretches to my normal workouts. These helped, but only some. What really helped (and now have no pain) was starting to do pushups regularly again. Hadn't really done these since army days. Good form with neck straight is obviously important. I wonder how much of what medicine calls "normal aging degeneration" can be helped in this way.

You could be correct that the requirements are the same as for a work permit not attached to an HSP LTR visa, although the LTR unit said verbally there are no requirements. I calculate a breakeven point between a normal tax schedule (PND91 - progressive rates) and the HSP tax schedule (PND95- flat 17%) at about Bt181,000 per month. If you earn below that, you'd pay less Thai tax using PND91 calculations. If you earn above that, you pay less Thai tax at the flat 17% rate. Not that that is taken into consideration for the HSP digital work permit, however.

Thanks @ThailandRyan, qualification information is clear. Still looking for details on what salary is required for the digital work permit, does anyone know?

Does anyone know what the digital work permit salary requirements are for LTR-HSP visa holders? For example, work permit holders with NonB visas have stated minimum salary requirements that vary by nationality. I’m considering hiring an employee who qualifies for the LTR HSP visa. I’ve asked the LTR unit about what the digital work permit salary requirements are for HSP visa holders and been told verbally by a junior staff that “there are none.” I’ve tried to verify this in writing (emailed the LTR unit, looked for legal documentation), but have not received a response nor found anything online supporting it. All I can find is that there are no 4 Thai employee requirements - nothing about salary requirements either way. If there truly are no salary requirements, it would be good to know and would provide more flexibility. But if there are salary requirements, it would be better to find out now rather than later. As always, I appreciate any insight that this forum can provide.

I haven't had a wealthy pensioner visa before, but maybe @Pib or @oldcpu can help