Karma80

I'd appreciate some advice from those who had trod the path before for an LTR WP, as I now find myself turning the age when I can apply! Having been in the country for some years on a Non-B with WP, I'm willing to forgo my local Thai income and just rely on my offshore investments. I have both interest and dividend income streams, rather than pension - as I have a few years before I can access that. Since I will need to restructure my investments a little to meet 80k pa clearly and regularly, I appreciate I will likely need to season my supporting bank statements for a few months first. My immediate question - is it only one year of supporting evidence needed before application? - TIA.

Protecting the ping pong ball manufacturing industry.

My Korean friends living here tell me that that the ridiculously strong Thai Bhat vs weak KRW are absolutely to blame. Thailand is expensive for Koreans now and there's no amount of adverts that's going to bring them back any time soon.

Different flavors of the same.

No. And that's why they will never increase the attractiveness of that category. You must have a contract with an employer who has a combined revenue of least US$50m over three years. But that's only half the story, because that company must be willing to hand over it's audited accounts to Immigration to support your application, and create a potential permanent establishment risk in Thailand headache for the company. Many international remote workers will have their own legal entity contracted to their overseas principal "client" or offset risk and meet tax advantage. The intermediary company would never meet the $50m requirement. They should have just made it income based remote workers and set the bar high enough to meet whatever "quality dreams" they have. But instead wealthy retirees lead the way - and that won't change.

Protect the family and end the whole mess. They can all just go back to being billionaires with significant influence.

VAT is regressive and disproportionately affects the poor, punishing the very fringes of society. It's a lazy way of governments not facing the music and taxing as they should.

Clearly, another "man of the people". The wealth connected with government contracts is purely a coincidence.

That's important to me, and I daresay others who are still very much not retired and generating money offshore. The taxation uncertainty of Thailand holds back the country. Thailand no longer has to play by the OECD rules now the US has broken everything, and could position itself as low tax haven, akin to Singapore or HK, at least in terms of personal and corporate taxation. Of course, it would take a government that lasts longer than the lifespan of a mayfly...

You might need the cannabis to dull the pain headed to foreign residents in Thailand if he does. We shouldn't forget in 2020 he proposed that all foreigners should be kicked out of the country, and currently advocates for immigration reform.

I believe the collective noun for a group of in-and-out the door Prime Ministers is a "Thai"

As of this moment Thailand is not the only one suspending service - Australia, Singapore, China, Hong Kong, South Korea, Japan, Norway, Sweden, Denmark, Finland, Belgium, Austria, Czech Republic, France, Germany, Spain, Latvia, Lithuania, Estonia, Liechtenstein, Slovenia, Ireland, United Kingdom, Malta and others. Our company's Canadian office still has packages stuck in the never ending game of courier customs fees from the last rounds which got TACO'd. So we suspended all shipping there since. There can be so business certainty when everything rests on the whims of an old man shaking his fist at sky , posting decrees on X, and pretending it was the 80's.

The only real question is how they end up being removed from power eventually, overwhelming people power with an election result that decimates them, or tanks.

I hear Dubai is very nice this time of year. Maybe you can take your family with you.

I for one am quite happy with this and hope it makes the Gazette quickly. The former, former prime minister who started this nonsense was delusional and for all his talk of investments and tax, it came to nothing. Thailand's ambition to join the OECD should be shelved given the current world re-order. The US has declared minimum global tax to have no effect in the US, so why should anyone else play ball. Time for Thailand to get very competitive and become a true territorial tax country.