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BillStrangeOgre

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  1. Thanks for that And thanks to everyone who replied. Some great info here...cheers
  2. Thanks. Seems like quite a complex procedure, with a lot for me to consider before I decide to go ahead. Not least that I will be dealing with immigration at CW, costs are increasing I've heard, then there's 90 day reporting which can be done online? Is the renewal process after 12 months fairly easy in comparison? Thanks again
  3. I'm assuming immigration will accept a bank statement from the day before if you have an updated passbook (including original) with the certificate of balance 800,000thb and proof of 100thb paid in, same day as the application is submitted?
  4. I've just noticed that there's a requirement for my passbook and deposit certificate from the bank to be dated the same day as the application. How does that work? Will the bank do all the necessary in the morning to allow me to submit the application at Chaeng Wattana in time, same day? Cheers
  5. Thanks for that. On the one year extension and with the re-entry permit in hand before I leave, how long can I stay out of Thailand before the extension is voided or is valid if I stay out until the extension is finished...just want to get some sort of timeline. Thanks again
  6. Thanks for all the replies everyone. I already have a Thai bank account. One area of concern is the requirement to have the 800,000thb in my account for a full 3 months prior to the extension being granted. How does that work if I can only stay 3 months when I enter? Another quick question...Once I have the 'retirement' visa, if I leave Thailand how long can I stay out before the thing is no longer valid? Thanks for taking the time to answer these questions which I'm sure have been asked a million times before. Bill
  7. Hi, I'm a 67 year old Brit who's thinking of applying for an extension based on retirement. Firstly, I'm here on a 30 day permission to stay. I will extend for another 30 days in a few weeks then leave for Seoul, S.Korea for month in April. Is it best for me to return to Thailand on a visa (tourist?) and then begin the 'retirement' process? Is there somewhere I can get comprehensive information of what I have to do (paperwork, requirements etc) to become retired here in Thailand? Thanks Bill
  8. If I'm taxed in Thailand on those profits does anyone know the rate? Thanks
  9. If he was proving residency in the UK through his relative's address wouldn't he then be liable to UK tax on his profits?
  10. I'm thinking of opening a sterling bank account with a local bank here in Thailand. I will be on a 'retirement' visa. I would use the account to deposit funds made on profits from investments outside Thailand. Can anyone give me any idea what my tax liability/rate in Thailand be? Thanks Bill
  11. I've been using Halifax Clarity card for years and was always impressed with the no charges for foreign ATM withdrawals. Although I don't make ATM withdrawals in Thailand as no way around the local charges. The exchange rate was always good, even beats EX.com spot rate so shocked to hear this. I tend use my Monzo card to make payments when outside the UK and I'll use the Clarity card online. I use Wise to transfer funds between my UK account and my Thai bank account but I recently heard that Wise has been blocked for making card payments in Thailand but can't personally confirm this
  12. The larger a market becomes (capitalisation) the more money it takes to move it one way or the other (volatility) And yes, as more money flows in that means increased demand and prices go up. But a percentage of that inflow will remain in the market. Not everyone sells when prices go down. Over time the market gets larger and therefore it takes ever larger volumes of selling or buying to move the market. Less volatility.
  13. I think you'll find the share price is not set on the underlying performance of the company but sentiment. More investors buy than sell the price goes up and vice versa. That's how the market works Remember the dot com bubble! New internet start ups with absolutely no cash flow attained million dollar valuations. Their share prices weren't based on the underlying performance of the companies...there was no underlying performance! What drove the price was sentiment. Simply more investors believing the price would go higher. So yes you can compare crypto to shares in as much as both markets work the same way, supply and demand.
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