notamember Posted June 20, 2018 Share Posted June 20, 2018 12 minutes ago, Tacuisse said: Actually, they do lend the money. I know a person in my condo who followed this route. The money was placed in his bank account for the required period, then withdrawn and paid back to the agent the day after his retirement extension came through. The agent charged interest of 30,000 baht, an annualized rate of 15%. I don't know if that process is illegal or not, but it does happen. Thank you thats 2 instances that scuttle the never happens naysayers speculations 1 Link to comment Share on other sites More sharing options...
transam Posted June 20, 2018 Share Posted June 20, 2018 We all know folk have got around it one way or another, but to me if it were "OK" then immigration would allow Joint bank accounts, but they don't, it has to be the farangs money, not Thai money.. 2 Link to comment Share on other sites More sharing options...
notamember Posted June 20, 2018 Share Posted June 20, 2018 5 minutes ago, transam said: We all know folk have got around it one way or another, but to me if it were "OK" then immigration would allow Joint bank accounts, but they don't, it has to be the farangs money, not Thai money.. I think joint account is allowed if there is more than double the 800,000 baht (1.6 million+) so that if divided by the two holders each has more than the 800,000 required it matters not if the two are a Thai national and foreigner as long as the division of funds for the foreigner is in excess of the 800,000 baht Link to comment Share on other sites More sharing options...
dakineto Posted June 20, 2018 Share Posted June 20, 2018 19 hours ago, elviajero said: If you are the parent of a Thai the funds don’t need to be seasoned. If the office you apply at are insisting it does, and you need more time, you could apply for a 60 day extension without the need to show financials, and then apply for the 1 year extension once the funds have seasoned for two months. Funds don't need to be seasoned if you are a parent of a Thai. Could you provide a source for that? Link to comment Share on other sites More sharing options...
ubonjoe Posted June 20, 2018 Share Posted June 20, 2018 10 minutes ago, notamember said: I think joint account is allowed if there is more than double the 800,000 baht (1.6 million+) so that if divided by the two holders each has more than the 800,000 required That is correct for some immigration offices. But some will not allow a joint account at all. 2 Link to comment Share on other sites More sharing options...
ubonjoe Posted June 20, 2018 Share Posted June 20, 2018 11 minutes ago, dakineto said: Funds don't need to be seasoned if you are a parent of a Thai. Could you provide a source for that? Clause 2.18 of the police order does not mention that the 400k baht has to be in the bank for any amount of time. But some offices want it to be in the bank for 2 months. "(5) In the case of parents, the father or mother must maintain an average annual income of no less than Baht 40,000 per month throughout the year or must have deposited funds of no less than Baht 400,000 to cover expenses for one year." Source: Police Order 327/2557 1 Link to comment Share on other sites More sharing options...
Popular Post allane Posted June 20, 2018 Popular Post Share Posted June 20, 2018 20 minutes ago, notamember said: I think joint account is allowed if there is more than double the 800,000 baht (1.6 million+) so that if divided by the two holders each has more than the 800,000 required it matters not if the two are a Thai national and foreigner as long as the division of funds for the foreigner is in excess of the 800,000 baht To say nothing of the fact that this is a thread for people who can't scrape together B 800,000. How are they going to provide twice that ? 3 Link to comment Share on other sites More sharing options...
Tanoshi Posted June 20, 2018 Share Posted June 20, 2018 3 hours ago, notamember said: an agent loans you the money, no law against that What, he puts it in your bank 3 month before your extension is due. Link to comment Share on other sites More sharing options...
transam Posted June 20, 2018 Share Posted June 20, 2018 59 minutes ago, allane said: To say nothing of the fact that this is a thread for people who can't scrape together B 800,000. How are they going to provide twice that ? So what, you a hi-so..This thread is for all members chap... 1 1 Link to comment Share on other sites More sharing options...
Tanoshi Posted June 20, 2018 Share Posted June 20, 2018 2 hours ago, notamember said: Siam Law can do it for you are you saying they a dodgy agent? It's Siam Legal and yes for the right amount they can dodge the system. 1 Link to comment Share on other sites More sharing options...
Tanoshi Posted June 20, 2018 Share Posted June 20, 2018 2 hours ago, Peterw42 said: A high ranking immigration official can overide the seasoned funds requirement, Agents have working relationships with the immigration officials. Not illegal, the agents just know the process and who to ask for an exemption. Technically an immigration officer, with authority to do so, has approved the extension. Just not available to normal people. Only if his palm is adequately greased...….or you married his daughter. 1 Link to comment Share on other sites More sharing options...
Tacuisse Posted June 20, 2018 Share Posted June 20, 2018 There is also the income route, whereby people have a statutory declaration or embassy letter which states their income is equal to or more than 65,000 baht/month. I'd suggest there would be quite a few panic attacks if solid proof of that statement was ever required. Link to comment Share on other sites More sharing options...
Tanoshi Posted June 20, 2018 Share Posted June 20, 2018 21 minutes ago, Tacuisse said: I'd suggest there would be quite a few panic attacks if solid proof of that statement was ever required. It is for an Income Letter from the British Embassy. We don't swear an affidavit, or have to commit perjury in the process of proof. Link to comment Share on other sites More sharing options...
Phuket Man Posted June 20, 2018 Share Posted June 20, 2018 3 hours ago, notamember said: Siam Law can do it for you are you saying they a dodgy agent? Yes. 1 Link to comment Share on other sites More sharing options...
notamember Posted June 20, 2018 Share Posted June 20, 2018 48 minutes ago, Tanoshi said: What, he puts it in your bank 3 month before your extension is due. It appears from some reports on here that’s exactly what they do 1 Link to comment Share on other sites More sharing options...
notamember Posted June 20, 2018 Share Posted June 20, 2018 38 minutes ago, Tanoshi said: It's Siam Legal and yes for the right amount they can dodge the system. Yes I know put I did not want to defame a 7 office international law firm it appears that pucketman has no concerns about that he thinks that named firm is ‘dodgy’ he must have deep pockets mat-be he will need an agent at some point... Link to comment Share on other sites More sharing options...
notamember Posted June 20, 2018 Share Posted June 20, 2018 1 hour ago, allane said: To say nothing of the fact that this is a thread for people who can't scrape together B 800,000. How are they going to provide twice that ? Maybe a wife could get a bank loan on a land or house and deposit 1.6 + million in joint bank account and use that to support a renewal Link to comment Share on other sites More sharing options...
notamember Posted June 20, 2018 Share Posted June 20, 2018 48 minutes ago, Tanoshi said: Only if his palm is adequately greased...….or you married his daughter. Quite an accusation if true then you have done it making you a co conspirator and aiding and abetting a crime if not, it’s soecuation and assumption and could be defamation as to marrying the daughtet? best not go there 1 Link to comment Share on other sites More sharing options...
stephenterry Posted June 20, 2018 Share Posted June 20, 2018 Unless the law has changed (or immigration don't know their own rules), a mixture of bank deposit amount and income meeting the B800k for retirement needs no seasoning. So, for example, an income letter from the Embassy stating a monthly income of B30k (B360k per annum) plus a bank deposit (that could have been made that day) of B440K, totalling B800k is sufficient. Obviously the income and deposit amounts could vary, but added together equals, or exceeds the requirement. The same scenario could also apply to the marriage extension totalling B400k, but that needs checking. 1 1 Link to comment Share on other sites More sharing options...
Pilotman Posted June 20, 2018 Share Posted June 20, 2018 7 hours ago, Tanoshi said: If you don't have the required funds in the bank, or the required income, please explain how an agent can obtain an extension on your behalf legally. Do I have to spell it out to you???? Link to comment Share on other sites More sharing options...
Popular Post ubonjoe Posted June 20, 2018 Popular Post Share Posted June 20, 2018 3 minutes ago, stephenterry said: Unless the law has changed (or immigration don't know their own rules), a mixture of bank deposit amount and income meeting the B800k for retirement needs no seasoning. Correct But some offices want the money in the bank to be in the bank for 60 days or 3 months on the date of application. Apparently to many people were abusing the rule by showing a small amount income to get around the seasoning requirement. The intent of the rule is meant for people use a small amount of money in the bank to meet the requirements. The no seasoning side was for cases where a person did not meet the income requirement due to exchange rate changes. 3 minutes ago, stephenterry said: The same scenario could also apply to the marriage extension totalling B400k, but that needs checking. That is not allowed for extensions based upon marriage. 4 1 Link to comment Share on other sites More sharing options...
Popular Post Pilotman Posted June 20, 2018 Popular Post Share Posted June 20, 2018 Reading through this post and the replies, many of which are ill informed, delusional and /or totally misleading, Iv'e just realised that I don't give a monkey's toss what other people think or do, I will continue to just follow the rules and not try to circumvent them. Not difficult really. Now I don't know about you folks, but I for one am done with this subject. 2 1 Link to comment Share on other sites More sharing options...
anchadian Posted June 20, 2018 Share Posted June 20, 2018 (edited) 10 minutes ago, Pilotman said: Reading through this post and the replies, many of which are ill informed, delusional and /or totally misleading, Iv'e just realised that I don't give a monkey's toss what other people think or do, I will continue to just follow the rules and not try to circumvent them. Not difficult really. Now I don't know about you folks, but I for one am done with this subject. Totally correct, follow the rules, otherwise all other methods to secure a retirement extension is illegal. Edited June 20, 2018 by anchadian 1 1 Link to comment Share on other sites More sharing options...
Tacuisse Posted June 20, 2018 Share Posted June 20, 2018 2 hours ago, Tanoshi said: It is for an Income Letter from the British Embassy. We don't swear an affidavit, or have to commit perjury in the process of proof. There are other nationalities that don't have to provide proof. E.g. USA, Australia. Link to comment Share on other sites More sharing options...
dallen52 Posted June 20, 2018 Share Posted June 20, 2018 6 hours ago, Phuket Man said: The money has to be in the bank for a period of 2 or 3 months before application. The money is for expenses for a year. Neither of these requirements will be met if some dodgy agent deposits the money in your bank for a few days. But who is the more dodgy? The person who uses a agent? The agent who charges 25k plus for providing the 800k for around one hour in your bank account? Or the immigration officers who take a slice and make it all happening. With official stamps and signatures.? 1 1 Link to comment Share on other sites More sharing options...
transam Posted June 20, 2018 Share Posted June 20, 2018 6 minutes ago, dallen52 said: But who is the more dodgy? The person who uses a agent? The agent who charges 25k plus for providing the 800k for around one hour in your bank account? Or the immigration officers who take a slice and make it all happening. With official stamps and signatures.? No.3.... 1 Link to comment Share on other sites More sharing options...
Phuket Man Posted June 20, 2018 Share Posted June 20, 2018 (edited) 46 minutes ago, transam said: No.3.... Yes , but the one who cops it when the brown stuff hits the fan is the applicant. Edited June 20, 2018 by Phuket Man 1 1 Link to comment Share on other sites More sharing options...
transam Posted June 20, 2018 Share Posted June 20, 2018 8 minutes ago, Phuket Man said: Yes , but the one who cops it when the brown stuff hits the fan is the applicant. Probably... 1 1 Link to comment Share on other sites More sharing options...
Tanoshi Posted June 20, 2018 Share Posted June 20, 2018 2 hours ago, Phuket Man said: Yes , but the one who cops it when the brown stuff hits the fan is the applicant. Wear brown trousers, nobody will notice. Link to comment Share on other sites More sharing options...
Suradit69 Posted June 20, 2018 Share Posted June 20, 2018 9 hours ago, notamember said: an agent loans you the money, no law against that The reason there is a two or three month seasoning rule is because people were "loaning " each other the money for few days when the extension application was made. I doubt an agent is going to put baht 400,000 in your account for two months or baht 800,000 in your account for three months, especially if you hire the agent a couple of weeks before your current extension expires. Clearly it's not legal what they are actually doing. 1 1 Link to comment Share on other sites More sharing options...
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