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Tourism Phuket Sees Surge in European Off-Peak Travel, Revenue Set to Soar
My friends that have taxis say it is very slow. One of the big reasons that the traffic is so bad in Phuket now is not because there are a lot of tourists here, it is because a lot of Thai people have traded in their motor bikes for cars, cheap Chinese EV cars. Lots of red plates. More cars and no public transportation, widening roads, easy access, etc. BTW, why do they always put the same photo of Phuket for these articles. Crowded Old Phuket Town with lots of Chinese tourists. That photo is from 2018 or 2019. Give me a break. -
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LTR Visa is Now available for Long Term Residency
Can money in cash, spread across multiple accounts meet the requirement? I don't know. That is a good question to ask BoI. Is there are particular reason why in that case you could not restructure and move all the necessary funds to one account? Perhaps worried re: bank insuring the money? I do believe thou, that $100K US$ equivalent, needs to be maintained the entire 5 years and needs to be immediately topped up if it falls below the $100k US$ equivalent - but that is my speculation. It is worth contacting BoI. Speaking of which, I have the $100K US$ equivalent (in Euros) in a Thai bank foreign currency account that I use for the BoI self health insurance requirement. My wife discovered SCB bank, for foreign currency account in Euros, gives 3.25% interest, which is not much, but its better than next to 0% that I get with the Thai bank where my money is located. So my wife wants me to contact BoI sometime this week, and ask if i can move this $100k US$ equivalent from one Thai bank to another, without causing any issues if (?) and when (?) it comes time to renew my LTR (in just under 3 years time) - showing a maintained the $100K US$ equivalent the entire previous 5 years. Is that even a requirement? I don't know. Keeping $100k US$ equivalent in a bank is no hardship for me - but I am 100% positive some would bristle and go ballistic at that suggestion. Using $100k equivalent money in cash in a Thai bank for the self-health insurance had NOT been my plan. Back in early 2023 when I obtained my LTR I had planned to spend that money (in Thailand) after changing it to Thai baht. But BoI would not accept different cash amounts that I had in some offshore trading accounts, and that $100k US$ equivalent in the Thai bank, met the BoI health insurance requirements - so I offered that up when other examples I tried failed. I confess I have been deliberately trying to avoid making money off of ANY Thai banks from bank interest on savings, as I wanted to keep my Thai sourced income below the threshold requiring me to file a Thai tax return. However I recently confirmed in my mind (via specific references/proof from my own research into Thai tax law) what others have stated on this forum, that if one has 15% withholding tax applied to interest in a Thai bank, then that interest is deemed already taxed and need not be included in the Thai tax calculation. This is off topic, but I may if this becomes a point of curiousity for some, some time in the future, where I can now point to the specific clauses in the Thai tax law that I believes show such interest from Thai banks (IF a 15% Thai withholding tax was applied) is no longer taxable by Thailand, if one so chooses. Reference passive income requirement, at that time, I obtained my income from : - Canadian Old Age Security + European Government organisation (civil service type) pension I also obtain a small German pension, but records for that is in German language, so when BoI asked for detail on that, I replied that German pension amount was not needed for me to achieve the $40K US$ /year passive annual income and BOI accepted that response. I noted this as I did not want to pay an official translator to translate my German pension records from German language to English or Thai language. Why translate such documents if it is not needed? Having stated the above, BoI still insisted I provide Canadian Tax records for tax years 2021 and 2022. I initially gave them year 2020 and 2021, but that was too old from them, they wanted to see my year 2022 tax records. This was in January year 2023, and it took me a few months to obtain that, as I had to submit my year-2022 tax return to Canada, get Canada to accept such, get Canada to report on the Canadian government year-2022 tax assessment paperwork of my global income, which also proved income > $40k US$ equivalent. BoI did throw in another curve, and asked for my specific Canadian government Pension financial record (as my being age-69, they assumed I was in receipt of such a pension). I had to reply to them, that I did not yet get such a pension as I deferred receipt of that pension to age-70 and that i did not need that proof since I already exceeded the $40k US$ income threshold with my German pension + my European gov't pension. For the $250K US investment in Thailand, I used the 50% of my share in a Thai condo + 2-million THB in Thai government bonds. Getting the Thai government bonds was another educational adventure - but I won't repeat that story here. For my financial proof renewal in 2028, I plan to simplify things. Starting in 2026 my annual income will exceed $80k US$ equivalent, so I will then have year 2026 and year 2027 Canadian tax records in year 2028 to show BoI (and hence I will no longer need to keep $2-million THB in Thai government bonds - which only give me ~3% interest). And I also have learned (from another Asean Now member) the exact letter wording I should get from European Cigna (from where my health insurance comes from) so that in 2028 I no longer need to keep $100K US$ equivalent in a Thai bank as self health insurance, to satisfy BoI. This may sound like a lot, but trust me, from my perspective, since most of the paper work was submitted over the internet, with me on my condo balcony with a fabulous sea view, sipping a glass of wine, and typing on my laptop computer, was GREATLY preferable to the previous yearly sitting for hours at a crowded immigration office to renew the permission to stay in a Type-OA (and later Type-O) non-immigrant visa. Best wishes in your efforts. -
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Bombshell: Obama & Crew knew all along, Russia Russia was a hoax.
Poor Bondi.......Epstein files on my desk.....oh no they're not........Obama.....Got to be persecuted for treason....oh dear, no evidence She is shafted. -
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Question regarding 90 days report
A couple questions. What's the hangup about doing it? Have you been in-country on a long-stay extension prior to your most recent arrival? And if so, have you had occasion(s) to do the 90-day reporting? You can do them online, it's not any hassle whatsoever, unless you were/have been rejected and had to do it/them in-person. Whether you do it or not won't have any effect on a subsequent 'due date', because the '90-day clock' is recent when one returns from a trip abroad. OK, the fine for not doing it is 2000 baht, maybe you might slip by and not get caught out. (And if you don't have further business to attend to at immigration, your home scot-free.) But if doing some biz at immigration, there will be that one time an IO will be looking at the computer screen, look at the passport, check the screen and passport again, hmm...and inform the person before them, 'hey, looks like you didn't do the 90-day report for such-and-such period'. You could do yours anytime from Oct. 1 to Oct. 17, why not just do it? -
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Mexico protesters demand American tourists leave, attack cafes
Yes of course it does.
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