I heard this on the radio today, could be a bit of a bugger for some if implemented. Report starts a -3.44

Edited January 31, 20197 yr by Golden Triangle

Not before time.

"... should show a minimum 800'000B balance every 3 months,

when they report to Immigration Centre"

 

Many don't report to an Immigration Centre every 3 months, only every year.

How will we show money online ? 

 

BTW that just mean activity/profit for Agents could increase +300% 

10 minutes ago, Pattaya46 said:

Many don't report to an Immigration Centre every 3 months, only every year.

How will we show money online ? 

Not yet

But if you do the 90 day report in person this could be an extra task and not covered by the existing law.

It would mean that you can not spend/refill the money between extensions.

That would indeed be an extra hardship.

BUT: to me this news source alone is too thin to cause headache.

Let's wait whether super cop can really rush his ideas through the bureaucrazy (changing immigration act).

(abolishing 90 day report was much applauded, but this new idea, NO).

 

 

Edited January 31, 20197 yr by KhunBENQ

7 minutes ago, Pattaya46 said:

"... should show a minimum 800'000B balance every 3 months,

when they report to Immigration Centre"

 

Many don't report to an Immigration Centre every 3 months, only every year.

How will we show money online ? 

Plus, effectively, the financial requirement for a visa extension would increase, cause either one would have to keep the entire 800,000 baht in the bank for 'inspection' every 3 months, while living off other funds, or one would, after using part of the balance for running expenses, have the need to transfer more into the account within 3 months (or less) in order to comply with the new requirement.

5 minutes ago, KhunBENQ said:

Not yet

But if you do the 90 day report in person this could be an extra task and not covered by the existing law.

It would mean that you can not spend/refill the money between extensions.

Please ignore my ignorance, but isn't the money in the bank meant to be used for living expenses in Thailand? So what would be the point of 'not touching it'?

Edited January 31, 20197 yr by StayinThailand2much

Just now, StayinThailand2much said:

Please ignore my ignorance, but isn't the money in the bank meant to be used for living expenses in Thailand? So what would be the point of 'not touching it'?

No ignorance but exactly what many understand and will do.

After the extension "eating up" all or part of the money and refill (transfer) in time.

1 minute ago, KhunBENQ said:

No ignorance but exactly what many understand and will do.

After the extension "eating up" all or part of the money and refill (transfer) in time.

Sounds like fun doing it every 3 months! I know foreigners here who cannot even accumulate 400,000 baht in the bank in time for a visa extension based on marriage.

I don't think the people who come up with these ludicrous ideas think too much about the details.

 

Regarding their suggestion that they will stamp out visa agents "fudging" the books is just more hot air. The TI upper echelon are the ones condoning and profiting from these "services". They probably set it all up in the first place. 

 

More "let's stamp out corruption" nonsense that we hear nearly every day of the year. They blame the lowly visa applicants to take the attention away from themselves. I highly doubt anyone is going to kill the golden goose here. I think it's more likely the top dog coming up these ideas will be demoted.

Edited January 31, 20197 yr by tropo

Instead of all this nonsense due to the scammers, just get rid of the agents! Yesterday it was posted one office is requiring all extensions to be applied for in person, to me this solves problems concerning misrepresentation of funds.

11 minutes ago, from the home of CC said:

Instead of all this nonsense due to the scammers, just get rid of the agents! Yesterday it was posted one office is requiring all extensions to be applied for in person, to me this solves problems concerning misrepresentation of funds.

You misunderstand the process. The agents work for the TI, who profit from it (and promote and encourage it too). You need to get rid of the corrupt TI officials. Good luck with that.

The report did not say the over 800k needs to be seasoned for the 90 day report show money thing. That would be a much worse. If no seasoning you could top up shortly before the reports and seasoning would only apply for the annual extensions.

 

In any case if they implement this seasoning or not I will be leaving Thailand.

 

Also this is another strong clue that the combo method without embassy letter is probably not going to really be accepted.

 

Such an onerous rule as in the announcement would probably mean the combo method would be finished even for people with embassy letters.

 

It sounds like the target here is everyone retired with an income under 65k monthly. That would mean the vast majority of Americans on social security.

 

Sent from my Lenovo A7020a48 using Thailand Forum - Thaivisa mobile app

 

 

 

 

 

 

 

 

14 minutes ago, from the home of CC said:

Instead of all this nonsense due to the scammers, just get rid of the agents!

Yesterday it was posted one office is requiring all extensions to be applied for in person, to me this solves problems concerning misrepresentation of funds.

This has always been the rule, but often not respected...

See at bottom of TM.7 :

"APPLICANT MUST SUBMIT THE APPLICATION IN PERSON"

Not before time.

Translation?

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11 minutes ago, tropo said:

You misunderstand the process. The agents work for the TI, who profit from it (and promote and encourage it too). You need to get rid of the corrupt TI officials. Good luck with that.

Yes, I realize there is a parasitic relationship, but imho I do believe agents will become a thing of the past (at least for retirement/family extensions) for it's the agents' companies that are putting up the funds for misrepresentation and they are middle manning the fees to TI officer pockets. Getting rid of them puts the officers on shaky ground when they directly solicit for bribes from the applicant, the risks of being exposed greatly increases. Especially in this book of face society we presently reside in.

Edited January 31, 20197 yr by from the home of CC

38 minutes ago, from the home of CC said:

Instead of all this nonsense due to the scammers, just get rid of the agents! Yesterday it was posted one office is requiring all extensions to be applied for in person, to me this solves problems concerning misrepresentation of funds.

In CM I can get a retirement VISA for 25k, no savings, income, bank books, or TM30 required, just the 25kbht.

Nobody is pretending that I have any funds, or even a bank account, they even fill in the forms for me.

It's just the way it is, and the way it was designed to be.

Edited January 31, 20197 yr by BritManToo

"... should show a minimum 800'000B balance every 3 months,
when they report to Immigration Centre"
 
Many don't report to an Immigration Centre every 3 months, only every year.
How will we show money online ? 
 
BTW that just mean activity/profit for Agents could increase +300% 

Unless they're really serious about cracking down on the agents.
Buy you might be right.
It would be simple to identify the agents if they wanted to without this horribly onerous new proposal.

Sent from my Lenovo A7020a48 using Thailand Forum - Thaivisa mobile app

Instead of all this nonsense due to the scammers, just get rid of the agents! Yesterday it was posted one office is requiring all extensions to be applied for in person, to me this solves problems concerning misrepresentation of funds.

Very good point.

But think about it.

The real goal here sounds like it's not really about agents but about chasing away a large portion of even legitimate retirees making under 65k monthly.

It will work.

 

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5 minutes ago, Pattaya46 said:

This has always been the rule, but often not respected...

See at bottom of TM.7 :

"APPLICANT MUST SUBMIT THE APPLICATION IN PERSON"

sounds like in some areas at least it's starting to be enforced, time will tell...

The OP said slightly worrying. Only slightly worrying if it turns out to be fake news. If they really do this go long on businesses that profit from established expats fleeing on short notice.

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2 minutes ago, Jingthing said:

Very good point.

But think about it.

The real goal here sounds like it's not really about agents but about chasing away a large portion of even legitimate retirees making under 65k monthly.

It will work.

 

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I hope not. It would be just another example of how the few screwed it up for the many.

56 minutes ago, KhunBENQ said:

(abolishing 90 day report was much applauded, but this new idea, NO).

The two hardly seem to go hand in hand!

For those that don't use Facebook can we have a short summary

This is asinine, the 800k is meant to be 'seasoned' for 3 months and this requirement is the catch to prevent the money-in then out agent initiated bypass. If someone in immigration is approving unseasoned fund deposit extensions therein lies the problem They need to do the job properly not place yet more onerous requirements on the applicants because of their failings. Hell, just say go home!

This is asinine, the 800k is meant to be 'seasoned' for 3 months and this requirement is the catch to prevent the money-in then out agent initiated bypass. If someone in immigration is approving unseasoned fund deposit extensions therein lies the problem They need to do the job properly not place yet more onerous requirements on the applicants because of their failings. Hell, just say go home!

If they do this it's as good as saying go home to me and I assume countless others.
Not being invited here or really being especially welcomed is one thing.
Being effectively jerked around with ever increasingly onerous rules is another.

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42 minutes ago, from the home of CC said:

Instead of all this nonsense due to the scammers, just get rid of the agents! Yesterday it was posted one office is requiring all extensions to be applied for in person, to me this solves problems concerning misrepresentation of funds.

that has always been the rule and just who do you think agents work for?

 

24 minutes ago, from the home of CC said:

Yes, I realize there is a parasitic relationship

symbiotic relationship, surely.

10 minutes ago, BritManToo said:

In CM I can get a retirement VISA for 25k, no savings, income, bank books, or TM30 required, just the 25kbht.

Nobody is pretending that I have any funds, they even fill in the forms for me.

It's just the way it is, and the way it was designed to be.

Excuse me for being ignorant here, I've always done it all by the book and had no exposure to any of this (never used an agent). I am married to a Thai and never wanted to jeopardize my ability to reside here with her so I never even entertained trying to short cut the system. To me, I would be stressed that one day something is going to go sideways with these arrangements and I didn't move all this way to be looking over my shoulder. At the same time I can certainly sympathize with folks trying to stay together with families, live in the homes they made and raise the children they created. I guess if my back was against the wall and I had to choose to remain with my family and home or not scamming TI, TI would lose. I hope I never have to make that choice.

10 minutes ago, Briggsy said:

symbiotic relationship, surely.

yea, I guess they're both sucking each others blood..

7 minutes ago, from the home of CC said:

I am married to a Thai and never wanted to jeopardize my ability to reside here with her so I never even entertained trying to short cut the system. 

Your fear of wrongdoing didn't stop you buying a home in her name using your money (illegal).

What's the difference?

I can never understand foreigners who obsess about one law, but disregard others.

The whole point of a corrupt society is that anyone with money can overcome any law.

Edited January 31, 20197 yr by BritManToo