It appears that my logic breaks down when the O-X visa (details available at consular.gov.th) is considered. In spite of requiring 300000THB on deposit, insurance of piddling amounts compared with the sum held in fixed accounts is still required.  

Let me start a new rumour. This may be replacing the O visa for retirement, if so then I hope that it is grandfathered because there is no way that I could get insurance at my age and if I could I do not see why I should be forced to pay for something which I don’t need? 

I have long held the view that you can see what is coming for an extension of stay on Non O based on retirement just by looking what the same Government came up with for OX - Bt3m deposit in Thai bank, Health Insurance, and home country criminal record clearance. The real dealbreaker is whether the 3m will be in an account in your name or an escrow account that requires their co-operation to access/retrieve the funds. That is my feeling based on 25 years exposure to Thai Governments/Thai way.

. 

I am not going to read it again but I thought that ‘to be spent in Thailand’ was stipulated somewhere. 

...and don't forget the 3M baht has to be seeded for 1 year before you can submit your application

12 hours ago, mokwit said:

I have long held the view that you can see what is coming for an extension of stay on Non O based on retirement just by looking what the same Government came up with for OX - Bt3m deposit in Thai bank, Health Insurance, and home country criminal record clearance. The real dealbreaker is whether the 3m will be in an account in your name or an escrow account that requires their co-operation to access/retrieve the funds. That is my feeling based on 25 years exposure to Thai Governments/Thai way.

i totally agree, they showed their hand (desires) with this one. a chance to think up a brand new much sought after visa and then they threw all sorts of crazy barriers into it to qualify

 

but i'm not surprised, they did the same with the METV and again with the smart visa (nomad lol visa)

 

on a brighter note i just put an offer in on another 3 bed semi in Staffordshire, that'll be another 10M baht i won't be investing in Thailand (suckers) ????

 

time to turn the tables and milk them for all i can get before departing!

 

 

55 minutes ago, MRToMRT said:

...and don't forget the 3M baht has to be seeded for 1 year before you can submit your application

When applying it only has to be in the bank on the date you apply.

"4. Financial evidence

                        4.1 Certificate of bank deposit stating bank contact information, copy of bank book and bank statement which shows fixed deposit with the amount of not less than 3 million Baht deposited in Thai bank located in Thailand;"

 

This is after the application is accepted and the visa issued. It is needed to keep the visa or current entry valid.

"The money in (a) and (b) must be kept in bank account at least 1 year before withdrawing and, within another next year, the money must be left in the account with the amount of not less than 1.5 million Baht and can only be spent in Thailand."

Soruce: http://www.consular.go.th/main/th/other/7394/80938-Non-–-Immigrant-Visa--“O---X”-(Long-Stay-10-years).html

21 hours ago, tgeezer said:

Let me start a new rumour. This may be replacing the O visa for retirement,

That is nonsense.

The non-ox visa has been available for over 2 years and is a complete flop. It was pipe dream by a former tourism minister.

Very few have been issued as far as I know. I think have seen perhaps two posts by people had that one.

4 hours ago, ubonjoe said:

When applying it only has to be in the bank on the date you apply.

I was refused the visa on the grounds of 1 year seasoning in London 2 years ago.

23 minutes ago, MRToMRT said:

I was refused the visa on the grounds of 1 year seasoning in London 2 years ago.

Interesting. Did you have the money in a fixed deposit account in a Thai bank in Thailand?

I am one who was actually all gung ho about the OX.. A decade of trouble free visa access for the simple 'cost' of verifying my income somehow or shuffling some funds about, funds I intended to bring here anyway. 

 

So I was dead keen until I hear 

 

1) its not a 10 year visa, its 2 five year visas

2) it requires annual immgration visits ?!?! This is the whole thing I am trying to not do. 

3) I need to maintain insurance, not only the year I get it (tolerable) but constantly over the period.. I may be out of thailand for 8 months of each year, yet I have to remain insured even when not here !?!?! 

 

I still dont know what 'entry' you get on the 5 year visa ?? 

I still dont know the frequency of the immigration visits ?? 

 

If its that they give a 5 year visa (renewed at 5 years again) and you get 1 year permissions of stay each time, without any more forced interaction with immigration until the end of the 5 years, I am back to being fairly interested, but if airport IOs are going to only stamp up my entry for the period of insurance I carry with me, I need an insurance policy I can turn on and off or a solution to that aspect. 

Edited October 30, 20196 yr by LivinLOS

1 hour ago, thinktoomuch said:

Interesting. Did you have the money in a fixed deposit account in a Thai bank in Thailand?

Yes

1 hour ago, LivinLOS said:

 

 

 

I still dont know what 'entry' you get on the 5 year visa ?? 

 

 

You get stamped a 1 year entry each time you come into the country. 

4 minutes ago, MRToMRT said:

You get stamped a 1 year entry each time you come into the country. 

So you get 5 year visa (another 5 year to be reviewed) and you get 1 year entry, and no interaction with immigration for checks etc in that entire 5 years (90 day reporting etc) thats actually back to being interesting. 

 

Now its just the annoyance of insuring myself, for a year when I am not incountry all year. But thats just a cost, and one I could probably bear TBH. Before I would have assumed you could buy it once, and then be in and out for 5 years, now with the new 'up to the end date' possible issues it is maybe a different outcome. 

Edited October 30, 20196 yr by LivinLOS

2 hours ago, LivinLOS said:

............ and no interaction with immigration for checks etc in that entire 5 years (90 day reporting etc) thats actually back to being interesting. .......

My recollection is that you still do 90 day reporting, still do TM30 and you have to report to imm' annually (whether you have to do this if you left the country in that year I don't know). 

8 hours ago, MRToMRT said:

My recollection is that you still do 90 day reporting, still do TM30 and you have to report to imm' annually (whether you have to do this if you left the country in that year I don't know). 

Yeah I leave the country a lot, so having a long term Visa, with annual entries would be ideal.  One of my issues is that when I leave I often don't go to my country of passport,  so as well as workload,  I need to consider what Visa I need just to go home. 

 

Combine that with avoiding immigration for 5 years at a stretch and it's very interesting.