gk10002000 Posted January 12, 2020 Share Posted January 12, 2020 The original post is an ill posed question. The answer is not necessarily true or false as others have posted. There are many possibilities and instances and situations. Link to comment Share on other sites More sharing options...
4MyEgo Posted January 12, 2020 Share Posted January 12, 2020 13 hours ago, smedly said: correct and great post problem is that Immigration will take bribes to overlook those that don't have the required financials - processed through an agent Thx, and yes, well aware of that one. Who knows maybe all the hype with the clamping down on the current requirements is having a detrimental impact on future retirees who were thinking of coming, now hearing of all of the changes, TM30, O/A mandatory insurance and 800,000 baht in a Thai account 2 months before and 3 months after with 400,000 required to remain in the account for the remainder of the year, if not using the 65,000 baht per month, which might be out the window in due course, unless there is that 400,000 baht in the bank amount as well ? Now if it does have an impact, the corrupt Thai will only have themselves to blame, because the less farangs that come, the less corruption payments there will be, but then again, those that currently pay the corruption money for the retirement extension deserve what they get when and if it all blows up in their faces, why, because they have been fuelling it but not having the relevant funds in their accounts. I am waiting for a farang to end up in hospital who requires emergency treatment, Dr asks, what visa he is on, retirement extension he adds, but has no funds in the account, as he paid an agent to get it for him, 15,000-25,000 baht, but the Dr doesn't know it, and thinks he has enough funds to cover the surgery of say 380,000, thinking he has 400,000 in his account, carks it during the procedure and then when they make a claim on his account for the funds, the $<deleted> will hit the fan, and when escalated because the hospital is wanting payment, someone is going to have answer for it, and who knows, someone up top, if high enough and not on the take, might make an example of those responsible, and not by transferring them to another desk. Just my thoughts, no doubt will put a few noses out of joint for those reading this who will differ and obviously will say it's more convenient for them not to have the money (that they don't have) back home ???? 1 Link to comment Share on other sites More sharing options...
superal Posted January 12, 2020 Share Posted January 12, 2020 2 hours ago, 4MyEgo said: Thx, and yes, well aware of that one. Who knows maybe all the hype with the clamping down on the current requirements is having a detrimental impact on future retirees who were thinking of coming, now hearing of all of the changes, TM30, O/A mandatory insurance and 800,000 baht in a Thai account 2 months before and 3 months after with 400,000 required to remain in the account for the remainder of the year, if not using the 65,000 baht per month, which might be out the window in due course, unless there is that 400,000 baht in the bank amount as well ? Now if it does have an impact, the corrupt Thai will only have themselves to blame, because the less farangs that come, the less corruption payments there will be, but then again, those that currently pay the corruption money for the retirement extension deserve what they get when and if it all blows up in their faces, why, because they have been fuelling it but not having the relevant funds in their accounts. I am waiting for a farang to end up in hospital who requires emergency treatment, Dr asks, what visa he is on, retirement extension he adds, but has no funds in the account, as he paid an agent to get it for him, 15,000-25,000 baht, but the Dr doesn't know it, and thinks he has enough funds to cover the surgery of say 380,000, thinking he has 400,000 in his account, carks it during the procedure and then when they make a claim on his account for the funds, the $<deleted> will hit the fan, and when escalated because the hospital is wanting payment, someone is going to have answer for it, and who knows, someone up top, if high enough and not on the take, might make an example of those responsible, and not by transferring them to another desk. Just my thoughts, no doubt will put a few noses out of joint for those reading this who will differ and obviously will say it's more convenient for them not to have the money (that they don't have) back home ???? Interesting post , I have thought it through and have come to the same conclusions as you . However I suppose that scenario has occurred in the past . Does the hospital withhold life saving treatment until proof of funds are shown ? Could the patient be held until payment is made ? Maybe a credit card is the only hope for someone without funds but in the case of a massive bill ? the mind boggles . 1 Link to comment Share on other sites More sharing options...
smedly Posted January 12, 2020 Share Posted January 12, 2020 3 hours ago, 4MyEgo said: Thx, and yes, well aware of that one. Who knows maybe all the hype with the clamping down on the current requirements is having a detrimental impact on future retirees who were thinking of coming, now hearing of all of the changes, TM30, O/A mandatory insurance and 800,000 baht in a Thai account 2 months before and 3 months after with 400,000 required to remain in the account for the remainder of the year, if not using the 65,000 baht per month, which might be out the window in due course, unless there is that 400,000 baht in the bank amount as well ? Now if it does have an impact, the corrupt Thai will only have themselves to blame, because the less farangs that come, the less corruption payments there will be, but then again, those that currently pay the corruption money for the retirement extension deserve what they get when and if it all blows up in their faces, why, because they have been fuelling it but not having the relevant funds in their accounts. I am waiting for a farang to end up in hospital who requires emergency treatment, Dr asks, what visa he is on, retirement extension he adds, but has no funds in the account, as he paid an agent to get it for him, 15,000-25,000 baht, but the Dr doesn't know it, and thinks he has enough funds to cover the surgery of say 380,000, thinking he has 400,000 in his account, carks it during the procedure and then when they make a claim on his account for the funds, the $<deleted> will hit the fan, and when escalated because the hospital is wanting payment, someone is going to have answer for it, and who knows, someone up top, if high enough and not on the take, might make an example of those responsible, and not by transferring them to another desk. Just my thoughts, no doubt will put a few noses out of joint for those reading this who will differ and obviously will say it's more convenient for them not to have the money (that they don't have) back home ???? LOL ???? It won't stop because money No1 - corruption is imbedded into Thais its like a religion a culture a way of life - no guilt when they extract it from foreigners - job well done, not so sure when they are thieving from the Thai people though - that's a whole different level 1 Link to comment Share on other sites More sharing options...
4MyEgo Posted January 12, 2020 Share Posted January 12, 2020 14 minutes ago, smedly said: no guilt when they extract it from foreigners - job well done, not so sure when they are thieving from the Thai people though - that's a whole different level No one is immune from being fleeced, Thai's do it to their own as well, even to the ones on the lowest end of the scale, no guilt, no shame, that said, to be fair, it's a worldly thing, less in more civilized cultures that are richer. Link to comment Share on other sites More sharing options...
William Osborne Posted January 12, 2020 Share Posted January 12, 2020 So... can someone please confirm options for future over 50s with 800k in bank who does not want to waste money on useless insurance. A. Elite B. Arrive on visa except or non o based on marriage and covert to non o based on retirement showing 800k in bank.....but you have to leave country every 90 days.? Is this correct.?......does not apply to existing retirees as i believe there is some form of grandfather clause excluding them from new regs.? Thanks Link to comment Share on other sites More sharing options...
ubonjoe Posted January 12, 2020 Share Posted January 12, 2020 23 minutes ago, William Osborne said: B. Arrive on visa except or non o based on marriage and covert to non o based on retirement showing 800k in bank.....but you have to leave country every 90 days.? Not correct. You would still apply for a one year extension of stay during the last 30 day of the 90 day entry from the visa. Link to comment Share on other sites More sharing options...
William Osborne Posted January 12, 2020 Share Posted January 12, 2020 57 minutes ago, William Osborne said: So... can someone please confirm options for future over 50s with 800k in bank who does not want to waste money on useless insurance. A. Elite B. Arrive on visa except or non o based on marriage and covert to non o based on retirement showing 800k in bank.....but you have to leave country every 90 days.? Is this correct.?......does not apply to existing retirees as i believe there is some form of grandfather clause excluding them from new regs.? Thanks 31 minutes ago, ubonjoe said: Not correct. You would still apply for a one year extension of stay during the last 30 day of the 90 day entry from the visa. Ok ..thanks for clearing that Joe ???? Anyone got a ballpark figure on visa agent cost for this and yearly renewals.....trying to work out yearly cost comparison to 20 y elite ???? Link to comment Share on other sites More sharing options...
ChouDoufu Posted January 12, 2020 Share Posted January 12, 2020 3 hours ago, William Osborne said: So... can someone please confirm options for future over 50s with 800k in bank who does not want to waste money on useless insurance. A. Elite B. Arrive on visa except or non o based on marriage and covert to non o based on retirement showing 800k in bank.....but you have to leave country every 90 days.? Is this correct.?......does not apply to existing retirees as i believe there is some form of grandfather clause excluding them from new regs.? Thanks arrive on visa exempt, convert to non-o based on retirement with 800k in the bank, followed by annual extensions. you report (online) every 90 days, no need to leave the country. the hard part is getting the bank account. if you have an account and the cash, no point in wasting money on an agent. annual cost about 1900 baht for the extension, 1000 baht for single re-entry permit. (plus 100 baht for bank statement, 100 baht for bus fare and copies) 1 Link to comment Share on other sites More sharing options...
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