jwbrit Posted September 25, 2020 Share Posted September 25, 2020 Hell of a condo for $1 mill. Link to comment Share on other sites More sharing options...
Boomer6969 Posted September 25, 2020 Share Posted September 25, 2020 6 minutes ago, jwbrit said: Hell of a condo for $1 mill. Yep, obviously they target digital nomads.. Hence the BG stunt. Link to comment Share on other sites More sharing options...
ronaldo0 Posted September 25, 2020 Share Posted September 25, 2020 So buy a elite visa for 1 million bht or get a similar visa and a work permit for 31 million bht ! ???????????? Oh I dunno which one to get ???? 1 1 Link to comment Share on other sites More sharing options...
madmen Posted September 25, 2020 Share Posted September 25, 2020 (edited) 7 hours ago, BritManToo said: Doubt anyone with $1M to play with would want to live in Thailand, or even holiday here more than once. I certainly wouldn't. I'd like to ask TAT ...... why do you think rich foreigners would want to live in Thailand? (or even holiday here?) That's because you live in a rice paddy surrounded by mountains on all side. Which you freely admit so Not being silly but your chances of associating with wealth are zero. That goes for most expats who are stretching a pension. Plenty of Million dollar plus condos in Bangkok. Don't get much for that in Monaco, Hong Kong or Singapore etc so it's totally pheasable that Bangkok, Phuket would be an alternative. Edited September 25, 2020 by madmen 1 Link to comment Share on other sites More sharing options...
Popular Post Cattleman Posted September 25, 2020 Popular Post Share Posted September 25, 2020 With condo values expected to decline 20-30% in the near future ,what a fantastic investment lol 1 4 Link to comment Share on other sites More sharing options...
smew Posted September 25, 2020 Share Posted September 25, 2020 more wishful thinking... nothing will come out of it ...like plans to: control children killing soi dogs, clean up beaches and road.. improve driving and stricter driver license regulation ...etc..etc..etc.. Link to comment Share on other sites More sharing options...
Owiee Posted September 25, 2020 Share Posted September 25, 2020 How can more public holidays assist the economy when surely there must be a flow on impact to small and medium business? Who l assume are also suffering at the moment. Link to comment Share on other sites More sharing options...
Popular Post Bangkok Barry Posted September 25, 2020 Popular Post Share Posted September 25, 2020 Rich people would have no interest in Thailand as they want first class facilities, first class infrastructure, a safe and secure environment, a stable political and business situation (ie their business won't be commandeered by the locals if it becomes too successful), impeccable service, a safe and secure legal system. All too often Thailand provides none of these things. Rich people who want sunshine and clean beaches already have their havens around the world, and Thailand has missed that boat by at least 50 years. 3 Link to comment Share on other sites More sharing options...
tomauasia Posted September 25, 2020 Share Posted September 25, 2020 Another wet dream. He must think we are all stupid 1 Link to comment Share on other sites More sharing options...
NoComment Posted September 25, 2020 Share Posted September 25, 2020 The rich Chinese will buy all of the bars and restaurants. Goodbye to Western backpackers and tourists. The Kingdom has relied on Western tourists, Aussies and the USA for a long time but they will all begin to seek other Asian countries. It is beyond my comprehension why those in power are allowing the Chinese to eventually run China. The Germans will cease to come which should be the biggest wake up for those at the top of the tree........?? Or is it just me that understands this?? Link to comment Share on other sites More sharing options...
Dialemco Posted September 25, 2020 Share Posted September 25, 2020 Many contries grant Nationality for less. Link to comment Share on other sites More sharing options...
bipper Posted September 25, 2020 Share Posted September 25, 2020 One way is to invest $1M in the condo market??? ???????? No thanks. 2 Link to comment Share on other sites More sharing options...
Eibot Posted September 25, 2020 Share Posted September 25, 2020 4 hours ago, donnacha said: If you are a remote worker, or run an online business, you can get paid into a non-resident bank account in any country. You then, quite legally, transfer the money to your Thai account. If you home domicile is Thailand, than you are taxable under the Thai law. You can transfer the money legally, but you are obligate to pay tax. You probably could get away with not paying it if it's a small amount but this is not quite legal. That would be tax evasion. It would be nice though if we could just sent all our un-taxed money to our Thai account, and never pay a penny over it. This is especially true if the country where you have your business has a mutual tax agreement (for example the UK). I choose to pay tax in Thailand, because the rates are a lot lower than where I operate my business. Nobody ever asked me for my WP in regards to tax. 1 Link to comment Share on other sites More sharing options...
CrunchWrapSupreme Posted September 25, 2020 Share Posted September 25, 2020 7 hours ago, Henryford said: You can buy a condo but are not allowed into the country to use it. Great idea. Seems that's exactly what they want. Just send them the money. As to where you go... You know the answer. When I took my first stroll down Sukhumvit years ago, I was intrigued by all the ads for multi million baht, luxury condos, all in English. I thought to myself, wow, must be quite a few wealthy foreigners and vacation homes. Then as I talked to more people, I heard about Thai immigration's wonderful reputation. Then I was like, why would you want these condos, and can't even stay here? I guess their plan's been exactly that. Thus, now we have a vast selection of quite luxurious, and quite vacant condos, with the sunshining every morning upon their lonely spaces, through their naked windows. 1 Link to comment Share on other sites More sharing options...
GooEng Posted September 25, 2020 Share Posted September 25, 2020 (edited) this is yet another example of how inept and out of touch with reality the TAT people are ..... you'd think given the importance of tourism to the thai economy, they'd appoint people to positions of importance in organisation based on experience, knowledge and merit, but apparently not. Edited September 25, 2020 by GooEng Link to comment Share on other sites More sharing options...
Grumpy John Posted September 25, 2020 Share Posted September 25, 2020 When I retired I had assets worth a bit over a million....and then I came to Thailand to live. ???? 2 Link to comment Share on other sites More sharing options...
madmen Posted September 25, 2020 Share Posted September 25, 2020 (edited) 38 minutes ago, Bangkok Barry said: Rich people would have no interest in Thailand as they want first class facilities, first class infrastructure, a safe and secure environment, a stable political and business situation (ie their business won't be commandeered by the locals if it becomes too successful), impeccable service, a safe and secure legal system. All too often Thailand provides none of these things. Rich people who want sunshine and clean beaches already have their havens around the world, and Thailand has missed that boat by at least 50 years. You are in lala land if you think your gonna buy a million dollar condo bigger than 50sqm in your 1st class uetopias. You missed that boat by 20 years. Amazing how out of touch with reality some people are. A million is not much these days when it comes to home ownership Edited September 25, 2020 by madmen 2 Link to comment Share on other sites More sharing options...
paulikens Posted September 25, 2020 Share Posted September 25, 2020 if ya got a million dollars you dont need to work unless you're greedy of course 1 Link to comment Share on other sites More sharing options...
0815 Posted September 25, 2020 Share Posted September 25, 2020 If i have 1 Million USD to invest, I have a few better ideas where. ???? Link to comment Share on other sites More sharing options...
Bangkok Barry Posted September 25, 2020 Share Posted September 25, 2020 22 minutes ago, madmen said: You are in lala land if you think your gonna buy a million dollar condo bigger than 50sqm in your 1st class uetopias. You missed that boat by 20 years. Amazing how out of touch with reality some people are. A million is not much these days when it comes to home ownership Rich people have more than a million dollars and know where to spend it. Link to comment Share on other sites More sharing options...
0815 Posted September 25, 2020 Share Posted September 25, 2020 8 hours ago, JonnyF said: A million dollar work permit? Sounds great. There must be loads of multi-millionaires out there who dream of getting a job in Thailand.???? Maybe Donny will apply for Thie-Land's president next year ? ???? Link to comment Share on other sites More sharing options...
bwpage3 Posted September 25, 2020 Share Posted September 25, 2020 7 hours ago, GeorgeCross said: there is no way i would invest $1M in a tin pot dictatorship with a penchant for overthrowing democratically elected governments and changing the rules on a whim to suit themselves nevermind the way they treat those they consider "not on their team" looking at offshore havens the Caribbean is far more stable, has better taxes, lifestyle and connections. plus for that kind of money they'd throw in a passport and one can invest the cash in land and villa not a box in the sky just my 2c Since moving back in 2014, we spend about 4 trips a year in Aruba. Quite a wonderful place and lifestyle. 1 Link to comment Share on other sites More sharing options...
PingRoundTheWorld Posted September 25, 2020 Share Posted September 25, 2020 I don't get it - why would a millionaire care about having a work permit? No one with such net worth is seeking employment in Thailand, lol! If they said "invest X in Thailand and get a complimentary Elite visa" that's understandable and makes a lot of sense - but if you have to pay for the visa AND invest $1mil to get the work permit, why would anyone bother? 1 Link to comment Share on other sites More sharing options...
TERMINATOR3AB Posted September 25, 2020 Share Posted September 25, 2020 For that money there are hundreds of better places to visit long term on this planet As for beaches Mate Australia in the north of Queensland on the Barrier Reef have the most beautiful pristein untouched by over tourism beaches and little islands to visit and stay in the world by far year around beaches here in the north too Visa 3,6 or 12 months only 1 % of what the Thai talk about in this article Never crouded usually only you and friend or family on beaches for miles and I meam miles 100 miles beaches very common So please Mr TAT do not talk giberish cos only an idiot will take up your offer I live central coast Qld I own a nice villa with a great pool close to nice beaches Paid $65,000 So could you mate Not the north 3 months of year water cold but temp days average still 24 deg .... I have an interest in Thailand cos I have a wife there just so you know ..if I didnt have a wife there Mate Thailand would be last place on earth I would visit I hate crouds and traffic AND Thailand is over crowded and has way way too many motor vehicles and pollution....So see yes I an anti Thailand was great once but slowly over the last 20 years has been totally destoyed and will never be able to return how it once was ...PERFECT Good Luck Thailand 1 Link to comment Share on other sites More sharing options...
stigar Posted September 25, 2020 Share Posted September 25, 2020 Everything they suggest is about suck the money from foreigners.., 1 Link to comment Share on other sites More sharing options...
bwpage3 Posted September 25, 2020 Share Posted September 25, 2020 3 hours ago, donnacha said: I would not generally choose to invest in Thailand but it is somewhat unfair to characterize an investment as throwing the money away or, as some here are saying, buying a work permit. My understanding is that, unlike the similar schemes in the past, you are not restricted to, say, buying a brand new condo from specific, overpriced developers. You are free to invest your 31 million baht into any combination of property and/or business. You can start a business, you can buy an existing business. You can spend some of it on a condo and the rest on a restaurant. You can buy a small block of condos to rent out while you keep the top floor for yourself etc. If the economy is as screwed as I suspect it is, and if there are business owners currently hanging on in the belief that they are going to have a high season, it means that there will be a lot of fire-sales next year. It is conceivable that your million could pick up some relative bargains. Certainly, buying at what is likely to be a low-point means that you will probably end up eventually cashing out your investment for more than you paid. Consider that we could see taxes rising to 60 or 70% in some EU countries. That means a massive chunk coming out of the wage packet high-earners who may now be working remotely anyway. That is going to feel deeply unfair. It would mean even more being taken from the owners of online businesses. A million dollars sounds like a lot but it really isn't. I thought I would feel elated when I made my first million but I actually felt broke. Many of my friends felt the same sense of disappointment, because you realize just how far you have to go before you can feel that you have made it. In Europe, a million is just an okay house in a good area. So, yeah, I think a lot of people are going to go for this. It could be a very good deal if you are in that not-quite-rich category. Although I seem to be the only one here to think so, the Thai government are really onto something. It is a lot smarter and more subtle than I would ever have expected from them. Business is certainly no guarantee in Thailand. Buy a small block of condo's and rent out? Do you ever read about the glut of empty places for rent? Smoke and mirrors. Not a word of truth. 2 Link to comment Share on other sites More sharing options...
Blumpie Posted September 25, 2020 Share Posted September 25, 2020 I would never put a million dollars in a thai bank account. NOT A CHANCE. 2 Link to comment Share on other sites More sharing options...
patman30 Posted September 25, 2020 Share Posted September 25, 2020 38 minutes ago, Grumpy John said: When I retired I had assets worth a bit over a million....and then I came to Thailand to live. ???? but..... did you sell ALL those assets to invest in property here ? and usually these types of investments are limited to certain properties or investments just like many CIP's in other countries except here you will only be able to get a work permit and a visa you must keep paying to renew instead of a 2nd passport you can get a 2nd PP for $100k in places like Antigua or Dominica (afaicr) 1 Link to comment Share on other sites More sharing options...
moe666 Posted September 25, 2020 Share Posted September 25, 2020 8 hours ago, Neeranam said: Investing half of that, $500,000, I could get a retirement visa in the USA. Not sure about a WP. I think you would get a green card that allows you to live and work in the US. Link to comment Share on other sites More sharing options...
TERMINATOR3AB Posted September 25, 2020 Share Posted September 25, 2020 Donnacha said ......was not happy when he made his first Million Ohh what a thing to say to all the battlers who read this forum you are a little over the top Mate Love to know your Nationally where does such lack of tact come from Seems you are perfect to live in Thailand Maybe run for a ministerial Position with the other useless millionairs Not impressed with your post at all Link to comment Share on other sites More sharing options...
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