Only a fool would buy a Thai property now. This virtually stops you from ever using it.

So if you are overseas how do you get a Thai bank statement? Yes, I know there are online ways to print but generally the bureaucracy only accepts original letterhead versions from the bank.

8 minutes ago, Nout said:

Where? The rules as outlined here are for all foreigners. I live in Pattaya and have seen new Chinese arrivals

They are from S'Korea and have been arriving since last month

 

 

As for the OP, what are they thinking, since when did a condo owner need 3 million baht in a Thai bank account, never heard of anything so ridiculous but there's always tomorrow 

 

If anyone wasn't convinced before they sure are now, time to leave 

So if you are overseas how do you get a Thai bank statement?

This makes one wonder.....If this is what they now require just to get a visa/entry for folks who have ALREADY invested in Thailand by buying Real Estate

 

What then will the new requirement be for retirement visa holders going forward who do not even own real property in Thailand? Based on this kind of thinking it

may go up considerably

 

LOL......

 

This is frigging halarrious.......

 

This forum has had self righteous condescending poster for years putting down and belittling all visa classes lower than them......Like those 30 day border runners and those horrible rule breaking durtbags who live off 60 day tourist visas....Kick the bums out..... 

 

Now the visa tightening has got so bad that nobody can come to Thailand....So it's just not fair that they, the self righteous can't come to Thailand....lol

10 minutes ago, Ganesh108 said:

The message is clear:

 

Never ever invest in property in Thailand. NEVER. You'll get screwed over one way or the other.

 

Agree 100%.

I would really like to reply to this but would probably be banned for life ......!!!

16 minutes ago, meechai said:

 

 

So again I ask....What is the reasoning for this further blackmailing of owners?

 

 

 

Greed. 

This is a true slap and spit in the face to the property owners.

These guys have totally lost their minds - these financial requirements are insanity. 

 

Thailand is trying its hardest to set up plants coveting tourists who don’t really want to come here and endure quarantine, yet at the same time its tripping over itself to prevent simple entry procedures those with ties to Thailand who would endure quarantine. 

 

The whole mindset is inside out. 

 

 

Just now, richard_smith237 said:

These guys have totally lost their minds - these financial requirements are insanity. 

 

Thailand is trying its hardest to set up plants coveting tourists who don’t really want to come here and endure quarantine, yet at the same time its tripping over itself to prevent simple entry procedures those with ties to Thailand who would endure quarantine. 

 

The whole mindset is inside out. 

 

 

I actually think it shows their real mindset. 
 

There is a quote in another thread from one of their think tank that talks about “quality over quantity”

 

Sadly foreigners who have Invested in property and raising families area still seen as low quality when compared to their Chinese counterparts and down in the pecking order of who they want back.  
 

 

Move more money in? hell my plan is try and get my money out. 

Crazy stuff............

If they are putting up these type of hurdles for those that have already invested in the country, how long before 400/800,000 baht requirement for Marriage/Retirement Visas are brought in line to this way of thinking?

 

 

32 minutes ago, Rancid said:

So if you are overseas how do you get a Thai bank statement? Yes, I know there are online ways to print but generally the bureaucracy only accepts original letterhead versions from the bank.

You need to be rich AND clever to be able to travel to Thailand...

4 minutes ago, Kadilo said:

If they are putting up these type of hurdles for those that have already invested in the country, how long before 400/800,000 baht requirement for Marriage/Retirement Visas are brought in line to this way of thinking?

 

 

Yes i can see a big increase in these limits coming soon, 1.5-2 million baht. That should get rid of most of the "poor" dirty farangs.

1 hour ago, Airalee said:

Only a complete financial illiterate would put 3 million baht into a Thai bank when the deposit protection drops to ONE million baht next year.  

Three million is what I transfer every year, in the first days of the year to prove it is income from the previous year. So, if I was out of Thailand right now, I'd just wait until after new year to apply. 

 

There are many in my situation I guess and we are neither "financial illiterate" nor unaware of the, so far unenforced, Thai income tax rules.

I think they will then say if not lived in your house or condo for a year they take it away

I alway thought they resented ownership of property rule was buy with money you can afford to lose lots of properties purchased for cash

entry to thailand is going to be to the highest bidders and how much they value there commitments for the next 12 months I am sure they have a smile that one too

12 minutes ago, Boomer6969 said:

Three million is what I transfer every year, in the first days of the year to prove it is income from the previous year. So, if I was out of Thailand right now, I'd just wait until after new year to apply. 

 

There are many in my situation I guess and we are neither "financial illiterate" nor unaware of the, so far unenforced, Thai income tax rules.

I said nothing about Thai income tax rules.  

4 minutes ago, yeahbutif said:

I think they will then say if not lived in your house or condo for a year they take it away

if its in a company name you have to provide an annual return think they could be the first to go

1 hour ago, teacherclaire said:

Next, (and this is the first of the eye opening requirements) they need to be able to provide a copy of a bank statement that shows a balance of at least 3 million baht deposited into a Thai bank account.

 

They also need to show a bank statement from a UK or Irish bank account that has a balance of 500,000 baht for the past 6 months.

 

Is it enough to have a Yorkshire Terrier? 

plus 800,000 for retirement visa O-A

 

plus 125 million baht for potential Thai girlfriends.

plus 67 million for future investments in a Thai rubber plantation and basmati rice farm.

2 hours ago, Pottinger said:

Farookin' ridiculous! Three million Baht earning 0.1% in a Thai bank plus another half million doing nothing in your home country - just how anxious do they think people are?

Expect a lot more condos to come up for sale.

OMG! KEE DUwah ,BS! This is the nail on the head moment!

This confirms it, these people are raping  money away from us ,through their demands!

 

I would venture to say 10 out of every 100 who has property here can meet those demands!

 

53 minutes ago, Kadilo said:

If they are putting up these type of hurdles for those that have already invested in the country, how long before 400/800,000 baht requirement for Marriage/Retirement Visas are brought in line to this way of thinking?

 

 

Don't give them any ideas to suggest and be the biggest Regime boot licker in government. 

I just told my kids and wife at the lunch table and their jaws literally dropped. Wife said good way to lose money.

I am one of the lucky ones we got back into Thailand from N.Z. on the 2nd Jan after my fathers funeral, I am the last member of the family so we have no intentions of going back to the N.Z. for some time unless the government forcers me to leave. I have a house in N.Z as a plan B if need be.

 

 

And I fully expect this is the Thai Governments chance to update the retirement visa requirements to say 1.2 million and 800,000 k for married people in the near future with a grandfathering allowance for existing visas.

1 hour ago, Nout said:

2 hours ago, Surelynot said:

OMG.....this doesn't apply to the Chinese as well...... does it?.......It can't do, they are flooding back into my condo at the moment.

Where? The rules as outlined here are for all foreigners. I live in Pattaya and have seen new Chinese arrivals

Pictures or this Chinese "flooding" or it never happened.

18 minutes ago, riclag said:

OMG! KEE DUwah ,BS! This is the nail on the head moment!

This confirms it, these people are raping  money away from us ,through their demands!

 

I would venture to say 10 out of every 100 who has property here can ment those demands!

 

Well one good thing for expats already here is condo rental prices have been dropping every month......I watched a 15,000 baht a month condo drop in price to 8500 a month......Lots of Condos getting cheaper.....Not just rentals but sales prices dropping....I think the Chinese will be picking up some bargain priced condos from expats who can't come back....

Just to say, the requirement listed in the OP are very much in line with those implemented for the Non O-X visa. Doesn't it make a lot of sense?