Foreign property owners now allowed to return to Thailand

[ukrules]

5 minutes ago, Airalee said:

They just slowed the drop to 1 million by a year. (It was supposed to take effect August of this year (2020) but was postponed by 1 year.

I always thought this was a rather odd thing to do, why would they do this?

 

I can't imagine why unless they were preparing for a future crash which screws over the majority of the population. Nothing that it was a long time ago when these changes were proposed.

 

How many people (Thais) have all their money in one bank? I'd suspect there's plenty of them.

 

 

Edited October 10, 2020 by ukrules

[TKDfella]

Probably like other members, I saw the headline and thought 'Oh, right.' Then when I read the OP it was 'What!...What!' I don't own property in Thailand but I thought there might be relief for others. But Gee Whizz how many more 'hoops' are they going to come up with. Absolutely ridiculous. 

[les1]

5 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.

How the hell are they doing that are you saying they are coming in from China by air?

Edited October 10, 2020 by les1
Spelling mistakes

[Airalee]

1 minute ago, ukrules said:

I always thought this was a rather odd thing to do, why would they do this?

 

I can't imagine why unless they were preparing for a future crash which screws over the majority of the population. Nothing that it was a long time ago when these changes were proposed.

 

How many people (Thais) have all their money in one bank? I'd suspect there's plenty of them.

 

 

Seeing the kind of loans that are written (primarily for overvalued real estate) leads me to believe that they knew long in advance that it would all blow up.  It’s no different than Goldman Sachs shorting the same CDOs they were selling.  The banks will fail...and of course...nobody could see it coming.

 

 

[digger70]

6 hours ago, rooster59 said:

Foreign property owners now allowed to return to Thailand

Why just not state that only The Hi So and Super rich And Well connected can return to Los and Forget about Anyone else. then We All know where we Stand.

[OnTheRun]

2 hours ago, crazykopite said:

For the last 10 years I have kept 800,000 in the bank yesterday I started tucking into it not because I need it but the way Thailand is going in future I will use an agent there seems to be enough of them who can sort your retirement visa for 15,000 baht with no need to have money tied up in a bank account . I’m fed up of all this BS they keep spewing out on a daily basis I can see a lot of we expats moving on by saying enough is enough.

Agreed, I've stopped getting my salary paid into Thailand and will just live off what I've salted away over the last decade or so. I have a condo which I'll sell if the price is right, if not it's a holiday home for use if and when I feel like visiting. I left Phuket 12 years ago, after 6 years basing myself there, because of the greed and general rip off culture that was steadily building up. I now feel the same about the whole country, for the first time in almost 20 years I'm seeking pastures new.

[nickmondo]

Property Owners:  Form an orderly queue!  ha ha.

I have to stop reading this stuff, it gets more impossible every time.

If this is what property owners have to do, imagine what Property Renters have to do?

jeez......

there is just zero logic as to why they have to have so much money.

they already own a property here for gods sake!

and with the insurance they need to have, what the hell are they thinking about here?

its just ridiculous.

 

[Bangkok Barry]

6 hours ago, Surelynot said:

Let's face it...this is just another step on the road to clearing out foreigners (apart from their brothers and sisters in China).......It is all part of going down the (silk) road to become the next North Korea.

Indeed. Remember, it was only about 50 years ago that Thailand's joined-at-the-hip Chinese began allowing foreigners into their country in any numbers. Before that, Japan was closed to outsiders. Thailand might well be going in the direction of closing its doors to foreigners. Several unchallenged statements by government members have hardly been encouraging, and the continued determination to ban tourists and others indefinitely even at the expense of wrecking the industry permanently and putting millions out of work also doesn't bode well.

 

Edit: And also on this site today:

https://forum.thaivisa.com/topic/1186784-north-korean-ambassador-praises-long-ties-with-thailand/?utm_source=newsletter-20201010-1246&utm_medium=email&utm_campaign=news

 

Edited October 10, 2020 by Bangkok Barry

[alianware]

Thailand get more craizy every day. The Gov. Is so confused and find a way to to boost their economy.  

The regulation in ridiculous. Should western countries requiry property and bank statement as well from thai  ???

I think they should reconsider this !.

Edited October 10, 2020 by alianware

[VBF]

4 hours ago, Oldie said:

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

Sadly, it's getting to the point where you need to be rich AND stupid to be able  to want to travel to Thailand...

 

And I never thought I'd say that but these last few months...... ????

[thaitero]

This visa is not for  someone who owns cheap niruncondo full of cockroaches. It is kind of visa who has a proper condo and maby interested to invest more to propertymarket or something else in Thailand. Kind of investment visa, I`d say,,

[mran66]

.... I'm sure the 3m evidence must be copy of updated bank book that you can only get done in Thailand... 

 

And trying to figure out what could be the logical reasoning even in theory to set the 500k for 6mo requirement for UK Bank In ADDITION to the 3m in TH bank, just can not get it at all.

 

Clearly this is not done for anybody to actually apply, just for some weird show that only a Thai (or at least with brain working on thai logic) can understand 

[VBF]

2 hours ago, jlwilliamsjr18 said:

Key Words here: "now able to apply to return to the country"

Good luck.

And then......

https://loyaltylobby.com/2020/10/08/epic-failure-thailand-delays-special-tourist-visa-indefinitely-48-hrs-before-first-tourists-arrive-no-refunds/?omhide=true

(Yes I know this link is about the STV, but the principle remains, IMO)

 

Caveat Emptor

[MRToMRT]

I would love to know what's behind all these hurdles. They seem to be getting more and more ridiculous. One has to wonder what the ultimate play is. Is it just a way of limiting applications or is there an end game in their sights. Is immigration going to get more and more difficult in the future?

[Jack Cook]

Have to admit, it's comical to read the irrational idiotic drivel they come up with on a daily basis.

Thailand is all but over now. Tourism will never recover and why in gods name would anybody even consider owning property in Thailand anymore. The entire economy will carsh like a deck of cards very soon.

I wouldn't even consider going back until they get back to some form of normailty, which won't be ebefore June 2021 if ever. Vietnam is so much nicer on all levels anyway.

 

Edited October 10, 2020 by Jack Cook

[VBF]

2 hours ago, Pattaya Spotter said:

Because for some number of people, these requirements are not financially onerous and therefore it is an option for them to return. I am mystified why they set the amount at 3M baht, why not make it around 1M, which is at least close to the figure for annual retirement extensions.

Same reason a dog licks his balls........because he can!

[Lacessit]

AFAIK rich people don't get rich by being morons. The Thai government seems to think Thailand is so attractive to the wealthy they will be willing to undergo a financial lobotomy.

[high plane drifter]

I would never think that would come to that point...

Someone is really distroing the tourism industry,,,

 

 

[rumak]

3 hours ago, holy cow cm said:

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

i am beginning to think that THEY  do get most of their ideas from frikin people here .

 

THEY  are casually reading our sweet posts , getting a good laugh at how powerless we are,  getting

a little pizd off as the Nong puts some more ice in their Johnny Walker ...

 

and then BAM,  someone posts " what are they gonna do next ?  make us put 1.5 million in the bank?

bunch of covidiots ! "           "Arai wah !! "   Next cabinet meeting ... " Sure General, let 'em in .  Here is the list ,  I have just added the 3 million contingency "

 

holy cow poo poo indeed !   i am starting to fear that the path ahead is full of it

Edited October 10, 2020 by rumak

[mran66]

6 minutes ago, MRToMRT said:

I would love to know what's behind all these hurdles. They seem to be getting more and more ridiculous. One has to wonder what the ultimate play is. Is it just a way of limiting applications or is there an end game in their sights. Is immigration going to get more and more difficult in the future?

My guess is that all these non-practical visas are result ot bureaucracy and departmentalisation of government. 

 

One ministry pushes to create a mechanism for people to come (the one driven by tourism industry). Then the ministry that actually is responsible for creating the visa policy, either itself or lobbied by another ministry, does not want people to come so they create a visa that is impossible for anybody to actually meet the requirements. But they can sey that they did their job. 

 

It is actually entertaining in these quiet times to follow these morons' work, just like the red bull guy case. They probably don't know that people outside are laughing at them though 

[nickmondo]

On 10/10/2020 at 10:45 AM, 2 is 1 said:

 Hmm... if i have condo in Thailand , i can get back!

I only need to:

-get my condo papers (dam it those in Thailand)

-Move little money to Thai bank (3 million bth)

-Move almost 14k € my using account(wait half year)

-Get covid test

-Get fit to fly 

-get insurance for 100k $

-book sheap ASQ hotel(stuck there 14-15 days)

-book flight (?)

Not much, then im back and live happily ever after! 

Tam sabai

 

 

yes, but you have to do all that before they CONSIDER your application.

big chance they wll refuse, and try getting a refund for all your expenses!

stay where you are mate.

[riclag]

The Mrs. said, P (I 'll leave you to fill in the name) doesn't have enough money coming in to the country!

[Johnthplumb]

4 hours ago, Oldie said:

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

I think you should reword that now to, you need to be very rich and STUPID to travel to Thailand.

[keystonecoppers2]

 

 

                              Advise to the Thai Government:  

           

                              Keep on digging, you are almost there!

[dutchman]

Maybe a new way for keep the thaibath strong

[alianware]

1 minute ago, dutchman said:

Maybe a new way for keep the thaibath strong

will thai bath be strong in this way ?? no farangs , will be no dollars. And they have to pay their debt with dollars !

[Jimbo53]

Apart from Covid certification and the required testing etc,why should there be any change to the financial requirements already in place for expats on a retirement extension? 

TIT.

[Pattaya Spotter]

1 hour ago, holy cow cm said:

Errr Ummm. You don't get the long stay visa? It is an additional slap and spit into the face for most who have already qualified and whom have purchased property here. If I want the O-X then I would have to put up the 3 million as those is them rules for that. These bozos are making it up as they go. Lets call it selective discrimination.

I agree they do seem to be chasing their tails...but don't think it has anything to do with race. 

[holy cow cm]

1 hour ago, Don Mega said:

Pack sand ?

Better than packing fudge.

[Bim Smith]

6 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.

Watch the real estate prices crash. One thing the government have no control over.