TAT proposes attracting a MILLION foreigners - work with no work permit, right to buy land - TEN Year stay

[Gecko123]

5 hours ago, webfact said:

Those with skillsets

Would this count?

 

Sick of reading TAT's unrealistic proposals which never materialize. These people are hopelessly out of touch with the outside world.

[ricardofel]

5 hours ago, rhomber said:

I came to Thailand on the STV with the hopes to get the Smart Visa when they made the changes to that to enable foreign employment. But now I am here and they scrapped the Smart Visa changes and they have also scrapped the STV, so I am not even sure I will be able to stay the full 9 months. I earn almost $200k, presumably I am exactly the kind of person they want to attract and keep. However, reading the above, it says things like "They must have qualifications of at least a bachelor's degree" - I have no university experience, however I do have over 20 years of actual experience and the title of "VP of Engineering" to match. They also say "They would be nomads in stock trading at companies making at least 50 million dollars per year" - What the heck? You only want people who work in trading companies? I work in an IT company, and how does it even matter how much the company I work for makes if I earn enough?

 

Meanwhile, I can easily move to Ecuador and actually buy land and live there permanently and feel like it's my home as long as I make $800/mo (Rentista visa). I want to feel like this my home Thailand, I do not feel welcome here and I am worried I will need to leave soon as the STV isn't eligible for COVID extensions. I am 38 so I am not eligible for the retirement visa for another 12 years. I am not going to set 600k baht on fire getting an elite visa either, I think the fact I live here and spend 30000k baht a month on rent, hire a cleaner for 3600 baht a month and pay for groceries and e.t.c. should be enough.

Sorry...that's not enough. Maybe if you gave blood????

[kynikoi]

Pure fantasy.

 

If they cut their financial requirements by 65% and the expected interest of foreigners by 75% they'd be on the right track.

 

The thing about Thailand is that it can never compromise. Here they lay out some mildly interesting possibilities then link them to fantastical financial obligations.

 

Of course we all know that 10-year visas will be actually 1-year visas renewed 10 times.

 

The requirement to lock a fairly large some of money up in government financial interest and or condos is also a huge stretch.

 

250k outright will get you citizenship and perhaps a half dozen warm and comfortable countries.

 

Finally, they just don't seem to understand that millionaires don't need this place.

 

Thailand and it's retirement scheme are old news. Everyone at least in the west that might be interested in living here is already doing so or has thoroughly scouted it out.

 

This really leaves only the Chinese which have all sorts of financial restrictions on money leaving their country.

 

The Indians will be into consequential as well the Russians in this. The Indians don't have the money and the Russians don't have the numbers of population.

 

Despite the current regime in power I was really hoping that this announcement was going to mean something for expatriates. I was looking forward to be able to invest the money that I made here in a condo and put it away from my wife. It's just more hopium

 

Many of us will remember the mid-2000s. The condos that came with visas and how the condos were constantly being reassessed downward and funds needed to be topped up against it just for a silly visa. Finally they just drop the whole thing and all those people that own condos could go suck an egg.

Edited June 5, 2021 by kynikoi

[Richard Hall]

And once upon they all arrived they lived happily ever after.

 

Great. A classic. ????

[Mansell]

When you start reading the details the whole thing becomes laughable. Retirees with quarter a million dollars.....most of us don’t have that kind of money. They must sit around at TAT and whomever comes up with the craziest idea gets a week at a resort for free. They need to sit down with farang and listen to some real solid suggestions to make this a real destination and not a fly by night joke. Do they ever send anybody to other countries to study solutions to their  tourist issues? Do they ever think beyond their wallets? Have they taken Covid 19 into their calculations? I doubt it, the reality is it’s going to be around for probably six more years and they need to get on the vaccine band wagon.....and soon before it’s to late.

[ricardofel]

Will it never end? I think not. Bad enough they have screwed up covid in Thailand due to incompetence on every level.......and now the TAT scheme. I thought I would end my days in Thailand, but I got smart and left 8 years ago. Best decision I ever made! Got my shots in the US 2 minutes from my house. Ending 2 weeks of quarantine tomorrow. Why did they change it to 2 weeks from 1 week? God knows why? Another bit of incompetence. People who are vaccinated, negative covid test are safer than most anyone in Thailand, but no....they add an extra week to help the hotel industry? The daily incompetence would drive me crazy. 2 more weeks and back to a reasonably sane California. Good luck all you farangs who will hopefully get your shots by 2022. 

[soalbundy]

5 hours ago, Joe Farang said:

What happens when the 10 years is up ?

You're expected to die before then leaving all your assets to a Thai wife.

[Pravda]

Meanwhile my wife just sent me a ling from Novotel. You can have one of their tasty meals delivered to your door for 65 baht. Pretty incredible. 

 

https://nbpp.atdmcthailand.com/?utm_source=social paid&utm_medium=facebook&utm_campaign=7272-fooddelivery-en-0106&fbclid=IwAR2NDMqEcywEFV8pzhnvKPptsdttZcXGlGzW5kVGv67UbaVW-cWdbEJAOoQ

 

 

[kynikoi]

5 hours ago, rhomber said:

I came to Thailand on the STV with the hopes to get the Smart Visa when they made the changes to that to enable foreign employment. But now I am here and they scrapped the Smart Visa changes and they have also scrapped the STV, so I am not even sure I will be able to stay the full 9 months. I earn almost $200k, presumably I am exactly the kind of person they want to attract and keep. However, reading the above, it says things like "They must have qualifications of at least a bachelor's degree" - I have no university experience, however I do have over 20 years of actual experience and the title of "VP of Engineering" to match. They also say "They would be nomads in stock trading at companies making at least 50 million dollars per year" - What the heck? You only want people who work in trading companies? I work in an IT company, and how does it even matter how much the company I work for makes if I earn enough?

 

Meanwhile, I can easily move to Ecuador and actually buy land and live there permanently and feel like it's my home as long as I make $800/mo (Rentista visa). I want to feel like this my home Thailand, I do not feel welcome here and I am worried I will need to leave soon as the STV isn't eligible for COVID extensions. I am 38 so I am not eligible for the retirement visa for another 12 years. I am not going to set 600k baht on fire getting an elite visa either, I think the fact I live here and spend 30000k baht a month on rent, hire a cleaner for 3600 baht a month and pay for groceries and e.t.c. should be enough.

 

How can you be an (Executive) VP without a degree?! That doesn't even sound possible especially how young you are. I have three friends that are engineers and they've absolutely scrapped for their careers throughout their lives.

 

I'm sure we're not talking electrical, civil, mechanical, computer, software, materials...

 

Maybe sanitation.

Edited June 5, 2021 by kynikoi

[lavender19]

5 hours ago, RotBenz8888 said:

Always fun to read new TAT fantasies. 

I know invest you life in a flip flop military junta that changes its immigration policies by the day. Okay  go on then.

[Raphael Hythlodaeus]

5 hours ago, webfact said:

pay 17% tax only on local earnings

That means they will have to get involved with Thai income tax. I doubt if any wealthy person wants the hassle. One reason why I did not apply for permanent residence since I would be exchanging the hassle of yearly visa extensions with the possibly greater hassle of tax declarations (required for permanent residence). A friend of mine found this out the hard way.

[piston broke]

how excited i was when i read the headline......

 

Then i scrolled down the criteria / eligibility....

 

1. No

2. No

3. No

4. No

 

Then i was at the end....

 

oh well - snide retirement visa for me yet again this year .......

.

[kynikoi]

It's an absolute one-way street for Thailand. I'll take and no give. It's about what we might expect isn't it? Has anything ever been different in these sorts of schemes??

[shadh]

Never a mention of those married to a Thai National...

[wordchild]

this whole plan has been kicked around for the last 12 months or so.

As i understand it, its origin was a presentation made by a group of (Thai) economists and MBA types to a committee comprised of leading Thai business men , who had been asked by the  Govt to come up with ideas to move the country forward. 

The pitch was " how does Thailand attract a greater share of the worlds wealthy and more potential wealth creators." there was general agreement ,within that committee, that the ideas presented should be worked on and presented to the government.

I know one or two of the people involved and ,in the early stages , some quite radical ideas were  discussed. eg the granting of permanent residence (without any hurdles , such as a language test) to those who were deemed to be bringing something significant to Thailand ie their  personal wealth or a history of wealth creation. Monaco, Thai style, if you like.

However the whole plan seems to have come up against the notorious  Thai bureaucracy and what is left is frankly a  pretty watered down version. I dont see anything in this that is compelling enough to attract the sort of people they originally targeted.

Edited June 5, 2021 by wordchild

[BestB]

1 hour ago, Genix said:

Maybe encourage investments & allow foreigners to easily register for a Thai LLC without 49% ownership limit so they can start a business here, pay tax & hire employees which will boost the economy and reduce unemployment, especially now.

I want to start a company here which would instantly employ 6-8 people but it's risky (49% ownership) and too complicated (Yes I know about FBL)

 

Make it easy with people making $80k+/year & no criminal background to live here without crazy requirements (+ you'd get more nomads paying tax).

 

SIMPLIY things. Make over $X a year? No criminal background? Welcome.

Not "your company must be in stocks and make over 50 billion" like what? why? how did a person come up with this specific thing? Even if you take LSD & Shrooms together I don't think you'd be able to come up with something very specific like this.

Having a small biz and setting up a company is not a problem amd no risks at alll. Unemployment normally is below 2% , can not get staff. It’s all about protecting thai owned businesses that are 100 years behind.

 

do not for 1 min think having a company means success , until you meet and work with thai workforce., it is out of this world and if you thought TAT statements were silly , wait to work with thai, then you will really be in for a shock 

[kennw]

6 hours ago, RotBenz8888 said:

Always fun to read new TAT fantasies. 

Yes, well guys about this idea , lets start with a number, take a guess or ask a mor doo (fortune teller) , 1 million sound OK great now lets set the carrots, dont worry about the details, eg. what happens to land ownership after 10 years. Medical insurance, does it have to be with a Thai company? etc etc 

[w94005m]

5 hours ago, tomyami said:

many millionaires left in plane loads in the last 2 months because they couldnt get vacs 

And as soon as I feel it's safe to travel, I'm on my bike too. I ain't wasting any more of my hard-eared money here

[w94005m]

32 minutes ago, piston broke said:

how excited i was when i read the headline......

 

Then i scrolled down the criteria / eligibility....

 

1. No

2. No

3. No

4. No

 

Then i was at the end....

 

oh well - snide retirement visa for me yet again this year .......

.

I'm very fortunate to potentially qualify on any one of those counts, but after this vaccine debacle, unless everyone is treated equally for health emergencies, rather than excluded, then I suspect that there's a lot of potential people who this is a complete non-starter for, even if it actually comes to fruition.

 

[David T Pike]

Awesome! I fall into #3. Now I can buy a house and not have to worry about my ex-to be stealing it from me! ????

[ABCbangkok]

The TAT is also proposing that long-term resident foreigners be allowed to run for office. 
 

Now wouldn’t that me something. ????

[ICELANDMAN]

1 hour ago, Velleman said:

The junta's own 50-cent army?

 

Yes, you now

[Phuket Pete]

The monied people you seek will not put up with being treated like sheep by your Immigration departments.

[Genix]

28 minutes ago, BestB said:

Having a small biz and setting up a company is not a problem amd no risks at alll.

 

51% Thai ownership is not a risk?

FBL does have it's limitations and complexities.

[JamieM]

3 hours ago, connda said:

I've also noticed a bunch of accounts with under 100 posts that drop one-liners that may or may not even make sense.  Those look more like bots. 
Interesting in a strange sort of way.

They tend to use similar language too they it's either the same twisted person making lots of accounts or a small team of people / bots being given a similar script to direct a particular narrative on topics.

 

 

[aboctok]

6 hours ago, scubascuba3 said:

Can we ban the use of "well heeled" phrase, it's an annoying thaivisa type phrase

Finally, a ban I can enthusiastically support.

[Jimbo2014]

4 hours ago, spidermike007 said:

Well, at least they are thinking with more creativity, and showing us something. Anything comes as quite a surprise, as the lack of talent within the TAT is astonishing. Sometimes, it would appear that the tourism authorities in Burundi, Bangladesh, Haiti, and Afghanistan have more talent and creative juice.

 

It is a start. Hopefully they can get retrograde minds like Prayuth and Phiphat to buy into it. Their minds tend to run backwards, nor forward into a bright future for the nation. 

 

Having said that, I was thinking from the beginning of Covid, and the shutdown, that with the huge losses, the mind numbing collapse of the tourism industry, and the lack of revenue, that there was at least a remote chance some humility might be developed amongst these guys.

 

The most important thing for these guys to wrap their heads around, is the fact that Thailand needs the outside world 20X more than the world needs Thailand. 

 

Your very right and with the sad demographic picture of Thailand it looks like depopulation will occur soon.  The Junta is run by nationalistic backwards looking dinosaurs.  Right now Thailand could be attracting the best and brightest from Asia to work here.  The collapse of Myanmar was a golden opportunity for Thailand to open its doors to culturally similar hard working educated youth.  Instead we have barriers placed up.  For decades Thailand could have attracted educated westerners and Asians to help grow its economy.  The nationalistic Junta is just too xenophobic and controlling to allow such.

[aboctok]

47 minutes ago, BestB said:

Having a small biz and setting up a company is not a problem amd no risks at alll. Unemployment normally is below 2% , can not get staff. It’s all about protecting thai owned businesses that are 100 years behind.

 

do not for 1 min think having a company means success , until you meet and work with thai workforce., it is out of this world and if you thought TAT statements were silly , wait to work with thai, then you will really be in for a shock 

What are talking about? Thai workforce are equipped with giant calculators for typing on when you need to know the price of what they want you to buy. It's that clever.

[spidermike007]

12 minutes ago, Jimbo2014 said:

 

Your very right and with the sad demographic picture of Thailand it looks like depopulation will occur soon.  The Junta is run by nationalistic backwards looking dinosaurs.  Right now Thailand could be attracting the best and brightest from Asia to work here.  The collapse of Myanmar was a golden opportunity for Thailand to open its doors to culturally similar hard working educated youth.  Instead we have barriers placed up.  For decades Thailand could have attracted educated westerners and Asians to help grow its economy.  The nationalistic Junta is just too xenophobic and controlling to allow such.

 

Correct. There is so much an industrious, ambitious, open minded, intelligent man like Thanathorn could accomplish here. The nation could be moving forward in untold ways. The people (not the top. 03%) could be benefitting on so many levels.

 

We need youth. We need progressive minds. We need to establish a way to rid the nation of ancient, toxic, mind numbingly backwards, closed minded, arrogant, apathetic, indifferent, unqualified, incompetent, know it all, idealess men, possessing no forward agenda, who are non visionary dinosaurs. 

[Somtamnication]

These  folks must be chewing waaaaaay too much kratom!