HappyGoLuckyLife Posted November 9, 2021 Share Posted November 9, 2021 Was on YouTube checking out various subscriptions and I noticed the two videos on Integrity Legal Thailand's channel. Interested changed coming, if this is indeed the case. Thoughts? If these changes are coming down the road, should we assume something happening to marriage visas down the line? Video 1 Video 2 1 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted November 9, 2021 Popular Post Share Posted November 9, 2021 Integrity and Legal are two words that should never be in the same sentence 21 1 12 Link to comment Share on other sites More sharing options...
Popular Post jackdd Posted November 9, 2021 Popular Post Share Posted November 9, 2021 5 minutes ago, HappyGoLuckyLife said: if this is indeed the case. Thoughts? He is just speculating. I recommend to ignore this guy. 19 2 1 Link to comment Share on other sites More sharing options...
Popular Post DrJack54 Posted November 9, 2021 Popular Post Share Posted November 9, 2021 The blonde chap shouldn't be allowed near a camera. I want see him in a Jackie Chan movie. 3 8 Link to comment Share on other sites More sharing options...
Popular Post pattaya1234was Posted November 9, 2021 Popular Post Share Posted November 9, 2021 He suggests having 1.2 million in the bank rather than the present 800,000 baht. With the banks only guaranteeing 1m baht I think this unlikely. 11 1 1 Link to comment Share on other sites More sharing options...
LarrySR Posted November 9, 2021 Share Posted November 9, 2021 GOOGLE : Thai retirement VISA 1.2 million baht. 1 1 Link to comment Share on other sites More sharing options...
Popular Post anchadian Posted November 9, 2021 Popular Post Share Posted November 9, 2021 (edited) 'The law is our business'.....what a complete joke. Edited November 9, 2021 by anchadian 4 6 Link to comment Share on other sites More sharing options...
Popular Post sqwakvfr Posted November 9, 2021 Popular Post Share Posted November 9, 2021 The 1.2 Million Baht and the 100,000 Baht was posted on the Los Angeles Thai Consulate website for about a week. I just checked the website now and this is what is posted: 4. Bank statement or evidence of adequate finance showing – a deposit of the amount equal to and not less than 800,000 Baht; or – an income certificate (an original copy) with a monthly income of not less than 65,000 Baht; or – a deposit account plus a monthly income totaling not less than 800,000 Baht. – In the case of submitting a bank statement, a letter of guarantee from the bank (an original copy) is required. 6 2 1 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted November 9, 2021 Popular Post Share Posted November 9, 2021 2 minutes ago, sqwakvfr said: The 1.2 Million Baht and the 100,000 Baht was posted on the Los Angeles Thai Consulate website for about a week. I just checked the website now and this is what is posted: 4. Bank statement or evidence of adequate finance showing – a deposit of the amount equal to and not less than 800,000 Baht; or – an income certificate (an original copy) with a monthly income of not less than 65,000 Baht; or – a deposit account plus a monthly income totaling not less than 800,000 Baht. – In the case of submitting a bank statement, a letter of guarantee from the bank (an original copy) is required. It most certainly was a cut and paste error on the site....but.....it would certainly not surprise me in the least if over the next year or so Thailand does increase the requirements as all they keep saying is they want to attract the well heeled (and in unwritten speak that means forcing out the rest of us by default) 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post Robin Posted November 9, 2021 Popular Post Share Posted November 9, 2021 For me, here on a retirement visa for some years, these new insurance requirements for Thailand Pass, mean the end of Thailand as a retirement country. I want to retire to somewhere that I can travel from as I want, and Thailand has ceased to be this place. I am here on a Non"O" visa, so for the moment I can stay with no Insurance required, but for how long? Will the Junta, having closed Thailand for new retirees, soon start closing the loopholes like Non O for excising retirees? Looking elsewhere on this Forum, I have seen a recommended health insurance policy (from WR) which quotes me $2277 annually for the cover that Thailand now wants. So basically this is added to the cost of living, retired, in Thailand. Throw in the suggested 1.2M Baht in the bank, and thsi will be the end of Thailand as a retirement destination. If I cannot travel back to my home country (UK) at least once a year, i do not really want to be here.. Am I the only person who feels like this? 29 1 Link to comment Share on other sites More sharing options...
Popular Post grain Posted November 9, 2021 Popular Post Share Posted November 9, 2021 I've been expecting the financial requirements to be increased for the past couple of years, and it won't surprise me one bit to see them go up next year. My guess is 1.2 mill will become the new requirement, possibly 1.5 mill, but unlikely to be more than that. Of course this is just my hunch. Medical insurance also seems to be something they are inching towards as a requirement for all foreigners. And if so this will spell the end for many aged retirees, me included, who won't be able to get, or afford, medical insurance. Now's the time to be putting some thought to preparing a Plan B. 5 1 3 3 Link to comment Share on other sites More sharing options...
Popular Post Digitalbanana Posted November 9, 2021 Popular Post Share Posted November 9, 2021 (edited) He's a click baiter - been playing the game for years. Edited November 9, 2021 by Digitalbanana 8 1 Link to comment Share on other sites More sharing options...
david555 Posted November 9, 2021 Share Posted November 9, 2021 1 hour ago, pattaya1234was said: He suggests having 1.2 million in the bank rather than the present 800,000 baht. With the banks only guaranteeing 1m baht I think this unlikely. Why not ...? as you can take out half of that 800K after5 month's for 7 month's under your own hands/pillow ???? .... so lower the risk if you are concerned about the " 1 million deposit protection only " ???? 1 Link to comment Share on other sites More sharing options...
Popular Post Salerno Posted November 9, 2021 Popular Post Share Posted November 9, 2021 4 minutes ago, grain said: My guess is 1.2 mill will become the new requirement, possibly 1.5 mill, but unlikely to be more than that. Unless they change the bank guarantee back I can't see them going above 1 million. Before the O-A insurance kicked in it would be a safe bet they'd grandfather existing retirees, since then a precedent has been set so interesting times. 3 1 Link to comment Share on other sites More sharing options...
Ginkas Posted November 9, 2021 Share Posted November 9, 2021 This brings back memories. Some years ago, when Taksin was Prime Minister, the heads of each immigration office were called to Bangkok. They were told the retirement requirements were being raised to 1.2 million baht and in four years were to be raised to 2 million. I was 'warned' about this by the head of our immigration office who I knew well, but who has since retired. The following year, with no increase, I was told that with the ousting of the PM it was not thought appropriate to bring in the increases! Maybe, after all these years they are finally going to do it? Link to comment Share on other sites More sharing options...
HappyGoLuckyLife Posted November 9, 2021 Author Share Posted November 9, 2021 10 hours ago, pattaya1234was said: He suggests having 1.2 million in the bank rather than the present 800,000 baht. With the banks only guaranteeing 1m baht I think this unlikely. I was thinking the same thing. 1 Link to comment Share on other sites More sharing options...
Popular Post Richard 2020 Posted November 9, 2021 Popular Post Share Posted November 9, 2021 Who says that 1.2 million Thai Baht must be in only one account...??? So one account with 600.000.-THB and another one with 600.000.-THB Where would be the problem?? Anyone who has more than 1 million THB in one account is not only reckless, but also stupid ???? 3 1 Link to comment Share on other sites More sharing options...
Popular Post matta01 Posted November 9, 2021 Popular Post Share Posted November 9, 2021 AUD 54,545 now = +/- 1.200000 Thb https://sydney.thaiembassy.org/en/publicservice/non-immigrant-visa-type-o-a?fbclid=IwAR2A-TeOGWzTSzKniTWQb7BZ3cZRiPpE5RmOjoVnvPUrKwXUizeMhmKTpRU 2 1 Link to comment Share on other sites More sharing options...
Popular Post HappyGoLuckyLife Posted November 9, 2021 Author Popular Post Share Posted November 9, 2021 1 hour ago, Richard 2020 said: Who says that 1.2 million Thai Baht must be in only one account...??? So one account with 600.000.-THB and another one with 600.000.-THB Where would be the problem?? Anyone who has more than 1 million THB in one account is not only reckless, but also stupid ???? Not sure about Thailand, but here in the US FDIC insurance ($250K USD) covers all accounts in that bank in total. Not individual accounts. So, if you had two accounts both with $250K. only one of those accounts would be covered by the insurance. 3 1 Link to comment Share on other sites More sharing options...
bokningar Posted November 9, 2021 Share Posted November 9, 2021 20 minutes ago, HappyGoLuckyLife said: Not sure about Thailand, but here in the US FDIC insurance ($250K USD) covers all accounts in that bank in total. Not individual accounts. So, if you had two accounts both with $250K. only one of those accounts would be covered by the insurance. The solution would be to use 2 different banks. Then at the other hand, just to open a bank account in Thailand is a bit hit and miss. 2 Link to comment Share on other sites More sharing options...
Popular Post Boyn Posted November 9, 2021 Popular Post Share Posted November 9, 2021 The more i read on this site the more im thinking that retiring to LOS is a bad idea. But the missus wants to go home and it is a country ive loved for over 30 years so what do i do? 7 Link to comment Share on other sites More sharing options...
Popular Post HappyGoLuckyLife Posted November 9, 2021 Author Popular Post Share Posted November 9, 2021 5 hours ago, bokningar said: The solution would be to use 2 different banks. I thought the visa requirement funds had to be in a single account? 3 Link to comment Share on other sites More sharing options...
Popular Post Jingthing Posted November 9, 2021 Popular Post Share Posted November 9, 2021 (edited) 5 minutes ago, HappyGoLuckyLife said: I thought the visa requirement funds had to be in a single account? Not true but using multiple accounts and/or banks complicates things and officers like things to be simpler. Edited November 9, 2021 by Jingthing 4 Link to comment Share on other sites More sharing options...
Popular Post Jingthing Posted November 9, 2021 Popular Post Share Posted November 9, 2021 (edited) 5 hours ago, Boyn said: The more i read on this site the more im thinking that retiring to LOS is a bad idea. But the missus wants to go home and it is a country ive loved for over 30 years so what do i do? Well you could use a marriage visa. However, overall, I would not recommend Thailand for retirement except for the very wealthy (because that's the group that is actually WELCOME here). Better to choose a country that offers a path to permanent residency or even citizenship and even better entry into their health care system. Don't get me wrong. I'm not saying Thailand is a bad place to retire purely as a place to LIVE. It's actually quite good. The problem is the VISA SYSTEM. Edited November 9, 2021 by Jingthing 11 Link to comment Share on other sites More sharing options...
Popular Post talahtnut Posted November 9, 2021 Popular Post Share Posted November 9, 2021 You can save heaps of cash and heaps of hassle staying in your home country, just buy a pair of Long Johns and a waterproof hat and enjoy the winter with the extra cash. Right click for more options. Thailands not really what it used to be, the playgrounds gone. 4 1 2 Link to comment Share on other sites More sharing options...
1FinickyOne Posted November 9, 2021 Share Posted November 9, 2021 2 hours ago, Jingthing said: Not true but using multiple accounts and/or banks complicates things and officers like things to be simpler. me too. I am a simple man. 2 Link to comment Share on other sites More sharing options...
Popular Post 1FinickyOne Posted November 9, 2021 Popular Post Share Posted November 9, 2021 22 minutes ago, talahtnut said: Thailands not really what it used to be, the playgrounds gone. or you just outgrew it? 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted November 9, 2021 Popular Post Share Posted November 9, 2021 2 hours ago, Jingthing said: the very wealthy (because that's the group that is actually WELCOME here). Correction...they despise them just as much as us...they want their money is all 4 Link to comment Share on other sites More sharing options...
itsari Posted November 9, 2021 Share Posted November 9, 2021 I read an Australians post on news in Chiang Mai Facebook that the minimum requirement for funds will increase to 1.2 million baht . 2 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted November 9, 2021 Popular Post Share Posted November 9, 2021 19 minutes ago, itsari said: I read an Australians post on news in Chiang Mai Facebook that the minimum requirement for funds will increase to 1.2 million baht . Well that settles it....who's going to question a facebook post from an Aussie in Chiang Mai ? 1 17 Link to comment Share on other sites More sharing options...
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