jacko45k Posted February 18, 2022 Share Posted February 18, 2022 So this 32 mil baht.... does one have to invest it in a business in Thailand or what to get the Elite Visa and WP? Link to comment Share on other sites More sharing options...
Popular Post crazykopite Posted February 18, 2022 Popular Post Share Posted February 18, 2022 I don’t have a $ million I do however have several million baht so why would I want to work I came to Thailand to enjoy my retirement sadly after 16 years of being here the fun and enjoyment is disappearing I blame the current administration even the many Thai friends I have made are very unhappy with them if it wasn’t for having my own villa Which I’m trying to sell I would of left a long time ago 4 Link to comment Share on other sites More sharing options...
Popular Post dslocum Posted February 18, 2022 Popular Post Share Posted February 18, 2022 <deleted> are they thinking? Another nail in the coffin. You just CAN'T make this stuff up! :-( 4 Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted February 18, 2022 Popular Post Share Posted February 18, 2022 1. Wealthy people have very little interest in living or working in Thailand, (or even visiting as tourists) with very few exceptions. 2. The fools coming up with these plans, have no connection to reality, little skill or smarts, and have obviously done very little traveling outside Thailand. Either that, or their heads are swelled up so large, they should be in an emergency room, instead of an office. 3. Thailand is once again, vastly over estimating it's appeal, it's ability to attract the rich, and it's place in the world, which is diminishing by the day. 4. If these goons were to have any success at attracting rich expats, some major sacrifices would have to be made. Lowering luxury and wine taxes would be a good place to start. Then, clean up the air, water and land. Then pay some attention to traffic safety. In other words, wake up. 5. The economy here is decimated. Few even want to invest here. Real estate is very risky now, unless you are buying at 45% off. And local buying power is limited. 6. Thailand desperately needs new leadership. Yesterday. 6 5 Link to comment Share on other sites More sharing options...
Molly Malone Posted February 18, 2022 Share Posted February 18, 2022 4 hours ago, balo said: Yes sign me up , I just need to rob a bank first. Ok I will cough up 32 mill, if you change Bangkok, back to BANGKOK ! ???? Link to comment Share on other sites More sharing options...
kwak250 Posted February 18, 2022 Share Posted February 18, 2022 That guy who wanted to work as a luxury car washer has his answer now . Just pay the 32 million and you can work legally. 1 Link to comment Share on other sites More sharing options...
Molly Malone Posted February 18, 2022 Share Posted February 18, 2022 14 minutes ago, spidermike007 said: 1. Wealthy people have very little interest in living or working in Thailand, (or even visiting as tourists) with very few exceptions. 2. The fools coming up with these plans, have no connection to reality, little skill or smarts, and have obviously done very little traveling outside Thailand. Either that, or their heads are swelled up so large, they should be in an emergency room, instead of an office. 3. Thailand is once again, vastly over estimating it's appeal, it's ability to attract the rich, and it's place in the world, which is diminishing by the day. 4. If these goons were to have any success at attracting rich expats, some major sacrifices would have to be made. Lowering luxury and wine taxes would be a good place to start. Then, clean up the air, water and land. Then pay some attention to traffic safety. In other words, wake up. 5. The economy here is decimated. Few even want to invest here. Real estate is very risky now, unless you are buying at 45% off. And local buying power is limited. 6. Thailand desperately needs new leadership. Yesterday. Well said, Sir! Ya took the words right out of my mouth, bravo! Please insert the word "delusional" into your next comments, or maybe just TING TONG so the dullards will pay attention! Ka 1 1 Link to comment Share on other sites More sharing options...
Popular Post LittleBear57 Posted February 18, 2022 Popular Post Share Posted February 18, 2022 You can always rely on the Thai authorities of some sort or another to give you a good laugh. 2 1 Link to comment Share on other sites More sharing options...
Clydesdale Posted February 18, 2022 Share Posted February 18, 2022 Does this new card confer the right to buy landed property ? Link to comment Share on other sites More sharing options...
Karma80 Posted February 18, 2022 Share Posted February 18, 2022 Work permits have been off-limits to the TAT until now. They think they are precious, which they are not. The value diminishes with your financial capability and other more attractive, and cheaper, options if you want to stay in Thailand. Link to comment Share on other sites More sharing options...
Popular Post Oxx Posted February 18, 2022 Popular Post Share Posted February 18, 2022 32 million baht, and you're still not allowed to work as a tuk-tuk driver or cast alms bowls. 3 Link to comment Share on other sites More sharing options...
Chelseafan Posted February 18, 2022 Share Posted February 18, 2022 4 hours ago, SGD said: Do the people who have to administer this farce ever question the stupidity of their paymasters who come up with a never ending series of ever more stupid "investment opportunities" for westerners ? Can they even comprehend just what 32,000,000 actually represents, if they are earning 20/30k a month ? Yet no-one who has $1m plus lying around is stupid enough to invest it in Thailand simply to get a work permit. This visa is not for the likes of you and me.... Link to comment Share on other sites More sharing options...
peter zwart Posted February 18, 2022 Share Posted February 18, 2022 Please tell me this is fake news? Link to comment Share on other sites More sharing options...
mokwit Posted February 18, 2022 Share Posted February 18, 2022 So a 5 year work permit can be arranged if they want to - if they haven't before it is because they don't want to. 2 Link to comment Share on other sites More sharing options...
peter zwart Posted February 18, 2022 Share Posted February 18, 2022 Well, if you dont have to pay tax...........washing money is a oppertunity Link to comment Share on other sites More sharing options...
NanaSomchai Posted February 18, 2022 Share Posted February 18, 2022 1 minute ago, mokwit said: So a 5 year work permit can be arranged if they want to - if they haven't before it is because they don't want to. Control my friend. Control. 1 Link to comment Share on other sites More sharing options...
NorthernRyland Posted February 18, 2022 Share Posted February 18, 2022 1 hour ago, Isaanlife said: Your math is wrong, it comes out to 533,333.333 a month I was gonna say the same thing. 32,000,000/(12*5) = 533,333 baht or $16,609 USD PER MONTH. And this is just to break even before you can realize any profit on what is presumably the highest paying job in the entire country. This is so retarded on it's face I must assume this is some kind of joke. Never again take anything these idiots say seriously. 2 Link to comment Share on other sites More sharing options...
mokwit Posted February 18, 2022 Share Posted February 18, 2022 1 minute ago, NanaSomchai said: Control my friend. Control. Absolutely, keeping foreign experts needed for Thailand's development in their place. Link to comment Share on other sites More sharing options...
FritsSikkink Posted February 18, 2022 Share Posted February 18, 2022 4 hours ago, SGD said: Do the people who have to administer this farce ever question the stupidity of their paymasters who come up with a never ending series of ever more stupid "investment opportunities" for westerners ? Can they even comprehend just what 32,000,000 actually represents, if they are earning 20/30k a month ? Yet no-one who has $1m plus lying around is stupid enough to invest it in Thailand simply to get a work permit. Do you only know Thai people who earn 20/30 k a month? 5 Link to comment Share on other sites More sharing options...
DjChris28 Posted February 18, 2022 Share Posted February 18, 2022 I save $1000 USD per week in my job after my living expenses. It is more attractive for me to spend 6 months on in thailand living off the savings and then going back home to work for 6 months, then it is to have 1 million dollars for the privledge to work there. 1 Link to comment Share on other sites More sharing options...
khunpa Posted February 18, 2022 Share Posted February 18, 2022 6 minutes ago, peter zwart said: Well, if you dont have to pay tax...........washing money is a oppertunity Exactly. The only people who would have interest in this kind of visa are criminals. 2 Link to comment Share on other sites More sharing options...
NanaSomchai Posted February 18, 2022 Share Posted February 18, 2022 All the jokes aside. For 32 millions baht, the least they could sell you would be the Thai citizenship. Say, if the irrevocable Thai citizenship by naturalisation was ever for sale. How much would it be worth to you and how much would you be willing to pay for it? Link to comment Share on other sites More sharing options...
The Alien Posted February 18, 2022 Share Posted February 18, 2022 Well, if you read the link, it says… ”According to information released on Thursday, the 32 million baht investment can be made in three ways, including in real estate, investment in a limited or public limited company or as an investment in the stock market, which can include via an investment agency approved by the Securities and Exchange Commission.” 1 Link to comment Share on other sites More sharing options...
stigar Posted February 18, 2022 Share Posted February 18, 2022 I get so happy now..cant sleep.Just what im been waiting for.???? Link to comment Share on other sites More sharing options...
peter zwart Posted February 18, 2022 Share Posted February 18, 2022 15 minutes ago, khunpa said: Exactly. The only people who would have interest in this kind of visa are criminals. Are that the high potential tourist they focusing on? 1 Link to comment Share on other sites More sharing options...
Popular Post Iron Tongue Posted February 18, 2022 Popular Post Share Posted February 18, 2022 C'mon guys, don't forget you'll get free limo rides to the airport! 3 Link to comment Share on other sites More sharing options...
whitfield Posted February 18, 2022 Share Posted February 18, 2022 If you can afford $1 million you probably don't need to work. Link to comment Share on other sites More sharing options...
Popular Post Willy Wombat Posted February 18, 2022 Popular Post Share Posted February 18, 2022 Thailand really has a way over inflated opinion of itself. Imagine thinking multi millionaires will pay $1million for the privilege of working in a third world nation. Totally delusional 4 Link to comment Share on other sites More sharing options...
renaissanc Posted February 18, 2022 Share Posted February 18, 2022 The government is working from a badly thought out paradigm. The Elite scheme is the wrong way to go to attract wealthy foreigners because the visa fees are ridiculously high and you get trivial benefits for the price. Many wealthy foreigners will be attracted by being allowed to own a company, a house, and some land. Work on that foundation without the silly US$1-2 million fees, health insurance that expires when you're 70 anyway, and the tracking system of the TM30 and 90-Days reporting. Worse still, the length of the Elite cisas is much too short for the money. Keep it simple, cheap, and attractive, and they will come. Link to comment Share on other sites More sharing options...
Popular Post Surasak Posted February 18, 2022 Popular Post Share Posted February 18, 2022 I have read many of these crazy ideas, to entice foreigners to part with money for little or no return to live in Thailand. Each time I see them, I wonder what it must be like to be thick, and does it hurt? 4 3 Link to comment Share on other sites More sharing options...
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