NoshowJones Posted February 18, 2022 Share Posted February 18, 2022 3 hours ago, khunpa said: What a “great” deal! Clear that they are aiming to the very stupid super rich. Sure there must be millions of those. Very stupid super rich?? Except for maybe these who are born into money. Link to comment Share on other sites More sharing options...
StayinThailand2much Posted February 18, 2022 Share Posted February 18, 2022 (edited) 35 minutes ago, Dexxter said: The last time I entered Thailand via Don Mueang just before covid appeared, I was pulled aside and got questioned for 30 minutes because I had "too many" 6 month METVs in my passport and the Immigration Officer said I should marry my Thai partner and next time use a "marriage" visa. So even "back-to-back" 6 month visas with gaps of 2-3 months in the home country between each visa are risky. Happened to me with only one METV and one or two VE entries. That's why, when my current visa runs out later this year, I will show mercy and spend a year or so away from Thailand, travelling to other parts of the world, so not to cause these immigration officers too much distress. (And yes, the current entry requirements are also a reason why I won't be tempted to set foot on Thailand for a year.) Edited February 18, 2022 by StayinThailand2much 2 Link to comment Share on other sites More sharing options...
Misterwhisper Posted February 18, 2022 Share Posted February 18, 2022 Hmmm... I think it's a fantastic deal at only 32 baht. Or did I misread something? 2 Link to comment Share on other sites More sharing options...
Popular Post Dexxter Posted February 18, 2022 Popular Post Share Posted February 18, 2022 Perhaps they are trying to attract their CCP masters who are currently at risk of having their assets frozen in several western countries. 6 1 Link to comment Share on other sites More sharing options...
homeseeker Posted February 18, 2022 Share Posted February 18, 2022 Can I work at Macdonalds? Link to comment Share on other sites More sharing options...
Popular Post Oxx Posted February 18, 2022 Popular Post Share Posted February 18, 2022 11 minutes ago, homeseeker said: Can I work at Macdonalds? Not in Thailand you can't. It's a reserved occupation under "staffing shops and other retail outlets". 3 Link to comment Share on other sites More sharing options...
Popular Post phetphet Posted February 18, 2022 Popular Post Share Posted February 18, 2022 It's not an extreme speculation to imagine that anyone with 1M dollars could get 5% per annum investment return easy. Thats 50,000USD per year minus tax to live on in Thailand and not work at all. All the while, the money is safer in home country. Why risk it? 3 1 Link to comment Share on other sites More sharing options...
DefaultName Posted February 18, 2022 Share Posted February 18, 2022 7 hours ago, balo said: Yes sign me up , I just need to rob a bank first. Prohibited occupation, Thais only. ???? 2 Link to comment Share on other sites More sharing options...
SymS Posted February 18, 2022 Share Posted February 18, 2022 6 hours ago, ukrules said: It requires far less investment to just incorporate then employ yourself if you're so inclined. But I guess if someone already bought a 30 million Baht condo and has an Elite visa already and for whatever reason wanted to take a job then the option's there. I doubt many will bother with that route but you never know Maybe there are tax implications. If somebody is in Thailand with an Elite visa, they may not be able to claim tax residency in Thailand. But if they work legally and stay in Thailand more than 6 months, they could claim tax residency, pay themselves a small monthly salary, and avoid or lower taxation in other jurisdictions. Link to comment Share on other sites More sharing options...
tomacht8 Posted February 18, 2022 Share Posted February 18, 2022 The new Elite Card is not for me. Have worked hard all my life to have enough money to quit work. Now it's time to enjoy life and I wouldn't pay anyone 32 million baht to get back to work. 555 That would be schizophrenia. 1 Link to comment Share on other sites More sharing options...
Popular Post Uroller Posted February 18, 2022 Popular Post Share Posted February 18, 2022 These idiots must think they are running Monaco, which is where the rich actually go???? 3 Link to comment Share on other sites More sharing options...
wprime Posted February 18, 2022 Share Posted February 18, 2022 8 hours ago, timendres said: Almost $1 MILLION USD for the "privilege" of working in Thailand? Anyone paying for that needs a head check. You just need to invest the money in Thailand, it's not a fee. 1 Link to comment Share on other sites More sharing options...
khunPer Posted February 18, 2022 Share Posted February 18, 2022 32 million that pays 4 percent in dividend outcome - which is very possible on the Thai stock market, even after withholding tax - is little more than 1.2 million a year or 100,000 baht a month. It's not enough for luxury, but enough for an Okay life-style, so if you wish a hi-end life-style you need to also work. However, the question is if you really need to "invest" 32 million baht to get a work permit? If you are in that income level from a job, so you have 30+ million baht in savings, you should easily be able to get a job - and work permit - in a major- or international company, without the need for investing 32 million baht; and that job might even include both accommodation, or extra for that, and free international school of your choice for eventual children. If you are entrepreneur and start your own business, you only need to invest 2 million baht in a company limited - and as American, who are part of the target group, you can actually own that company 100 percent - to obtain a work permit, provided you can employ 4 Thais, or even less depending of your business and eventual BOI benefits. Makes me wonder what the real benefits are for 32 million baht...???? 1 Link to comment Share on other sites More sharing options...
Popular Post Mr Meeseeks Posted February 18, 2022 Popular Post Share Posted February 18, 2022 Ah the old Thai boondoggle. It seems incredulous, but you are not thinking about this from the Thai perspective. Remember, in their little brains, they know that it only takes one or two foreigners to purchase this to keep their gravy train rolling along. It keeps the office on Sathorn Rd. open and keeps the executives who were probably shuffled there from other govt. departments in a job doing relatively little until their retirement. Remember, the Elite visa isn't really for us at all, it's for them. 3 1 Link to comment Share on other sites More sharing options...
CM Dad Posted February 18, 2022 Share Posted February 18, 2022 If you have 32 million baht, why would you want to work? Give it to do good, not help the wasteful government, and get a hobby instead. Link to comment Share on other sites More sharing options...
Highend Expat Posted February 18, 2022 Share Posted February 18, 2022 9 hours ago, webfact said: Under the Elite Card’s new Flexible Plus Program applicants will be able to obtain a work permit. [for only 1M USD] It's almost impossible to understand how their brains work. Who, exactly, pays a million dollars, as an individual, to goto a developing country to work? Incredible people 1 Link to comment Share on other sites More sharing options...
Highend Expat Posted February 18, 2022 Share Posted February 18, 2022 1 hour ago, Dexxter said: Perhaps they are trying to attract their CCP masters who are currently at risk of having their assets frozen in several western countries. This is probably the real reason. Link to comment Share on other sites More sharing options...
paul1804 Posted February 18, 2022 Share Posted February 18, 2022 I guess this is written proof that there is life on other planets!!! 1 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted February 18, 2022 Share Posted February 18, 2022 13 minutes ago, Highend Expat said: It's almost impossible to understand how their brains work. It's easy, see my post above yours. 1 Link to comment Share on other sites More sharing options...
Oxx Posted February 18, 2022 Share Posted February 18, 2022 32 million baht, or one million dollars. Sounds familiar. Maybe Dr. Evil is working for the Thai government. With the proper advice they could increase the price to 100 billion dollars. Link to comment Share on other sites More sharing options...
tomacht8 Posted February 18, 2022 Share Posted February 18, 2022 Makes no sense overall. I'm still waiting for the 10 year elite membership card for the luxury soapy massage parlors and the all in Barfine flatrate card for the Gogo bars. ???? Link to comment Share on other sites More sharing options...
aussienam Posted February 18, 2022 Share Posted February 18, 2022 6 hours ago, ThailandRyan said: Lets see I get a 5 year work permit for my 32 million ...hmmmm. So in order for it to work I need to make 6.4 million THB a year, or around 53k Thb a month....doable but then what about taxes.....and who is going to hire a 50 something foreigner? no thanks i will stick to the 1900 baht a year retirement extension.... 53,000 per month is only 636,000 per year. You need to add a zero. You would need to make 530,000 per month to make back 6.36 Million baht in a year!! Not so doable unless you are in a high paying CEO position perhaps. Link to comment Share on other sites More sharing options...
Alex19 Posted February 18, 2022 Share Posted February 18, 2022 I can’t wait to see the registrations forecast. I can already guess: ”we expect to have 100 000 yearly registrations for the 32M package. totaling a revenue of 67 thousand billion baht” Link to comment Share on other sites More sharing options...
racket Posted February 18, 2022 Share Posted February 18, 2022 Wait till we get to Thailand 5.0. You’ll get a Thai Elite Visa for 50,000,000.00 and receive nothing in return. Link to comment Share on other sites More sharing options...
eastendanto Posted February 18, 2022 Share Posted February 18, 2022 7 hours ago, pokerface1 said: Okay book me in pls I'll have two please .. does the scam... sorry mean scheme include airmiles for buying ???? Link to comment Share on other sites More sharing options...
Expat60 Posted February 18, 2022 Share Posted February 18, 2022 If you can afford the 32 million the question would be, why would you choose to live in Thailand! Link to comment Share on other sites More sharing options...
Howiehotspur Posted February 18, 2022 Share Posted February 18, 2022 This might just Top the lot .. I cannot believe even ONE person in the World would go for this … and if they did , they don’t need to work anyway. .. million dollars to basically throw away .. Link to comment Share on other sites More sharing options...
Sambotte Posted February 18, 2022 Share Posted February 18, 2022 (edited) Many here (including the news redactors) look like they did not really understand it's an investment privilege. More like a technicality. One invest in real estate, in equities, in a business, etc., having already an Elite visa, will have less trouble if he/she needs a work permit, for whatever bureaucratic reason, period. High level, but nothing unreal. You guys seriously thought it was to look for a job ? ???? Ho wait some did not read the actual article ? ???? Who looks stupid here ? ???? Edited February 18, 2022 by Sambotte Link to comment Share on other sites More sharing options...
NorthernRyland Posted February 18, 2022 Share Posted February 18, 2022 3 hours ago, Oxx said: Consider the blatant gerrymandering and the flagrant attempt to make it difficult for ethnic minorities to cast their electoral votes because white Americans are better than everyone else. This is what you get, a broken society that cannot function like a democracy. Let me guess, whites are already a tiny minority globally and now you want us to be a minority in our own country by allowing non-white permanent immigration? Has living in Thailand taught you nothing about what it means to be a minority without political power? If white America wasn't so stupid they would have shut this entire thing down already but that hasn't nearly happened despite what you're suggesting. 1 Link to comment Share on other sites More sharing options...
Leaver Posted February 18, 2022 Share Posted February 18, 2022 7 hours ago, koratkarlos said: I find their proposed elite visa quite insulting. Who do you think we are? Are we really that stupid to spend 32 million THB to get a low paying job? When will this government wake up to reality? They seem to be relying heavily on the "Thailand brand." Some years ago, Thailand had that "pull" but Thailand is just not that popular anymore. 1 Link to comment Share on other sites More sharing options...
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