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?

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 

<deleted> are they thinking?

 

Another nail in the coffin.  You just CAN'T make this stuff up! :-(

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. 

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 ! ????

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. 

 

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

You can always rely on the Thai authorities of some sort or another to give you a good laugh.

Does this new card confer the right to buy landed property ?

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.

32 million baht, and you're still not allowed to work as a tuk-tuk driver or cast alms bowls.

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....

 

Please tell me this is fake news?

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.

Well, if you dont have to pay tax...........washing money is a oppertunity

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 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.

 

1 minute ago, NanaSomchai said:

Control my friend. Control.

Absolutely, keeping foreign experts needed for Thailand's development in their place.

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?

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.

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.

 

 

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?

 

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.”

I get so happy now..cant sleep.Just what im been waiting for.????

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?

 

C'mon guys, don't forget you'll get free limo rides to the airport!

 

If you can afford $1 million you probably don't need to work.

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 

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.

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?