Good news for foreigners wanting to reside in Thailand

[pisico 1074]

Good News for Foreigners Wanting to Reside in Thailand: a 50% Discount!

BANGKOK -- Deputy government spokesperson Ratchada Thanaderek said Tuesday the Cabinet has approved a new Interior Ministry regulations reducing long term visa fees from 100,000 to 50,000 baht. The Long-Term Resident visa (LTR visa) is valid for 10 years. The new rate and further details will become effective 90 days after the new regulations is published on the Royal Gazette.

#WhatsHappeningInThailand #Thailand #KE

[KhunBENQ 19339]

Has been discussed elsewhere.

What is it worth combined with the other high requirements like money (3 million Baht).

Publicity stunt.

 

[sqwakvfr 2137]

I have an OA with the required health insurance and it would cost me more to obtain this LTR.  On the surface it sounds good but “devil is in the details”.  Many will find this out when they look deeper into it.  

 

Here are the specific requirements for the “Wealthy/Retired category”

 

Groups 1 & 2: Wealthy Foreigners and Retirees

• Must purchase a health insurance policy which covers medical expenses of no less than US$50,000 for at least 10 months starting from the date of the application OR provide a social security certificate covering medical expenses in Thailand OR provide proof of at least US$100,000 held in a Thai or foreign bank account for at least 12 months prior to the application date.
• Must have evidence of an average income of at least US$80,000 for at least 12 months prior to the application date.

Edited May 12 by sqwakvfr

[Caldera 7714]

I'd wait for the details to be published before getting excited about those new visas. I've seen quite a few interpretations of requirements that look way too optimistic in my opinion.

 

The Thai authorities unfortunately have a tendency to complicate things (or to sour the deal) by dreaming up unworkable procedures or nonsensical (secondary) requirements.

[The Hammer2021 6893]

More complex  bonkers unrealistic ideas.  Can you imagine  the chaos if these clowns had to take part in military action to defend  their country?

[Adumbration 1238]

If you marry an Indonesian girl you get a 25 year visa with no strings attached.

 

And if you divorce after 10 years you can stay for life.

Edited May 12 by Adumbration

[KhunLA 5713]

Here's the not so fine print, from another news-blip.   Why would anyone who fits these, even consider living in Thailand:

 

[Capella 376]

2 hours ago, Adumbration said:

If you marry an Indonesian girl you get a 25 year visa with no strings attached.

 

And if you divorce after 10 years you can stay for life.

Thailand isn't part of Indonesia though. Every country in the world has different rules on who is and isn't welcome to stay. 

[StevieAus 1795]

14 hours ago, The Hammer2021 said:

More complex  bonkers unrealistic ideas.  Can you imagine  the chaos if these clowns had to take part in military action to defend  their country?

Fortunately it wouldn’t be Immigration in the trenches.

[Robin 828]

The more you read the details the more stupid it gets.  How does a Farang get to own $500,000 worth of property with no security of residence?

I am getting the impression that someone is making big money from health insurance, hence the sudden insistence  for everyone to have health insurance

[DezLez 1599]

12 hours ago, Capella said:

Thailand isn't part of Indonesia though. Every country in the world has different rules on who is and isn't welcome to stay. 

Agrre, but most countries have rules that make sense!

[itsari 2696]

12 hours ago, Capella said:

Thailand isn't part of Indonesia though. Every country in the world has different rules on who is and isn't welcome to stay. 

Correct , yet they are both members of ASEAN .

[1FinickyOne 10483]

15 hours ago, Adumbration said:

If you marry an Indonesian girl you get a 25 year visa with no strings attached.

 

And if you divorce after 10 years you can stay for life.

But there are precious few Indonesian girls here... not sure in all my years I ever met even one!

[spidermike007 54298]

A ridiculously low number of wealthy individuals have any interest in retiring, or living here. Let's face it. The most appealing aspect of living here, is the affordability, for most of us. Wealthy folks have better options. The nunskulls cannot see through their own fog of hubris, to be able to comprehend that Thailand is NOT the center of the known universe, and far greater sacrifices would need to be made, to attract any of these people. 

Edited May 13 by spidermike007

[BritManToo 63624]

9 minutes ago, spidermike007 said:

A ridiculously low number of wealthy individuals have any interest in retiring, or living here. Let's face it. The most appealing aspect of living here, is the affordability, for most of us. Wealthy folks have better options. The nunskulls cannot see through their own fog of hubris, to be able to comprehend that Thailand is NOT the center of the known universe, and far greater sacrifices would need to be made, to attract any of these people. 

I don't think there is anything Thailand could do to attract wealthy foreigners.

They don't need cheap women and housing.

I've been to some amazing beaches ....... none of them were in Thailand.

I've visited many historical sites/ruins ....... they weren't here either.

Food and wine ....... better in many other countries.

Safety, ease of entry at airports ...... just no.

Edited May 13 by BritManToo

[brianthainess 4847]

Old news but now its in the Gazette big deal.

[scorecard 23805]

...in the Royal Gazzette.

[Capella 376]

1 hour ago, itsari said:

Correct , yet they are both members of ASEAN .

ASEAN is a trading bloc. Not a common travel area like the EU. One day, perhaps, but I very much doubt it.

[Capella 376]

1 hour ago, DezLez said:

Agrre, but most countries have rules that make sense!

Try getting your other half into places like Australia, the UK or the US - tons of money and paperwork involved.

[itsari 2696]

1 minute ago, Capella said:

ASEAN is a trading bloc. Not a common travel area like the EU. One day, perhaps, but I very much doubt it.

My same thoughts 

[wwest5829 4714]

20 minutes ago, Capella said:

Try getting your other half into places like Australia, the UK or the US - tons of money and paperwork involved.

Just a footnote. I have had no difficulty with twice gaining US Tourist Visas for my ex-girlfriend. Experiences do vary.

[Lucky Bones 553]

16 hours ago, The Hammer2021 said:

More complex  bonkers unrealistic ideas.  Can you imagine  the chaos if these clowns had to take part in military action to defend  their country?

Would they defend the country or just a particular institution?

[Russell17au 2841]

9 minutes ago, wwest5829 said:

Just a footnote. I have had no difficulty with twice gaining US Tourist Visas for my ex-girlfriend. Experiences do vary.

try getting a "Residents Visa" for your partner into Australia and not a "Tourist Visa". There is a big difference between "Tourist Visa" and "Resident Visa" in every country. This thread is about "Residency" not visiting "Tourists"

[Capella 376]

30 minutes ago, wwest5829 said:

Just a footnote. I have had no difficulty with twice gaining US Tourist Visas for my ex-girlfriend. Experiences do vary.

We're talking about residency, not tourism.

[foreverlomsak 1664]

18 hours ago, sqwakvfr said:

On the surface it sounds good but “devil is in the details”.  Many will find this out when they look deeper into it.

Like 90 day reports and annual "reports" similar to requirements for Elite Visa holders.

[dadadede 16]

curious to know the tax regime these people will incur. 

Good luck to apply the standard progressive tax regime for those salaries.

Who wanna see at least the 20% of their salary in taxes in a country which give you back nothing, or better. which gives you back double prices

If they do a little flat tax , they can attract people. 

[charmonman 2614]

15 hours ago, Capella said:

Thailand isn't part of Indonesia though. Every country in the world has different rules on who is and isn't welcome to stay. 

I think the point is that other countries in the region have policies that are far less xenophobic and far less complicated than all the ridiculous schemes they are constantly inventing in Thailand.

[Tropposurfer 2898]

18 hours ago, sqwakvfr said:

I have an OA with the required health insurance and it would cost me more to obtain this LTR.  On the surface it sounds good but “devil is in the details”.  Many will find this out when they look deeper into it.  

 

Here are the specific requirements for the “Wealthy/Retired category”

 

Groups 1 & 2: Wealthy Foreigners and Retirees

• Must purchase a health insurance policy which covers medical expenses of no less than US$50,000 for at least 10 months starting from the date of the application OR provide a social security certificate covering medical expenses in Thailand OR provide proof of at least US$100,000 held in a Thai or foreign bank account for at least 12 months prior to the application date.
• Must have evidence of an average income of at least US$80,000 for at least 12 months prior to the application date.

As the Tagline says "Wealthy ... category". If you don't have the money then the "Wealthy/Retired category" LTR visa is not for you. 

 

 

 

[thailand49 4091]

How does getting)  ripped off considered good news! 

[Sato 35]

52 minutes ago, Russell17au said:

try getting a "Residents Visa" for your partner into Australia and not a "Tourist Visa". There is a big difference between "Tourist Visa" and "Resident Visa" in every country. This thread is about "Residency" not visiting "Tourists"

Adumbration wrote about getting residence permit in countries when you are 'married' to a citizen of this country.

In all civilized countries the foreign spouse will get resident permit in this case as it is a human right for married couples to live together.