10 hours ago, JohnnyBD said:

If you're happy with your current visa, and feel a LTR visa is not beneficial to you, then you're already set. 

 

I agree - with that quote. 

 

Thailand has a number of good visas.  The Type-O IMHO is a very good one at present for those who do not like the LTR visa requirements. 

 

There was a time, when (like others) I deliberately left Thailand without a re-entry permit to invalidate (the Type-OA) visa i was on, for the sole purpose (of having no re-entry permit) so that i could re-enter Thailand and then apply for the Type-O visa.  

 

i dare say most of the retired expats I know are on the Type-O visa, ... and for good solid reasons IMHO.  The Type-O is a good visa.

 

The LTR's financial requirements does not match the financial situation for everyone.  For those of us (like myself) where it does match our finances ... well in my case, i feel very fortunate.

 

21 hours ago, JohnnyBD said:

It sounds like your Pension & Superannuation accts are basically retirement type accts where the money is taxable when you withdraw it. If that's the case, it's not worth taking withdrawals unless you need the money to live on. I understand your situation now...

 

I'm fortunate to keep enough cash in my brokerage acct, that I can easily move to a high-yield bank savings acct, and then use in lieu of the LTR Thai insurance.

No it is not taxable upon withdrawal.  The money in super earns tax-free at a high rate, but if I put it in a savings account (at about a quarter of that interest rate) that money no longer becomes tax exempt - the income is counted, and there are taxes to pay on it at top marginal rate because I am living overseas, the pension is affected because earnings are 'taxable' income' and that reduces the pension amount, and if/when I return to Aust my 'social welfare' benefits get changed (including medical services and costs). That is not all the issue - but take it from me it would cause too many problems - putting it in Thailand would not, but that means SFA interest - and all the other downsides.

19 hours ago, JimGant said:

I'm afraid, if you were queried, that a large transfer into Thailand under an LTR visa would be much more supportable as tax exempt -- then assessable income remitted to Thailand, where its purpose, once in Thailand, has no bearing on its taxability. We had this "gift" discussion a few years back on this forum -- and a chunk of assessable income remitted to Thailand as a "gift" was no different than a remittance to buy a condo, a new car, or provide for living expenses.

 

Certainly don't wish to reopen that discussion -- it can be found somewhere here with a search. Suffice to say: a Royal Decree exists for LTR remittances; it certainly doesn't for "gifts" to the wifey. 

I am not saying anyone who has an LTR is wrong or that no one should get one - I started another thread to ask questions about LTR and it spilled over into this one.  

 

I have had the 'gift' situation confirmed in writing by a legal firm - as long as the money is not then given to me. Many wealthy married Thais do it every year - it is one of many ways they get their overseas investment returns into the country tax free. The 'fears' created by that tax rule change was the main reason incoming remittances dropped by billions in 2024 - not because of Expats like some silly people think. 

 

The LTR is great - being able to currently remit large amounts into Thailand tax free is great - so is no 90 days and just an annual conformation of address. But for me the health insurance is not good, and I dont want all my financial records held by Thai authorities.  If under any new global tax system (if/whenever started) holders of LTR Visa pay no income taxes on global money whether remitted or not (unlike at present where it is remitted money), and the health insurance is sorted out, then I will probably get an LTR.  But by then another more suitable Visa might get released - they seem to do new ones every year or two.  They may even drop 90 day reporting and make annual extensions much more easy and fair - and pigs might fly. 

13 hours ago, BrandonJT said:

This is only non-taxable if the money will not benefit you in any way, which is clearly not the case if you are just using this as a tax loophole.

Yep. But only an idiot would do it that way. The wife buying things in the wife's name is the key - house, car, furniture, expenses, etc. You still have to bring in your own money and be able to account for spending it. But as any fool would know - the TRD would be asking the Wife questions - because the money came into the country in her name and into her bank account/s.  

13 hours ago, oldcpu said:

Thailand has a number of good visas.  The Type-O IMHO is a very good one at present for those who do not like the LTR visa requirements. 

There was a time, when (like others) I deliberately left Thailand without a re-entry permit to invalidate (the Type-OA) visa i was on, for the sole purpose (of having no re-entry permit) so that i could re-enter Thailand and then apply for the Type-O visa.  

i dare say most of the retired expats I know are on the Type-O visa, ... and for good solid reasons IMHO.  The Type-O is a good visa.

The LTR's financial requirements does not match the financial situation for everyone.  For those of us (like myself) where it does match our finances ... well in my case, i feel very fortunate.

 

Ditto - I left and came back on a 3 month non-immigrant type O Visa to 'visit family' - then 12 month extensions ever since.  The only downside to O Visa is the 90 day reporting and the annual extensions which can be a serious pain in the butt. This year I am converting from marriage to retirement - I do not want another effin tinpot general coming to our house and giving me a 15 min self-important lecture on how lucky I am to be able to live in Thailand - in Thai (translated by Wife).  Yes - up here in KK they visit the house for a marriage extension - a Expat in the Office while I was waiting said they do every year and another one confirmed it.  That was the driver to looking into the LTR Visa - everywhere else I have lived in Thailand they have never visited the house and given me a lecture - it was unbelievable.  The Wife said later she was worried I was going to tell him to eff off.   

14 hours ago, BrandonJT said:

On 9/6/2025 at 1:24 PM, TroubleandGrumpy said:

I brought millions in as a gift to the Thai wife and that is not taxable income - and I can do that every year. LTR not needed for that reason for me - but a great reason to get one if you are not married to a Thai. 

This is only non-taxable if the money will not benefit you in any way, which is clearly not the case if you are just using this as a tax loophole.

One exception: Wife is earning decent money in Thailand. She gifts you. You gifts her. Money is fungible.

6 hours ago, TroubleandGrumpy said:

Yep. But only an idiot would do it that way. The wife buying things in the wife's name is the key - house, car, furniture, expenses, etc. You still have to bring in your own money and be able to account for spending it. But as any fool would know - the TRD would be asking the Wife questions - because the money came into the country in her name and into her bank account/s.  

Are you living in that house? Are you driving in that car?  

On 9/7/2025 at 12:52 PM, TroubleandGrumpy said:

..., and I dont want all my financial records held by Thai authorities. 

 

I am not sure if there is a misunderstanding there on your reading BoI requirements for the LTR visa ?

 

One is NOT obligated to show BoI all one's financial records. Not in the slightest. I have an LTR-WP and for certain i have not (shown all my financial records). Showing all one's financial records, if not necessary is a security risk, and i repeat, BoI does NOT obligate one to show all one's financial records.

 

One is only obligated to show enough to meet the BoI definition of wealthy.  

.

1 hour ago, oldcpu said:

One is NOT obligated to show BoI all one's financial records. Not in the slightest. I have an LTR-WP and for certain i have not (shown all my financial records). Showing all one's financial records, if not necessary is a security risk, and i repeat, BoI does NOT obligate one to show all one's financial records.

 

One is only obligated to show enough to meet the BoI definition of wealthy.  

Difficult not to show more, if not structured accordingly, for people holding the most part of their net worth between 2 or 3 accounts.

Solution could be to black out on statements all other irrelevant information (including balance), out of the $40k/$80k cash flow requirement.

1 hour ago, Yumthai said:

Difficult not to show more, if not structured accordingly, for people holding the most part of their net worth between 2 or 3 accounts.

I agree it would be very difficult not to show your financials (institutions, acct numbers, balances, etc.) for those using dividends, interest or capital gains to qualify. I qualified using pensions only, so I didn't have to submit any bank, brokerage or retirement acct information. I had to submit my tax return, but only form 1040 which shows my total income. It doesn't show any financial institution names, acct numbers or acct balances.

2 hours ago, oldcpu said:

I am not sure if there is a misunderstanding there on your reading BoI requirements for the LTR visa ?

One is NOT obligated to show BoI all one's financial records. Not in the slightest. I have an LTR-WP and for certain i have not (shown all my financial records). Showing all one's financial records, if not necessary is a security risk, and i repeat, BoI does NOT obligate one to show all one's financial records.

One is only obligated to show enough to meet the BoI definition of wealthy.  

I will say this AGAIN.  Your situation is not a direct reflection of other people's situation.  Surely you realise that for others showing proof might require more documents and records than for you.  Example reason - not everyone has their wealth measured and reported by the tax office in their home country. Plus many other factors come into it (for me).  

 

So I will say it AGAIN.  Until the TRD confirms (or denies) that LTR Visa holders who are tax residents of Thailand, are not taxable for their global income under any new Thai taxation system, then I will wait before considering the LTR Visa again.  

 

The health insurance issue is also a concern - but the solutions for me to that issue might be worthy of reconsideration.  And IMO I can see the BOI lowering the bar/s and maybe even changing things, because the LTR Visa is not popular. There are many reasons for that, and I would not be surprised if two of those reasons are insurance and providing acceptable financial records.  

1 hour ago, Yumthai said:

Difficult not to show more, if not structured accordingly, for people holding the most part of their net worth between 2 or 3 accounts.

Solution could be to black out on statements all other irrelevant information (including balance), out of the $40k/$80k cash flow requirement.

BOI stated that they had to see the full complete records that I would provide - no blanking out was allowed.  

14 minutes ago, JohnnyBD said:

I agree it would be very difficult not to show your financials (institutions, acct numbers, balances, etc.) for those using dividends, interest or capital gains to qualify. I qualified using pensions only, so I didn't have to submit any bank, brokerage or retirement acct information. I had to submit my tax return, but only form 1040 which shows my total income. It doesn't show any financial institution names, acct numbers or acct balances.

Exactly - thanks for stating that for some it is not an easy exercise - including when the yearly financial reports we can get do not 'line up' with the Jan-Dec requirement that BOI has in place.  I wish my income tax return was like that - because most of my income is not reported as taxable income.  

On 9/4/2025 at 10:09 AM, oldcpu said:

 

 

I note your view. Let me provide some 'counterpoints'.

 

Re: health insurance, you note you 'self insure'.  You can do that self health insurance with an LTR visa, with money still in Australia. 

 

Possibly a Health Insurance 'issue' here for you,  is that you believe you either need less money than what BoI insist is adequate for self-health insurance, or you believe you need less liquidity in your self-health insurance funds, than what BoI insist is necessary for liquidity.  

 

In comparison to Type-OA visa, I also want to point out, the Type-OA visa does not accept health insurance from branches of insurance companies from outside of Thailand, nor does the Type-OA visa accept self health insurance. So for many expats that means the Type-O visa is THE visa of choice for long term stay in Thailand, if not working/receiving income in Thailand.

 

 However I would also speculate there is just a big chance of Health Insurance becoming a type-O visa requirement (which would be a disaster for many) as there is of the LTR visa being cancelled. ... I suspect we will disagree on that view of mine.

 

I do note that this is Thailand and predicting the future is nebulous at best.

 

Next point.

 

Reference Tax laws, there is no incoming Thailand global taxation system.  None. Not at present.

 

There is no Royal Decree establishing such a global taxation.  

 

So that is only speculation at present. 

 

Further, any such global taxation law, if ever implemented, will impact ALL Thai tax residents, and not only hypothetically the LTR visa holders.

 

Now I think it is very very clear, that at present, LTR visa holders (per Royal Decree) are tax exempt remitted income to Thailand. 

 

That Thailand tax exemption, for some, provides an excellent opportunity NOW, for those on the LTR visa (whose DTA of their source income does not protect them) to bring money in NOW, so to last them some years, in case tax laws change. So from that view point, it makes sense to get an LTR now !! Don't wait ... take advantage of it now, before any laws hypothetically change.

 

Reference the new PM or Thai politics. Trying to predict what will happen there is highly speculative. Again, if there is something good in place now for Visa, it makes sense to use it while it is good.  

 

Reference 'risking money' on LTR, I would argue the opposite. If you are a Thai tax resident, and if have foreign income that a DTA (on a Type-O) does not make tax exempt in Thailand, you risk much more.

 

Clearly thou - at least clear to me - every foreign expat needs to consider their financial situation, consider their source income amount and consider any associated DTA with the source country of that income, and come to their own assessment.

 

But if one is worried the LTR may in the future close to new applicants, the logic i see is its best to get the LTR now, before the door closes - contrary to your assessment.

 

Regardless, the very best wishes to you and the approach you adopt.  

Thanks for your post! FYI Type OA Visa is possible with a foreign health insurance as stated on the website of Frankfurt consulate. I have obtained an OA visa in the past with unlimited foreign health insurance for the price of 69 Euros per month! The thai health insurace is not much help to my understanding as it is capped.

5 hours ago, oldcpu said:

 

I am not sure if there is a misunderstanding there on your reading BoI requirements for the LTR visa ?

 

One is NOT obligated to show BoI all one's financial records. Not in the slightest. I have an LTR-WP and for certain i have not (shown all my financial records). Showing all one's financial records, if not necessary is a security risk, and i repeat, BoI does NOT obligate one to show all one's financial records.

 

One is only obligated to show enough to meet the BoI definition of wealthy.  

.

FATCA/CRS stipulates that ALL foreign bank information (gross receipts, account holder name etc) gets send to Thailand authorities once you are a legal resident (180 days plus) in Thailand and reported this fact to your bank (legal obligation and contractual obligation to the bank). So not much help that BoI sees only a part of your bank information. There are very few countries that are not participating in CRS like north Korea, laos, myanmar, Philippines for example but you do not want to hold substantial money in those banking systems.

 

 

2 hours ago, TroubleandGrumpy said:

  Example reason - not everyone has their wealth measured and reported by the tax office in their home country. Plus many other factors come into it (for me).  

 

 

So? If you read this thread, you will (or should) note that others have posted they succeeded to get the LTR visa endorsed by BoI without having tax records. They provided proof of their income by other means. 

 

 

2 hours ago, TroubleandGrumpy said:

 

So I will say it AGAIN.  Until the TRD confirms (or denies) that LTR Visa holders who are tax residents of Thailand, are not taxable for their global income under any new Thai taxation system, then I will wait before considering the LTR Visa again.  

 

Well.... Hell is more likely to freeze over first.

 

  Expecting BoI to confirm (or deny) anything under a new Taxation system, where there is no such new taxation system, a confirmation from BoI is not going to happen.  🤣

 

That's like saying wait until immigration confirms they will never require type-O to obtain Health insurance under the new immigration law (where there is no such law)

 

or

 

like saying wait until Immigration confirms that in the next 10 years they will not under any circumstances, raise the cost of the Type-O/OA visas (when there is no such confirmed announcement).  

 

Its not going to happen.  So nothing will be confirmed.

 

2 hours ago, TroubleandGrumpy said:

The health insurance issue is also a concern - but the solutions for me to that issue might be worthy of reconsideration.

 

I think for many the LTR Health Insurance is a stumbling block.  And frankly, that is possibly THE criteria that for many means this is a WEALTHY pensioner or WEALTHY-global-citizen visa.  Emphasis on wealthy.

 

Those who struggle to meet that, simply are not wealthy in the view of BoI.  It is that basic, and unfortunately it is also that unfortunately/cruel for those who are borderline, and who can not afford to structure their finances accordingly.

 

Fortunately there is the Type-O visa, and one simply has to put up with the 90-day reports, put up with the annual reproof of finance, and simply take the risk of no increase in annual fees, and simply take the risk of no future health insurance requirement on the Type-O.

 

Most the retired expats I know are on the Type-O, and I hope the Type-O continues to work for them, and I hope that the 'risks' never happen.  .... Unfortunately in life, I do not always get what I hope.

 

 

2 hours ago, TroubleandGrumpy said:

  And IMO I can see the BOI lowering the bar/s and maybe even changing things, because the LTR Visa is not popular.

 

 

That could happen. But IMHO then the Visa needs a name change for LTR-WP and LTR-WGC, as it is no longer a 'wealthy' LTR.

 

8 minutes ago, stat said:

FATCA/CRS stipulates that ALL foreign bank information (gross receipts, account holder name etc) gets send to Thailand authorities once you are a legal resident (180 days plus) in Thailand and reported this fact to your bank (legal obligation and contractual obligation to the bank).

 

Not exactly. That is not fully accurate.  You need to dig into the details.  Things like Canadian RRSPs, RRIFs, and USA 401(k) are excluded.

 

8 minutes ago, stat said:

So not much help that BoI sees only a part of your bank information.

 

Further - anyone who is wealthy, and can easily meet the BoI requirements (and is not a border line qualifier) likely has their money diversified.

 

So one can show BoI one meets the requirements, but in fact BoI only sees a fraction of one's wealth.

 

It is important, in my view, not to jump to conclusions that between BoI and FATCA/CRS, that all one's financial information is being closely tracked.  it is not.  However one is required, in their tax residencies, to carefully follow the local laws, and also one is required, in the country from where one obtains their income, to follow the tax laws of those countries also.

 

 

4 hours ago, Yumthai said:

Difficult not to show more, if not structured accordingly, for people holding the most part of their net worth between 2 or 3 accounts.

Solution could be to black out on statements all other irrelevant information (including balance), out of the $40k/$80k cash flow requirement.

 

Yes that is true.  I am a strong believer in diversifying one's wealth, which can mean multiple accounts (and further mean only show BoI the account(s) that are necessary).  Just because one might have a lot more money than the BoI requirements, does not mean one should show such to BoI.

 

I note the following, which WILL make me unpopular.

 

This IS called an LTR-WP and LTR-WGC where the 'wealthy' corresponds to a BoI definition of wealthy.

 

So I get a sense a lot of the discussion is about those who barely qualify financially.

 

The view of BoI is that if one is not 'wealthy enough' to restructure one's finances to meet BoI's requirements, then they are not considered wealthy and they do not qualify for the LTR (despite these individuals being very close to qualifying).

 

Again - fortunately Thailand has the Type-O visa for those age 50 and over and it is a great visa (IMHO) as long as it does not change. My hope is that it does not change.

 

On 7/9/2022 at 6:15 PM, Thingamabob said:

As a retiree I am happy to maintain 800k in the bank, and pay 1900 baht once a year for a retirement extension. Why would I want to pay more ?

 

Yes that is what I do.

 

It takes one hour once a year at the local immigration office in Phuket.

 

All my forms are in WORD format and are already filled in on my computer, I just have to change the date on each form and that is that once a year, a fifteen minute job.

 

The 90 day reporting takes two minutes to do online and the TM30 about the same amount of time online.

 

The amount on deposit can drop to 400k and then I top it up with money from the UK via a Wise transfer two months before the visa extension is applied for, the rest of my money and assets stay safe in the UK under my control.

On 7/10/2022 at 5:59 AM, Northwest87 said:

Because you didn't spend enough time hanging on for dear life from the rear platform of a chock-full 100 km/h speeding songthaew coming and going from/to the local immigration office ????

 

No, he probably drove at a safe speed in his own air-con car to the immigration office and back as I and many others do. 👍

17 minutes ago, JamesPhuket10 said:

It takes one hour once a year at the local immigration office in Phuket.

 

 

Your experience in Phuket is mostly very different from mine - albeit mine was from 2019 to 2023.

 

I had ALL the paper work ready before.  It all was accepted, no extra copies needed.

 

Except ..

 

When I arrived around 10:30am in the morning (coming straight from the bank with my records) I was given a number for a queue.

 

I sat with a few dozen others outside in a hot sweaty environment (in those days there was not an indoor area for Type-OA/O 1-year extensions) before my paper work was even looked at.  

 

Then they took my paper work and I sat again outside in the hot sweaty area.  

 

Immigration was closing their doors, so they had me come inside the building where the type-O/OA visas were being processed. There were 4 chairs. There were 5 of us.  I stood for the first 20 minutes until a chair became available.

 

Then I sat and waited ... and waited.  The immigration office was closed for new people, but the Thai immigration staff were inside working hard, processing the paperwork. 

 

Finally at 18:30 they completed the work associated with my paper work (they did not even look at it for the longest time) and they opened the door so I could leave.

 

This scenario happened to me twice !! in different years.  In all cases my paperwork was 100% perfect. Immigration, was just too busy.

 

I was most impressed with their work ethic, working hard, and it in part (but not totally) made up for my waiting for hours.

 

I reads like there is a BIG improvement (based on your post) for year 2025, compared to the situation in previous years.  That is VERY good news if true all the time.

 

 

 

A question.

 

My British passport will expire at the end of March next year.

 

I have to extend my non-0 visa again in February 2026. (Retirement).

 

I think the passport has to have a years validity left before extending the passport?

 

How do I apply for a new visa while in Thailand?

 

How long does it take?

 

Can it be done online?

 

I suppose I then have to go with the old passport and the new passport to the immigration office and have the current visa extension put in the new visa.

 

Thanks in advance for replies. 

3 minutes ago, oldcpu said:

 

You experience in Phuket is mostly very different from mine - albeit mine was from 2019 to 2023.

 

I had ALL the paper work ready before.  It all was accepted, no extra copies needed.

 

Except ..

 

When I arrived around 10:30am in the morning (coming straight from the bank with my records) I was given a number for a queue.

 

I sat with a few dozen others outside in a hot sweaty environment (in those days there was not an indoor area for Type-OA/O 1-year extensions) before my paper work was even looked at.  

 

Then they took my paper work and I sat again outside in the hot sweaty area.  

 

Immigration was closing their doors, so they had me come inside the building where the type-O/OA visas were being processed. There were 4 chairs. There were 5 of us.  I stood for the first 20 minutes until a chair became available.

 

Then I sat and waited ... and waited.  The immigration office was closed for new people, but the Thai immigration staff were inside working hard, processing the paperwork. 

 

Finally at 18:30 they completed the work associated with my paper work (they did not even look at it for the longest time) and they opened the door so I could leave.

 

This scenario happened to me twice !! in different years.  In all cases my paperwork was 100% perfect. Immigration, was just too busy.

 

I was most impressed with their work ethic, working hard, and it in part (but not totally) made up for my waiting for hours.

 

I reads like there is a BIG improvement (based on your post) for year 2025, compared to the situation in previous years.  That is VERY good news if true all the time.

 

 

 

Yes, from 2025 we waited inside.

 

My first visa extension was in February 2023.

 

The procedure was similar to your experience above.

 

I arrived after 2pm intentionally as I missed the early morning rush, the papers were checked after about five minutes of waiting outside, it took one minute to check them, I was given a card with a number, twenty minutes later I was inside, documents  checked in a few minutes, I was given a time to come back the next day

 

I returned the next day at the appointed time, two minutes later I had my passport handed back to me.

 

That was my experience of 2023, 2024 and then the new office in 2025.

 

The office in 2025, I had to wait 10 minutes to get my documents pre checked, then wait in the office for 20 minutes, then in front of the officer for ten minutes, I went back the next day at the appointed time, as I went to the front desk I was handed the passport with a huge smile from the clerk,   the visa extension and the multiple entry visa was in my passport, done all at the same time.

 

It did cost an extra 700 baht 'service charge' to do them both together but was well worth it.

3 hours ago, oldcpu said:

So I get a sense a lot of the discussion is about those who barely qualify financially.

 

The view of BoI is that if one is not 'wealthy enough' to restructure one's finances to meet BoI's requirements, then they are not considered wealthy and they do not qualify for the LTR (despite these individuals being very close to qualifying).

As I assume you really do not know what the BoI internally thinks or does more than anybody else of us, all this is speculation.  I happily admit that neither do I, but more likely than not in my opinion the politicians and bureaucrats who set up the criteria for the LTR visa just had no clue that putting 100k USD untouchably on a savings account is considered a bad investment by many sophisticated investors.  And a bad investment does not become a better investment depending on one's wealth.  It is just badly designed.  Period.

 

 

 

 

1 hour ago, K2938 said:

putting 100k USD untouchably on a savings account is considered a bad investment by many sophisticated investors.  And a bad investment does not become a better investment depending on one's wealth.

Yes, locking up $100k in a savings acct may not be the best use of one's money if one is not very wealthy, or if one will need that money in the near future. But, for those who have several million in their investment portfolios, and don't ever need to spend that money, keeping $100k locked up in a high-yield savings acct may be a good investment strategy. Capital One Bank is paying 3.5% on their high-yield savings acct. I guess it really depends on how wealthy one is, or one's own financial situation.

 

I keep $100k in a high-yield savings acct so my wife will have some money to live on in case something happens to me. I can use that money instead of paying for the LTR insurance. It works out well for my situation.

4 hours ago, JamesPhuket10 said:

Yes that is what I do.

It takes one hour once a year at the local immigration office in Phuket.

All my forms are in WORD format and are already filled in on my computer, I just have to change the date on each form and that is that once a year, a fifteen minute job.

The 90 day reporting takes two minutes to do online and the TM30 about the same amount of time online.

The amount on deposit can drop to 400k and then I top it up with money from the UK via a Wise transfer two months before the visa extension is applied for, the rest of my money and assets stay safe in the UK under my control.

Simple and easy - I do the same and will be continuing to do so for the foreseeable future. 

I will switch to retirement (from marriage) shortly because the local Province we recently moved to does house visits for marriage.

I particularly like the fact that my money/investments is safe in my home country, and that Thailand knows nothing about them.

4 hours ago, oldcpu said:

So? If you read this thread, you will (or should) note that others have posted they succeeded to get the LTR visa endorsed by BoI without having tax records. They provided proof of their income by other means. 

I am talking about myself and why for me it does not work.  Why can you not accept that. 

5 hours ago, oldcpu said:

Expecting BoI to confirm (or deny) anything under a new Taxation system, where there is no such new taxation system, a confirmation from BoI is not going to happen.  🤣

I am clearly talking about the risk if/when Thailand changes to a global taxation system - that is when I would want the confirmation from TRD *and LTR holders too no doubt) - after that happens if/when it happens.  Risk Management is not about dealing only with what is here and now, but also about dealing with what could happen - especially that is likely to happen. I have already provided plenty of media links - the Thai Govt wants to move to global taxation from remittance only taxation, and TRD is working on it. 

5 hours ago, oldcpu said:

I think for many the LTR Health Insurance is a stumbling block.  And frankly, that is possibly THE criteria that for many means this is a WEALTHY pensioner or WEALTHY-global-citizen visa.  Emphasis on wealthy.

Well aren't you the WEALTHY one - how privileged you must feel - clearly superior to others less wealthy. 

 

I was once asked in Australia why I did not waste money on things, when I drove a ($130K) Mercedes CLK 280.  I replied that I drive a Mercedes CLK 280, BECAUSE I dont waste money. 

1 hour ago, K2938 said:

As I assume you really do not know what the BoI internally thinks or does more than anybody else of us, all this is speculation.  I happily admit that neither do I, but more likely than not in my opinion the politicians and bureaucrats who set up the criteria for the LTR visa just had no clue that putting 100k USD untouchably on a savings account is considered a bad investment by many sophisticated investors.  And a bad investment does not become a better investment depending on one's wealth.  It is just badly designed.  Period.

Well said mate - and you are spot on.  In my experience wealthy people have two things in common - they make smart decisions and they do not waste money.  Only those pretending to be wealthy, willingly throw money away.