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Posted
3 hours ago, mudcat said:

Rouge is what your maiden aunt colored her cheeks with.  Think you mean Rogue as in the Nissan SUV and other miscreants.

 

Or the third opus of Kieślowski's trilogy, 100% on rotten tomatoes.

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Posted

Below is an 16 Nov 2022 article from the Australian-Thai Chamber of Commerce blog webpage....lists various ways to stay long term in Thailand ordered from the most familiar to more unconventional options.  The article lists the LTR visa as #3.   #2 is a Non-O Marriage visa and #1 a Non-O Retirement visa.  Of course what each individual sees as best suiting their needs & desires will vary from individual-to-individual.

 

https://www.austchamthailand.com/6-ways-to-stay-in-thailand-for-the-long-term-and-how-to-decide-which-is-best-for-you/#

 

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Posted

How do one obtain information , i.e. interest yield / maturity of 

recent new series of Thai government bond offering ,

I want to purchase THB Government bonds 

In Bangkok bank ? Thanks 
 

 

Posted
1 hour ago, Alotoftravel said:

How do one obtain information , i.e. interest yield / maturity of 

recent new series of Thai government bond offering ,

I want to purchase THB Government bonds 

In Bangkok bank ? Thanks 
 

 

As noted in this thread ... buying Thai government bonds is not easy.  At least it was not easy for me.

 

Initially I investigated to see if I could purchase Thai governments on a secondary market, but I could not find an institute via which I could so such.

 

Then in early December last year my Thai wife and I learned of a new Thai Government bond offering being available soon.   We saw this advertised on the Internet and I received email/notifications from Bangkok Bank.

 

I have accounts with Bangkok Bank and Krungsri Bank and we went to both banks to see if I could participate in the new offering and try to buy bonds there.  My Krungsri bank branch had nothing setup (yet) for a foreigner to buy Thai government bonds in a new issue, but we were advised by our Bangkok bank branch it was possible, if I could prove my residency (specifically via a yellow book) and if I had a pink-Thai-ID card. 

 

Honestly?  I am not convinced that is necessary (as I do NOT think it needed), but in my case, it satisfied the Bank branch manager and I had no further need to research this further to satisfy the yellow-book/pink-ID detractors.  I am confident one of them will research this far better than myself, and show how this can be done without needing such (ie not needing yellow-book/pink-ID) ... so maybe just stay tuned until one of them does so.

 

When talking to the Bangkok Bank staff, we learned that this Bond issue would be handled differently than the past (and I posted on this previous) where instead of the big financial institutes getting 'first dibs' on the bonds, and hence none left for the 'little guy' / small buyer ... We were advised that for the 10-year term bond, priority would be given to the small bond purchaser (where 2-million Thai baht bond purchase is small compared to the big financial institutes that purchase such).  .... We were thou told that the 7-year term was only available for financial institutes ... we did not try to verify if that was correct.

 

Still - I see it was a gamble in saying I wanted to buy 2-million Thai baht of government bonds, as it was entirely possible I would have ended up with only 500,000 THB of Thai government bonds, which would have been problematic to prove I had the appropriate investment in Thailand (when combined with the value of my Thai real estate purchases).  Fortunately, I obtained the amount of bonds that I requested .... likely because interest rates are expected to go up, at which time the face value of the bonds will decrease and only come back to par at maturity - hence less people are interested to buy bonds at present time.

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Posted
6 minutes ago, lextsy said:

Quick update:

Went to thai embassy Sydney to do my visa today.

Steps:

1) get letter from BOI and print out

2) Fill in this form (https://image.mfa.go.th/mfa/0/mEsUwBHzx5/เอกสาร/Visa_application_form_as_of_4_April_2022.pdf) and print out

3) Go to thai embassy (no booking required for LTR) with BOI Form, visa form (No input for LTR but leave blank) and passport.

4) Go to information, tell them LTR and get ticket to wait in line

4) Give paper to agent and pay fee ($3045 INC Fees)

5) Get slip to pick up in under a week

6) Go to thailand

A little more than 50k THB it appears for out of the country attainment. Wonder why when your just dealing with a consulate or embassy which is linked to Thailand.

Posted
56 minutes ago, ThailandRyan said:

A little more than 50k THB it appears for out of the country attainment. Wonder why when your just dealing with a consulate or embassy which is linked to Thailand.

Yea, $3045 AUD works out to about Bt70K THB.   But I expect Thai embassies/consulate have to cover a major part of cost of operations in foreign countries based on fees vs the Thai govt covering all costs.  And cost of operations/living in each country can vary a lot. 

 

Like U.S. Embassies/Consulates around the world "by U.S. law" must cover a major portion of certain services like many services to U.S. citizens and foreigners based on fees and not funding direct from the U.S. govt.   Like charging $50 USD for each document you need notarized.....you are basically helping to pay for that manpower position, salary of that person, benefits, housing, etc.....and all of that does get expensive.   

 

I expect the Thai govt follows a similar policy in ensuring people needing service at a Thai embassy/consulate foot a lot of the bill to keep that embassy/consulate running for various services.

 

 

Posted

I did consider doing the visa in thailand for 50k baht but when my 50kg on luggage i usually hop into a car for 1000b to my condo in pattaya i would need to get a taxi to a hotel for a night or 2, a night out in cowboy / nana and then a taxi down to pattaya would end up costing me 10k. Happy to seal the deal and get my visa ASAP.

I can also see when the AUD Drops, the value becomes better to do it at home.

Posted
10 minutes ago, Pib said:

Yea, $3045 AUD works out to about Bt70K THB.   But I expect Thai embassies/consulate have to cover a major part of cost of operations in foreign countries based on fees vs the Thai govt covering all costs.  And cost of operations/living in each country can vary a lot. 

 

Like U.S. Embassies/Consulates around the world "by U.S. law" must cover a major portion of certain services like many services to U.S. citizens and foreigners based on fees and not funding direct from the U.S. govt.   Like charging $50 USD for each document you need notarized.....you are basically helping to pay for that manpower position, salary of that person, benefits, housing, etc.....and all of that does get expensive.   

 

I expect the Thai govt follows a similar policy in ensuring people needing service at a Thai embassy/consulate foot a lot of the bill to keep that embassy/consulate running for various services.

 

 

Makes sense. When I visited the US this past February I had to have documents notarized and it was onoyb$25 in country while here, before I left it was $50 per document as you said. I forgot that the embassies and consulates need to make money in order to keep operating. It's no wonder they stopped some services.

Posted

 

I see the LTR issue fee for the Thai Embassy in London is 1,500 pounds/approx Bt60K. (1st snapshot below)

And the LTR issue fee for the Thai Consulate in New York City is 1,600 USD/approx Bt54K. (2nd snapshot)

And per lextsy's post posts above the Thai Consulate in Sydney is 3045 AUD/approx Bt70K.

 

Yeap, governments all too often use fees to fund a major part of embassy/consulate operations & services in other countries....and those fees can vary form country-to-country vs being a standard fee.

 

Thai Embassy in London LTR Fee

image.png.3172fd2146262320f9ef1f99d4688aa7.png 

 

Thai Embassy at New York City LTR Fee

image.png.4f48221cc65839d59300721f0f17e192.png

 

 

Posted
40 minutes ago, Pib said:

 

I see the LTR issue fee for the Thai Embassy in London is 1,500 pounds/approx Bt60K. (1st snapshot below)

And the LTR issue fee for the Thai Consulate in New York City is 1,600 USD/approx Bt54K. (2nd snapshot)

And per lextsy's post posts above the Thai Consulate in Sydney is 3045 AUD/approx Bt70K.

 

Yeap, governments all too often use fees to fund a major part of embassy/consulate operations & services in other countries....and those fees can vary form country-to-country vs being a standard fee.

 

Thai Embassy in London LTR Fee

image.png.3172fd2146262320f9ef1f99d4688aa7.png 

 

Thai Embassy at New York City LTR Fee

image.png.4f48221cc65839d59300721f0f17e192.png

 

 

For consistency and planning, instead of having the local currency price change with currency fluctuations, I think they just set the price once in the local currency. 

 

As an example, here's the USD price translated into Thai baht on the day the program started, the day I paid for my LTR e-visa, and today:

 

image.png.4d467d2eedb9d518c445e928d46b93f3.png

 

Different currencies will have moved against the Thai baht at different rates since the program opened.

 

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Posted
52 minutes ago, pepper402 said:

Approved!  For the second time...  My first application submitted early September was approved, but I got a new Passport and was unable to upload my new Passport, and BOI claimed there were technical problems and couldn't revise my approval letter with my new Passport number.  I was told to submit a new application with my new Passport information.   My second application was submitted Nov 8 and finally (after several phone calls to BOI) approved yesterday Jan 5.  Good luck to everyone still trying to get their LTR.

Excellent news. 

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Posted

Still beaming from my recent LTR approval, I created an account with these guys:   https://www.thaievisa.go.th/  I had to upload Passport, drivers license and other information and proceeded to payment ($1,600).  I failed...   I tried several credit cards - all of them declined.  I talked to the fraud department at Fidelity Visa who told me that they could not override/approve this purchase because the recipient was a high risk / high fraud user.  Any suggestions on how I can pay for my e-visa?  Hopefully the website is legit and I didn't just give a fraudster all of my information.

Posted
1 hour ago, pepper402 said:

Still beaming from my recent LTR approval, I created an account with these guys:   https://www.thaievisa.go.th/  I had to upload Passport, drivers license and other information and proceeded to payment ($1,600).  I failed...   I tried several credit cards - all of them declined.  I talked to the fraud department at Fidelity Visa who told me that they could not override/approve this purchase because the recipient was a high risk / high fraud user.  Any suggestions on how I can pay for my e-visa?  Hopefully the website is legit and I didn't just give a fraudster all of my information.

Do you happen to have a debit card you could try? The e-visa payment system "World Pay" administered by KBANK is notoriously awful.  I had similar difficulty with it trying to pay for NonB e-visas in the past, and the payment problems continued when I tried to pay for the LTR e-visa.  Multiple credit cards failed due to "suspected fraud". Even a KBANK debit card failed, and you'd think KBANK would accept their own payment system. The only thing that finally would work was a USD debit card.

 

If you don't use debit cards, my best suggestion is to try contacting the LTR e-visa issuer (is it a consulate or other?) and report the problems in making payment.  I found NY consulate in the US was very helpful when communicating by FB message.   Then try calling BoI directly.

 

Sorry I don't have any better ideas.  Feel the joy in the approval, and the pain in the payment system.

 

 

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Posted

This is just a curiosity question at this time, but for you LTR holders whose online acct shows Complete (like in the 1st snapshot below) because you have the LTR inked into your passport "is there any menu/selection in your online acct to "submit another application?"  Now if I click the LTR menu I get the popup message shown in the 2nd snapshot which says "Your LTR Application Is In Process."   Maybe I get this popup because I didn't request a Work Permit.  

 

Like say it was almost 5 years later and it was time for the LTR mid-point/5 year renewal process and assuming another application (maybe a full application, maybe a mini application if BoI decides such) how could a person start another application from within there current online acct?  I just don't see any place to do it.

 

image.png.2a6612bcd8b636c4c97518afef901d64.png

 

 

 

image.png.06bbabd0e61bea772a6af7a154f09c6d.png

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