Hi,

 

I mean they require minimum age for retirement and wealthy pensioner visas. Why is that so? Why can't people retire much younger? Or why do they assume you have to be a certain age to be wealthy?

 

There are many young people who don't have to work or young people who have enough money to do whatever they want.

 

Are these requirements based on the archaic work life where people used to retire at 65 or above? I mean these jobs still exist but there are also a ton of new tech jobs where people stop working on 30-40s to do other things.

 

Why doesn't immigration recognize this?

 

 

Thanks in advance.

There is an elite visa for young and wealthy retirees.

18 minutes ago, timoti said:

Are these requirements based on the archaic work life where people used to retire at 65 or above?

Anyway, the minimum age for the retirement visa in Thailand is 50, so they do recognize the fact that people can retire at an earlier age than the normal 65.

Edited October 24, 20223 yr by JoseThailand

52 minutes ago, timoti said:

Or why do they assume you have to be a certain age to be wealthy?

Wealthy people of any age can buy an 'Elite' VISA.

If you can't afford it, you ain't wealthy.

Edited October 24, 20223 yr by BritManToo

Two is hardly "many" visas.

 

Even trolls count "one, two, many, lots"

 

https://discworld.fandom.com/wiki/Troll

 

And why does the Non-O based on being married exclude people who aren't married? Don't immigration realize that being married is a state of mind? 

55 minutes ago, timoti said:

Are these requirements based on the archaic work life where people used to retire at 65 or above? I mean these jobs still exist but there are also a ton of new tech jobs where people stop working on 30-40s to do other things.

 

Why doesn't immigration recognize this?

Well IMHO the new BOI Visas cover all reasonable cases. The Wealthy global citizen doesn't have an age limit. The criteria are:

1. At least USD 1 million in assets

2. Personal income of a minimum of USD 80,000/ year in the past two years

3. Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property

4. Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit.

One couldn't imagine anyone age 40 thinking to retire with anything less than that.

19 minutes ago, Myran said:

And why does the Non-O based on being married exclude people who aren't married? Don't immigration realize that being married is a state of mind? 

You can use Non-O for retirement not just being married.

1 hour ago, timoti said:

Why is that so?

Why not?

Don't expect any logic in Thailand. That makes life so much easier.

2 hours ago, Boomer6969 said:

Well IMHO the new BOI Visas cover all reasonable cases. The Wealthy global citizen doesn't have an age limit. The criteria are:

1. At least USD 1 million in assets

2. Personal income of a minimum of USD 80,000/ year in the past two years

3. Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property

4. Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit.

One couldn't imagine anyone age 40 thinking to retire with anything less than that.

I didn't know this but investing half a million in the country breaks the deal. Some people prefer to stay liquid or have assets in stocks, crypto, etc.

19 minutes ago, timoti said:

I didn't know this but investing half a million in the country breaks the deal. Some people prefer to stay liquid or have assets in stocks, crypto, etc.

If one wants to live somewhere why wouldn't they invest in some way or another

 

https://ltr.boi.go.th/index.html#what

19 minutes ago, timoti said:

I didn't know this but investing half a million in the country breaks the deal. Some people prefer to stay liquid or have assets in stocks, crypto, etc.

Well, 500000 is only a modest condo in Bangkok, gotta sleep somewhere mate.

3 hours ago, BritManToo said:

Wealthy people of any age can buy an 'Elite' VISA.

If you can't afford it, you ain't wealthy.

600,000 baht hardly rich people really. 

2 hours ago, Kopitiam said:

You can use Non-O for retirement not just being married.

And I specifically referred to doing it by marriage. Try to keep up, buddy.

 

15 hours ago, timoti said:

There are many young people who don't have to work or young people who have enough money to do whatever they want.

 

Thailand is one of the very few countries which does allow this..... 

 

Pay for a Thai Elite Visa... you can stay for 20 years !!.....  (or if you joined early enough, the rest of your life).....

 

11 hours ago, timoti said:

I didn't know this but investing half a million in the country breaks the deal. Some people prefer to stay liquid or have assets in stocks, crypto, etc.

It's not an investment... its a payment (Thai Elite)

600,000 for 5 years.... and upwards to 2 million baht for 20 years with perks. 

 

If someone is ‘wealthy enough to do what they want’....  and they want to stay in Thailand, this is not an issue 

If they can’t pay that, they are clearly not wealthy enough to do what they want and are therefore likely to be looking to source income through other means...  balance of probability, they are going to live and work here illegally. 

The elite visa is worth it if you know you will be in Thailand for most of the year. For people who only stay in Thailand around 6 months in a year it is not worth the money. Then if circumstances change in a year or 2 where you need to go back to your home country for various reasons then it becomes a waste of money.

 

So while I agree the visa is great for people who plan to stay the entire year there's really not very many good options for people who only stay 6 months per year. 

Where are all these many young people 30 and 40 years old that can retire, having such wealth they can financially sustain themselves for 40 subsequent years?  With that kind of wealth, they certainly are not retiring to Thailand!

12 hours ago, Myran said:

And I specifically referred to doing it by marriage. Try to keep up, buddy.

think of it this way. Being married to a Thai, is expected you to support some Thai people. 

Why are visas on arrival only available at entry points?

I can drive safely most of the time, going 50 in a 35 - - but in my home country, they give you a hefty fine for doing it... 

 

That is just how it is - we understand and either abide or pay the fine...

 

What amuses me is when people come from other countries where they accept the laws and come here and have problem doing the same... why do people come to another country, another culture and question the laws? 

35 minutes ago, ardsong said:

think of it this way. Being married to a Thai, is expected you to support some Thai people. 

funny, my wife in USA thought the same thing

16 hours ago, OneMoreFarang said:

Why not?

Don't expect any logic in Thailand. That makes life so much easier.

I agree 200%.

45 minutes ago, 1FinickyOne said:

I can drive safely most of the time, going 50 in a 35 - - but in my home country, they give you a hefty fine for doing it... 

 

That is just how it is - we understand and either abide or pay the fine...

 

What amuses me is when people come from other countries where they accept the laws and come here and have problem doing the same... why do people come to another country, another culture and question the laws? 

Because in Thailand there are 2 laws, one for the Thai, they can do whatever they want without being afraid of repercussion, if you are a farangs get your wallet ready.  I don't know how many times I went thru road blocks and they told me I was speeding, no radars of course, I gave them 200Bahts and they let me go.  How many Thais are driving under age, no permit.  One time the cop was giving a ticket to a farangs for not wearing a helmet on his motorbike, in the meantime, his body the cop was stopped at the red light, no helmet.  You wouldn't see that in my country or any civilized country.  

4 minutes ago, Gerard052 said:

the Thai, they can do whatever they want

That is not even close to the truth... 

 

In CM [and other areas where there are nearly no farang] there are check points full of Thai being fined for not having helmets... 

Edited October 25, 20223 yr by 1FinickyOne

5 minutes ago, Gerard052 said:

Because in Thailand there are 2 laws, one for the Thai, they can do whatever they want without being afraid of repercussion, if you are a farangs get your wallet ready.  I don't know how many times I went thru road blocks and they told me I was speeding, no radars of course, I gave them 200Bahts and they let me go.  How many Thais are driving under age, no permit.  One time the cop was giving a ticket to a farangs for not wearing a helmet on his motorbike, in the meantime, his body the cop was stopped at the red light, no helmet.  You wouldn't see that in my country or any civilized country.  

utter nonsense

4 hours ago, Jerno said:

Where are all these many young people 30 and 40 years old that can retire, having such wealth they can financially sustain themselves for 40 subsequent years?  With that kind of wealth, they certainly are not retiring to Thailand!

I don't think that's any surprise.

If you are really "wealthy" you can live anywhere in the world. 

5 hours ago, Jerno said:

Where are all these many young people 30 and 40 years old that can retire, having such wealth they can financially sustain themselves for 40 subsequent years?  With that kind of wealth, they certainly are not retiring to Thailand!

I have a friend here from the UK.  He's 21 with a net worth of around 3 million GBP from crypto. 

He rents a condo in Bangkok for 150K THB per month and is here on a tourist visa.  When his visa is up, he leaves for a month or more to travel to other countries and has no issue getting another tourist visa when he comes back to Bangkok. 

That is also what I did before I turned 50.   3 weeks here, 1 week in Singapore. 3 weeks here, 1 week in Hong Kong. etc

Easy to do if you are young and have cash.

16 hours ago, timoti said:

I didn't know this but investing half a million in the country breaks the deal. Some people prefer to stay liquid or have assets in stocks, crypto, etc.

Half a million what ? If half a million Thai baht that doesn't amount to much against most other currencies.

3 hours ago, 1FinickyOne said:

I can drive safely most of the time, going 50 in a 35 - - but in my home country, they give you a hefty fine for doing it... 

 

That is just how it is - we understand and either abide or pay the fine...

 

What amuses me is when people come from other countries where they accept the laws and come here and have problem doing the same... why do people come to another country, another culture and question the laws? 

I think you sum it up succinctly, also a fifty year old Thai male couldn't arrive in Australia visa exempt and as long as he kept

800,000 baht  in the bank stay there I definitely. 

I cannot think of any other countries it would happen either.