LTR Investment Suggestions

[JB300]

Currently I “Earn” (Passive Income) approx $45K pa and would like to go for the LTR Visa. 
 

Feb next year I can add another $46K pa (Pension at 60)  so would be able to meet the $80K income criteria but I don’t want to wait 2 years until I have all the paperwork in place. 

 

In the early days of the LTR I read reports of guys being in a similar situation  & got their LTR based on previous income + future pension numbers rather than having “Earned” $80K for the past 2 years - is this true? 
 

If I can’t do that, what are my options for investing the 10Million I need to invest.
 

I’ve got my eye on a Condo that’s 14.5 Million but that would have to be in the GF’s name (16.5 in my name) so pretty sure it wouldn’t count. 

 

Any thought on what my options are?
I’ve seen another condo I can buy in “Foreign” name for 9M but what do I do for the other 1M? 
 

 

[DrJack54]

Get a DTV. 

Plenty of folks on annual extensions based on retirement.

Monthly transfers of 65k 

[JB300]

25 minutes ago, DrJack54 said:

Get a DTV. 

Plenty of folks on annual extensions based on retirement.

Monthly transfers of 65k 

I already (> 10 years) have a Non-IMM O, don’t want to “downgrade” to an DTV? 
 

I want an LTR for Tax reasons… being polite, I don’t need any advice on any other visa options… I’m already sorted,👍🏻
 

But thanks for your post 👍🏻
 

 

[BrandonJT]

Did you even bother to go to the LTR website and look at the qualifications?  It clearly states if you don't meet the 80,000 figure but at least 40,000 you can then make an investment of at least 250k to qualify for "Wealthy Pensioner" category.

 

Regardless, this is not where you should be asking questions. You should be doing your own research and then contacting the BOI with any questions. Because anything anyone tells you doesn't matter. The BOI makes all determinations and all decisions about the LTR. They are responsive to questions and their answers are the only ones that matter.

[JB300]

11 minutes ago, BrandonJT said:

Did you even bother to go to the LTR website and look at the qualifications?  It clearly states if you don't meet the 80,000 figure but at least 40,000 you can then make an investment of at least 250k to qualify for "Wealthy Pensioner" category.

 

Regardless, this is not where you should be asking questions. You should be doing your own research and then contacting the BOI with any questions. Because anything anyone tells you doesn't matter. The BOI makes all determinations and all decisions about the LTR. They are responsive to questions and their answers are the only ones that matter.

I asked the question because as I said, other posters in the past (couple of years ago) said they were able to get an LTR with >$40k annual income & the promise of future pension income

 

The official site suggests I need to have $80K passive income for at least 2 years hence me asking about investing 10Million options. 
 

I’ve done a lot of research, but there’s nothing better than real world examples. 
 

Here’s stupid me thinking that asking for advice like this is what this forum is for… 

[Caldera]

20 minutes ago, JB300 said:

I asked the question because as I said, other posters in the past (couple of years ago) said they were able to get an LTR with >$40k annual income & the promise of future pension income

 

The "promise" of future income doesn't matter. You can qualify with $40k/yr income plus an investment. Which is what you have in mind, just why you mention 10 million baht is a mystery (it's $250k).

[JB300]

3 minutes ago, Caldera said:

 

The "promise" of future income doesn't matter. You can qualify with $40k/yr income plus an investment. Which is what you have in mind, just why you mention 10 million baht is a mystery (it's $250k).

I understood it to be that I if I couldn’t meet the $80K number, then I needed to invest 10Million THB

 

if it’s $250K, then that’s more like 8.4 Million THB 👍🏻

[JB300]

not worth it…

 

 

[JB300]

deleted 

[DrJack54]

Offensive post removed

[JB300]

i think we’re done here@DrJack54

[DrJack54]

There are many threads on Aseannow that discuss LTR. 

Here is one example. 

https://aseannow.com/topic/1328779-ltr-visa-how-long-does-it-take-from-applying-to-decision/

 

That thread touches on

use of an agent. That can be done for advice alone or more. 

I looked into it for myself however the option of income alone 80usd per annum was not suitable.