800k Not In the Bank Method

[Packer]

8 hours ago, proton said:

 

Agents pass on expensive bribes, not needed

 

14,000 per year is not expensive, to most people, especially when the 800,000 invested in a basic asset returns more than this per annum. 🙂

[scubascuba3]

1 hour ago, flexomike said:

If he would have had his financials correct he would never have started this post.

Some people change their mind, agent vs own financials, op just said he dipped below

[Liquorice]

2 hours ago, Packer said:

Nothing at the moment as I haven't set up a retirement visa and extension yet. When I do I will likely pay 14,000 a year with no need to show the 800,000 funds, which will instead be invested in assets that return far more than the 14,000.

Curiosity, but which Province do you intend to reside in?

Which Provincial Immigration office will issue the extension?

[DrJack54]

Off topic posts removed

[gk10012001]

20 hours ago, Packer said:

 

Agents are cheap. 800k is not needed. 🙂 

how cheap?  Is it a one time fee or when the next year extension comes do you pay again?  what does the agent do?  Do they put 800,000 baht in an account for you?  what do the agents do that makes immigration rules satisfied about the financials?

[Rob Browder]

18 hours ago, scubascuba3 said:

I've already posted previously about this and i recall someone else did.

 

All you need to do get the financials correct for a transitional period, so for around 13 months prior to extension renewal financials are as per the rules. Immigration are not going to complain you used an agent the year before, why would they? they are happy people using agents

If you switch offices, and the new office is jealous, thinking some other office got "their" agent-money, they sometimes make issues - demanding to see the last extension's bank-proofs.  CW applicants have reported this when moving from Jomtien and Samut Prakan, in recent threads I recall.  They literally call their fellow IOs in other offices criminals, while running the same scams in their own office. 

 

But, I don't recall what you describe being reported as a problem when using the same office, with one exception: A Non-O-90-day + 1-year-extension stamped in your passport without ~60-days in between them.  Both stamped within a week or two is obviously agent-work.

[Packer]

5 hours ago, gk10012001 said:

how cheap?  Is it a one time fee or when the next year extension comes do you pay again?  what does the agent do?  Do they put 800,000 baht in an account for you?  what do the agents do that makes immigration rules satisfied about the financials?

14,000 as opposed to 1,900 every year, but no need to put or keep 800,000 in a low interest Thai bank, which can then return far more than the low fee. Extension is at the officer's discretion, agents will know them personally 🙂 So many Westerners are old, smelly, rude and stupid, little wonder the officers prefer to deal with Thai go-betweens. 🙂 With all the copies of this and that, and going here and going there, only a real dunderhead would do all that just to actually lose money. 🙂