Have I got this right or have I missed something????

 

For a one off payment of one million baht, I can get a 20 year visa (5 year renewable) that will allow me to come and go as I please with no re entry permit required, no 800,000 baht in bank or proof of pension, plus being met and assisted etc.

 

Too good to be true?

Not quite, Nick O'Teen.

 

2,000,000 Baht for 20 years + 20,000 Baht per year fee.

 

You can go for the Easy Access option.

 

500,000 Baht for 5 years with no fee.

 

You still need to comply with 90-day reporting.

 

Edit

 

Oops, sorry, you're right. There does now appear to be a 20 years for 1 million baht option called the Superiority Extension.

Edited February 8, 20179 yr by Briggsy

You've got it right. The only thing to note is that the visa is only issued for five years at a time. Although it should be automatically renewed every five years that will only happen so long as the scheme is still in place. It's government owned/backed so there's no reason why the scheme would be withdrawn, and if it were they should refund part of the upfront fee.

You've got it right, this is a relatively new membership option.

 

From what I understand, it was meant for frequent visitors and not retirees but due to not thinking it through, it seems to offer an excellent back door to retirement. No producing bank statements, no producing pension statements, no police checks etc.

 

Hope it holds good for a few more years.

3 hours ago, Flustered said:

From what I understand, it was meant for frequent visitors and not retirees but due to not thinking it through, it seems to offer an excellent back door to retirement. No producing bank statements, no producing pension statements, no police checks etc.

 

Hope it holds good for a few more years.

 

I couldn´t agree more....

 

When my METV expires later this summer my only decision will be between 500k for 5 yrs and 1mn for 20..... But if you def know you want to stay in TH for a very long time than, imho, the 1mn for 20 years, is a very interesting alternative to the other visa and extension options currently available.

13 hours ago, Flustered said:

From what I understand, it was meant for frequent visitors and not retirees but due to not thinking it through, it seems to offer an excellent back door to retirement. No producing bank statements, no producing pension statements, no police checks etc.

 

Hope it holds good for a few more years.

what fantastic value,50,000bht.per.yr.for back door retirement,which you have to do ONCE A YR.

but you still have to DO YOUR 90DAYS REPORT.

i would call that DAYLIGHT ROBBERY.

 

15 minutes ago, meatboy said:

 

i would call that DAYLIGHT ROBBERY.

 

I wouldn't :-)))

 

Ah, isn't that a great thing that "freedom

of choice"!? Having said that, at below 50 my personal choices appear much more limited than yours at the moment. 

20 minutes ago, meatboy said:

what fantastic value,50,000bht.per.yr.for back door retirement,which you have to do ONCE A YR.

but you still have to DO YOUR 90DAYS REPORT.

i would call that DAYLIGHT ROBBERY.

 

 

There is no getting away from the requirement to do a 90 day report as it's a matter of legislation. The requirement isn't the Elite company's doing.

 

Some people have had success using the 90 day online repoeting form, others (including me) haven't.

 

If you live in some areas the Elite staff will do your 90 day report for you. Just send your passport across to them - or take it yourself if you don't have a trusted messenger.

20 minutes ago, meatboy said:

what fantastic value,50,000bht.per.yr.for back door retirement,which you have to do ONCE A YR.

but you still have to DO YOUR 90DAYS REPORT.

i would call that DAYLIGHT ROBBERY.

 

136 bht a day is a real killer to stay here LEGALLY for 20 years with no immigration issues isn't it? Oh, and if the 90 day report is too hard for you, then Thailand Elite will take on that burdensome task and do it for you.....For free.
Personally, I would start saving up as it could very well be the future. 

28 minutes ago, meatboy said:

what fantastic value,50,000bht.per.yr.for back door retirement,which you have to do ONCE A YR.

but you still have to DO YOUR 90DAYS REPORT.

i would call that DAYLIGHT ROBBERY.

 

Elite will do your 90 day reports for you but you must still deliver and retrieve your passport but at least no queue.

13 hours ago, Flustered said:

From what I understand, it was meant for frequent visitors and not retirees but due to not thinking it through, it seems to offer an excellent back door to retirement. No producing bank statements, no producing pension statements, no police checks etc.

 

Hope it holds good for a few more years.

It's meant for frequent visitors AND for anybody wanting to live in Thailand on a long term basis.
From Thailand Elite page...... This “Privilege Entry Visa” is a multiple entry visa which is valid for five years - and is renewable as long as the Membership is valid. The Members are also granted an exclusive length of stay for each stay from regular 90 days to 1 year. Remarkably, the members can stay in the country like a Thai citizen. The extension of 1-year stay can be made every year without the usual need to cross the border - exclusively for this Thailand Elite’s Privilege Entry Visa.

i for one WOULD PAY for not having to travel to immigration 5times a yr.especially after having 2visits above,its only 20minute's drive to korat immig.and the 90days report is done in less that 5minutes.

as for the extension,that is no great shakes,one letter from the bank[the wife gets] every thing else is photo copies and not forgetting,

1,900bht.

50,000bht. HALF that amout might get me thinking.

3 minutes ago, meatboy said:

i for one WOULD PAY for not having to travel to immigration 5times a yr.especially after having 2visits above,its only 20minute's drive to korat immig.and the 90days report is done in less that 5minutes.

as for the extension,that is no great shakes,one letter from the bank[the wife gets] every thing else is photo copies and not forgetting,

1,900bht.

50,000bht. HALF that amout might get me thinking.

For 25,000 a year an agent would rip your your arm off to do everything for you, including your 90 day report. You would never need to go anywhere near an immigration office ever again.

14 hours ago, Flustered said:

From what I understand, it was meant for frequent visitors and not retirees but due to not thinking it through, it seems to offer an excellent back door to retirement. No producing bank statements, no producing pension statements, no police checks etc.

 

Hope it holds good for a few more years.

for the unders 50's it is a good idea,and for those who love the playboy life.

but what about the OVER 70's who have done all that and now want to put their feet up.

i am not prepared to put up that kind of money with NO GUARANTEE.

16 minutes ago, meatboy said:

for the unders 50's it is a good idea,and for those who love the playboy life.

but what about the OVER 70's who have done all that and now want to put their feet up.

i am not prepared to put up that kind of money with NO GUARANTEE.

 

The money you use to pay for things has no guarantee either (the same as in most countries) but I'm guessing you use it/save it. The only guarantee is that money is issued by governments.

 

Thailand Elite is issued in conjunction with a goverment too.

 

Even if the government said "we guarantee" the duration of your visa, what difference would it make? A successive government could change their mind.

17 minutes ago, meatboy said:

but what about the OVER 70's

It´s the same old arguments over and over again.... LOL..... But as for the over 70ies, yes, I actually do agree with you that signing up for a 20 years membership might potentially be not the wisest decision. ;-) But then again, they can easily go down either the Non-O route or sign up for a 5 years TE membership. You see, it is about CHOICE, nothing else. 

 

So many people who cannot or do not want to pay for TE always seem to get emotional and agitated whenever the topic comes up. It´s quite funny actually!

40 minutes ago, DUS said:

It´s the same old arguments over and over again.... LOL..... But as for the over 70ies, yes, I actually do agree with you that signing up for a 20 years membership might potentially be not the wisest decision. ;-) But then again, they can easily go down either the Non-O route or sign up for a 5 years TE membership. You see, it is about CHOICE, nothing else. 

 

So many people who cannot or do not want to pay for TE always seem to get emotional and agitated whenever the topic comes up. It´s quite funny actually!

Yes it is funny to see you pay 1 million bhat for a "tourist visa " from TE.

Unless you are 30 and ready to commit to live in thailand for the next 20 yrs I think this visa is not worth it.

 

I have an extension based on Business. Last year it took 8 visits to immigration by one of my staff to get my submission accepted. The pile of documents was 2.5 centimetres thick.

 

This is on top of the special procedures our staff have to do each month to obtain the relevant evidence I will need for my submission.

 

It is just painful. If I could have a work permit with the Elite visa I would - however, sadly, it is not possible.

14 minutes ago, paul18620 said:

Yes it is funny to see you pay 1 million bhat for a "tourist visa " from TE.

 

Well, I haven´t (yet?) but if it provided entertainment to you if I did then I guess you might want to thank me for it..... LOL 

 

#JOKING #TAKEADEEPBREATH

2 minutes ago, blackcab said:

I have an extension based on Business. Last year it took 8 visits to immigration by one of my staff to get my submission accepted. The pile of documents was 2.5 centimetres thick.

 

This is on top of the special procedures our staff have to do each month to obtain the relevant evidence I will need for my submission.

 

It is just painful. If I could have a work permit with the Elite visa I would - however, sadly, it is not possible.

 

Agreed!

19 minutes ago, Caca4u said:

Unless you are 30 and ready to commit to live in thailand for the next 20 yrs I think this visa is not worth it.

 

But that´s exactly the moot point in this tiring discussion since the inception of TE, this whole "It is worth it" vs "It isn´t worth it" argument. 

 

The "value" of TE is measured differently by every single person, so you might say "It is not worth the money FOR ME" and there´s nothing to say against that. But If I started to comment on every single product available on the market that FOR ME isn´t worth any money then I´d be typing messages 24/7. And there is no point in doing that so to say "It is worth it" or "It is not worth it" is imho a moot point. And it is irrelevant to the OP´s actual question in #1. But I admit, there can never be a simple question about TE without the bashers and supporters of this OPTIONAL visa coming out in force. LOL. 

Edited February 9, 20179 yr by DUS

50 minutes ago, paul18620 said:

Yes it is funny to see you pay 1 million bhat for a "tourist visa " from TE.

It won't be as funny as seeing you and your serial border running mates denied entry in the near future. 
We all know by now you cannot afford the TE visa. No need to keep on an on about it.

3 hours ago, Lovethailandelite said:

For 25,000 a year an agent would rip your your arm off to do everything for you, including your 90 day report. You would never need to go anywhere near an immigration office ever again.

 

Oh really.. Care to explain how that works for the under 50s ?? 

 

 

2 minutes ago, LivinLOS said:

 

Oh really.. Care to explain how that works for the under 50s ?? 

 

 

It was for the benefit of meatboy who is over 70 and said he would pay 25000 a year if he never had to go to immigration 

You still have to do the 90 day report

5 minutes ago, everett kendall said:

You still have to do the 90 day report

I know. It's hard taking an hour out of your day every 3 months to do it yourself, or put it in an envelope and  post it or even ask TE to do it for you.

6 minutes ago, everett kendall said:

You still have to do the 90 day report

 

Noooo! Reeeeeeeeaaaaally!? 

 

;-))))

Several off-topic troll posts and replies have been removed from this thread.