WOW..you guys just go on and on, following the rabbit who led you down this rabbit hole.
If any of you follow the news dailey and made references of all that has passed in the last 90 days, then you may have a clue to where this "garbage you are peddeling" is taking you.
I have 3 reasons why your junk is garbage, and I will tell you in a couple days. Right now, you guys make me laugh, so I want to hear from you "Mister Think He Knows Everything"
State your stuff...........

DuiDui wrote:The info i have at the moment is actually NOT 1x10 year,it's 2x5 year...But maybe i'm wrong for the first time in my 58 years

Have a good one today..

I did understand that it will same as corrent NON-OA, but period is longer. Valid 5 years and every time you come in, you get 5 years stamp. Like now with one year OA visa gives one year every time you come to country. It is one year visa, but gives two years.

Loophole is that with visa you are not getting any grandfatherin, but with extension you will get.

"However, it has still yet to be made clear whether the 10-year “long-stay” visa will replace the existing one-year visa option, or become an additional visa option for people wanting to stay in the country long-term.
Read more at http://www.thephuketnews.com/phuket-imm ... dgfZPKJ.99"

Maybe a light at the end of the tunnel for those who want to stay on a one year

Can't see the one year retirement visa being scrapped else most would not meet the requirements and leave los.it seems the more money you have the longer they want you here.wouldnt liked to of paid for the Thailand elite visa thing and they come out with this scheme.

Charlieb wrote:I see where the price is 10,000 Baht. I wonder if that is a single or multi-entry visa? If single how much would the multi-entry cost?

It is a multi

at a guess all ,with still having to report, its just retirement visa but with a 5 year date on it instead of 1 year. but as I said the only problem is with 3,000,000 sat in the bank you better hope the baht never ever changes value, if it gets stronger than it is you make money but your pension shrinks, if the baht weakens you watch real value of your savings shrink. someone I know thought about bringing cash over last year, I didn't because he was waiting , and it just got stronger, at the last count he realised if he bought it over now it would be 400,000 less than just over a year ago. if you do go for one and even a swing over the year of 10% will cost 300,000 or so in losses. basically your buying 3 mil of expensive money , American interest rates can only go up and WHEN that happens you can watch the value of you cash go down faster than a nana plaza ladyboy. but if you intend to just spend it in Thailand I suppose the best way would to stop your pension being sent and just live off the 3,000,000 until its gone, but that's after you risk it sitting in an account for a year first. or just stick to what you already have.
one thing I wondered about is can Americans just do the sign to say they have the money ?

papafarang wrote:at a guess all ,with still having to report, its just retirement visa but with a 5 year date on it instead of 1 year. but as I said the only problem is with 3,000,000 sat in the bank you better hope the baht never ever changes value, if it gets stronger than it is you make money but your pension shrinks, if the baht weakens you watch real value of your savings shrink. someone I know thought about bringing cash over last year, I didn't because he was waiting , and it just got stronger, at the last count he realised if he bought it over now it would be 400,000 less than just over a year ago. if you do go for one and even a swing over the year of 10% will cost 300,000 or so in losses. basically your buying 3 mil of expensive money , American interest rates can only go up and WHEN that happens you can watch the value of you cash go down faster than a nana plaza ladyboy. but if you intend to just spend it in Thailand I suppose the best way would to stop your pension being sent and just live off the 3,000,000 until its gone, but that's after you risk it sitting in an account for a year first. or just stick to what you already have.
one thing I wondered about is can Americans just do the sign to say they have the money ?

How about moving to Thailand? Need a house/condo and car. Together a reasonable value would be at leat 3 million. First year have to spend using rental alternatives, but we all recommend that -I believe.

So, move to Thailand, have 3 million in bank account and live one year. Then decide to stay and buy a house and car.

What is the problem? I can not see any problem with that.

I hope that people understand this, but it is this situation simplified.

Please read all advice to newcomers and how to process. Then compare all advices to new rule and... =D>

simple problem , the baht is sky high in value, just like the guys that bought gold at 27,000 baht are now valued at around 20,000 baht.
now not saying the visa has no merit. best scenario
50 years old
no health issues
put the 3,000.000 in the bank just a year ago @54 baht to a pound your laughing = 55,555 pound
but
50 years old
existing medical condition, so either extremely high insurance, and likely not enough coverage
put the 3,000,000 in the bank today @44.4 you would cry = 67,567 pound.

so given the baht is high, unless you expect it to get stronger against all currencies. the bets on it going back down, even going back to where it was a year ago you would be kissing 12,000 pound sterling good bye .

or put simply its a good deal for those already there with the money stashed ,that are in good health and have no need for the idle cash, so you wait a year, buy a car, buy a house for some lady ... and in another 5 years transfer another 3,000,000 over...buy a new car and another house for another lady. if you live for another 20 years you would end up with 4 ex wives, and 4 houses that you don't own , and the true benefit, well you still report every 90 days , but all of this would save you filling out a form once a year. risk your life savings or fill out a form once a year ?

OK Guys, seems most here are speaking the "Pros" of this 10 yr Visa, so I want to give my "cons", do with them whatever you want.
1. About 3-4 months ago there was an article in Bangkok Post saying the Thai Government is looking for a more "well heeled" group of Foreigners into Thailand. Research it!
2. No Government gives "anything" for nothing. Can you note any instances where Government gave something for nothing? I am talking "any" government. It just doesn't happen, unless you are blind to what "the free thing will cost you".
3. Well Heeled foreigners are not stupid, they will not lock themselves into a 3 year "money in the bank" thing, nor will they even put the money in the bank "anyways".
Let me stop here and tell you, to understand all the ramifications of what is going on here and else where in the world, you need to read up dailey on Political, world, religious and money news. And you need to hear it from "both sides". This means, you want info from USA, it will be cencored to tell you what they want you to know. So you also need an "indepentant" news, maybe RT, ect. Want news from inside Thailand go to a "outside source. Want info on UK, USA, NZ, ect, go to an outside source. The news inside your country is censered to the ones inside that country.
Why do you need to keep in touch of Political, world, religious and money news? They are all interconnected, Each one gives you a "clue", so each topic will give you a "clue", so put the clues together, you will probably get an agreement as to what is happening or what is going to happen.
4. Look at World Events in the last year What do you see? (what you should see is Bank closings, bank "Holidays", limits on withdraws, banned bank notes, and shortages of "paper notes in small denominations, devalue of countries money ect.)
Look at Venesula..they now count money on a weight scale because the deflation is dailey and its easier to weigh it than count it.
5. India just banned the 500 and 1,000 rupie. The 500 and 1,00 makes up 80% of the countries daileys exchanges. 80% is what it takes to do business or conduct your needs. Now the problems: the Indian Government does not have enough small denomination paper, and now as people try to 'unload" their 500 and 1,000 Rupie notes, the Government is imposing a 60% charge on "unaccounted" deposits. (If you can deposit your 500 and 1000 notes, you can withdraw smaller notes or use for bills, ect), so now they are trying to stop that.
Its a war on "CASH"........In a cashless society, you can have everything deleted in a press of a keystroke.
6. India's rupie is clocked with the US Dollar and Thailands "bahts" are about the same value as India and clocked with the Dollar. If this can happen in India, why can't it happen in Thailand?
7. If you lock your money up for 3 years, you may suffer from a major devaluation, or bank Holiday or withdraw "limits". If the 500 and 1,00 thai baht is banned, same as India, you will not be able to get your money out, as you will be limited to a dailey withdrawl limit (in Greece it was limited to 20 Euros per day). And because there are limited bank notes available, you will not be able to get your money out, just watch it devalue.
So here is my case against this 10 year Visa.
So do with it what ever you want. Don't ask me "for proof" , do the research yourself.
For the "Super Slueths" (sorry, maybe wrong spelling) as the news is encripted, so have I encripted a message of things you need to do now, into this message.
There is much more to say but this is the most you need to know.
Next question should be:...What do I do if I hold alot of "paper"? Where can I park it?
I am starting a new Thread, I need to know about how to Transfer a car from another Providence to Udon. Made a deposit on a Camry and need to know step by step, so it don't go sour.
I just helped many of you, so can someone help me, we are suppose to pay and close the car deal on Monday. They want to file the papers in another providence, then give to us to do the final transfer. I don't like it.
Help me, please. Thanks Guys

Forgot something...you can buy a "citizenship" for 500,000 baht.

Simply put ...

Both have to show up at immigration the same number of times each year. Both have to do mandatory 90-day reports. The 10-year ties up a huge amount of money, costs more annually, and puts personal funds at risk to fluctuating currency values. For those who choose to self-insure, the 10-year adds the burden of finding insurance.

From my point of view, things are the same in some aspects and worse. I don't see any upside to a 10-year. I won't be opting for the 10-year if I still have a choice. :-"

We are all in different situations I've been doing the minimum requirements for years now. I do things on a monthly basis. (0 days is easy getting Embassy letters is getting more expensive these days.

So for me easy. at 70 I'm paying major medical with extensive coverage roughly $ 1125 quarterly. It's the big one that concerns me. I can easily absorb Dr's visits

PS it's not bUpA

bumper wrote:We are all in different situations

There's no doubt about that. =D>

bottom line is that we can all speculate at what the news story put out but until it is actually codified into law and Immigration regulation we won't know what exactly will happen.. Lots of question arise:

1. will the one year Retirement visa remain as is with the same income requirements.
2. on the new 10 year visa will the income requirements as for the current one year retirement visa/extension be a similar calculation of income combinations; money in the bank and monthly income..
3. Will the multi-re-entry permit be part of the 10,000 Baht Visa/extension cost or separate as it now is for the one year..
4. Will any documentation requirements change.
5. How will they determine health insurance coverage if you're properly insured from your home country..

Well I guess we will find out December 1 the supposed day of Induction

bumper wrote:We are all in different situations I've been doing the minimum requirements for years now. I do things on a monthly basis. (0 days is easy getting Embassy letters is getting more expensive these days.

So for me easy. at 70 I'm paying major medical with extensive coverage roughly $ 1125 quarterly. It's the big one that concerns me. I can easily absorb Dr's visits

PS it's not bUpA

actually it seems aimed specifically at 50 year olds, Bumper , with already paying out $4500 annually how much do you expect that to climb over the next few years ?.and if your too old with a medical condition perhaps like me it will become either way too expensive or impossible to find cover enough. actually I does state that coverage must be $10000. and the bit I don't get is 3,000,000 in the bank, so why would you need 350,000 baht medical coverage when you already have nearly x10 of that as cash. and if you suddenly get sick after 70, and insurance pays out , but then declines to re insure you next year. well that would be the end of the visa too. too many 'IF's' in this visa ,unless your 50,fit,and loaded

Ok I'm 70 now, 80 I would expect around $9K a year. I don't expect to j have any bills I could pay that much now if need be. I got mine with only one exclusion,. But, I also got it two years ago. I had BUPA before however it really didn't cover what most older people croak of. Cancer or heart problems, my current one does. I developed diabetes this year, if I were to try to change now I'm sure there would be an exclusion

A friends wife in the states under the Obama plan at 64 pay over a thousand a month, so that is not as much as you would think, in comparison.

The other aspect 3 mil. I agree.

blimy bumper that's getting to serious money for healthcare, it does seem strange that the medical insurance they insist on is only 10,000$ coverage, when it comes to heart/cancer that amount isn't even near enough. even double that is still short. if you don't mind me asking how much are you currently covered for ?

Dementia and Alzheimer's disease has become the leading cause of death in England and Wales for the first time.
so no need to worry about heart/cancer issues anymore, losing your marbles would be scary in Thailand.
apparently dementia care in Thailand runs at 3,000$ a month. I wonder if there is any medical coverage that covers that ?
found this on the net
http://www.bbc.co.uk/news/health-25438325