Yeah tie up 3 million baht for 10 years in a bank that in a few years time won't be government covered in case of collapse.inflation at over 3% and only getting 1% interest,so in theory your money is depreciating 60,000 per year.keep having to do the 90 days reporting,also having to pay extortionate insurance premiums and 10,000b kick off fee.sounds a cracking idea.i can see the queues going all the way around the block at the immo office on Monday.seriously who ever employs these people to think up these schemes.ill stick to the 800,000b,1,900b a year,90 day reporting thanks and if they don't like it I'll sack all the people working for me and fook off to Vietnam where I'm probably more welcome.mongs.

Wazza
When you do a Multiple entry and are returning you already have you visa and at Swampy you will receive a New entry card From that date the 90 days start. I do not have to prove I have 800,000 in the bank each time I return
Its also states that the 3Million is on application for he visa and after 1 year can be reduced to 1.5Million as to what the conditions are I don't know

All in all I will also stay the way I am at present

DD

I have never received a new Entry Card when returning to Thailand landing in Swampy.

Only a new stamp, showing the expiry date of the visa.

Doing some maths on this.you must have 3mb in the bank,well it ok saying it only for one year and you must prove you have spent 1.5mb in Thailand after that.in other words like me now I keep 800,000b permenantly in the bank.inflation 3% and banks only paying 1 % so your 3mb will depreciate at 60,000b a year x 10 years 600,000b.then there's the medical insurance.i read someone was paying $408 a month or around 14,000b a month.x that by 10 years 1,680,000baht plus the 600,000b 2.280,000b also two 10,000b applications comes to 2,300,000 baht over 10 years.....just a plain way of milking the farang.who in their right mind is going to take this SPECIAL OFFER up is beyond me.oh and don't forget the 90 day reporting too.then there might be some small print that once you've had this 10 year visa you can't revert to the yearly retirement visa because your too old to get any medical insurance.absolute waste of time in my eyes.the thing is a s we'll all the them at the top think they are doing the farang a right favour and deal of the century.

Marcosteffano wrote:Doing some maths on this.you must have 3mb in the bank,well it ok saying it only for one year and you must prove you have spent 1.5mb in Thailand after that.in other words like me now I keep 800,000b permenantly in the bank.inflation 3% and banks only paying 1 % so your 3mb will depreciate at 60,000b a year x 10 years 600,000b.then there's the medical insurance.i read someone was paying $408 a month or around 14,000b a month.x that by 10 years 1,680,000baht plus the 600,000b 2.280,000b also two 10,000b applications comes to 2,300,000 baht over 10 years.....just a plain way of milking the farang.who in their right mind is going to take this SPECIAL OFFER up is beyond me.oh and don't forget the 90 day reporting too.then there might be some small print that once you've had this 10 year visa you can't revert to the yearly retirement visa because your too old to get any medical insurance.absolute waste of time in my eyes.the thing is a s we'll all the them at the top think they are doing the farang a right favour and deal of the century.

Absolutely correct. There is no benefit to this.

I do not think that the critics of this scheme are comparing apples with apples..

This is not aimed at individuals who can obtain non imm'o' visas & then get extensions based on marriage or retirement.
It is aimed at people who's only current method of remaining in the Kingdom is via a mishmash of Tourist visas & visa exemptions/student visas or via the Elite Card scheme.
The membership fee for the 10 year Elite visa (5 years, renewable) is 1,000,000 baht.

If rumours/newspaper announcements are to be believed the Thai Health Insurance might soon become a reality for anyone on any sort of method of remaining in the Kingdom!!

BobHelm wrote:I do not think that the critics of this scheme are comparing apples with apples..

This is not aimed at individuals who can obtain non imm'o' visas & then get extensions based on marriage or retirement.
It is aimed at people who's only current method of remaining in the Kingdom is via a mishmash of Tourist visas & visa exemptions/student visas or via the Elite Card scheme.
The membership fee for the 10 year Elite visa (5 years, renewable) is 1,000,000 baht.

If rumours/newspaper announcements are to be believed the Thai Health Insurance might soon become a reality for anyone on any sort of method of remaining in the Kingdom!!

Well that and MEDICAL TOURISM which is pointed out in the first line of the OP's article.

DuiDui49 wrote:

BANGKOK:-- Foreigners in Thailand will soon be able to apply for a 10 year visa.

First proposed in November 2016 as a way to promote Thailand as a medical and wellness hub, Thaivisa understands the 10 year visa was this week formally approved by the Prime Minister.

Next thing we will read in the headlines is' 10 year visa going great guns' and a picture of some old farang with dementia signing on the dotted line in immo.all I can think of someone up top is going to get some medals for this one.the only one to gain out of this will be the lawyers and mrs getting their dirty sticky fingers on more of your money when you kick the bucket.the thing is a lot of retired farang are only here in this volatile military state as we've invested so much.my mrs would be crapping herself if I ever got to sell up and have it in my bank.the first thing I would do is look at Vietnam and if we could go there or a country that take her.the Thailand dream is wearing very thin with myself and the prices of trying to have some western style of life out here are ridiculous.also reading about Thailand being a dangerous country.it seems to me that the younger generation of Thai have learned that committing a crime against a farang isn't a crime,it's a past time.ignorant,uneducated,selfish,devious,racial,jealous,immoral,greedy,the list goes on.the thought of a nice little place in Southern Europe where you actually own the property, with no or little visa requirement,free hospitals,no racialism and probably cheaper is fast becoming my retirement dream.

The criteria for the new visa seems to exceed the current retirement extension criteria so anybody qualified for the new visa would be equally qualified for the current retirement extension.
The people who proposed the new visa (and who signed it into law) WILL NOT lose face by it being ignored and not taken up by many people. So I would expect changes to be made in the future to try to force existing extension holders onto the new visa.
On the same vein reports from around the kingdom suggest a general tightening and more pedantic approach to actually getting a retirement extension. Since it is not isolated to a single immigration office the order can only have come from Bangkok.
The difficulties in getting usafructs could also be related.

The junta have a reasonable argument to insist on medical insurance for all long term stayers etc etc ( that hurts to type this )

I read last year the Min for Heath saying over $3-4 million USD in unpaid medical bills at hospitals from expats who skip or cant pay or die etc

im sure there is a chest out there waiting for a few medals to support this ....

Fraught with issues, Acceptance of International medical insurance policies, Thai companies offering a nasty policy to get expats over the line at a premium cost no doubt as its compulsory, have to die first before they consider the claim , void as u didnt sign it lol

Bob22 wrote:The criteria for the new visa seems to exceed the current retirement extension criteria so anybody qualified for the new visa would be equally qualified for the current retirement extension.
The people who proposed the new visa (and who signed it into law) WILL NOT lose face by it being ignored and not taken up by many people. So I would expect changes to be made in the future to try to force existing extension holders onto the new visa.
On the same vein reports from around the kingdom suggest a general tightening and more pedantic approach to actually getting a retirement extension. Since it is not isolated to a single immigration office the order can only have come from Bangkok.
The difficulties in getting usafructs could also be related.

Yes couldn't agree more.if they start wanting retired people like myself wanting to jump through smaller hoops it'll be time for me to go on to a marriage visa,get the house on the market,take a loss and wave good bye.wont be too much of a loss though as I'll get a good exchange rate on the over inflated baht against a euro.as for my usufruct it means ---- in this country.im a farang and have not one ounce of any human rights or justice.ive become disgruntled and dissilutionend with this country.went to Malta 7 year ago.nice people,cheap property crappy beaches but who cares,your classed better than a soi dog.next thing is they'll cancel all retirement visa and say only thai elite visa allowed.i think Mugabe is in charge of immo here now.

wazza wrote:The junta have a reasonable argument to insist on medical insurance for all long term stayers etc etc ( that hurts to type this )

I read last year the Min for Heath saying over $3-4 million USD in unpaid medical bills at hospitals from expats who skip or cant pay or die etc

im sure there is a chest out there waiting for a few medals to support this ....

Fraught with issues, Acceptance of International medical insurance policies, Thai companies offering a nasty policy to get expats over the line at a premium cost no doubt as its compulsory, have to die first before they consider the claim , void as u didnt sign it lol

You'll probably find it's more a tourist problem of unpaid hospital bills as they are looking into all tourist having travel insurance when entering Thailand.a lot of expats are either retired,married,have money,businesses and pay our medical bills as we don't want to get into trouble with the authorities.i think it's come to light with tourist like Gary glass begging,living here without means,all the other beg packers,pregnant girls tourists having babies,tourists getting assaulted,electrocuted,scooter crashes all without insurance.to legally ride a scooter as a tourist and have medical insurance you need a full uk bike license,no more than 125cc and it has to be a quality insurance,not the £9.99 policy.

Agree , what im saying is, it will all be rolled into 1 problem / resolution.

Having travel insurance as you rightly stated, doesnt mean it covers the incident

Australian companies refuse to pay out, if you didnt have an Australian motor cycle licence or not have a recognize Dive ticket. Being under the influence of drugs and alcohol is another rejected claim....

Every week Australians ask the Embassy to bail them out, all refused unless a Bond is paid back in Oz by family or friends,

Back to the Visa.

Under 50, got money , single and living here with no working permitted. Ive got ticket no 3 in the queue LOL

Eventually, they'll figure out how to separate the wheat from the chaff. Authorities here aren't trying to eliminate those expats who are law-abiding, self-sufficient and contributing in various ways to the communities where they live. Like any other country -- unless that country is suicidal -- Thailand wants expats who are law-abiding and self-sufficient. Don't blame them. Most countries attempt to do the same in their immigration rules and laws.

The authorities are not going to jeopardize Thai nationals who depend on the income from expats. If it happens, it won't last long. They'll realize the error soon enough and tweak it. It's the reason why less is required by Immigration if one has a marriage visa. So the authorities DO understand what's going on.

For those who can't meet the income requirements, that's just the way it is when one is a guest in another country. The alternative is to go where income requirements can be met -- or go home. If it ever got to point where it affected me that way, I'd be unhappy, but I'd take my own advice. It's just the way it is.

This scheme is not suppose to be a better retirement visa. Its aimed at medical tourist. I can see it could be useful for some people who have the money, live primarily in there home country, use Thailand for their medical needs and want to come and go as they please, staying as long as they like.

A much better 10 year visa is the MM2H in Malaysia. Lower financial requirements and much better benefits including rights to own property, work, national ID card and education for your foreign children. https://en.wikipedia.org/wiki/Malaysia_My_Second_Home

Wake me up when Thailand comes up with a scheme like this.

-God Morning "Jello" and other UM readers...

Ecuador,have for the past 5-6 years been on my radar..Retirement VISA..have to show minimum 800US/Month..around 27.000 Bath..80% of Agricuture is Organicly grown..3 "Climat zones"..Eucador is called the land of "Permanet Spring"due to the awsome climat.

Moore to read here:

http://www.ecuaassist.com/single-post/2 ... UADOR-2017

http://www.ecuaassist.com/single-post/2 ... in-Ecuador

http://www.ecuaassist.com/single-post/2 ... -June-2016

http://www.ecuaassist.com/single-post/2 ... in-Ecuador

Be mindfull..have an awsome day everyone.

Ten-year retirement visa doesn’t stand up to scrutiny
June 20, 2017 01:00
It is difficult to see who would rush to buy the new 10-year “retirement” visa announced on social media. It is actually a five-year visa renewable once, but the requirement to report every 90 days remains.

You now need to show Bt3 million, mostly or all in a Thai bank, and must have police clearance from your home country. The latter is difficult to obtain in some countries and virtually impossible if you happen to be American.

Medical insurance is compulsory, but must be bought only from a Thai company with the document written in Thai. This suggests that many farang will need to have two insurance policies, since the cover required for the 10-year visa is too low to cover many surgical procedures. Of course, many older foreigners can’t buy any kind of medical insurance as they are at higher risk of serious hospitalisation.

In fact there are alternatives to the complex medical insurance scenario, such as leaving a sizeable deposit in a Thai hospital to help cover future contingencies. But that would require a government initiative. If you speak to bursars in Thai private sector hospitals, they will tell you that many non-insured aliens are rich enough to pay all their bills. Not all are on the breadline or are basket cases.

It is a foregone conclusion that retirees will continue to opt for the one-year extension, which is

familiar and relatively straightforward. But that assumes that new 10-year visa will indefinitely remain an alternative rather than a compulsory feature of the immigration menu! To be successful, the 10-year visa would need some perq such as the right to work part-time (as in Malaysia) or extended right to buy property (Indonesia) or hassle-free bureaucracy (Cambodia upcoming).

Barry Kenyon

http://www.nationmultimedia.com/news/op ... r/30318542

OK Dui...., but I see absolutely no 'recommendation' in this to what is the alternative visa
for a 50 to 65 year old ex-pat not married to a Thai national...

Maybe you can advise on what is a suitable alternative???

Dui's post is an opinion piece from the "letters to the editor" section of a newspaper.

It's written by a foreigner who like many, fail to understand who the target audience of this visa scheme is.

The writer also suggests that the 10-year visa may be the only alternative in the future. There has been nothing official to suggest this. The idea that the current one-year visa will go away is speculation by keyboard warriors on social media.

The writer also states that its virtually impossible for an American to get a police clearance. This is simply not true. I'm an American and for my first visa to come here I just walked in to my local police station and asked for it.

As Thailand aims to develop itself as a Medical and Wellness Tourism Center, the Ministry of Public Health and the Ministry of Tourism and Sports in their joint meeting agreed to create a new long-stay visa of 10 years.
http://www.richardbarrow.com/2016/12/lo ... -10-years/

The cabinet claims that the aim is to help promote medical and wellness tourism in line with the government's policy.
https://www.imtj.com/news/10-year-visa- ... -thailand/

Intended to promote Thailand as a hub for medical services,
http://www.khaosodenglish.com/news/busi ... igners-50/

I can't find anything in the recent Thai news (legitimate news, not social media/forums/facebook/blogs or opinion pieces) that this visa scheme is now official or that any formal announcement has been made.

God morning guys and girls !

Jello,spot on,,thank you very much.

My meaning with the post was just to add something to the 10 VISA discussion..if possible.

And to BH's input,well if you're happy with what you're on now,keep it like that..like me..

Be blessed everyone..and don't forget to be mindfull of what you have and say thank you.