Jump to content

Listen to Pattaya FM105

View New Content  

steven roberts's Photo


steven roberts

Member Since 2005-11-12
Offline Last Active Yesterday, 07:31
-----

Posts I've Made

In Topic: Using My 800.000 Tb Retirement Deposit To Invest In Thai Dividend Stocks

2011-04-06 02:29:13

View PostNaam, on 2011-04-02 19:52:44, said:

Quote

In other words, kept in very conservative investments. The primary goal is preserving capital (the 800K needed to stay in Thailand) period.
BINGO! everything else is academic yada yada yakety yak  which could result the OP being in dire straits <_<


Yes I agree with you there.

If the OP has to rely on his less than sufficent pension while his 800,000 bht is tied up doing nothing then knowing already that pensions do not keep up with inflation it is only a matter of time before this falang becomes falang kee-nok. :-)

In Topic: Palm Or Rubber

2011-04-06 02:09:31

View Postlikewise, on 2011-02-23 19:18:57, said:

View Postjamescollister, on 2011-02-23 18:41:40, said:

View Postlikewise, on 2011-02-23 18:08:55, said:

Well we got a 20 rai palm plantation and yield about 3.5 to 4 tonnes every 20 days. My father in law takes care of it and we hadn't had a kilo/baht missing, himself he has Palm too.

So I am happy with it.  :)
Good to hear you are doing ok, so can you anwser my question. 25 rai  more or less than $15,000 US per year clear profit. Jim

Will depend on the price per kilo, but 25 rai of well taken care plantation should yield around 5 tonnes per 20 days.
We fertilize the trees 3 times per year.

Are you providing irrigation and is fertilizing only 3 times a year sufficent?

In Topic: Using My 800.000 Tb Retirement Deposit To Invest In Thai Dividend Stocks

2011-04-01 08:18:51

View PostNaam, on 2011-03-31 08:46:27, said:

View Poststeven roberts, on 2011-03-31 07:51:16, said:

Actually I lived in Thailand for 13 years on a Non-immigrant O visa and gave a copy of my Thai SET portfolio whenever I renewed my visa in Penang and no one ever questioned me. :-)

the question of the OP is related to his retirement visa  <_<


Not much difference non-immigrant O and retirement visa- Non-Immigrant Visa "O-A" (Long Stay

This type of visa may be issued to applicants aged 50 years and over who wish to stay in  Thailand for a period of not exceeding 1 year without the intention of working.

Holder of this type of visa is allowed to stay in Thailand for 1 year.  Renewable if conditions maintained. Employment of any kind is strictly prohibited.


1. Eligibility

            1.1 Applicant must be aged 50 years and over (on the day of submitting application).

            1.2 Applicant not prohibited from entering the Kingdom as provided by the Immigration Act B.E. 2522 (1979).

            1.3 Having no criminal record in Thailand and the country of the applicant’s nationality or residence.

            1.4 Having the nationality of or residence in the country where applicant’s application is submitted.

            1.5 Not having prohibitive diseases ( Leprosy, Tuberculosis, drug addiction, Elephantiasis, third phase of Syphilis) as indicated in the Ministerial Regulation No. 14  B.E. 2535.



2. Required Documents

                         - Passport with validity of not less than 18 months.

                         - 3 copies of completed visa application forms.

                         - 3 passport-sized photos (4 x 6 cm) of the applicant taken within the past six

                         months.

                        - A personal data form.

                         - A copy of bank statement showing a deposit of the amount equal to and not less than 800,000 Baht or an income certificate (an original copy) with a monthly income of not less than 65,000 Baht, or a deposit account plus a monthly income totalling not less than 800,000 Baht.

                         - In the case of submitting a bank statement, a letter of guarantee from the bank (an original copy) is required.


Why can't one have an investment acct. through their bank and just submit the statement. It could be in your home country and you wouldn't have to worry about currency fluctuations like if it were to be held in a Thai account.

Also please take note that the amount required is a minimum. If you're putting your money in an investment acct. which could go up or down then you should have a safe margin above the 800,000 Bht required. Say 20%.

In Topic: Using My 800.000 Tb Retirement Deposit To Invest In Thai Dividend Stocks

2011-03-31 07:51:16

View Postjfchandler, on 2011-03-10 20:23:24, said:

Ditto on the NO to using real estate value for the value of your retirement deposit...

On the broader subject, there has seemed to be some variation from Immigration office to office about what kinds of accounts they like and don't like...

Clearly, a regular passbook savings account in any Thai bank is fine. It seems that fixed deposit accounts likewise are fine, at least most of the time, though there have been reports of those rarely being a problem.

You don't want to change anything about your deposit account, or move the funds from one account to another account, during the 3 month holding period. Another TV member tried that on the advice of their banker, and Immigration turned him down.

I can't remember ever hearing of anyone using any kind of securities account to satisfy the Immigration requirement, so I'd be doubtful about that. When the regulation says funds "in a bank in Thailand," I believe they do mean "bank."


Actually I lived in Thailand for 13 years on a Non-immigrant O visa and gave a copy of my Thai SET portfolio whenever I renewed my visa in Penang and no one ever questioned me. :-)

Quick Navigation   View New Content Site search: