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Thailand to launch new 10 year multiple entry visa for over 50s

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51 minutes ago, the guest said:

If Thailand was smart they would give the 10 years visa for free. Just have compulsory insurance as a requirement, enough savings/income to support yourself (goes without saying) and then it would attract more foreigners (minus the 90 day reporting . 1 year is sufficient)

 

 

If Thailand was smart.. :cheesy::cheesy::cheesy:

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13 minutes ago, gandalf12 said:

What exactly are the certain conditions that allow the Baht 3m to be reduced to Baht 1.5m? There is nothing related to this in the post just a mention of "certain conditions"?

 

From information that came out last Nov/Dec when this visa was first announced.

 

On one site:

"The three million Thai baht must be untouched for 12 months in a time deposit, and cannot withdraw more than 50 percent. Proof must be shown that monies was spent in Thailand for, amongst other things: local property, medical and tuition fees."

 

On another site:

"Applicants must not only leave 3 million baht untouched for one year in a time deposit, but they cannot withdraw more than 50 percent, which they must show proof was spent in Thailand for such as medical, property, tuition or similar expenses, according to the resolution. Want to renew it five years later? Visa holders must again show 3 million baht in the bank or an income of at least 100,000 baht per month."

 

Basically every site I've seen has the same info. You can withdraw up to 50% after year 1, but only to spend on "approved" items (and have to supply proof) and when it comes time to renew, the 3 mil has to be topped up again (and left for one year again).

So you are going to end up tying up a lot of money for a long time, as 1.5 mil of the total has to be "locked in" for the duration of the visa.

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And how is this better than Elite visa ????. 

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Proposed in Nov 16 and received overwhelming criticism. Made into law in June 17 as originally proposed.  Triumph of public consultation.

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I am 66, have you tried to get the required insurance in Thailand for above 65 and at what price?  In addition of all this, you need to apply for a criminal record check...  Not worth it!

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Another ill-conceived and almost entirely redundant visa from the hub of foot-shooting. They'll be lucky to number the up-takers in the low hundreds.

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You need only 40k/100k coverage OPD/IPD. This is likely cleverly calculated, as this coverage is way too low for any treatment, on the other hand also so low, that nobody would go to court and sue. So insurances can just pocket the money without any payout in case of emergency.

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5 minutes ago, yimlitnoy said:

I am 66, have you tried to get the required insurance in Thailand for above 65 and at what price?  In addition of all this, you need to apply for a criminal record check...  Not worth it!

I think the criminal check is a recent addition to this visa along

with the rule to buy your health insurance from a Thai company...  

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3 minutes ago, fforest1 said:

I think the criminal check is a recent addition to this visa along

with the rule to buy your health insurance from a Thai company...  

Why check for a criminal record you could have one from something you done 30 or 40 year's ago and  never had one since. What's the point  ?

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1 minute ago, catman20 said:

Why check for a criminal record you could have one from something you done 30 or 40 year's ago and  never had one since. What's the point  ?

I suppose every country has different way but for my country if you have done some minor criminal 20 ++ years ago you will have clean record if asked..

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9 hours ago, quandow said:

Aimed at lazy folks with too much money and no sense at all.

But why would they target Thais? (tongue in cheek sarcasm there) :coffee1:

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27 minutes ago, thaitero said:

I suppose every country has different way but for my country if you have done some minor criminal 20 ++ years ago you will have clean record if asked..

In the UK it stays with you all your life.

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9 hours ago, BigBadGeordie said:

In comparason to my Non O, followed by 10 extensions of stay based on retirement, this does not seem particularly attractive.

 

I fail to see which group it is aimed at?

aimed at hi so s'

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6 minutes ago, catman20 said:

In the UK it stays with you all your life.

i think  its' expunged in Australia after 20 years, sooner if the computers go down , after all we are a nation of convicts

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