this new Thai visa could change your life
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- čas přidán 1. 06. 2024
- The new LTR Visa in Thailand could change your life. It might be the best visa to come out of Bangkok, and in this video I'm going to give you all the details.
So if you are looking to retire in Thailand or work remotely here then this visa could be for you. Living in Thailand has never been easier....if you qualify.
To apply online, go to this Thai Government website: ltr.boi.go.th/
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0:00 This Thai Visa Could Change Your Life
0:47 What is the LTR Visa
3:14 Thai Visa Office
4:00 Why did Thailand create this visa?
4:40 How many have applied?
5:22 What is the most popular LTR Visa?
5:49 How do you apply?
6:55 Can you apply inside Thailand?
7:30 How do remote workers qualify?
9:25 Can freelance digital nomads qualify?
9:45 Do remote workers pay tax?
10:30 Can a spouse work?
10:55 How do retirees qualify?
12:45 What documents will you need?
14:05 Can you qualify with retirement savings?
15:45 Can you buy real estate?
16:35 The fastest way to buy real estate
17:55 Foreign land ownership
19:20 Tax for Retirees
19:35 Can you start a business?
20:32 How much does the LTR Visa Cost?
21:20 What about the 90-day reporting?
To apply for the LTR Visa, here's the link: ltr.boi.go.th/
Great video like always
@@dananna8614 in how long I will recive my 60 days visa ? It's been almost a month and I didn't get it yet!!
Major companies don't provide a more stable career than a smaller company. Elon Musk just took over Twitter no more remote workers and 75% of work force is now fired.
Hi, can you do a video about this LTR Visa vs Elite Visa? Would love to see the differences or similarity between the two and to compare to see which is better.
Stan is probably fired. You can kiss Thailand goodbye !!!!
For retirement - you need to have $80K USD per year or an investment fund of $800KUSD - this is quite high. I believe the total cost of living in Thailand might be less than $25K so I think they need to reduce the $80K threhold
The whole program is targeted to wealthy individuals. It is not hard to spend a lot of money here for a higher standard of living.
they aren't looking for backpackers with this visa
They know their countries cheap living price merit but they need to limit the numbers overseas and take advantage as much as possible. Try to require only wealthy people move into the country, not decent dude.
I think it's not them who have to lower the threshold, it's the foreigners who have to lower the threshold. This type of visa is just one option out of all. So if you think you can't reach it, You need to look at other types of visas.
800K usd in us stocks?
7:52 Miss Kantarot’s humor with Chris is PHENOMENAL!! She is so witty, charismatic, yet informative and fantastic representative of our beloved country!😂🇹🇭💖
OPTION A - Only 1,900 Baht ($55.82) for an Annual Retirement Visa (anyone over age 50) plus 800,000 Baht ($23,506) in a Thai bank
- VERSUS -
OPTION B - $80,000 annual income, $250,000 in Thai Govt Bonds or Property + 50,000 Baht in fees ($1,470)
Take OPTION B, if you have more money than sense!
Wow! I just watched your video the day before you came and did a video in my condo at Ashton - a young neighbor of mine said that he had met you in the library. But I just wanted to say that your video was very very helpful. It was actually filmed in the building where my office is located at. I forwarded your video to my agent. Too bad I miss you at the condo!!! Thank you for all your great videos. I hope to meet you one day!
Great video Chris. Applied for the LTR on 22 September. Got the visa stamp on 4 November. Your video answered all my questions Khun Kanterot is great. All the BOI staff I interacted with were warm and friendly and seemed to want me to succeed. The software was very fit for purpose.
Great to hear!
One of the Clearest and Concise video on the subject matter. Questions which really hit the mark !!! Fantastic. Ms Laopradith is on form and on the dot with all her response with the questions posed. Very impressive indeed.
thanks a lot!
Agreed, great vid! One requirement that was not touched upon was the health insurance - it ain't cheap for foreigners / retirees. Is it possible to get this once your in Thailand?
Chris, thank you. This video was so informative! I hope you keep us updated. I hope to be in Thailand in 18-24 months.
Great video Chris,
I’m actually going through the process myself at the moment and your information is spot on. Keep up the good work . 👍
I 'm not qualified for any of the categories, so basically stopped watching after the 3 minute mark. Don't see how this is a life changer.
So most of peoples!Forget it!
Thailand is not even your destination so just go to next video , save those 3 mins
@@thaisupport8378 It used to be, but lately I 'm looking into the Philippines and Vietnam for long term (years/retirement), and short visits (weeks/months) to Cambodia, Thailand, Malaysia, Indonesia, Singapore.
Best Video Yet on Visa in Thailand!!! You are without question the best Channel on CZcams!!! Thanks Again!!!!!
This is a great video man! More and more people will start looking at these videos in the next 1-2 years😊
You're a king Chris. Thanks for this video!
Glad to help!
@@travelingsober Westerner expats must bow down to the Thai king if not then go to sleep in the jail .
@@travelingsober It is ok. We the royalists know the difference between good humor or insult.
I was in Thailand in September, I don't see one million MILLIONAIRE'S applying for this visa, they need to decrease the requirements in order to achieve 1,000,000 applicants.
@@travelingsober $80k AND be over 50...or more requirements that will keep many people out that still make $80k/yr.
@@travelingsober In 2 months they've had only 1000 applicants. There's ZERO chance they're getting anywhere near one million over 5 years. It's far too exclusive and a total failure.
I know. This is not better option than 10 years Elite VISA. Those millionaires probably move to Mediterranean countries or Latin America instead with this requirement.
Amazing
Thanks Chris for this gorgeous update
Deffo the best youtuber I watch. This video was so good and something we are looking at doing in the future
Hi Chris great video! My wife and I have just been approved for the LTR and have went thru the entire process. We are in the work from Thailand category, the process was fairly simple and was all completed in under 20 days. There is a little more complexity to it when you get the Notification Letter for Qualifications Endorsement, you must choose where you go pickup your visa (Bangkok OSS or Royal Thai Embassy abroad). The choice also affects the cost (50,000 baht) and how the initial entry into Thailand goes (visa on arrival, tourist visa vs LTR fast track). If we chose to pick it up in Bangkok we would have had to get entry via visa on arrival (we are US citizens) and then transfer that to the LTR at the OSS office in Bangkok when we picked up the LTR visa. There are also optional and case by case based documents for proof, we had a couple of those but they are all listed and fully documented (ie. audited corporate's annual financial statement for the last 3 years). Your video is a great summary video and I wish your video would have been around before we started the process because it would have saved us a lot of time. Love the videos and hope to make it to a subscriber meetup some day!
Thank you for your story! So informative!🙏🙏💖💖
*bhat
baht
Name of company? If you're a software engineer and they need some more devs, i'd love to know the names of companies letting employees do this.
Hi, your story is adorable. I am apply the LTR wealthy Pensioner but BOI staff request non-criminal record but don't send a request letter for me to obtain the record.
did you receive request for obtaining non-criminal record in the process of your application? 😊 thanks in advance.
@@lautony2841 for me in the US I had to go to my local courthouse and get a certified copy of my criminal record showing no record
I paused the video and applied. it was VERY easy and straightforward!
Have you got your Long term visa for Thailand? Are you happy with the process?
Great video, Chris! I took notes and saved this one for future use. Thank you for preparing this - well done! - Mark O, U.S. East Coast Viewer
Awesome information! thanks for sharing Chris
The Work-From-Thailand requirements for remote workers is crazy. I'm using a sub-contract system, in order to legally work in Thailand with a WP while the company is actually is in Switzerland.
Before that I worked in a local Thai company paying 35% tax for 5 years. I have several friends from SEA and India who are upset and moving back, due to the crazy LTR requirements.
I would qualify for the highly skilled professionals income requirements, but the base company is abroad.
So even though I am highly above the minimum income requirements and fluent in written and spoken thai after 6 years I will move back to Switzerland, due to the really weird conditions. Maybe as a retirement destination or holiday destination yes, but to live one's life here? I changed my mind :)
crazy indeed ...I would say comical..
Why wouldn’t you qualify if the company is abroad? In the example here the person works for Twitter which is an American company
is there a sub-contract service you could recommend ?
@@hellotheregeneralkenobi365 Because the company probably is unaware they subcontracted the contract and hence could not provide documents being required. The contracting company meanwhile, may not meet the big revenue requirement as well as publicly traded listing requriement.
Facts. I have a digital branding firm in the U.S. but live in Jomtien. I'm involved in helping Thailand reach its goal of 79,000 foreign AI professional hires. Helping the Embassy, the Thai IT firms, the minister of digital economy. I'm hoping they grant me a Smart 'S', to facilitate my staying & working on that. We'll see. It's almost a must in my proposal.
Yes please do a video on starting a company in thailand!
I had a totaly different picture of Thailand, the people are so friendly and nice and the government seems to do what is best for people, I like this a lot, thank you and also to the Thai lady who explained everything, this is gold information. Have a good day
Thanks for that!
Thanks for asking the tough questions! Great info
Thanks Chris! That’s exactly I wanted to know about LTR visa.
เรายากให้ทุกคนมีแต่ความสุข. ไม่ว่าชาติใด หรือศาสนาใด. ขอให้ทุกคนมีแต่ความสุข
Great interview/info and it is a start in the right direction. However, the requirements seem high and they would get a lot more "wealthy" people to signup if they made it a bit easier where you still would get people with $$ to come and spend in Thailand. I would simplify it...if you make 3-4K a month regardless of the source of income you can get the visa and just update the docs yearly. In that case you'd get a lot of people with the means to spend their money in Thailand which is the goal.
I agree with you and I don't think you should have to invest in any government bonds in order to live in Thailand or any country long term. If you have a verifiable income which is many times what the local people live on there then why won't they allow you to live there?
This is a nice interview. Thank you.
To get it from the horses mouth was awesome and the details you elicited were spot on. Thank you!
Glad it was helpful!
Although I now qualify for the LTV as a pensioner I still prefer the relatively simple Retirement Visa. I lived here for 5 years under that program of $800,000 Thai baht deposit into my own Thai savings account, 90 day reporting (not a big deal) and 1900 baht annual renewal with basic information. I don't want any Thai bonds or real estate for that matter as I enjoy simply renting and moving around the country. Plus I don't really want all my tax/financial info in Thai govt files. Great video Chris!
Same here poor/ unreliable returns in Thailand
*$800,000
I too think the current Retirement VISA is easy and cheaper. 90-day reporting isn't difficult, but annual renewals are sometimes a challenge due to unspecified changes. I have the income needed for the LTR VISA and might apply to see what happens.
Trusting a Thai bank with your money is worse than having it on a crypto exchange. You might be gone for a couple of months and when you come back, is not there anymore. Good luck getting it back. Nobody in the bank will even talk to you.
Not sure why anyone who isn't angry at their money would tie up 800k in a Thai bank at 0.25%. That money could easily make 5% in many nations and you are missing out on 40k baht annually. 90 days reporting is no big deal for sure, but no reporting is much better. For LTR pensioner you don't need Thai bonds or real estate. You simply need to have adequate income.
We are retired people and we would apply for Thai Elite Visa options for long term stay like 5, 10, or 20 years without any incomes requirements if we want to stay there. For now, we are hopping around to some of these free visa countries like Mexico for six months, 3 months for Malaysia, Taiwan, or Korea with the US passport. There is always an option in life with pros and cons no matter where we live. Be kind, be cool, and be happy!
@Khmer Minsota Love it! That's my plan!
@@JamesBondEsq. That plant isn’t working for Thailand. Thailand is targeting for rich foreign .
@@TheH00kie you need to edit your comment to copy it and paste it in the main comments section.
And delete this comment from here.
@@TheH00kie just looked it up - the vote was passed - 40 million baht minimum required to buy a max 0.40 acre site and can only be in Bangkok or Pattaya. Way too expensive for my tastes.
@@globalpropertyinvestment ah that’s quite restrictive then, I’m also looking at Malaysia as there are no land ownership restrictions at all
Thanks "Workin' for Me". Great videos.
Great video Chris! This Torontonian will be in Thailand from January 6th to May 25th! No winter for me! ✈️🇹🇭😀☀️
Price for this visa to UK Applicants is £1,500 GBP (London Embassy/eVisa) - so at current exchange rate, it's more like 65,000baht, rather than the quoted 50,000baht.
Thank you but it is the same amount you pay anyway?
Not to mention £220,000 for your Thai bonds /condo and £35000 pension or £70,000 pension and no investment..
If Stan is a remote worker at Twitter, he may not have a job much longer 😂
Unless he can elongate his contract...
@@poorlybuffalo555 What is a contract? I do not know about any employment contracts in the US. All employment is at will, with 2 weeks notice period. It will be interesting to see what happens when Stan loses his job after getting the LTR visa. Does the annual verification check this again?
😂😂
Normally i don't take joy in people losing their jobs, but. For Twitter employees i made an exception. You guys ought to see that Tiktok clip of a day in the life of a Twitter employee. It's a literal adult-daycare and people wonder why, why Twitter is in such a shape, all their employees are adult-babies. That company needs to be reduced to virtual particles.
I hope Stan is gone. Along with Yoel Roth.
Thank you for this video. I plan to go for the retirement visa at the $80k. I’m going to try to do it in my own now that I have this information. Thank you.
Great video Chris and thanks for all your hard work posting so much valuable intel. Is this LTR visa still in effect?
Another nice one, buddy. Very well covered. And yes, please do that starting-a-business video, as that’s something I’m curious about myself ✌️
Chris, knowing for us in 🇨🇦 that Thailand has a Timmy's ☕️ is reason enough to come. 🤣
dude best news ive heard in so long. Im coming ASAP
Great video! Wish my family could move back to Thailand! Left 5 months ago and finally missing it
For those wondering, Thai Government Bonds are currently rated BBB+, or "Stable". So it could actually make up the bond allocation in your retirement portfolio.
Where can I get the information on the rates these Thai bonds are paying currently?
Wait 12 months
I'd rather invest in a Condo. At least you'll have hard asset.
I wouldn't touch Thai bonds or property. Sketchy
@@michael2275 Stay in your country then.
Great video brother, the level of access you have is second to none here in The Big Mango!
Thank you for the information
My pleasure
That's exactly what I want to know and learn about the new Thai immigrants rural .
You did an excellent job of interviewing .
Too young to retire and currently working towards the PSLF Student Forgiveness program so unable to uproot our life here. But my husband and I are daydreaming in 10-20 years to make that move! ❤ Thailand
Step in the right direction but it is a shame that even the big companies are moving away from higher education degrees because depending on the industry the degree is actually obsolete. The age requirement is another bummer. I fit the income requirements and would love to be able to participate, but currently operate in other SEA countries that have more favorable visa situations, but my first choice would be Thailand if they had the appropriate solution.
Smart Thai woman and keep up the good work Chris........thank you.
Thanks for sharing!
Does Stan want to adopt me? Wish I could own a home in Thailand, but I also worry real estate prices will go through the roof if they let expat to own land. Great video Chris. I always enjoy your video, looking forward to more!
hahaha.....funny comment Thomas.
มันดีมากๆเลยเพื่อน
My husband and I have decided that we will retire in Thailand as wealthy pensioners in our 50s. Our target date is within 36 months from now. We have a lot of downsizing to do! Thanks for this video!
A great improvement and something to possibly look forward to sooner than later.
Great video and info....
I don't understand why someone is subjected to a "vetted" process upon reaching 5 years to see if you still qualify for the remaining 5 years when you have already invested time and money, and were originally deemed qualified for a 10 year visa. I wonder what would happen then if your financial situation took a reversal at the 5th year mark although you were accepted as the perfect candidate at year one?
Thai visa’s seem SO complex all the time. All these requirements! It’s crazy. Why the permanent resident visa for the Philippines is so much easier. Not so many things needed. They also have a nice law for foreigners where if you just spend at least US$50,000 to buy a condo you automatically get the permanent resident visa. I know because I got one. Plus it allows you to open up a business. Plus they have a special window at the airport for these card holders. It’s called an ICR card. Quota visa. Thailand really needs to simplify their requirements. It’s nuts!
Thailand on a $500 billion hunt in 5 years 😂
250k-500k investments with not a lot of benefits is a deal breaker
Thai visa and permanent residency seems like bubble mind bursting now I will look at Philippines since I will just purchase 50k usd condo and get permanent residency seems simple and straightforward.
Hello ! Thank You very goog Video. I am Retired too in Finland.
Retired 4 You.
ขอขอบคุณครับสำหรับเรื่องดีๆครับ
Man this is awesome! I’m coming next month to try to figure out where to live. I really hope they make that change for home ownership 😊
Chris your the best
Thank you, this is an informative video. Nothing mentioned about the 10 year coverage for medical insurance.
THANKS CRISPARKER GOOD NEWS FOR LTR VISA I LOOKING FORWARD TO MOVE TO THAILAND FROM TORONTO
A major issue not mentioned is the Health Insurance requirement. For those US citizens over 65 this is a big cost if they can even get insurance since Medicare is not available in Thailand. The option to self insure requires $100000 deposit (not touched except for health care as I understand.)
Exactly right
@@melmalinowski9125 you have somehow presented that information to them in the wrong way. The 100k interpretation was very liberal for mine.
@@melmalinowski9125 it’s very true. Simply telling you how they interpreted mine. Account is fully invested. Albeit I’m not American….
I am one of those 1000 initial pensioner applicants. I am waiting to hear from them.
oh amazing....good luck!
I was born in Thailand, raised in Canada since I was 5 months old since 1985. After watching this channel, I've been trying to figure out how to retire here asap 🙃 lol
Thanks, well done!
Love your work and your commitment to humanity 👏
Q: As a disabled vet, under 50, making over 40k a year. What's the best visa available to a person like me?
From your perspective, would it be easier for me to expatriate to Thailand or the Philippines?
David
Phillippines does make it very easy for American veterans...
@todd mcgowan Thank you for the input. I have been looking into it and Phillipines seems to be where I want to be. But I'm still 38. So I'll have to wait for the golden years to have residency.
But Philippines is unsafe. Nowhere near safety of Thailand. Some people hire a bodyguard.
So thai elite card are still the best for most under 50, thanks!
Thanks to you for mentioning this! I just received my LTR Visa. Simple application process online. No bank account. No work permit. No 90-day reporting.
Wonderful!
waiting for that video !!!
My options for staying long term in thailand (As a software engineer):
a) Apply for a job in thailand and accept a lower salary. Hard because thai employers don't want to hire people who earn good money and have options in their home country.
b) Apply for the LTR visa. Australian employers want us to be in the office once a week even though we are in huge demand. It's still difficult to negotiate.
c) Work for an australian company, save 5000 USD per month and after a year, go holiday for 6 months. Hard because of lack of visa options even though I can fully support myself while in thailand. And don't suggest elite visa because it is not worth it if you are only going for 6 months every 18 months. And here's the thing, the elite visa isn't worth it if there is a chance you could find work in Thailand because they don't refund you for the remaining time of the membership should you decide you don't need it.
Or keep your software engineer role in your country. Work nights. Marry a Thai woman for a marriage visa or Retire here. These "smart visas" always have several poison pills built in which disqualify anyone that would actually want to stay here long term. I've been here 5-years from 38 years old until now. I usually work until 9pm until 2am and am on a marriage visa.
Irrelevant information
Stan qualified, but was one of the 75% that are getting fired by Elon Musk. Too bad Stan.
that's a good one
Not only that, most public companies don't allow remote work. They all want you to come in sometimes (or stay in the state) where they have their business.
If Stan worked at Twitter he should not only be fired but put on fire....
😂😂👍
Rip Stan 😂
We are heading there in 3 weeks. A few months of travel, then thinking of settling in Thailand.
Chris you are amazing !!!
The problem for Stan is that he has just been fired by Elon Musk, along with around 50% of Twitter employees😭
Great informative video, Chris!!!
I was looking for this comment.😆
😆 you read my mind
Stan has to support himself now by converting😁 into a ladyboy.
Crazy, if you that rich and making that kind of money to qualify for that Visa I don't think you would be moving to thailand. The people that go to Thailand go because their money is worth more and they can get more out of their money in Thailand than they can at home. Regardless of the food the beauty and so on if the Thai baht was equal or more than your home currency you would think twice going to Thailand.
$80,000/year is hardly rich in the US. While the favorable exchange rate here in Thailand is great for those with a low income it works the same for those of us with higher income. We get more for our money too. Thailand is a great place to be separate from the economic benefits.
I'm Thai you said is very true ,Thailand is a good place for western expats for their budget rent a condo and try to live as thai will save your money don't buy anything or investment in risk I'm a thai expat Bangkokian I kicked me out from bangkok to stay in another province for save money.
120k a year is not that much lol people who makes 100k-150k WILL want to move to Thailand because of the low cost of living and use most of their leftover income for investments. It's not about being able to afford to live somewhere "better", which is super subjective. Thailand to me is one of the best, good beach, good mountains, good cities, BEST food.
That's right they b residing in south France with the fresh air and high class public amenities aaahahahaha Thai delusions LOL typical
@@lecannet Thailand is a great place to live whatever your income. France . . . boring
Great video 🎉
Thank you 😁
Thanks for the info, great video. Did you discuss the health insurance requirement under the LTR with the official you interviewed?
Talked to a expat from Uk in Bangkok a few weeks back and he has been living there for years on a retirement visa .
He basically said he doesn’t do anything just pay a agency around 500 bucks and they do all the paperwork and every 90 days he pays them a small amount for them to do the reporting.
I got the impression he wouldn’t normally qualify if he applied himself something about the problems for him to provide required documentation but doing it this way was very easy .
I guess there is always a way around things
Agency name?
$500 is about 19,000 baht. An LTR for a pensioner is 50,000 baht. For anyone using an agent the 10 year LTR is considerably cheaper.
@@martypoll Well, freedom has its price ;-)
@@LeoR4U Haha good one
@@leotravel85 there’s lots in Pattaya n Bangkok max 34000bht first year then 12000 to renew
Thailand is amazing... however my only gripe is that I wish the tourist visa was at least 90 days... while these visas are nice it's a bit high to meet the income requirements of $80k/yr...
You are right.❤
It's one of conservative Kingdom you know. Looks like they polite and vigorous but in reality, it's the country attempt to be isolated from foreign influence.
Thank you so much Chris for this video. We’re going to apply! Your video helped to clarify the “pension” so we do know we qualify. Prior to your video, we were unsure. Thanks again. 👍
Wow, amazing video man👏 18:21 the cherry we want to know
Once foreigners can buy villa's including land thats the game changer. Thats what where all waiting for. Can get these thai elite visas anytime.
It's the hardest thing to happen.
Because the law has to be passed by the parliament and the conservative legislators won't be able to pass these things.
You will be able to do it. 40m
Invested into Thailand and you can have 1 rai.
I think the facts remain, if you can’t afford to loose it don’t buy it.
@@JohnMartin22222 If you have 40 million
You're just looking for a Thai wife.
40 million, you're still not going anywhere. and if you spend 1 million baht per year in Thailand
You will live for 40 years. by being a Thai husband
It's easier than a one-time investment of 40 million.
Thanks for the info I needed, Chris. I think Thai govt will get realistic about requirements and then gets them halved in a couple of years or so
In the US, if you try to sell a bond before it has matured, the selling price could end up being lower based on finding a buyer and what they're willing to pay.
Thailand is exciting and fun and the thai people are wonderful.
Sorry, 20 year Thai Elite Superiority Extension visa is the way to go. 20 year visa for 1,000,000 Thai Baht ($26518 USD). Sure, you have to pay up front, but if you break that down its $108 USD per month for 20 years. And no need to "invest" 250,000 USD or 500,000 USD in Thailand.
Yes but why does this visa get exempt from 90 day reports and not Thai Elite
Eh I just got back from Thailand and I don't know a whole lot about it but seems like the monthly border run would just be easier for me. The one things the Philippines does have better is you can keep extending up into a much longer before you have to make a border run
He listed multiple options without the investment criteria.... Also you aren't factoring in time value of money. But yeah if they are going to tax your income I would say 20 year elite still better
You can just have 1 million in us assets though.
This is the best way to go honestly
One thing that confused me is when you mentioned someone retired that had $ 800k US lets say and you divided it by the 10 yrs to get the $ 80k needed to qualify and you thought she said yes to that and she did BUT then she emphasized it was for annuities and pensions. So did she mean they only count your retirement savings if it is in a proven annuity or pension or is it OK being in stocks?
At the 14:40 mark in the video you where clearly using the example of a couple owning $ 800k or $ 1 Million in a stock IRA fund and can use that and she said yes but only if it is in a pension or annuity fund. So there might have been miscommunication there?
Well spotted 🍻
THANKS CHRIS YOU ARE THE BSET FROM TOROTO
The office is NOT located in the SAMYAN Mitrtown Building as depicted in the video. It is located across the street on the 18th floor of the Chamchuri Square Building!
I applied because of your post, great information and interview. It's still a bit fuzzy to me. I am retired but unwilling to put my money in an annuity (usually a poor investment strategy). I manage my stock portfolio (yes it's down). I previously already "owned" two properties here in Thailand but I couldn't put them in my name due to Thai property ownership rules. We put the house we build in my Thai wife's name and the townhouse in a Corporations name. When you buy a place you also spend quite a bit to update the places so the purchase cost doesn't reflect the actual real estate investment. I also am putting two Thai kids through University (supporting a family) but that's. not part of the consideration. They also want you to evidance longer term health insurance. I buy my Thai health for when I am in Thailand, buying a long term policy just to meet the application criteria hmmm. As I said I applied, let's see what happens, hope it works out. Thanks for the information.
What's wrong with a retirement visa ?
..or marriage visa?
@@captainLoknar Nothing wrong with them. I just prefer not to hassle with the reporting requirements as I am in and out of the country. Perhaps you can enlighten me on what happens (married visa) when you are out of Thailand and need to renew?
D.C. area code?
@@sgraham005 reporting is done once in person then with the online process. if you apply 7-15 days before the 90day limit it always goes smoothly and takes 1 minute
Get a multiple entry visa and renew it annually
I don't think I would feel comfortable having assets invested in Thailand. I'll have to stick the regular retirement visa. Nice options for those who choose to do them though.
This is not good option for even millionaire's stand point.
Not anymore than in US banks or any collective west's banks now a day
Thanks for the video, Chris ) This is Stan ) One question - I've written an official message to LTR website, but they seem to be very busy. Is 50k THB a payment for one person? So, the total cost for a family of five would be 250k?
I for one would like a video from you on starting a business in Thailand.
The requirement for the $1M to be in an 'annuity' or pension fund is preposterous. If you can prove you have a $1M liquid net-worth you should be good to go imo.
Yes, the annuity or pension fund makes no sense.
It is the latter, at least USD 1 million in assets for Wealthy Global Citizens, plus the other requirements listed on the website.
@@aublumberg Solely having >$1M liquid should qualify you. >$1M + >$80k/a income requirement is stupid.
Great Item. Cheers.
Yes you should do a video about allowed types of business allowed in Thai
I'm wondering if all the women from neighboring Cambodia and Laos who immigrate and work in all the bars and clubs in Bangkok and Pattaya have to meet these same financial requirements?
No. People from certain ASEAN countries can work normally like Thais. No extra documents needed. Laos , Cambodia , Myanmar and Malaysia all can work freely without any extra requirements for salary , education etc.
It changed. If those women work without work permit or proper visa, if they get caught, they will be whacked regardless their nationalities @@marcanthonyskidmore4131
Chris, I qualify for the pensioner visa, but I'm curious if it's based on gross or net income. Any word on that?
I applied earlier this month. I believe it is your gross income. You send them your taxes return to verify your income.
Gross income reported on your 1040
$80k a year pension ..wow..lucky man, enjoy.
@@ChrisBird1 Thanks to a 30 year engineering career. I recognize that pensions like this are rare now but less so for current retirees.
What's so great about new thai visa and keep it for tuk-tuk guys kap.🙏
First, thanks so much for the video. I love how prepared you were to go in and ask really specific questions, and then the follow up and clarification were also great! Wonderful job!
I make just over $75k/yr. I'm hoping that I get a raise that bumps me up to $80k, but even then, I'll have to wait two years, right?
Is there any way around that?
If I submit proof that I'm currently employed and make the $80k, but don't have two years at that level, I'll be denied?
I understand the decision. It's smart. But it is a bummer for me if that's the case, as I'm so close.