10 year visa for Thailand?

[Rockitt]

I saw this today on another site.
10-year visa for senior tourists | Bangkok Post: business.
A big change from the current requirements of...
Bank Account showing THB 800,000
Monthly income of at least THB 65,000
Combination (Bank Account + Income x 12 = THB 800,000)

 

[Moo Uaon]

100,000/month or 3mill in the bank as well as good health cover.
Not for your typical expat but good for those who can meet the requirements

 

[Cippy]

Hmm, so I might qualify in 6 years, 555

Only I make way over 100,000 a month some months and way under others. I wonder how that would play out?

 

[Zablive]

Try to get Health insurance for Thailand if over 70 ...

 

[Tingtong]

100,000 a month ? thats about $3,800 Aud.... so thats all the Pensioners ruled out. So why dont they just be Honest and say we dont want you here unless your wealthy.

 

[MarcTwoSix]

100,000 a month ? thats about $3,800 Aud.... so thats all the Pensioners ruled out. So why dont they just be Honest and say we dont want you here unless your wealthy.

A lot of countries at the same
Why would you recruit people who aren't wealthy?

There is always income/wealth stipulations in immigrating to a country

 

[Cippy]

A lot of countries at the same
Why would you recruit people who aren't wealthy?

There is always income/wealth stipulations in immigrating to a country

Yeah, why do they want poor pensioners? They get them anyway.

They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people.

 

[Tingtong]

A lot of countries at the same
Why would you recruit people who aren't wealthy?

There is always income/wealth stipulations in immigrating to a country

Ok , In the interest of fairness make it so people over 50 from thailand meet the same restrictions when coming in to our country . 100.000 bht a month get your own medical ins, oh and the dont forget you wont be able to buy land here , get social security etc. Thats fair isnt it ? same same both country's . No one could claim discrimination if its equal conditions for both.

 

[Moo Uaon]

I think the old retirement extension must sill be available?

 

[Changone]

Ok , In the interest of fairness make it so people over 50 from thailand meet the same restrictions when coming in to our country . 100.000 bht a month get your own medical ins, oh and the dont forget you wont be able to buy land here , get social security etc. Thats fair isnt it ? same same both country's . No one could claim discrimination if its equal conditions for both.

Errrrmmm...don't think we have to worry too much about being invaded by old broke folks from Thailand, or anywhere else just yet...555

...Based on current planning levels, applicants for a Parent (non-contributory) visa can expect an approximate 30 year wait before visa grant consideration after being allocated a queue date.

 

[Changone]

100,000 a month ? thats about $3,800 Aud.... so thats all the Pensioners ruled out. So why dont they just be Honest and say we dont want you here unless your wealthy.

^They don't say that, but they DO think it...then all the smiling and "Thainess" covers it up....555

 

[kaptainrob]

Basic hospital cover appears to cost approx us$35,000 over 10 years otherwise the criteria is less than I would have expected. 90 day reports kind of spoil the deal too.

 

[Changone]

^Yep, also not really ten years, more like Max 2x5 years, don't see much difference, just trying to hike the monetary requirement...

 

[Rockitt]

I expect there will be a lot of people who are out there on the old system requirements. This will come as a shock to them. Maybe they will be given some sort of 'Grandfather rights' to carry on living there on the old system. If not, there could be a rush to sell up. Bang goes my dream of retirement there I think.

 

[bacwaan]

nowhere does it say that the existing system is being replaced...ie yearly extensions for those over 50 who originally came in on a visa....sounds like another option

i really wouldn't want to commit to 10 years and 3 million baht in the bank here..and I have lived here for nearly 8 years already

 

[Moo Uaon]

Here's what the news story says...

"The cabinet on Tuesday extended to 10 years from one the long-stay visa for foreigners aged 50 or more."

I read that as the 1 year visa has been extended , or changed, to 10....2x5.

 

[bacwaan]

^ well maybe the Visa (Retirement OA) will be changed to 5/10 for those applying in the future...or there will be 2 types (one for a year at a time and one for those wanting the 5/10 option)...but I am here on a "permission to stay" (extension for another 12 months at a time) rather than a Visa...so I have no idea if this announcement will make any difference to that....and I doubt whether the people behind the announcement do either 555....it is not covered....

as usual..everything is as clear as mud in Thailand

 

[Moo Uaon]

Yeah needs clarification but the way things have been going in recent years. ...certainly would be a stampede for the door.

 

[MarcTwoSix]

Basic hospital cover appears to cost approx us$35,000 over 10 years otherwise the criteria is less than I would have expected. 90 day reports kind of spoil the deal too.

Didn't it said need to be covered for 10kusd for the year?
That's what a basic insurance policy covers, no?

Or maybe I am reading that wrong?

 

[Moo Uaon]

Yeah it talks about the level of cover not the cost.

Other cost (10k baht) and requirements are quoted in baht too....so an in-country extension or permission to stay seems to be what they are on about.
Odds-on a backflip though!