I live in Thailand for 3 years now on tha Thai elite visa, it’s been amazing because I can leave and come back whenever with no hassle and I get elite care at the airport ETC and a driver, Thailand has been great for me
The King can change his mind at a moments notice. If WEF tells him to mandate poison vaccines he'll do it and you cannot say otherwise. Andy does not look at the reality of Thailand.
Anyone over 50 should just get a normal retirement visa , which you renew annually. You merely have to put 800,000 baht in the bank or an income equivalent. All these other visas are really not worth it for retirees.
@@sweetsweet3753 please open you passport and look with your eyes open, that stamp you get every year is an “ extension of stay” , on another page you have your visa which is a different thing and is not renewed annually In Thailand… look closely at that visa a try to find an expiry date… that’s right, it doesn’t have an expiry date, it only has a date before which you have to enter Thailand. The only difference a 10 years visa would make to you is that you would not need a re-entry permit to leave and re-enter Thailand.. you would still need to get that annual extension of stay every year. The reason it’s often mistaken for a retirement visa is because it has the word “retirement “ stamped on it.. that’s the reason given for the extension of stay… there is no word “visa” on it, it’s not a visa.
@@andrewstones2921 why the sh1tty opening response?? call it what you want - Thai immigration and various Thai visa websites reference as a retirement visa so thats what i reference it as.
Extremely uncomfortable "investing" in Thailand or having to put a large sum of money into a Thai bank. It seems like the 20 year Elite Visa would be the least amount of worry and hassle. At todays rates that would be $27276 USD total or $113 USD per month for 20 years.
Well said Big Dan, in truth any expat who has spent any time in Thailand feels as you do, the only people who think it’s good/safe/easy are the ones who have never been or have recently arrived with much to learn. Don’t take in more than you need, rent rather than buy.. if after 3 years you feel like investing then go ahead, but remember the only way to make a small fortune in Thailand is to start with a big one.
@@andrewstones2921 I feel South East asia is a good long-term investment overall. I'm not sure what you are seeing that scares you away from any investment.
@Mark Seymour thai elite has been amazing for me, I paid 16k USD for 5 years of in and out whenever I want, and a driver whenever I need + dental care and a personal assistant...
If you are a Brit and decide to retire to Thailand, you will not receive your annual pension rise, better to retire in Philippines where you will receive it...
So I have lived in Thailand on 1 year business visas for the past 25 years. I recently resigned from my job and switched to an "O" non immigrant visa but you can also get this visa inside Thailand after you have arrived on either a visa free entry or a tourist visa. This type of visa is only available for those 50 years of age or more and have deposited at least THB800K in a Thai bank account. If you're younger you need search for other options.
What I like is that Thailand is providing many different options so more likely to find one to match your objectives, finances, age, etc. Elite visas are a way to buy simplification & convenience, or if dont qualify for other visa programs.
Why bother jumping through all the hoops with this visa? If I'm wealthy enough to qualify to begin with, I would rather just pay for the Thai elite visa and be left alone.
America and European visitors to Thailand are not eligible for visa on arrival. Instead they get visa exempt entry stamp, which I think is what you mean, but actually very very different. The length depends on how you enter, land and air entry gets different amount of time.
Thanks for the video! It's been over a year since this video so I'm hoping to see an update to this video giving your thoughts on the situation with the Thai Elite Visa is going away and Thailand new tax law going into affect 1/1/2024.
I’m confused - this video mentions 80,000 dollars for a retirement visa. That’s very different to the 800,000 baht mentioned on all other sites. What is the requirement?
Starting October 1, 2022 and ending March 31, 2023 (tentatively), visitors to Thailand from 50 countries can get 45 days without a visa and a 45 day extension for 1900 baht ($52). almost all of their plans are extremely ambitious.Their goal is to go from upper middle income to high income by 2035. They have come a long way in the past thirty years. However, when it comes to visas and their expectations, I think they're premature and seriously overshooting their mark.
100% on my list of places to be! I love the fact that they have a 10 year retirement visa that I can take advantage of (being over 50). Totally down for that!
Regardless of the visa, you will need to renew your extension of stay every 12 months and report to immigration every 90 days. The only difference between a 1 year and 10 year visa is that you won’t need to buy a re-entry permit every year.. that’s all. In reality 10 year visas are very hard to obtain and you need to go to an embassy… golden rule for Thailand is when getting a visa is it’s much easier in a consulate that an embassy. The visa does not expire, it’s only got a last date by which you can enter.. re-entry permits extend this indefinitely. I know people who still have active “1 year” visas after 17 years, they can be transferred from old to new passport. It’s the annual extension of stay that gives you the right to remain. Enter with a 1 year visa and you can be thrown into jail for overstay 91 days later if you don’t visit immigration! Ok you won’t go to jail if you can pay the fine, but you see my point. Massive confusion over the difference between visa, entry stamp and extension of stay.
@@andrewstones2921 incorrect, if you have a valid 1 year visa, but miss your 90 day report, you will not go to jail, you will merely pay a small fine next time you visit immigration. Going to jail for an immigration offence is highly unusual and reserved for egregious breaking of the law. Even overstaying for years won’t land you in jail, but it will get you thrown out and unable to return any time soon.
@@Tra980 I asked 2 different immigration officers, one in Bangkok and one In Chiang Mai and they confirmed that 90 day reporting is still required.. annual reporting is also required for extension stamp but thats totally different from 90 day reporting anyway. Of course there is nobody with a LTR visa who has been in Thailand for 90 days so this could change. After living in Thailand for 16 years I learned this, never take immigration advice from anyone except immigration themselves or the official government website…
I definately would not keep it in 1 bank only. I would also not keep it all as savings deposits. Some stocks, and maybe an affordable condo unit that I own/live in.
@@SiameseCheese almost all foreigners advise against buying a condo in thailand though (little appreciation value + massive oversupply). everytime I tinker with that idea, I get discouraged.
@@Bkkboyyz I got 2 condo units in the Bang Sue area. Cost was about ฿1.2 milion for tiny 28 sq.m units. I have US dollars and with the depreciation of the Thai currency this was too good an opportunity to pass up. 1.2 million ฿ is 32,000 USD the price of a new car in the US. I don't expect it to appreciate in value until 2025 but I'm the buy and hold type.
@@SiameseCheese How are you finding units for B1.2mn? Are they older units? Any new construction by the big developers (ap/sansiri etc) is going for 3million for a 28-30sqm from what I'm seeing online in Bang Sue and pretty much anywhere in outer Bangkok. I've been tracking condo prices in a few areas for a few years now and have never seen a massive jump, but maybe I'm focusing on the wrong areas.
@@Bkkboyyz It was new construction called Regent home Bang Son. It is near the Bang Son station station on the purple line and Light Red line interchange. My units are on the 12th floor. Higher units cost slightly more than lower units.
I love Thailand but it is too expensive now and the country is unstable. I will never put this kind of money there unless you think it is OK of not getting back.
Much easier to get Visa FOR RETIREMENT PURPOSES - 50 YEARS OLD (NON-O)... Only need a savings or fixed deposit account of not less than Baht 800,000 balance. (US $22000)
Thank you for what you and your team do. So much information and for me further areas to research. What is your opinion of India, Bangladesh, Pakistan etc region of the world?
Yeah, but you missing out all those Ladyboy bars. The worst can happen if the government starts to cattle up its citizens. We can run to our nearest U.S. embassy.
You are correct, and in truth matters of government mean little to retirees. I lived through 2 coups in Thailand and a whole load of political instability and it had about zero effect on me.
@Mark Seymour I was not watching videos about retirement options in Thailand! Have you watched the video or read the title ? It’s about residence permits in Thailand for people of all ages.. I’m not even retired or close to retirement
U must also Advise on " Earning potential" in a country including for professionals say Doctors/ IT professionals etc . Plus which stock exchange is better performing?
As a digital nomad making 6 figs post tax, which allows me to whatever I want, i have no reason to give taxes to the thai government when I'm doing more than enough by spending infinitely more than locals. I will continue to use my tourist visa.
@@GiacomoVaccari as nobody has answered your question, I will. Not long is the simple answer, most consulates or embassies will not issue back to back tourist visas and even if they did you would be denied entry after doing it a couple of times. However if you spend half the year in Thailand and half the year elsewhere then that’s ok. Visa runs are usually the name for trips to be border as each entry on a tourist visa is good for 60 days or 90 with a 1900 baht extension to each one. if you had a 9 month triple entry tourist visa you would have to leave and re enter Thailand 3 times to get the full use. If you are staying in Thailand for over a year then we all know that using a tourist visa is an abuse of the tourist visa as you are clearly not a tourist by any reasonable definition, immigration officers are not stupid. 20 years ago or even 10 years ago you could get away with it, not now. If you want to spend a year or more in Thailand then a tourist visa just won’t work for you.
Very interesting. Thanks for the video, as always! Unfortunately I don't qualify. I'm hoping the Bali 5-year digital nomad visa is better for my situation, as I am souring a little on Thailand. I never thought I'd say that. I may still consider the Thai Elite visa, but I am starting to look more towards Colombia and Panama and places over here in the Western hemisphere.
The requirements in some cases are nonsense. And they're very behind on this. Their goal is to bring almost 17,000 people monthly for 5 years (1 million). Well, since this new LTR visas are available, September 2022 if I am not mistaken, the numbers are 3000-4000 people in total until today. I'm in the 3rd group, remote worker, I earn more than 80k, I meet all the requierements but working for a company. I am a freelance so I do not work for any company. I have clients, S&P500 companies. But I am not an employee. Most of the digital nomads with high income I know are freelance like me. So thank you Thailand, but most remote workers are out because of that requisite. Even if we wanted we could not apply to that visa.
There are options for moving to Japan, although their vetting process is stringent for full-time residency. A pension is required, or provable income in other forms. 5 year in-country before you can apply for residency, etc. The fact that there is a way for a guy like me to live in japan again gives me hope...
Andrew, I live permanently in Thailand on a dependent visa. Lovely weather, beautiful locations, yes. However, the "go where you're treated best" motto, is definitely not Thailand. Non Thais are treated as low class individuals, especially by the attitude of immigration and the huge police corruption.
Well, I am living here for more than 10 years, and this is what paradise will probably look like. Cheap Charlies might struggle, but if you are not, like the target market of this channel, this might be one of the best place of earth, with no Woke BS as a bonus. Pay a bit more for services, use lawyers when needed, do not do stuff yourself to save few baht, dress well, smile, tip and everyone will « sawasdee » at you all day - and all night - everywhere you go. I am still pitching myself everyday…
@@codyge18 I've lived here for 10 years, because I have a Thai wife and our daughter. Let's call it a type of racism against non Thais. My wife and Thai friends see this too.
Dont you have to pay taxes in america regardless if you have a thailand visa? Why pay thailand tax on top of the taxes im already paying here in the states?
Does residency permit bringing a spouse in? What I mean is, if you can show the $80,000 income, you get to come. Can your spouse come too or does s/he also need to show the same minimum level of income?
Hi, thank you for your interest in Investor Visas! We've compiled detailed articles on this topic that you might find helpful. Here is one of them: nomadcapitalist.com/global-citizen/top-5-investor-visa-programs-better-us-eb-5-visa/
Helpful video thanks. But you should change the title to "Thailand’s New Residence Permits for Wealthy Individuals" as this is not accessible to most people...
You can have luxury life in this country with low cost of living but the high crimes and scams are here but they are almost cover up. If you want to be here Stay Safe and be secure.
Americans are taxed on all incomes, so I don't know what the point of the Thailand's low-tax residence permit is other than allowing us to live there for a prolonged period of time.
@Mark Seymour I understand your point for non-American. He is from Ohio and speak to Americans to make the move abroad to reduce the tax pressure. He should caveat his points then about this not applying to Americans.
500k dollars to invest in a thai bond? Now why don’t you do the Portuguese one instead ? Real estate does not qualify Is there anything new in this video ?
A Taco Bell in Thailand, a country known for GREAT food? Are you sure you're positioned for "7-8 figure entrepreneurs?" You think "7-8 figure entrepreneurs" care about Taco Bell?!? 🤮🤣
Family visa ? Do you mean an O visa and reason for issue being to visit friends of family in Thailand, maximum stay 90 days but can leave and return within one year if you get multiple entry. Or did you mean “ extension of stay for the purpose of supporting Thai spouse” which is an annual extension where you shown evidence of financial support. Neither has any relevance to having kids, the only way kids can help with a extension of stay is if you have sole custody.. good luck with that !”
@@andrewstones2921 I have a non IM O based off my 2 kids. The visa is good for one year and requires 90 day reporting. If I do the last 90 day report at local immigration just before the visa runs out I can stretch the visa out to last 15 months. costs 1900thb or about 100$. No I dont have sole custody and live with my kids mum but we are not married.
@@magamike1800 yes Of course having kids is a good reason to get a O visa, what I meant was that it won’t get an annual extension unless you have sole custody
@@andrewstones2921 Just did my last 90 day report at immigration and asked how much for next years 1 year visa. Immigration officer said 1900thb plus 'commission'. it wont be an extension. it will be another one year visa which I can use for another 15 months.
@@magamike1800 commission.. yes, anything is possible with corruption money. It can work, the problem is that once you start that you are usually trapped and have to pay “commission” every year. Sometimes it cans work to your advantage though. Good luck. I lived in Thailand for 16 years and only left so my son could get a better education, love Thailand very much and expect to return when I retire.
Do foreigners purchasing (investing in) property in Thailand need to pay a foreign tax (fee) on the purchase price at closing like they do in Malaysia? If so, people may as well just do Thai Elite and forego the invest entirely.
@@bsdontop1000Thanks. From what I understand, foreigners can buy condo units offering foreigner freehold title, as long as the condo building has majority Thai ownership. Can also form Thai company (need Thai partner majority) and buy property directly through the company. Either way, I'm still curious whether a foreigner "tax" is charged in the former example.
@EvolvedBonobo gotcha o jave no ides about the property tax from what I have been doing in research the closest to owning land is you have to start a business llc with 51% ownership being thai. So hopefully you have trust worthy friends, and that company can buy land. Or you as a foreigner can buy a House but you cant own the land it is on, you would have to lease the Land itself for up to a max of 30 years. And the condo is the only thing a foreigner can buy if it's owned by a majority of thai people lol. Been looking to at moving to thailand and buying a house but seems it will be extremely difficult If I don't have alot of money or at lwaat 3 thai friends
@@bsdontop1000 Personally, I wouldnt buy a house in Thailand. I've heard way too many horror stories. Everyone I met who owns a foreigner freehold condo has no regrets, often 20-30 years later! Renting is so cheap anyway and always a safe bet. Just my 2 cents.
@EvolvedBonobo true, I have a fiance out there. I was gonna marry start a familyandnwhat not, buttttt don't want to buy a house in her name just incase, lol wanted it in mine 😅
Because of Marash, Antep, Kilis, Adana, Mersin, Konya, Adiyaman earthquakes and 10.500 aftershocks , killing 50.000 Turks, syrians, wounded 150.000 Turks heavily and 120.000 Buildings and offices, hotel fell apart immediately since 06 02 2020. Since 1999 , Marmara deadly earthquakes had occured and 86.000 İstanbul buildings are decrepit, in very bad shapes. Elazig, Yalova, İzmit, Adapazarı, Van, Malatya , Muğla, Fethiye , İzmir cities of Turkey have seen 7 and above deadly earthquakes.
Thai banks will not as of March 31, 2023 allow a nonThai to open a bank account needed for a long term visa without a Thai work permit or already issued long term visa. Try to get an appointment at the US Embassy to get manditory Embassy notary stamps. In 2 trips, 125 days unable to get into Embassy as claim every month booked. Embassy either not working or ignoring their citizens since Biden elected.
Appreciate the info on Living in Thailand, can you please speak to getting your money/investments out of the Thai banking system when needed, a lot of expats living in Thailand in your comment section have mentioned difficulties getting there investments out of Thai banks.
Even for me as a millionaire I wouldn't invest a penny in Asian countries I am paying this I am paying that what am I getting in return the chance to live there I don't think so I think South America is a more attractive option
Thailand's income tax isn't that low because it's a progressive tax system. I have to pay twice as much tax here when compared to living in California with the same amount of income.
LOL. Thailand is a tax haven for rich people. Just because you work here in a "job" and pay local taxes, don't try and tarnish the good name of Thailand as a tax haven with your lack of knowledge... Please! Job = just over broke
Far from realities of digital nomads or digital/online business owners. I own an online business making more than 80k per year but why should I invest half a million to a Thai bond??! And besides, why and how should I proove +1m welfare?! After reading their heavy requirements, I will never consider applying... I am surprised why they made it so difficult and complicated for wealthy digital nomads, while tons of low salaried illegal immigrants comfortable flow into the country from all neighbouring countries!
After recent events. I wouldn’t invest one penny anymore. I am calling everybody I know that is a venture capitalist and all in agreement not to put one red cent in Thailand. the timer forget it. Take money where it is more appealing Z it’s not that good and far too bad air! Thailand is too weird .
my worry is the new government. there too liberal and leftist. they have no technocrats in their ranks, i'm highly worried of how they will handle the economy especially with thaksim around.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
@@rhysdinero5294 The locals are all “short” arguably unattractive. it’s unsophisticated, lacking culture, excessive humidity, hard to grasp ugly language, dirty and overcrowded. I could go on ! I love visiting, but a week is long enough.
@@propellerhead2000 I’ve visited once with. with my family … Krabi (fab hotel ) .. A couple of motorcycle tours (20 nights ) around Chang Mai every Feb. Also BKK about 20 times, maybe more, on airline layovers ..
"Great weather".... As a native i would like to say... 𝗞𝗜𝗟𝗟 𝗠𝗘! In Dumbledore's voice. The heat combined with humidity is unbearable and i'm half white. I get the worst of both worlds. My white half is very susceptible to heat. I sweats like a water hose and my hairy body made it worse. I had to shave twice a month. My asian half also made me very susceptible to sun light. I'm now a living zebra crossing my arms and legs turned too tan to the point of borderline brown and i dislike having dark skin. AURGH!
I live in Thailand for 3 years now on tha Thai elite visa, it’s been amazing because I can leave and come back whenever with no hassle and I get elite care at the airport ETC and a driver, Thailand has been great for me
Tell me about the ladyboys
@T F they are there if you like 😎
Do you still need 90 day reporting?
The King can change his mind at a moments notice. If WEF tells him to mandate poison vaccines he'll do it and you cannot say otherwise. Andy does not look at the reality of Thailand.
@@lesliejameskellaway5527 i just confirm with a lady through 2 minute FaceTime that im in Thailand, that's it lol
Anyone over 50 should just get a normal retirement visa , which you renew annually. You merely have to put 800,000 baht in the bank or an income equivalent. All these other visas are really not worth it for retirees.
You are, of course, talking about the annual extension of stay… the visa was that thing you got at an embassy or consulate outside of Thailand…
@Trevor Smith I’ve withdrawn my baht from my bank in Thailand.
yeah i just do the standard yearly renewal retirement visa - no agent - easy process. i may look at this new option some point down the line.
@@sweetsweet3753 please open you passport and look with your eyes open, that stamp you get every year is an “ extension of stay” , on another page you have your visa which is a different thing and is not renewed annually In Thailand… look closely at that visa a try to find an expiry date… that’s right, it doesn’t have an expiry date, it only has a date before which you have to enter Thailand. The only difference a 10 years visa would make to you is that you would not need a re-entry permit to leave and re-enter Thailand.. you would still need to get that annual extension of stay every year. The reason it’s often mistaken for a retirement visa is because it has the word “retirement “ stamped on it.. that’s the reason given for the extension of stay… there is no word “visa” on it, it’s not a visa.
@@andrewstones2921 why the sh1tty opening response?? call it what you want - Thai immigration and various Thai visa websites reference as a retirement visa so thats what i reference it as.
Extremely uncomfortable "investing" in Thailand or having to put a large sum of money into a Thai bank. It seems like the 20 year Elite Visa would be the least amount of worry and hassle. At todays rates that would be $27276 USD total or $113 USD per month for 20 years.
Good point. If you amortize the investment it doesn’t seem so much. But finding the money for a lump sum like that can be difficult.
Well said Big Dan, in truth any expat who has spent any time in Thailand feels as you do, the only people who think it’s good/safe/easy are the ones who have never been or have recently arrived with much to learn. Don’t take in more than you need, rent rather than buy.. if after 3 years you feel like investing then go ahead, but remember the only way to make a small fortune in Thailand is to start with a big one.
@@andrewstones2921 I feel South East asia is a good long-term investment overall. I'm not sure what you are seeing that scares you away from any investment.
thai elite is the best option
@Mark Seymour thai elite has been amazing for me, I paid 16k USD for 5 years of in and out whenever I want, and a driver whenever I need + dental care and a personal assistant...
Thailand has lots of ways of separating you from your money ! 😱
555
So does America and every other country.
@@majortom8047 But faster in USA than Thailand.
P u sss. Sss. Y
Keep away from the women
If you are a Brit and decide to retire to Thailand, you will not receive your annual pension rise, better to retire in Philippines where you will receive it...
So I have lived in Thailand on 1 year business visas for the past 25 years. I recently resigned from my job and switched to an "O" non immigrant visa but you can also get this visa inside Thailand after you have arrived on either a visa free entry or a tourist visa. This type of visa is only available for those 50 years of age or more and have deposited at least THB800K in a Thai bank account. If you're younger you need search for other options.
Should look into PR visa. But subject to annual quota.
@Mark Seymour unless you are planning to become a Thai Citizen so you can buy land and vote.
What I like is that Thailand is providing many different options so more likely to find one to match your objectives, finances, age, etc. Elite visas are a way to buy simplification & convenience, or if dont qualify for other visa programs.
Hello from Thailand. Yes, it's a great place to live for sure
Why bother jumping through all the hoops with this visa? If I'm wealthy enough to qualify to begin with, I would rather just pay for the Thai elite visa and be left alone.
Now it is gameover
I can't tell you how exceptional your channel is. Gold Mine.
Not so tax friendly now😢😢😢
Visa on arrival in Thailand is now 45 Day and you can extend for another 45 days = 3 month
Excellent
America and European visitors to Thailand are not eligible for visa on arrival. Instead they get visa exempt entry stamp, which I think is what you mean, but actually very very different. The length depends on how you enter, land and air entry gets different amount of time.
Thanks for the video!
It's been over a year since this video so I'm hoping to see an update to this video giving your thoughts on the situation with the Thai Elite Visa is going away and Thailand new tax law going into affect 1/1/2024.
I’m confused - this video mentions 80,000 dollars for a retirement visa. That’s very different to the 800,000 baht mentioned on all other sites. What is the requirement?
Starting October 1, 2022 and ending March 31, 2023 (tentatively), visitors to Thailand from 50 countries can get 45 days without a visa and a 45 day extension for 1900 baht ($52). almost all of their plans are extremely ambitious.Their goal is to go from upper middle income to high income by 2035. They have come a long way in the past thirty years. However, when it comes to visas and their expectations, I think they're premature and seriously overshooting their mark.
Yeah, 250K in investments is a lot. I could invest that amount in portugal and get EU residence +citizenship.
Thai elite seems to be better and cheaper in most ways
but investing for rich guys means you don't pay anything
@Trevor Smith What are the names of those Cambodian and Philippines visas?
100% on my list of places to be! I love the fact that they have a 10 year retirement visa that I can take advantage of (being over 50). Totally down for that!
you're vintage dude
Regardless of the visa, you will need to renew your extension of stay every 12 months and report to immigration every 90 days. The only difference between a 1 year and 10 year visa is that you won’t need to buy a re-entry permit every year.. that’s all. In reality 10 year visas are very hard to obtain and you need to go to an embassy… golden rule for Thailand is when getting a visa is it’s much easier in a consulate that an embassy. The visa does not expire, it’s only got a last date by which you can enter.. re-entry permits extend this indefinitely. I know people who still have active “1 year” visas after 17 years, they can be transferred from old to new passport. It’s the annual extension of stay that gives you the right to remain. Enter with a 1 year visa and you can be thrown into jail for overstay 91 days later if you don’t visit immigration! Ok you won’t go to jail if you can pay the fine, but you see my point. Massive confusion over the difference between visa, entry stamp and extension of stay.
@@andrewstones2921 incorrect, if you have a valid 1 year visa, but miss your 90 day report, you will not go to jail, you will merely pay a small fine next time you visit immigration. Going to jail for an immigration offence is highly unusual and reserved for egregious breaking of the law. Even overstaying for years won’t land you in jail, but it will get you thrown out and unable to return any time soon.
@@andrewstones2921 the new LTR visa changed the reporting from every 90 days to once a year and allows multiple entries .
@@Tra980 I asked 2 different immigration officers, one in Bangkok and one In Chiang Mai and they confirmed that 90 day reporting is still required.. annual reporting is also required for extension stamp but thats totally different from 90 day reporting anyway. Of course there is nobody with a LTR visa who has been in Thailand for 90 days so this could change. After living in Thailand for 16 years I learned this, never take immigration advice from anyone except immigration themselves or the official government website…
Also you should know any money in a Thai bank is only insured up to $30,000
I definately would not keep it in 1 bank only. I would also not keep it all as savings deposits. Some stocks, and maybe an affordable condo unit that I own/live in.
@@SiameseCheese almost all foreigners advise against buying a condo in thailand though (little appreciation value + massive oversupply). everytime I tinker with that idea, I get discouraged.
@@Bkkboyyz I got 2 condo units in the Bang Sue area. Cost was about ฿1.2 milion for tiny 28 sq.m units. I have US dollars and with the depreciation of the Thai currency this was too good an opportunity to pass up. 1.2 million ฿ is 32,000 USD the price of a new car in the US. I don't expect it to appreciate in value until 2025 but I'm the buy and hold type.
@@SiameseCheese How are you finding units for B1.2mn? Are they older units? Any new construction by the big developers (ap/sansiri etc) is going for 3million for a 28-30sqm from what I'm seeing online in Bang Sue and pretty much anywhere in outer Bangkok.
I've been tracking condo prices in a few areas for a few years now and have never seen a massive jump, but maybe I'm focusing on the wrong areas.
@@Bkkboyyz It was new construction called Regent home Bang Son. It is near the Bang Son station station on the purple line and Light Red line interchange. My units are on the 12th floor. Higher units cost slightly more than lower units.
Ridiculously expensive
I love Thailand but it is too expensive now and the country is unstable. I will never put this kind of money there unless you think it is OK of not getting back.
i love thailand 5x cheapen live than my homecountry north europe. and 10x cheapen live than USA.
I don't see how any of these could be considered a digital nomad visa.
Much easier to get Visa FOR RETIREMENT PURPOSES - 50 YEARS OLD (NON-O)...
Only need a savings or fixed deposit account of not less than
Baht 800,000 balance. (US $22000)
If you put your kids in an internation school the school will arrange you and you kid a visa to stay in Thailand. Only on visa per child though.
Thank you for what you and your team do. So much information and for me further areas to research. What is your opinion of India, Bangladesh, Pakistan etc region of the world?
There are other countries with more generous visa options such as Malaysia.
I am moving there tomorrow to search for work - looking to secure remote work from a company outside Thailand to get the territorial tax benefits
when it comes to retirement I wouldn't consider Thailand to unstable government
Yeah, but you missing out all those Ladyboy bars.
The worst can happen if the government starts to cattle up its citizens. We can run to our nearest U.S. embassy.
You are correct, and in truth matters of government mean little to retirees. I lived through 2 coups in Thailand and a whole load of political instability and it had about zero effect on me.
@Mark Seymour I was not watching videos about retirement options in Thailand! Have you watched the video or read the title ? It’s about residence permits in Thailand for people of all ages.. I’m not even retired or close to retirement
@Mark Seymour Mark I’m sorry. It appears under on my comment on my RUclips notification with no other comments shown.
this is just a 10 year extension!
Actually no. It’s a 10 year residency visa
Option 4 - Highly skilled worker is taxed at 17% irrespective of where the income is sourced to my understanding
Wealthy Pensioner Visa - note that BOI is only allowing passive income (pension, dividends etc) and not permitting active salary/employment income.
I fly out in Oct. Uk is a mess.
90 days on a tourist visa now 45 days with a 45 extension for $50
what is your source for this? where is it officially stated about the 45 days?
@@CS-kk4tm source Thai goverment beginning 1st of October
U must also Advise on " Earning potential" in a country including for professionals say Doctors/ IT professionals etc . Plus which stock exchange is better performing?
Depends if you want futur in Thailand or not
Nomad finally you are getting the idea most of your other ideas are not great as you recommend Malaysia. Lol I would not even transit in Malaysia.
what is wrong with Malaysia?
Thanks for all the information my friend!
Glad to have you.
As a digital nomad making 6 figs post tax, which allows me to whatever I want, i have no reason to give taxes to the thai government when I'm doing more than enough by spending infinitely more than locals. I will continue to use my tourist visa.
@@GiacomoVaccari he made 6 figures income. Monthly visa run ($100 each) shouldn't be an issue for him.
@@GiacomoVaccari as nobody has answered your question, I will. Not long is the simple answer, most consulates or embassies will not issue back to back tourist visas and even if they did you would be denied entry after doing it a couple of times. However if you spend half the year in Thailand and half the year elsewhere then that’s ok. Visa runs are usually the name for trips to be border as each entry on a tourist visa is good for 60 days or 90 with a 1900 baht extension to each one. if you had a 9 month triple entry tourist visa you would have to leave and re enter Thailand 3 times to get the full use. If you are staying in Thailand for over a year then we all know that using a tourist visa is an abuse of the tourist visa as you are clearly not a tourist by any reasonable definition, immigration officers are not stupid. 20 years ago or even 10 years ago you could get away with it, not now. If you want to spend a year or more in Thailand then a tourist visa just won’t work for you.
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At Airport BKK I saw woman with Elite Visa Representative standing in economy class line. And where is the Priority
elite visa has nothing to do with flights or airlines. it's just for immigration purposes.
Great info! Thanks very kindly! God bless you
Very interesting. Thanks for the video, as always!
Unfortunately I don't qualify. I'm hoping the Bali 5-year digital nomad visa is better for my situation, as I am souring a little on Thailand. I never thought I'd say that.
I may still consider the Thai Elite visa, but I am starting to look more towards Colombia and Panama and places over here in the Western hemisphere.
suprised people dont seem to be going for the hungary visa.
Yes, South America or Eastern Europe would probably be more adaptable to most westerners
Colombia has world wide tax and wealth tax, as soon as you spend 183 days in the country ( in any 365).
thank you 🍀
Foreigners living/ residing in Thailand with a Singapore Bank account? Singapore might make that a bit difficult.
The requirements in some cases are nonsense. And they're very behind on this. Their goal is to bring almost 17,000 people monthly for 5 years (1 million). Well, since this new LTR visas are available, September 2022 if I am not mistaken, the numbers are 3000-4000 people in total until today.
I'm in the 3rd group, remote worker, I earn more than 80k, I meet all the requierements but working for a company. I am a freelance so I do not work for any company. I have clients, S&P500 companies. But I am not an employee. Most of the digital nomads with high income I know are freelance like me. So thank you Thailand, but most remote workers are out because of that requisite. Even if we wanted we could not apply to that visa.
@@Anomalyy666 nope, it's for employees. Do your own research though.
Can you shed some light on Japan? Have always wanted to move there, but with no degree it's always seemed to be a bit of a logistical nightmare.
There are options for moving to Japan, although their vetting process is stringent for full-time residency. A pension is required, or provable income in other forms. 5 year in-country before you can apply for residency, etc. The fact that there is a way for a guy like me to live in japan again gives me hope...
Andrew, I live permanently in Thailand on a dependent visa. Lovely weather, beautiful locations, yes. However, the "go where you're treated best" motto, is definitely not Thailand. Non Thais are treated as low class individuals, especially by the attitude of immigration and the huge police corruption.
how so?
Same in Japan if you live there long
@@tomtom7987 Yes, I've heard that.
Well, I am living here for more than 10 years, and this is what paradise will probably look like. Cheap Charlies might struggle, but if you are not, like the target market of this channel, this might be one of the best place of earth, with no Woke BS as a bonus.
Pay a bit more for services, use lawyers when needed, do not do stuff yourself to save few baht, dress well, smile, tip and everyone will « sawasdee » at you all day - and all night - everywhere you go.
I am still pitching myself everyday…
@@codyge18 I've lived here for 10 years, because I have a Thai wife and our daughter. Let's call it a type of racism against non Thais. My wife and Thai friends see this too.
Dont you have to pay taxes in america regardless if you have a thailand visa? Why pay thailand tax on top of the taxes im already paying here in the states?
What visa for an expat that lives overseas that is frequently flying back and forth through Thailand. ?
Maybe I am wrong but it seems that where Chinese are the prices go up???
Does residency permit bringing a spouse in? What I mean is, if you can show the $80,000 income, you get to come. Can your spouse come too or does s/he also need to show the same minimum level of income?
I didnt hear anything about the marriage visa 😀
Thanks for posting.
Reflection on Asian culture money money money
Malaysia just announced Premium Visa Program (PVIP) today
but malaysian have expensive and worst country lot than thailand.
Thank you for the information. I would love to know how they tax on investor visa. Do they get the same tax benefits as Citizen?
Hi, thank you for your interest in Investor Visas! We've compiled detailed articles on this topic that you might find helpful. Here is one of them: nomadcapitalist.com/global-citizen/top-5-investor-visa-programs-better-us-eb-5-visa/
Yay Thailand, I’m Thai lol
Helpful video thanks. But you should change the title to "Thailand’s New Residence Permits for Wealthy Individuals" as this is not accessible to most people...
I think I qualify for option 3 as a remote worker but do I need to pay taxes to Thai government in this visa category?
That would be a good question for our team; feel free to email them at help@nomadcapitalist.com.
I also want to own property or have a long term lease ?
You can buy property and own under your name for condominium. For long lease option for villa, let's discuss 😊
@@siam-estate not need buy or lease home, visa not ask and need you have home, you can rent room only if stay thsailand and make 1 year visa.
You can have luxury life in this country with low cost of living but the high crimes and scams are here but they are almost cover up. If you want to be here Stay Safe and be secure.
You should do a video about Indonesia. There are lots of options there for long term stay permits and visas.
only morons don’t get vaccinations that could well save their lives.
Unfortunately still need vax to enter Indonesia, not needed in Thailand , Vietnam, Cambodia and Malesia anymore
Americans are taxed on all incomes, so I don't know what the point of the Thailand's low-tax residence permit is other than allowing us to live there for a prolonged period of time.
@Mark Seymour I understand your point for non-American. He is from Ohio and speak to Americans to make the move abroad to reduce the tax pressure. He should caveat his points then about this not applying to Americans.
Lol I spent 2800 baht At Carl's junior in Bangkok 10 years ago just for my wife and I.
This is a joke just look at how much money they want!! when there own people don't make $4,000 a year!
Thailand is trying to stay competitive!
500k dollars to invest in a thai bond? Now why don’t you do the Portuguese one instead ?
Real estate does not qualify
Is there anything new in this video ?
Investing in bonds is dead. Especially now, the percentages are dud. How about if you own Bitcoin for example.
I would never go back there, you’d be lucky to see me in Japan. It’s a dangerous mess.
Thais must own 51% in the land purchased.
A Taco Bell in Thailand, a country known for GREAT food? Are you sure you're positioned for "7-8 figure entrepreneurs?" You think "7-8 figure entrepreneurs" care about Taco Bell?!? 🤮🤣
Thai women are great mums. Have kids and get a family visa. If you are over 50 get a retirement visa. Thats the best one.
Family visa ? Do you mean an O visa and reason for issue being to visit friends of family in Thailand, maximum stay 90 days but can leave and return within one year if you get multiple entry. Or did you mean “ extension of stay for the purpose of supporting Thai spouse” which is an annual extension where you shown evidence of financial support. Neither has any relevance to having kids, the only way kids can help with a extension of stay is if you have sole custody.. good luck with that !”
@@andrewstones2921 I have a non IM O based off my 2 kids. The visa is good for one year and requires 90 day reporting. If I do the last 90 day report at local immigration just before the visa runs out I can stretch the visa out to last 15 months. costs 1900thb or about 100$. No I dont have sole custody and live with my kids mum but we are not married.
@@magamike1800 yes Of course having kids is a good reason to get a O visa, what I meant was that it won’t get an annual extension unless you have sole custody
@@andrewstones2921 Just did my last 90 day report at immigration and asked how much for next years 1 year visa. Immigration officer said 1900thb plus 'commission'. it wont be an extension. it will be another one year visa which I can use for another 15 months.
@@magamike1800 commission.. yes, anything is possible with corruption money. It can work, the problem is that once you start that you are usually trapped and have to pay “commission” every year. Sometimes it cans work to your advantage though. Good luck. I lived in Thailand for 16 years and only left so my son could get a better education, love Thailand very much and expect to return when I retire.
More attractive option in Asia
I don't think they can find a million millionaires to come.. plus bonds with current inflation are bad
Love your videos. Do any of these countries have crypto options. I no longer work and only have crypto investments.
Where can i apply? Any link?
Hello, thank you for your interest. You can apply here nomadcapitalist.com/apply/, and our team will be more than happy to serve you.
Do foreigners purchasing (investing in) property in Thailand need to pay a foreign tax (fee) on the purchase price at closing like they do in Malaysia? If so, people may as well just do Thai Elite and forego the invest entirely.
Ifni remmbering correctly, foreigners can't buy property in thailand
@@bsdontop1000Thanks. From what I understand, foreigners can buy condo units offering foreigner freehold title, as long as the condo building has majority Thai ownership. Can also form Thai company (need Thai partner majority) and buy property directly through the company.
Either way, I'm still curious whether a foreigner "tax" is charged in the former example.
@EvolvedBonobo gotcha o jave no ides about the property tax from what I have been doing in research the closest to owning land is you have to start a business llc with 51% ownership being thai.
So hopefully you have trust worthy friends, and that company can buy land.
Or you as a foreigner can buy a House but you cant own the land it is on, you would have to lease the Land itself for up to a max of 30 years.
And the condo is the only thing a foreigner can buy if it's owned by a majority of thai people lol.
Been looking to at moving to thailand and buying a house but seems it will be extremely difficult If I don't have alot of money or at lwaat 3 thai friends
@@bsdontop1000 Personally, I wouldnt buy a house in Thailand. I've heard way too many horror stories. Everyone I met who owns a foreigner freehold condo has no regrets, often 20-30 years later! Renting is so cheap anyway and always a safe bet. Just my 2 cents.
@EvolvedBonobo true, I have a fiance out there. I was gonna marry start a familyandnwhat not, buttttt don't want to buy a house in her name just incase, lol wanted it in mine 😅
Because of Marash, Antep, Kilis, Adana, Mersin, Konya, Adiyaman earthquakes and 10.500 aftershocks , killing 50.000 Turks, syrians, wounded 150.000 Turks heavily and 120.000 Buildings and offices, hotel fell apart immediately since 06 02 2020. Since 1999 , Marmara deadly earthquakes had occured and 86.000 İstanbul buildings are decrepit, in very bad shapes. Elazig, Yalova, İzmit, Adapazarı, Van, Malatya , Muğla, Fethiye , İzmir cities of Turkey have seen 7 and above deadly earthquakes.
Tax in thailand are to high. more than 30% with a normal european income
lot cheapen than finland TAX. go sigapore not big tax,
You can have 0% if you are smart
Thai banks will not as of March 31, 2023 allow a nonThai to open a bank account needed for a long term visa without a Thai work permit or already issued long term visa. Try to get an appointment at the US Embassy to get manditory Embassy notary stamps. In 2 trips, 125 days unable to get into Embassy as claim every month booked. Embassy either not working or ignoring their citizens since Biden elected.
Appreciate the info on Living in Thailand, can you please speak to getting your money/investments out of the Thai banking system when needed, a lot of expats living in Thailand in your comment section have mentioned difficulties getting there investments out of Thai banks.
Remember this ... you can not own a weapon in any of the lands he talks about ... u will b picked off like low lying fruit (Farang))
Even for me as a millionaire I wouldn't invest a penny in Asian countries I am paying this I am paying that what am I getting in return the chance to live there I don't think so I think South America is a more attractive option
Now it's 45 days instead of 30 days
what is your source for the 45 days instead of 30?
Thailand's income tax isn't that low because it's a progressive tax system. I have to pay twice as much tax here when compared to living in California with the same amount of income.
LOL. Thailand is a tax haven for rich people. Just because you work here in a "job" and pay local taxes, don't try and tarnish the good name of Thailand as a tax haven with your lack of knowledge... Please!
Job = just over broke
Are you saying US Federal + Calif tax is less than Thai? All 3 are progressive systems, but brackets are different of course.
Grease a few palms you get what you need simple as that
Far from realities of digital nomads or digital/online business owners. I own an online business making more than 80k per year but why should I invest half a million to a Thai bond??! And besides, why and how should I proove +1m welfare?! After reading their heavy requirements, I will never consider applying... I am surprised why they made it so difficult and complicated for wealthy digital nomads, while tons of low salaried illegal immigrants comfortable flow into the country from all neighbouring countries!
Bc You have to pay for the immigrants ofcourse 😂
After recent events. I wouldn’t invest one penny anymore.
I am calling everybody I know that is a venture capitalist and all in agreement not to put one red cent in Thailand. the timer forget it. Take money where it is more appealing Z it’s not that good and far too bad air!
Thailand is too weird .
Vacation ok in Thailand not for me I rather go to Cambodia.
👍🏾
I want to immigrate to Switzerland can you give me a lot of good help I really need it please give me good help right away
my worry is the new government. there too liberal and leftist. they have no technocrats in their ranks, i'm highly worried of how they will handle the economy especially with thaksim around.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Worse weather
best weather old peoples healt than anywere other country.
It’s not an attractive country though is it ?
@@rhysdinero5294 The locals are all “short” arguably unattractive. it’s unsophisticated, lacking culture, excessive humidity, hard to grasp ugly language, dirty and overcrowded. I could go on !
I love visiting, but a week is long enough.
Have you been here?
@@rhysdinero5294 As do I. The question is directed to Max Flight.
@@propellerhead2000 I’ve visited once with. with my family … Krabi (fab hotel ) ..
A couple of motorcycle tours (20 nights ) around Chang Mai every Feb.
Also BKK about 20 times, maybe more, on airline layovers ..
@@maxflight777 That's a lot of seat time for a place that is "not an attractive country". Did I overlook the sarcasm in your first comment?
Let's keep it real!! Thailand is an unsafe Third world country/Prostitution center. Malaysia is the safest and most prosperous country in the region.
MM2H new requirements made it lose appeal for nomads / retirees.
@@wd8005 most new rules don't apply to existing permit holders.
Safe to who?
Malaysia is not really the "prosperous" country in the region. It's just another failing Islamic country with sharia laws. I wouldn't live there.
Singapore is. Keep it real.
The worst place in the world to retire to
After 73 countries, Thailand is definitely in my top 3. What would be your top 5…
best weather,food,peoples,hospitals,and perfect cheap place live pension.
@@mattivirta Stan has no clue
"Great weather"....
As a native i would like to say...
𝗞𝗜𝗟𝗟 𝗠𝗘! In Dumbledore's voice.
The heat combined with humidity is unbearable and i'm half white. I get the worst of both worlds. My white half is very susceptible to heat. I sweats like a water hose and my hairy body made it worse. I had to shave twice a month. My asian half also made me very susceptible to sun light. I'm now a living zebra crossing my arms and legs turned too tan to the point of borderline brown and i dislike having dark skin. AURGH!