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The Holy Grail of Thai Visas (Thai Long-Term Visas by Thailand Privilege Card)
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- Опубликовано: 15 авг 2024
- The Thailand Privilege Card is the Thai Visa that everyone who loves Thailand wishes they had. Get 5 year, 10 year, or 20 year options. Get all kinds of VIP Services. Feel like a movie star whenever you arrive in Thailand. This Visa is so amazing. Find out how your life would change if you got this amazing visa.
Here's a link to learn more: landingpage.th...?aflid=6690f45891c3ea5faca612a6&lang=en-US
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0:00 What Visa is it?
1:11 Meeting the President
2:50 The Benefits of the Privilege Card
5:08 The VIP Visa
7:46 Retirement Visa vs Privilege Card
9:31 20-Year Visa
11:18 The Application Process
14:57 The Most Popular Option
16:26 How to Get More Info
17:31 Should You Get this Thai Visa?
Here's the link, as promised, to Learn More about this visa: landingpage.thailandprivilege.co.th?aflid=6690f45891c3ea5faca612a6&lang=en-US
It is sad you have a few trolls who insist on posting non-sense comments showing their stupidity. I guess their FB Troll posts are not gratifying enough.
@philipvclarke4902. Setting aside our differences for a moment. In all seriousness the visa is great, I have even referred friends in the past. The problem as you can see from many comments is tax. It cannot be side stepped. The wealthy who can afford the visa will just not buy it if they face additional taxes and bureaucracy. Most find they are much better off staying home, let alone going one of the many other long stay hubs that offer zero taxes on remittance and no tax headaches. Most wealthy expats have choice. I get you want to sell the visa. If you do get your boss to make it competitive and get a tax exemption. There will be a sales boon. There is really no other way.
@@philipvclarke4902 Good to see I am not the only member that has problems. 😂 I have never been to the FB site. But as a member paying US$30000 for the visa, I am very disappointed with the lack of response of Thai Privilege to the new tax laws. If you’re having difficulties selling this visa it’s not the price, it is the Tax. I will not renew the visa, would never have bought if I was not misled by your website and sales staff about tax been voluntarily in Thailand. Perhaps what you’re seeing in the comments here are not trolls, but many very unhappy members.
@@philipvclarke4902 Good to see I am not the only member that has problems. 😂 I have never been to the FB site. But as a member paying US$30000 for the visa, I am very disappointed with the lack of response of Thai Privilege to the new tax laws. If you’re having difficulties selling this visa it’s not the price, it is the Tax. I will not renew the visa, would never have bought if I was not misled by your website and sales staff about tax been voluntarily in Thailand. Perhaps what you’re seeing in the comments here are not trolls, but many very unhappy members.
@@philipvclarke4902 Good to see I am not the only member that has problems. 😂 I have never been to the FB site. But as a member paying US$30000 for the visa, I am very disappointed with the lack of response of Thai Privilege to the new tax laws. If you’re having difficulties selling this visa it’s not the price, it is the Tax. I will not renew the visa, would never have bought if I was not misled by your website and sales staff about tax been voluntarily in Thailand. Perhaps what you’re seeing in the comments here are not trolls, but many very unhappy members.
The Privelege visa is next to worthless. US$25,000 for 5 years for what exactly?
1) the privilege of been forced into the Thai tax system after 180 days
2) the Privelege of been exposed to up to 35% tax on the money you remit during your stay in 2024 and possibly up to 35% tax on all your worldwide earnings in 2025 and beyond.
This visa is simply not worthwhile as it stands.
@MikeFoscolo
I agree with you on what you said. 👍👍
It seems like this visa is nonsense and contradicts the goals of Thailand. Since Thailand announced the promotion of tourism because they want money from foreigners by allowing them to come visit and stay for 60 days at a time. It was very good for me and my elite type friends because we didn't need to pay expensive visas at all and also I could fly to Thailand with First Class or business class and I will pay a few extra fees at the airport to get a special or VIP service. Also my foreign Privilege Credit Card offers many special here,
‼️well well well, your expensive and worthless visa is no longer necessary for me.
The new DTV makes the 5 year privilege visa not worth it.
True, and also, there is the DTV now, which is basically the same as the 5 year privilege. The massively need to cut their prices if they want to stay in the game, otherwise, it's over.
@@christophmosimann9244 I agree, however, I just applied for the DTV, though I have not been rejected so far, they asked me to provide more documents because apparently I cannot be self employed (which I am), I have to prove my income through a company/employer
They should add tax free foreign/worldwide income to those visas - that could make them much more interesting.
Absolutely I would say that’s a necessity
I wanted to buy the Elite Visa before the price increased, but they rejected my application because I had previously held a Student Visa. This was very strange because I had obtained the Student Visa fully legally and always followed the law. Now, the Elite Visa is not worth it. For the same price, you can buy a second passport in some good countries. The problem is not only the price but also that Thailand is not a strong democratic country, and they change the laws very often. For example, there is a new law about foreign tax income. When you pay a high price for the Elite Visa for many years, you also take on the risk that the laws will change against you.
Needs a tax exemption or it’s just an expensive tourist visa with a massive tax liability attached
That doesn't make sense mate cause i was on Student visa for 7 years and i still got an elite bro, must be more to your situation. Were you ever on a volunteer visa, that would do it.
@@chrischiangmai They told me the reason for the rejection: my student visa. I didn't have a volunteer visa, didn't overstay, or anything like that. Maybe something has changed.
@@andrei200287 i had student visa overstayed many times and they still gave it to me, this was at the end of covid though so mabe things have changed but i don't think so. What country are you from? Might be a case of discrimination. I have a kid in Thailand too so maybe that was a concideration, like everything in Thailand nothing is black and white.
They now have a dtv visa.
This President guy is a cross between a smooth-talking Mr. Roarke and a fast-talking TV evangelist - With a certain Asian flair!
Lmao! That's exactly what he reminded me of.
I have to be careful what I say here but the Thailand Privilege Company (previously Thailand Elite) has always been used as a career dumping ground for people of a certain repute.
He seems useless. It’s clear what he must do to get sales booming, get a tax exemption for this long stay tourist visa. Those that can afford it ain’t going to buy it when they face taxes and bureaucracy. As it stands many expats are now finding they are better off staying at home, let alone going to one of the many other long stay hubs. If he just sits around talking about credit card style benefits and ignores tax sales are going to continue to decline into oblivion….
Probably works as a lady boy on the side.
I used to have an OA visa and now I have the pensioner LTR. My OA health insurance applied to my LTR so that wasn’t an additional expense. The real benefit I see for the Privilege visa is the ability for people under 50 years old to stay in Thailand long term.
They need to have a tax exemption on this visa to justify the cost of this long stay tourist visa
@@MikeFoscolos-ch7ms It's a convenience for rich people really.
Personally I do not quite get what people see in Thailand unless your'e into lady boys, bar girls and hot weather.
@@stevenhull5025 You could try visiting someplace other than Pattaya. I do like the hot weather. The cost of living is much lower than the US. Better food. Much easier access to excellent medical care. Some really nice national parks. Bangkok is a great international city with lots to do. I prefer the non confrontational Asian culture. I prefer a Buddhist country to a Christian country and find Buddhist temples fascinating. Easier to meet people.
As for the US - too expensive, divisive culture, toxic politics, and after 60 years - boring. Been there. Done that. Once retired the US is nothing special.
I’m not complaining about the women here either. I’m married to a Thai. We built a house I could never afford in the US in a great location with beautiful views.
Enjoy being stuck wherever you are 😀
I acquired a 20 year just before the price went up. It really does make you feel like a VIP every time you come. Was especially good when I flew in by myself with lots of belongings to move long term. Having staff pick me up and help me through the airport and to my destination was extremely helpful.
Is 20 years not invite only? and 127 grand?
How much did you pay?
Follow up question: Can I borrow some money?
@@ShithappenswhenuNot under the previous price structure
No tax exemption no longer worth it
@@EricMeadows Great & Meet Service can be ordered for 1300 baht. If you fly Business Class, fast track is already included and the lounge is usually much better than the modest and usually overcrowded Miracle Lounge. The real added value so far has been the 20-year visa without the usual blatant bureaucratic hurdles. This will now be obsolete when the world income tax comes into force. It would not even justify the old price, because this group of people in particular is threatened with extreme bureaucratic hassle at the Thai tax office and/or double taxation...
Sorry mate but you have missed a big point - Taxation. Thailand is not the place to retire anymore. Great to live and work there like you and others in same business, but not for retirees. Starting 2025 Thailand taxes the income of retired Expats (including Pensions), while all the other countries in SEAsia do not. Hopefully Thailand will change their mind, but as it is starting on Jan 2025 Expats have been told to pay income taxes on the money they bring to Thailand from Jan 2024 onwards. Thailand also wants to implement worldwide taxation, so even if you dont remit the money to Thailand they want to tax it. No way mate - mo matter how good their Visas are - for retired Expats Thailand is not the best option (we are leaving).
100%
Totally agree. I discovered Thailand in early 2023. I wanted to stay here permanently. I even bought a pre construction condominium last year. Now I’m going to be looking to sell it. I will never spend more than 179 days per year in Thailand because they want to tax my worldly income. I am not rich. I collect disability pension that is not taxed in my home country because when I paid the premiums for the disability insurance, I paid them with after tax dollars. Thailand is going to want to tax all of my worldly disability income. No way. I will not stay here full-time. They have made a huge mistake and many people are going to hit the exits.
Cost is too high.
It’s not for everyone. There is barrier to entry.
and no tax exemption for the price
It's just pocket money for many. And for everyone else, Thailand does not want you or need you cheap Charlie's!
@@MikeFoscolos-ch7ms 🤣🤣🤣🤣
Its for people who have $$$$$ And dont want the hassle of doing visas !
If the price of the Elite Visa were decreased, I would consider getting one, but at the current price, it's too much.
It’s not for everyone. There is barrier to entry.
No tax exemption. From this year you will pay a lot of tax
it is only for elites not poor people
@@michaelthegreat44 Before, it was much more affordable for average wealthy people who still need to work in their countries, and travel to Thailand time to time, but now it’s only for people who stay in Thailand.
@@darkrider3992 I live in Thailand, under 50 and don;'t need it
At 900,000 baht for 5 years not even worth it. I would rather do a retirement visa. Huge difference between having that amount in the bank and having all that money available when you leave.....Compared to handing over 900 thousand baht and not having a dime to your name
This visa is to attract wealthy foreigner and make is very convenient for them. It 's not for the average person. Average people get the destination Thailand visa, student visa, tourist visa and border run lol
Even people with cash can get the DTV.
Wealthy foreigners will give Thailand a wide berth if the global income tax is introduced. No one will voluntarily want to expose themselves to Thailand's excessive bureaucracy. That was precisely the appeal of this relatively expensive product, but in this respect it has been worth every single baht so far. As long as this group of people is not exempted from this burden, the "Elite Visa" product will be very, very difficult to sell...
Could not agree more. I bought the visa for this very reason. Now I find myself not able to remain in Thailand for 180 days due to the new and proposed tax laws, what is the point of this visa now.
If I am wealthy Thailand would not be on my list of places to spend this kind of money.
@@MikeFoscolos-ch7mswhere do you currently pay tax
The price of Elite visas jumped way too high recently. They should lower it.
Jumped twice. Two price increases within about 12 months.
You should have joined early when it was 1 million Baht For Life!
What is your excuse?
@@DerrickWeil
But you heard about it, then balked on the price...
@@DerrickWeil
Can't blame you mate, 1MB was a lot back at that time!
It’s not for everyone. There is barrier to entry.
It's the poor man's LTR really. The perks are barely worth it, but most critically, there is no tax exemption like LTR.
Greetings Chris Parker, the Thailand Privilege Card sounds like an excellent option for those like you and myself who can afford it. Nonetheless, awesome interview with Mr. Manatase Annawat as he explained the privilege card program well. I would sign up for the Thailand Privilege Card as a travel option to Thailand however, the upcoming taxation requirements are a show stopper for me.. Thanks for sharing.
I was considering this Visa at one time but now it’s just outrageously priced. I think it went up 3-4X overall. Used to max out at 1M baht for the 20 yr now thats like 5M baht!!!! Insane
The fact they don’t offer a tax exemption also makes this useless
Useless at greatly increased cost. Do they not realize that people who are going to lay out? This kind of money are sophisticated. They are willing to pay as long as they’re getting a good service in exchange for their payments.
Having lived in Thailand for 20+ years since i was a teenager been on all the visas now i have the privilege card i can honestly say it's been the best experience, i havn't been to immigration for years anyone who shiiits on this visa are just poor and havn't had 20 years of visa struggles.
So you think people who are poorer than you are less than you? Like probably 95% of your hosts? Interesting take.
End of May no visas were announced which would take effect as of June 1 , 2024
As these have -as far as I know- not officially been published still not operational 🤷♂️.
Any news about it ???
I hope that the announced digital nomad visa will come available any time soon
Planning to come to TH early Nov 🎉
That was great Chris. Thanks. I have been thinking about that program and this gives me a good source to get my questions answered. Always a pleasure.
Great video and very informative, especially given that you were able to get the details straight from the most authoritative source!
Unfortunately the whole privilege offering reeks of extortion. We fly to/from BKK on Emirates in business class. Included in the price is limousine service to and from the airport plus use of the business class lounge. While skipping the immigration line is nice we typically don't fly during peek tourist season so it's just not that big of a deal. The benefit is nice but how much is 20 minutes of your time really worth? The fine print around 90 day reporting was not clear but we generally leave Thailand enough so we rarely need to actually do it. Even so, it's just not that big a deal and (if they get it working reliably) you can do it online. All of the rest of the services offered are completely ridiculous for anyone living in Thailand ... if you can't figure out how to find and book your own activities maybe international travel/living is just not your thing.
Bottom line is they are charging a high price to avoid Thailand's overly complex and poorly designed and administered visa program and bundling unnecessary "benefits" to sweeten the pot. The government should just fix the existing visa program and not conflate visa requirements with a foolish benefits scheme.
Yes. Exactly. It’s just extortion for ignorant/lazy people.
And now with the tax changes who are interested
I have it, the old version 1 mill for 20 years, well worth it for me. The airport gate pick up service only works at BKK, not DMK, CNX etc. You can go through the fast track passport line though at every airport. You can also use the Coral lounge before all international flights though which is nice.
Imagine being emotional because he's wearing a t-shirt instead of a shirt for an interview. You'll be good fun in Thailand. 😅👍🏽
Ya you should get extra services and I'm sure it's a good service but overpriced amount. Sorry bro fellow Canuk, but not worth the money. You missed on this one.😢😢😢. I'll keep my Thai lawyer on speed dial instead of paying that crazy amount to have my peace of mind. If you need an over price babysitting service you shouldn't live in Thailand. Their title says it all "Privileged " SORRY but it's the first time I've ever given you you a thumds down.😢
Got my O retirement for 38,000 bath, no hassles. I'll keep my money in my pocket. It's for the wealth or the woke. Im stilled covered under my Canadian government civil service medical insurance. 100 cad for top notch medical service. Plan ahead and don't worry, be happy. You disappointed me big time Chris. Im willing to discuss it with you anytime why i don't believe in this promo. There are much easier and cheaper ways to obtain a retirement visa and renewal.
I think he personally feel unworth it but open for some crazy rich folks.
People seem to react poorly to things they can’t afford.
why would you givwe a thumbs down just because you dont like the visa.. This is an information channel.. giving information.. that some people MAY find useful... If you dont find it useful for you.... so be it.. but ... dont hurt shoot the messenger.. GROW UP!!
I think the holy grail, gold standard of Thailand visas is the marriage visa. Why? It doesn’t lock you out of getting a work permit. It’s cheap and can be renewed annually. Also, you can use it and a work permit together to apply for Thai citizenship after several years if that’s what you want and if you otherwise qualify.
You didn't ask about world wide taxes.
It was more desirable before the recent changes, and not just because of the prices.
Plus no one knows how long they will live. So paying out for a 20+ year visa means that if you die early on, your beneficiaries miss out.
Rich people only..just say it.
This was a good program prior to the ridiculous price hike. Also, the reason why the processing time is now shorter is because fewer people are applying due to the monetary increase.
When did you join Jerry?
And the new tax changes. It is worth noting even with the price of the visa there is no tax exemption. People are just avoiding Thailand with all the tax changes
Please people, seek a professional in regards to visa's. You should not be listening to You tubers that if anything, confuse the hell out of people.
Chris, you mentioned some people have done a cost breakdown...that would be nice to see you do in a video.
One of the main problems about this visa is that you're not allowed to work in Thailand. For me, that's an automatic 'no'.
It’s more for high net worth people that don’t need to work.
If you can afford the privilege card, you can probably afford not to work. Which is the point 🤷♂️
@@user-gt6vc7sf4h Every high-net-worth person is always working. That's how they became high-net-worth individuals.
Not to mention you are taxed on this expense tourist visa
I have it just so my Thai partner can't go with me on the buggy and fast-track through immigration with me. Getting home a few hours earlier than her and the treasured quiet I get is well worth the cost.
Money well spent Sir! 🤣
😂😂😂
Am interested in the elite visa but really need to understand how the change to implementation of tax law pans out as I would prefer to retire to a permanent base, rather move every 6 months.
exactly this visa should be taxed exempt
Great video Chris. Thanks for providing such helpful information for someone considering spending some extended time in Thailand. Until the next one.....
"... there is no need to invest." Yeah right, they take a large sum of money instead of an investment that is yours to keep and gives revenue.
What is the VISA name again?
@@erehinater Thailand is one of the few countries that requires outright paying an amount, others require investment including buying a house / condo. So don't be sus.
@@TheGandorX then come in with normal Visa without any privilege 😉
Let's all move in thailand !! ❤🇨🇷
Everyday party in chris house 😂🎉
If you die early. Do you get your money back?
You don't. No value.
It cost $$$ to have but people will spend 1k a month (36k for 3 years)on a leased car in the states and then walk away with nothing after lease ends. 25k to come and go as you please for 5 years and the other services that come with it, seems like a deal if you can swing it.
How about taxes???? Can we scip the new tax laws owning a elite visa?
I don't think so, that's where the government can get more money but if you paid tax in your country and prove it in a document, you probably no need to pay or very little amount to pay. Every countries ask you to pay tax after 6 months stay.
@@dennythedavinchi3832 The key word here is "probably". We need certainty.
@@dennythedavinchi3832 no they don’t lol
Quite right. Who is up for 35% tax there are plenty of countries that offer zero tax on foreign currency remittances even after 6 months.
it used to be affordable but not now
Tax laws make it the only tourist visa with a tax liability
Exactly
Just so you know. Affiliate get 250,000 THB per recommendation. It's a good business for Chris to promote.
And therein lies the reason he’s promoting a shite program.
Do you know a member ; ) ? Cheers. ( P.S. if thats the case, who would n’t recommend lol)
Should at least ask about the incoming taxes if you have the guy in the seat. Shameless advertising. This guy turned into one of the biggest sellout channels that I've ever seen on RUclips.
$25,000 for 5 years? That’s excessive 🤷♂️
It was 25k for 20 years last year. It was really worth it. Now not so much
No shit!!!
@RingoSG it was $100,000 for 20 years last year.
@@dennythedavinchi3832 it was 1M THB for the ESE 20 years.
And you taxed up to 35% on worldwide income on this overpriced tourist visa
Tax ! Tax ! Tax!
Exactly right
Retirees that qualify for at least $USD 80 000.00 income on their last tax filing: Get the Thai Board of Investment 10 year Long Term Residency for Wealthy Pensioners Visa for 10% of the Elite cost, yearly reporting if you stay in continuously for the year. A no brainer.
Exactly privilege needs a tax exemption
Gave 👎🏻 to the video because of your t shirt and shorts. The Thai man would have definitely consider it disrespectful.
He misspoke about the LTR health insurance requirement. You can meet the requirement with Thai health insurance OR a $100,000 bank deposit. You don’t need both.
Is this available for early retiree? Probably will have more than a million dollars but has no set of monthly income from outside rather than a investment.
@@dennythedavinchi3832 The 10 year pensioner LTR is available to people over 50 years old. You will have to talk to the Thailand Board of Investment to see if you income qualifies as passive income. I was able to use pension income so I never asked about other forms of passive income.
I heard some folks who had it said they couldn't even use some of the perks like taxi, etc
because we're smiling to everyone and all foreigner, finally we hope another counties will also open the gate for us by free visa too...
I just got an email from the Penang Thai Embassy. I previously mailed them asking for the DTV visa, my big doubt was whether the 500K needed to be in a Thai bank or not, and this is what the answered: "The bank account can be either a Thai bank account or your home country's account."
I have it. Worth the peace of mind of not having to do visa runs if you can afford it. The airport pick ups and drops are nice. No lines at the immigration. You'll always go into the fast track lane along with an escort.
plenty of escorts in thailand bro haha
wait a second, this visa eliminates border runs? As in you can stay in Thailand for an unspecified amount of time?
Right $US25,000 plus up to 35 tax on any funds remitted during your stay does not seem like a great deal
@@sjw4life546 i mean you can stay up to the specified time the visa allows. (5 years or 20 years etc). You still have to do the 90 day reporting in Thailand. And at the end of 1 year you have to attach the 1 year stamp. Both of these will be done by the thai elite people. drop your passport on monday and pick up a few days later.
I just dont understand why people would pay so much for elite visa instead of just doing retirement visa. Love thailand but most likely i will retire in cambodia or Philippines and just visit couple times a year
With the tax situation a smart move
So for all Long Term visas one of the most important questions to ask would be how would taxes work?
It was nice to meet you on Sukhumvit a couple of weeks ago I hope your shoulders are ok. Having the visa for me means one less thing to worry about .
Always dress nice when attending formal meetings Chris.
This isn’t a formal meeting, it’s a sales pitch.
Chris should just be Chris
If I move to Thailand I need that 900,000 thb as part of buying a condo. And there is no 5 year visa available without all those extra luxury services at an affordable price. So I'd have to deal with immigration services every 90 days. Feels like a ruse to keep out the non wealthy people. Plus you cannot own land in Thailand.
So I am looking into Malaysia, where you can get long term visa if you buy a house/condo for at least 500,000 RM (depending on the region)
You should look at the 10 year LTR visa
@@martypoll
* High earners must have proof of personal income of at least USD 80,000 annually during the period of 2 years prior to the application date
* Must have at least 1 million USD in assets
* Must have an investment of at least USD 500,000 in Thai government bonds, foreign direct investment or Thai property
==>> Please think before you type yes?
Well that is what Thailand and most other countries want, very few countries have an pretty easy low cost long multi year visa at any price. They want to attract people with money and Thailand have been vocal about it and trying to attract more money to the Kingdom, that are still not fully recovered from the pandemic. If you look at all the recent moves with tax laws it all points to increasing revenues. The DTV may be an option but we still do not have enough info on it.
@@TheGandorX The pensioner LTR. $80,000/year + health insurance. Must be over 50 years old. That’s it. Plus you get the tax benefits.
Good idea you are also up for 35% worldwide taxation if you come to Thailand. You will pay more tax than you do just staying home.
Stop trying to sell these over priced nonsense visa
You should ask him when the next price increase will take place as well. It’s going to increase
Your right,most of us can only dream about this.
There is no plain vanilla 5 year visa without the luxury services. Feels like a ruse to keep out the poor people. We need to go to immigration office every 90 days.
It’s an overpriced tourist visa with a heavy tax liability attached
I have the TPC and it is very convenient especially getting through immigration at the airport. It is a little pricey and with the new price increase will probably deter me from renewal. If you are under 50 and have money, it is probably worth it to purchase it. The process was very quick and easy. The staff is quite friendly and very professional. The online customer service is also very good and they respond to your emails the next day if not the same day.
Except there is no tax exemption on this visa
I got the 20-year visa last year for 1 million baht. I thought it was better than putting 800,000 baht up every year for O visa. I do get the meet at the gate but don't get the limo. I called to get assistance for the bank account and they just said go to one of 3 banks (no assistance). If you live outside of their main hubs you don't get assistance. I live in Samut Prakan, so no assistance with 90-day report, driver's license, etc. Because I have the "old" Elite Visa the points system does not apply. I love no hassle immigration and meet at the gate. Definitely worth the price of admission!
Hope you love the new tax system also and the fact there is not tax exemption on this visa
@@MikeFoscolos-ch7ms You keep spamming the same nonsense.
If you did about 10 mins research just on Google alone you would see that there are a few ways around this.
Don't be so lazy/ignorant.....
Ya great if you're rich. The cost of these visas ar out of control. Way too expensive.
It’s not for everyone. There is barrier to entry.
As a previous member, I didn't renew. Much better options out there these days.
Quite right!
And with the tax changes no point
Care to name one/few?
@@lukelocks9083 The DTV visa for now, B visa to get PR/Citizenship, or if you're married and have kids then just that route.
For anyone who is now not a remote employee, has no kids or wife then the B visa is the best route and cheaper than Elite but will lead to PR or a Passport.
I hear health insurance is mandatory and costs quite a bit.
Boy oh boy.
You could at least improve on your standard of dress for these situations.
What “situation”? Attending a sales pitch?
😅😂😅😂
He’s dressed in a suit. Him…
It would be nice if they would have a multi-year visa without all the expense. As an independent traveller I do not need all the bells and whistles. Sure if you have lots of cash to splash around it maybe worth it you want the additional services. For myself it seems like too much money for what my actual needs are at present.
It’s an expensive tourist visa with a tax liability attached. If they gave a tax exemption maybe good
Really annoying to see all the haters who pop up every time the Privilege visa is mentioned, usually because they can’t afford it or are too cheap to buy it. They are the only ones you normally see spiting on this visa, when Privilege visa holders practically never complain about it, and are in fact quite happy with it.
F A C T S 💯… it’s called Privilege/Elite for a reason (I’m just glad I got it before the price jump last October)! :)
Exactly. In early 2022 I spent all afternoon at the CNX immigration for a 30 day extension and the first thing I did after arriving back home was apply for the Elite. I'm in the 7 series BMW on the way to my condo while all of the whiners are still in the immigration queue.
Out of curiosity i keyed in “Thailand Privilege Card Co.,Ltd” on Google Maps & then checked out their reviews spanning the last 8 years…very interesting
Rubbish ask any privileged holder if they are happy about the new and proposed tax laws and privilege visa failure to address it or as a tourist visa offer an exemption
@@MikeFoscolos-ch7ms You are totally off track !!! Your comment relates to anyone wanting to live in Thailand long term and has absolutely nothing you do with the subject at hand. Go elsewhere appropriate to discuss tax issues and your wish lists of any visa exemptions advantages !
The 5 year visa is questionable as a "VIP" experience. The 10 or 20 year is VIP. Of course $25,000 is not chump change. The limo transport is actually a shared van. The Elite Guy once wore an over the top shiny yellow blazer during the price change AKA;: Rebranding news event. He looked like a "used car salesman".
For sure a marketer but not a good sales man. Any person in his position should realise the impact of tax on membership, and should be lobbying the government like crazy to get an exemption. Instead he avoids the issue, and promotes not so great credit card like benefits, form which his visa no doubt gets paid a trailer commission. The affluent can see this for what it is …. By no means a serious long stay proposition. .
I'm confused. Does the Privilege visa come with health insurance or just allow you to not have health insurance?
Allows you to not have it but there is not tax exemption
i have a question is it possible to buy a Thai elite visum from in site Thailand lets say i know u dont neet a visum for 2 weeks if i remember good so your insite Thailand then u think i wand ton stay in Thailand longer can u buy the elite visum insite Thailand also if u life near the border of Laos u think okay to day i go on holiday to Laos if u cros the border do the Thai elite visa stops counting days or do the counting goes one thanks for reading and thanks for creating this vlog
dutch-buddha
My retirement multientry Visa with Bangkok Bank account AND 800,000 baht sponsor (meaning I dont put a dime into my BKK Bank, the Visa Service puts up 800k baht).
Cost per year? $18,500 baht
Every 90 day check in, 100 baht
Gold Elite Visa for 5 years (the lowest cost) is 900,000 baht. Do the math, it sucks.
Funny thing is 20 years plan price is more tripled than 10 years plan. +5 years registration price is just 10% discount????? Come on folks, you cannot out smart rich people. They all gonna pick 10 years and will update.
not everybody is eligible for retirement visa m8
It’s an overpriced tourist visa with a heavy tax liability attached
Virtually all countries around the world (including the US and UK) have "wealth visas" ...... In other words, you have so much money that you will never need to work in that country. As long as you can prove that, you are entry stamped all the way. Off hand, I cannot remember but I seem to recall that the one for the US was about $3,000,000 sat in an easy access account (should not include business, private property, shares ..... This is strictly just cash).
I just went through the process and got the Thai Privilege Visa. I now need to get the visa affixed to my passport. Something annoying is that if you're outside of the country, you can get it affixed to your passport when you arrive at the airport, but to get to Thailand you still need to apply for a regular tourist visa. I'm not from any of the visa exempt countries so I'd still need to go through the process of booking a flight there, and a return flight, and waiting weeks for processing of a tourist visa just to fly over there and then affix the new visa in my passport. Surely they should allow a special exemption if you've already paid and gotten the confirmation letter and member ID for your new privilege visa that you intend to have affixed within minutes of your arrival in country.
Thailand allows visa exemption to most countries .
But you're still not allowed to work, not worth it.
You don't work if you are previleged. Open a factory or investing it is another story, they have the another visa for it.
DTV is what they need to do. The privilege visa is just too expensive for the average Joe to enjoy Thailand.
Why would you want a Elite visa (is this sponsored content) ?? No working online rights (DTV does).. LTR gives zero income tax.. High cost, glorified tourist visa, short term driving licenses etc.
Elite is toast, I just dont see it has any value now that 5 year DTV's and LTR's are on the menu.
I probably would try 10 years Platinum but 20 years is way too much rip off. Rather invest long stay visa would be better cause that's your money can withdraw one day. I probably get this when I reach 40 years old.
Check out tax issues first
I have the Privilege visa. It’s not true that there is zero visa process during the lifetime of the visa. I still need to do 90 day reports and every year I must get a new 1 year stamp which costs around 1800thb + my time + paperwork. Each immigration office I have dealt with also has their own random version of what documents (and how many of each) is required as well. *not complaining I’m just saying it’s not all bells and whistles*
Cost wise, the previous 1M thb for 20 years made sense. It actually saved money in most cases.
Now it would be 900k x 4 (3.6m thb) which in my opinion, is still ok, but not great value unless you have considerable discretionary funds.
same paper work and 90 day report and all hassle have pay you elite scammer visa or normal retiree,marry,ltr,etc visa.
If you’re going to interview officials, please invest in a suit, or at least a shirt with buttons and long pants.
That's what you care about?
I want a work visa so that I can eventually be a citizen, privilege card doesn’t allow that
You will never get a Thai ID card. You can never really become a citizen here
If you over 50 get a retirement visa
same hassle ewery year paper work and visa fee and all
If you travel in/out of Thailand via Samui you don’t get the elite service. You queue with everyone else.
So let me ask ,just to be sure. I already bought my accommodations for 30 days however I didn't buy plane tickets yet. I can easily add a few more weeks. Are are you saying we can stay as tourist up to 60 days? Fyi My accommodations is the middle of January to middle of February
You must go out of Thailand and come back. You will get 60 days visa exemption.
Do you know of any lawyers that will handle the retirement visa process for expats in Phuket? Any cost estimate in US$?
For me it isnt worth it but its still one of the easiest to get.
How many countries have something like that for the (new and higher) price ?
Last year 20 years goes for 1 Million Baht, now they changed the name of the baby (Elite goes Privilege) and 20 years goes for 5 Million Baht.
For me it isnt worth it but for many others it is.
Another problem for me is, I dont know where I want to stay in 5, 10 oder 20 years.
Cannot work on it right? Rather invest the money elsewhere.
Do the Privilege Visas provide clean air?
Just need 1-5 yr visa with no other features.
There are no visa like that in Thailand, there is a LTR 10 year visa but the requirements are pretty strict and most will not qualify for it.
It does not offer much. And no tax exemption makes it the world’s first tourist visa with a tax liability .
Unless they add the Tax Exemption attached with the Privilege visa like the LTR, it’s a useless visa. DTV is way better.
you can pay for everything in this world lol
You'll need to be admitted to the hospital with angina after you pay that exorbitant fee! Wowzie! 🤣Yes not for everyone.
Not to mention when you find out about when you find out about the new and proposed tax laws
15 July 2024 officially announced and confirmed.60 days visa waiver program Thailand.no need of a visa
Holiday vacation maximum 60 days.extension for more 30 days possible at immigration office
Chris, another great video. Thank you once again for your hard work. You are a fantastic ambassador of Thailand 🇹🇭.
Waiting for you, Hailey and Dana to visit Tokyo! 😎
This visa gives you ten years unlimited entries for $40k usd No other visa is as easy as this one. Even the retirement visa has a lot of nonsense attached
No tax exemption why would you come to Thailand for a long stay
who idiot need go in/out thailand if stay live retiree in thailand life end and have house,wife,childrens in thailand no need go out newer again.
What are the costs of each visa
He gave out the visa website - starting from 900,000 up to 2,500,000 baht.
@@DerrickWeil thanks they mentioned it in the last few minutes of the video
Thanks mate
I don't want to be 'that guy' but attending a talk such as this in shorts and T shirt is very disrespectful. I'd have thought with all your experience of the country you'd know better.
I know what you mean but he wants stick with the usual concept.
It’s the only tourist visa in the world that comes with a tax liability thanks to the new and proposed tax laws. No tax exemption and a 25,000 price tag for 5 years …. Tax and accounting costs not included
@@MikeFoscolos-ch7msThey may call it a tourist visa but in reality it’s a temporary resident visa.
Agreed. But he’s North American. What to expect.
Nonsense. The Thailand Privilege Program is just a marketing program and this is a sales pitch. Not like they deserve any special decorum.
Like anything in life, you often pay for the privilege. The current Thai visa privilege card service seems tailored towards a first-class experience, potentially saving time and hassle by avoiding unreliable operators. However, it's likely out of reach for many due to its high cost. I believe there's an opportunity for a more budget-friendly option that would appeal to a broader range of travellers. Imagine a metaphorical "business class visa" service, affordable yet effective in safeguarding against potential scams when dealing with essential services. This could be offered in tiers such as Platinum, Gold, Silver, and Bronze service levels, catering to different needs and budgets. Such an expansion could not only enhance their business potential but also broaden their market appeal, making quality visa assistance accessible to more travellers.
They try to stay away too many foreign troops come in the country. The people made this plan are privileged people and would not care plebs outside the Kingdom.
The visa needs a tax exemption
Over the last 3 years they have increased the price of the 20 visa by 5 times! I think that is very excessive now.
Very useful as the website didn't explain the point system that well
Who cares about credit card like benefits if you want them get a good credit card
Awesome show Chris!
I got my Privilege Card recently, and I am arriving in Bangkok next week. Yes, it is an expensive option.
Hope you got a good tax lawyer. Your going to need one with the new and proposed tax laws in Thailand
@@MikeFoscolos-ch7ms not sure what you're talking about, you can't pay tax unless you have a TAX ID and you can't get that unless you have a NON O visa which the privilege is not.
@chrischiangmai anyone staying more than 180 days is classified as a tax resident and can get a tax ID irrespective of visa type. If you stay 180 days a year and have assessable income you must register for a tax ID and declare it. Some say they will not get a tax ID, not declared etc. First that does not mean you are not liable to pay tax, it merely means you are committing tax evasion. If for whatever reason you are caught it can be quite serious. Second, it is likely given the tax information system coming into place you will be caught. Even today in the BKK post the revenue department has been boasting about sending letters out to those they discovered are not in the tax system. Not to mention that even with Dual tax agreements, you will pay more in Thailand than if you just stay at home. Many people are being misled by the fact the privilege visa is a tourist visa. Even as a tourist if you stay 180 days you need to get a tax ID and declare tax.
@@MikeFoscolos-ch7ms You have to prove you have assessable income in order to get a TAX ID, if you just take money out the ATM you will have no proof in order to get the TAX ID. That's not dodging tax that's simply you don't have assessable income because you've got no financial transactions. My guess is you've never applied for a Tax ID and don't know what you're talking about.
@chrischiangmai The new law takes effect 1 Jan 2024 with declarations taking place by April 2025. You can get a tax ID once you can establish you have been in Thailand for 180 days in the calendar year. You go to the local tax office and fill in the paperwork and they check your entry and exit status nothing more. They will ask you if you have declare income the answer will be yes if you are remitting foreign funds. As for ATMs and foreign debt and credit cards it is tracked and classified as remittance of income in Thailand. Suggest you ask a tax lawyer of your choice for advice. Sadly I do know what I am talking about. I am only the messenger don’t shoot me.