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800k visa requirement
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Many financial products work like a checking account here in the states... are there money market or a different local thai equivalent that you could use to satisfy the 800k baht visa requirement..
I can't understand why the thai government doesn't just offer a 10 or 20 year cd that would fulfill the requirement..
Can holders of 800K and over in a savings account use finanical prodcuts as well to meet the reqiurement? My bank is offering 5% CDs on accounts with $30K USD equivalent in baht.
I'm considering spending down the 800k I have in the bank and paying an agent to renew each year. I should be able to make 100k or more from investments and the agent should only cost around 20 to 25k.
What do people consider as the downsides to this approach?