In Thailand, I am living off my savings, and my savings are tax free. I got proof I have had them pre January 1st, 2024. Why would you say I need to pay taxes on my savings? I don't need an LTR to remain tax-free in Thailand in the future 😎
yes, he must be joking. I LOVE my retirement extension. It is dirt CHEAP compared to the LTR requirements. And I live off savings I held long before January 1, 2024. I will be completely tax-free in Thailand, but don't need a LTR for this . . . . . He just didn't reveal the FULL STORY about the REAL costs for a LTR visa
yes, ABSOLUTELY incomparable to the CHEAP CHEAP requirements for a Non-Imm-O Retirement visa 😂🤣😂🤣😂🤣😂🤣 seriously, are you joking? Nobody needs a multi entry permit. I get along with one exit per year on my Retirement extension, the single entry permit is 1000.- THB, which results in 10-year costs over 29.000.- THB. Still cheaper than the LTR 50,000.- THB
WEALTHY INDIVIDUALS HOLDING AT LEAST USD 1 MILLION IN ASSETS
Owning at least USD 1 million in assets under the applicant’s name
Minimum average personal income of USD 80,000 / year in the past two years
Combined investment in Thai government bonds OR direct investment in companies registered in Thailand OR Thai property of at least USD 500,000
Insured under a health insurance covering a minimum of USD 50,000 OR receiving social security benefits in Thailand OR deposit and maintain at least USD 100,000 in bank account balance under the applicant’s name during the past 12 months
Please check your eligibility to apply for e-visa and submit the following documents via
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Biodata page of Passport or Travel Document
Declaration
Photograph * taken within the last six months. If the photograph does not reflect your current appearance, you may be refused to enter the Kingdom of Thailand
Letter from BOI
Other documents as required
E-visa will be issued and be notified via email and your e-Visa account
Visa Fee * LTR visa processing fee at each Royal Thai Embassy/Consulate-General is based on the fee in Thailand (50,000 THB per person per 10 years), but may vary and is usually more than the fee in Thailand, depending on the currency rate and the additional fee which might be applied in some countries.
Please note that the processing fee for the e-Visa application is non-refundable. In case the e-Visa application is rejected due to incorrect information, mistyped letters, etc., a new e-Visa application shall require the applicant to withdraw and re-submit and the applicant has to pay for the processing fee again in full.
It is advisable that you contact Royal Thai Embassy/Consulate-General, who is the main responsible organization of the e-Visa, for further advice and suggestion prior to applying for the e-Visa
Visa period and staying permission
According to the annoucement of the Ministry of Interior Affairs, the applicant who passed the qualifications endorsement for LTR visa (and has had the visa issued in the period within 60 days from the date of qualifications endorsement letter issuance) will receive the 10-year visa stamp from the Immigration/Thai Embassy on the date of your LTR Visa issuance. However, the immigrantion will grant the permission to stay in Thailand with unlimited accesses to the Royal Thai Kingdom (multiple re-entry) for no more than 5 years. This means that you will get a 5-year visa stamp first. And, before the expiration of your first staying permission, your qualifications and criteria will be verified again (you will be required to submit documents and proof via the system). If your qualifications and criteria do not meet the requirement e.g. for Wealthy Global Citizens catagory, if the value of your investment in Thailand is less than USD 500,000 because you sold your property, or have canceled your health insurance and did not have a proof of the health insurance for the past years* etc., in such cases, the LTR visa shall be revoked.
* Remarks:
* You are required to report to LTR Visa unit if your purpose of staying in Thailand is different to the purpose you applied for the LTR visa i.e. For LTR : W and LTR- H as staying in Thailand with an incorrect type of visa might be against the law.
The LTR Visa processing fee of 50,000 THB per person per 10 years and the Digital Work Permit processing fee (for applicants who applied for Digital Work Permit only). The total work permit fee can be seen on the work permit payment form. The total fee is calculated base on the annual fee of 3,000 THB per person per 1 year)
"better" and "best" are relative terms . . . . . . . . the "Non-Imm-O Retirement Visa" is the better visa. Each 1-year extension of stay permit costs only 1900.- Baht. So for 10 years the costs would be only 19.000.- THB, compared to the 50,000.- THB for a LTR visa. Which one is "better"? It depends. You only need 800.000.- THB on an account (23.000.- USD) to quaily for a Non-Imm-O retirement, compared to the requirement of earning 80.000.- US Dollars per year to qualify for a LTR visa. What is "better"? Again, it depends