Interesting thing you say about cancelling when aged 70. I wonder what the LTR retiree's think of that as they need health insurance as part of their visa requirements. This means if they try to renew after 5 years and are over 70 then it might be refused. Also, if their health insurance gets cancelled during the first 5 years then they could be deported.
They will probably block those who go out then come back the day after. Probaly 60 days then u must leave for 60 days before coming back with a waiver stamp. Other than that u will need to apply for a visa.
Any day now in fact! I live back in Philippines, even they are cracking down. They have limited the daily withdrawal to about usd5000 per day. I just withdrew usd2500 and it had to be authorised by the branch manager! Mulling cash is high on the agenda!
The Indian are coming up and in second place. They come to Thailand set up bank accounts acquire Thai sim cards, go over the border to Mayanmar and Cambodia and scam via Thai mobile towers using their Thai sims and bank accounts. The banks have been infiltrated
These things work in the opposite direction (Japan, South Korea) That if u are in country for longer than 183 days, YOU must go to the tax office and ask for tax CLERANCE to leave, this is already law in Thailand just its not enforced AS YET!
just became a risky retirement plan. Thailand has become the SE Asia center for crime, the most damaging crime, financial! The Chinese are pissed off with Thailand!