this new Thai visa could change your life

Рет қаралды 208,509

Күн бұрын

The new LTR Visa in Thailand could change your life. It might be the best visa to come out of Bangkok, and in this video I'm going to give you all the details.
So if you are looking to retire in Thailand or work remotely here then this visa could be for you. Living in Thailand has never been easier....if you qualify.
To apply online, go to this Thai Government website: ltr.boi.go.th/
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0:00 This Thai Visa Could Change Your Life
0:47 What is the LTR Visa
3:14 Thai Visa Office
4:00 Why did Thailand create this visa?
4:40 How many have applied?
5:22 What is the most popular LTR Visa?
5:49 How do you apply?
6:55 Can you apply inside Thailand?
7:30 How do remote workers qualify?
9:25 Can freelance digital nomads qualify?
9:45 Do remote workers pay tax?
10:30 Can a spouse work?
10:55 How do retirees qualify?
12:45 What documents will you need?
14:05 Can you qualify with retirement savings?
15:45 Can you buy real estate?
16:35 The fastest way to buy real estate
17:55 Foreign land ownership
19:20 Tax for Retirees
19:35 Can you start a business?
20:32 How much does the LTR Visa Cost?
21:20 What about the 90-day reporting?

Пікірлер: 968

@RetiredWorkingForYou Жыл бұрын

To apply for the LTR Visa, here's the link: ltr.boi.go.th/

@dananna8614 Жыл бұрын

Great video like always

@Pokerrr Жыл бұрын

@@dananna8614 in how long I will recive my 60 days visa ? It's been almost a month and I didn't get it yet!!

@lineage13 Жыл бұрын

Major companies don't provide a more stable career than a smaller company. Elon Musk just took over Twitter no more remote workers and 75% of work force is now fired.

@pfguo87 Жыл бұрын

Hi, can you do a video about this LTR Visa vs Elite Visa? Would love to see the differences or similarity between the two and to compare to see which is better.

@alexnhan8527 Жыл бұрын

Stan is probably fired. You can kiss Thailand goodbye !!!!

@hkhou Жыл бұрын

For retirement - you need to have $80K USD per year or an investment fund of $800KUSD - this is quite high. I believe the total cost of living in Thailand might be less than $25K so I think they need to reduce the $80K threhold

@martypoll Жыл бұрын

The whole program is targeted to wealthy individuals. It is not hard to spend a lot of money here for a higher standard of living.

@mactravel112 Жыл бұрын

they aren't looking for backpackers with this visa

@dennythedavinchi3832 Жыл бұрын

They know their countries cheap living price merit but they need to limit the numbers overseas and take advantage as much as possible. Try to require only wealthy people move into the country, not decent dude.

@lazaruz4096 9 ай бұрын

I think it's not them who have to lower the threshold, it's the foreigners who have to lower the threshold. This type of visa is just one option out of all. So if you think you can't reach it, You need to look at other types of visas.

@vashkarpalma5964 4 ай бұрын

800K usd in us stocks?

@david-reason Жыл бұрын

OPTION A - Only 1,900 Baht ($55.82) for an Annual Retirement Visa (anyone over age 50) plus 800,000 Baht ($23,506) in a Thai bank - VERSUS - OPTION B - $80,000 annual income, $250,000 in Thai Govt Bonds or Property + 50,000 Baht in fees ($1,470) Take OPTION B, if you have more money than sense!

@Gh0st662 23 күн бұрын

Option A only applies to old people...

@jomontanee Жыл бұрын

7:52 Miss Kantarot’s humor with Chris is PHENOMENAL!! She is so witty, charismatic, yet informative and fantastic representative of our beloved country!😂🇹🇭💖

@luiso.6819 Ай бұрын

totally agree, she is great! and represents Thailand very well! :)

@chevoldavis Жыл бұрын

Hi Chris great video! My wife and I have just been approved for the LTR and have went thru the entire process. We are in the work from Thailand category, the process was fairly simple and was all completed in under 20 days. There is a little more complexity to it when you get the Notification Letter for Qualifications Endorsement, you must choose where you go pickup your visa (Bangkok OSS or Royal Thai Embassy abroad). The choice also affects the cost (50,000 baht) and how the initial entry into Thailand goes (visa on arrival, tourist visa vs LTR fast track). If we chose to pick it up in Bangkok we would have had to get entry via visa on arrival (we are US citizens) and then transfer that to the LTR at the OSS office in Bangkok when we picked up the LTR visa. There are also optional and case by case based documents for proof, we had a couple of those but they are all listed and fully documented (ie. audited corporate's annual financial statement for the last 3 years). Your video is a great summary video and I wish your video would have been around before we started the process because it would have saved us a lot of time. Love the videos and hope to make it to a subscriber meetup some day!

@jomontanee Жыл бұрын

Thank you for your story! So informative!🙏🙏💖💖

@rolfpoelman3486 Жыл бұрын

*bhat baht

@agentdark64 Жыл бұрын

Name of company? If you're a software engineer and they need some more devs, i'd love to know the names of companies letting employees do this.

@lautony2841 Жыл бұрын

Hi, your story is adorable. I am apply the LTR wealthy Pensioner but BOI staff request non-criminal record but don't send a request letter for me to obtain the record. did you receive request for obtaining non-criminal record in the process of your application? 😊 thanks in advance.

@chevoldavis Жыл бұрын

@@lautony2841 for me in the US I had to go to my local courthouse and get a certified copy of my criminal record showing no record

@JanBadertscher Жыл бұрын

The Work-From-Thailand requirements for remote workers is crazy. I'm using a sub-contract system, in order to legally work in Thailand with a WP while the company is actually is in Switzerland. Before that I worked in a local Thai company paying 35% tax for 5 years. I have several friends from SEA and India who are upset and moving back, due to the crazy LTR requirements. I would qualify for the highly skilled professionals income requirements, but the base company is abroad. So even though I am highly above the minimum income requirements and fluent in written and spoken thai after 6 years I will move back to Switzerland, due to the really weird conditions. Maybe as a retirement destination or holiday destination yes, but to live one's life here? I changed my mind :)

@ChrisBird1 Жыл бұрын

crazy indeed ...I would say comical..

@hellotheregeneralkenobi365 Жыл бұрын

Why wouldn’t you qualify if the company is abroad? In the example here the person works for Twitter which is an American company

@litbookpro Жыл бұрын

is there a sub-contract service you could recommend ?

@bigradwolf5001 Жыл бұрын

@@hellotheregeneralkenobi365 Because the company probably is unaware they subcontracted the contract and hence could not provide documents being required. The contracting company meanwhile, may not meet the big revenue requirement as well as publicly traded listing requriement.

@bijanbayne3259 2 ай бұрын

Facts. I have a digital branding firm in the U.S. but live in Jomtien. I'm involved in helping Thailand reach its goal of 79,000 foreign AI professional hires. Helping the Embassy, the Thai IT firms, the minister of digital economy. I'm hoping they grant me a Smart 'S', to facilitate my staying & working on that. We'll see. It's almost a must in my proposal.

@10000words1 Жыл бұрын

If Stan is a remote worker at Twitter, he may not have a job much longer 😂

@poorlybuffalo555 Жыл бұрын

Unless he can elongate his contract...

@pathkris2984 Жыл бұрын

@@poorlybuffalo555 What is a contract? I do not know about any employment contracts in the US. All employment is at will, with 2 weeks notice period. It will be interesting to see what happens when Stan loses his job after getting the LTR visa. Does the annual verification check this again?

@jomontanee Жыл бұрын

😂😂

@TheBodiesInTheWaterBeckons Жыл бұрын

Normally i don't take joy in people losing their jobs, but. For Twitter employees i made an exception. You guys ought to see that Tiktok clip of a day in the life of a Twitter employee. It's a literal adult-daycare and people wonder why, why Twitter is in such a shape, all their employees are adult-babies. That company needs to be reduced to virtual particles.

@Resmith18SR Жыл бұрын

I hope Stan is gone. Along with Yoel Roth.

@WATCH-IT-BUSTER Жыл бұрын

I was in Thailand in September, I don't see one million MILLIONAIRE'S applying for this visa, they need to decrease the requirements in order to achieve 1,000,000 applicants.

@worldnomaderic Жыл бұрын

@@travelingsober $80k AND be over 50...or more requirements that will keep many people out that still make $80k/yr.

@metalguru5226 Жыл бұрын

@@travelingsober In 2 months they've had only 1000 applicants. There's ZERO chance they're getting anywhere near one million over 5 years. It's far too exclusive and a total failure.

@dennythedavinchi3832 Жыл бұрын

I know. This is not better option than 10 years Elite VISA. Those millionaires probably move to Mediterranean countries or Latin America instead with this requirement.

@mderieg Жыл бұрын

Great video Chris. Applied for the LTR on 22 September. Got the visa stamp on 4 November. Your video answered all my questions Khun Kanterot is great. All the BOI staff I interacted with were warm and friendly and seemed to want me to succeed. The software was very fit for purpose.

@RetiredWorkingForYou Жыл бұрын

Great to hear!

@bruce6641 Жыл бұрын

Although I now qualify for the LTV as a pensioner I still prefer the relatively simple Retirement Visa. I lived here for 5 years under that program of $800,000 Thai baht deposit into my own Thai savings account, 90 day reporting (not a big deal) and 1900 baht annual renewal with basic information. I don't want any Thai bonds or real estate for that matter as I enjoy simply renting and moving around the country. Plus I don't really want all my tax/financial info in Thai govt files. Great video Chris!

@davidcarter3284 Жыл бұрын

Same here poor/ unreliable returns in Thailand

@rolfpoelman3486 Жыл бұрын

*$800,000

@MrEye4get Жыл бұрын

I too think the current Retirement VISA is easy and cheaper. 90-day reporting isn't difficult, but annual renewals are sometimes a challenge due to unspecified changes. I have the income needed for the LTR VISA and might apply to see what happens.

@spiki_x6863 Жыл бұрын

Trusting a Thai bank with your money is worse than having it on a crypto exchange. You might be gone for a couple of months and when you come back, is not there anymore. Good luck getting it back. Nobody in the bank will even talk to you.

@mactravel112 Жыл бұрын

Not sure why anyone who isn't angry at their money would tie up 800k in a Thai bank at 0.25%. That money could easily make 5% in many nations and you are missing out on 40k baht annually. 90 days reporting is no big deal for sure, but no reporting is much better. For LTR pensioner you don't need Thai bonds or real estate. You simply need to have adequate income.

@gu411230 Жыл бұрын

One of the Clearest and Concise video on the subject matter. Questions which really hit the mark !!! Fantastic. Ms Laopradith is on form and on the dot with all her response with the questions posed. Very impressive indeed.

@RetiredWorkingForYou Жыл бұрын

thanks a lot!

@mo-jk7om Жыл бұрын

Agreed, great vid! One requirement that was not touched upon was the health insurance - it ain't cheap for foreigners / retirees. Is it possible to get this once your in Thailand?

@jupst Жыл бұрын

Price for this visa to UK Applicants is £1,500 GBP (London Embassy/eVisa) - so at current exchange rate, it's more like 65,000baht, rather than the quoted 50,000baht.

@jomontanee Жыл бұрын

Thank you but it is the same amount you pay anyway?

@Noiconnotag Жыл бұрын

I 'm not qualified for any of the categories, so basically stopped watching after the 3 minute mark. Don't see how this is a life changer.

@user-zu3jp9zo1f 2 ай бұрын

So most of peoples!Forget it!

@thaisupport8378 2 ай бұрын

Thailand is not even your destination so just go to next video , save those 3 mins

@Noiconnotag 2 ай бұрын

@@thaisupport8378 It used to be, but lately I 'm looking into the Philippines and Vietnam for long term (years/retirement), and short visits (weeks/months) to Cambodia, Thailand, Malaysia, Indonesia, Singapore.

@KhmerMinnesnowta Жыл бұрын

We are retired people and we would apply for Thai Elite Visa options for long term stay like 5, 10, or 20 years without any incomes requirements if we want to stay there. For now, we are hopping around to some of these free visa countries like Mexico for six months, 3 months for Malaysia, Taiwan, or Korea with the US passport. There is always an option in life with pros and cons no matter where we live. Be kind, be cool, and be happy!

@JamesBondEsq. Жыл бұрын

@Khmer Minsota Love it! That's my plan!

@lezzeppelin2222 Жыл бұрын

@@JamesBondEsq. That plant isn’t working for Thailand. Thailand is targeting for rich foreign .

@rolfpoelman3486 Жыл бұрын

@@TheH00kie you need to edit your comment to copy it and paste it in the main comments section. And delete this comment from here.

@globalpropertyinvestment Жыл бұрын

@@TheH00kie just looked it up - the vote was passed - 40 million baht minimum required to buy a max 0.40 acre site and can only be in Bangkok or Pattaya. Way too expensive for my tastes.

@TheH00kie Жыл бұрын

@@globalpropertyinvestment ah that’s quite restrictive then, I’m also looking at Malaysia as there are no land ownership restrictions at all

@missrina1111 Жыл бұрын

Wow! I just watched your video the day before you came and did a video in my condo at Ashton - a young neighbor of mine said that he had met you in the library. But I just wanted to say that your video was very very helpful. It was actually filmed in the building where my office is located at. I forwarded your video to my agent. Too bad I miss you at the condo!!! Thank you for all your great videos. I hope to meet you one day!

@jaredspencer3304 Жыл бұрын

For those wondering, Thai Government Bonds are currently rated BBB+, or "Stable". So it could actually make up the bond allocation in your retirement portfolio.

@ShiaoBao Жыл бұрын

Where can I get the information on the rates these Thai bonds are paying currently?

@BobbyDazzler888 Жыл бұрын

Wait 12 months

@Antandthegrasshopper Жыл бұрын

I'd rather invest in a Condo. At least you'll have hard asset.

@michael2275 Жыл бұрын

I wouldn't touch Thai bonds or property. Sketchy

@jomontanee Жыл бұрын

@@michael2275 Stay in your country then.

@tavilyeedyaw6910 Жыл бұрын

เรายากให้ทุกคนมีแต่ความสุข. ไม่ว่าชาติใด หรือศาสนาใด. ขอให้ทุกคนมีแต่ความสุข

@EKspeed Жыл бұрын

Crazy, if you that rich and making that kind of money to qualify for that Visa I don't think you would be moving to thailand. The people that go to Thailand go because their money is worth more and they can get more out of their money in Thailand than they can at home. Regardless of the food the beauty and so on if the Thai baht was equal or more than your home currency you would think twice going to Thailand.

@martypoll Жыл бұрын

$80,000/year is hardly rich in the US. While the favorable exchange rate here in Thailand is great for those with a low income it works the same for those of us with higher income. We get more for our money too. Thailand is a great place to be separate from the economic benefits.

@bigpirate7513 Жыл бұрын

I'm Thai you said is very true ,Thailand is a good place for western expats for their budget rent a condo and try to live as thai will save your money don't buy anything or investment in risk I'm a thai expat Bangkokian I kicked me out from bangkok to stay in another province for save money.

@Schrear Жыл бұрын

120k a year is not that much lol people who makes 100k-150k WILL want to move to Thailand because of the low cost of living and use most of their leftover income for investments. It's not about being able to afford to live somewhere "better", which is super subjective. Thailand to me is one of the best, good beach, good mountains, good cities, BEST food.

@lecannet Жыл бұрын

That's right they b residing in south France with the fresh air and high class public amenities aaahahahaha Thai delusions LOL typical

@martypoll Жыл бұрын

@@lecannet Thailand is a great place to live whatever your income. France . . . boring

@rudea.368 Жыл бұрын

Great interview/info and it is a start in the right direction. However, the requirements seem high and they would get a lot more "wealthy" people to signup if they made it a bit easier where you still would get people with $$ to come and spend in Thailand. I would simplify it...if you make 3-4K a month regardless of the source of income you can get the visa and just update the docs yearly. In that case you'd get a lot of people with the means to spend their money in Thailand which is the goal.

@Resmith18SR Жыл бұрын

I agree with you and I don't think you should have to invest in any government bonds in order to live in Thailand or any country long term. If you have a verifiable income which is many times what the local people live on there then why won't they allow you to live there?

@ZaidsExperience 11 ай бұрын

This is a great video man! More and more people will start looking at these videos in the next 1-2 years😊

@DanniChan_Worldwide Жыл бұрын

I paused the video and applied. it was VERY easy and straightforward!

@AlfredHimmelweiss 4 ай бұрын

Have you got your Long term visa for Thailand? Are you happy with the process?

@WanderlustReports Жыл бұрын

The problem for Stan is that he has just been fired by Elon Musk, along with around 50% of Twitter employees😭 Great informative video, Chris!!!

@isoaxe Жыл бұрын

I was looking for this comment.😆

@kkambucha Жыл бұрын

😆 you read my mind

@bigradwolf5001 Жыл бұрын

Stan has to support himself now by converting😁 into a ladyboy.

@BobSchiff Жыл бұрын

To get it from the horses mouth was awesome and the details you elicited were spot on. Thank you!

@RetiredWorkingForYou Жыл бұрын

Glad it was helpful!

@pauladamson8684 Жыл бұрын

Great video Chris, I’m actually going through the process myself at the moment and your information is spot on. Keep up the good work . 👍

@shadowfilm7980 Жыл бұрын

Thai visa’s seem SO complex all the time. All these requirements! It’s crazy. Why the permanent resident visa for the Philippines is so much easier. Not so many things needed. They also have a nice law for foreigners where if you just spend at least US$50,000 to buy a condo you automatically get the permanent resident visa. I know because I got one. Plus it allows you to open up a business. Plus they have a special window at the airport for these card holders. It’s called an ICR card. Quota visa. Thailand really needs to simplify their requirements. It’s nuts!

@everydaydose7779 Жыл бұрын

Thailand on a $500 billion hunt in 5 years 😂 250k-500k investments with not a lot of benefits is a deal breaker

@davidm4677 4 ай бұрын

Thai visa and permanent residency seems like bubble mind bursting now I will look at Philippines since I will just purchase 50k usd condo and get permanent residency seems simple and straightforward.

@jeanbrouwers Жыл бұрын

You're a king Chris. Thanks for this video!

@RetiredWorkingForYou Жыл бұрын

Glad to help!

@lezzeppelin2222 Жыл бұрын

@@travelingsober Westerner expats must bow down to the Thai king if not then go to sleep in the jail .

@jomontanee Жыл бұрын

@@travelingsober It is ok. We the royalists know the difference between good humor or insult.

@frankflores6707 Жыл бұрын

Best Video Yet on Visa in Thailand!!! You are without question the best Channel on KZfaq!!! Thanks Again!!!!!

@juergengreger Жыл бұрын

Amazing Thanks Chris for this gorgeous update

@Brian-xi3mf Жыл бұрын

Chris, knowing for us in 🇨🇦 that Thailand has a Timmy's ☕️ is reason enough to come. 🤣

@cryptochristo1780 Жыл бұрын

Stan qualified, but was one of the 75% that are getting fired by Elon Musk. Too bad Stan.

@RetiredWorkingForYou Жыл бұрын

that's a good one

@pathkris2984 Жыл бұрын

Not only that, most public companies don't allow remote work. They all want you to come in sometimes (or stay in the state) where they have their business.

@dotcom2528 Жыл бұрын

If Stan worked at Twitter he should not only be fired but put on fire....

@ÁzsiábaSzakadtam Жыл бұрын

😂😂👍

@VasuAmpaipan Жыл бұрын

Rip Stan 😂

@KeithFujiyoshi Жыл бұрын

Thanks Chris! That’s exactly I wanted to know about LTR visa.

@ww3k Жыл бұрын

Thanks for asking the tough questions! Great info

@davidd5636 Жыл бұрын

I had a totaly different picture of Thailand, the people are so friendly and nice and the government seems to do what is best for people, I like this a lot, thank you and also to the Thai lady who explained everything, this is gold information. Have a good day

@RetiredWorkingForYou Жыл бұрын

Thanks for that!

@martypoll Жыл бұрын

I am one of those 1000 initial pensioner applicants. I am waiting to hear from them.

@RetiredWorkingForYou Жыл бұрын

oh amazing....good luck!

@pheonix2231 Жыл бұрын

Yes please do a video on starting a company in thailand!

@rytheinvestorguy4749 Жыл бұрын

Chris, thank you. This video was so informative! I hope you keep us updated. I hope to be in Thailand in 18-24 months.

@kevinbloomfield1412 Жыл бұрын

Deffo the best youtuber I watch. This video was so good and something we are looking at doing in the future

@IdeaStudioBKK Жыл бұрын

Great video brother, the level of access you have is second to none here in The Big Mango!

@agentdark64 Жыл бұрын

My options for staying long term in thailand (As a software engineer): a) Apply for a job in thailand and accept a lower salary. Hard because thai employers don't want to hire people who earn good money and have options in their home country. b) Apply for the LTR visa. Australian employers want us to be in the office once a week even though we are in huge demand. It's still difficult to negotiate. c) Work for an australian company, save 5000 USD per month and after a year, go holiday for 6 months. Hard because of lack of visa options even though I can fully support myself while in thailand. And don't suggest elite visa because it is not worth it if you are only going for 6 months every 18 months. And here's the thing, the elite visa isn't worth it if there is a chance you could find work in Thailand because they don't refund you for the remaining time of the membership should you decide you don't need it.

@TheThaiLife Жыл бұрын

Or keep your software engineer role in your country. Work nights. Marry a Thai woman for a marriage visa or Retire here. These "smart visas" always have several poison pills built in which disqualify anyone that would actually want to stay here long term. I've been here 5-years from 38 years old until now. I usually work until 9pm until 2am and am on a marriage visa.

@spookyblack7526 Жыл бұрын

Irrelevant information

@NowGetThere Жыл бұрын

Awesome information! thanks for sharing Chris

@petergriffin3127 Жыл бұрын

Great video! Wish my family could move back to Thailand! Left 5 months ago and finally missing it

@philly1776 Жыл бұрын

Sorry, 20 year Thai Elite Superiority Extension visa is the way to go. 20 year visa for 1,000,000 Thai Baht ($26518 USD). Sure, you have to pay up front, but if you break that down its $108 USD per month for 20 years. And no need to "invest" 250,000 USD or 500,000 USD in Thailand.

@Freedom-33 Жыл бұрын

Yes but why does this visa get exempt from 90 day reports and not Thai Elite

@andrewbrann6231 Жыл бұрын

Eh I just got back from Thailand and I don't know a whole lot about it but seems like the monthly border run would just be easier for me. The one things the Philippines does have better is you can keep extending up into a much longer before you have to make a border run

@Coconutwater24 Жыл бұрын

He listed multiple options without the investment criteria.... Also you aren't factoring in time value of money. But yeah if they are going to tax your income I would say 20 year elite still better

@nathanbarnhart7823 Жыл бұрын

You can just have 1 million in us assets though.

@Moz8476 Жыл бұрын

This is the best way to go honestly

@kevbrown1867 Жыл бұрын

Talked to a expat from Uk in Bangkok a few weeks back and he has been living there for years on a retirement visa . He basically said he doesn’t do anything just pay a agency around 500 bucks and they do all the paperwork and every 90 days he pays them a small amount for them to do the reporting. I got the impression he wouldn’t normally qualify if he applied himself something about the problems for him to provide required documentation but doing it this way was very easy . I guess there is always a way around things

@leotravel85 Жыл бұрын

Agency name?

@martypoll Жыл бұрын

$500 is about 19,000 baht. An LTR for a pensioner is 50,000 baht. For anyone using an agent the 10 year LTR is considerably cheaper.

@LeoR4U Жыл бұрын

@@martypoll Well, freedom has its price ;-)

@pathkris2984 Жыл бұрын

@@LeoR4U Haha good one

@davidcarter3284 Жыл бұрын

@@leotravel85 there’s lots in Pattaya n Bangkok max 34000bht first year then 12000 to renew

@aniwee17 Жыл бұрын

This is a nice interview. Thank you.

@pamelaalston4178 Жыл бұрын

My husband and I have decided that we will retire in Thailand as wealthy pensioners in our 50s. Our target date is within 36 months from now. We have a lot of downsizing to do! Thanks for this video!

@daytonkinney219 Жыл бұрын

Too young to retire and currently working towards the PSLF Student Forgiveness program so unable to uproot our life here. But my husband and I are daydreaming in 10-20 years to make that move! ❤ Thailand

@MT-gh9hs Жыл бұрын

Step in the right direction but it is a shame that even the big companies are moving away from higher education degrees because depending on the industry the degree is actually obsolete. The age requirement is another bummer. I fit the income requirements and would love to be able to participate, but currently operate in other SEA countries that have more favorable visa situations, but my first choice would be Thailand if they had the appropriate solution.

@HaiTran-pv1pg Жыл бұрын

I was born in Thailand, raised in Canada since I was 5 months old since 1985. After watching this channel, I've been trying to figure out how to retire here asap 🙃 lol

@cos6699 Жыл бұрын

Great video Chris! This Torontonian will be in Thailand from January 6th to May 25th! No winter for me! ✈️🇹🇭😀☀️

@asiaexpat62 Жыл бұрын

A major issue not mentioned is the Health Insurance requirement. For those US citizens over 65 this is a big cost if they can even get insurance since Medicare is not available in Thailand. The option to self insure requires $100000 deposit (not touched except for health care as I understand.)

@kippsguitar6539 Жыл бұрын

Exactly right

@mactravel112 Жыл бұрын

@@melmalinowski9125 you have somehow presented that information to them in the wrong way. The 100k interpretation was very liberal for mine.

@mactravel112 Жыл бұрын

@@melmalinowski9125 it’s very true. Simply telling you how they interpreted mine. Account is fully invested. Albeit I’m not American….

@ThailandThomas Жыл бұрын

Does Stan want to adopt me? Wish I could own a home in Thailand, but I also worry real estate prices will go through the roof if they let expat to own land. Great video Chris. I always enjoy your video, looking forward to more!

@RetiredWorkingForYou Жыл бұрын

hahaha.....funny comment Thomas.

@MrEye4get 11 ай бұрын

Thanks to you for mentioning this! I just received my LTR Visa. Simple application process online. No bank account. No work permit. No 90-day reporting.

@RetiredWorkingForYou 11 ай бұрын

Wonderful!

@marko5937 4 ай бұрын

Great video, Chris! I took notes and saved this one for future use. Thank you for preparing this - well done! - Mark O, U.S. East Coast Viewer

@BestlifeNomad Жыл бұрын

Love your work and your commitment to humanity 👏 Q: As a disabled vet, under 50, making over 40k a year. What's the best visa available to a person like me? From your perspective, would it be easier for me to expatriate to Thailand or the Philippines? David

@mactravel112 Жыл бұрын

Phillippines does make it very easy for American veterans...

@BestlifeNomad Жыл бұрын

@todd mcgowan Thank you for the input. I have been looking into it and Phillipines seems to be where I want to be. But I'm still 38. So I'll have to wait for the golden years to have residency.

@RubbingPotatoes Жыл бұрын

But Philippines is unsafe. Nowhere near safety of Thailand. Some people hire a bodyguard.

@maxcarter970 Жыл бұрын

The $150m requirement is stupid and will be a deal breaker for almost all potential applicants. Nice one Thailand.

@genericdeveloper3966 Жыл бұрын

Right. If I have $150 mill, I'm getting second citizenship in Monaco and the Caribbean for my investments. And I can visit Thailand whenever I like.

@maxcarter970 Жыл бұрын

@@genericdeveloper3966 the requirement is that your employer has revenue of $150m.

@Jays22b Жыл бұрын

dude best news ive heard in so long. Im coming ASAP

@treyatkins5617 Жыл бұрын

Thanks for the info, great video. Did you discuss the health insurance requirement under the LTR with the official you interviewed?

@mattking9679 Жыл бұрын

Man this is awesome! I’m coming next month to try to figure out where to live. I really hope they make that change for home ownership 😊

@TheXauro Жыл бұрын

So thai elite card are still the best for most under 50, thanks!

@yoginelson 2 ай бұрын

Thank you for this video. I plan to go for the retirement visa at the $80k. I’m going to try to do it in my own now that I have this information. Thank you.

@glb_tvlr Жыл бұрын

Looks like the magic number for this visa is to be 50 years old. Many people retire before this age and would like to retire in Thailand. I retired at 37, am married to a Thai citizen, and won't qualify because of my age. This 10 year LTR is something I'm very interested in.

@nyro7775 Жыл бұрын

Great video and info.... I don't understand why someone is subjected to a "vetted" process upon reaching 5 years to see if you still qualify for the remaining 5 years when you have already invested time and money, and were originally deemed qualified for a 10 year visa. I wonder what would happen then if your financial situation took a reversal at the 5th year mark although you were accepted as the perfect candidate at year one?

@michael2275 Жыл бұрын

The requirement for the $1M to be in an 'annuity' or pension fund is preposterous. If you can prove you have a $1M liquid net-worth you should be good to go imo.

@pathkris2984 Жыл бұрын

Yes, the annuity or pension fund makes no sense.

@aublumberg Жыл бұрын

It is the latter, at least USD 1 million in assets for Wealthy Global Citizens, plus the other requirements listed on the website.

@michael2275 Жыл бұрын

@@aublumberg Solely having >$1M liquid should qualify you. >$1M + >$80k/a income requirement is stupid.

@jampasurprenant1794 2 ай бұрын

That's exactly what I want to know and learn about the new Thai immigrants rural . You did an excellent job of interviewing .

@jasonwilkinson3887 Жыл бұрын

A great improvement and something to possibly look forward to sooner than later.

@iamkamsai Жыл бұрын

Once foreigners can buy villa's including land thats the game changer. Thats what where all waiting for. Can get these thai elite visas anytime.

@arrukkikrina2755 Жыл бұрын

It's the hardest thing to happen. Because the law has to be passed by the parliament and the conservative legislators won't be able to pass these things.

@JohnMartin22222 Жыл бұрын

You will be able to do it. 40m Invested into Thailand and you can have 1 rai. I think the facts remain, if you can’t afford to loose it don’t buy it.

@arrukkikrina2755 Жыл бұрын

@@JohnMartin22222 If you have 40 million You're just looking for a Thai wife. 40 million, you're still not going anywhere. and if you spend 1 million baht per year in Thailand You will live for 40 years. by being a Thai husband It's easier than a one-time investment of 40 million.

@sgraham005 Жыл бұрын

I applied because of your post, great information and interview. It's still a bit fuzzy to me. I am retired but unwilling to put my money in an annuity (usually a poor investment strategy). I manage my stock portfolio (yes it's down). I previously already "owned" two properties here in Thailand but I couldn't put them in my name due to Thai property ownership rules. We put the house we build in my Thai wife's name and the townhouse in a Corporations name. When you buy a place you also spend quite a bit to update the places so the purchase cost doesn't reflect the actual real estate investment. I also am putting two Thai kids through University (supporting a family) but that's. not part of the consideration. They also want you to evidance longer term health insurance. I buy my Thai health for when I am in Thailand, buying a long term policy just to meet the application criteria hmmm. As I said I applied, let's see what happens, hope it works out. Thanks for the information.

@captainLoknar Жыл бұрын

..or marriage visa?

@sgraham005 Жыл бұрын

@@captainLoknar Nothing wrong with them. I just prefer not to hassle with the reporting requirements as I am in and out of the country. Perhaps you can enlighten me on what happens (married visa) when you are out of Thailand and need to renew?

@sgraham005 Жыл бұрын

D.C. area code?

@captainLoknar Жыл бұрын

@@sgraham005 reporting is done once in person then with the online process. if you apply 7-15 days before the 90day limit it always goes smoothly and takes 1 minute Get a multiple entry visa and renew it annually

@robspirko6581 Жыл бұрын

Steven not Stephen - sorry

@Andrew-ry6qw Жыл бұрын

Smart Thai woman and keep up the good work Chris........thank you.

@user-yt5hy1vh3k 10 ай бұрын

Thanks "Workin' for Me". Great videos.

@unclebitchie Жыл бұрын

Another nice one, buddy. Very well covered. And yes, please do that starting-a-business video, as that’s something I’m curious about myself ✌️

@SeanHendy Жыл бұрын

One of your first questions about Stan hit the nail on the head regarding the vast majority of successful remote workers, in that they are NOT working for large, publicly listed companies. Interesting that Stan seemingly does not have to pay income tax on income from outside of the Kingdom. Does this mean that for such category of residents, that Thailand is setting itself up as a tax haven for wealthy retirees/workers? Using the UK requirements, if you are non domicile from the UK, meaning you have residency status in another country, then you fall outside of the income tax requirements for your home nation, and fall under the income tax requirements for the country in which you reside. I hope that the LTR visa scheme is a success for Thailand, but I do find myself in that 'other' category, someone making well over $80k a year, that wants to live in Thailand long term and poses no threat to the employment vacancies in Thailand, but for whom there currently is no long term visa option. Being over 50, I could just apply for a retirement visa, but work remotely in contradiction to the visa permissions, or as is currently the case for many, get a 90 day visa, and likewise, continue to work remotely. Even the Elite Visa would permit me to stay in Thailand for 5 years, but still doesn't 'permit' working remotely. It seems there is still no solution for most remote workers wishing to live in Thailand. Such a shame. In the meantime, other countries have already woken up to this demographic and are or have already created the visas to stay long term and work remotely legitimately.

@SeanHendy Жыл бұрын

Also what about business owners that can run their business remotely. It's a large growth area, and these people would have in excess of $80k per year income, but they are not 'employed' by a company, given they own the business.

@augustusmaximus2283 Жыл бұрын

She was wrong. That Twitter employee will have to pay Thai taxes if he performs the work in Thailand. And your company will become tax resident in Thailand through a permanent establishment with the control person operating in TH. Now whether this will ever be caught by the tax authorities is another matter.

@SeanHendy Жыл бұрын

@@augustusmaximus2283 umm, really? She is working on behalf of the Thai government, processing the applications for this scheme. I would give her a little more credit. These are new arrangements and it is clear, not for the first time, that Thailand is breaking new ground, and in the process, developing the arrangements it wants, in respect of tax arrangements. Whether those arrangements have been formally established in law, is another matter, but no different than the current situation of cannabis declassification, and the new cannabis laws still in discussion and not having been passed.

@augustusmaximus2283 Жыл бұрын

@@SeanHendy section 5 of royal decree (signed by the king) gives exemption on: "assessable income under section 40 of the Revenue Code derived in the previous tax year from an employment or from business carried on abroad, or a property situated abroad and brought into Thailand." The hypothetical Twitter employee is performing an employment in Thailand, not abroad based on Thai tax law.

@SeanHendy Жыл бұрын

@@augustusmaximus2283 interesting perspective and input, it will be interesting to see what the final arrangements are, given this sounds like a major push to bring in a significant number of people of a certain type, and its not beyond reason that other legislative changes will happen, related to this scheme.. Lots of different models, but ultimately compared to the west, even if all income, from everywhere, was liable for income tax paid in the Kingdom, it would be a lower rate.

@MrAndrewSKinner Жыл бұрын

We are heading there in 3 weeks. A few months of travel, then thinking of settling in Thailand.

@seafc1085 Жыл бұрын

Sea, beach, mountain, waterfall, forest street food, transport, hotel, hospital, good people High quality in Thailand but lower price.....

@marcpaperscissor Жыл бұрын

Chris your the best

@martypoll Жыл бұрын

I don’t understand this idea that only poor people would come to Thailand. Thailand is a great place to be regardless of income. Why wouldn’t wealthier people not want to live here? And let’s be real about an $80,000/year income. That is by no means rich in the US. Upper middle class maybe . . they will very much appreciate the better life in Thailand due to the lower cost of living. And there has been plenty going on in the US in recent years making it desirable to leave and go somewhere else.

@lezzeppelin2222 Жыл бұрын

Fools love the military regime.

@siemmuy8887 Жыл бұрын

THANKS CRISPARKER GOOD NEWS FOR LTR VISA I LOOKING FORWARD TO MOVE TO THAILAND FROM TORONTO

@TakashiNippon Жыл бұрын

could i be wrong, but Thai elite visa makes more sense over this LTR visa, u can get 20 years for a 1 million baht...

@sbkpilot1 Жыл бұрын

Thailand is amazing... however my only gripe is that I wish the tourist visa was at least 90 days... while these visas are nice it's a bit high to meet the income requirements of $80k/yr...

@amonratpeavy9717 Жыл бұрын

You are right.❤

@dennythedavinchi3832 Жыл бұрын

It's one of conservative Kingdom you know. Looks like they polite and vigorous but in reality, it's the country attempt to be isolated from foreign influence.

@arnoldcheok7685 Жыл бұрын

Thank you for the information

@RetiredWorkingForYou Жыл бұрын

My pleasure

@gdub6842 3 ай бұрын

Great video Chris and thanks for all your hard work posting so much valuable intel. Is this LTR visa still in effect?

@edtravelbug Жыл бұрын

One thing that confused me is when you mentioned someone retired that had $ 800k US lets say and you divided it by the 10 yrs to get the $ 80k needed to qualify and you thought she said yes to that and she did BUT then she emphasized it was for annuities and pensions. So did she mean they only count your retirement savings if it is in a proven annuity or pension or is it OK being in stocks? At the 14:40 mark in the video you where clearly using the example of a couple owning $ 800k or $ 1 Million in a stock IRA fund and can use that and she said yes but only if it is in a pension or annuity fund. So there might have been miscommunication there?

@nabilkazemi Жыл бұрын

Well spotted 🍻

@enterthenuttmeister Жыл бұрын

The public traded companies kinda kills it for most people. Specially from smaller european countries. Such a weird requirement, seems BOI is making another "Smart Visa", ie a flop. 1000 in a few months but want 1000000, how can that be considered and success? Weird. Better just forget about getting any type of visa for Thailand and continue going there on visa exemption. But nice video! Cheers

@paulz6491 Жыл бұрын

And with Elon Musk purchasing Twitter and taking it private poor Stan will be out of luck 😊

@genericdeveloper3966 Жыл бұрын

"Such a weird requirement" But it isn't so weird knowing government understands nothing about economics 😄. This is what we can expect from people working in the public sector.

@Andrew-ry6qw Жыл бұрын

Do whatever feels right to you........this LTR visa can't please everyone, give and take is a bottom line.

@DSandy111 2 ай бұрын

In the US, if you try to sell a bond before it has matured, the selling price could end up being lower based on finding a buyer and what they're willing to pay.

@Kompressorsf Ай бұрын

The office is NOT located in the SAMYAN Mitrtown Building as depicted in the video. It is located across the street on the 18th floor of the Chamchuri Square Building!

@kennethboehnen271 Жыл бұрын

Chris, I qualify for the pensioner visa, but I'm curious if it's based on gross or net income. Any word on that?

@martypoll Жыл бұрын

I applied earlier this month. I believe it is your gross income. You send them your taxes return to verify your income.

@worldnomaderic Жыл бұрын

Gross income reported on your 1040

@ChrisBird1 Жыл бұрын

$80k a year pension ..wow..lucky man, enjoy.

@martypoll Жыл бұрын

@@ChrisBird1 Thanks to a 30 year engineering career. I recognize that pensions like this are rare now but less so for current retirees.

@Resmith18SR Жыл бұрын

I'm wondering if all the women from neighboring Cambodia and Laos who immigrate and work in all the bars and clubs in Bangkok and Pattaya have to meet these same financial requirements?

@marcanthonyskidmore4131 Жыл бұрын

No. People from certain ASEAN countries can work normally like Thais. No extra documents needed. Laos , Cambodia , Myanmar and Malaysia all can work freely without any extra requirements for salary , education etc.

@alcels2896 4 ай бұрын

It changed. If those women work without work permit or proper visa, if they get caught, they will be whacked regardless their nationalities @@marcanthonyskidmore4131

@verticalift Жыл бұрын

10 yr visa has been in place for over the past 4yrs. I was issued a 10yr O-X Retirement Visa in October 2019 while “Resident” in Abu Dhabi. It’s no big deal.

@t.q.6639 Жыл бұрын

Did you have to do 90 days check in living in Thailand, and keep 3 million baht in a Thai bank for O-X visa?

@verticalift Жыл бұрын

@@t.q.6639 Yes. The 90day Ck is a requirement, as it is for all “legal/legit” visas, issued only by Thai Embassies and Consulates. Also note, you do not want to keep any more that 1MTB with any one (1) particular bank, ie SCB, UOB, etc. If you have 3MTB, you would be well advised to have accounts with three (3) separate banks, ie SCB, UOB and Bangkok Bank. The Thai “Deposit Protection Agency” (DPA) now only insures cash deposits up to a maximum of 1MTB. Five (5) years ago the DPA covered up to 10MTB. If you have 3MTB on deposit with a particular Bank and the bank fails….. they will only cover/insure 1MTB….. and you’ll loose 2MTB.

@t.q.6639 Жыл бұрын

@@verticalift Didn’t know that. Now I do. 1MTB is very little!

@verticalift Жыл бұрын

@@t.q.6639 Doesn’t instill much confidence in the countries Banking System. Immigration in Phuket didn’t know about it either until they asked me why I have accounts with four (4) separate banks. I showed them them paperwork I received from UOB re the DPA new limits. Tried to copy and paste here for you, but can’t. Send me your email and I can forward DPA notice.

@t.q.6639 Жыл бұрын

@@verticalift I can look it up. Thank you.

@abela.8136 Жыл бұрын

waiting for that video !!!

@mapleleafdavid Жыл бұрын

I don't think I would feel comfortable having assets invested in Thailand. I'll have to stick the regular retirement visa. Nice options for those who choose to do them though.

@dennythedavinchi3832 Жыл бұрын

This is not good option for even millionaire's stand point.

@winnerwinnerchickendinner8809 Жыл бұрын

Not anymore than in US banks or any collective west's banks now a day

@geezer4444 Жыл бұрын

People making big money would not care to put their income locked up in thai banks

@RetiredWorkingForYou Жыл бұрын

no, but many of them would lock it up in a thai villa or condo.

@dancingruth 14 күн бұрын

@@RetiredWorkingForYou not until they’re 100% certain Thailand is for them. With the continual changes in laws, that may take awhile for some of us.

@Indoor-Cyling-Revolution Жыл бұрын

Just out of curiosity, if I purchase the tie bonds from my broker here in the US, and submit the paperwork showing that I own them, does that qualify? Or do you sponsor to be purchased directly from the Thai government?

@sahpraphaphorn6240 Жыл бұрын

3 year visa for India only 80 dollar. Its a beautiful country with beautiful and friendly people.

@kennethboehnen271 Жыл бұрын

Chris, I have a few questions: 1. Is the 80k USD based on gross or net income? 2. I wonder if the 89k is subject to increases based in inflation? 3. Once your online LTV is reviewed, how long would I have before I must meet in person with a Thai govt visa official? Thanks!

@lezzeppelin2222 Жыл бұрын

You must meet to military dictatorship in Thailand they love to see westerner expats stoop and licking boots to them.

@kippsguitar6539 Жыл бұрын

80000????? Didn't he say it was cheap In Thailand? I never speak half.of that I the UK , in Spain a fraction of that

@BarnabyBarry Жыл бұрын

Gross income and you have the option to pick it up in BKK or the Thai Consulate (where you live or where you noted on the application) either evisa or in person pick it up at the Thai Consulate.

@Bestplay3 Жыл бұрын

You have 60 days after your application is approved to either pick it up in Thailand or get it through an embassy overseas.

@BarnabyBarry Жыл бұрын

Yes 60 days after you receive the official notification of endorsement qualification.

@SmokeDef Жыл бұрын

Thanks for the informative video, Chris. I think an income of 80k per year is still a bit much, I guess we're talking after taxes here. In my country I'd have to make over 180k per year to come close to the required amount since the government slaps a whooping 55% income tax on incomes over 90k per year. If I got it wrong and it's 80k before taxes it would still put me in the 48% tax bracket which isn't really much better. I need to get out of here! I got a plethora of digital skills, anybody out there offering a remote job for at least 7000 per month? 😅

@150pointcharacter Жыл бұрын

Change your tax residency. Look into Georgia or Armenia. 1% tax. Start your online business, plenty of ways to make this money online. It won’t be fast, but if you are determined in 1 year you can achieve it. The problem is you still won’t be able to get this LTR visa since you are getting your income from multiple clients as a self-employed.

@armunro Жыл бұрын

I have to say this is still a high barrier for many. Unless you are American or Canadian; both of which are the highest income countries.

@dennythedavinchi3832 Жыл бұрын

Just buy Elite VISA which is cheaper option for you. Not cheap in one time fee but no requirements to show them what's your income.

@LAOTHAIASEANINFINANCETRAVEL Жыл бұрын

You had me at Tim Hortons- I love those timbits and cappuccino! BUT I saw the qualifications for a wealthy global citizen- I hope you have a good day! 😂

@t.q.6639 Жыл бұрын

Thank you so much Chris for this video. We’re going to apply! Your video helped to clarify the “pension” so we do know we qualify. Prior to your video, we were unsure. Thanks again. 👍

@bobfork6799 Жыл бұрын

*Do I also qualify if I will smoke 5 kg Cannabis a year?* 🤔😎🌴🌴

@RetiredWorkingForYou Жыл бұрын

now that's a good investment!

@EndlessTravels Жыл бұрын

The Twitter example didn't age well even after a few days I love the "Twitter said he can work from any where in the world" As Elon just removed just about all their remote workers saying he doesn't want them out of range of Twitter HQ or offices in the US

@timallison8560 Жыл бұрын

in the states this would apply to roughly 1.5% of americans, i don't see thailand with 200,000 of these visas, even considering a global effort. thailand will be lucky to get within 10% of their goal.