Who needs a bank account in Thailand. My account in Aus allows me to make 5 overseas withdrawals a month and the Thailand ATM fee is refunded to my account in Australia. I also receive 5.5% interest with some conditions which I always meet. The exchange rate is as good as you can get, and your money received is instant. Usually, Bt20,000 max at a time is very convenient. I have never had a bank a/c in Thailand in 15 years. My retirement visas were obtained from the Thai Embassy in Canberra where you have to prove you have equal to Bt800,000 in a bank, and the surrender value of your super is accepted as money in the bank in Aus. No conditions are placed once you get to Thailand. You can just leave it in your Australian bank Account and use it as required from ATMs. That is my experience 2 times in the past. I now just visit Thailand visa-free for 2 months, and a 30-day extension for Bt1900 from Immigration at Blupoint (no e) Shopping Centre Hua Hin.
It really is good for 8 months as befor the end of each 60 days it is extended for 2 months, so can do that 3 times at the end of each 2 months which will be 8 months. TIT You also have to do a boarder run.
Go to to Thai Immigration at Blupoint Shopping Centre Hua Hin office basement level and be advised by the person giving out advice at the door, usually very helpful! Most tourist visas are for only 60 days, you have to apply to extend it by an extra 30 days at an Immigration Office where you need your passport, proof of where you live, from your hotel, Bt1900 and an application form and have a police interview., which is your 3-month visa or visa-exempt. No passport picture is required, they now copy your passport photo and details.
I am 83 Y/O and have very few pre-existing issues but no one will accept my insurance cover as I'm too old. I no longer ride a motorbike and have lived in Thailand on and off for 3 months at a time over 15 years. Earlier on a retirement visa but now will never exceed the 180 days to register as a tax resident of Thailand. I do own a house in Australia so yes, I come and go as I please $440 return Perth to BKK and return. If you are in Thailand for the girlie bars which seem to be the main attraction, bars and massage parlours will cost you. Without those bars, I often do have a few drinks and can enjoy cooking, I do live in a very comfortable residence in Hua Hin on my own in Thailand for Bt10,000 P/M and only spend Bt
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,000 a month on average, I don't have a regular girlfriend but you can get a "Rent-a-wife if you would like one or a real one if you prefer?" (there goes your reason for living? there goes your everything?) I actually earn double that with the AAP and some super which is well below the Centrelink threshold. I'm not a big spender. Thailand is still cheap if you live a modest lifestyle and seems with all its confusion will be so for a long time to come...Land of Smiles, (LOS.)
I had to get a medical to apply and obtain my motorbike driving licence a few years ago, so I went to a doctor in Cha-am and was told by the secretary that then it would cost Bt80, Well that was OK but I never saw the doctor and the doctor's secretary took my passport and wrote a totally Ok medical certificate in one minute and gave it to me, signed on behalf of a Doctor out back busy with patients (too busy to see me). Then to get my license I had to make a donation to the tester's gratitude fund to ensure the license was forthcoming. Without the donation, nothing would have happened...This Is Thailand. TIT. If going to the motor transport place it is best to take an English-speaking Thai girlfriend with you. "Where is a will there is a way"
I hope you are correct but so many people have had their fingers burnt. I'm not sure as you say if all of this has been tested in a Thai court. Looks dicey to me.
I have the capital in my Australian superannuation account savings, but the way my business or company would be structured mostly would not work. My advice is, it seems in time with your Thai partner, he or she, whatever your relationship is, 51% of that partnership. Thai partners could likely at some time finish up with the lot. You can do wonders if you own 51% of a business and be a Thai in Thailand. In common terms, this is usually called "A SCAM". It puts you at their mercy and with government endorsement. I have come to Thailand for extended holidays often, there are thousands of farang with 49% equity bar ownership, subsidising bars across Thailand with profits on a promise, where at some time will walk away from that business after subsidising out of their savings for a time and run that business to finish up with nothing...I wish them luck...Tuff, isn't it. Thousand do it, I know many people will come through OK but many will do their doe $0.00.