Transcript of the above video:

As the title of this video suggests, we are discussing the notion of property ownership counting if you will for Immigration. What are we talking about here?

Well in years past and you can read about this in like old forums regarding Thai Immigration matters about Condo ownership in and of itself being acceptable for issuance of a Visa, specifically an O Visa. In the past you would see this somewhat frequently. That practice fell by the wayside and quite frankly, as at the time of this video, it is not currently the habit of Thai Immigration to authorize issuance of an O Visa simply because a foreign national has a Condo in Thailand. That in and of itself might not, in fact I would say probably won't, again everything is circumstantially dependent but it probably isn't going to be enough to get you over the hump; basically saying "hey, I have a condo in Thailand, I want to live here" and they will say "well why?" I mean that is kind of what their response is back to you. 

That said, can property be used in an Immigration context? Well it depends on the context. For example, we have gotten into discussions, I have been doing videos on this where they are creating new requirements associated with insurance here in Thailand especially for retirees and this whole notion of being able to "self insure" in Thailand. A recent article from the Pattaya Mail, that is pattayamail.com, the article is titled: Long stay retirees in Thailand to be allowed to self-insure. There was a tiny excerpt in here. I urge folks who are watching this to go read that article but they said: "They will be required to show at least 3 million Baht of assets which can include cash in a Thai or Foreign bank, ownership of property or similar funds." This seems to be part of the framework. Again, we really are not going to know exactly how this is going to work until the 4th quarter of 2022 because at that point the rubber is going to hit the road with respect to adjudication of matters pertaining to this new insurance requirement starting for retirees in October, specifically O-A Retirement Visa holders. So that is not going to begin until October of 2022 so keep that in mind but it does look like possibly, property here in Thailand could be used when adjudicating things like the insurance requirement or the "self-insurance" function of the insurance requirement.

However, the thing to take away from this I think is it is still not usable to prove up for example in a retirement context the 800,000 Baht financial requirement or the 65,000 Baht per month in income. Those income and financial requirements still are what they are but property may be used in an adjudication of whether or not somebody can pay or can self-insure for medical bills accrued here in Thailand.