Escape to Thailand Update November 01 2024

We don't have the tax accounting link yet. It'll be included in the next EtoT update. Thanks or your patience.

Cabinet Grants Citizenship to 483,000 Long-Term Residents

The Cabinet has approved citizenship for 483,000 long-term migrants and children born in Thailand, with the policy set to take effect within 60 days. The decision, announced on October 29, is expected to support multiple sectors by formally recognizing individuals who have resided in Thailand for years.

The affected groups include around 120,000 individuals who arrived between 1984 and 1999, approximately 215,000 between 2005 and 2011, 29,000 children born to ethnic minorities, and 113,000 children born to individuals without legal status, totaling 483,000 people.

The spokesperson outlined that reviewing applications individually for this large group could take up to 44 years, prompting the Cabinet to streamline procedures.

Full Story: https://thainews.prd.go.th/nbtworld/news/view/660048/?bid=1

Analysts Predict Baht Decline if Trump Wins US Presidency

Thailand's baht is expected to depreciate further amid continuing capital outflows leading up to the US presidential election.

K-Research's head of research for banking and financial sectors, explained that outflows from Thailand's stock and bond markets are occurring, bolstered by the dollar's strength due to rising US bond yields. The US Federal Reserve has indicated a gradual interest rate cut, further supporting the dollar.

Full Story: https://aseannow.com/topic/1341734-analysts-predict-baht-decline-if-trump-wins-us-presidency/

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A link to Immigration's online system for 90 day address reporting.

The new system is available under the Online Services section (https://www.immigration.go.th/en/#serviceonline) of the Immigration Bureau’s website, and by selecting TM47, which is the official name of the form used for 90 day reporting. We have a member site posting on fulfilling the necessary steps to get it accepted titled, Using the 2022 Immigration 90 Day Reporting Website