Income requirements for Retirement Visa

Any Visa Agent will be able to answer your question.. this is probably not the right place to ask..

    Isn't there a certian amount of monthly income that is required and replaces the need to have ฿800K in the bank to get a retirement visa?        -@wozzlegummich

Apparently, yes, there is an alternative to putting 800K baht straight up into a bank.

Take a look, here (Link)

Should you find that the information found in that link is in error, we would certainly appreciate hearing back from you on it.

Best of luck.

@wozzlegummich

Yes there is. 65000 THB per month. But you can NOT work in Thailand with a retirement visa so that income should be generated from other sources i.e working remotely or return from rental or other investments income etc...

@Aidan in HCMC

Are you advertising your services on here? Not sure if that's allowed...

@brucejomms

Also anyone who can google can find that information WITHOUT paying an agent...

The OA Visa ”Multiple Entry”  Retirement allows you to keep funds in your own bank your own country.  If you dont check multple entry on your application you will have to go down to immigration and pay for and get a re-entry permit. if you fail to do this and leave thailand to visit another country and try to re-Enter you void your OA Visa and it turns into  15 Transit Visa or 30 Day Tourist Visa. Also, you have to by only approved Thai Medical Insurance based on the thailand embassy visa website in your country.  You have to report to immigration every 90 days. Alternatively, if you go to your country Thai Embassy web site under OA Visa they have a   thai medical certificate form your insurance has to sign and stamp which will be excepted, if your medical insurance company  will sign it. Note: This visa is an Annual retirement visa. At the end of the year before it expires you can leave and come back in Thailand and they will stamp it for another year. However, they will verify you still have insurance. Remember the OA visa can only be applied for in your home country based on the Thai Embassy closest to your home residence. Please read tge guidance on your Thai Embassy website for OA Visa. It real simple since everything is E-Visa. Just upload support documents needed and in 15 days you will get E-Visa via email.

Another Visa is the LTR-P which is good for 10 years with immigration reporting once per year and includes multiple entry. This is also an E-Visa. You basically have to prove you have made $8K usd per mo th for the past 2 years or $4K usd and some investment in Thailand bond. Check the website for guidance or google Long Term Residency Visa for wealthy pensioners.

All other retirement visas you need to keep 800K baht in a Thai Bank Account under your name only. It can not be a joint account. If you want to name a beneficary good luck. Hire a Thai Laywer. Also, any funds you wire i to Thailand keep that wire confirmation for as long as you keep the money in the bank. If you try to wire it out back to your home country they want you to prove where it came from. If you buy and sell a condo same thing. Also keep records of who you sold it to and there passport information, all cost of improvelements, sales contract,  purchase ccontract, etc… or theY will not release your money. I personally woukd only rent based on ny bad experience buying a condo. Just remember your a visitor and they can change immigration law to make it harder for yo To stay the older you get. Always have a fall back plan to your home country regardless of how it looks a d feels today. Things always change.

Good Luck. The OA and LTR-P is very easy to do online. again, seek guidance from the website of the nearest Thai Embassy or Consulate to your home residence.

O Retirement Visas are done in Thailand. You dont need to show proof of insurance yet - this may change soon. Most people arrive in Thailand om a 90 day tourist visa they get from their home country. Then once they land they go to a Visa Service Agency to helps them obtain a O Visa 1 year retirement. They help you open a Thai Bank account which is needed for your O Visa. So, when you 90 Tourist Visa expires you roll into the 1 year O Visa for retirement. However, you will need 800K baht put into the bank for one year then you can opt to take out the 800K baht and put in or transfer in from your home country 65,000 baht per month. You have to report every 90 day to immigration. The cost most agents charge is $400 to $1,200 USD. Also, some agents Act as fixers… meaning if you dont have the 800K baht they will make it happen for you so you get the O Visa. However, the risk if caught would be black listed from Thailand. I have ran into many forigners who are using fixers.

Disclaimer: The above is just my personal experience with Tourist, OA, and LTR Visas and general observation of being on the ground living in Thailand. I do not claim to be a visa agent or specialist. I also,  recommend following the guidelines established by Immigration and for LTR - Business Officr of Investment (BOI).

    @Aidan in HCMCAre you advertising your services on here?

No.

Had you taken the time to click on the hyperlink you wouldn't have asked such a question.

Not sure if that's allowed...        -@Guy Dolev

It's okay to be unsure, you're new here. Allow me to explain.

Commercial advertising/promoting on any of expat.com's forums is most definitely not "allowed here", though it most certainly is permitted here.

BTW, an income of 65K Baht/month is not mandatory, in lieu of placing 800K baht on deposit in a bank. As I understand it, a combination of deposited cash, and a monthly income totalling (or exceeding) 800K per annum  also qualifies an applicant.

I encourage you to click the link to learn more.

@Aidan in HCMC

Thanks for the clarification. Yes you're right. Any combination of deposit/income that will accumulate to 800k would do.

    @Aidan in HCMC
Thanks for the clarification. Yes you're right. Any combination of deposit/income that will accumulate to 800k would do.
   

    -@Guy Dolev

Unless you're staying in a province out in the sticks in for example Isaan,where the combination method isn't accepted. A guy I knew told me. He stayed up there for a while. I can't remember which province.

    The OA Visa ”Multiple Entry”  Retirement allows you to keep funds in your own bank your own country.  If you dont check multple entry on your application you will have to go down to immigration and pay for and get a re-entry permit. if you fail to do this and leave thailand to visit another country and try to re-Enter you void your OA Visa and it turns into  15 Transit Visa or 30 Day Tourist Visa. Also, you have to by only approved Thai Medical Insurance based on the thailand embassy visa website in your country.  You have to report to immigration every 90 days. Alternatively, if you go to your country Thai Embassy web site under OA Visa they have a   thai medical certificate form your insurance has to sign and stamp which will be excepted, if your medical insurance company  will sign it. Note: This visa is an Annual retirement visa. At the end of the year before it expires you can leave and come back in Thailand and they will stamp it for another year. However, they will verify you still have insurance. Remember the OA visa can only be applied for in your home country based on the Thai Embassy closest to your home residence. Please read tge guidance on your Thai Embassy website for OA Visa. It real simple since everything is E-Visa. Just upload support documents needed and in 15 days you will get E-Visa via email. Another Visa is the LTR-P which is good for 10 years with immigration reporting once per year and includes multiple entry. This is also an E-Visa. You basically have to prove you have made $8K usd per mo th for the past 2 years or $4K usd and some investment in Thailand bond. Check the website for guidance or google Long Term Residency Visa for wealthy pensioners. All other retirement visas you need to keep 800K baht in a Thai Bank Account under your name only. It can not be a joint account. If you want to name a beneficary good luck. Hire a Thai Laywer. Also, any funds you wire i to Thailand keep that wire confirmation for as long as you keep the money in the bank. If you try to wire it out back to your home country they want you to prove where it came from. If you buy and sell a condo same thing. Also keep records of who you sold it to and there passport information, all cost of improvelements, sales contract,  purchase ccontract, etc… or theY will not release your money. I personally woukd only rent based on ny bad experience buying a condo. Just remember your a visitor and they can change immigration law to make it harder for yo To stay the older you get. Always have a fall back plan to your home country regardless of how it looks a d feels today. Things always change. Good Luck. The OA and LTR-P is very easy to do online. again, seek guidance from the website of the nearest Thai Embassy or Consulate to your home residence. O Retirement Visas are done in Thailand. You dont need to show proof of insurance yet - this may change soon. Most people arrive in Thailand om a 90 day tourist visa they get from their home country. Then once they land they go to a Visa Service Agency to helps them obtain a O Visa 1 year retirement. They help you open a Thai Bank account which is needed for your O Visa. So, when you 90 Tourist Visa expires you roll into the 1 year O Visa for retirement. However, you will need 800K baht put into the bank for one year then you can opt to take out the 800K baht and put in or transfer in from your home country 65,000 baht per month. You have to report every 90 day to immigration. The cost most agents charge is $400 to $1,200 USD. Also, some agents Act as fixers… meaning if you dont have the 800K baht they will make it happen for you so you get the O Visa. However, the risk if caught would be black listed from Thailand. I have ran into many forigners who are using fixers. Disclaimer: The above is just my personal experience with Tourist, OA, and LTR Visas and general observation of being on the ground living in Thailand. I do not claim to be a visa agent or specialist. I also,  recommend following the guidelines established by Immigration and for LTR - Business Officr of Investment (BOI).         -@Travelerusa

A very long explanation about the O-A where a lot was incorrect.

For example:

Having the money in a bank back home just works the first year. If extending the stay another year,it works exactly same as an O visa, except for the health insurance.

This part is incorrect:

"At the end of the year before it expires you can leave and come back in Thailand and they will stamp it for another year."

It's gone since I think around 2019-2020. The expiring date is the same as the date the mandatory health insurance expires.

The only way to kill an O-A is to leave and return when the insurance expires.

You may be corrrect. I never tried  extending my OA for another year past 2019. I departed before my  extention when covid happened. But yes,  it was as I stated before covid and the insurance requirement for the OA. So, it was not incorrect at that time. I switched over to the LTR-P. So, you may be correct if this is your personal experience after 2019.  I only share my personal experience which is factual at that time.

    You may be corrrect. I never tried  extending my OA for another year past 2019. I departed before my  extention when covid happened. But yes,  it was as I stated before covid and the insurance requirement for the OA. So, it was not incorrect at that time. I switched over to the LTR-P. So, you may be correct if this is your personal experience after 2019.  I only share my personal experience which is factual at that time.         -@Travelerusa

I'm 100% correct because I'm living in Thailand,and have been here many years. Why argue about stuff you know nothing about? It's the end of 2023,not 2019.

@Travelerusa

One thing that you must always keep in mind re: Thailand -- something that happened for you today may not happen for anyone else on the same day no matter where they are in the Kingdom -- and it may not even happen for you tomorrow or days down the road.

If you keep that in mind, you will never be disappointed and remain calm enough to learn the work-around.

I've been practicing that for 15 years.