Can a monthly pension income of 790,400 THB qualify for a retirement visa in Thailand instead of an 800,000 THB bank deposit?

Retirement Visa Thai Visa Rules Pension Income Bank Deposit Requirements Immigration Visa Extension Affidavit of Income

Oct 29, 2024

23 days ago

ORIGINAL POSTER

Greetings All,

Is it possible for someone to qualify for a retirement visa based on a monthly pension income of 790400 THB in lieu of an 800000 THB deposit to a Thai bank account?

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TLDR : Answer Summary

To qualify for a Thai retirement visa, one must typically show proof of an 800,000 THB deposit in a Thai bank account. However, if you have a monthly pension income of 790,400 THB, there are discussions about possibly qualifying based on income. The key points include that certain embassies may not certify income, which could limit your options to the required bank deposit. Additionally, some users suggest that maintaining a pension of around 68,000 THB monthly would be safer to account for fluctuating exchange rates. Ultimately, an initial deposit of 800,000 THB is necessary for the first year, followed by proof of consistent monthly income for future extensions.

NON-O RETIREMENT VISA RESOURCES / SERVICES

Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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Aake **********

For me, as a Swede, a certificate from the embassy showing that I have an income of more than

*****

baht a month is enough

21 days ago

John **********

Simple answer is no. As you are American the only way to officially qualify for a retirement visa inside Thailand is by putting 800k in a Thai bank.

22 days ago

Ralph *******

He means

*****

baht.

23 days ago

John *********

@Ralph ******

yes, more likely.

23 days ago

Reply to

John *********

Steve *********

Yes try these people. Sorted in 1 week

23 days ago

Greg ***********

@James *******

“Is it possible for someone to qualify for a retirement visa based on a monthly pension income of

*****

0 THB”

*** you got a monthly income/pension of 790,400.- THB which equals 26,201 U.S. Dollar ??

WOW!

Well that’s more than enuff to do the financial proof by the income method.

However it depends if the embassy of your passport country will issue an “affidavit of income” for the Thai Immigration. Some embassies have discontinued issuing such.

Which would leave you to no other alternative than having to prove a deposit of a minimum of 800,000.- THB in a Thai bank account in your sole name, for the first year of a “1-year Extension of Stay Permit based on Retirement”

23 days ago

Jan ******************

You’ll need minimum 800K baht for the initial Non O visa and your first year extension of stay. For your future extensions you can qualify by showing proof of twelve months consecutive transfers of min 65K baht a month.

*****

0 baht divided by twelve gives you 65 866 baht a month which is sufficient.

23 days ago

Greg ***********

@Jan *****************

based on a U.S. Dollar pension, 65.866.- THB is NOT sufficient, because you run into the risk of going UNDER it, by simple exchange rate fluctuations. The income should include a minimum of 5-10% buffer, so only something starting at 68,000 THB would deem safe

23 days ago

Jan ******************

@Greg **********

Ok, he might need to recirculate some baht each month then.😉

23 days ago

Reply to

Jan ******************

Will ************

Only if your Embassy certifies income. The US Embassy does not. Best solution is to apply for the initial Non-o in the US , upon arriving in Thailand immediately open a bank account and deposit a minimum of 800k baht ,after its been in there for 2 months apply for your 1 year extension. At the same time deposit a further 65k every month for a minimum of 12 consecutive months prior to applying for your second extension and keep that up forever. Whilst this is in progress your bank account must not drop below 800k for a minimum of 3 months when your first extension is granted and cannot drop below 400k until you apply for your second extension.

23 days ago

Aake **********

@Will ***********

If 800k has already been deposited, then no more deposit is needed

21 days ago

Reply to

Aake **********

Michael ***********

709,000 or 79,000? If you make 709,000/month, it would be extremely easy to have way more than 800,000 baht value in a bank

23 days ago

Wally *****************************

@Michael **********

agree

22 days ago

Reply to

Wally *****************************

Stuart ***********

No, you will need to save up for 2 months and deposit 800,000 for the first year.

If you deposit the 709,000 each month for a year, the second year's extension can be based on your monthly income.

Aake **********

709 000 every month?

Stuart ***********

apologies, 790,400 baht per month is what they stated. It should be even easier then.

21 days ago

Reply to

Stuart ***********

Rod ********