Is it possible to get a dtv visa as a retiree with a monthly pension of 180,000 thb?
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TLDR : Answer Summary
The consensus is that a retiree with a monthly pension of 180,000 THB may not qualify for a DTV visa, as this visa does not have income requirements but instead has a bank balance requirement, specifically needing 500,000 THB in an account in the home country. Alternatives such as the NON-O visa for those over 50 or the LTR visa are available and may be easier options for retirees.
so go retirement visa, renew year by year, Enter visa waiver , apply within country, there an agent do a visa run for less than $200 plus cost of visa.
No need to leave the country.
And when you have 800k THB balance in the bank, you don't need the SSA statement.
Yeah that's pretty easy to do as a single person but if you throw a couple kids or a wife in there you're not really living large. Yeah you can get by on a hundred pretty easy as a single person. Just getting on over retirement visa and renew it every year checking every 90 days I think.
as long as you can prove that the account is in your name, for the DTV application the bank account can be anywhere, not need to be in your home country. And it needs to show a minimum of 500,000 THB equivalent in any currency. Some embassies want to see a seasoning of 3 months, some others want to see 6 months account balance statements, some others just want to see the money in the account on the day of application
as long as you can prove that the account is in your name, for the DTV application the bank account can be anywhere. And it needs to show a minimum of 500,000 THB equivalent in any currency. Some embassies want to see a seasoning of 3 months, some others want to see 6 months account balance statements, some others just want to see the money in the account on the day of application
for the 90-days Non-Imm-O Retirement visa it is 800,000 THB deposit minimum. For the DTV it is 500,000 THB or equivalent in another currency deposit minimum
that's right, you just have to show it in your bank account. However, some embassies want to see a seasoning of 3 months, some others want to see 6 months account balance statements
I’m simply stating the 180k baht per month pension comes up well short of LTR requirements.
The annual income requirement is $80k USD. Which is roughly 2.8M baht. (Or 233k per month). So he will definitely need more passive income than the pension to qualify for LTR
just passing information. I don’t know the person’s financial situation. My pension doesn’t equal $80K. But when my pension is coupled with my investments, I meet the LTR’s requirements.
actually if you are in Thailand for 180 days you become a tax resident. Depending when and how the money was earned, if remitted into Thailand it is subject to tax depending on yours country’s DTA with Thailand.
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Jim ********
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Brandon ************
Income is not relevant to DTV. There is no income requirement, there is a bank balance requirement.
John **********
No. At least not unless you qualify for one of the soft power options. But to be honest the Non-O visa based on being over 50 is easy and no need to leave the country
what do you mean by soft power options sir? I was thinking of learning some new Thai skills…asking because I’m curious about DTV but don’t have 500k…I try invest income mostly. It never sits still.