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Answered4 years ago

Can dividends be counted towards the 65,000 baht monthly income requirement for a Thai retirement visa?

Brandon *****
asked Sep 13, 2022
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Hi all! πŸ™‚

Can anyone please tell me if income from dividends can be consider in the 65K baht monthly income in the request for the O / O-A retirement Visa? I'm from Canada and a good part of my income comes from dividend paying stocks.

Many thanks for your helps πŸ™
Answer summary
The inquiry revolves around whether income from dividends can be included in the verification of the 65,000 baht monthly income needed for the Thai O/A retirement visa. Responses emphasize checking with the Canadian embassy for income certification. It is also noted that the income must not be averaged, meaning it should consistently meet or exceed the minimum required. While most embassies handle pension verifications easily, they may be less cooperative with non-fixed incomes like dividends. Detailed discussions also cover various aspects of the O/A visa, like its two-year validity, re-entry permits, and limitations regarding changing visa types within Thailand.
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Henrik ****
Henrik ****
Any income that can be documented should be fine. Either documented by a) the affidavit method where your Embassy certifies your monthly income (most embassies won't do this), or b) the legalization method where your Embassy legalizes documentation of income from the sources of income (however some Immigrations won't accept this method).
Brandon *****
Brandon *****
OP
@Henrik ***
Thanks for your help!
Peter *********
Peter *********
No
Steve ********
Steve ********
If you go for the OA visa, you can get almost two years in Thailand without the need to transfer money or show income. The OA visa is great for those who intend visiting their home country every couple of years. The bonus is you can get two years out of it, and never ever have to visit an immigration office
Brandon *****
Brandon *****
OP
@Steve *******
with the OA Visa, can I travel back and forth? Or do I have to spend a full year in Thailand? πŸ™‚
Steve ********
Steve ********
@Brandon ****
Travel as much as you like. Each time you enter Thailand during the 12 months validity of the visa, you get stamped in for a further twelve months. Just remember to update your insurance so the dates are covered
Bobby ********
Bobby ********
@Philip ****
You cannot convert from OA to O inside Thailand. You would need to leave (without a re-entry permit so that the "second year" stamp would lapse) and either apply for an O visa in another country OR re-enter on a tourism visa and apply in country for the O visa. Alternatively, in the last 30 days of the OA "second year" you can apply for a 12 month extension at an immigration office.
Philip *****
Philip *****
@Bobby *******
quick question, so during the β€˜second year’ where your first OA visa has expired, can you apply for an O visa so that you can continue to stay over to the 3rd year?
Brandon *****
Brandon *****
OP
@Bobby *******
@Steve *******
Awesome! thanks for all the detailed explanations πŸ™
Steve ********
Steve ********
@Brandon ****
Explained in super detail by
@Bo***
Howard. The other other detail is to ensure when you do the border bounce at day 364 (for example) you have insurance which covers you for the full year.
Bobby ********
Bobby ********
@Brandon ****
There are a number of different "retirement" visas. The OA is a multi-entry visa with a 12-month validity. During that 12 months you can leave and enter as many times as you like (hence the multi-entry label). You do NOT need a re-entry permit for any entries within the 12 month validity. You carry out a border bounce when you are a few days off the expiry date of the visa, and upon re-entry you are stamped in for a further 12 months. Your visa has now expired, but you can remain in Thailand up until the expiry date of the entry stamp. During this period you are also free to leave and re-enter as many times as you like. HOWEVER, during this "second year" you WILL need a re-entry permit each time you enter. You can get a multi entry permit which will be dated up until the expiry of your entry stamp. A single re-entry permit will cost 1000 baht, a multi-entry is 3800 baht, so you calculate how many times you will be leaving/re-entering during that 12 month period to calculate your best value for money
Brandon *****
Brandon *****
OP
@John *********
can you please tell me if this statement is correct? "The retirement visa also does not allow you to leave and re-enter the country. If you plan to travel, even just to visit home, anytime in your first year of residence, you will need to apply for a re-entry permit" ? Here's a link :
***********************************************************
John **********
John **********
@Brandon ****
the 2nd year you'll need to get a re-entry permit
Brandon *****
Brandon *****
OP
@Steve *******
awesome! thanks for the info πŸ™‚
Bobby ********
Bobby ********
Canadians must use the income affidavit method to illustrate monthly income. As
@Brandon ***********
has indicated above, it all depends whether your embassy would be willing to verify that you have a minimum monthly income of 65,000 baht. They have no problem doing this for the fixed pensions (I have a Canadian neighbour who I assist with his annual extensions). Check with your embassy and please do report back here on the outcome as this may assist others.
Brandon *****
Brandon *****
OP
Thank you so much!πŸ€—
Will ************
Will ************
Rremember you cant average the monthly income. 65k baht is a minimum amount each month
Brandon *****
Brandon *****
OP
@Will ***********
I see, thanks for your help πŸ™‚
Brandon ************
Brandon ************
You'd need to check with the Canadian embassy in Bangkok as they are the ones who need to certify your income. Though you may get an answer from other Canadians in this group who have gone through this already.
Brandon *****
Brandon *****
OP
@Brandon ***********
Thanks for the answer πŸ™‚

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