Can I maintain my retirement visa status while working outside Thailand every year?

May 23, 2024
7 months ago
Chris *********
ORIGINAL POSTER
My plan is I will live Thailand but will leave for work for a month every 5 months.

Can I put 800k in my Thai bank 3 months before I apply for the retirement visa. Apply for th o visa in the uk.

Then apply for the retirement visa in Thailand

Then the question is when I leave Thailand put the 800k in the Thai bank again and in month 11 on the retirement visa can I again apply for the 0 and do the same every yr.

I’m ask this as I will leave Thailand. Every yr around month 11 of the retirement visa.

This would only then cost me

£60 for the o visa from the uk then the retirement visa fee in Thailand.

Please advise
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TLDR : Answer Summary
The user plans to live in Thailand and work abroad for a month every five months. They inquire about depositing 800,000 baht in a Thai bank account before applying for a retirement visa (Non-O) from the UK, and then maintaining this status while periodically withdrawing and redepositing the funds. Responses clarify that they can apply for a one-year extension of stay after entering Thailand on a 90-day Non-O visa, emphasizing the need for the funds to remain in the account during specified periods. Additionally, comments discuss the visa application terminology and considerations for managing funds, tax implications, and legal matters such as wills in Thailand.
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Andrew *******
Moving forward if you put 800k in a bank for the visa and then take it out then you may need to pay tax on that each year, if you just leave it in the account you won't need to, or you can pay an agent extra to 'show' the 800k each year, but again you may become liable for some tax doing it that way too
Radost **************************
@Andrew ******
you don't have to pay any tax
Andrew *******
@Radost *************************
since January 2024 anyone visiting and staying in Thailand for more than 180 days, one trip or many is liable for tax on funds they bring in to Thailand including credit card purchases and at the end of each year you will get a tax form to complete, as I understand things not all questions in regards to what exactly is taxed have been answered such as will you pay tax on the 800k is one, and another is will you pay tax on money you bring over to buy a property or new car/bike, I do not know when these questions will have answers, but I can say not knowing is putting some off moving to a Thailand and causing others to consider moving out, overall the feeling in regards to new tax situation is confused
Radost **************************
@Andrew ******
nothing will happen, no tax have to be payed. Tens of millions Thais do not pay tax bc the tax office don't have a clue about earnings or where the Thais living. There is zero chance Thai tax office will have any information what anyone earn or doesn't earns. Pension is no earnings, rental income is no earning. You do not have any knowledge about Thailand if you would have you would know that people who get pension don't pay tax in Thailand also on rental income is no tax to pay. If people have to pay they would have to get rights in this country what Thailand wants to avoid. No one can track income outside Thailand if the people are not Thais. You don't need to have income to live in Thailand you need only the 800.000 in bank or the monthly transfer of 65.000.

Don't spread misinformation, just shut up
Nigel ********
Go to a lawyer in thailand and get a will drawn up in Thai & English about 7000tbh
Janin ******
There is no retirement visa. It’s O or OA non immigrant based on retirement. O.A. can alone in your own country. O can also in Thailand . Both you need money in the bank prior 3 months before and 2 months after…and if 800.000 can not lesser during the year as 400.000
Greg ***********
@Janin *****
for a Non-O/A the money doesn't need to be in a Thai bank account. For the application to the 90-days Non-O or 365-days O/A visa, the money can be on ANY bank account in ANY country. However for the application to the Extension out of a Non-Imm-O, the money needs to be in a Thai bank account
Janin ******
@Greg **********
I know, living here for so many years already
Greg ***********
@Janin *****
"Both you need money in the bank prior 3 months before and 2 months after" . .WRONG! Not less than 800.000.- THB two months before and three months after being issued the extension of stay. And never below 400.000 THB for the rest of the year, and then, again, not less than 800.000.- THB two months before application to the next Extension
Janin ******
@Greg **********
, with both I mean if they are not married. I switched the months before and after, that’s correct. About 400.000 I said the same.
Joseph *********
Is an income of
*****
/ month still an alternative to the
*****
0
Graham ******
@Joseph ********
For year two onwards yes, unless the Embassy still does the income affadavit
Joseph *********
@Graham *****
so a rule change
Steve *******
The Non Imm O is the 'retirement' visa, just apply for the 1 year extension every year.
Ken ********
@Steve ******
it's for marriage too
Steve *******
@Ken *******
Yep and having Thai dependents and volunteering
Graham ******
@Ken *******
Yes but the OP is talking about 800k so this post is regarding getting a retirement Visa and/or Extension of Stay
Dave **********
Do what I do! Just leave it in the bank and never touch it! Never think about it!
Chris *********
ORIGINAL POSTER
@Dave *********
I can but I have lot money tied up uk

I need cash flow
Graham ******
@Chris ********
Maybe the Non-OA Visa is better for you but it will require a return to the UK to re-apply every 2 years.
Peter *********
Thomas *******
@Dave *********
that's what I plan on doing. My question is, since it has to be in my name only, after I pass, hopefully not anytime soon, how do my people here access that money?
Greg ***********
@Thomas ******
check the website "samuiforsale dot com" they sell a template Thai Last Will. I got one, I wrote my intended Last Will it by myself, then had it translated into Thai, went to the Amphur with the beneficiary and two witnesses and had three copies signed and stamped on the Amphur
Graham ******
@Greg **********
Do you need to get the translation verified (by the MFA for example) as you have to do with documents for marriage etc.?
Greg ***********
@Graham *****
you need the Thai Last Will text translated by an acknowledged translator, to be sure the Thai text will be appropiate. You don't need any verification by the MfA. The local Amphur will verify it. They read it out aloud in your presence and the presence of the two witnesses and the beneficiary. Every person has to sign every page, and the Amphur headman will sign and stamp his seal onto every page.
Thomas *******
@Greg **********
thank you all for your answers. My SO is Lao so even if we got married it wouldn't carry much weight here in Thailand as I have been told.
Greg ***********
Greg ***********
@Thomas ******
any Thai Last Will that has been written according to the civil code 1642+, has legal standing in the court, regardless of the nationality of the beneficiary. Only the two witnesses must be Thai. And the "executor" should be a Thai in your case, as a Laotian citizen cannot. And it must get signed and stamped on a Thai Amphur. Best way, visit a Thai lawyer and have this form of Last Will set up (the lawyer will propose a simpler form where no witnesses are needed and where your handwriting would suffice, but I would in your case insist on the "larger" form, mainly because it is a more formal one)
Greg ***********
@Thomas ******
you need a Thai Last Will for these funds. Any Last Will you made up in your home country will not be accepted. And the heir will still have to await a court decision on the Thai Last Will. The heir cannot just visit the bank and present the Will. They should however visit the bank with the death certificate and have the account locked.
Graham ******
@Thomas ******
Ask at your local Amphur about setting up a Will to give your beneficiaries in Thailand access to your banked funds and any other assets you may have
Dave **********
@Thomas ******
haven’t done yet but will find a Thai lawyer and make a will for the wife to give her access after I have gone!
Phil ******
Dave Athertongreat idea. I've already given my wife access to my account in case something happens
Nigel **************
@Phil *****
yeah so have I. But I am there a lot of the time
Phil ******
@Nigel *************
where? In your home country?
Nigel **************
@Phil *****
petchabun
Phil ******
@Nigel *************
ok and you have ฿800k in a thai bank?
Nigel **************
@Phil *****
I will have. Lol. Not there just now. Will apply for Non O when I get back
Phil ******
@Nigel *************
you said phetchabun. So back in home country? So apply for the 3 month visa then complete here.
Nigel **************
@Phil *****
yep in Ireland at the moment. Will do it all in Petchabun as I haven't a clue how to do all the stuff here online. Don't even have a computer. Lol
Greg ***********
@Chris ********
It’s all about the terminology, folks!

You apply for a 90 days Non-imm-O retirement visa in the UK

You enter Thailand and will get stamped in for a 90-days stay permit.

The visa will expire upon entry!

From up to 30 days before the 90-days stay permit expires, you can apply for the “1-year extension of the stay permit”.

Thai Immigration calls it “visa extension” but this is just bad English. They don’t extend any non-existent visa, they just extend your stay permit.

At the day of your application to the 1-year Extension, they 800.000.- THB must have been sitting in your Thai bank account for 2 months, and you need to prove this with the “bank letter of guarantee” (in Thai: rab roong thanakan)

After being issued the one-year Retirement Extension, a minimum of 800.000.- THB must remain in your account for at least three months. After this, you could theoretically take money out but there must always be 400.000 THB left in the account.

And two months before your next application for a NEW (!) 1-year Extension of Stay Permit, a minimum of 800.000.- THB must be back in your account

You do not need to apply for a new 90-days Non-Imm-O Retirement visa. You just “renew” the yearly “Extension of Stay”

The moment when Immigration issues the Extension, ALWAYS buy a single re-entry permit for 1000.- THB for this one-year extended stay permit. Bring at least two passport pictures for this permit. Because if you exit Thailand during this one year, the re-entry permit keeps your stay permit alive, for one single re-entry

Should you plan to exit Thailand more often than three times in one year, then buy a multi re-entry permit for 3800.- THB. It allows you unlimited re-entries into Thailand
Peter *********
Just put
*****
0baht in thai bank and come on 30 day exempt and apply Thailand 🇹🇭 using an agent for a non o retirement visa multi entry easy mate 👍
Aake **********
@Peter ********
false no nead of a agent se
@Graham *****
Max **********
@Aake *********
And Graham Seal just gave incorrect advice.
Graham ******
@Max *********
What was wrong and why didn't you correct me then?
Jan ******************
@Max *********
@Graham *****
Gave a totally correct answer and it’s recommended to apply for the initial Non O at home proving income/funds with your bank at home before you leave. Then you’ll have no problems with opening a bank account in Thailand and bank the required 800K baht within a month for your extension of stay.
Phil ******
@Aake *********
does Graham help with this?
Aake **********
Graham ******
If you get your Non-O in the UK you will be applying for the 12 month Extension of Stay in Thailand, not a Visa. You apply for a new Extension of Stay every year, no need for a new Non-O. All extensions in Thailand cost 1900B.
Chris *********
ORIGINAL POSTER
@Graham *****
all I mean is I will leave Thailand before the 12 months is up so instead of tie up 800k for 12 months

Can I

Do and o visa From the uk the apply for the visa extension in Thailand.

Then after 11 months leave Thailand and can I then apply from the uk for a new one visa and start the process again

Like this is would only cost me

£60 for the o visa and the 2000 baht for the extension in Thailand.

Any ideas I can do it this way.

I will always return to the uk
Graham ******
Yes, if you leave before your 12 month extension is up without a re-entry permit you can then apply for a new Non-O before returning. But why would you because it would be cheaper and easier to get a new extension before leaving and purchasing a re-entry permit?
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