Answered8 years ago
Do both partners need to meet the financial requirements for retirement visas in Thailand, or can one rely on the other?
Hi.. Some friends (a married couple) from Denmark is going to move to Thailand for retirement. They are both over 50.
Do they both each have to meet the financial requirements for extension in Thailand, can they use a shared account, or can one of them get a extension dependent on the others extension?
Do they both each have to meet the financial requirements for extension in Thailand, can they use a shared account, or can one of them get a extension dependent on the others extension?
Answer summary
A married couple from Denmark moving to Thailand for retirement inquires about the financial requirements for visa extensions. It is discussed that one partner can apply for a Non-O visa based on being over 50, and if one partner meets the required financial conditions, the other can extend their stay as a dependent. However, it is suggested that both should ideally apply for their own Non-O extensions to avoid complications if one partner's status changes. Additionally, there are discussions on the option of having a shared bank account and the implications it has on their visa applications.
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Tod *********
If they're married Only ONE person needs to meet the financial requirements and the other one will piggy-back on their extension.
Ron ******************
I think it is safer to have both on a Non O extension based on retirement rather than one on a dependant. If something should happen to the person with the extension based on retirement the other person must leave the country. If they can afford it do 2 Non O extensions based on retirement.
Phil *******
@Ron *****************
Even safer then is the VIP luxury visa for 5 years, whatever they call it.For who can afford it (2 x 500k, I guess)
Terary **********
Maybe? transfer all funds to a single account holder. They get the "O" visa, the other gets an METV. Then transfer the funds to the other account holder and get the other "O"?? Not sure that would work -or what happens with renew extension.
Phil *******
I have a retirement extension. My wife is a dependent (She is not 50). I showed 800k on my account. That was good. As Robert said.
Terary **********
I don't really know about the O visa. I would defer to Robert However, the financial requirement is 800K or 60K month, or a combination of both. There is probably wiggle room if applying for single retirement + dependent is not feasible - but Robert says it is and I simple do not know.
Mikkel *******
OPI think if they had to, they would not have a problem meeting the financial requirements individually.. But if they can avoid transferring 2x 800.000 to Thailand I think they would prefer that.. And as I understand from Robert Lagas answers, that is possible with the dependent extension based on extension based on over 50.
Robert *******
They can apply at the same time.
Terary **********
@Robert ******
Can they do the 'dependent' visa before they have the 'O' visa?Robert *******
The Non Immigrant O based on dependent on your parter with the Non Immirant O visa based on being over 50 years has no financial requirements.
Terary **********
I made the suggestion supposing there is not enough funds to qualify for two "O" visas. The METV being the best alternative. It may not have been the best suggestion
Robert *******
Why would you go that way, with the METV it will be every 60 days a border run. The other one can get the Non Immigrant O based on dependent of the other person and has the same Admitted to stay periods in Thailand.
Mikkel *******
OPGreat.. thank you :)
Robert *******
One can apply (if the person already has the Non Immigrant O visa) for the Extension of Stay based on being over 50 years. If the bank account is shared than Immigration will half the total amount,
*****
basis. The other can apply for depending.Activity
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