Do you have to have the 800,000 in the bank all year to get your renewal on your renewal date?
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TLDR : Answer Summary
To renew a Thai retirement visa, you must maintain a balance of 800,000 baht in the bank for at least two months prior to the application and three months after. Additionally, during the rest of the year, the balance cannot drop below 400,000 baht. Alternatively, after the first renewal, you may opt to show monthly income of at least 65,000 baht instead of maintaining the 800,000 baht in the bank.
NON-O RETIREMENT VISA RESOURCES / SERVICES
Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
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sorry you have difficulty coping. Nobody takes a guy seriously, who pouts and look like he's laying an egg on every photo. Hope you can learn to deal with simplified economic one day x
Google Thailand GDP(A). Google how many retirement visas are issued x 800k baht(B). A÷B = you answer. Never thought I'd have to teach a Facebook economist such basic economic.
Unfortunately it doesn't work like that. Firstly you dont need to keep the 800k in the bank and secondly the GDP has very little to do with banks "cash flow and liquidity"
Seems like you need to get some basic financial lessons yourself!
I’m still young and have money it doesn’t affect me but it’s not good or easy for older people to leave all that money in a bank and cannot use it they will probably die and all that money wasted
that's the trade off for retiring in paradise. Everyone has to make the choice. My choice was to forget the money and enjoy my retirement in paradise. Never regretted my decision. Just some times, money isn't everything young man.
Depends on the discretion of the office/r that you’re applying to. Almost certainly it won’t be approved as you haven’t fulfilled your requirements for the previous years visa.
What is/was your "visa" status then? Let's say you drop under 400k just 4 month after approval... wouldn't that automatically "revoke" your permission of stay on that day? If so you would be on overstay for 7 or 8 months already when you go for the next renewal, no?
yes. Once you don't meet the terms of your visa/extension it's no longer valid. Saying that I think it most likely that immigration just refuse an extension and he'll have to leave the country
I also think so, but if the IO has a very bad day he could pull the "overstay card"... and then you are in really big trouble. Is there any official rule to this...?🤔🙄
your in jeopardy of having your next extension refused, almost certain.
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Colin **********
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Stuart *********
The rules are two months prior to application, and three months after. Balance can’t below 400k for the rest of the year and back up to 800k two months prior to next application.
Not for an initial Non O application nor for the first year extension. After that you can switch to 12 months of 65k transfers from overseas. You need to keep to the rules of the previous years extension of 800k for 3 months after application and not below 400k for the rest of the year.
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Stuart *********
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John **********
2 months before applying, 3 months after and not below 400k rest of the year
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John **********
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