Does the O-X visa eliminate annual renewals or 90-day reporting for five years in Thailand?

This post has gone way off course, AND

@Michael *****

was muted as well. For everyone else, please make your own posts. Thanks!

From the Thai Embassy in Washington DC...

"Applicant must have a bank deposit of no less than 3 million bahts in Thailand or a bank deposit of no less than 1.8 million bahts and annual income of no less than 1.2 million bahts.

Such amount must be maintained in bank deposit in full for at least one year, and keep at no less than 1.5 million bahts thereafter."

4. A copy of bank statement (from Thailand financial institutes only) and a letter of guarantee from the bank with bank’s contact information showing a deposit of the amount equal to and not less than 3 Million Bahts,

Please note that such minimum amount must be maintained at least 1 year after receiving the visa or A copy of bank statement (from financial institutes located in Thailand only) and a letter of guarantee from the bank with bank’s contact information showing a deposit of the amount equal to and not less than 1.8 Million Bahts and proof of annual incomes of not less than 1.2 Million Bahts

(Once the applicants enter Thailand, they must have accumulated money deposited in Thai bank located in Thailand not less than 3 million Baht within 1 year.)

You need to update your info. 3million deposit for year 1.

Depending on age and medical conditions, compulsory, expensive health insurance.

If you choose to not exit the country, 5 years is real.

The cash remains yours, say you leave for good .. you can take it with you.

Online 90 days reports mean you go to the office once a year.

Dreaming oh oh oh I'm dreaming! Annual extension of stay, 90 day reporting and leaving 1.5 mill in the bank.

As far as I know, as for any long term visa O, OA, even Elite, you have to extend the authorization of stay in the country each year, in person at the immigration office. Visa and autorisation of stay are two separate things.

Authorization of stay will be given when you enter first the country with the visa OX or when you get the OX in situ in Bangkok.

Then you have to extend the stay every year.

For Elite, it is a bit different as one get new one year extension each time he goes out/retenter the country, and for free. But if not going out at all then should do extension and pay 1900 baht as every long stay visa.

It might only cost you $600.00 but you have to put in a Thai bank

The money in (a) and (b) must be kept in bank account at least 1 year before withdrawing and, within another next year, the money must be left in the account with the amount of not less than 1.5 million Baht and can only be spent in Thailand.

That’s a lot of money sitting there plus you can’t spend the money anywhere other than Thailand

My husband and I looked at this visa and said no way

I understand that you have to go to immigration after one year to show that you still have minimum deposit in bank or it has been invested in Thailand

A dream. You'll certainly have to do the 90 day report