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Answered3 years ago

Is 40,000 baht a fair price for a Non-O visa and extension in Thailand?

Anthonie *******
asked Dec 23, 2023
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I'm on a 60 day tourist visa on Koh Phangan. Agent I talked to wants 25k for the 90 day Non-O visa. 15k for 1 year extension. So 40k total.

This is with my own 800k baht in my BKK bank account.

(Just to be clear: I have not put the 800k is in the account yet. The quotation from the Koh Phangan agent (40k) assumes 800k of my own money is in the bank account)

Is this a fair deal?
Answer summary
The user is currently on a 60-day tourist visa in Koh Phangan and has been quoted 40,000 baht by an agent for processing a 90-day Non-O visa and a 1-year extension. The community responses largely agree that this price is excessively high, with suggested costs around 3,900 baht if done independently. There are concerns about a lack of competition among agents in Koh Phangan leading to inflated prices. Members suggest that if the user has 800,000 baht ready in a Thai bank, they can apply for the visa themselves for a fraction of the cost.
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Anthonie *******
Anthonie *******
OP
Can anyone recommend me an agent that can do it for me without my 800k baht in the bank?
Todd *********
Todd *********
Anthonie *******
Anthonie *******
OP
Just to be clear: I have not put the 800k is in the account yet. The quotation from the Koh Phangan agent (40k) assumes 800k of my own money is in the bank account.
Graham ******
Graham ******
@Anthonie ******
If you're paying an agent who requires you to have the 800k banked you are throwing money away in my opinion, especially if it's 40k.
Peter *********
Peter *********
An absolute rip off mate 🙏
Bob **********
Bob **********
Your getting robbed if you have the funds do it yourself it’s easy 2000 non-o 1900 for 1 year extension
Nongnuch ********
Nongnuch ********
@Bob *********
apparently not so on Samui and Phangan. Immigration there is refusing him the application. He could get the "change of visa type" done all by himself for the fees you mentioned, in Bangkok and in Pattaya and in other Thai cities
Anthonie *******
Anthonie *******
OP
@Nongnuch *******
haven't tried Samui. Only asked once at Phangan immigration.
Bob **********
Bob **********
@Nongnuch *******
he can use an agent anywhere but Samui for under 20k
Bob **********
Bob **********
@Anthonie ******
Maneraat soi
****
pattaya
Anthonie *******
Anthonie *******
OP
@Bob *********
got an example of such an agent?
CN ****
CN ****
This thread will definitely give migraines, 😭
Chris ****
Chris ****
this is rip off, not more
James **********
James **********
You will find other agents a lot cheaper if you look around
Rene ******
Rene ******
STEP-BY-STEP DO-IT-YOURSELF INSTRUCTIONS -- APPLYING FOR RETIREMENT STAY AFTER ARRIVAL IN THAILAND

(Must be over age 50):

i. You may arrive either Visa Exempt (currently 45-days), or on a 60-day Tourist Visa.

ii. Then, immediately after your arrival, you must promptly open a Thai Bank Account, and transfer 800,000 Baht into Thai Bank Account (if married, some Immig. Offices like CM, accept Joint Account with 1.6 Mil. Baht. Also Note, that either Passbook Savings or Fixed Deposit is acceptable, but not Investment Account. Finally note, that some Immig. Offices, but not all - e.g. CM, require proof of foreign source of funds. WISE is an inexpensive, easy & reliable service to transfer funds).

iii. Then, you apply for a 90-day Non-O Visa at local Thai Immigration Office. If on Visa Exempt, you use Form TM87, if on Tourist Visa TM86. You are required to apply with minimum 15-21 days remaining on permitted Stay, depending on Office (Chiang Mai, requires 21 days).

Requirements: TM87 or TM86 (Note: Fear not, only 1-page Form simple to fill out in English with only basic info., name, address, passport info., arrival info, and stated purpose: "For Retirement"),

Must be Over Age 50, 2000 Baht, Copy of all relevant pages of Passport (i.e. Facepage, and Entry Stamp); copy of TM30 (that is the required arrival form that is either completed by your Hotel or Condo, or you do yourself at Immig. Office w/i 24 hrs of arrival); copy of proof of residency (Rental Agreement, or Hotel Reservation -- some offices may not allow if only staying at a HOtel); and most importantly proof of the money in Bank (Copy of Bank Book, and a certified Letter from the Bank usually costing 100 Baht).

Above is all simple and straightforward, so no need for spending money on a Visa Service.

iv. If all docs. in order, Immig. Office will put a Sticker in your Passport that you are "under consideration", and a date to return to pick up your Visa Stamp (prior to your Stay expiration).

v. Next, when you have 30 days remaining on the Non-O (and your Bank Money has "seeded" 60 days -- i.e. stayed on deposit), you go back to Immig. Office to apply for the 1-yr Retirement Extension.

Requirements.: TM7 (Req. for Extension of Stay); 1900 Baht, and all other same docs. as above (newly updated of course). And, you will receive 1-yr Extension of Stay -- usually same day, if you arrive in morning.

Note: For both processes above, your Bank Passbook Balance must be updated same date as application, and the Bank Letter should be no more than 7 days old -- easiest just to do both same day just before going to Immig. Office).

vi. Finally, you should/must get a Re-Entry Stamp -- easiest/best to just do immediately after you get your 1-yr. Extension stamp. It can be single Re-Entry for 1000 Baht, or 3800 Baht for unlimited multiple Re-Entry. The Re-Entry Stamp allows you to leave and return to Thailand, without invalidating your 1-yr Extension. If you fail to do that, then your Extension of Stay is nullified, and you must start the process again.

(IMPORTANT: If you want or need to leave Thailand while on the initial 90-Day Non-O, same thing -- must get Re-Entry Stamp.). Hope that is all clear.

By Robert B. Morton

******************************************************************************
**********
*****
*****
*****
9/
Mike ********
Mike ********
@Rene *****
great information thanks!!!
Peggy ************
Peggy ************
@Rene *****
unfortunately that doesn’t apply to either Samui or Phangan immigration.

They are asking a lot more documents etc - meaning, making it extremely hard for anyone NOT using an agent
Daniel *********************
Daniel *********************
@Rene *****
wow complicated
Anthonie *******
Anthonie *******
OP
@Rene *****
thanks. Unfortunately Koh Phangan immigration said I can't go from 60 day tourist to the 90 day visa
Simão ****************
Simão ****************
You have 800k in your account already, so 40k it's nothing. Very fair deal

And ofc I'm being ironic
James **********
James **********
Terary **********
Terary **********
Is (25K + 15K = 40K) fair?

It depends how you value your money and your time. If you have the time to go to immigration a few times and hang-out for
***
day each time AND you want to save 40K, then this is NOT a good deal. However, if you have an extra 40K and you prefer as little hassle as possible, then this IS a good deal.

Here, they are Pattaya they are asking 10-15 to renew the retirement visa, but I am not really sure what that includes.
Simon *********
Simon *********
God no absolute rip off
Kool *******
Kool *******
As long as you already have a Thai bank account in your name, then you are going to pay about bt37,000 extra using that agent. If you don't have a Thai bank account then an agent will charge about bt5000 to get one. The type O retirement visa is the easiest to get by yourself.
Russell *******
Russell *******
@Todd ********
He mentioned that he has 800,000 baht in a Thai bank . Or at least that's how I would interpret. That's with 800,000 baht .
Anthonie *******
Anthonie *******
OP
@Russell ******
I didn't put the 800k in the bank account yet. The price she was giving me assumes that I do.
Todd *********
Todd *********
@Russell ******
yes - agreed. If he has it and they understand, that price is vastly bloated. That would be price for someone without 800k in the bank. And even that should be about 35k not 40k
Todd *********
Todd *********
Assuming you are talking retirement visa, Absolutely NOT. That is pricing for visa without 800k in the bank. Are you sure they understand you have the 800k?

There are 2 agencies outside immigration on Samui. About 8k to ‘facilitate’ if you have the 800k in place already
Anthonie *******
Anthonie *******
OP
@Todd ********
yes she understands I have the 800k. I guess on Phangan there's a lack of competition
Todd *********
Todd *********
@Anthonie ******
perhaps. If you reach out to
@THAI *****************************
via Messenger or Line app and explain your situation they will give you exact pricing for your situation. They can service anywhere in Thailand
Stephen *******
Stephen *******
No does not sound fair. 30,000 bht.
Pete *******
Pete *******
Why pay 40k for something that costs 3900 baht?
Todd *********
Todd *********
@Pete ******
because 800k makes you at least 40k annually in interest when you leave it at home or elsewhere. Hard to imagine people still can’t grasp this
Graham ******
Graham ******
@Todd ********
But you only need the 800k for the first year (400k for 7 months if you're frugal) then you switch to the 65k deposit method. You pay an agent a fee every year.
Todd *********
Todd *********
@Graham *****
100% agree the 65k method is optimal. Especially for those passports with embassies whom offer affidavit of income. No banking hassles for them.

Moving the 400k in and out of country for 7 months would be a costly mistake though. No point in doing that.
Lyndon ************
Lyndon ************
Vs ฿2000 (90 day) then ฿1900 (12 month extension) to do yourself. It's paperwork not rocket science, a no brainer if you meet the requirements and have the 800k in your Thai bank account.
Todd *********
Todd *********
@Lyndon ***********
you make at least 40k interest on 800k in many counties. 5% or better. Agent extensions cost 16k annually. Would you rather have 24k in your bank or be out 1900 baht. THAT is a no brainer. Anybody with 800k sitting in the bank here at zero or little interest failed basic finance 101. In ten years it would cost
*****
baht and you need to waste your time at bank and immigration EVERY year. With agent you would end up with at least 240k baht in your account. No brajner indeed
Lyndon ************
Lyndon ************
@Todd ********
he's aleady got 800k in a thai account...

However, 240,000 in your bank account from interest. Then subtract the agent fees 40k first year the 16k x9 ( using your and his figures)
*****
0. So in your best case scenario you are up 56k over the ten years. However when you factor in the overall trend with exchange rates. If you'd bought ฿800,000 10 years ago, it would have cost circa £
*****
and be worth just over £
*****
today. A gain of £3k or ฿
*****
0 then subtract ฿
*****
, annual visa fees, ฿
*****
0, compared to your ฿
*****
Todd *********
Todd *********
@Lyndon ***********
your math is drastically off. The 240k in the bank, ALREADY accounted for the 16k annual agent fees. So you need to restart your efforts and come up with a rational argument that includes math skills. PS I have made between 7-9% on Mexican govt CD’s over the last decade. You need to take the blinders off here
Lyndon ************
Lyndon ************
You might need to extend your tourist visa first if you have less than 15 days left on your stamp. ฿1900
Pascal *****
Pascal *****
1900 thb at immigration if you do it by yourself ☑️🤣
Veronika **********
Veronika **********
I can introduce an agent in Siem Reap, Cambodia
Todd *********
Todd *********
@Anthonie ******
7% + in Cambodia and Mexico. Canada and USA both over 5% still.
@THAI *****************************
is your best choice for agent. They will give you exact quote for your situation. Many great reviews and they have been around for years
Anthonie *******
Anthonie *******
OP
@Asia ******
immigration on Phangan says I can't go from a tourist 60 day visa to the 90 day one. Are they wrong?
Pascal *****
Pascal *****
@Anthonie ******
yes you can, I did it
Todd *********
Todd *********
@Anthonie ******
then you should be able to convert. Many do. But perhaps not on KPN
Anthonie *******
Anthonie *******
OP
@Todd ********
I'm referring to the 90 day retirement visa
Anthonie *******
Anthonie *******
OP
@Asia ******
where did you do it?
Todd *********
Todd *********
@Asia ******
there is no 90 day tourist visa in Thailand
Todd *********
Todd *********
I’m not sure. I have not yet given a shot at Cambodia but have a friend there with $500 a year visa. No qualifying or financials. He said very easy to open a bank account but he already had that visa. It would make sense especially if you can get good interest on USD accounts. The Riel doesn’t hold much investment appeal for me
Veronika **********
Veronika **********
@Todd ********
in Cambodia, you can open a bank account without long-term visa and it's with a good interest (already have it). Also getting a long-term visa is very easy - working on it right now.
Marc ********
Marc ********
@Veronika *********
I don't know if it is new but before it was impossible changing tourist visa to business.

You had to leave the country and apply for ordinary visa. After 1 month you get business EB visa
Veronika **********
Veronika **********
@Marc *******
you can open your bank account in Phillip bank with just tourist visa. Also it's easy to change from tourist to business visa or get work permit.
Marc ********
Marc ********
@Veronika *********
I was told you need at least 3 months EG visa.
Veronika **********
Veronika **********
@Marc *******
You can, did it 2 months ago😉😉 not with ABA, but you can.
Marc ********
Marc ********
@Veronika *********
In Cambodia you cannot open bank account on tourist visa.

You need long term.
Veronika **********
Veronika **********
@Todd ********
you should while it's still possible and easy. Always better to have options!
Todd *********
Todd *********
@Veronika *********
good update! Thank you. I’m thinking about adding a long term visa there just for easy options
Marc ********
Marc ********
@Todd ********
He got 800k in bank already
Anthonie *******
Anthonie *******
OP
@Marc *******
I don't have the money there yet. The quotiation from the agent is for with the money there.
Todd *********
Todd *********
@Marc *******
not the smartest financial move that’s for sure
Anthonie *******
Anthonie *******
OP
@Todd ********
I haven't been able to find any agent that made it a better deal to use an agent. Interest rates in Europe are max 4% and getting lower.
Marc ********
Marc ********
@Todd ********
Ah ok need to check out Cambodia. Unfortunately it is difficult opening a bank account there.

In Thailand it was very easy.
Todd *********
Todd *********
@Marc *******
I get 7.15% on govt backed CD’s in Mexico right now. And a very strong peso. Or Between 5-5.5% in Canada. Cambodia also has high interest now and in USD.
Marc ********
Marc ********
@Todd ********
Yes actually I wanted to put 800k in bank.

But after reading your comments I am not sure again if I want to do it.

Of course first I need to find somewhere they give me 5% interest.
Todd *********
Todd *********
@Marc *******
agreed. It’s a just an option. And clearly it’s not for everyone. But it’s at least worth considering the financials on an equal and comparative basis. And making one’s personal decision
Marc ********
Marc ********
@Todd ********
He could start using the money as soon as he gets the visa.

Then next year when he does have less than 800k in bank he can still pay an agent🤷

Not very difficult spending half of it in 1 year already
Todd *********
Todd *********
@Marc *******
that’s a fair point as he has already incurred the cost of inbound transfer and exchange and would again to send it out.

But if planning on long term stay, he could gain financially by using that money for cost of living here and shift to agent for the extra 24k annually in your pocket
Marc ********
Marc ********
@Todd ********
Possibly. But since the money is in the account already it's even less of a smart financial move paying an agent that much money.
Todd *********
Todd *********
@Asia ******
800k makes 40k+ interest in many countries. Agent saves you a LOT of money
Pat *****
Pat *****
@Todd ********
but illegal
Todd *********
Todd *********
@Pat ****
🤔 sure let’s randomly and wrongly accuse people of illegality here instead. Sounds wise and conducive to understanding . Smarten up.
Pat *****
Pat *****
@Todd ********
stop insulting people
Todd *********
Todd *********
@Pat ****
oh illegal? Are you a Thai lawyer, judge or amateur guesser without a clue?
Todd *********
Todd *********
@Nigel *************
you also need a calculator.
Nigel **************
Nigel **************
@Todd ********
oooppsss! Correct

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