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Is an Investor Visa a Good Alternative to a Retirement Visa in Thailand?
Dec 15, 2019
6 years ago
Stephen ***********
ORIGINAL POSTERI qualify for a retirement visa but don't want to keep 800,000 bht money in the bank and I don't want to prove income. I struck upon the idea of getting an investors visa as I have a condo that qualifies me for it. I am asking on this site if anyone has firsthand experience getting it and renewing it every year. Is it a good alternative to retirement visa. Thanks for any help.
TLDR : Answer Summary
The user is seeking advice on whether an investor visa, through owning a condo, is a viable alternative to a retirement visa since they prefer not to maintain 800,000 THB in a bank account. Replies indicate that an investor visa requires a minimum investment of 10 million THB and must be an approved development, complicating matters. Alternatives like the O-A visa and monthly income transfers from abroad are suggested as potentially better options.
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.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
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Tod *********
And I think at this point the O/P has some ideas of what to do.
Thanx one and all for keeping the conversation civil.
Good Luck to the O/P
Thanx one and all for keeping the conversation civil.
Good Luck to the O/P
Eze ********
As others have suggested, you can get an O-A visa from your home country and leave your cash at home. You *may* be able to use any existing foreign health / travel insurance for the first year (maybe also the second with a re-entry permit) or you could buy the Thai health insurance.
You ruled out proving your income in your original post. However, the income method also includes the option of transferring at least 65,000 per month into the country from abroad, if you are unwilling or unable to prove your income by the other allowed methods.
Is the monthly transfer option something you have considered? The money doesn't have to remain in the bank so you can use that money live on.
You ruled out proving your income in your original post. However, the income method also includes the option of transferring at least 65,000 per month into the country from abroad, if you are unwilling or unable to prove your income by the other allowed methods.
Is the monthly transfer option something you have considered? The money doesn't have to remain in the bank so you can use that money live on.
Stan *******
@Eze *******
This is simply the best option...Reply to
Stan *******
Reply
Stuart **********
You could however just invest 10 million baht in a fixed term deposit account, that would do the trick
Reiner *********
well if he Dont want to Follow the Kawa...because he think 800k thb For there Month in a bank is Wasting....my Be wrong here....
Michael ********
The OP didn’t want to keep 800k in the bank. I doubt he would think locking in 10 million is a better alternative.
Reply to
Michael ********
Reply
Stuart **********
Having a condo does not qualify you, it must be an approved development. It's not as easy as just owning a 10 mill condo.
David ***********
following
Karan ***************
Be aware of the 10million baht condo investment visa .. it says 10 mb .. but infact its 10mb land appraisal value of the condo .. so your condo should be well over 20mb ... its also only given to existing non-b visa holders
Stan *******
@Karan **************
good pointReply to
Stan *******
Reply
Joe ***********
Get an O-A Visa in your home country with the equivalent of 800,000 in your country's currency - in your home country bank. Apply at a Thai Consulate - again in your home country. The O-A Visa holder is required to get Health/Medical/Hospital Insurance but all this can be done. A good deal because the O-A Visa has a face value of one year - but it will actually allow two consecutive years. After two years you can go hone and do it again
Carl **************
@Joe **********
check out Travelex for insurance. Very low cost and high ratingsRobert **********
@Joe **********
for many people the option for the O without the health insurance is betterStephen ***********
ORIGINAL POSTER@Joe **********
yes it might be the way to go. I started that process before but ran out of time and patience.Reply to
Stephen ***********
Reply
Darren ******
F
Robert *******
Alternative the Thai Elite Visa, only 2 M for 20 years
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Ivan ************
The 1m is just the visa, it has the airport fast track but none of the perks. Elite Superiority Extension on the right in this chart.
Bernard ********
@Robert ******
I think that if you don,t need golf and over luxury things, but just to stay cool in the country, it is 1M baht for 20 years.Reply to
Bernard ********
Reply
Stan *******
Minimum 10 M investment, existing investments are not accepted, needs to be approved by BOI and is only valid for limited time and very hard to get
Karel *********
@Stan ******
I.e.: Just another way to steal your money.Reply to
Karel *********
Reply
Goldie ********
Interested also
Robert *******
Contact this organisation, the board of investment of Thailand, they handle the Investments Visa applications. But if you already have a condo, as far as I know this does not count for you. But you can always try:
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Benjamin ******
An investor's visa is a SMART visa. You'll want to call up the BOI for more information. I believe the answer will be no though, because you brought it already.
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is their contact information.Marcellus ********
Following
John *******
@Marcellus *******
see the 3 little dots in the upper right. Go there, “turn on notifications for this post”. So easyReply to
John *******
Reply
Riad ********
Following
Reply to
Riad ********
Reply
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