Is it advisable to renew the OA visa every two years instead of applying for extensions in Thailand?

Feb 8, 2022
3 years ago
Dan **********
ORIGINAL POSTER
First off, I wanted to say this is a great group and it is an amazing source of information even just by reading other’s posts and replies. I am currently in Thailand on a multiple entry OA based on retirement, issued in the USA, and currently on my second year as I left and came back and got the extension upon re-entry with proof of another year’s insurance. I go back to the USA every summer for three months and then back to Thailand as soon as we are finished. Based on this schedule, is it a bad idea to think about getting a new OA every two years since I will be making annual return trips to the states? I did put the 800k baht in a Thai bank account in my name a year ago and so far just letting it sit in there…but if I were to just be doing OA visas, my thoughts are that the banked money in Thailand would never come into play? I know a lot of people are opposed to the Thai insurance component associated with the OA but I don’t find that a big deal and would probably renew my policy annually regardless if it was required or not. I am just trying to see if this is a good or bad idea and if there are other reasons I should be avoiding this option? I am over 50, married to a Thai and not trying to pull my money out of my Thai account. However, I am trying to avoid frequent visits to immigration for visa applications and extensions...the TM47/30 stuff I got the hang of already. The way I see it, I jump through the OA application process once every other year and get the easy one year extension every other year opposite of that. Thoughts?
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TLDR : Answer Summary
The poster is considering whether to renew their OA visa every two years given their summer trips back to the USA, rather than applying for annual extensions. They currently hold a multiple-entry OA visa based on retirement, with the requisite funds in a Thai bank account and insurance coverage. Feedback from other members suggests that many expats successfully utilize the same strategy of renewing their visa biannually to avoid frequent immigration visits, though they do note recent changes in regulations regarding insurance and financial requirements. Some members advocate for annual extensions, citing convenience despite the paperwork involved.
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Ellie *******
As the original question was answered, we are done.

If OP still has questions regarding the topic, please contact to one of the admins/mods to reopen this post.

Thank you for your contributions.
Dick ********
I’m on OA and have been here for nine years. I get extensions of stay every year. I find that easier than going back and applying for a new visa every two years. Fingerprints, doctors certificates, bank statements, visa fees, etc. all add up to more aggravation than doing annual extensions of stay. I have no issues with the insurance required as I too would be buying it anyway.

One might, however, consider coming in visa exempt then applying for a non imm O visa in country. Same funds in the bank requirement as OA but, for now, now insurance required. The insurance component may or may not change in the future in re O visas but in the off chance that it remains insurance free, we’ll, so much the better. If they change the rules and start required it….no harm done if you have it anyway.

Those are my two cents!
Bobby ********
@Dick *******
With the upcoming changes to OA insurance, if for any reason you are denied insurance due to age or pre-existing conditions you will have the option to "self-insure" provided you have solid assets in your home country. There's paperwork involved, but isn't there always?
Dan **********
ORIGINAL POSTER
@Di**
I was under the impression that the OA could be extended one time so it essentially becomes a two year stay. I’m retired with a pension but my other business continues so we go back to the states every year regardless. If you have gotten 9 years out of your OA, you are doing quite good.
Bobby ********
@Dan *********
. It's not really "extended" for the second year. It's merely re-entering towards the end of the visa expiry date and getting stamped in for a year
Dan **********
ORIGINAL POSTER
and when does that end, this is starting to sound like a visa for life lol
Tod *********
I know several people who do exactly what you're suggesting; get new OA visas in their country every other year and have done so for many many years without any issues at all.

They prefer it that way because they never apply for an extension here, they don't need to bank money here, they just come in, do their TM30's and then file 90 day reports.

Now keep in mind there are changes coming to both the insurance on OA's which is changing to 3 million baht policy towards the end of this year

AND

the new rules coming into play stating that OA visa applicants need to show 1.2 million baht or income of 100K baht a month to get a new OA, you shouldn't have a problem.
Alan ******
@Tod ********
the O-A multi-entry Insurance requirement is already $100,000 USD, so I don't really see much of a difference.
Dan **********
ORIGINAL POSTER
My current policy letter states 3.5m baht but I emailed my insurance company to see if they could clarify. They mentioned the upcoming changes when I renewed this current policy last November so I would think they could provide some details…we’ll see.
Dan **********
ORIGINAL POSTER
@T**
thank you for the reply. I’m aware of the insurance changes as, however, how much of an increase of the cost of the actual policy remains to be seen. I also saw those new income amounts posted on the Thai Embassy site but should be fine. I’ve learned quite a bit through this group and so far have yet to screw up my status lol. When borders open back up again and we start bouncing around SE Asia, I’ll have to really keep tabs on dates but I think the TM30’s will increase while the TM47’s likely be unnecessary. Thanks again!
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