After reading a lot of blogs that seem to go nowhere, can anybody tell me whether there really is any such thing as a 5 year visa? If so, what are the requirements? Can retirees apply for it?
Answer summary
Yes, there is a 5-year visa available through the Thai Elite program, known as the Thai Elite Visa, which requires a payment of 500,000 THB. Additionally, there is also a 10-year Non-Immigrant Type O-X visa targeted at retirees, which has different requirements. Both visas provide options for long-term residence in Thailand.
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Sean, still too many headaches to run a business here. If they have the resources for the Elite visa, then they will probably do private banking since the starting capital requirements here are quite reasonable.
My solution to that (after 9 years here mostly on Tourist visas) is to set up a Thai company and launch a business here.
It took a couple of years to identify the right business and its taken longer than I planned to raise funding to get it off the ground, but I'm closer to the finish line (starting line?) with planned launch now in Q1 2018.
Sean, some are still weighing visa options as they intend to remain here long term and are tired of applying from the embassies in neighboring countries.
Robert A. Piccus i did 30 years ago but nowaday i find driving car or bike very dangerous. note that in 30 yearsvi do have 2 case, a dog that damage the front car and a big plastic box the i got in the shield...