What are the costs and requirements for obtaining a Retirement visa in Thailand for foreigners over 50?

It's not that difficult to get a retirement visa/extention. It is actually the easiest visa to obtain without alot of hassle. All you need is money in the bank (800K) or confirmation of 65.000 Baht monthly income. A leasing contract for your recidence, and your passport. Done in less then a day

Get OX before you leave your home country

@Ali ******

the VERY IMPORTANT part now is, on February 1st, Thai banks introduced a set of new rules, making it impossible for people on tourist visa or visa-exempt stamps, to open a bank account, even NOT by help from an agent. SO, BE WARNED !!! You better arrive in Thailand on a Non-Imm-O visa issued in your home country. DON'T show up on a tourist entry, unless you already got a Thai bank account!

25,000 baht for a single entry, 29,000 baht for a multi entry visa for the first year. Maneerat Soi Pattaya.

Exactly the info I had been looking for...well done

Visa is 2000 baht, extension is 1900 baht. For those who are so helpless they need someone to hold their hand, about baht! 😆😆

Take control of the new life, and do it yourself, it isn’t rocketscince, and you will save the agent fee.

No need to support corruption.

We got this from Tik Tok services today, it includes their fees.

Looks like a non O with multiple entry is the way to go.

Visa agency around 25-b for 15month.

Then you have to go the same way evry year about 10,b for renewal.

We are talking about the most common and persisting misunderstandings regarding the rules that come with applying for the “retirement visa” and the subsequent “one-year extension of stay permit based on retirement”

The best way is to show up in Thailand on a 90-days single entry Non-Imm-O Retirement/over 50 visa” as it will give you a 90-days stay permit. Within this period you have plenty of time to arrange for the application to the “1-year extended stay permit”

In order to apply for the “90-days single entry Non-Imm-O retirement visa” through the online E-visa system at the Royal Thai Embassy of your home country,

you can use the proof of income of a monthly minimum of 65.000.- THB, by using your original pension or other income documentation.

Or you use a deposit of a minimum of 800.000.- THB or the equivalent in your home country currency, or on your home bank account, or on a Thai bank, or just anywhere in the World – as long as it is in your sole name

However, for the application inside Thailand, for the “1-year extension of stay permit” out of the 90-days Non-Imm-O retirement visa, if you are a citizen of a country, whose embassy in Thailand does not issue the “income affidavit any more

(these are the embassies of USA, UK and Australia)

you would need proof by a “12 months bank statement”, showing that for the past 12 months, you have been transferring from abroad to your Thai bank account a minimum of 65.000.- THB, consecutively month for month

If your embassy still issues an affidavit of income, you can use this method for the financial proof, which needs a monthly income or pension of a minimum of 65.000.- THB

For British, Australian and U.S. citizens, in the first year there is no other way around, than depositing a minimum of 800.000.- THB in your Thai bank account and use this deposit for the financial proof which is required for the application to the “one year extension of stay permit based on being over 50/retired”

The alternative would be, if you don’t have that kind of money or are not willing to deposit in a Thai Bank account is, paying an agent a hefty sum (mostly in the range of 30.000.- THB) to “arrange” the requirements (which means bribing an Immigration officer to look the other way)

The downside is, you will get stuck with the agent for a while. You will have to pay to get an agent to help with bank account.

Then you will need an agent to fix your 800k issue. You will be trapped in the agent’s hamster wheel.

To qualify you will need the 800k fronted by the agent the first year and simultaneously deposit 65k per month for 12 months without fail, to qualify the 2nd year for income method.

If you use an agent you will not qualify for the 2nd year as you did not have the money in the first year . . . . So will use an agent, again and again.

The only way to escape the agent’s wheel is:

As soon as you have accumulated the 12 consecutive months of 65.000.- THB transfers (and this will be some time during the second "agent-year") all you need to do is exit Thailand without a re-entry permit. This will kick the agent from the plate.

By this you will invalidate the current "1-year extended stay permit". And once you re-enter Thailand "visa-exempt", you will get stamped in for 60 days. You can then immediately apply for the "change of visa type" from the "exempt entry" to the "90-days Non-imm-O retirement visa" all by yourself, using the bank statement proof of income of 12 months transfers.

This application costs a 2000.- THB fee and you can theoretically do it all by yourself, or accept the help of an agent for the simplified legal service.

NOTE: It is income OR deposit. And there is a third method, called the “combination method”:

A combination mix of income and deposit. Some immigrations don’t allow the combination method in the first year. And some Immigration want the deposit part to exceed 400.000.- THB. The combination method means that the sum of the deposit AND the monthly income exceeds 800.000.- THB in one year.

But let’s continue with the “normal method” (visa issued in your home country, followed by the application to the Extension inside Thailand):

On the day of application to the 1-year extension, the 800.000.- THB need to have “seasoned” in your account for two months, and this has to be proven with the “bank letter of guarantee” (rab roong thanakan).

After been issued the “Extension”, the 800K need to remain in the account for 3 more months. After these 3 months, the deposit shall never go under 400.000.- THB. And before your application for the next “1-year Extension of Stay”, a minimum of 800.000.- THB must have seasoned in the account for two months, again

On the day you get issued the “1-year extension of stay permit”, you should buy a re-entry permit for it.

A re-entry permit will keep your stay permit alive in case you exit Thailand before the expiry of the 1-year stay permit.

A single re-entry permit is 1000.- THB on Immigration. A multi re-entry is 3800.- THB. With a multi re-entry permit, you could exit and re-enter as many times as you wish during the whole stay permit period.

ATTN:

There is another road to the “1-year ‘Extension of Stay based on retirement”

You can arrive visa-exempt or on a 60 days single-entry Tourist Visa, you will get stamped in for a 60 days stay permit.

You visit Immigration and show them a bankbook with proof you got 800.000.- THB in sitting in your bank account, and a proof that this money came from abroad.

This must have either been organized during a previous holiday, or a bank account needs to be opened ASAP, and the money transferred from your abroad account onto you Thai bank account ASAP

You apply for the “change of visa type” from the touristic entry to a “90-days Non-Imm-O retirement visa”

To be allowed to apply you need a minimum of 15 days left on your entry stamp. And you need to show a rental contract, at least on most Immigrations

They will issue the visa for 14 days “under consideration”

After this period, you pick up the 90-days Non-Imm-O visa stay permit stamp

ATTENTION: if you plan to reside in Pattaya and use the Jomtien Immigration, you should be aware that they make up their own rule, which differs from the official police order.

Jomtien Immigration requires a 2-months seasoning for the application to the in-country initial 90-days Non-Imm-O visa!

That's why it is always better to apply for the Non-O visa in the e-visa online system in your home country before flying to Thailand

From up to 30 days (in some places 45 days) before the 90-days stay permit expires, you can apply to the “1-year extension of stay based on retirement”

The financial requirements for this application are the same as explained above.

You can find the requirements when you google for “change of visa type immigration Thailand” and click on the number 9 in the list

Good Luck and a great time in Thailand