What are the financial requirements for a Retirement Visa in Thailand, and does property ownership affect these requirements?

Sep 24, 2021
3 years ago
Mark *********
ORIGINAL POSTER
My wife and I need to go back to UK in November and come back to Phuket in Feb 22.

I have been looking into Retirement Visa, are the financial requirements 800k each in Thailand bank account

I usually just send over what I need, when I need it and keep money in UK.

Does the fact that we own a villa change anything

Thanks
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TLDR : Answer Summary
The financial requirement for obtaining a Retirement Visa in Thailand generally involves having 800,000 THB in a Thai bank account, seasoned for two months prior to application. Owning property, such as a villa, does not influence visa approval or extension requirements. Alternatively, applicants may qualify through a monthly income of 65,000 THB. It is important to note that health insurance is required for certain visa types, such as Non-OA and Non-OX, and specific COVID-19 insurance may also be necessary.
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.
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Benjamin ******
Shutting this down because of hijacking. Make your own post people. Thank you
Stan *******
I've thoroughly read about the 65,000 baht income requirement. I have not read anywhere that it must be deposited in a thai bank. Does anyone see that in writing? Where?
Benjamin ******
@Stan ******
It's in the police order 😕 It must be deposited in a bank in Thailand. OR see section 23 below:

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Peter *******
Dont forget the covid insurance
Jason ***********
Immigration doesn’t care if you own property.
Benjamin ******
>I have been looking into Retirement Visa, are the financial requirements 800k each in Thailand bank account

Excluding the certificate of entry, There are two things you need to acquire to enter and stay in Thailand:

1. A visa

2. An extension of stay

Visas:

Visas are what is used to enter Thailand. There are three potential visas that can be acquired to enter Thailand for retirement purposes:

Single Entry Non-O visa. This allows a person to stay for 90 days, and is used once. There MAY NOT be any financial requirements or health insurance requirements (note the "MAY NOT". Ask your local embassy).

Multiple Entry Non-OA visa. This allows a person to stay in Thailand for one year, is multiple entry, and allows a person to stay one year on each entry. The financial requirements are 800K THB in a local bank account in local currency, and health insurance is required.

Multiple Entry Non-OX visa. This allows a person to stay in Thailand for 10 years, and is a multiple entry visa. The financial requirements are 3M THB in a foreign bank account. Ask your consulate for more details.

You can also enter Thailand on a tourist visa or visa exempt, transfer or show that you have 800K THB in a Thai bank account from overseas, and then purchase a "zero entry" Non-O visa based on being over 50, and then get a one year extension of stay.

Extension of stays:

This allows you to stay in Thailand longer then your admitted to stamp. For people who are over 50, this is known as an extension of stay based on being over 50/ "retirement". You will need 800K THB in a Thai bank account, seasoned for TWO MONTHS before and THREE MONTHS after applying for the extension of stay, and the balance can never drop below 400K THB. If you entered on a Non-OA or Non-OX visa, you will also need health insurance as well.

OR...

EITHER:

1. Proof of income of 65K THB a month coming from over seas or;

2. A letter from the embassy saying you make 65K THB a month.

ANOTHER OPTION (If you and the partner are legally married).

1. One person gets a Non-O visa based on retirement, using whatever method they qualify for.

2. The other person get a Non-O visa based on being a trailing spouse
John ******
It makes absolutely no difference if you have a Villa and this was asked a long time ago. It should but they are not their rules no the monies need to be in the account under your own name
Marty *********
You should be able use the monthly income method of 65,000 baht per month.
Mark *********
ORIGINAL POSTER
@Benjamin *****
- thanks
Benjamin ******
@Mark ********
The villa has nothing to do with retirement visa
Mark *********
ORIGINAL POSTER
Started purchase last year and came in on 30 day visa on arrival this time to sort legals and paperwork

Nobody asked for anything different
Barrie *************
@Mark ********
How did you buy a villa then?
Barrie *************
@Marty ********
Yes. A trailing spouse.
Mark *********
ORIGINAL POSTER
None, this visit was a short one to sort house etc. Before planning a longer stay from next year on
Barrie *************
What visas/ extensions do you currently have?
Mark *********
ORIGINAL POSTER
Thanks
Marty *********
@Mark ********
First there are the visa requirements and then there are the 1 year extension of stay requirements. I will leave it to the moderators to answer whether you need to double everything or not. I believe there is a way for a spouse to follow your visa. In any case, I mention the income method because you can spend that money down each month and you are not leaving money unused in a Thai bank. You can do as you suggest and leave money in your home country and bring money in monthly.
Mark *********
ORIGINAL POSTER
@Marty ********
- But I need visa for me and wife ( both uk) so do I need double everything
Reiner *********
No…you need the 800 k in your account for 2 month before you can apply for…
Benjamin ******
Owning a villa/ property in Thailand does not influence getting a visa or an extension of stay.
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