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What are the financial requirements for obtaining a retirement visa in Thailand at age 50?

Nika ******
asked Jan 20, 2025
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Good day! Tried to search Google first, so be kind …

Please help me with the confusion - retirement visa for Thailand at the age of 50. Do I need to have some monthly income (1850 USD per Google)? Obviously, at 50 years old I won’t be collecting my social security yet … is there a way to get retirement visa based on bank accounts balance or any trick around? Can I pay myself that darn 1850USD each month?

I have funds (sold all the assets in US) but not at retirement age yet

Thanks for your advice

Ps. Not 50 yet, not for a long while BUT already looking into my options outside of the US and EU
Answer summary
To obtain a retirement visa in Thailand, one typically needs to be aged 50 or older. For those under 50 looking to explore options, it's important to understand that a 90-day Non-Imm-O visa can be obtained, followed by a one-year extension based on retirement. The financial requirements typically include showing either proof of a monthly income of at least 65,000 THB or having 800,000 THB deposited in a Thai bank account. An alternative method allows for a combination of income and deposit. Applicants should also ensure proper registration through TM30 and may need assistance with opening a Thai bank account if arriving on a tourist visa.
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Joe **********
Joe **********
Did anyone with pearls of wisdom actually read this post? NOT 50 YET NOT FOR A LONG TIME HE STATES!!!!!!
Nika ******
Nika ******
OP
@Joe *********
he? It’s a she and so? Knowledge is power! You don’t like, keep scrolling

Bye boiiii
Paul *******
Paul *******
800,000 baht in a Thai bank account is the easiest. Then you don't need a monthly income as far as immigration is concerned
David **********
David **********
@Paul ******
worse option as no interest on this money and it is tied up. Better to transfer 65,000 each month.
Nongnuch ********
Nongnuch ********
@David *********
the 850,000 THB in my SCB savings account will create around 3800 THB interest per year, better than nothing. And if your Immigration accepts a fixed account, the interest actually could even be higher
Paul *******
Paul *******
@David *********
how much interest, after tax?
Nika ******
Nika ******
OP
@Paul ******
straight to the point! Thank you 🙏
Richard ********
Richard ********
This is the best information I have read . Thank you for your time .I am in Thailand just visiting friends in this wonderful weather. Take care 🌀🙏
Nongnuch ********
Nongnuch ********
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 get you a 90-days stay permit upon entering Thailand.

Within this period you have plenty of time to arrange for the application to the “1-year extended stay permit based on retirement” (which people wrongly refer to as a “retirement visa”. Actually, this thing is not a visa. It is an 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 30-40,000 THB) to “arrange” the requirements

The downside is, you will get stuck with the agent for a while. 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.

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 must have “seasoned” in your account for two months, and this has to be proven with the “bank letter of guarantee” (rab roong thanakan).

Immigration will only service you if you are properly registered in your accommodation by the TM30.

Every landlord or hotel needs to register you within 24 hours of your arrival in the premises. While hotels do this automatically online, many landlords are not aware of this or haven’t registered their house or rooms in the system. It is your responsibility to ensure that you get properly TM30 registered.

After been issued the “1-year Extension of Stay”, the 800,000 THB 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

When you get issued the “1-year extension of stay”, you should always 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 can exit and re-enter as many times as you wish during the whole 1-year 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.

On a tourist visa, it is very difficult to open a Thai bank account. You are advised to use an agent to help you with opening a bank account.

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 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.

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

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
Colin *********
Colin *********
@Nongnuch *******
ok friend can l go to Thailand on visa exemption at airport, and then change it to the o visa in the immigration centre so soon as I get there ,in a day or two at local immigration office
Nongnuch ********
Nongnuch ********
@Colin ********
yes you can
Pierre ********
Pierre ********
@Nongnuch *******
you are amazing
Nongnuch ********
Nongnuch ********
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
Nika ******
Nika ******
OP
@Nongnuch *******
thank you for your extensive and detailed reply! Very much appreciated. Have a wonderful week ahead
Galen ****************
Galen ****************
@Nongnuch *******
Nice to see group members taking the time to explain in depth visa application requirements for those in need of the information. Very good!
Nongnuch ********
Nongnuch ********
you can apply for the 90-days retirement visa, because you are over 50 years old. You need to fulfill the requirements firstly for the application in the e-visa system in your home country to the 90-days Non-Imm-O visa, and later slightly different requirements on Immigration inside Thailand

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