Answered7 years ago

What Are the Financial Requirements for Renewing a Non O Retirement Visa in Thailand?

Non-O Visa Retirement Visa Visa Renewal

Ian *******

asked Apr 12, 2020

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Hi - I hope everyone is staying safe. I have a question - my Non O Retirement visa is due for renewal at the start of next month, and, when I went to do my diligent 90 day reporting, I picked up a flyer with "New Regulations for Retirement Visa start 1 March 2019". I have read it a few times and I am confused. The way I half-understand it, I should have proof of yearly income, irrespective of amount of money in a Thai bank account. Does anyone know if if I am supposed to have this proof of annual income as well as the money deposited into a Thai bank account, or is the money in a Thai bank account sufficient?

Answer summary

The renewal of a Non O Retirement visa in Thailand requires proof of financial stability, which can be demonstrated in several ways. Applicants can either maintain at least 800,000 THB in a Thai bank account for a minimum of 2 months prior to the application, furnish an income affidavit from their embassy proving a salary of at least 65,000 THB per month, or show a minimum of 65,000 THB deposited monthly over 12 months into their Thai bank account. Some expats also seek to combine a pension income with bank savings to meet the total of 800,000 THB required.

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Anne *******

Is there also an option to have a monthly pension and if it is not enough to have the rest of the money on an Thai bank account. So that the combination of the money is all together

*****

0 bht? Per year?

7 years ago

Anne *******

Yes,i think so. But i am not sure.

7 years ago

Andrew ******

@Anne ******

that's how I understand it. So for example 60,000 a month income would be 720,000 baht per annum. So you need at least 80,000 baht in the bank to get to the magic 800,000 baht.

7 years ago

Tod *********

@Ian ******

are you just using all banked money (800K baht in a thai bank account in your name for 2 months before you apply) for your extension?

7 years ago

Ian *******

Yes - I easily exceed the minimum requirements for banked money - it is just the flyer I picked up that has me confused - probably just the Thia-English used - I think it is a local flyer as it says the days and location where visa extension can be lodged (Chiang Rai, Mondays and Wednesdays). Last year was no problem with just money in the bank.

7 years ago

Robert *******

Option 3. If your Embassy does not provide income affidavit, at least 12 months of monthly foreign deposits of a minimum of 65.000 Thb into a Thai bank account on your name

7 years ago

Owen *******

Is not another option "Or, have an annual income, pension, and money in a Thai bank, which come to a combined total of at least 800,000 Thai Baht."?

I've always been confused about how this works. Does it mean you can have six months deposits of 65,000 Thb and the balance as a lump sum in a Thai bank account?

7 years ago

Robert *******

Option 2. an Income affidavit of your Embassy that your income is not less than 65.000 Thb a month

7 years ago

Robert *******

There are a few methods to meet the financial requirements:

Option 1: At least 2 months prior application date a minimum of 800.000 Thb on a Thai bank account on your name, the money must stay on that bank account for at least 3 months after application date and the rest of the year not less than 400.000 Thb

7 years ago