What are the implications of switching to a Non-Imm O-A or O-X visa for long-term stays in Thailand?

Question

I am currently in the U.S.  Going forward I plan to spend less than 180 days in Thailand in any calendar year given the new issue of potential double-taxation of funds moved into Thailand, plus the recent issues with Thai bank accounts being frozen for no good reason.  Because of this I want to keep the smallest amount of money in my Thai bank account as possible.  I would also like to avoid the yearly non-imm O extension process (in the past I've used a non-imm O visa based on marriage to a Thai, followed by annual extensions).  I'm thinking that going back to a non-imm O-A or O-X would fit the bill.  I know that those visas require Thai health insurance, but after six years of dealing with annual extensions and banked money I'm ready to just pay the price for health insurance (assuming I can get it for a "reasonable" cost at age 75).  For the next several years I will be doing this ~6 months in Thailand, ~6 months out.  Unless things have changed since 2017, I think an O-A or O-X visa would enable me to travel to Thailand without having to keep any money in a Thai bank account.  Plus entering/leaving Thailand every ~6 months would enable me to get two years in Thailand on an O-A as long as I re-enter before the anniversary date of the first entry.  O-X would enable 6 years with careful planning.  Have I got this mostly right?

Ask Thailand · Answer

The user is considering switching from an annual Non-Imm O visa extension based on marriage to either a Non-Imm O-A or O-X visa due to concerns about banking issues and double taxation. They plan to spend six months in Thailand each year and avoid maintaining a large amount in a Thai bank account. The comments indicate mixed opinions, with some suggesting that the user is overcomplicating their plans and that a multi-entry tourist visa may suffice for their needs.

Pete ******* · Answer

Your whole plan seems unnecessary. If you are going to only spend 6 months in Thailand in a calendar year just get a multi entry tourist visa.

Tom ******** · Answer

You are over thinking it

Bob ********** · Answer

At 75 it’ll be pricy and good chance wound cover much your OA after it’s expired you’ll be doing the same extension as now with the same funds required but you’ll still be paying for insurance

Phil ****** · Answer

Spend as much or little time in Thailand.  You won't get double taxed dure to a Double tax'agreement from the US

Dca ***** · Answer

LTR–P E–Visa Wealthy Pensioner is 10 Years and if everything is planned accordingly, 1 Border Bounce per Year and realistically Zero Visits to any local Thai Immigration Office inside Thailand, could be no health insurance, and all financial requirements/deposits are all outside Thailand

Rafael ********* · Answer

Actually a very BAD plan. Why don't just stick to your one-year extension of stay based on retirement,  avoiding the mandatory Thai private health insurance you need if you get a 1-year extension based out of a Non-Imm-O/A visa? The extension based on a Non-O leaves you with a free choice of health insurance. Myself I have been spending the recent 18 years on an EoS based on retirement with 800,000 THB deposit in my SCB account and NO health insurance because I can self-insure myself (the 800,000 THB are a perfect emergency fund, just in case)

Graham ****** · Answer

You got it right except the Non-OX requires you to have 3 million in a Thai bank account ;)

James ******** · Answer

Yes overall a workable good plan. Many people get the OA Visa every year or two years... keeping their 💲💲💲 in their home country invested or earning interest.

What are the implications of switching to a Non-Imm O-A or O-X visa for long-term stays in Thailand?

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