Answered5 years ago

What are the income requirements for a retirement visa in Thailand?

Thailand Retirement Visa Visa Requirements Non-O Visa Income Requirements Expat Living

asked Dec 4, 2021

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Hello,

Thank you for allowing me to become a member of this group. I am retired and looking at various countries for a retirement location. I have a question regarding income requirements for a retirement visa. Am I required to have both, 65000 baht a month income and 800000 baht in a Thai bank? Or will 65000 baht a month be sufficient? 

Thank you for your help.

Answer summary

To qualify for a retirement visa in Thailand, applicants must meet specific income requirements. They can either show a monthly income of 65,000 baht transferred to a Thai bank account for 12 consecutive months, maintain 800,000 baht in a bank account in Thailand for at least two months before application and keep it above that amount for three months post-extension, or a combination of both. The comments highlight different options and emphasize checking relevant nationality and procedural steps.

9 repliesnewest first

Click comment and we will ask for your email, then OTP, then name.

James ********

What is your passport nation ?

Some countries still provide an Affidavit of Income as proof of annual income in support of an application for Non O retirement and its annual one year extension of stay.

5 years ago

Tod *********

The way the process works is you either get the 90 day Non-O visa based on retirement from a thai consulate in your country before you come here, then get your funds in place and apply for the yearly extension

OR

You come in on a visa exempt or tourist visa entry, get your funds in place then apply for the 90 day Non-O visa inside the country at the immigration office where you live, THEN after you get that you wait and apply for the yearly extension.

What is your nationality?

5 years ago

Ronald ********

I am a United States citizen.

5 years ago

Tod *********

@Ronald *******

I asked your nationality because as James pointed out in the comment below, SOME countries embassies here in Thailand offer a notary of affidavit of income from abroad that you can show immigrations to meet the proof of funds.

Sadly for you, the US embassy here stopped issuing that document on Dec 31st, 2018. So you follow my earlier advice for proof of funds.

5 years ago

Ronald ********

Thank you for all your help.

5 years ago

Benjamin ******

@Ronald *******

Then follow Tod Daniel's advice above

5 years ago

Tod *********

There are three ways to meet the proof of funds for extensions based on retirement;

800K baht banked in a thai bank account in your name only. The funds need to be there 2 months before you apply for your extension, the balance needs to stay above 800K baht for 3 months after your extension is granted and then the balance can't go below 400K baht the rest of the year

OR

65K baht a month in income from abroad transferred into a thai bank acocunt in your name only each month, every month for the previous 12 months

OR

A combination of banked and monthly income

5 years ago