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Answered2 years ago

What are the options for retiring in Thailand if I cannot qualify for a retirement visa?

Lucy ******************
asked Aug 26, 2024
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Hi All

I am hoping to retire at least part time in Thailand in 2026 , I don’t earn enough to get a retirement visa, I have a son who lives in Phuket .

I have another so in South Africa so I would spend a few months a year there . I will be 66 and self supporting, I see people mentioning visa exempt, what does this mean , how long can I actually stay for , I think I can get an extension of a month but not sure how often , so many things to figure out ,, I figured that medical cover is also too expensive for me so will rely on travel insurance, any advice would be helpful ,

Many thanks
Answer summary
The user is considering retiring in Thailand but lacks the income for a retirement visa. They inquire about visa exemptions and options for long-term stay while balancing time spent in South Africa. Responses suggest that visa exemptions allow for a stay of 60 days, extendable by 30 days, and recommendations include the new DTV visa for longer stays. Users advise evaluating travel insurance and considering a test stay in Thailand to better understand living conditions. Several alternatives for financial requirements of retirement visas were discussed, indicating options for showing bank deposits or income certificates.
55 repliesnewest first
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David ********
David ********
Check out United Healthcare SafeTrip!! Awesome coverage at the lowest premiums I could find, and I researched the heck out of it. Depending on where you live in the US, you can get a policy for up to 6 months.

I would highly suggest watching the following video from my YouTube channel that will provide you with a massive amount of information, most of which my guess is you haven’t even thought about yet. It’s loaded with great information that I have learned throughout my travels.

BUDGET TRAVEL - Slow Travel - Affordable Travel

****************************


Also, note that Malaysia is Visa Free for U.S. citizens for 90 days. It’s an easy way to do a visa hop when your Thai tourist visa need renewed. But now that it’s 60 days visa free for Thailand, extendable for 30 it’s not so much an issue.

Good luck!!
Lucy ******************
Lucy ******************
OP
@David *******
lots of good info , thank you for doing this for me , sadly I’m British so can’t take advantage of that

I don’t really want to travel a lot besides backwards and forwards to Cape Town
David ********
David ********
@Lucy *****************
I’m pretty sure the SafeTrip insurance is available to the UK as well.

Safe Travels!
Edward ******
Edward ******
I think travel insurance has its limits in terms of length of stay and coverage. You cannot simply extend and stay in Thailand indefinitely without a retirement visa but you can travel to Malaysia or Vietnam for 90 days. They are also quite nice and in fact my preference to staying just in Thailand.
Cliff *********
Cliff *********
Look at previous postings or the Thailand DTV group.

DTV is a new 5 year visa category with a lower income requirement, no insurance requirement. We are seeing many postings about people getting it for medical treatments, etc.
Braulio *********
Braulio *********
as you get older your medical needs will increase, you should obtain a comprehensive medical insurance policy. TIT
Joe ********
Joe ********
Question: can you get a retirement visa AND still work as a digital nomad?

I am over 55, have more than enough to meet the economic requirements but I am in discussions about working on contract 10-20 hrs a week.

I looked at the other visa option but I don’t have the history of the funds coming and/or I don’t plan to pull those funds (other than 800k baht ) for the visa into the country
Chris *******
Chris *******
@Joe *******
what you do in the comfort of your home is your business.

As long as you are NOT working for someone or earning money in Thailand.
Stephen *****
Stephen *****
@Joe *******
then why dont you apply for DTV? Requirements are lower (500k baht) and only need one time statement from bank in your own country. 5 year validity is even better than retirement visa( need yearly renewal)
Joe ********
Joe ********
@Stephen ****
thanks, but the requirements is a contract for the assignment but I don’t have it yet and may not have it until til I leave the country.
Greta *****
Greta *****
You don't have to earn a pension to get the retirement visa if you deposit
*****
0B
Greta *****
Greta *****
@Lucy *****************
You also don't HAVE to have health insurance, it's up to you whether you want to be covered or not
Lucy ******************
Lucy ******************
OP
@Greta ****
That is really interesting, thank you , just need to figure out the most cost effective medical cover
Greta *****
Greta *****
Lucy Landers Twogood I like your surname. My real one is Tobetrue 😜
Lucy ******************
Lucy ******************
OP
@Greta ****
really, I thought you needed an income of about 80 000 bht pm
Braulio *********
Braulio *********
@Lucy *****************
Bank Statement of at least 800,000 THB in a Thai Bank (Around 27,000 USD)

Income Certificate with a monthly income of not less than 65,000 (Around 2,200 USD)

(Monthly Income x 12) + Deposit in a Thai bank Totaling not less than 800,000 THB (27,000 USD)
Roel *********
Roel *********
@Stephen ****
correct !
Braulio *********
Braulio *********
@Stephen ****
You select one of the 3 options, none of the options are burdensome
Greta *****
Greta *****
@Braulio ********
you forgot to write 'OR'. It is NOT both. It's either or
Stephen *****
Stephen *****
@Braulio ********
it is OR not AND
Roel *********
Roel *********
@Lucy *****************
no, its 65.000 bath ( netto) OR 800.000 bath deposit
Jins ********
Jins ********
You also check for new DTV Visa where you can stay upto 6 months at a time. and valid for 5 years and who knows by 2026 things will be more lenient. as many suggested you do a test visit few times before 2026 before making final call. You could also consider Cambodia or Laos - Cambodia has retirement visa, Laos doesnt have retirement visa as such, but easy to get long term visa. Laos and Cambodia hospital services are not so great compared to Thailand, but worth exploring because of the kind people and prestine nature and laid back living.
Lucy ******************
Lucy ******************
OP
@Jins *******
what is a DTV visa , does anyone qualify
Lucy ******************
Lucy ******************
OP
Thank you I will look into this in more depth, this conversation has been very useful
Jins ********
Jins ********
@Lucy *****************
it’s new destination Thailand visa (DTV) they have many categories, I think if we can show proof of
*****
$ and fit into some categories like remote worker learning Thai etc would qualify

We can visit and stay 180 days at a time and can be extended once within Thailand for another 180 days
Lucy ******************
Lucy ******************
OP
@Jins *******
thank you , I have spent quite a few one month trips in Thailand, will be living with my son some of the time , have sort of got an idea of living costs ,
Jins ********
Jins ********
@Lucy *****************
wow then great , you will be able to figure out living costs very soon from someone’s in the group

Best wishes 🤗
Henrik *****
Henrik *****
Before deciding to retire in Thailand, make testruns at least 3 month on the available budget, since everyday life can be very different from holiday life.

Which visa / visa excempt to use, is way to early to decide, so long time before, it may change several times in that period.
Jeffrey ************
Jeffrey ************
Be wary of travel insurance time restrictions..
Vicki ********
Vicki ********
@Jeffrey ***********
@Lucy *****************
might be worth checking Nomad travel insurance as they will insure for longer periods.
Gordon *******
Gordon *******
@Jeffrey ***********
Spot on.

My company stipulations are 90 days Maximum then even if I return to UK for 2 days the 90 days starts again.

Very difficult to get more than 90 days Maximum Insurance
Tracey **********
Tracey **********
@Gordon ******
we just got 18 months with Staysure they are brilliant with claims too.
Tracey **********
Tracey **********
@Tim ********
Not sure quite what you mean can you clarify 🤔
Tim *********
Tim *********
@Tracey *********
this sounds line a paid plug!
John *******
John *******
Hope it all works out for you I bet you miss Them both
Damo ***********
Damo ***********
@John ******
How many other kids does she have in other countries? hmm
Rene ********
Rene ********
If you private message me I will steer you in the right direction with this solution that works for you
Henrik *****
Henrik *****
Steer around PM answers, they may be wrong, since it is only 1 persons opinion, or they want to be payed for advise given.

Answers in the open are more thrustworthy, since others will tell if something is wrong,
Rene ********
Rene ********
@Henrik ****
the eternal cynic..... But here goes...... If she can't afford the hefty deposit in a Thai bank for 4 or 5 months, she can simply contact an agent, and there are numerous good ones, who will sort out for a fraction of the price. Good enough?
Henrik *****
Henrik *****
For most nationalities you cannot use the 65.000 baht scheme until year 2, when you have evidence for 12 monthly transfer of 65.000 Baht +.
Roel *********
Roel *********
@Phyllis *******
few money ; 800.000 bath only or
*****
bath monthly income
Phyllis ********
Phyllis ********
@Rene *******
what is the amount of the hefty deposit
Brandon ************
Brandon ************
@Rene *******
Not really necessary if you only want to spend 6 months in Thailand
Henrik *****
Henrik *****
It is excactly that kind of dubious “advise”, that should be avoided.

Going through those kind of more or less illegal loopholes, is very bad advice, and are only for the more adventurous kind of people, and not for law abiding persons.
Dave **********
Dave **********
It's means if you enter Thailand you will get 60 days VISA exempt. You can then extend that by another 30 days (1900 baht) , so giving you 3 months in total ..if you want you can then leave Thailand to neighbouring country and then re- enter getting another 60 days exempt. I'm sure if I'm incorrect, I'll be corrected
Lucy ******************
Lucy ******************
OP
@Dave *********
I have just looked online at the DTV regs , it looks as if it’s for working people ? I will be retired , I want to do everything by the book to minimise problems coming in and out of the country , is there a legal way for me to do this ?
Dave **********
Dave **********
@Lucy *****************
I think I'm correct in saying, if you stay less than 180 days, and just do 1 or 2 visits per year, visa exempt, you're not breaking any laws. After 180 days, you will be liable to tax in Thailand.
David *********
David *********
@Pete ******
isn't that what he said...
Pete *******
Pete *******
@Dave *********
incorrect, you become tax resident after 180 days in country
Lucy ******************
Lucy ******************
OP
@Dave *********
thanks Dave , looking at the Visa examples below , I don’t see how I qualify
Wayne *********
Wayne *********
@Dave *********
you are correct but eventually the IO will start asking questions if a person trys to live in Thailand via the exempt method
Joseph *********
Joseph *********
@Wayne ********
correct on both counts.what about 6montgs Thsiland 6 month south Africa....does that work
Wayne *********
Wayne *********
@Joseph ********
2 x 60 plus 30 each time is 180 days
Joseph *********
Joseph *********
@Wayne ********
that give you 6 month
Wayne *********
Wayne *********
@Joseph ********
no reason it can not work as your only going to enter Thailand 2 times a year

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