What are the renewal and reporting requirements for retiring in Thailand with a retirement visa?

@Matthew ********

if you need any more help just send me a DM

@Greta ****

😂😂😂 I'm totally a dog person! Don't like cats....

@Dee **********

Probably ~10 years at 40k per year

@Dee **********

For me it would be twenty five years at, let's say, ฿15,000+ p.a..

@Tobben *******

18 per cent tourism and some from expats. But they are in no way desperate for expats. They don't need to be, they have enough

@Tobben *******

you no need to come live here, it's your own choice

@Pieter *************

Exactly,i have better options !

@Tobben *******

you have to pay in most countries I would think.

@Tobben *******

nothing outside a few tourist areas that had it tough just like everywhere else in the world.

What are you going to say next that its economy is based on tourism? That’s not true either

@Jack *******

Yeah… In fact Thailand will be instantly bankrupted if I don’t have a beer there tonight.

Funnily enough, West-European mostly eat chicken from Thailand, which doesn’t contribute to their economy. With Thai rice, of course, which doesn’t contribute.

And by some funny coincidence my Nikon equipment says “made in Thailand”.

Thailand is very poor. So poor that the Red Bull F1 team, world champions 2023, are owned by those poor Thai people.

[sarcasm off]

Be happy that some regions are actually very poor. Once they are sufficiently self-providing they will be no more girls for them poor Pattayan immigrants to have sex with. 🤣

@Brandon ***********

that would be the first bank anywhere in the world that was even able to show “hourly” balances!

Come on now!!

@Brandon ***********

another way to do it is once you start with an agent, use the 65,000 monthly income or deposit your 800,000

At extension use your agent showing the actual funds in your bank for the previous 12 months

Then next extension do it yourself

It’s not that hard

Only ppl who can’t think outside the box or listen to others saying they will be stuck with an agent

Also, keeping the funds in your own bank in your home country earnings interest, you will earn enough interest at the moment to cover the agents fees for the yearly extension

However if you keep the money in a Thai account you will earn f all interest & when you die 🤔 who gets the funds held in Thailand 🤔🤔🤔

@Taz *********

Thanks Taz. Very helpful.

@Brandon ***********

you only need to keep the 800k in the account if you intend to use that process. If you intend to do the 65k/month then you can remove it immediately. At least that is what I was told and did after it was issued and nothing was said. Mind you I moved about 3 million through my account that year with building, a car and bike etc.

@Richard *******

Then that's just your single immigration office, because as I said, the requirement for an extension using the banked money method is that you keep your balance at 800,000 for 3 months after you receive it and never let it drop below 400,000. That's the requirement for the LAST extension before switching. If you didn't meet those requirements they could technically say you were on overstay as of the day your balance dropped below the required amount, because that was the requirement for you to be allowed in Thailand during the previous year. I've never heard of them doing that to anyone, but have heard of them denying lots of people their next extension for breaking the terms of their previous one.

@Brandon ***********

I was told exactly this by the IO. You must keep your seasoning money in the bank for the required period, or else… No matter which method you intend to use next year.

The way to get rid of shady agents is to already have the seasoning done when applying the 2nd year, and nonetheless use an agent for the 2nd year because they are the only ones who can “prove” seasoning after the first extension.

Then, at your 3rd extension you can demonstrate seasoning with your own account and choose your appropriate funding method.

Basically, once a shady agent, always a shady agent. And pray that they don’t retire in the process.