What are the requirements and best strategies for obtaining a retirement visa in Thailand?

Dec 31, 2023
a year ago
Diane **********
ORIGINAL POSTER
Im a bit confused about a few things re retirement visa. It says I must have a thai bank account to pay the security money into, that's fine, but how do I arrange that before I get there with a valid long term visa that allows me to open one?

- another worry is it says I must have a 1 year health cover from my med aid (& turn it into a local one within the year) but my medaid only covers 3 months travel?

& last is a temporary hotel or other address acceptable for the visa & am I free to move once I have the visa ?

Any advice is appreciated, thanx 🙏
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TLDR : Answer Summary
The post expresses confusion about the requirements for obtaining a retirement visa in Thailand, specifically regarding the necessity of a Thai bank account, health insurance, and acceptable addresses. Key advice from the community includes the differences between various retirement visas (O, OA, OX, LTR), the possibility of applying for a visa from a tourist entry, and the challenges of opening a Thai bank account. There are suggestions to use visa agents for assistance and clarification on the types of health insurance required for the visa application.
NON-O RETIREMENT VISA RESOURCES / SERVICES
  • Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
  • For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
  • Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
  • Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
จอนห์ *******
Sabai Sabai, this FB Group is run what I would consider the best Visa Agent in Thailand who will outline your best option. Contact them for taking all the hassle out of your situation.
Wyn **********
Get Non OA in your country get 2 years without having a Thai bank then renew with agent no fuss and open Bangkok bank account. Get 1 year insurance with big deductable if you healthy around 7000bht.Falcon insurance.
Graham *******
come to Thailand and use an agent!
Diane **********
ORIGINAL POSTER
@Graham ******
thanx, it would be easiest but my plan is a forever one & can't risk any problems. I intend to leave south africa for good & close my life here, ( I'm only a perm resident here) move to Thailand until I'm too old or get sick & then return to my home country in EU.
Graham *******
@Diane *********
I suggest you come to Thailand on a low level "reci" mission, make a plan and come back and stick to it. Thats what I did. I bought a condo, opened bank account applied for non o and 12-month extension of stay within 3 days with the help of a realtor/inside job.
Diane **********
ORIGINAL POSTER
@Graham ******
thanx I did think of taking an extended holiday to check things out, make contact with banks etc. An agent is normally not my style, but it seems to be best option & if it worked for you.. maybe for me too..
Graham *******
@Diane *********
Frankly it's an impossible situation you have to break it somehow most people use an agent for everything. I can recommend "mots services" and "tiktok services" (for pattaya) you can find them in FB
Diane **********
ORIGINAL POSTER
@Graham ******
thanx will check it out
Alistair **********
The only difficult part is opening a bank account. You might need an agent to help. You don't require insurance for the in country non o.

Or just use an agent to sort the entire process for you. Probably somewhere between 20-35k.
Jan ************
Laat het regelen door traveldocs hebben ook een goede ziektekosten verzekering
David **********
Go into any visa agencies they charge 32k baht and they do everything it took me just 3 weeks to get my retirement visa but you must have at least 20 days left on your original visa
Bob **********
Non-o no insurance O-A insurance
Stuart ***********
Opening a bank account here is a bit of a catch 22 situation and definitely the most difficult part of the non o retirement visa process. After trying at several banks and branches of the same bank I managed to open one at Bangkok bank, but you need a letter from immigration to achieve this, if it is still possible. If not this would be worth paying an agent to arrange as I understand they charge about 3,000 baht for this service and you are not tied into anything for future years.

If you get the
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day tourist visa in advance before you travel, you have plenty of time to organise everything.

I believe a 6 month lease is required to obtain the non o visa, so you can also look around for a rental place in the first 60 days of your stay. Ensure that when you rent a place the contract has a copy of the owners ID card and their "blue book" proof of ownership of the property.

Good luck.
Lyndon ************
You can apply for the non-o retirement in Thailand from a tourist visa entry or visa exempt entry. It needs renewing annually, no need to leave the country. No mandatory insurance cover. 1900THB per year after the initial 90 day non-o 2000THB.

Opening a bank account is the biggest challenge. It's easier if you arrive on a non-o visa or non-oa however it's not impossible on a tourist visa or visa exempt. It's all down to the branch manager of that branch. Many people employ an agent to complete this step.

Note, if you come with the non-oa 90 day, you can't change that in Thailand to a non-o and you'll need to pay the mandatory insurance for every further extension.

Another option to consider is using a visa agent for the whole thing, although choose your agent wisely. Be aware if you start down that track, you'll probably be stuck with that agent for each extension, 20-30kTHB per year but no money needed in the bank.
Charles **********
I recently documented, on my Travel Blog, the process as it applies in the United Arab Emirates. You may find some useful tips there as the process should be similar around the world. Good Luck 🇹🇭🙏🏻
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Todd *********
@Charles *********
great… if you had absolutely not a clue how this works. And don’t qualify for LTR or O-X visa.

Overall - easier to do in Thailand
Michael ******
It depends on your whereabouts, but for me it was easier to get a 1year Non O A Visa from the Thai Embassy. Another advantage is that you can get two years out of this visa (just cross the border and return before the expiry date).
Diane **********
ORIGINAL POSTER
@Todd ********
thought there is for retirees & luckily I have a non SA passport
John **********
@Diane *********
do you have permanent residence rights in South Africa? If not you will most likely be unable to apply for anything other than a tourist visa or a 90 day Non-O visa.
Diane **********
ORIGINAL POSTER
@Michael *****
thanx that might solve a few things but I'm looking at the 5 year visa straight off. I'm too old for visa runs & lazy for admin 😉
Michael *******
@Diane *********
go for the Thailand Elite Visa they have a 5 year option, a bit pricey but you save on lots of worry and paperwork
Todd *********
@Michael ******
TE is a good back up if you can’t qualify for LTR. But you are paying a LOT for a much lesser visa with TE
Todd *********
@Diane *********
there is no 5 year visa unfortunately… O-X visa but is not for South Africans.
Neil ********
@Todd ********
I have OX and you still end up doing 90 reporting etc but you can open a bank account with it if you have a permanent address (not hotel). Then you should transfer money within 1 year to the account as they like you to report annually. Better to go for a visa that requires the least in a bank account as you don’t really want that much cash tied up doing nothing, especially if the baht weakens.
Todd *********
@Neil *******
agreed. No point at all tying up 800k and losing all the interest money. And yes- especially if baht is weakening
Stuart *********
@Michael *****
As long as you have medical coverage for that period. You’ll get a stamp for one year or until your medical insurance finishes whichever is the shorter.
Michael ******
Maybe I was just lucky but 6 years ago at the Sadao border they just stamped me in without looking for anything but the original visa. Of course I had insurance as I think it is absolutely necessary for an expat in Thailand.
Claude *******
@Michael *****
6 years ago no need medical insurance for visa 😉
Michael ******
@Claude ******
I had to show it at the Thai Embassy.
Diane **********
ORIGINAL POSTER
@Michael *****
that's the problem, the embassy (visa) requires a 1 year cover, but discovery medaid only gives 3 months... ☹ would they accept the 3 months & as soon as I'm in thailand get a local one & show them?

I can't get insurance until I have the visa & I can't get a visa if I don't have insurance 🙃

As said I'm confused 😄
Robert **********
@Diane *********
what is med aid?
Diane **********
ORIGINAL POSTER
@Robert *********
a health insurance by your terms
Robert **********
Diane **********
ORIGINAL POSTER
@Robert *********
👍same same, but different 😉
Michael ******
Sorry, I can't say for sure. From my experience many Immigration offices make their own rules (sometimes even to your advantage), so it will most probably be up to your Immigration officer. But maybe you can try to get an Asian insurance from your home country. Pacific Prime or another renowned company might do it.
Diane **********
ORIGINAL POSTER
@Stuart ********
oh OK 👍 that's not great.

Is there an option to submit new documents as soon as I change over to a local med aid? the 5 year visa I'm interested in says medaid must be valid for 1 year & then prove local med aid after 1 year??
John **********
@Diane *********
I think your confusing things with the medaid terminology. Medaid is not suitable cover for a one year visa (nor a 5 year one), and there's certainly no medaid available in Thailand. You need to use one of the insurance options that meets the requirements for the visa you are applying for
Diane **********
ORIGINAL POSTER
@John *********
OK, sorry for wrong wording. Of course i mean health insurance that they have in Thailand

in general a health insurance is called a medical aid where I live & ' the real health insurances here are designed as gap cover or extras like travel only. Its my med aid ( private) that issues the required travel/ health insurance (3 mths only, ) has my medical history insures me for health issues. Hence my wording 😉
John **********
@Diane *********
just wanted to clarify. Travel insurance will not meeting the requirements of these visas. You need actual health insurance. Whatever health insurance you use has to issue a certificate and it's much easier to use an "approved" company although you can use an overseas company if they will sign the certificate. I also think you no longer need COVID insurance but the sum insured requirement has risen to 100k USD although every embassy pretty much does their own thing so you need to check with them

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Diane **********
ORIGINAL POSTER
@John *********
thanx for that, but ... my local health insurance is only valid in this country, as soon as i travel it becomes a travel insurance as an added benefit & when i leave for good it's canceled. Surely the visa conditions just want me to be insured for health so that my bills are paid in case I need it.
John **********
@Diane *********
will your local insurer sign the certificate for you? I think that's the important thing. But also you need to check the level of cover required with your local Thai embassy
Justin ********
I put my feet on the ground first and have been working my way towards the retirement Visa. You can get
*****
days with another 30 day extention. If that isn't enough you can do border runs.
Steve ************
adjective. Definition of adamant. as in stubborn. sticking to an opinion, purpose, or course of action in spite of reason, arguments, or persuasion remained adamant about getting the actor's autograph even after he had disappeared backstage.
Diane **********
ORIGINAL POSTER
@Steve ***********
yes that's me... stubborn. You would be amazed how much can be achieved with that & I would have followed the actor backstage & got my autograph 😉. But I have listened to the comments well & after reading a lot & especially the Siam legal website I might have to find a special way to achieve what I would like...
Diane **********
ORIGINAL POSTER
@Justin *******
thanx but not for me.. I'm adamant that I can get a full 5 year visa, finances/ passport are 👍 I spent 2 years in Thailand in them days & had to do the boarder run every 3 months. Kho Chang to Malaysia, Cambodian boarder wasn't really a thing in those days although it was a lot closer..

But I'll speak to the Thai embassy to clarify what my chances are...
Graham ******
Are you applying for a Non-OA or Non-O and, if the latter, from inside or outside Thailand?
Steve ********
There are four different "retirement" visas in Thailand. Each have different criteria. OA for example doesn't require money to be placed into a Thai bank account. Suggest you research on your country's Thai embassy website the "O" "OA" "OX" and "LTR" so you get a good understanding of what's available
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