What are the requirements and recommendations for applying for a retirement visa in Thailand for expats over 50?

Jan 6, 2023
2 years ago
Mac *******
ORIGINAL POSTER
Hi , hoping your knowledge and experience can help me.

I have read through tons of replies and other posts but just got myself muddled up .

I’m 50 and my husband is 55 , we want to live in Thailand and from what I can gather the retirement visa would be best .

We have the 800k batt for this . Goodness knows how , but we got there and selling what we have to move , as my husbands health is just being ruined by his work . We are just back from a trip to Thailand to make sure is where we to be.

From what I can gather we need health insurance , bank account (which seems tricky ) and a lease .

Any advice ?

would an agent initially be best for the first year to get us through the initial paperwork and hurdles ?

Would one of us be cheaper going as a dependent ?

I appreciate any help you can give .

Its inspiring knowing so many of you have managed to get away from the rat race and give yourself a better life .
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TLDR : Answer Summary
A couple aged 50 and 55 plans to move to Thailand and is interested in the retirement visa, as they meet the financial requirement of having 800,000 Baht. They seek advice on health insurance, bank account issues, and whether to hire an agent for visa application help. Comments provide a detailed step-by-step guide on obtaining the retirement visa, explaining the choice between a Non-O visa and an O-A visa, and clarify options for dependents and health insurance requirements.
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.
Ratie ****
Hi Mac my name is rattiya I work for Asia’s oldest and most established wealth management firms we have a specialist business that deals with over 70 insurers.

Dm me and I can help you from there

Many thanks
Robert ************
You do not need Health Insurance if you follow my instructions, but you DO need Health Insurance if you apply outside the Country for an O-A Retirement Visa.
Ian ********
Can I ask a question, ( the above info is great, thanks)

If I am on an ED visa would I have to leave the country and come back in on an exempt stamp?
Andy **********
Not a visa requirement but make sure you have and can perpetually afford world class healthcare insurance which does not run out as you get older.

This might cost £5000 to £
*****
a year for a couple.
Paul ********
800,000 Each
Zap **********
As both 50+ you each need to apply (no dependent option).
Zap **********
*************************************************************
Helen ********
@Michelle ***********
I think you are right and need to have your Non O prior to entering... at least that's what we were advised to do. I heard rumors that Phuket might allow it but based on your link that is incorrect.
Zap **********
Sorry I was misinformed but do believe you can't do that on in country non O?
Helen ********
@Michelle ***********
we are both over 50 and I am able to be a "trailing spouse" on my husband's retirement extension.
Zap **********
@Helen *******
and what are the financial requirements?
Helen ********
@Michelle ***********
we got the affidavit from our embassy which was based on one income. They also verified our marriage license. I'm not sure how it works if you are doing the banking method.
Nick *******
@Michelle ***********
can I fact check this . I've seen plenty of posts saying trailing spouse is not age specific and is no issue over 50 years 🤔
Zap **********
Where in Thailand do you plan to live?
Mac *******
ORIGINAL POSTER
@Michelle ***********
at present we are going to head out to Jomiten way and base ourselves there for a while .

Then have a better scout around .
Sharon *******
You have the choice of

1 OA visa which you apply for in your home country & requires proof if 800k equivalent each each plus quite specific health insurance. You can show the funds in your home country but they will need to be moved to Thailand before you can extend the OA visa & will need continued health insurance.

2 Coming on an O visa ( or tourist visa which you will later convert to an O) quickly opening & depositing 800k & then applying for retirement extension.

It is possible for 1 of you to hold the visa & 800k & the other to be a dependant but you will need to have your marriage certificate certified & legalized or you will both need a 800k account each.

At most immigration offices you can show 12 monthly international transfers of
*****
instead of the 800k for your annual extension.

A lot of people do find the process confusing & use agents & they do have their uses but it can be costly & sometimes result in non legitimate visas.

Bear in mind that an extension actually costs 1900bt each & if you can open & fund a bank account they really shouldn't be needed.
Sharon *******
@Mac ******
correct, O visa does not require health insurance at least at he moment, its advisable but at least you have more options.

From memory to legalize a UK marriage cert it has to be certified somewhere in Milton Keynes then translated & taken to ministry of foreign affairs in bangkok.

Once mine was certified I did use an agent for the MFA bit as it was cheaper & easier than going to bangkok myself.

Its a while since I did mine but a google search should turn up some information
Mac *******
ORIGINAL POSTER
@Sharon ******
thanks for your reply .

Does that mean if we come on the 2nd option , we do t need the health insurance?

And the certified marriage certificate van that be done in the Uk by a solicitor?

Thanks .
Robert ************
Robert Curtis You do not need Health Insurance if you follow my instructions, but you DO need Health Insurance if you apply outside the Country for an O-A Retirement Visa.
Robert ************
Robert Curtis Just making it clear for Author and other Readers. Thanks. 👍
Mac *******
ORIGINAL POSTER
Robert Curtis thanks that’s very helpful, and cost saving .
Robert ************
@Sharon ******
We pretty much agree. But one clarification needed with respect to your suggestion about the Monthly Income Method. This either requires a Letter from your Embassy certifying same (which is no longer available for USA, UK, and AU); or requires Proof of 12 prior monthly Deposits from foreign source into Thailand Bank Acct,
Robert ************
STEP-BY-STEP DO-IT-YOURSELF INSTRUCTIONS -- APPLYING FOR RETIREMENT STAY AFTER ARRIVAL IN THAILAND (Must be over age 50): i. You may arrive either Visa Exempt (currently 45-days), or on a 60-day Tourist Visa. ii. Then, immediately after your arrival, you must promptly open a Thai Bank Account, and transfer 800,000 Baht into Thai Bank Account (if married, some Immig. Offices like CM, accept Joint Account with 1.6 Mil. Baht. Also Note, that either Passbook Savings or Fixed Deposit is acceptable, but not Investment Account. Finally note, that some Immig. Offices, but not all - e.g. CM, require proof of foreign source of funds. WISE is an inexpensive, easy & reliable service to transfer funds). iii. Then, you apply for a 90-day Non-O Visa at local Thai Immigration Office. If on Visa Exempt, you use Form TM87, if on Tourist Visa TM86. You are required to apply with minimum 15-21 days remaining on permitted Stay, depending on Office (Chiang Mai, requires 21 days). Requirements: TM87 or TM86 (Note: Fear not, only 1-page Form simple to fill out in English with only basic info., name, address, passport info., arrival info, and stated purpose: "For Retirement"), Must be Over Age 50, 2000 Baht, Copy of all relevant pages of Passport (i.e. Facepage, and Entry Stamp); copy of TM30 (that is the required arrival form that is either completed by your Hotel or Condo, or you do yourself at Immig. Office w/i 24 hrs of arrival); copy of proof of residency (Rental Agreement, or Hotel Reservation -- some offices may not allow if only staying at a HOtel); and most importantly proof of the money in Bank (Copy of Bank Book, and a certified Letter from the Bank usually costing 100 Baht). Above is all simple and straightforward, so no need for spending money on a Visa Service. iv. If all docs. in order, Immig. Office will put a Sticker in your Passport that you are "under consideration", and a date to return to pick up your Visa Stamp (prior to your Stay expiration). v. Next, when you have 30 days remaining on the Non-O (and your Bank Money has "seeded" 60 days -- i.e. stayed on deposit), you go back to Immig. Office to apply for the 1-yr Retirement Extension. Requirements.: TM7 (Req. for Extension of Stay); 1900 Baht, and all other same docs. as above (newly updated of course). And, you will receive 1-yr Extension of Stay -- usually same day, if you arrive in morning. Note: For both processes above, your Bank Passbook Balance must be updated same date as application, and the Bank Letter should be no more than 7 days old -- easiest just to do both same day just before going to Immig. Office). vi. Finally, you should/must get a Re-Entry Stamp -- easiest/best to just do immediately after you get your 1-yr. Extension stamp. It can be single Re-Entry for 1000 Baht, or 3800 Baht for unlimited multiple Re-Entry. The Re-Entry Stamp allows you to leave and return to Thailand, without invalidating your 1-yr Extension. If you fail to do that, then your Extension of Stay is nullified, and you must start the process again. (IMPORTANT: If you want or need to leave Thailand while on the initial 90-Day Non-O, same thing -- must get Re-Entry Stamp.). Hope that is all clear.
Jim ********
@Robert ***********
Do you have to use the re-entry permit?
Robert ************
@Jim *******
YES, if you ever want to leave Thailand. If you leave without Re-Entry Permit, your Non-O &/or Extension of Stay is invalidated, and you have to start from scratch.
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