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Answered4 years ago

What are the requirements for converting a marriage visa to a retirement visa in Thailand?

David ********
asked Oct 26, 2022
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I have been in Thailand for 3 years now (education visa then converted to a marriage visa.)

* Currently I just keep the 400,000 baht in my bank account since when I tried to ask my immigration agent (and the Canadian consulate) I couldn't get a straight answer as to the possibility of just using my monthly foreign deposits rather than the 400K in a bank account, so at renewal time I don't know what they looked at for renewal approval ... I had both 400,000 in my account for the full year and deposits of 65,000 at least each month.

Anyway, what I would like to know is, if for some reason my marriage ends (not expecting it, but had one wife pass away on me unexpectedly already back in Canada) what are the requirements for a converting to a retirement visa?

As I already keep that 400,000 Baht in an account and don't need to touch it, is it possible that I can use the 400K in the account and the rest handled by my monthly deposits that will far more than the 34000 Baht to make up the other 400,000 Baht (but potentially less than 65,000 depending on any bills or emergencies I need to deal with in Canada?)

When reading Thai retirement visa requirements on Thai embassy sites they almost all give the option of Combination (Bank Account + Annual Income = THB 800,000)

That seems pretty clear, but as usual I don't really want to assume that this is for a type O visa, when most of these embassy sites deal with type O-A.

I assume my type O marriage will be converted to a type O retirement (or rather just left as is with new financial requirements) and that I will be able to use the 'combination' option ... but my questions is 'IS THAT A SAFE ASSUMPTION'??

Is the type O handled just like the type O-A in terms of the 'combination' financial requirements?

Thanks
Answer summary
The user is inquiring about the process of converting their marriage visa to a retirement visa in Thailand should their marriage end. They currently maintain the required 400,000 baht in their bank account and receive monthly foreign deposits, questioning whether these monthly deposits can be used in conjunction with their bank balance to meet the financial requirements for the retirement visa. Comment responses clarify the financial requirements, noting that monthly deposits are typically not accepted for Canadians and highlighting the use of a combination of bank deposits and income for visa extensions.
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Steve **********
Steve **********
Has US returned to Income verification from Consulate
Stuart *********
Stuart *********
Steve **********
Steve **********
@Stuart ********
Has Canada been allowed exclusive Consul income cerification.

Years ago US did.
Stuart *********
Stuart *********
@Steve *********
Canada can. US won’t.
Paul *******
Paul *******
Find a good visa agent.stop the drama
David ********
David ********
OP
@Paul ******
any advice on how to tell if you have a 'good visa agent' without the 'drama' of learning about the details of the visa process? ;-)
John-Paul ******
John-Paul ******
@David *******
sure.... what I was trying to say is you could ask them as they really do know the ins and outs of getting things like this done. But sorry any understanding.
Paul *******
Paul *******
David Landrmy just go to Keys visa agent.in pattaya.38k fix all
David ********
David ********
OP
@John-Paul *****
Thanks John-Paul, but as I have stated already I am NOT looking for a good agent, just some answers to some specific questions. Hopefully others who read this thread in the future will be helped by the recommendations, but it is not an answer to my question ... at least not an answer that question that allows me prepare for future eventualities.
John-Paul ******
John-Paul ******
@David *******
contact the admins of this site. I is amazing that no one sees that they area a legitimate agent with good reviews and a proven track record.... yet still ask. TVC just ask them on the Line app or PM them.
David ********
David ********
OP
@Paul ******
thanks for the advice, I appreciate the effort, and if I were in Pattaya and not interested in learning the details I might consider that ... but I was looking for another type of advice :-) thanks.
Gray ******
Gray ******
I have never heard of anyone being successful using a combination. Pick one, lump deposit or monthly transfers.
Graham ******
Graham ******
If you become a widower your current stamp will be honoured then you need to change to retirement.
Greg ********
Greg ********
I'm no expert by my understanding is if the marriage was to end or she was to pass away you can no longer extend on marriage. You can extend on retirement assuming over fifty by parking 800K you only need insurance if it's OA on retirement
Bonnie *******
Bonnie *******
@Greg *******
just put the money in an account. It's the easiest way
Steve *****
Steve *****
@Bonnie ******
I think you just have to have the full 800K or 400K 3 months prior to renewal of stay.
John **********
John **********
@Greg *******
he can park 800k or get an affidavit of income from his embassy. He can't use monthly transfers because his embassy will provide an affidavit
Stuart *********
Stuart *********
As a Canadian you don’t use the monthly deposits requirement. You apply to your embassy for an affidavit of income. That suffices for the financial requirement for extension purposes.
David ********
David ********
OP
@Stuart ********
Thanks Stuart, a couple of final question then (not super important if you don't have an answer as I can always check with the consulate)

1 - do they use gross income or net after taxes? (Gross income is no problem, net would mean that I might have to adjust my retirement plans as to how to use my private pension funds to make sure exchange rates and Canadian withholding tax don't cause an issue in what gets deposited every month ... yes, I could just deposit the 800,000 and be done with it, but i'd prefer to use that for legitimate investing and only transfer it to an 'immigration account' when absolutely necessary!)

2 - Does this mean the bank account deposits or minimum balances no longer apply? Just a yearly update affidavit from the embassy and I'm good to go?

Thanks Again!
Stuart *********
Stuart *********
@David *******
as to point 1 I have no idea.

Point 2 yes. No funds needed to be transferred or balance kept.
David ********
David ********
OP
@Stuart ********
awesome, thank you very much ... when I get there chance I'll check with the consulate on point 1 and update the thread when I find out ... but I suspect it's gross as when I did this for my marriage visa if I recall correctly they used gross (but I didn't bother to make note as it didn't matter what they used I was working then same way over the minimum needed no matter what they used, or the exchange rate!)
Cory **********
Cory **********
@Stuart ********
Envious Canada does the affidavit for income. That should make it simple for him.

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