Hello all once you've qualified and got all your Visa stuff in line and you're living in Thailand on a retirement Visa does the $800,000 Thai baht have to stay in the account for the whole duration of the year or does it just have to be in there a couple months before you renew
TLDR : Answer Summary
To maintain a retirement visa in Thailand, you must keep at least 800,000 baht in your Thai bank account for a minimum of two months prior to applying for an extension and three months after receiving it. The account cannot drop below 400,000 baht after the initial period. Many expats suggest switching to a monthly transfer of 65,000 baht as a viable alternative to locking away the lump sum. However, this option can vary depending on individual immigration offices. Health insurance is not uniformly required, but it's advisable to have some form of medical coverage.
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.