What are the requirements for obtaining the BOI Long Term Resident Visa as a wealthy pensioner in Thailand?

BOI Long Term Resident Visa Thailand Visa Application Wealthy Pensioner Visa Veteran’s Compensation FERS Retirement Passive Income Requirements

Mar 27, 2024

8 months ago

Stacey ****************

ORIGINAL POSTER

Anyone had any luck with the BOI Long Term Resident Visa process for “wealthy” pensioner? Specifically anyone with Veteran’s Compensation  and FERS retirement?

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TLDR : Answer Summary

The BOI Long Term Resident Visa for wealthy pensioners requires applicants to demonstrate a minimum of $80,000 USD in passive income, which can be derived from sources such as pensions, investments, dividends, rentals, and royalties. Specific questions about facets such as Veteran’s Compensation or FERS retirement were deemed not relevant to the application process.

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Todd *********

Neither is relevant to the application process. You simply need to demonstrate $80k USD in passive income. Pension, investment, dividends, rentals, royalties etc.

8 months ago

Stacey ****************

ORIGINAL POSTER

@Todd ********

I’ve sent them documents proving $86,000 in pension and another $20,000 in investment. And their asking for more documents 🤦🏻‍♂️

8 months ago

Todd *********

@Stacey ***************

All you needed to send was the $86k pension. That is more than enough.

8 months ago

Stacey ****************

ORIGINAL POSTER

@Todd ********

it’s not that simple. Part is FERs the majority is Veterans benefits which are not taxable and don’t show up on US tax returns

8 months ago

Todd *********

@Stacey ***************

it is indeed that simply. You need to prove to them $80k income by any of the means i mentioned. If your income is non-taxable, the obviously they won't see it on a tax return will they?? They are not going to take your word for it. So you need to supply the statements from FER's in addition to the tax and clearly demonstrate to them the non-taxable portion. It's even easier for them in that case, as long as you supply the correct documents.

8 months ago

Stacey ****************

ORIGINAL POSTER

@Todd ********

we’ll see. Just gun shy from what I’ve been reading. Provided tons of documentation only to have them ask for tax returns.

8 months ago

Todd *********

@Stacey ***************

I have a somewhat similar situation although the origin of the govt pensions are Canadian vice american. They accepted the statements that indicated over $80k quite clearly even with having to do currency exchange rates. They never required tax returns as a result.

8 months ago

Stacey ****************

ORIGINAL POSTER

@Todd ********

I gave them above and beyond what they asked for. I’m frustrated they asked for tax returns which don’t show the full extent as the veterans benefits are not taxable and therefore aren’t on my taxes 🤦🏻‍♂️

8 months ago

Reply to

Stacey ****************

Aake **********

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8 months ago

Stacey ****************

ORIGINAL POSTER

@Aake *********

doesn’t have anything to do with my inquiry

8 months ago

Aake **********