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Answered3 years ago

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

Stacey ****************
asked Mar 27, 2024
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Anyone had any luck with the BOI Long Term Resident Visa process for “wealthy” pensioner? Specifically anyone with Veteran’s Compensation and FERS retirement?
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 *********
Todd *********
Neither is relevant to the application process. You simply need to demonstrate $80k USD in passive income. Pension, investment, dividends, rentals, royalties etc.
Stacey ****************
Stacey ****************
OP
@Todd ********
I’ve sent them documents proving $86,000 in pension and another $20,000 in investment. And their asking for more documents 🤦🏻‍♂️
Todd *********
Todd *********
@Stacey ***************
All you needed to send was the $86k pension. That is more than enough.
Stacey ****************
Stacey ****************
OP
@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 🤦🏻‍♂️
Todd *********
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.
Stacey ****************
Stacey ****************
OP
@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.
Todd *********
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.
Stacey ****************
Stacey ****************
OP
@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
Aake **********
Aake **********
***********************************************************
Stacey ****************
Stacey ****************
OP
@Aake *********
doesn’t have anything to do with my inquiry
Aake **********

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