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Answered8 years ago

What are the steps for renewing a retirement visa in Thailand given the new proof of income rules?

Steve *********
asked Sep 19, 2018
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My extension of stay based on retirement will expire on Sep 30. The new enforcement of the proof of income rule happened too late for me to season money in a bank. So, I intend to start all over again by 1) putting 800,000 baht into a Thai bank account 2) go get a single entry non-O visa which I will later convert into what I have now.

a) Is this still the way it works?

b) I haven't decided between Vientiane and Penang yet but probably the latter because I hate going to Vientiane. What do I need to take?
Answer summary
The user is seeking advice on renewing their retirement visa in Thailand after their extension expires on September 30, amid new proof of income requirements. They plan to deposit 800,000 baht into a Thai bank account and obtain a single entry Non-O visa, which they hope to later convert. They are unsure about the process and what documents they need when traveling to either Vientiane or Penang for this purpose.
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Steve *********
Steve *********
OP
I wish I could, Bob. I'm don't think I'd get very far trying to explain Bitcoin addresses to them.
Steve *********
Steve *********
OP
Oh yeah, Thailand is still an incredibly easy place for a foreigner to live even though the hoops change now and then.
Biff *******
Biff *******
You’re most welcome. Hope you get it sorted out.
Steve *********
Steve *********
OP
Ah, great idea. Thank you, sir :-)
Biff *******
Biff *******
Ah ok. I understand now. So next time you can back up the declaration with bank statements. This time you just need 30 days, so you can go to a border (Mae Sai) and bounce out/in giving you the 30 days you need. If you need a bit more than that then you can extend that 30 day stamp for another 30 days at immigration.
Steve *********
Steve *********
OP
Ah, I see. No, my income last year was exactly what I declared but it's all in crypto. And for the 3rd time now, it's too late to apply. In CM you have to apply at least 30 days in advance.
Biff *******
Biff *******
I thought you were using the declaration of monthly income rather than the cash in a Thai bank for three months. If it’s the 800,000 method then that had to be in Thai baht in a Thai bank account in your name.

If you’re using the stat dec from the us embassy then now, in Chiang Mai, they’re asking for additional documents to back up the declaration. That would be when you show them a bank statement where your monthly income can be seen to match what you declared it to be. Unless, of course, you signed a declaration of monthly income that wasn’t actually true.
Steve *********
Steve *********
OP
@Biff ******
Sure, I could do that today, but it's too late, isn't it? Doesn't the 800,000 have to season for two or three months?
Biff *******
Biff *******
Surely, at some point, your bitcoin is transferred into actual money that you can spend? It must end up in a bank account in order for you to spend it, no? Showing evidence of that happening, along with your declaration, would be enough to satisfy the requirements.
Steve *********
Steve *********
OP
Nah, my agent (and another prominent agency here) say no way.
Bob **********
Bob **********
Since you already have a extension it’s worth a shot with just the letter
Bob **********
Bob **********
Get your income certificate and print out bank statements showing where the money on your income letter comes from and you should have no problem my brother just did it up there
Steve *********
Steve *********
OP
I live in CM and it is happening.
Steve *********
Steve *********
OP
I'm a U.S. citizen

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