What is required for an Income Certificate for a Retirement Visa in Thailand?

Feb 14, 2022
3 years ago
Darren *********
ORIGINAL POSTER
Apologies if this has been covered before but my question is, what constitutes as an Income Certificate (original copy) for a Retirement Visa? The 800k THB deposited in a bank is easy to prove and is currently what I am doing but I also receive income on investments and a monthly fee for consultancy services but paid into a bank account in another country. I currently transfer more than 65k per month into my Bangkok Bank account for monthly expenses from overseas but it’s not from a retirement plan or anything of that nature of which presumably is backed by some form of official paperwork. If I can find a way to show the authorities that I have sufficient non-pension based monthly income (which I have) then I can release the 800k that just sits there doing nothing. Any help or advice appreciated.
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TLDR : Answer Summary
The inquiry seeks clarification on what constitutes an Income Certificate for a Retirement Visa in Thailand, particularly for an individual who has sufficient non-pension-based monthly income coming from overseas. They are currently maintaining the required 800,000 THB in local accounts but prefer to use their overseas investments and consultancy income instead. The conversation suggests that monthly transfers exceeding 65k THB can serve as proof of income and provides instructions on how to obtain necessary bank documentation from Bangkok Bank for visa purposes.
NON-O RETIREMENT VISA RESOURCES / SERVICES
  • Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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Stephen **********
@Darren ********
I really hope someone reads your post properly, gets the point of what you’re actually asking, and replies with the relevant advice 🙏🏼
Darren *********
ORIGINAL POSTER
@Steven **********
so far so good thanks Steven 👍🙏
Kool *******
Okay. You using Bangkok Bank makes it easy, as I use the same bank and now use the monthly income from overseas transfers.

At the main offices of Bangkok Bank on SiLom road go to the counter on the far right in the bottom floor. They will process your confirmation of having a bank account with them, and it takes a few days. When you get this confirmation you take it to the second floor up the escalator and into the first offices on the right and to the first desk. They will gather all your monthly deposit records for the last year, and print them for you. These are what you need at immigration showing all your monthly deposits coming from overseas for the last 12 months. This again takes a few days. The total cost for all this is about bt800. The records you have access to with online banking only covers the last three months, so you can not do it yourself. These two things are what you need. The letter certifying it is your account in your name only, then all these deposit records showing them coming from overseas, and the exchange rate used, and deposit in baht. It is a stack of papers. This is how it is done with Bangkok Bank. Then there is the copies of your bank book and updated on the day you apply. This can be done doing a small withdrawal or deposit then updating your bank book at the ATM machines at immigration.
Darren *********
ORIGINAL POSTER
@Kool ******
that’s great information. My bank branch is Silom Road HO and the Branch Manager there I know personally, so that should make it relatively easier to compile all the information.

I still can’t get over the amount of paper that’s used and the manual processes but that’s another matter!!
Stuart *********
From your profile it appears you’re from the UK. The UK embassy won’t issue income certificates. You either have the option of transferring 65k+ per month from overseas for the past 12 months or showing 800k in the bank 2 months prior to application and 3 months after and the balance not going below 400k for the rest of the year. It would need to be topped back up to 800k 2 months prior to your next application.
Darren *********
ORIGINAL POSTER
@Stuart ********
hi Stuart. Thanks for responding. Yes I am a UK citizen but my income doesn’t come from there, it comes from investments in Hong Kong. I wasn’t aware of the stipulation of the balance not going below 400k for the rest of the year. Is that a big issue do you think? I can indeed show a monthly deposit exceeding 65k for the past few years.
Benjamin ******
@Darren ********
> Yes I am a UK citizen but my income doesn’t come from there, it comes from investments in Hong Kong.

It doesn't matter where the investment comes from, your embassy must issue the letter. The UK does not issue the income letter to the Thai government.

>Is that a big issue do you think?

Yes, it's a huge deal. If your savings goes below 400K THB, your one year extension of stay based on retirement is voided, and you are on overstay.

However, if you have 12 months of 65K THB of income going to Thailand flagged as overseas, you can change your reason from "banked money method" to "income method". You will need a letter from your Thai bank showing the 12 months of 65K THB of income.
Darren *********
ORIGINAL POSTER
@Benjamin *****
ok. Thanks Benjamin. I think I’m ok because I do have evidence of a regular monthly income coming into my Thai account for the last 4 years, from an overseas bank, in access of 65k.
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