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What is the correct order of obtaining a Thai bank account and retirement visa when buying property in Thailand?
Apr 28, 2025
22 days ago
Mindy *****
ORIGINAL POSTERTLDR : Answer Summary
When looking to purchase a house or condominium in Thailand, there is some confusion about whether you need to establish a Thai bank account before obtaining a retirement visa. According to community responses, while it is not strictly necessary to have a Thai bank account to purchase property, having one can facilitate the visa application process and make transactions smoother. Some users recommend applying for a non-O visa in your home country, opening a Thai bank account after arrival, and then applying for a 12-month extension based on retirement. It is confirmed that funds for foreigner quotas in condominiums must come from overseas accounts. Additionally, it is noted that foreigners cannot own land outright in Thailand, only the property itself.
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.
