Answered2 years ago

What is the correct process for obtaining a retirement visa in Thailand as a New Zealand citizen?

Thailand retirement visa TM30 Thai bank account Non-O visa 800,000 THB deposit health insurance

Tony *******

asked Jan 27, 2025

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Hi guys.👋

So I’ve booked a one way ticket to Phuket late April. I’m well travelled and have been to SE Asia many times.

Planning on a retirement one year visa initially and may buy/start a business there.

So the process order is.

- find accommodation and get TM30

- arrange bank account and deposit 800,000bth

- apply for retirement visa

- this deposit has to be in for 2 months before I can apply.. yes?

- organise health insurance for $100,000us

Therefore as I have 60 days (I’m a kiwi coming for retirement visa, not elite) I have to a boarder run to get another 60 days until my deposit is recognised.

I’m I correct on the methodology ?

Getting a Thai drivers licence will be easy.

Cheers

Answer summary

The user is planning to apply for a retirement one-year visa in Thailand, outlining a sequence of steps including finding accommodation, opening a bank account for an 800,000 THB deposit, applying for the visa, and obtaining health insurance. They seek confirmation on whether the deposit must be in the bank for two months before applying and mention needing to do a border run for an additional 60 days. Commenters clarify that there is no specific time requirement for the deposit for the initial visa application, unless applying in Jomtien, and suggest verifying with the embassy about other document options.

9 repliesnewest first

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Ron ******

Not allowed to work with retirement visa

2 years ago

Tony *******

@Ron *****

who said anything about working?

I can co-own a business.

2 years ago

Ron ******

@Tony ******

active mangement has gotten some folks hung up, usually as result of jealous competitors or disgruntled employees. Best of luck to you

2 years ago

Graham ******

Therre is no seasoning for your 800k for your initial Non-O (except in Jomtien) so no border bounce necessary as long as you can open a bank account in time

2 years ago

Ellie *******

Q. - this deposit has to be in for 2 months before I can apply.. yes?

If you are applying in Phuket, there is no requirement for a specific period your funds in a Thai bank account for the initial Non-O visa based on retirement.

You can apply for a visa a day after you have a deposit in your Thai bank account.

Two months of seasoning is for a 1-year extension after the initial visa for 90 days.

Also, there is no requirement for mandatory insurance for an in-country Non-O regiment visa application.

That plan sounds okay. It depends on how early you have your funds in Thailand whether process goes to smooth or not. Check with your embassy in Thailand if they issue an affidavit of income. If they do, you can use an embassy letter instead of a deposit in a bank account.

2 years ago