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What long-stay visa options are available for a retired expat in Phuket with a monthly income of 55,000 Baht?
Visa OptionsLongstay VisaRetirement VisaFinancial RequirementsExpats in ThailandLiving in PhuketNON-O VisaEducation Visa
Mar 6, 2018
8 years ago
Oakley ******
ORIGINAL POSTERAge 53
Retired
55.000 bht pm income
Longstay options ?
Reside Phuket
Retired
55.000 bht pm income
Longstay options ?
Reside Phuket
TLDR : Answer Summary
A 53-year-old retired expat living in Phuket with a monthly income of 55,000 Baht is exploring long-stay visa options. To qualify for a retirement visa, he would need to meet financial requirements which include showing an income from abroad and maintaining a minimum balance in a Thai bank account. Specifically, he could secure a retirement visa by providing a letter from his consulate regarding his income and keeping at least 140,000 Baht in a Thai bank for 60 days before applying. Additionally, he could explore options like the education visa, which does not have the same financial stipulations but requires attending a language school. The conversation highlights the living cost considerations in Phuket and the implications of these visa options.
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.
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Tod *********
You would need to meet the financial requirements to get a yearly extension of stay based on being over 50 (retirement).
Seeing as your income is under the 65K baht a month threshold you would have to use the income / banked money method.
That's where you get a letter from your consulate stating you get the 55K baht a month income from abroad, and then you bank at least 140K baht in a thai bank account for 60 days prior to you applying for a yearly extension (meaning the total income for the year is 800K)
Seeing as your income is under the 65K baht a month threshold you would have to use the income / banked money method.
That's where you get a letter from your consulate stating you get the 55K baht a month income from abroad, and then you bank at least 140K baht in a thai bank account for 60 days prior to you applying for a yearly extension (meaning the total income for the year is 800K)
Oakley ******
ORIGINAL POSTERThanks
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Oakley ******
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Alexandre **********************
Depends. Phuket is expensive thought 4 forgeiners and known for its scams. The only place ive seen worse than phuket is koh samui and ive been in almost all thai islands. Theres better places to live tbh but up to you. If you can avoid being scammed then its more than enough. If can't... well.. just see by yourself.
David ************
You can survive on that solo. But supporting a girlfriend is a different story. I barely Get by with k100,000 a month juggling her in the mix.
Oakley ******
ORIGINAL POSTEROr boyfriend. ..lowers their self esteem and confidence. .the power dynamic will change after a few years. ..just look around you....each to their own. ...
David ************
@Oakley *****
Sorry I should have included boyfriendOakley ******
ORIGINAL POSTERWhy would I want to support a girlfriend
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Oakley ******
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Gisèle ******
Best thread on today's crackbook.
Andrew ******
What about Bit coin?
Samm *****
There are fees with bitcoin. But yes buy some with pounds or whatever and then convert it back
Oakley ******
ORIGINAL POSTERYou tell me what you want to do
I'll advise on how to do it
The rest is up to you
Contrary to belief it's not rocket science
I teach for free
Not charge money for wrong advice
I'll advise on how to do it
The rest is up to you
Contrary to belief it's not rocket science
I teach for free
Not charge money for wrong advice
Andrew ******
@Oak***
, unfortunately I live in Cambodia, but I would love you to get me into shape.... (and when I say love, I mean in a good way not in a gay way).Oakley ******
ORIGINAL POSTER@Andrew *****
...I'm retired nutrition and personal trainer. ..what's your aim ?Andrew ******
Sorry
@Oak***
I have trouble counting to 10 I have no idea, but I need to lose some weight.Oakley ******
ORIGINAL POSTERI've had a smartphone for 3 months
Cyber dinosaur
Do I buy bitcoin with income in UK then sell it for bht here in Thailand
Avoiding charges ?
Cyber dinosaur
Do I buy bitcoin with income in UK then sell it for bht here in Thailand
Avoiding charges ?
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Oakley ******
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Alex *********
55 000 is plenty to live on. Lots of us live on a lot less
Martin *********
55k bht income , from where ? . I mean is that coming via transfer from the uk for example , ? Because that exchange rate could and will change , for better or Worse . Would you have purchased property already ? . Because you’ll need to factor in rental and bills for example .
And regards obtaining the long stay 0-A ( pension) visa , you’ll need to show financial records and apply at the Thai embassy . You do Not need 800k bht in your first year , only when you apply for your first extension, and that’s needs to be in a thai bank for 3 months prior ,and every year there after.
Phuket is also more expensive I’ve found then up country . Imo 55k a month is not a lot to live on , IF you still have to outlay For rent etc .
And regards obtaining the long stay 0-A ( pension) visa , you’ll need to show financial records and apply at the Thai embassy . You do Not need 800k bht in your first year , only when you apply for your first extension, and that’s needs to be in a thai bank for 3 months prior ,and every year there after.
Phuket is also more expensive I’ve found then up country . Imo 55k a month is not a lot to live on , IF you still have to outlay For rent etc .
Steve *******
Martin Howarth. Its 2 months for the first year.
Alex ****
@Oakley *****
so as long as u can come up with the cash/income requirement u can go for the retirement visaOakley ******
ORIGINAL POSTERWhy sell up and give up my income
Cash now
Maintain income
I don't care what happens after I die
Cash now
Maintain income
I don't care what happens after I die
Alex ****
Another note on that: if you remortgaged your properties and u die the next year, you dont need to worry the payment either! 😂😂
David *******
@Alex ***
correct, if not good I would just sell up lol depends if op is 52 or 92. Suspect the companies have some sort of complicated form to fill in with health questions, lifestyle etc and make a call on how much to risk but they dont do it to loose money for sure.Alex ****
@Oakley *****
really depends on how much you will get for the lump sum then but that's off topicOakley ******
ORIGINAL POSTERWhy re mortgage and have repayments ?
I have no dependents so don't need to leave anything when I die
With a lump sum now I can not only reduce my outgoings but also solidify my existence here
I have no dependents so don't need to leave anything when I die
With a lump sum now I can not only reduce my outgoings but also solidify my existence here
David *******
@Oakley *****
why would you do that? Why not as some suggest re mortgage, maybe not all, take out life assurance, then the rent more than covers mortgage and if you die no forfeit of properties. Dont forget you may find nice Thai lady :-)Alex ****
So retirement visa will suit you?
Oakley ******
ORIGINAL POSTER@Alex ***
..I'm looking for a lifetime mortgage where I get a lump sum. .maintain rental income. .but upon death I forfeit the properties..no repayments are necessary I've no dependents so this suits me fine
Alex ****
@Oakley *****
maybe u can remortgage your rental properties and get the cash for your retirement visa requirements as well as living expenses; let your tenants paid off your mortgages.Erik ***********
Income doesnt have to be from within Thailand. Income letter from embassy saying you have an income from overseas is good enogh.
Oakley ******
ORIGINAL POSTERIncome is from 2 properties i rent out in UK
Full equity no mortgage
Single no ex wife no kids
Long term lease in Phuket
Yoga and mma simple lifestyle
I'm well comfortable
Just visa issue
Full equity no mortgage
Single no ex wife no kids
Long term lease in Phuket
Yoga and mma simple lifestyle
I'm well comfortable
Just visa issue
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Oakley ******
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Jim *******
It is illegal, and on this group too,unless for another country.
Jasmine ***********
You can have an ed visa. Don’t need to be hassle with money in the bank.
Roland ********
Yes... Get all your edu visas until the government finally realises that most of the students are fake. Then they will put an end to it which will affect all the legit students. Using an edu visa and not being a proper student is simply illegal.
Jaime *********
Jasmine Kunhawong.
Yes, I know.
I said you don't have to leave.
I didn't say you can't leave.
Yes, I know.
I said you don't have to leave.
I didn't say you can't leave.
Jasmine ***********
@Jim ****
.Actually, you can leave the country when you have ED visa but you need to inform the school in advance to the school will ask you to get re-entry before you can go out and come back with it.Jasmine ***********
actually you can get it at any language school. There are many options about the period of time like 3 months, 6 months or 1 year and also about the price.Important. you need to make sure that you have 1 month left on your recently visa. Pm me if you would like to have more information.
Oakley ******
ORIGINAL POSTERInteresting
Where can I get advice on these education visas. .subjects etc ?
Where can I get advice on these education visas. .subjects etc ?
Jaime *********
No. You do the 90 day report every three months so immigration know where you live. You don't have to leave the country.
Oakley ******
ORIGINAL POSTERBut I still have to exit every 3 months with Ed visa ?
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Oakley ******
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Alex *********
There is way with some agency, but I believe it's illegal
Valère *************************
You'll need an additional 140k in the bank. Fixed and seasoned for 3 month at least.
Steve *******
2 months for the first year
Reply to
Steve *******
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Alex *********
you would need 65 000 per month or 800 000 baht in the bank
Alexandre **********************
^ in a year period Aka 400k on bank + 33k per month income proven. Or get a multi entry visa and take train in and out once every 3 months and visit ur country every 9 months. or get a business visa by investing on some asset here in thailand. For the later one I dont recommend but its still better than the elite visa. At least the money isnt wasted. Or do as they say with the education visa. Not too recommended also for the fact they making it harsher. The best one is really retirement visa followed by multientry/business. Tourist/education you risk being blacklisted for no reason in long term.
As for conversion fees you can lower it to as much as 3÷ if you manage to open a bank acc here in thailand by using a service such as transferwise. cheaper than international bank tranfers and atm withdrawals on forgein accounts.
As for conversion fees you can lower it to as much as 3÷ if you manage to open a bank acc here in thailand by using a service such as transferwise. cheaper than international bank tranfers and atm withdrawals on forgein accounts.
Valère *************************
Or a combination of the two as long as you end up with 800k.
Reply to
Valère *************************
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Don *********
Yeah get married lol only need
*****
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Don *********
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