What should I do after my Letter of Approval from BOI Thailand for my LTR Visa was rejected?

LTR Visa "Wealthy Pensioner":

Retirees aged 50 years and older who have an annual pension or stable passive income

Minimum unearned or passive income* of USD 80,000 / year at the time of application

*unearned or passive income includes, but are not limited to pension, rental, capital gain, dividend, and interest payments

(Note that earned income and salaries WILL NOT be considered for the personal income requirement for wealthy pensioners)

In the case that unearned or passive income is lower than USD 80,000 but not lower than USD , the applicant is required to make additional investments of USD 250,000 combined in Thai government bonds OR direct investment in companies registered in Thailand OR Thai property

Insured under a health insurance covering a minimum of USD 50,000 OR currently receiving social security benefits in Thailand OR deposit and maintain at least USD 100,000 in bank account balance under the applicant’s name for no less than 12 months

Don't want to make assumptions with the Original Post containing very little details and info, but "having bought a villa", then is your pension at least USD $40k/year, but less than USD $80k/year?

Then, that "villa you bought" needs to be at least USD $250k in value.

Otherwise, if your pension is at least USD $80k/year, then no need to buy Thai property beforehand for the purpose of applying for a Thai LTR Visa as a "Wealthy Pensioner".

Also, this "villa that you bought" needs to have heaps of Thai paperwork to be submitted to the Thailand Board of Investment (BOI), if your pension is at least USD $40k/year.

If your pension is less than USD $40k/year, then you don't qualify for this Thai LTR Visa as a "Wealthy Pensioner"

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The two main qualifications to have your LTR Visa to be approved quickly are the following:

1. Retirement income 80k USD or above... You will need a letter from your pension administrator to verify that this income will continue till you leave this earth.

2. Health care insurance...50k USD or more.

Myself and five other colleagues retired from the Honolulu Police Dept used these two criterias to qualify... Remember to apply directly to the BOI site... Good luck.

I love it when people assume we can read their minds with low information questions.

What is an LTV or are talking about an LTR🙈🙈🙈

What the heck is an LTV ? Do you mean an LTR with BOI or a Long Term Visa through a Thai Consulate?

Which LTR? Where did you apply?

As for meeting the requirements, the BOI decides, not you. If you want a discussion on that then you are going to have to reveal more information on that.

I also think you can't use an existing property, you need approval from the BOI

You must apply for the LTR through the BOI BEFORE you apply for the visa. You can't just apply for the LTR visa from the embassy. You have a whole application process you have to go through first, and then get an approval letter from the BOI that you include in your visa application to the embassy.