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Answered3 years ago

What visa options should I consider as a retired expat in Thailand with a Thai spouse and when should I renew?

Peter ***********
asked Aug 8, 2023
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Hi all I retire in 2 yrs 66 what's best for me would 20 Yr visa or renew every Yr.as married and have a child .
Answer summary
The original poster is looking for advice on whether to choose a long-term visa option such as a 20-year visa or renew yearly, considering their retirement and family situation. Key points discussed include the financial requirements for different visa types, with many suggesting the Non-O visa based on marriage, which requires 400,000 THB in a bank account, or the Non-O retirement visa needing 800,000 THB. Others mention the LTR and Elite visas, weighing their costs and benefits. Many commenters recommend starting with a visa agency for ease and efficiency, and to opt for annual renewals to stay flexible.
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Taz **********
Taz **********
I suggest renew every year

1. Nobody knows how long they will live although everyone hope it to be a long time

2. You never know what changes in the future may change your plans

Health changes, desires change, situation in Thailand changes in the future
Jo **********
Jo **********
there are 2 better options. If you can get it in your country of origin is the 12 month multiple entry visa. This does not require 400,000 in your account. I have a friend who is done this for 4 years. You apply in your country and pay about 175 euro. You need show at least some money in your home country. The only catch it’s only available in some countries. The second option is to get an LTR based on retirement which will require access 80,000

usd of funds monthly
Giacomo ******
Giacomo ******
@Jo *********
… which will require access 80,000 USD of funds monthly. - What does this mean? Monthly income of 80,000 USD?
Jo **********
Jo **********
@Giacomo *****
access to funds monthly they are flexible
Giacomo ******
Giacomo ******
@Jo *********
thank you, clear now.
Jo **********
Jo **********
@Giacomo *****
no it means that you have a source of income from anywhere that adds up to 80,000 USD a year
Giacomo ******
Giacomo ******
@Jo *********
means I need to keep 80KUSD on a bank account at all times?
Ihor ***********
Ihor ***********
I would renew every year or if you have too much money sitting you can move them to your Thailand bank and you must keep
*****
0 bath year around.
Joe **********
Joe **********
At 66 Renew Every Year why give Thailand Free Money
Peter ***********
Peter ***********
OP
Thanks everyone
Phil ******
Phil ******
@Peter **********
Married visa if you still want to work
Brad *******
Brad *******
Might want to hold out making a decision until the new Elite Rules roll out. Rumored to be details being released this week. Cheers
Colin ***************
Colin ***************
Waste of money 💰
Rob **********
Rob **********
I would wait a little bit Peter, there is talk of changes to the requirements concerning the Elite visa program, the OA and Non O visas based on retirement. Just wait to you see what if any changes are made, then re- ask your question then, you still have plenty of time left.
Oliver ********
Oliver ********
For peace of mind, the Elite visa would be the best option. With annual renewals, you would always be at risk of unfavourable major changes to the renewal / extension rules, which is quite likely over time, given that Thailand is still a developing country beset with political instability.
Paul *******
Paul *******
@Chris *****
Yes but they're not going to cut short an existing holders privileges. If someone is on a 20 year elite visa, they're good to go and remain on that even if the rules change.

It's far more likely the rules will change for a standard 1 year extension and applicants be caught out by this (although existing applicants should be grandfathered).
Chris ******
Chris ******
@Oliver *******
that makes the elite a worry.. they will and can change the rules..
Todd *********
Todd *********
@Oliver *******
LTR is basically same 10 year visa at
****
th of the cost if you qualify.
Brett **********
Brett **********
@Oliver *******
by that logic, couldn't the elite visa be cancelled at any time as well?
Oliver ********
Oliver ********
@Brett *********
anything is possible, but visa rules being updated / amended over time is far more likely than the government reneging on existing legal agreements.
Alex *******
Alex *******
@Oliver *******
They would not actually renege on existing legal agreements because in the Elite visa agreement it states that virtually anything can be changed. They have however not done so in the past, apart from recently cutting short upgrade options.
Brett **********
Brett **********
@Oliver *******
o-x would maybe suit him better then
Kool *******
Kool *******
The best, if you are married to a Thai, is the type O extension based on Thai wife. This only takes bt400,000 in your bank account two months before you get it, or renew it, as there are no restrictions on the money other than that, after you get your one year extension stamp. But, there is another much more important reason, if you can. You can work on a marriage extension, and after working for three years, making at least bt40,000 a month, because you're married to a Thai, and with a few other requirements, but if you don't legally work continuously it doesn't matter, you can apply for permanent residency, and not deal with immigration any more, or visas, or 90 day reports, and, because you are married to a Thai you could go directly to applying for citizenship, and then own land, plus a few more good benefits, but, not if you don't work at least three years, and the about two years it takes to complete the process. With any kind of retirement visa extension you can not legally work, so you can never do it. Whether this is considered, or not, your best option is the type O based on Thai wife. Initially there are quite a few documents to get, but as long as you make copies of everything, every year after you only need updated bank letters, and new pictures, everything else is the same, unless you move. It is the best, or on a whole different level, requiring a significantly higher initial cash outlay, and is an investment visa, with at least bt10million in approved financial instruments, and through the BOI.
Giacomo ******
Giacomo ******
@Kool ******
is it easy to open a bank account in Thailand? I guess one have to do this under a Tourist Visa, at least for the first application for the 1 year marriage visa?
David ********
David ********
Brad *******
Brad *******
@Kool ******
thank you. This is great information.
Derek ***********
Derek ***********
@Kool ******
are you serious?
Kool *******
Kool *******
Derek ***********
Derek ***********
@Kool ******
he's retired
Kool *******
Kool *******
@Derek **********
if he is still working he should join the Thai Citizenship group
Derek ***********
Derek ***********
@Kool ******
I wish he would join this group for assistance
Kool *******
Kool *******
@Derek **********
why not? Wasn't he aware?
Derek ***********
Derek ***********
@Kool ******
man, I have a friend who has been married to a Thai for around 50 years and he does not have none of the above that you mentioned.
Brent *******
Brent *******
If you have the funds, over 50s can get the non-O “retirement visa”

800k in the bank or 65k per month coming in monthly.

I think it is 400k per year held in bank with marriage (but not sure)
Paul *******
Paul *******
@Eric ******
Why not get a retirement visa (90 days) from an embassy abroad? Much better than pretending you're a tourist and then trying to deal with visa conversion in country. That stated, an agent can easily help with those things as you've pointed out.
Derek ***********
Derek ***********
@Brent ******
so I have more than 65K THB coming in through my retirement and I'm 61 years old so that's all I need to get the Non-O?
Eric *******
Eric *******
@Derek **********
Don't think too much. Don't waste your time and energy.

I see you meet all the requirements for a no brainer. You're in a perfect position.

Come to Thailand on a 30 days visa exemption (free, no visa) or with a 60 days visa (you can get from the local Thai Embassy in your country) and go RIGHT AWAY to a well established visa agency after arriving (just check facebook and the reviews they get, it will take you 15 min to pick yours, regardless of where you'll reside in Thailand).

Let the agency handle your first Non O visa based on retirement (that's the real name of it, but don't bother). They will do EVERYTHING for you, for a cost of course, and you'll learn everything needed for the whole procedure. They'll also set everything required for you (like a bank account).

So the next year, for the renewal of your Non O visa, you'll already have everything set up, everything in order. You will know all the requirrments and specifics for the visa and do will be able TO DO IT YOURSELF, for no additional cost than the visa itself (1.900 Thb) this time.

Using a visa agent is the best and easiest way to do it for a first timer.

In your position, the Non O visa (that you only get and apply for once HERE IN Thailand) is not only the cheapest, fastest and easiest option, but it's also the only logical one.

Go enjoy your new life.

Take care.
Derek ***********
Derek ***********
@Eric ******
thank you, now that made a lot of sense
Derek ***********
Derek ***********
I'm a US Citizen.
Brian ********
Brian ********
@Derek **********
then you're going to have to go the 800,000 in the bank route.
Graham ******
Graham ******
@Derek **********
Depending on your nationality you may need the 800k in a Thai bank to get your first 12 months extension before switching to the monthly 65k deposit method
Brent *******
Brent *******
@Derek **********
Theres a few more details and paperwork etc etc but basically, yes
Graham ******
Graham ******
@Brent ******
The OP is already on a Non-O
Brent *******
Brent *******
@Graham *****
oh! ??

i just reread his post and I didn’t see that was the case!?🤷‍♂️

I read it as he was asking about elite or marriage visa options for when he retired at 66 in 2 years…..🤷‍♂️

If already on retirement visa why change to elite

❓

I assumed he wasn’t on anything as yet and was looking for options (maybe i missed something🤷‍♂️)
Alan **********
Alan **********
Go on your gut feeling,
Todd *********
Todd *********
If you don't qualify for LTR (best option), annual renewal as married or o/50 is much less costly than 20 year Elite. You can also use an agent to look after it all for you.
Derek ***********
Derek ***********
@Todd ********
I definitely qualify for what they consider a High-income Foreign Retiree.
Todd *********
Todd *********
@Derek **********
That's 100% the way to go then. No other visa comes close. You can ignore all the other info here. That is a 10 year visa for only 50k baht. Unlimited entries. FastTrack at airport. No 90 day reporting. Apply directly online and they promise approval time in 20 business days. Then just show up in Bangkok and pick up your 10 year stamp. Huge win for anyone who qualifies
Todd *********
Todd *********
@Derek **********
haha. Yes - like that
Derek ***********
Derek ***********
@Todd ********
wow sounds sweeter than bear meat
Peter ***********
Peter ***********
OP
@Todd ********
cheers do you know an agent I'm in rayong .been on a o visa
Stephen *******************
Stephen *******************
@Peter **********
I recommend Tik Tok visa in Jomtien

Speak perfect English and are honest straightforward and no bulls*it

They will quote you over the phone and even do a home visit if required 👍
Graham ******
Graham ******
@Peter **********
Why don't you want to maintain your Non-O status by getting the 12 month extensions?
Todd *********
Todd *********
@Peter **********
yes -
@Thai *****************************
runs this page. They are in Bangkok, but can help you from anywhere. If you reach out to them via this link or on Line App, they can answer your questions
Alan *********
Alan *********
All depends on what funds you have in your bank account.
Todd *********
Todd *********
@Alan ********
not much point keeping funds in Thailand at 0.25%. Although the baht has shown some strength in the last year vs USD, CAD and AUD. But not vs Euro

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