Hello group! I have a question regarding the O-X visa. But first a big thank you to all the knowledgable people here - your advise in invaluable!
I am German , over 50 years old, and interested in the O-X retirement visa, either applying in Germany or with application in Thailand. I read the requirements on both the Frankfurt Consulate page (consulate for my region in Germany) and the Thai government page. They both don't differ much, in particular with the financial requirements. I am still not clear on monetary requirement in year 3 and after of this visa. The relevant information states (on both websites Germany and Thailand) clearly that one needs to have 3 Million THB in a Thai bank account at time of application. It also states on both pages that:
"- Stay permit of the Non-O-X visa holders may be revoked due to following conditions:
1) Foreigners do not have financial evidence as per stipulated by above qualifications such as:
- The sum of money in the bank account is less than 3 million Baht at the end of the first year of stay period in Thailand.
- the sum of money in the bank account is less than 1.5 million Baht at the end of the second year of stay period in Thailand, and/or the money in said account was spent outside Thailand."
My question is what happens after the end of the 2nd year? Do I need to maintain the 1.5 million throughout the validity of the visa?
In other words, what are the requirement for the annual check at immigration after year 3? I was not able to find anything on this, nor any report of someone with this visa. If anyone in this group can shed some light on this, I would be very grateful. Thanks much!