Later when you apply for a one year extension inside Thailand then the money must be in a Thai bank.

@Dave *******

Same with me at the US Citizen Services office

@Ross ******

You get an OA in your home country. You do not use an agent. You do not pay an agent fee. Look at the OA requirements on the Thai embassy website for your country.

@Mark ***********

Also you can satisfy the health insurance requirement with $100,000 in your home country bank.

@Beverly *********

Once you start to get 1 year extensions of your OA visa inside Thailand the money must be in a Thai bank account. If you want to return to your home country every year or two to apply for a new OA then you can continue to use money in your home country bank accounts.

I had an OA visa. These days I would avoid the OA because of the insurance requirement. If you can get an O visa in the US then that is what I would recommend. If you can’t get an O visa in the US then you can get it in Thailand while you are here on a tourist entry.

It is pre-tax passive income. What they accept as passive income is something you will have to ask the BOI. You can apply online and present your various passive income sources. Once they start working on your application they will ask questions. There is no fee until your application is accepted.

I have a pensioner LTR. The way they word it is that you are not taxed on any money brought into Thailand. Federal US pensions are tax exempt by the dual tax treaty. I do plan on filing a tax return for the first time. Once I see how it works for LTR visas then I will better know what to do in subsequent years.

Surprisingly I really like not doing 90 day reports.

The cost over 10 years was about the same as my OA visa depending on how you look at it.

There is a health insurance requirement. The insurance requirement didn’t affect me because I already had Thai insurance for my OA visa. It’s something to consider

@David ******

50,000 baht for 10 years

@กาเลน ****

Thai banks will provide a statement. I just got a year statement from Bangkok Bank a couple of days ago.