He is coming as a retiree. The pensioner LTR is about as simple as it gets. A couple of tax returns, proof of insurance, and some copies of your passport. I got my pensioner LTR in January. The BOI office in Bangkok is incredibly helpful. I don’t know about the details of applying for an LTR from overseas though.
I got my pensioner LTR. In January based on a pension. It is interesting to see that someone has had success with other passive income. Congratulations
You have to reapply after five years but there is no additional fee. You do have to check in at one year if you haven’t left the country. I’m not sure what is involved with that since it hasn’t been one year yet. Still it is a lot less involvement with immigration that any other visa.
There are 4 categories of LTR. The pensioner LTR requires an $80,000/yr pension income. There is also an option for a lower income + investment but I don’t know the details. It is all on the Board of Investment website. My point was just to make people aware of the option.
If anyone is paying an agent then the LTR becomes a better deal or at least a wash. I never used an agent for my OA extensions so it’s a legitimate question to me about the money which I’ve already answered.
Brook Powers You are suggesting to pay 20,000 baht over 10 years? That’s literate? The LTR IS $90/yr more expensive than yearly extensions and that, to me, is well worth the convenience. Those that qualify for an LTR can easily afford $90 extra per year.
Richard Reitman I plan to be around for the full 10 years. It works out to be about 2x more expensive than my OA yearly extensions. There is no money in the bank requirement so I got access to my 800,000 baht. There is no 90 day reporting which to my surprise is really quite nice. At least it makes some sense for those of us over 50. The Elite visa makes no sense to me for retirees though, as I mentioned, I know wealthy retirees that have it with no regrets.
I am married but the hassle of marriage extensions vs retirement extension wasn’t worth it to me. I paid the 50,000 baht and if I die tomorrow what do I care? I easily met the LTR requirements and it was incredibly easy to apply for it. I’m quite happy with it 6 months later. It’s new since last September so I like to make people aware of it as an option.
I got a 10 year pensioner LTR (Long Term Resident) visa this past January. It is 50,000 baht for 10 years. I had previously been on an OA visa. It is not too expensive but requires an $80,000/year pension income.