Why Foreigners retire in Thailand
The Thai Retirement Visa and retirement in Thailand has become the trend among retiring foreigners. Who are looking for a great retirement destination without having to spend much. Thailand has all the amenities of a retirement paradise. This is the reason foreign retirees flock here every year.
From the warm climate prevalent the whole year to the various exciting retirement locations across the Kingdom. You have a wide array of choices on where to spend your retirement days. Do you fancy the cool, mountainous terrain of the North, the pristine beaches of the South, or the lifestyle in the city? Whatever location you choose to stay, you can expect world-class medical facilities, convenient means of transport. Let’s not forget other facilities that ensure quality and convenient way of life.
Thai Retirement Visa
As for the locals, their charming smiles put you at ease. Their friendliness is world-renowned prompting outsiders to call the country as the Land of Smiles. Their sabai-sabai mindset or the relaxed way of doing things is just perfect for retirees. To enjoy your retirement days. As for the food, Thai cuisine is a global gastronomic favorite. It’s because it is healthy and delicious- just the kind of food you should be eating.
On top of all these, the above comes at an affordable cost. Making your retirement savings in Thailand well spent.
The legal requirement for retiring in Thailand starts with obtaining the appropriate visa. This will be able to stay in the country long term. This is a Non-Immigrant O-A Visa known as Retirement Visa.
To be able to apply for a retirement visa, you have to meet the following requirements. Depending on the required documents that you have completed. You may apply for a retirement visa from the Thai embassy from your home country. This can also come from the Thai Immigration inside the country.
- Age Requirement – The applicant should be 50 years old or older
- Financial Requirement – The following means will complete this.:
(a) A deposit of THB 800,000 in a Thai Bank Account; or
(b) A monthly income/pension of not less than THB 65,000; or
(c) Combination of savings deposit and yearly income
- Police Clearance *
- Medical Certificate *
* required when the visa is applied for directly from the Thai embassy or consulate overseas.
NON-Immigrant O-A or Pre-retirement Visa
You may obtain this on the initial application which is valid for 90 days. This at the Thai Embassy or consulate in his respective home country. Then come to Thailand to arrange for the requirements of the retirement visa i.e. opening a bank account, securing a letter from the embassy, medical certificate, etc. This initial application is the Non O-A visa. Twenty-one days before this expires and upon completion of the retirement requirements. There is the option to convert this into a one-year visa at the Thai Immigration Office in Thailand.
If you are considering retirement in Thailand then below you will find several issues that have been covered on this website. If you need more information then call us or speak to us online. Completing the retirement forms is important as information left out will create a delay in the application process.
To retire in Thailand you need to complete the correct retirement form. This as well as understand why certain details must be provided to Thai immigration during the application process.
You need to ensure that you do not have an illness that is prohibited in Thailand. You would need to ensure that you do not have a criminal record. Should you have a DUI and an American, then speak to us.
These are the retirement forms for Thailand. You will speak to an immigration lawyer in Thailand for more information. There are forms and processes for the retirement visa and it does change. Check if there are changes to the requirements as well as forms for retirement before you apply.
Note the changes to the retirement requirement in Thailand. You will need to speak to an immigration lawyer about these changes and how they might affect you. Below you will find the retirement requirements as well as converting a Thai tourist to a retirement visa.
With retirement in Thailand, you need to meet the minimum financial requirements. This has been set out by Thai immigration. This for a new application or a visa renewal application in Thailand.
This is the process for converting your tourist to a retirement visa in Thailand. The process can become complicated so seek legal advice before you convert your status. Take proper advice when doing this as there is a timeline.
As for the medical, the government worries about illnesses such as late-stage syphilis. Since this creates problems in Thailand. As you know a work permit needs a syphilis check in Thailand. You need to provide a medical certificate from a Thai hospital for this. Our immigration lawyer will assist you with a checklist. This to ensure that you provide all the correct documents and tests for the immigration process.
When you retire in Thailand you need to obtain a medical certificate for your retirement application. See the requirements for the medical certificate acceptable in Thailand. For your application as required by Thai immigration.
To retire in Thailand, you need to obtain a police clearance certificate. These are the basics that you need to understand. There are two options in this regard when applying for a retirement application.
The retirement visa is valid for a year but you can renew it by presenting the same requirements the first time you applied. It’s prudent to replenish the funds in your bank account at least 3 months before your status expires to be able to renew your status. Take note that on the renewal, the deposit term for the funds is 3 months not two months as the case during the first application.
Thai retirement visa for married couple
Retirement holders who have spouses and who would like to stay with them in Thailand. They may be able to obtain a Non-Immigrant O or a Dependent Visa provided that the spouse is not 50 years old or order. Such a spouse is required to obtain retirement status.
Retirement Options (Thai Spouse)
These are the basic requirements for the Thai retirement visa. As noted above you need to be 50 years or older when you apply as they will check that you have met the age requirement. For the financial requirements, you need to prove that you have 800,000 THB in a Thai bank account. You can show an income of 65,000THB per month as well as an option.
This can be a pension and you must get this document from your Embassy in Bangkok. If you do not qualify but you are married to a Thai national then you can apply for a marriage visa. This gives you 12 months in Thailand but with a lower financial requirement.
What you need when you renew your retirement status in Thailand. The process for a new application is as difficult as a renewal as all the documents are the same. Visa renewal needs to completion in time before the existing one expires.
You can apply for a dependent visa if you have an extended one in Thailand. This if you want a foreign dependent who can come and live with you in Thailand. Should you want Thai dependent status then speak to an immigration lawyer in Thailand first.
Long term holders in Thailand like retirement visa holders. You are required to notify the Immigration Office every 90 days with your addresses in Thailand. This can be completed by mail or by personal visit to the Immigration Office. You may enlist the services of a competent person to do this on your behalf through a Power of Attorney. You are not required to report if you are not in the country when the 90-day report is due.
If you plan to travel in and out of Thailand within a year. It’s advised that you obtain a multiple-entry visa. If you plan to stay in Thailand the whole time a single entry will do. But, in case you would need to leave the country for any reason then you would need to apply for a re-entry permit. This at the nearest Immigration Office before leaving the country. This way your status won’t get canceled.
This is another requirement in maintaining your retirement visa. You would need to notify the nearest Immigration office concerning your residence every 90 days. Ensure that you report every 3 months.
As noted you need to apply for a re-entry permit. If you have an extended marriage or extended retirement visa in Thailand. Without the re-entry permit, you will cancel your visa when you return to Thailand.
** Note that retirees are not allowed to work and generate an income in Thailand.
If you have any questions about living in Thailand then speak to us when you apply for your retirement visa. We will be able to assist you with shipping information. The cost of living if you have not retired in Thailand. There are several issues to consider when you retire in Thailand. If you have any questions about living in Thailand then speak to us when you apply for your retirement status. We will be able to assist you. These include but are not limited to the following:
If you are moving to Thailand then it is important to have a Thai bank account. You will need to show that you can meet the requirements of the Thai retirement visa in Thailand. Speak to us about a bank account when you apply for a retirement visa.
If you are going to buy a car while in Thailand. You will need to apply for a driver’s license in Thailand. The procedure can become complicated if you do not understand the application process in Thailand.
Once you have retired in Thailand then it is best to prepare your estate while in Thailand. In the event of an accident where you cannot decide anything for yourself or on your death.
You can consider the option of having a living will be completed in Thailand for you. The living will is not the same as the last will and testament. Speak to us about your options with the living will in Thailand.
Moving to Thailand once you have retired you might need to navigate Thai Customs. If you are going to be bringing in any goods from your home country. This is a basic overview of the immigration process when moving to Thailand.
Thai Retirement Visa Services
When applying for retirement in Thailand it can prove to be a daunting task. This when collecting and following all the required documents and procedures. If you wish to proceed with the application hassle-free. It would be best to enlist the services of a law firm to assist you with the application. Call us today toll-free or speak to us online about your retirement in Thailand.
You can walk into our offices in Bangkok for more information about your retirement plans in Thailand. The visa called a pensioner or retirees visa by many in Asia does change from time to time. So check with a law firm. The pensioner or retirees visa as it is known to many is for retirement in Thailand. Though the pensioner visa or retirees are not the correct names.
Thai Retirement Visa Frequently Asked Questions
What are the requirements for a retirement visa in Thailand?
The requirements for a retirement visa in Thailand is that you have to be 50 years old and hold at least 800,000 THB in a Thai bank account. This retirement visa has to be renewed each year with the same visa requirements. Check also if a retirement letter is obtainable from your Embassy.
Can you work on a retirement visa in Thailand?
No. You can apply for a work permit when you have a retirement visa. Once you leave your employment you would need to start the retirement visa process again. The work permit will cancel the retirement visa. To work in Thailand you will need a work permit even if you are a volunteer.
What is retirement visa in Thailand?
The retirement visa in Thailand means you can live in Thailand for 12 months, however you cannot work or volunteer. You will need to be 50 years old and show 800,000 THB in your Thai bank account which has been there for 3 months before you apply or renew the visa annually.
Can foreigners retire in Thailand?
Yes, foreigners retire in Thailand. In 2010 Thailand was home to 46,279 North Americans as well as 200,564 Europeans. There are many other foreigners who have lived, worked or retired in Thailand. Retired foreigners in Thailand make up the most Western foreign expats in the country.
Where is the Thai retirement visa renewal forms?
You can see the Thai retirement visa renewal forms on this website. You will note that you will need to complete all the sections of the retirement visa form before it is handed in. You will also need to provide your passport as well as a letter from your Thai bank.
Is there a Thai retirement visa for married couple?
These are the requirements for the retirement visa in Thailand, for those who are married to another expat. You will need to have a Non-Immigrant O or a Dependent Visa if you foreign spouse is not 50 years old. If he or she is then they will also have to have their own retirement visa.
Proof of income for Thai retirement visa?
If you you are going to apply fora retirement visa you will need an updated bank book as well as a letter from your bank in Thailand to state that the money has been in your account for the stipulated time. You need to keep your balance above the 800,000THB.