Retirement visa financial requirement confusion.....so you need 800,000 in the bank PLUS 65,000 per month? Does it change if you want to bring spouse and kids? And then somewhere I read...you need 3 million baht as well. Anyhow can tell me which one is it?
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TLDR : Answer Summary
The financial requirements for a retirement visa in Thailand can be confusing. For the Non-O and Non-OA visas, you can choose either to have 800,000 Baht in a Thai bank account or to have a monthly income of 65,000 Baht for the previous 12 months. While the 800,000 Baht must be maintained in the bank for at least 2 months prior to applying, the 65,000 Baht must be deposited monthly over the last year. Additionally, the Non-OX visa has a higher requirement of 3 million Baht. Spouses can apply for a Non-O visa as trailing spouses, but there are specific conditions for their application.
NON-O RETIREMENT VISA RESOURCES / SERVICES
Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
800k in 2 months before the date you apply for the 1 yr extension. Leave it there for 3 months after, then it CANNOT drop below 400k for the full year. You can switch to the 65k income route BUT in the first year the above rules apply. So you must have 65k transferred into your Thai bank account every month for 12 consecutive months in order to apply for second yr extension. Bank statements must be provided to show your account did not drop below 400k and all deposits were at least 65k to get the second year. Miss a payment or go under 65k or delays due to month ends/ holidays means your second extension will not go ahead
I think 800k in the bank for 3 or 6 months and once 1 year is extended then deposit 65k every month to show bank statement for next year renewal...but yes....i wonder if can use that 65k
No, during your first year ready for your 2nd 12m extension
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Graham ******
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Henrik ****
There are numerous "retirement visas": Non-O (800k), Non-OA (800k), Non-OX (3M), LTR($$$).
John **********
What are you calling a retirement visa? Is it a Non-O or a Non-OA visa?
The financials are the same but the OA has an insurance requirement which I think is where the 3M baht reference comes from.
Your wife can get a Non-O visa as a trailing spouse but she will need to do so outside of Thailand, if you are already in Thailand on a Non-O you need to be on an extension before she can do this. How old are your kids? Will they be going to school?
there are two visas commonly referred to as a retirement visa. One is the non OA, which you typically get in your home country. The OA has an insurance requirement, but you can meet the financial obligations with money with foreign funds in foreign accounts.
The non O requires money in a Thai account. 800,000.
both are commonly referred to as the retirement visa hence my question. You will need insurance to get an annual extension as well as meeting the financial requirements etc. Kids should be able to get ED visas. But are you currently inside Thailand and looking to get an extension or looking to apply for the initial Non-OA in your home country? If the latter you don't need any money in a Thai bank at all, you show funds in your home country
the Non-O has no insurance requirement but does require money in a Thai bank. If you get a Non-O before coming to Thailand get one for your wife/husband and kids at the same time as it's much less hassle than doing it from inside Thailand. When you arrive open a bank account and put 800k in it and when in the last 30 days of your 90 day Non-O visa go and apply for a 12 month extension. Note funds must be in a bank account 2 calendar months before applying for the extension. You should all be able to get matching extensions at the same time.
No, 800k OR 65k per month for the last 12 months. For your initial you can only do the 800k, after a year if you've transferred in 65k a month you can use that method.
, of course, a tax report doesn't show a deposit. If you want to use the deposit method, then it is almost the same in your home country with a bank statement. Here I am talking about the monthly income method. This might be done in your home country with your tax report. If your tax report doesn't show a net 65k per month, then other documents showing this net income should do it. We are talking about getting the initial visa at the Thai Embassy in your home country.