My husband and I are trying to apply to retirement visa . We did already the 30 days extension ( 18/07/23), we opened a bank account in Koh Samui, we bought a house last year in Koh Phangan which will be ready in July / August 2023. We donβt have a leasing agreement with the place that we are staying right now.
Our house will be in the blue book only in August. Any suggestions please how we should proceed?
Thank you in advance πΉπππ.
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TLDR : Answer Summary
The user, along with their husband, is seeking guidance on applying for a retirement visa in Thailand. They have recently extended their stay, opened a bank account in Koh Samui, and are in the process of having a house built, which will not have its blue book until August 2023. Several comments suggest that they need to ensure they have the required funds in a Thai bank account, which should ideally be transferred from abroad. There is also discussion around the implications of not having a rental agreement and the challenges they might face without proper documentation. Participants in the discussion recommend using a visa agent and highlight the importance of meeting financial requirements and managing the TM30 registration process.
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.
I think what you are saying is that you are having a house built and will not have a blue book till its finished? If you bought a house, then its in a company name or will it be leasehold? You will not get a blue book in your name unless its leasehold! Someone can tell me I am wrong! I just bought a condo and have a 12 month extension of stay. Personally, I would forget the retirement visa! If you do not have a blue book or a lease/rental agreement you will find it hard to do anything because you do not have a tm30! Again people can tell me I am wrong!
yes, you are wrong. 1. You can obviously fix that easily with an agent. 2. If you choose to get the retirement via immigration, your company holds the blue book and you register yourself as the occupant for the TM30
I believe that to be the case Graham. It is what I and several friends were doing here on Samui. And it did withstand direct scrutiny from immigration officers during a home visit. Iβm sure there are people here who will know more.
I would love to here from them! The huge question I have in respect of leasehold houses is! If you sign a 30 year lease (keeping in mind that the only enforceable agreement is the one and only one is which is lodged at the land office and signed by the freeholder and leaseholder) do you the lease holder receive a blue book (no i suspect not), In case of a leasehold occupancy, who is responsible for creation of the TM30, the freeholder or the leaseholder?
good question π. I speak Portuguese lol, but I believe is the freeholder. I can sell and rent my house π‘ anytime; however, If I rent it, it will be through the company I bought it from, and they are all responsible for the marketing, contract, etc; for sure I have to pay them a commission. Everything is in the contract. Everything is new for me tooβ¦ I believe the investors are the β bridge β between us : the house owners, and Thai landlord β¦
Which bank opened an account for you on a tourist visa? And what paperwork did you present to them, if you would be so kind.
Cilene ******
ORIGINAL POSTER
Me too lol π, but I went there few weeks ago to check the house, then we went to the bank after .
Colin *******
Cilene, may I ask which branch of BKK you visited as each branch appears to have different 'rules' depending on how much they think they can charge you. I was quoted 16,500 bht only this week, which I declined.
We went to a Bangkok bank, passports, house contract ( Original ), and a letter from immigration which the bank showed us which one was, 500 BHT deposit; then she said she will change our status in the account after we have the retirement visa or O, one of them; I donβt remember now.
I definitely would have a good independent lawyer. Unfortunately not just in Thailand but worldwide I don't trust real estate agents or builders.
Timothy **********
Boarder run and repeat 30 day extension
Steve *******
Your main priority is to bank 800k per person into your Thai bank accounts with proof of transfers from abroad. You can then apply for your Non Imm O visas based on being 50 or over.
is a great agent and keeps your life very simple. Not need to bring in the money and stand around uselessly in wait lines hoping for a positive visa result. A good agent is very good option
not true, you need a proof of residence. I have a retirement visa
Reply to
Michel *************
Reply
Frank-Steven ***********
I would proceed with caution. Though maybe it is a bit late for that already. How did you buy a house if you cannot own the land it is on?
As for changing to Non-O retirement visa, I believe the major requirement would be to have the requested amount of money on that new Thai bank account, showing it came from abroad. But maybe one of the many older fellows in this group can chime in on this one, better.
there are ways and means of buying, owning and selling property and land, on paper (if ever under scrutinization) and in practice, if you understand and are happy with these 'ways and means'. I wouldn't use up my entire life savings if I might need it back in a hurry. I have heard the phrase "only if you can afford to lose it".
I'd be more concerned about the value for money on any '30 year lease' versus 'buying' or 'not buying', and any rules/restrictions about construction/renovation or even simple DIY like changing a light fitting on the property.