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800000 baht rule
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When you apply for an O visa inside Thailand to eventually get the 12 month extension (based on retirement), at what point does the 800k bht need to go into your bank account?
Can somebody confirm how many months before and after retirement visa renewal can the seasoned funds drop to 400,000 before having to return to 800,000 baht
I just got my 1 year extension for my non immigration O retirement visa. I have had the 800,000 baht in my bank account. Can I take some of that money and re-deposit it back into the account the next day or 2. We have a celebration and it’s just for show.
I was wondering about the retirement visa..after you have shown you have the necessary 800,000 baht in the bank..does it have to remain in the bank untouched or can you with withdraw some or all of it if needed..I'd be grateful for some advice as I'm interested in retiring in Thailand
I just gave advice to a mate then thought wouldn't hurt to double check I'm right. For applying for a retirement extension can he combine 2 Thai bank accounts in his name only to make it up to the required 800 thou. ? Cheers
FYI all. I applied for my Retirement Visa extension yesterday and had to return in the afternnon and bring back an older bank book that showed where the 800,000 baht came from. I have 2 accounts, one for the Retirement Visa and another for day to day expeneses. I had transferred the money from one account to another. Even though the 800,000 baht needs seasoning of only 2 months, the funds transferred must appear over the past 12 month period in your bank statements. This was Jomtiem. I hope this is not confusing.
I actually have 2 questions but I’ll start with the first…..
The first is basic i believe: can I apply for a retirement visa in the USA 3 months before turning 50? Or do you have to be 50 prior to turning 50? ( I ask because it’s my understanding that you can apply then go to Thailand and deposit necessary funds into a bank account before an exempt visa entry runs out, or perhaps a tourist visa of some type)……
The second question relates to required funds sitting in a Thai account(I.e. 800kbaht)…..: Does that balance have to stay in there for the year that your using that retirement visa? Or could you then just show deposit of 65,000baht a month into that account and take the first 800k out and re-deposit to country of origin?
I know that sounds crazy let me simplify: If I were to get a retirement visa using 800k method, then start depositing 65000baht a month into the account, could I spend or transfer the initial 800k at my leisure and get the following years retirement visa using the monthly deposit method for verification?
Thanks!
USA passport holder
50 years of age
Embassy doesn’t verify income currently? Correct?
And lastly: how many months must a person have 800k in an account to apply for a visa? Is there a law that says they must maintain that for the duration of their 1 year retirement visa?
extension of retirement visa: Did the rule, how many months after the extension is obtained one should maintain the 800,000 baht balance in bank account? Now it the rules (t.ly/66j0) is to keep 800k for three months after extension. I think last year, the rule was one month only. Do i remember right?
In all cases, went under the 800K after 1.5 months, and the immigration officer is saying 'nope; there is a new rule, and you don't qualify'
This in in phuket. I am a canadian citizen. Thank you for suggestions!!