If you are a person over 50 years old and living in Thailand with a non-immigrant retirement visa, are you having problems every year with visa renewel?
The rules state that if a person retired before 1998 they needed to be 60 years old and have an income of 200,000 per year or 20,000bt per month.
If a person retired after 1998 and before 2001 they needed to be over 55 years old and have an income of 500,000bt or 50,000bt per month. After 2001 the person needs to be over 50 years old and have an income of 800,000bt or 65,000bt per month.
These changes to the immigration rules appear to be encouraging more people and younger people to retire in Thailand.
The problem is that without a "grandfather clause" if the rules keep changing how will people be able to change their incomes?
Now imagine a person age 55 years who retired after 1998 and they had an income from UK of 1000 GBP this may have been 65,000bt per month but now with the exchange rate at 48bt =1GBP it would only be 48,000bt
The new rules from 2006 state that the money required 800,000bt needs to be in the bank 3 months prior to the issue of the visa. What happens to the people with income or yearly transfers that are transfered into their banks from abroad at the current exchange rates.
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Are You Retired And Living In Thailand
in Thai Visas, Residency, and Work Permits
Posted
If you are a person over 50 years old and living in Thailand with a non-immigrant retirement visa, are you having problems every year with visa renewel?
The rules state that if a person retired before 1998 they needed to be 60 years old and have an income of 200,000 per year or 20,000bt per month.
If a person retired after 1998 and before 2001 they needed to be over 55 years old and have an income of 500,000bt or 50,000bt per month. After 2001 the person needs to be over 50 years old and have an income of 800,000bt or 65,000bt per month.
These changes to the immigration rules appear to be encouraging more people and younger people to retire in Thailand.
The problem is that without a "grandfather clause" if the rules keep changing how will people be able to change their incomes?
Now imagine a person age 55 years who retired after 1998 and they had an income from UK of 1000 GBP this may have been 65,000bt per month but now with the exchange rate at 48bt =1GBP it would only be 48,000bt
The new rules from 2006 state that the money required 800,000bt needs to be in the bank 3 months prior to the issue of the visa. What happens to the people with income or yearly transfers that are transfered into their banks from abroad at the current exchange rates.