Long term visa

[bumofdabeach]

I see there is a requirement to have 800k baht in a Thai bank and am wondering how long I must maintain this balance in order to obtain this visa. Is it just required for the application process or do I have to show it periodically

 

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[NanLaew]

Two months prior to the initial application for a 1-year retirement extension. Three months prior to all subsequent annual retirement extension renewals.

[jeab1980]

Long term Extension of stay. Initial extension based on retirement 2 months subsequent extensions 3 months.

[ubonjoe]

1 hour ago, bumofdabeach said:

Is it just required for the application process or do I have to show it periodically

Only needed when you apply for the extension. Must be in the bank for 60 days for first application and 3 months after that on the date you apply.

[ChouDoufu]

and to piggyback onto this discussion, i assume

it should not be a problem to invest the 800K

during the 9 months not required for seasoning?

 

could maybe go through a bank and buy mutual

funds or stocks, liquidate 3-1/2 months prior and

put in bank account for 3 months prior to next

annual extension

[jeab1980]

1 hour ago, ChouDoufu said:

and to piggyback onto this discussion, i assume

it should not be a problem to invest the 800K

during the 9 months not required for seasoning?

 

could maybe go through a bank and buy mutual

funds or stocks, liquidate 3-1/2 months prior and

put in bank account for 3 months prior to next

annual extension

In between you can do as you wish but it must be in bank for a full 3mths before extension renewal.

[Aditi Sharma]

Make sure the money is in a bank and not a co-operative. 

[Aditi Sharma]

1 hour ago, ChouDoufu said:

and to piggyback onto this discussion, i assume

it should not be a problem to invest the 800K

during the 9 months not required for seasoning?

 

could maybe go through a bank and buy mutual

funds or stocks, liquidate 3-1/2 months prior and

put in bank account for 3 months prior to next

annual extension

I think the concept of sourcing has not been introduced in Thailand. Seasoning means the money has been in the bank for a certain period of time. I think the authorities dont care where the funds came from.