Expat2be Posted February 12, 2018 Share Posted February 12, 2018 I am considering Thailand for my first 5 years of retirement beginning in 2020. My understanding is the path of least resistance depositing 800k and avoid reporting pensions etc. I also intend to but a condo before 2020. Any advice or experience on the ease of obtaining.a retirement visa in this situation. Is it worth having a Thai lawyer work with me? Link to comment Share on other sites More sharing options...
Phuket Man Posted February 12, 2018 Share Posted February 12, 2018 You don't need a lawyer. It is really simple to do. 800,000 Baht in a Thai bank deposited 60 days before application. You can even get a Non Imm O-A Visa in your own country with money in your local bank if you wish. Link to comment Share on other sites More sharing options...
Lamkyong Posted February 12, 2018 Share Posted February 12, 2018 and avoid reporting pensions etc.??please tell your reasoning behind this Link to comment Share on other sites More sharing options...
stevenl Posted February 12, 2018 Share Posted February 12, 2018 42 minutes ago, Lamkyong said: and avoid reporting pensions etc.??please tell your reasoning behind this I think he is referring to extension based on money in the bank rather than income. 1 Link to comment Share on other sites More sharing options...
HampiK Posted February 12, 2018 Share Posted February 12, 2018 If you want do your stay based on Retirement (you are older than 50 years), then it's really easy. I just have done my first extension based on marriage. And based on Retirenment is easier to do. I also was scared and had a lot of questions. But after I have done it, I know it's not that scary. I bought my condo without as visa a few years back. For a condo buy you only need to prove that your money is coming from outside the country with a FET form. 1 Link to comment Share on other sites More sharing options...
Popular Post elviajero Posted February 12, 2018 Popular Post Share Posted February 12, 2018 Each to their own, but I think it’s better to use income rather than tie up 800K in a Thai bank for 2/3 months. 6 1 1 Link to comment Share on other sites More sharing options...
Expat2be Posted February 12, 2018 Author Share Posted February 12, 2018 2 hours ago, Lamkyong said: and avoid reporting pensions etc.??please tell your reasoning behind this I heard it was a hastle. But from the sounds of it it’s not an issue. I too would rather not tie up funds unnecessarily. Link to comment Share on other sites More sharing options...
Expat2be Posted February 12, 2018 Author Share Posted February 12, 2018 22 minutes ago, elviajero said: Each to their own, but I think it’s better to use income rather than tie up 800K in a Thai bank for 2/3 months. Me too. I had heard it complicated the process but by the sounds of it it’s worth doing I have course would not want to tie up the money if I don’t need to Thanks for the feedback Link to comment Share on other sites More sharing options...
Popular Post Tanoshi Posted February 12, 2018 Popular Post Share Posted February 12, 2018 54 minutes ago, elviajero said: Each to their own, but I think it’s better to use income rather than tie up 800K in a Thai bank for 2/3 months. Agree, but if you've 800K you don't use, why not put it in a Thai bank that pays better interest rates and save £50 on a letter to prove you have sufficient finances.......each to their own as you say. 3 Link to comment Share on other sites More sharing options...
OJAS Posted February 12, 2018 Share Posted February 12, 2018 (edited) 2 hours ago, Tanoshi said: Agree, but if you've 800K you don't use, why not put it in a Thai bank that pays better interest rates and save £50 on a letter to prove you have sufficient finances.......each to their own as you say. But if you're going to deposit 800k in a Thai bank for any length of time you'd be strongly advised IMHO to make out a Thai will - not an issue, of course, if there are any other reasons why you would need such a will, but a matter of personal judgement, I think, as to whether or not making out a will in Thailand solely to cover an 800k deposit for retirement extension purposes would be justified. Edited February 12, 2018 by OJAS 2 Link to comment Share on other sites More sharing options...
Kadilo Posted February 12, 2018 Share Posted February 12, 2018 Each to their own, but I think it’s better to use income rather than tie up 800K in a Thai bank for 2/3 months.Can you tell me how you obtain the income/pension letter from the Embassy. Is it by post? Or can you still go in person. Have you any links to the department etc Cheers. Sent from my iPad using Thailand Forum - Thaivisa mobile app 1 Link to comment Share on other sites More sharing options...
elviajero Posted February 12, 2018 Share Posted February 12, 2018 36 minutes ago, Kadilo said: Can you tell me how you obtain the income/pension letter from the Embassy. Is it by post? Or can you still go in person. Have you any links to the department etc Cheers. Sent from my iPad using Thailand Forum - Thaivisa mobile app Which countries embassy? Link to comment Share on other sites More sharing options...
Kadilo Posted February 12, 2018 Share Posted February 12, 2018 1 hour ago, elviajero said: Which countries embassy? British. Link to comment Share on other sites More sharing options...
elviajero Posted February 12, 2018 Share Posted February 12, 2018 10 minutes ago, Kadilo said: British. Easy obtained by post. https://www.gov.uk/government/publications/how-to-obtain-a-pensionincome-letter-for-thai-immigration 1 Link to comment Share on other sites More sharing options...
Kadilo Posted February 12, 2018 Share Posted February 12, 2018 (edited) 10 minutes ago, elviajero said: Easy obtained by post. https://www.gov.uk/government/publications/how-to-obtain-a-pensionincome-letter-for-thai-immigration Many thanks, you're an absolute gentleman. Thanks for your help much appreciated. Edited February 12, 2018 by Kadilo 1 Link to comment Share on other sites More sharing options...
Phuket Man Posted February 13, 2018 Share Posted February 13, 2018 5 hours ago, Kadilo said: Many thanks, you're an absolute gentleman. Thanks for your help much appreciated. You can apply by E Mail if you wish. 2 Link to comment Share on other sites More sharing options...
Popular Post yooper Posted February 13, 2018 Popular Post Share Posted February 13, 2018 Why buy a condo? Long-term (6 month) leases can provide wonderful living spaces at very low cost with the flexibility to change locations if you discover factors that don't meet your expectations.... for instance have you checked out the latest discussions/info on air pollution? By 2020 you may not be able to see across the street if you live in or even near any metro area. If you have any respiratory issues you may need to stay indoors, permanently. 3 Link to comment Share on other sites More sharing options...
Kadilo Posted February 13, 2018 Share Posted February 13, 2018 3 hours ago, Phuket Man said: You can apply by E Mail if you wish. I take it you can just scan your documents and credit card payment form and that it is acceptable to them. Link to comment Share on other sites More sharing options...
MJCM Posted February 13, 2018 Share Posted February 13, 2018 I heard it was a hastle. But from the sounds of it it’s not an issue. I too would rather not tie up funds unnecessarily. But 1 thing !! Don't forget to put the money back a couple of months before (3+) your going to renew the retirement visa, else you will have to start over again. I personally leave the money (now well over 800k) in a Fixed Deposit account and don't have to worry about it. And note I am currently on Marriage Extension (that one only requires 400k required in Bank account ) 1 Link to comment Share on other sites More sharing options...
elviajero Posted February 13, 2018 Share Posted February 13, 2018 55 minutes ago, Kadilo said: I take it you can just scan your documents and credit card payment form and that it is acceptable to them. Yes. 1 Link to comment Share on other sites More sharing options...
Kadilo Posted February 13, 2018 Share Posted February 13, 2018 54 minutes ago, elviajero said: Yes. Cheers Link to comment Share on other sites More sharing options...
Kadilo Posted February 13, 2018 Share Posted February 13, 2018 58 minutes ago, elviajero said: Yes. Apologies for the dumb questions but if i were to apply by post will they send back to the UK or does it have to be posted to an address in Thailand? Link to comment Share on other sites More sharing options...
ubonjoe Posted February 13, 2018 Share Posted February 13, 2018 6 minutes ago, Kadilo said: Apologies for the dumb questions but if i were to apply by post will they send back to the UK or does it have to be posted to an address in Thailand? I don't think they would send it to the UK since it is meant to be used at immigration here. If they agreed to send it to the UK you would have to asked them how much the postage would be so that you could include it with your payment. 1 Link to comment Share on other sites More sharing options...
Popular Post thaipo7 Posted February 13, 2018 Popular Post Share Posted February 13, 2018 What country are you from? I am an American and have been living here for 10 years on a Retirement Visa. No problems and I do not have the 800,000 Baht in a bank. Once a year I go to the US Embassy with a from filled out from online and say I have monthly retirement income of $XXXX per month. This is notarized and I go to Thai Immigration with the notarized paper and fill out their paperwork and I am set for another year. If you are not married, you will probably fill out different papers than I do. 3 Link to comment Share on other sites More sharing options...
phuketrichard Posted February 13, 2018 Share Posted February 13, 2018 18 hours ago, Expat2be said: I heard it was a hastle. But from the sounds of it it’s not an issue. I too would rather not tie up funds unnecessarily. I use combo method,very easy 1 Link to comment Share on other sites More sharing options...
SFO2BKK Posted February 13, 2018 Share Posted February 13, 2018 I am also American, unmarried, and came here without a visa. It was easy to get an extension based on retirement with an income letter from the embassy even after I was already here. As easy as the previous poster who is married. No money in the bank here as I also do not want my money tied up in a Thai bank account. No worries! 1 Link to comment Share on other sites More sharing options...
Lite Beer Posted February 13, 2018 Share Posted February 13, 2018 13 minutes ago, SFO2BKK said: I am also American, unmarried, and came here without a visa. It was easy to get an extension based on retirement with an income letter from the embassy even after I was already here. As easy as the previous poster who is married. No money in the bank here as I also do not want my money tied up in a Thai bank account. No worries! That's OK if you are American. You don't have to provide proof of income. 1 Link to comment Share on other sites More sharing options...
chicowoodduck Posted February 13, 2018 Share Posted February 13, 2018 As I do not trust any Thai bank, have done the income letter from my Embassy since 2004.....easy peasy......??? 2 Link to comment Share on other sites More sharing options...
MJCM Posted February 13, 2018 Share Posted February 13, 2018 (edited) 42 minutes ago, chicowoodduck said: As I do not trust any Thai bank, have done the income letter from my Embassy since 2004.....easy peasy......[emoji39][emoji106][emoji106] Good for you, but one question though for @ubonjoe Would the (same) income (currently 65k THB per month) be honored when immigration up the requirements (grand father rule) of the money required? Edited February 13, 2018 by MJCM Link to comment Share on other sites More sharing options...
ubonjoe Posted February 13, 2018 Share Posted February 13, 2018 10 minutes ago, MJCM said: Would the (same) income (currently 65k THB per month) be honored when immigration up the requirements (grand father rule) of the money required? I cannot predict what they would do this time if they raised the requirements. The last time they did it had a cutoff date for those grandfathered (1998) with different requirements based upon age on that date. 1 Link to comment Share on other sites More sharing options...
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