Meeting the Financial Requirements for a Retirement Visa

[carvets]

I am looking at moving to Thailand and while reading the financial requirements on the Thai Embassy.com page there are 3 options . My question is about the last option .  If one has say a pension that provides , for example , 500,00 THB / year  in your home country , representing annual income , then are you only required to have a Thai Bank acc with a regular balance of 300,000 ? 

 

Financial Requirements are as follows:

• Thai Bank Account showing THB 800,000 or
• Monthly income of at least THB 65,000 (income affidavit from your embassy in Bangkok) or
• Combination (Bank Account + Annual Income = THB 800,000)

[ubonjoe]

Be aware that is not a official website and it can have some out of date or incorrect info on it. This is on the bottom its home page. 

 

Whether you can get proof of income from your embassy deepens upon you nationality. Starting in 2019 the UK, US, Australia  and others no longer issue it.

If from one of those countries you will have to prove your income by way of transfers from abroad into a Thai bank for 12 months at most immigration offices

The combination option requires the money in the bank to apply for a extension of stay (it is not a visa) requires the funds to be in Thai bank for 2 months on the day you apply.

You may find that some immigration offices will not accept the income option to do your extension.

 

[carvets]

6 minutes ago, ubonjoe said:

Be aware that is not a official website and it can have some out of date or incorrect info on it. This is on the bottom its home page. 

 

 

 

Oh i didn't see that little caveat at the bottom . I am from one of those countries and i do remember now seeing some info about them not providing the POI any more . So the simple option looks like #1 . #3 looks much more complicated and risky  . Thanks.

 

[DrJack54]

4 minutes ago, carvets said:

So the simple option looks like #1 . #3 looks much more complicated and risky

#1 is simple and bullet proof.

Some folk simply lock away 800k and keep it in dedicated bank account.

#3 some immigration offices do not accept combination method. 

[sandyf]

6 hours ago, carvets said:

I am looking at moving to Thailand and while reading the financial requirements on the Thai Embassy.com page there are 3 options

You talk about moving to Thailand,  so you will require a visa. The requirements you posted relate to a visa extension.

You will need to meet the financial requirements required for the visa you choose.