Regarding the 800K and the Retirement visa

[ravip]

A few clarifications, please.

 

1. Fixed Deposit or Savings Account allowed/Required?

2. Should the account be in THB? Is USD or other currency allowed?

3. Is the 15% withholding tax applicable on all savings accounts of foreigners?

4. If necessary, can the money be transfered to a bank out of Thailand without any complications?

5. Is a medical insurance scheme compulsory?

 

Thank you!

[DrJack54]

1  yes 

2 can be either tbh or equivalent currency. 

3 yes 

4 Dee Money is one option to transfers funds out of Thailand.

WISE cannot.

5 no 

 

By "Retirement Visa" I'm guessing you mean non O based on retirement with 12 month extension and not non O-A 

 

 

 

Edited March 20, 2023 by DrJack54

[OJAS]

In connection with (2), if relying on a non-THB account you may need to keep a close eye on the relevant bank notes buying exchange rate at all times so as to minimise the risk of the balance inadvertently dipping below the equivalent of 400k or 800k THB depending on the time of year in your case.

Edited March 20, 2023 by OJAS