BOI Wealthy Pensioner LTVor continue OA extensions

[G_Money]

Has anyone who had been getting retirement extensions from an OA or O visa switched to the 10 year Long Term Visa established by the BOI?

I qualify and am seriously considering it.  50k for the 10 year period is reasonable considering everything you get.

 

I fly back to Thailand tomorrow and my extension is good until late November.

 

Already gathered up most of the paperwork to submit 

 

Any regrets from anyone who went this route?

 

[Tod Daniels]

I probably know over 50 people who have switched from an O or OA visa extensions to the LTR wealthy pensioner.

 

Not a single person has been unhappy with the switch, for the 50Kfee, you get a 10-year visa, with the 5-year permits to stay stamp, and a 5-year multiple reentry permit.

 

the LTR Visa is a great fit if you qualify, the insurance requirements are half that of an OA

 

You apply online through the ltr/boi website here

https://ltr.boi.go.th/

 

You don't have to wait for you to be back inside Thailand to begin the application process, right now I believe it's taking between 4 and 6 weeks for the approvals.

Edited 16 hours ago by Tod Daniels

[G_Money]

1 minute ago, Tod Daniels said:

I probably know over 50 people who have switched from an O or OA visa extensions to the LTR wealthy pensioner.

 

Not a single person has been unhappy with the switch,

 

the LTR Visa is a great fit if you qualify, the insurance requirements are half that of an OA

 

You apply online through the ltr/boi website here

https://ltr.boi.go.th/

 

You don't have to wait for you to be back inside Thailand to begin the application process, right now I believe it's taking between 4 and 6 weeks for the approvals.

 
Good information.  I fly out tomorrow so I’ll probably just wait until I get settled back into the condo I’ve renting.

 

On the application I will then use my Thai address.

 

And work on a cover letter if it will help.

[MPoll]

2 hours ago, G_Money said:

Has anyone who had been getting retirement extensions from an OA or O visa switched to the 10 year Long Term Visa established by the BOI?

I qualify and am seriously considering it.  50k for the 10 year period is reasonable considering everything you get.

 

I fly back to Thailand tomorrow and my extension is good until late November.

 

Already gathered up most of the paperwork to submit 

 

Any regrets from anyone who went this route?

 

Yes. I was on my 5th OA extension when I switched to my pensioner LTR in January 2023. You don’t have to wait until the end of the extension. 

[oldcpu]

I have lived in Thailand with a permission to stay on a Type-OA initially for reason of retirement,  and later on the underlying Type-OA on an extension for reason of marriage to a Thai, and then more recently on a Type-O for reason of retirement.  Last year I switched to the LTR. I have no regrets. I prefer it over the Type-O/OA.

I believe the LTR makes sense if you plan to reside in Thailand for another 10 years AND if you have the money/income. Clearly due to the financial demands it's not a visa for everyone,  and the initial paperwork demands are greater than that of a Type-O/OA.  But if one meets the requirements,  I believe the duration and perks make it worthwhile.

Edited 10 hours ago by oldcpu

[G_Money]

I’ve briefly looked over the application.  Does not look any worse than the initial OA requirements.

 
In some ways easier.  That medical form stating no disease (separate doctors appointment) police background check (visit to county sheriff’s office)  was a bit of a pain in the as-.  
4 copies of everything.  Certified mail to the LA consulate with pre postage return envelope.

 

For the LTR appears I can upload everything .  JPEG or PDF???

 

I’ve heard they accept TRICARE for insurance.  That’s great!  

 

[Presnock]

8 hours ago, G_Money said:

Has anyone who had been getting retirement extensions from an OA or O visa switched to the 10 year Long Term Visa established by the BOI?

I qualify and am seriously considering it.  50k for the 10 year period is reasonable considering everything you get.

 

I fly back to Thailand tomorrow and my extension is good until late November.

 

Already gathered up most of the paperwork to submit 

 

Any regrets from anyone who went this route?

 

I retired on a retirement O 20 years ago...I never thought about taxes but then I read all about the LTR - it seemed to fit me perfectly as a wealthy pensioner.  One can easily do the required paperwork from one's own computer, don't have to collect anything from a local office except download form for the application.  BOI is super helpful if any problems and keeps one informed as to exactly what is needed. As an American, I provided my 1040R last two years for income verification, got a letter from my US health insurance company saying that I was provided at least USD$50K for hospitalizaton if needed  and included starting an ending date, copies made on my printer of passport and visa information already have had.  Download documents to BOI.  Within 2 weeks I had my passport stamped.  Now feel comfortable that no more 90-day reports, in and out of the country at ease, special entry line, etc.  I also did an updated TM 30 just to be sure and 90-day report was good too.  At the BOI, when I got my p/p stamped, they have an immigration office there too that cancels the retirement O visa.  Now if I do not leave the country for the 1-year period, then I will just go to the BOI or have anyone check me in or if I leave the country, then the 1-year check in period resets.  All qualifications of course like any Thai visa must be maintained during the period of the visa and at the 5-year anniversary, a renewal of all the data must still meet the necessary qualifications.  Currently only the LTR has any tax exemption on foreign-earned income remitted.  Like have mentioned as others  too have mentioned, the BOI is very helpful.  They communicate on line or via the telephone and speak excellent English.  Good luck.  If you have any specific question do not hesitate to ask me.  I am a fan of this visa.

[G_Money]

Thanks to all for the great input.

[Presnock]

2 hours ago, G_Money said:

I’ve briefly looked over the application.  Does not look any worse than the initial OA requirements.

 
In some ways easier.  That medical form stating no disease (separate doctors appointment) police background check (visit to county sheriff’s office)  was a bit of a pain in the as-.  
4 copies of everything.  Certified mail to the LA consulate with pre postage return envelope.

 

For the LTR appears I can upload everything .  JPEG or PDF???

 

I’ve heard they accept TRICARE for insurance.  That’s great!  

 

checked woth BOI and it appeares that PDF is their desired uploads..  I didn't do a background check but if you are not in Thailand then maybe that is the difference.  The BOI as I mentioned is easy to work with, if any questions once you begin the process, call or email they will help you quickly...like I said, start to finish only 2 weeks.  good luck

[Rob Browder]

11 hours ago, Tod Daniels said:

the insurance requirements are half that of an OA

Has anyone heard if being enrolled in the Thai-SS insurance program, obtained due to previously working in Thailand, qualifies for the required insurance?

[kimothai]

1 hour ago, Presnock said:

checked woth BOI and it appeares that PDF is their desired uploads..  I didn't do a background check but if you are not in Thailand then maybe that is the difference.  The BOI as I mentioned is easy to work with, if any questions once you begin the process, call or email they will help you quickly...like I said, start to finish only 2 weeks.  good luck

In regard to the background checks, I simply called BOI, and they said because I'm American I don't need.  If you have questions just call them, they are very helpful.  Bye the way after you have filled out all the forms and get an appointment the Immigration next door will cancel your OA/O visa before the LTR is inserted.

[Presnock]

1 minute ago, kimothai said:

In regard to the background checks, I simply called BOI, and they said because I'm American I don't need.  If you have questions just call them, they are very helpful.  Bye the way after you have filled out all the forms and get an appointment the Immigration next door will cancel your OA/O visa before the LTR is inserted.

exactly...thre really wasn't an appointment, the BOI rep walks one around to whereever they have to go to get something done.  Maybe depends on the number of applicants.  If the tax exemption remains then look for more to try to get this visa.

[Presnock]

10 minutes ago, Rob Browder said:

Has anyone heard if being enrolled in the Thai-SS insurance program, obtained due to previously working in Thailand, qualifies for the required insurance?

If it provides at least USD $50K for hospitalization then I think so - but if less than that then you need to check with the BOI folks.

[Wake Up1]

In my opinion many great benefit’s and definitely worth every baht. . One of the best benefits is never having to deal with CW.   The immigration officers at the One Stop Center are professional and knowledgeable. You can get a residency certificate same day for 500 baht unlike CW.
 

 The LTR staff are wonderful and knowledgeable. 

[dlclark97]

16 hours ago, G_Money said:

Has anyone who had been getting retirement extensions from an OA or O visa switched to the 10 year Long Term Visa established by the BOI?

I qualify and am seriously considering it.  50k for the 10 year period is reasonable considering everything you get.

 

I fly back to Thailand tomorrow and my extension is good until late November.

 

Already gathered up most of the paperwork to submit 

 

Any regrets from anyone who went this route?

 

I just recently received my 10 year LTR.  My original visa entering Thailand was O-A.  No hassles at all.  The folks at BOI are very helpful.  Questions submitted on their contact form are answered very quickly.  I had some questions that I preferred to ask in person.  Checked in at their front desk and two counselors came to sit with me and answer questions for about 30 minutes.  Very helpful.  One thing to remember, this is a very professional office and if you do visit, shoes or sneakers but no sandals or similar, a nice collared shirt (I wore a tie), and long pants.  The people at BOI want to see you get the LTR so go for it!