Report Thailand Tightens Grip on Retirement Visas Amid Wealth Shift

[Lancelot01]

17 hours ago, Upnotover said:

Weird story, hard to read.  Did anything actually change....no.

I'll wait until it comes out in paperback. 

[thaibreaker]

1 minute ago, gejohesch said:

I must say the Philippines are not on my radar. I've been there twice, found the food uninteresting, people way too "americanised", lacking culture "of their own", and/or untrustworthy.

Good points, and I agree completely. I love what Thailand and their Buddhism has to offer, compared to what I experienced in The Philippines.

[Peter Crow]

4 hours ago, Lacessit said:

How many retirees are riff-raff? AFAIK it is the foreigners who are younger than 50, or NOT on retirement visas, causing all the trouble.

Maybe, but who is more likely to face a 2 million Baht ICU bill while not having medical cover.

[save the frogs]

11 hours ago, connda said:

On the flip side in Thailand - the Plan B for many are agents, although that may be Plan A for many. 

 

I don't think they mind people using agents at all as this is creating a lot of jobs. 

 

 

[Espanol]

38 minutes ago, connda said:

On the flip side in Thailand - the Plan B for many are agents, although that may be Plan A for many. 

 

 

Of course, I'm not going to deposit 800,000 baht indefinitely in a Thai account, where it's devalued every year.

It's much more interesting to apply for a retirement visa based on monthly income and invest the 800,000 baht.

 

It's true that I'll need to accumulate a year's pension on my bank statement for that, but during that year I can travel around Southeast Asia every couple of months (which I was planning to do anyway).

 

 

[FritsSikkink]

Crap story, retirement rules are the same as before.

[pacovl46]

Well, what brings in more money? A few rich guys or droves of retirees?! 

[damo1967]

19 hours ago, whiteman said:

Nothing new here

 

19 hours ago, whiteman said:

Nothing new here

Correct... still the same moronic f'wits like yourself boring people.

[willip]

22 hours ago, snoop1130 said:

Picture courtesy of Freepik

 

Thailand, a perennial magnet for retirees due to its enchanting blend of affordability, warm climate, and vibrant culture, is recalibrating its approach to foreign residents—a shift with significant implications. Known for golden beaches, delectable cuisine, and the famed hospitality that has earned it the moniker, "Land of Smiles," Thailand has historically welcomed foreign retirees with open arms, offering them a slice of tropical paradise that's both accessible and affordable. However, new policies suggest a distinct pivot towards the affluent, leaving many long-time admirers questioning their future in a country once synonymous with retirement tranquillity.

 

For decades, Thailand's retirement visas were considered a golden ticket for retirees aged 50 and over. The longstanding Non-Immigrant O-A and O-X visa categories presented viable pathways into this Southeast Asian haven. Requirements were straightforward: either stash 800,000 baht (approximately US$22,000) in a Thai bank or show a monthly income of 65,000 baht (around US$1,800), alongside proof of a clean criminal slate and health coverage. These terms made Thailand one of the most welcoming places for middle-income retirees—a financial comfort unmatched by many other Asian destinations.

 

Yet, as 2023 unfolded, Thailand threw a curveball with the unveiling of the Long Term Resident (LTR) visa. This new tier, waved like a shiny lure, targets wealthy global citizens with steep prerequisites: a minimum of US$80,000 annual income sustained over two years and US$1 million in assets. This hefty financial threshold has effectively priced out all but the wealthiest of prospective retirees.

 

Furthermore, in the wake of Covid-19 and heightened scrutiny over immigration protocols, health insurance requirements for typical retirement visas have grown more stringent. There’s also a persistent undercurrent of speculation concerning potential increases in financial thresholds for these visas. Anecdotal evidence from retirees suggests increasing difficulty and opacity during application processes, projecting a stark, albeit quiet, message: without considerable wealth, entry into Thailand is becoming an arduous endeavour.

 

The country's decision to pivot towards affluent expatriates is driven by a simplistic yet compelling rationale. Wealthier foreigners, it is argued, bring robust spending power, invest more extensively in luxury housing, and, in theory, result in fewer legal headaches related to overstaying visas or working illegally. Indeed, from a policymaker’s perspective, this seems like a sound strategy, offering immediate financial allure.

 

However, this logic sidesteps the nuanced economic ecosystem fostered by retirees of more modest means. Middle-income foreigners contribute significantly by integrating into local communities, supporting small businesses, and investing their pensions in the very fabric of Thai society—far beyond the borders of exclusive expatriate enclaves. Their continued presence strengthens local economies, weaving vibrant, resilient communities, not merely serving as transient patches of opulence in a tropical landscape.

 

This strategic pivot away from the middle class has already begun reshaping the expat community landscape in Thailand. Online forums and expat networks are abuzz with tales of longtime residents contemplating relocation, driven by the increased cost and complexity of Thailand's visa procedures. With neighbouring countries, like the Philippines and Cambodia, increasing their appeal for retirees through simplified process frameworks and lower financial thresholds, these nations stand ready to inherit the retiree market Thailand once commanded.

 

The Philippines offers one of the most straightforward retiree visa schemes in the region. The Special Resident Retiree’s Visa (SRRV) only requires retirees over 50 to demonstrate a monthly pension of US$800 or deposit US$10,000 in a local bank—accessible terms that come without Thailand’s stringent health insurance mandates or income ceilings. Despite its lesser-developed infrastructure, the country provides a low cost of living, making it a compelling option for those priced out of Thailand.

 

Cambodia, long regarded with intrigue as the ‘wild east,’ presents a minimalist yet effective sway to attract retirees. Offering visa extensions as low as US$300 annually, without demanding proof of income or hefty deposits, the process is noticeably less daunting than Thailand’s intricate requirements. Its allure lies in simplicity, affording retirees the chance to enjoy Cambodia’s charm at a moderate pace and price.

 

Vietnam is also emerging as a formidable contender, especially following announcements of a pilot for long-term investor visas, ahead of a planned retirement visa with lower thresholds. Known for its vibrant cities, delectable cuisine, and a significantly improved healthcare system, Vietnam could woo those seeking a dynamic lifestyle at a more manageable expense.

 

Thailand’s long-standing reputation as a retirement utopia is undeniably at risk. By focusing narrowly on wealthy individuals, the nation might enjoy a short-term economic lift but could inadvertently erode the rich tapestry of middle-class expatriates who helped Thailand earn its retirement haven status. These middle-class retirees don’t simply occupy spaces; they engage, contribute, and become part of the Thai community fabric, offering a steady, reliable economic and cultural exchange often overshadowed by the glitz of high spending.

 

As the global landscape of retirement evolves, and as more nations enter the competitive fray for retirees’ attention and resources, Thailand stands at a critical juncture. To maintain its status as a cherished retirement destination, it may need to revisit the very essence of what made it so appealing—a harmonious blend of accessibility and affordability tinged with genuine inclusivity. While focusing on the affluent offers an enticing financial forecast, it’s the broader tapestry of retirees that sustains and enriches the cultural and economic life of the nation.

 

Time remains for Thailand to recalibrate its strategy, crafting visa policies that strike a balance between economic ambition and the open, welcoming spirit that endeared it to retirees worldwide. Acknowledging this balance is crucial—not just for the country’s economic health but for preserving its identity as a true home for those seeking more than just sun and sand, but community and connection.

 

  Adapted by ASEAN Now from The Thaiger 2025-06-04

 

 

I think I've had enough of Thailand. Getting too expensive for me.  I'm going to look at Philippines 🇵🇭 

[ericbj]

Retirees - even the less well off - are a more reliable source of income than tourists.  Tourism can dry up very quickly when there is a global recession.  Which we may be  about to experience.

[Phuket Pete]

Oh dear ! - looks like AI is now writing your news stories.

[Mickboy]

What a load of nothing that was.

[sambum]

"By focusing narrowly on wealthy individuals, the nation might enjoy a short-term economic lift but could inadvertently erode the rich tapestry of middle-class expatriates who helped Thailand earn its retirement haven status."

 

Yes - I want it all now - now - now - now, never mind tomorrow!

[sambum]

1 hour ago, FritsSikkink said:

Crap story, retirement rules are the same as before.

 

Not in certain Immigration Offices that make up their own rules!

[sambum]

18 hours ago, ronnie50 said:

This opinion piece is odd. The op-ed is about retirement visas. But the above reference to LTR is vague - there are several LTR's introduced in recent years. This paragraph seems to mix and match them. For example, an LTR for 'wealthy pensioners' doesn't require proof of USD 1 million in assets (unless I'm mistaken), but at least one of the other non-retirement LTRs does. And BOI told me the 80k USD must be 12 consecutive months in total before an application can be made for "WP"- not 2 years of 80k a year. 

 

Probably the same rule as it is for Brits, and dependent on the way that a particular Immigration Office interprets them. For instance, our local Immigration Office insists on either 800,000 baht being in a Thai Bank account for 3 months prior to extension date, or 65,000 baht a month for 12 months prior to extension date.i.e. :-

(1)   The alien has obtained a temporary visa (NON-IM); and  (2)   The applicant is 50 years of age or over; and   (3)   Proof of income of not less than Baht 65,000 per month; or  (4)   Account deposit with a bank in Thailand of not less than Baht 800,000 as shown in bank account transactions for the past 3 months; or  (5)   Annual income plus bank account deposit totaling not less than Baht 800,000 as of the filing date of application

However, our local Immigration Office will not accept (5), only (3) or (4), and also small "peculiarities" that I believe are not required by other Immigration Offices e.g. photograph of you standing outside your house with the house number clearly visible?

[Lacessit]

2 hours ago, Peter Crow said:

Maybe, but who is more likely to face a 2 million Baht ICU bill while not having medical cover.

People riding rented scooters without a helmet?

[Lacessit]

5 hours ago, ronnie50 said:

Regarding riff-raff, I was refering in general terms, not necessarrily retirees. Having said that, are you saying you haven't met any foreigner over 50 who's retired here - and is someone you'd want to steer well clear from? No Jack the Lad types, often seen drunk and arguing with others, none?

I haven't been in a bar for nigh on ten years, so the probability of me encountering such people is approaching zero.

 

I tend to steer clear of people of any age who look like something the cat dragged in.

[foureyes10]

After 25 years I very sadly realised that the combination of a lying wife and confused, predatory immigration practises made my living in "the land of smiles" a bad dream!

I've spent every cent buying and updating 10 rai of land, 3 houses, cars and tractors only to find that the "wife" doesn't want to sign a lease for the house (to give some security)!

 

A corrupt immi Major who wont sign a visa application (even after paying the fee) because he wanted a 15k grease! Extra requirements on 90 day reports (maps, financial reports, tea money)

 

Time to go back to the nanny state (Australia) where the voters re-elected a party who wants to tax unclaimed capital gains!! At least the Ozy government pays its bills (unlike you-know where) I have friends who have been waiting 3 months for contracted money to be paid by the PEA!

So sad.

[Lacessit]

3 minutes ago, foureyes10 said:

After 25 years I very sadly realised that the combination of a lying wife and confused, predatory immigration practises made my living in "the land of smiles" a bad dream!

I've spent every cent buying and updating 10 rai of land, 3 houses, cars and tractors only to find that the "wife" doesn't want to sign a lease for the house (to give some security)!

 

A corrupt immi Major who wont sign a visa application (even after paying the fee) because he wanted a 15k grease! Extra requirements on 90 day reports (maps, financial reports, tea money)

 

Time to go back to the nanny state (Australia) where the voters re-elected a party who wants to tax unclaimed capital gains!! At least the Ozy government pays its bills (unlike you-know where) I have friends who have been waiting 3 months for contracted money to be paid by the PEA!

So sad.

My Thai GF is honest.

 

Two lying women and the Australian family law system is why I am retired in Thailand.

[Russel]

Completely useless article that just to make pensioners anxious

[madone]

AI-generated drivel intended solely to incite panicked engagement. 

[Felt 35]

45 minutes ago, Lacessit said:

People riding rented scooters without a helmet?

 

and that`s not the oldies

[herb59]

vibrant culture or vibrator culture? golden beaches? those with the daily plastic trash?

[Felt 35]

If Thailand could have a government, immigration and tax system that is equal and for all and laws that are not only written but enforced and obeyed then there is no doubt that the pensioners would make a huge contribution to the treasury. But as it is now some pay taxes some don't, some immigration offices say this some say another thing and all the mess is mostly to make some fees for a massive underpaid workforce that could be reduced to 25% of the current workforce and with the income from taxes from both Thais and foreigners it would more than offset any immigration fees.

Felt

[ronnie50]

2 hours ago, pacovl46 said:

Well, what brings in more money? A few rich guys or droves of retirees?! 

The retirees and middle class tourists. This repeated idea (notion) by successive Thai governments that the answer to better tourism revenues involves tens of thousands of multi-millionnaires flocking to Thailand and living here year round, spending lavishly 364 days a year, is just mind numbing to me. Multi-millionnaires might well buy a condo here as a pied a terre, maybe even fairly large ones, but so what? If they're wealthy they might live in it for a few months of the year (winter) and then live in their own country during its summer, and then travel for 2-3 months a year to other places. Not many are going to be splashing cash around year'round in Thailand. It's a fantasy.  And even if they did, how would the country, as a whole, benefit?

[Gottfrid]

4 hours ago, Espanol said:

 

 

Most of the foreigners who cause problems are not residents, but tourists.

 

Do you think they make a difference because of that. They can´t see the forest for all the trees.

[palmbeachblueeyes]

There is no news in this article and no proof provided that Thailand is tightening the retirement Visa.  

What they should do is require that the retire pay the government 25,000 baht per year for the visa.  Why make the banks rich when the government can profit.  It would be cheaper to pay the fee rather than lose the investment income 

There are a lot of retirees living in Thailand who are not middle class but I would think that the average retiree spends 100,000 baht per month and can keep the restaurants afloat in the low season.  Retirees urge their family and friends to come visit and these are the high dollar tourist Thailand is focused on. Finally, retirees spend on healthcare.  

If Thailand wants a new source of income they should develop the assisted living industry.  I don't know about the average retiree but many retirees are sitting on a lot of cash to pay for care in their last year's.  

[thaibreaker]

19 minutes ago, palmbeachblueeyes said:

There are a lot of retirees living in Thailand who are not middle class but I would think that the average retiree spends 100,000 baht per month

100.000 bath average?

I think you are way off here. Closer to 50k I would say.

[baansgr]

I did a post about one.month ago about an I/O saying that the financials were going to increase to 2 million Baht..looks.like that could happen

[BritScot]

On 6/4/2025 at 1:18 PM, lordgrinz said:

Thailand will continue to shoot itself in the foot, which seems to be the norm now, especially under the control of Emperor Thaksin.

Did you live in Thailand during Priminister T? Because I did and life for expats and those of us working in Thailand was much easier and more laid back. I remember the coup and how things changed overnight. Before the coup the  economy was great and we were looked after English levels in schools was far far higher than now. Then the coup and overnight Native English teachers were replaced with Philippine teachers. Expats started getting hounded. My pickup cost me only £11,000 and I was paid 44,000baht a month as a teacher beforethe coup, and that was 20 years ago. Vehicles were cheaper in Thailand than the UK but now buying a vehicle in Thailand is far more expensive than buying the Thai manufacturered vehicle in the uk.... the Taxin years were good years.