Retirement visa

[bkkniko]

Hi,

 

Writing this on behalf of someone who is 50 year + who wants to buy a condo in Thailand but does not have a bank. He does not want full retirement visa for 1 year yet, just the initial one that you get for 3 month in order to open a bank and transfer funds for condo purchase.

 

Can you open bank account in such way? 

If so, what are the requirements for the retirement visa?

[DrJack54]

25 minutes ago, bkkniko said:

Can you open bank account in such way? 

If so, what are the requirements for the retirement visa?

You are referring to a Non O (based on retirement) 

His best option is to obtain a Non O eVisa outside of Thailand. 

His own country or nearby country. 

After entering Thailand he will receive a 90 day stamp. 

He can attend immigration and obtain a "certificate of residence" 

With the Non O + COR he can/should be able to open bank account 

 

Current thread has advice. 

 

[BrandonJT]

A bank account is not necessary to buy a condo. In fact you are only allowed to buy a condo with money sent from overseas with the specific reason of property purchase.  It's actually easier to forego using a Thai bank account at all as part of a purchase.

[DrJack54]

4 minutes ago, BrandonJT said:

It's actually easier to forego using a Thai bank account at all as part of a purchase

Find that very surprising.

Personally have purchased over 5 condos and just love the way property settlement is done in Thailand vs my Joint Oz.

Point is did a purchase few weeks back.

Had to attend my bank to obtain cashier cheques.

And that was an easy one as owner had no mortgage.