Retirement Visa Financial Requirements

[gk10002000]

When I read the information on the THAI embassy website about financial requirements for a retirement visa Non 0. this is what i see:

A copy of bank statement showing a deposit of the amount equal to and not less than 800,000 Baht or an income certificate (an original copy) with a monthly income of not less than 65,000 Baht, or a deposit account plus a monthly income totalling not less than 800,000 Baht.

It does not say the 800,000 has to be in a Thai bank. Does the 800,000 baht equivalent have to be in a Thai bank? I have certainly seen people saying that it has to be, but does it really have to be? Is it one of those things that is expected and usually done but maybe not required? Has anybody done the 800,000 NOT in a Thai bank?

Thanks

[Mario2008]

When applying for a visa it does not have to be in a bank account in Thailand. When you apply for an extension of stay in Thailand itself it does have to be in a bank account in Thailand.

[lopburi3]

A retirement visa would be O-A and money would not have to be in a Thai bank.

For an extension of stay from Immigration inside Thailand the money must be deposited in a bank account inside Thailand if using that method.

Police order 777/2551

(4) Account deposit with a bank in Thailand of not less than

800,000 Baht as shown in the bank account for the past 3 months

at the filing date of the application. For the first year, the applicant

should have that amount in his bank account for not less than 60

days or

[gk10002000]

When applying for a visa it does not have to be in a bank account in Thailand. When you apply for an extension of stay in Thailand itself it does have to be in a bank account in Thailand.

Oh. I see. Thanks.

[gk10002000]

A retirement visa would be O-A and money would not have to be in a Thai bank.

For an extension of stay from Immigration inside Thailand the money must be deposited in a bank account inside Thailand if using that method.

Police order 777/2551

(4) Account deposit with a bank in Thailand of not less than

800,000 Baht as shown in the bank account for the past 3 months

at the filing date of the application. For the first year, the applicant

should have that amount in his bank account for not less than 60

days or

Is there any monthly income amount option that could be used instead when extending or is only 800,000 on deposit the only way?

[Mario2008]

For an extension of stay it is:

800,000 in the bank

OR

an income of 65,000 a month (can be from abroad)

OR

a combination of yearly income and money in the bank in Thailand totaling at least 800,000 THB.

[lopburi3]

It is 800k in bank 2 months, or Embassy letter of 65k per month, or a combination to equal 800k or more that is required for retirement extension of stay.

[Lite Beer]

From Police Order 777/2551.

(1) The alien has obtained a temporary visa (NON-IM);

(2) The applicant is 50 years of age or over;

(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

800,000 Baht as shown in the bank account for the past 3 months at the filing date of the application. For the first year, the applicant should have that amount in his bank account for not less than 60 days or

(5) Annual income plus bank account deposit totaling not less

than Baht 800,000 as of the filing date of application

[paddypower]

same old question; which, btw, I ran by Puk.Gazette Q and A. No response. disappointing, but then you get what you pay for.

The background:

I am a farang - 64 years of age.

I have a retired type 'O' visa, for each of the past 10 years.

I am married to a farang.

I live in Nakohn Si Thammarat.

Provincial Immigration are very courteous and helpful.

But they do not have any information to help me.

my cash at bank is 800k plus. It never goes below the 800k level.

Thai rental income per my Thai tax return, 600k gross income, 420k net income, net of the standard tax deduction.

foreign pension income: 180k.

my understanding is that i can reduce my cash balance, as follows:

last years Thai income 420k

PLUS last years/this years pension income 180K

cash at bank 200k

to arrive at the total of 800k

questions: 1. is my calc. correct?

2.

Is there anything in specific Thai government/police Order or guidance as to what documents I need to present to Immigration, to prove my Thai income.

I am aware of the documentary proof needed for the pension income and for the bank balance. Thanks. Paddy.

From Police Order 777/2551.

(1) The alien has obtained a temporary visa (NON-IM);

(2) The applicant is 50 years of age or over;

(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

800,000 Baht as shown in the bank account for the past 3 months at the filing date of the application. For the first year, the applicant should have that amount in his bank account for not less than 60 days or

(5) Annual income plus bank account deposit totaling not less

than Baht 800,000 as of the filing date of application

[lopburi3]

1. In theory it should work but expect you may run into a problem trying to use local income for retirement which does not allow a work permit so expect it will have to go to the highest level officer.

2. Don't recall anyone using local income for retirement report what proof they use.

[jpinx]

How does it work with investment income from sources not in UK, as opposed to a pension? I am 64 and my passport is UK, but I have investment accounts in New Zealand and they pay me the bulk of my retirement income, plus a small private pension in UK. I can probably get the embassy letter for the UK pension, but what about the New Zealand investment income? Which embassy and how to quantify it when the rates vary every couple of months?

Any thoughts would be appreciated because without a resolution I am unlikely to qualify for a retirement visa.

Thanks

[lopburi3]

The letter would have to come from your Embassy (UK) so you will have to ask them what they require as proof.