Retirement Visa Question

[Deez]

Can I use my investments with KBank Securities(which consists of stocks on the SET) as the 400000BAHT requirement?

Thanks

[Jingthing]

No.

I assume you are talking about applying for extensions based on retirement in Thailand.

Also the bank account requirement for retirement extensions is 800K, not 400K. A smaller amount can also be applied if using the combination method (with an embassy income letter).

Edited January 17, 2011 by Jingthing

[picnel]

400 K on the bank account is only for a Visa if you get married with a thai national. The retired Visa amount is 800 K. This amount has to be on a current account or a saving account if you can withdraw the money in any time.

[Lite Beer]

The financial requirements are for 12 month extensions of stay. Not Visas.

Retirement.

(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

Thai Wife.

(6) In case of marriage with a Thai lady, the husband who is an alien must have an average annual income of not less than 40,000 baht per month or a money deposit in a local Thai bank of not less than 400,000 baht for the past 2 months for expenses within a year.