Property as security for retirement visa?

[Thailand]

We are Farang and have purchased a house in Chiangmai on the lease+ lease+ lease scheme.

At this point we cannot own the land (it is leased for 90 years) although strangly we will own the bricks and mortar. In addition our name will appear on the Chanot.

Is the fact that we "own" a property valued at 3 mill plus taken in to account on renewal of "retirement " visa or is it back to 800k, or 65k per month  or combination of the two?

[fester]

It has to be cash deposit in a Thai bank. Some farangs has managed to get Thai government bonds approved as assets.

[Roger13]

Hi Thailand !

The logic about the Cash Deposit / monthly income seems to be that you should show that you have sufficient liquid funds to take care of yourself for the next 12 months.

Roger

[dr_Pat_Pong]

and ALL other emergencies like health etc               It seems reasonable ..there is no safety net in Thailand......all down to yporself, so for obvoius reasons they need to know that there is a bit of substance there         :ghostface: