Retirement Visa Query!

[Shaktam]

Retirement Visa Query!

With a retirement visa at the end of the first year. Do you have to show funds in bank (800,000bht) upon renewing/extending the visa? at immigration?

Any info much appreciated.

Regards, Shak

[Lite Beer]

When applying for a 12 month extension for retirement you need 800,000 in a Thai bank or 65,000 monthly income or a combination of the two.

[partington]

And if applying with bank account only the 800,000B needs to be in the bank for a continuous period of 60 days before your first extension application or 90 days for a second application and all subsequent ones.

[Mario2008]

If you want to show 800,000 in a bank account in Thailand the money must be there for at least 3 months. You will need your bank-book and aletter from the bank to proof it.

[ubonjoe]

Do you have an extension of stay from immigration or a visa (OA possibly) now?

[Shaktam]

It's for a friend, he converted a tourist visa to a retirement visa which was approx 1 year ago, his first initial renewal is due in approx 3.5 months.

[Jingthing]

Yes, financial requirements must be met for each and every ANNUAL extension.

3.5 months?

Well if using the 800K method, the funds must be seasoned in the bank for at least 3 months before the APPLICATION date at immigration. That's cutting it close now if the money isn't there yet.

If he can't meet that and needs to use the 800K method he can always "start over" with a new entry and a new conversion to an O visa in Thailand.

[Shaktam]

Thanks JingThing and everyone you just sorted it for us.

Kind regards Shak

[Jingthing]

You're welcome.

Another option if he can't meet the current extension requirements is to visit a Thai embassy/consulate in Laos or Malaysia and apply for a single entry O visa there (as an alternative to a conversion in Thailand). I believe the seasoning requirements for any NEW O will be two months, not three as it is a start over situation.

[Shaktam]

I will pass the info on, Kind regards, Shak.