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Posted

I have a question regarding income requirements for the retirement visa. I am a dual US/British citizen however I presently live in the Philppines and I use my UK passport for all travel. I feel my home country is England and I do not want to use my USA passport when applying for a retirement visa.

After many trips to Thailand I would now like to retire there. From what I understand I need to have 800K baht in the bank for a period of time. I easily have enough funds to put this money into a Thai bank.

My question is that I also understand I must show a certain income and have this validated by my embassy. I have income from rental properties in the US and at this time this varies between $1,000 and $3,000 a month. As an investment the properties have appreciated significantly but the cash flow from rentals after expenses is not so high. There could be a year when the average amount per month is slightly less than the minimum monthly income requirement.

Can someone give me advice to confirm I need to get the income validated by the UK embassy and also will they even do that as my income is going directly into my bank accounts in America. If I use the UK embassy how strict are they with checking to ensure the exact amount of income coming in?

Posted

You do not need any income paperwork if using 800k in bank method. It is one or the other or a combination. If only using bank deposit only the bank account/letter is required.

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