Inquisitorial Posted December 30, 2015 Share Posted December 30, 2015 Does anyone know with Western Couples - do we have to have 800,000 baht in the bank for each of us to get retirement visa i..e. 1.6m in the bank? Likewise with the investment visa would we need to invest 20,000,000? If not how does it work? Also are there any members who have or know anyone who has the Investment Visa - is it worth doing - appreciate any feed back on the Investment visa experience ? Thanks Link to comment Share on other sites More sharing options...
lopburi3 Posted December 30, 2015 Share Posted December 30, 2015 One needs the retirement or investment extension - legal spouse can then obtain matching period extension from a non immigrant O visa entry and continue each year that retirement or investment extension is renewed. Link to comment Share on other sites More sharing options...
Eclipse Posted December 30, 2015 Share Posted December 30, 2015 One can get the retirement extension with 800,000 in the bank and the spouse can get the same extension as a dependent. No finance needed by dependent. Link to comment Share on other sites More sharing options...
elviajero Posted December 30, 2015 Share Posted December 30, 2015 If you want any extension of stay in your own right then you each have to meet the requirement. So yes 2 x 800k. But if one has an extension of stay the other can get an extension as a spouse with no financial requirements. IMO if your over 50 it's better to get a non 'O' or non 'O-A' visa and 1 year extensions of stay based on retirement. The investment route is good for people that own or want to buy 10m plus condos or have other qualifying investments, but it's not necessary for over 50's. I certainly wouldn't tie up 10m plus just to get a visa unless it was the only option. Link to comment Share on other sites More sharing options...
Inquisitorial Posted December 30, 2015 Author Share Posted December 30, 2015 Thanks for the clarification. Does it matter which one of us applies for the retirement visa? Link to comment Share on other sites More sharing options...
lopburi3 Posted December 30, 2015 Share Posted December 30, 2015 As long as over 50 it should not but perhaps best to have male half retire as that would be more normal for most officials. Link to comment Share on other sites More sharing options...
seedy Posted December 30, 2015 Share Posted December 30, 2015 one Disrespectful post hidden Link to comment Share on other sites More sharing options...
DogNo1 Posted December 30, 2015 Share Posted December 30, 2015 You will have to apply for an extension of stay based on retirement. Visas are not granted in-country. You have to get them in another country. Link to comment Share on other sites More sharing options...
Inquisitorial Posted December 30, 2015 Author Share Posted December 30, 2015 Thanks so much for the above, Sorry, some more questions. If we were to apply for the Investment Visa our Condo is in joint names - would that mean we could only get 50% of purchase price to count towards the $10m its the same with our bank accounts are in joint names? With the retirement Visa do they take into account if you own a Condo - I have not seen this mentioned anywhere so assume not? As mentioned above and as we are over 50 we are thinking that we will try to get a non 'O' or non 'O-A' visa and 1 year extensions of stay based on retirement. Finally as we will be applying in Australia does anyone know how long the process takes to get visa and extension approval? Thanks again Link to comment Share on other sites More sharing options...
ubonjoe Posted December 31, 2015 Share Posted December 31, 2015 Only half of the purchase price would count towards getting an investment extension if purchased with two owners shown. Nothing but income and/or money in the bank can be used to get an extension based upon retirement. It should not take more than a week to get the OA long stay visa from the embassy in Canberra or the consulate in Sydney. If you apply for an extension of stay based upon retirement at immigration it will be done on the same day you apply. Link to comment Share on other sites More sharing options...
Evilbaz Posted December 31, 2015 Share Posted December 31, 2015 It could take a few weeks to get the Aus Federal Police clearance which is a requirement for the OA Visa. Link to comment Share on other sites More sharing options...
Inquisitorial Posted December 31, 2015 Author Share Posted December 31, 2015 Thanks guys, looks like it is the OA Visa with extension is the one for us. Link to comment Share on other sites More sharing options...
elviajero Posted December 31, 2015 Share Posted December 31, 2015 Thanks guys, looks like it is the OA Visa with extension is the one for us. Ideally you should both get an 'O-A' as it will give you more flexibility. Note that the 800k can be evidenced by a one off deposit in a bank account that doesn't require any term on deposit. If only one of you applies for the 'O-A' the other will be given a non 'O' visa. Both are multiple entry and valid for 1 year from the date of issue, but the 'O-A' visa grants the holder a 1 year stay, whereas, the 'O' only grants 90 days and requires the holder to go out/in every 90 days. Towards the end of the visas validity you can exit/enter and get new 1 year and 90 day stays respectively, thereby delaying the extension of stay for a few months, or apply for the 1 year extension of stay at immigration. If you maximise a multiple entry non 'O-A' visa you can stay in Thailand for nearly two years before needing to apply for an extension of stay. Every time you enter you're granted a 1 year permit to stay. If you exit/re-enter at the end of the first year, just before the 'enter before' date, you will be granted a new 1 year stay even though the visa is due to expire. Your multiple entry option is now gone, but should you wish to travel out during the year you can pay 1,000 baht for a re-entry permit, which on re-entry will keep your 1 year (admitted until) stay alive. Multiple re-entry permits are also available for 3,800 baht. Within the last 30/45 days of that 1 year stay (2nd year) you can go to immigration to apply for a 1 year extension of stay. 2 Link to comment Share on other sites More sharing options...
ubonjoe Posted December 31, 2015 Share Posted December 31, 2015 Thanks guys, looks like it is the OA Visa with extension is the one for us. Ideally you should both get an 'O-A' as it will give you more flexibility. Note that the 800k can be evidenced by a one off deposit in a bank account that doesn't require any term on deposit. If only one of you applies for the 'O-A' the other will be given a non 'O' visa. Both are multiple entry and valid for 1 year from the date of issue, but the 'O-A' visa grants the holder a 1 year stay, whereas, the 'O' only grants 90 days and requires the holder to go out/in every 90 days. Towards the end of the visas validity you can exit/enter and get new 1 year and 90 day stays respectively, thereby delaying the extension of stay for a few months, or apply for the 1 year extension of stay at immigration. If you maximise a multiple entry non 'O-A' visa you can stay in Thailand for nearly two years before needing to apply for an extension of stay. Every time you enter you're granted a 1 year permit to stay. If you exit/re-enter at the end of the first year, just before the 'enter before' date, you will be granted a new 1 year stay even though the visa is due to expire. Your multiple entry option is now gone, but should you wish to travel out during the year you can pay 1,000 baht for a re-entry permit, which on re-entry will keep your 1 year (admitted until) stay alive. Multiple re-entry permits are also available for 3,800 baht. Within the last 30/45 days of that 1 year stay (2nd year) you can go to immigration to apply for a 1 year extension of stay. The one that does not get the OA visa does not need to get a multiple entry non-o visa. Only a single entry non-o visa is needed. Since August of last year it is possible for the spouse to get an extension as as a dependent based upon the OA visa entry of the one holding the OA visa. Link to comment Share on other sites More sharing options...
NancyL Posted December 31, 2015 Share Posted December 31, 2015 Yes, definitely if at all possible you each should have your own visas, rather than one being carried as the dependent on the others. I've seen several situations where the husband dies and suddenly the wife has to worry about her visa situation. If the finances are such that only one can be supported with the 800,000 baht account, then the account should be in the name of the youngest, healthiest person. Here in Chiang Mai, there is no problem with the wife having the visa and the husband being the dependent. Makes is much easier if the husband is the first to pass and then the wife doesn't have the problems associated with gaining access to the 800,000 baht bank account that was used to justify her husband's visa extension. That process takes about a month, even with a Final Will drawn up in Thailand. Link to comment Share on other sites More sharing options...
NancyL Posted December 31, 2015 Share Posted December 31, 2015 You will have to apply for an extension of stay based on retirement. Visas are not granted in-country. You have to get them in another country. Technically, no. It's possible to apply to convert a visa-exempt entry or a tourist visa into a 90-day non-immigration O visa in-country at some Immigration offices and in Bangkok. Then that non-imm O visa can be extended for 12 months due to retirement during the final 30 days of its life. This happens quite frequently in Chiang Mai. Someone does need to have 15 days remaining on their permission to stay to apply for a non-imm O visa, so they have to act quickly when they arrive. Link to comment Share on other sites More sharing options...
elviajero Posted December 31, 2015 Share Posted December 31, 2015 The one that does not get the OA visa does not need to get a multiple entry non-o visa. Only a single entry non-o visa is needed. Since August of last year it is possible for the spouse to get an extension as as a dependent based upon the OA visa entry of the one holding the OA visa. Ok thanks. That's good to know. Can the spouse only apply for an extension based on the first entry with the 'O-A' visa? Link to comment Share on other sites More sharing options...
Maestro Posted December 31, 2015 Share Posted December 31, 2015 Removed an off-topic post. Link to comment Share on other sites More sharing options...
ubonjoe Posted December 31, 2015 Share Posted December 31, 2015 The one that does not get the OA visa does not need to get a multiple entry non-o visa. Only a single entry non-o visa is needed. Since August of last year it is possible for the spouse to get an extension as as a dependent based upon the OA visa entry of the one holding the OA visa. Ok thanks. That's good to know. Can the spouse only apply for an extension based on the first entry with the 'O-A' visa? They can apply for an extension based upon every entry. 1 Link to comment Share on other sites More sharing options...
elviajero Posted December 31, 2015 Share Posted December 31, 2015 The one that does not get the OA visa does not need to get a multiple entry non-o visa. Only a single entry non-o visa is needed. Since August of last year it is possible for the spouse to get an extension as as a dependent based upon the OA visa entry of the one holding the OA visa. Ok thanks. That's good to know. Can the spouse only apply for an extension based on the first entry with the 'O-A' visa? They can apply for an extension based upon every entry. Is the spouse's extension granted for the remaining term of the 'O-A' entry, or are they granted a full 1 year extension of stay? Link to comment Share on other sites More sharing options...
ubonjoe Posted December 31, 2015 Share Posted December 31, 2015 Only to the date the OA visas holders permit to stay ends. 1 Link to comment Share on other sites More sharing options...
SOTIRIOS Posted December 31, 2015 Share Posted December 31, 2015 ....one reply says 800k x 1 ...another says 800k x 2 ...great.... Link to comment Share on other sites More sharing options...
Singerman Posted December 31, 2015 Share Posted December 31, 2015 (edited) ....one reply says 800k x 1 ...another says 800k x 2 ...great.... Less cynicism would assist your understanding What was identified were options/choices. A) 2 x 800k = 2 retirement extensions B ) 1 x 800k = 1 retirement extension + 1 extension based on dependency Edited December 31, 2015 by Singerman 2 Link to comment Share on other sites More sharing options...
Eclipse Posted December 31, 2015 Share Posted December 31, 2015 Yes. Two options. Whatever suits you best. Link to comment Share on other sites More sharing options...
swoods58 Posted December 31, 2015 Share Posted December 31, 2015 I got an O-A in Sydney. 3 day turn-around and no problems. Yes the police report takes a week or so. My GP just signed the medical on the spot and I'm sure yours would too. It's not onerous. The trickiest part is the binding and stamping by the notary. Some wanted rediculous prices for 10 minutes work. I ended up paying $100 to a guy in Beecroft. Link to comment Share on other sites More sharing options...
Inquisitorial Posted December 31, 2015 Author Share Posted December 31, 2015 Certainly a lot of hidden costs that one need to add to the budget when applying for the Visas Thanks for all the info. Most appreciated. Link to comment Share on other sites More sharing options...
swoods58 Posted January 1, 2016 Share Posted January 1, 2016 But the O-A (with a reentry permit ) gives you two years of trouble free entry into Thailand with no money there. This gives you time to get settled and find a bank and where you want to live. There are many options. 2 Link to comment Share on other sites More sharing options...
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