hdkane Posted January 20, 2016 Share Posted January 20, 2016 A friend of mine informed me that he was instructed to have 1 million baht, rather than the typical 800,000 baht, in a bank account to qualify for a "retirement" visa. Has anyone else heard this as well? Is this a new requirement? Thank you. Link to comment Share on other sites More sharing options...
ldiablo Posted January 20, 2016 Share Posted January 20, 2016 Instructed by who? Link to comment Share on other sites More sharing options...
sunnyjim5 Posted January 20, 2016 Share Posted January 20, 2016 Sounds like and is a Rumour ! Where does your friend intend to obtain this "VISA" ? Link to comment Share on other sites More sharing options...
ubonjoe Posted January 20, 2016 Share Posted January 20, 2016 There have been no changes to the financial requirements to get an extension of stay based upon retirement. Or to apply for a OA visa at an embassy or consulate. 1 Link to comment Share on other sites More sharing options...
elviajero Posted January 20, 2016 Share Posted January 20, 2016 No and No. Link to comment Share on other sites More sharing options...
Eclipse Posted January 20, 2016 Share Posted January 20, 2016 There is no such thing as a Retirement Visa. Anything else that might be called that requires 800,000 Baht in the bank or 65,000 monthly income or a combination of both. Link to comment Share on other sites More sharing options...
Popular Post colinneil Posted January 20, 2016 Popular Post Share Posted January 20, 2016 Scare mongering again. Why do some people do it. Goodness knows. 6 Link to comment Share on other sites More sharing options...
KhunBENQ Posted January 20, 2016 Share Posted January 20, 2016 Rumors, rumors and more rumors. 55 years one million baht to be continued one more for the bin 1 Link to comment Share on other sites More sharing options...
tonray Posted January 20, 2016 Share Posted January 20, 2016 Rumors, rumors and more rumors. 55 years one million baht to be continued one more for the bin Yes....you'll need the extra 5 years to save 200K baht Link to comment Share on other sites More sharing options...
Sutty Posted January 20, 2016 Share Posted January 20, 2016 There is no such thing as a Retirement Visa. Anything else that might be called that requires 800,000 Baht in the bank or 65,000 monthly income or a combination of both. Not the old chestnut again does it mater what people call it really we all know what it is just diffrent terminology is all 2 Link to comment Share on other sites More sharing options...
Popular Post Red Parrot Fish Posted January 20, 2016 Popular Post Share Posted January 20, 2016 There is no such thing as a Retirement Visa. Anything else that might be called that requires 800,000 Baht in the bank or 65,000 monthly income or a combination of both. Not the old chestnut again does it mater what people call it really we all know what it is just diffrent terminology is all It is people like you that confuse everybody and lead to wrong information being given. If you took the trouble to read this forum everyday you will see the chaos it courses. 6 Link to comment Share on other sites More sharing options...
mommysboy Posted January 20, 2016 Share Posted January 20, 2016 Silly rumour. When it does go up, I would predict it will be a heck of a lot more than 200k. Last time it doubled as I recall. Link to comment Share on other sites More sharing options...
Jingthing Posted January 20, 2016 Share Posted January 20, 2016 (edited) False information. But I have a theory about how misinformation like that could spread. If you're using the 800K baht in the bank method for retirement extensions, that money needs to be seasoned for two (first time) or three months before applying for the annual extension based on retirement. Many retirees SPEND directly from that account, and top up annually. So if you're doing that, 800K two or three months before won't work. It will need to be more if the account is to still show over 800K at application day and to never go under the 800K during that seasoning period. So most people probably spend less than 200K in two or three months, so that's my theory as to how such a rumor may have started. Edited January 20, 2016 by Jingthing Link to comment Share on other sites More sharing options...
Jingthing Posted January 20, 2016 Share Posted January 20, 2016 Silly rumour. When it does go up, I would predict it will be a heck of a lot more than 200k. Last time it doubled as I recall. The last raise was GRANDFATHERED for people on the old levels. 1 Link to comment Share on other sites More sharing options...
DogNo1 Posted January 20, 2016 Share Posted January 20, 2016 People don't know what a retirement visa is and the wrong terminology confuses people who make mistakes based on their misunderstanding. A visa is a visa and an extension of stay is just that. The requirements for each are different. 2 Link to comment Share on other sites More sharing options...
Jingthing Posted January 20, 2016 Share Posted January 20, 2016 People don't know what a retirement visa is and the wrong terminology confuses people who make mistakes based on their misunderstanding. A visa is a visa and an extension of stay is just that. The requirements for each are different. True that. My post was about annual extensions based on retirement obtained in Thailand. The financial requirements for O-A visas in home countries also haven't changed. Link to comment Share on other sites More sharing options...
Suradit69 Posted January 20, 2016 Share Posted January 20, 2016 Scare mongering again. Why do some people do it. Goodness knows. For the same reason that some people call everything a "visa." They are, to put it politely, confused or enjoy stirring the pot. 1 Link to comment Share on other sites More sharing options...
puukao Posted January 20, 2016 Share Posted January 20, 2016 i heard in 5-years it will go to 100 million baht!!!! this thread should be closed....it gets me too worried!!!!! Just go make a few million baht and problem sorted!!!! Link to comment Share on other sites More sharing options...
DogNo1 Posted January 20, 2016 Share Posted January 20, 2016 Not directed to you, Jingthing. Written in reply to Sutty's "old chestnut" remark. Link to comment Share on other sites More sharing options...
Squeegee Posted January 20, 2016 Share Posted January 20, 2016 Just be careful which side of the bed you get out of in the morning when in SE Asia... blink and your life's changed. Link to comment Share on other sites More sharing options...
IMA_FARANG Posted January 20, 2016 Share Posted January 20, 2016 (edited) No and No. ------------------------- Correct The only "change" that might be called a new change is that when using the combination method of a pension income and a Thai Bank account balance, immigration wants the bank account to be seasoned for 3 months. And that "new change" has been asked for since at least back in 2014 or at least 2 years ago Edited January 20, 2016 by IMA_FARANG Link to comment Share on other sites More sharing options...
Maestro Posted January 20, 2016 Share Posted January 20, 2016 Not by all immigration offices, I believe, only by some, for reasons unknown. Link to comment Share on other sites More sharing options...
Evilbaz Posted January 21, 2016 Share Posted January 21, 2016 All that matters is what your (mandatory) local Immi office (fiefdom) requires. Link to comment Share on other sites More sharing options...
Naam Posted January 21, 2016 Share Posted January 21, 2016 There is no such thing as a Retirement Visa. Anything else that might be called that requires 800,000 Baht in the bank or 65,000 monthly income or a combination of both. that's why immigration stamps twice "RETIREMENT" in your passport but calls it "extension of stay" Link to comment Share on other sites More sharing options...
Eclipse Posted January 21, 2016 Share Posted January 21, 2016 Extension of your permission to stay based on Retirement. Clingons should be exempt anyway. Link to comment Share on other sites More sharing options...
DogNo1 Posted January 21, 2016 Share Posted January 21, 2016 There are two stamps on the page that say "Retirement." Can you find the word "Visa" on the page anywhere? If not, why would you persist in calling it a "retirement visa?" It is clearly identified as an extension of stay. 1 Link to comment Share on other sites More sharing options...
uptheos Posted January 21, 2016 Share Posted January 21, 2016 Silly rumour. When it does go up, I would predict it will be a heck of a lot more than 200k. Last time it doubled as I recall. The last raise was GRANDFATHERED for people on the old levels. Doesn't mean the next one will or in fact if the grandfathered one is made null and void Link to comment Share on other sites More sharing options...
Popular Post BB24 Posted January 22, 2016 Popular Post Share Posted January 22, 2016 People don't know what a retirement visa is and the wrong terminology confuses people who make mistakes based on their misunderstanding. A visa is a visa and an extension of stay is just that. The requirements for each are different. True that. My post was about annual extensions based on retirement obtained in Thailand. The financial requirements for O-A visas in home countries also haven't changed. In response to Jingthing, and all the other 'experts' who keep khrapping on about - 'There is no such thing as a Retirement Visa" YOU ARE WRONG !! This is the the front page of the Thailand Embassy in Australia - note the section titled "Retirement Visa". Now look at the new Application Form for a Visa (Form A) - this is the Section about "Retirement Visa" You guys do a great job - but please stop 'correcting' people who call it a Retirement Visa instead of a Non-Immigrant O-A (Long Stay) Visa - Retirement. If the Thailand Embassy calls it that both on its website and in its documents - then please just let that one go. However having said that - I do believe there is a lot of 'incorrect descriptions used that do cause people real confusion and these should be corrected - like: 'Extending my Visa' - A person cannot extend a Visa, you can only extend the date/period you are allowed to remain (Permission to Stay) - either by application (depending on your specific current Visa situation) or by leaving and re-entering (again depending on your current Visa situation). Or of course you can leave and apply for a new Visa. 3 Link to comment Share on other sites More sharing options...
tonray Posted January 22, 2016 Share Posted January 22, 2016 Oh Brutha....here we go again.................. Link to comment Share on other sites More sharing options...
sunnyjim5 Posted January 22, 2016 Share Posted January 22, 2016 BB24 Thanks ! Perhaps you can now find , scan and post a picture of an actual visa which states it was issued for "Retirement " . I do not believe you will succeed ! Link to comment Share on other sites More sharing options...
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