Retirement Visa Extension

[ralfhans]

Somewhere i did read before there is a new rule that i have to show 800.000 TBH in my Thai bankbook not at the time of renewal of my visa but already 90 days before?!

Is this true also for renewal of One-Year-Visa or only for new applicants?

Because as you may know the exchange rate is not good at the moment i would like to wait for a better rate in the upcomings weeks or months, but if it is new rule that i MUST HAVE the 800.000 already 90 days before the renewal day, i could do so - but only if needed...!

Does anybody know how what applies to me?

[Maestro]

Somewhere i did read before there is a new rule that i have to show 800.000 TBH in my Thai bankbook not at the time of renewal of my visa but already 90 days before?!

Yes, it also applies to persons who had annual extensions of stay for retirement already before October 1st, not just to first-time applicants.

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Maestro

[bdenner]

Somewhere i did read before there is a new rule that i have to show 800.000 TBH in my Thai bankbook not at the time of renewal of my visa but already 90 days before?!

Yes, it also applies to persons who had annual extensions of stay for retirement already before October 1st, not just to first-time applicants.

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Maestro

There you go!! I was under the impression that a 'grandfather' rule applied here where existing visa extensions just carried on as before?

Gee golly gosh. Can one of the mods pin and CLOSE all the latest visa information so as we don't have to search through mountains of hearsay to get the facts.

[lopburi3]

There has been no mention of any grandfather rule for retirement extensions of stay as the rules remain the same at 800k in bank or 65k month income/pension or a combination. But all bank accounts, including those that are grandfather allowed (400k for marriage) will require the money be in the account for 3 months.

[Ned]

I extended the visa the other day in Chiang Mai and the guy said nothing about the new rule of having the money in the bank 3 months prior to renewal. A friend of mine did his a few weeks ago and they told him nothing had changed. So I'll go down to immigration in eight months time (ie. 4 months before renewal) and check what the situation is.....just to be sure.

[Sunbelt Asia]

I extended the visa the other day in Chiang Mai and the guy said nothing about the new rule of having the money in the bank 3 months prior to renewal. A friend of mine did his a few weeks ago and they told him nothing had changed. So I'll go down to immigration in eight months time (ie. 4 months before renewal) and check what the situation is.....just to be sure.

On renewals, they are giving leeway. In BKK, they state, it is next year they will be enforcing it on the renewals.

www.sunbeltasiagroup.com

[harrydash]

I went for my 1 year marriage renewal a week ago, and was worried as my funds had only been in the bank for a month.

However, my application was accepted and I go back next month, so it looks as though they are still applying discretion thank god.

[ralfhans]

Somewhere i did read before there is a new rule that i have to show 800.000 TBH in my Thai bankbook not at the time of renewal of my visa but already 90 days before?!

Is this true also for renewal of One-Year-Visa or only for new applicants?

Because as you may know the exchange rate is not good at the moment i would like to wait for a better rate in the upcomings weeks or months, but if it is new rule that i MUST HAVE the 800.000 already 90 days before the renewal day, i could do so - but only if needed...!

Does anybody know how what applies to me?

Do you also know the details of the new law?

My next renewal day is 1th of March 2007, so i have to have the money in my bankbook on 1th of December 2006, is this correct?

What happens inside this 90 day period? Can i use my money for living and just refill it to fill back the 800.000 before the extension day, or MUST the total amount be at/above 800.000 all this 90 days?

If i cant touch it 90 days it would be a hidden increase insnt it?

Please no guesses but facts about the new law to this regard, maybe somebody can quote the new rule official text (in english) about this point here?! Thanks!

[lopburi3]

If you will not accept guess how can anyone answer to a rule that has not yet been put to the test?

From all accounts I have seen the money must remain at or above 800k during the 3 month period.

A positive point to this is that Bangkok seems to allow fixed deposit accounts so you can obtain a good interest rate if you use that method. But am not sure you will find that written in any law book either.

[VBF]

On renewals, they are giving leeway. In BKK, they state, it is next year they will be enforcing it on the renewals.

www.sunbeltasiagroup.com

Is that just on renewals, or are they giving any leeway on O visas converted to an "Extension for Retirement"? (IE the first time Retirement application)

[Ned]

What I didn't make clear in my previous post was that even next year (December for me) it looks like I won't need to have the full 800K in the account 3 months before. The official said it will be business as usual....as long as you have a legit looking withdrawal and depositing pattern.