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Retirement Visa
The Retirement Visa (Non-Immigrant O (OA)) and the Extension of Stay Based on Retirement (extension of the retirement visa) is available for applicants who are over the age of 50. These visas allow the holder to stay in Thailand for an extended period of time of up to 1 year.
What is a Retirement Visa in Thailand?
Retirement visas are single or multiple entry visas which allows the holder to stay in Thailand for an uninterrupted period of 1 year. Retirement visas can be extended for a further year at any local immigration office in Thailand.
In order to qualify for a retirement visa, applicants must satisfy the following criteria:
- Applicant must be 50 years of age or over
- Must be able to meet either of the following financial requirements:
- Security deposit of THB 800,000 in a Thai bank account for 2 months prior to the application
- Monthly Income of 65,000 THB
- Combination of security deposit and annual income with a total of 800,000 THB
• Duration of stay
Holders can stay in Thailand for up to one year.
• Financial Requirements
Applicants must have THB 800,000 deposited in a Thai Bank Account (2 months before application) OR an income of THB 65,000 per month OR a combination of both.
• 90 Day Reporting
If you stay in Thailand for >90 days, you must submit a 90 day report at the local immigration office.
• Leaving and re-entering Thailand?
If you have a multiple entry Visa you can leave and reenter any time. Single entry Visas require a Re-entry permit to be obtained before leaving Thailand.
• Is employment permitted?
Holders of a retirement visa are not permitted to work.
• Further requirements
Applicants may be asked to present the following:
- Police Clearance
- Medical Certificate
- Health Insurance
Pricing
FROM
THB 10,000 *
+ 7% VAT
5 business days
(Average time from the moment we receive
all the required information from you)
* + Government Fees: THB 1,900
Application handled by a visa and immigration expert
Scope of work
- Assistance in the preparation of all required Government forms.
- Assistance in the preparation of the required supporting documents.
- Our Visa expert will accompany the applicant to the Immigration Office and provide assistance with submitting and collecting the application.
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What is the process for obtaining a Retirement Visa?
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Be prepared for obtaining your BOI Licence with our comprehensive and free registration checklist.
Pre-application requirements
Our experts can assist you with the initial steps for applying for your visa. This includes:
- Identifying the correct visa that best fits your needs. For example obtaining a Non-Immigrant O visa or an Extension of Stay based on retirement.
- Walking you through all the relevant mandatory requirements i.e. financial requirements etc
TIMELINE
3 business days
Collecting documents and filing the application
Our team of experts will collect, collate and fill in all the required documents, ready for your signature.
TIMELINE
A few days to collect documents from the parties and prepare the application.
Submission of application
Our visa experts will accompany you to the immigration office to file all the documents and application forms. Our visa expert will also accompany you to collect your visa after the ‘under consideration’ period has been completed.
TIMELINE
One day for filing the application One day for collecting the visa
Post-registration requirements
Our experts can assist with you the any further requirements you may have:
- Opening a bank account
- Obtaining a re-entry permit
TIMELINE
2 days to open a bank account One day to obtain a re-entry permit
Frequently asked questions
Will I get my visa immediately after submitting my application?
No, you will normally receive your visa 15 days after the submission of your application. The reason for this is that after submitting your application you will get an ‘Under Consideration stamp’ in your passport. The Immigration Officers will use this time to go through and check your application. After 15 days, you go back to the Immigration Office and collect your visa.
Can I enter Thailand as a tourist and apply for the Non-Immigrant O Visa and Extension in Thailand?
A foreigner who enters Thailand on a visa exemption stamp or a tourist visa can apply for a retirement visa. However, the applicant must be able to meet the requirements for the non-immigrant O visa or the one year extension visa applications. This can be done at the immigration office in Thailand.
Are there any restrictions to consider when applying for a retirement visa?
Once you have received your retirement visa, you are allowed to stay in Thailand for one year. You are not allowed to undertake employment while on this type of visa. You must report to Immigration every 90 days to verify your current address.
How do I prove I have satisfied the financial requirements?
If using a security deposit, you will need to show an updated passbook/bank book which is in your name and from Thai bank. A letter from the bank clearly stating that at least 800,000 baht was deposited in your account from an overseas source, and has been cleared at least 2 months prior to the date of your retirement visa application is also required.
If using monthly income, you will need to provide a 12-month bank statement showing a regular monthly deposit of 65,000 Thai Baht into a Thai bank account. You will also need a certified bank letter from your Embassy in Thailand.
Can I leave and re-enter Thailand?
If you hold a multiple entry visa, you can enter and leave Thailand as many times as you like during the validity of your Visa.
If you possess a single entry visa or an extension of stay based on retirement, you will need to obtain a re-entry permit. Re-entry permits can be obtained from the Immigration Office.
Explore other Visas
Question Before You Begin? *
Question Before You Begin? *
Speak to our expert by scheduling afree call on how to set up a Retirement Visa in Thailand with Belaws.
(*) This Conversation is intended to provide basic answers to questions you may have about the Visa Retirement. But it is not a Lawyer’s Consultation.
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