Home Thailand Forum Thailand Guide Moving to Thailand Real Estate Healthcare in Thailand
Thailand
Resources
City Guides
JoinSign In
Cigna International Health Insurance

Thailand Expat Forum

Thai 10 year retirement visa ??? Big $$$

Post New Topic
Edgenaples
3/15/2017 13:50 EST

100,000 baht/month income....or 3 million baht in the bank for a year....PER PERSON ? So, my wife and I need double that, which right now would be roughly $5600/monthy or $170,000 in a Thai bank ? Really ??? So, visa runs ???

Post a Reply

00abuse

swegolf56
3/15/2017 22:05 EST

It's per couple. Single also req'd same amount.
Usually can't get retirement visa once in Thailand. Many go to Vientenne. Documents must be notarized usually by embassy, I believe lawyer can also.

Post a Reply

00abuse

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Get a Quote

swegolf56
3/15/2017 22:05 EST

It's per couple. Single also req'd same amount.
Usually can't get retirement visa once in Thailand. Many go to Vientenne. Documents must be notarized usually by embassy, I believe lawyer can also.

Post a Reply

00abuse

Prindle
1/6/2019 15:53 EST

We were advised to enter Thailand on a 90 day Visa and then to open
Thai deposit accounts and apply to switch to a 10 year retirement Visa. Am shocked to read that this is not the case!
What alternative would you suggest ?

Post a Reply

00abuse

hawkesk
1/6/2019 17:05 EST

Thailand is going through a MAJOR shakeup regarding their retirement visa program. It's also referred to as "extension of stay," some picayunes may give you minor grief over this technicality. The current situation is you need to put 800,000 baht into a Thai bank account ($25k-$26k depending on exchange rate) and leave it there, or have a monthly transfer of 65,000 baht to a Thai bank from a source outside the country. You are required to leave the 800,000 in the bank, and if it dips below that amount, you will have trouble obtaining a renewal a year later. That 10-year visa is called "The Elite Visa" and is a ridiculous program meant for people with too much money and too little sense. The WORST part is no immigration office has a handle on what the rules actually are. This is a really bad time to consider retiring to Thailand and I would recommend holding off for at least three months to see what the situation is. This whole insanity was thrust upon expats with virtually NO warning - we just received an email from our respective embassies that the previously convenient program to obtain the paperwork required would no longer be provided.

Post a Reply

00abuse

ken24
1/6/2019 18:24 EST

Not sure I have ever heard of 10 yr retirement visa?? But.. I have been renewing annually a retirement visa. If you qualify for that, why do otherwise?

That said, there are many changes in the system, mostly meant to stop people who have been lying and gaming the system.

good luck... I love living here.

Post a Reply

10abuse

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Get a Quote

ken24
1/6/2019 18:24 EST

Not sure I have ever heard of 10 yr retirement visa?? But.. I have been renewing annually a retirement visa. If you qualify for that, why do otherwise?

That said, there are many changes in the system, mostly meant to stop people who have been lying and gaming the system.

good luck... I love living here.

Post a Reply

00abuse

caughtintheact
1/6/2019 18:24 EST

Specifically what do you mean by "This is not the case' and where did you read it?

I would hesitate to believe much of anything on the Internet unless you can confirm with a very credible source.

The Thai Elite Visa website FAQs are at https://www.thailandelite.com/faqs?locate=en -and https://www.thai-elite.com/elite-visa.html. I suggest you contact them directly with your questions.


As for the safety of Thai banks, I only know of two banks that were recently hacked, Kasikorn Bank and Krung Thai Bank, but there is no indication that money was stolen,but personal data for 120,000 customers. I've been doing banking in Thailand for almost 40 years without any problems at both Bangkok Bank and Kasikorn Bank and online banking since not long after it was implemented, also with no problems.

You might also want ti read this article http://www.nationmultimedia.com/detail/national/30352326

Post a Reply

00abuse

ken24
1/6/2019 18:29 EST

Hi Edge... they are making changes mostly to eliminate the people who were circumventing the system.

That said, I believe it is still 800,000 in a bank and seasoned for 3 months before application.

Hope all is well for you.

Post a Reply

00abuse

caughtintheact
1/6/2019 18:32 EST

You might want to check this out as another option
https://nomadcapitalist.com/2018/01/22/thai-elite-visa/

Post a Reply

00abuse

hawkesk
1/6/2019 18:57 EST

If it's your first extension of stay there is no need for seasoning your money.

Post a Reply

00abuse

Prindle
1/7/2019 04:39 EST

Dear Ken24,

Thank you for your response. The one year, multi entry visa requiring proof of 800,000 Bhart in a UK bank was our first choice as we didnt have to deposit cash in a Thai bank. The only thing that put us off was not knowing if the visa could be renewed in Thailand.
We were pulled towards the new 10 year visa as you didnt have to exit the country every 3 months as is the case with the one year visa however having to deposit 3,00000bt in a Thai Bank makes us quite nervous....hence my query as to the solidity of Thai banks.
Can you advise us as to the best place to exit/re enter every 3 months and, where do you go to renew your visa annually.

Post a Reply

00abuse

Prindle
1/7/2019 04:52 EST

Dear caught in the act.

Thank you for your response and the links you provided. Our information on the 10 year visa was gleaned from the Thai embassy web site in London. We would have prefered to use a one year visa as this only required 800,000 bt but we could not find anywhere that said the one year visa could be renewed annualy within Thailand.
Your opinion on the Thai banks is appreciated as although we have visited Thailand many times we have had no experience with the banks.

Post a Reply

00abuse

Prindle
1/7/2019 05:23 EST

Dear Caught in the act,

Just looked at the "elite" website link you sent ! Had never heard of it but IT IS THE SAME visa. http://www.thaiembassy.org/london/en/services/7742/84508-Non-Immigrant-visas.html. The embassy website just calls it a retirement visa but there are no frills ! ??
Thank you so much for your help. We will probably go down the one year retirement visa route !

Post a Reply

00abuse

caughtintheact
1/7/2019 12:46 EST

Yes, the one year visa extension is renewable within Thailand. I haven't had to leave the country since I returned here in the early 80s. You might also be able to use the monthly income method which requires putting at least Thai baht 65,000 into a Thai bank account each month. Or you might be able to use a combination of monthly income and an annual lump sum to meet the income requirements.
Are you planning to retire here? If not, that would make a difference in the requirements.

Post a Reply

00abuse

caughtintheact
1/7/2019 13:29 EST

This website has what I believe to be the latest retirement requirements (although these could change). The web page is in Thai
https://www.immigration.go.th/content/sv_stay2.23, but here is a ROUGH translation of the relevant portions: (I am expecting the official translation within a few days.

"Criteria for consideration
1. You have to be in a temporary status to apply.
2. You must be 50 years of age or older to apply.
3. You must be able to show evidence that you have income of not less than B65,000 per month.
or
On the date you submit your request you must be able to show that you three months prior to your application, you have deposited B800,000 in a bank in Thailand that remains in the account throughout the first year.. or
4. You can use a combination of monthly deposits and an annual lump sum deposit to total B800,000 per year.
You will need a letter from the bank in Thailand certifying the amount in your account dated within 60 days of your application.

Required documents

1. Request Form Tor. Kor 7 (Application - download from http://bangkok.immigration.go.th/download/form_tm7.pdf )
2. Copy of the applicant's passport (You will need to sign every page
3. Proof of income, such as pensions or interest payments Or dividends, etc. and / or
4. Certificate of deposit from the bank in Thailand and a copy of your bankbook.

The first time you apply, bring a map to show where you are living.
Once your extension of stay for the purposes of retirement is approved, you will need to report your address every 90 days. Be sure to keep the landing card (TM6) which will be given to you by airplane staff to fill out before you arrive. The 90 day report can be made online, by postal mail or in person at the Immigration office. It requires a TM47 form. Download from here: http://www.rmutp.ac.th/en/wp-content/uploads/2014/09/tm47-notifying90days.pdf


Other forms can be fond at http://immigrationbangkok.com/thailand-immigration-forms/

If you are interested in learning a bit more about Thai culture and behavior, I will send you my Thailand Do's and Don'ts document if you PM me and provide an email address (a one time email address will be fine)

Post a Reply

00abuse

Prindle
1/7/2019 14:27 EST

Hi, l think l have lost the plot a bit here. I believed that with the one year retirement Visa you HAD to exit every 90 days ?
The description did say single or multiple entries.....so, you do single entry and just stay ???? Simply report your address every 90 days ! Woooohooooo !!
Tell me l am not dreaming !
Susan

Post a Reply

00abuse

hawkesk
1/7/2019 14:29 EST

You have to visit your local immigration office every 90 days for retirement (called "extension of stay"). You have to exit the country for extending tourist visas in varying lengths of time depending on the tourist visa status.

Post a Reply

00abuse

Prindle
1/7/2019 14:30 EST

Dear Hawkesk,
Thanks for your advice on ATM cards...much appreciated !

Post a Reply

00abuse

Prindle
1/7/2019 14:30 EST

Dear Hawkesk,
Thanks for your advice on ATM cards...much appreciated !

Post a Reply

00abuse

Prindle
1/7/2019 15:57 EST

Okay, thank you for your advice !

Post a Reply

00abuse

Prindle
1/7/2019 15:57 EST

Okay, thank you for your advice !

Post a Reply

00abuse

Prindle
1/7/2019 15:57 EST

Okay, thank you for your advice !

Post a Reply

00abuse

Prindle
1/7/2019 15:57 EST

Okay, thank you for your advice !

Post a Reply

00abuse

Prindle
1/7/2019 15:57 EST

Okay, thank you for your advice !

Post a Reply

00abuse

Prindle
1/7/2019 15:57 EST

Okay, thank you for your advice !

Post a Reply

00abuse

ken24
1/7/2019 16:21 EST

Hi Prin... I try and avoid visa discussions because I don't really know all the rules... I do know what I have to do and how that works for me.

I go for my annual extension and keep 800,000 baht in a Thai bank. I have a family here and actually keep a good bit more. I live here. It is not an inconvenience for me. I have not left Thailand for over 5 years.

I trust Thai banks as much as any. I recently received a check as a settlement for a bank in USA cheating me on commissions.

Yes. The visa regulations are confusing but when I have screwed up or things have 'happened' or whatever - - Immigration has been very helpful and kind in helping me sort things out. This has happened only 2x in nearly 20 years. I sat patiently while they corrected my mistakes.

Living in an 'out of the way' province it has been easy and I just mail in my 90 day notification.

Probably like most, I don't care for paperwork anymore and such... I am recently using a new address in CM and moved to the Immigration office here..

What they do have in CM are visa services who basically for a small reasonable fee, take care of everything for me... what a breeze. I fill out nothing and need to provide a signature as they hold my hand.

I know it all sounds very very confusing and it probably is - - but, once you know what you need to do and repeat it each year, it becomes easier. They give me forms, I fill them out. The important thing is that I fully qualify for the visa I want and so there are no conflicts. In that way, it becomes easy.

If there are so many many many expats here going through the same process, I am sure you can too. Don't make it more complicated than it is... if you qualify, you will be fine.

Post a Reply

00abuse

ken24
1/7/2019 16:29 EST

Hi, l think l have lost the plot a bit here. I believed that with the one year retirement Visa you HAD to exit every 90 days ?
The description did say single or multiple entries.....so, you do single entry and just stay ???? Simply report your address every 90 days ! Woooohooooo !!
Tell me l am not dreaming !
Susan

Hi Susan - simply I have 800,000+ in a Thai bank... I never have to leave the country. I do have to notify every 90 days which I had been doing via post office. Once a year I have to go into an immigration office to renew in person.

If I want to leave the country I need to purchase a re-entry permit or whatever they call it...

I am sure if I tried to figure out all possible visas it would be very confusing... I only need to know what i need to do, which is fairly simple.

Post a Reply

00abuse

Prindle
1/7/2019 16:30 EST

Hi Ken24,
What an absolutely lovely e mail. Thank you so VERY much. Like you we will now go for the one year Visa route. We worried that with this option we would have to leave every 3 months but we now are relieved we can just stay ! Yippeeeee !
Thank you soon muchbxxx

Post a Reply

00abuse

Prindle
1/7/2019 16:30 EST

Hi Ken24,
What an absolutely lovely e mail. Thank you so VERY much. Like you we will now go for the one year Visa route. We worried that with this option we would have to leave every 3 months but we now are relieved we can just stay ! Yippeeeee !
Thank you soon muchbxxx

Post a Reply

00abuse

Prindle
1/7/2019 16:30 EST

Hi Ken24,
What an absolutely lovely e mail. Thank you so VERY much. Like you we will now go for the one year Visa route. We worried that with this option we would have to leave every 3 months but we now are relieved we can just stay ! Yippeeeee !
Thank you soon muchbxxx

Post a Reply

00abuse

Prindle
1/7/2019 16:30 EST

Hi Ken24,
What an absolutely lovely e mail. Thank you so VERY much. Like you we will now go for the one year Visa route. We worried that with this option we would have to leave every 3 months but we now are relieved we can just stay ! Yippeeeee !
Thank you soon muchbxxx

Post a Reply

00abuse

Prindle
1/7/2019 16:30 EST

Hi Ken24,
What an absolutely lovely e mail. Thank you so VERY much. Like you we will now go for the one year Visa route. We worried that with this option we would have to leave every 3 months but we now are relieved we can just stay ! Yippeeeee !
Thank you soon muchbxxx

Post a Reply

00abuse

Prindle
1/7/2019 16:30 EST

Hi Ken24,
What an absolutely lovely e mail. Thank you so VERY much. Like you we will now go for the one year Visa route. We worried that with this option we would have to leave every 3 months but we now are relieved we can just stay ! Yippeeeee !
Thank you soon muchbxxx

Post a Reply

00abuse

Prindle
1/7/2019 16:31 EST

Hi Ken24,
What an absolutely lovely e mail. Thank you so VERY much. Like you we will now go for the one year Visa route. We worried that with this option we would have to leave every 3 months but we now are relieved we can just stay ! Yippeeeee !
Thank you soon muchbxxx

Post a Reply

00abuse

Prindle
1/7/2019 16:31 EST

Hi Ken24,
What an absolutely lovely e mail. Thank you so VERY much. Like you we will now go for the one year Visa route. We worried that with this option we would have to leave every 3 months but we now are relieved we can just stay ! Yippeeeee !
Thank you soon muchbxxx

Post a Reply

00abuse

caughtintheact
1/7/2019 19:22 EST

No, you are not dreaming.
Single and multiple reentry are about permission to leave the country and return.,if you want to leave and return. If you don't get that permission it could jeopardize your retirement status. If you do not plan on leaving the country, then you can forget about single and multiple reentry, When you have an extension of stay for the purpose of retirement you are entitled to stay in the country for a year, and must renew to stay another year. The requirement to leave the country every 90 days does not apply to those approved for an extension of stay because they are retired in Thailand.

Post a Reply

00abuse

Prindle
1/8/2019 14:43 EST

Dear Caughtintheact, what happens if you have a major emergency and must return to Europe, can you ask immigration for a single exit and return entry ? and at what cost ?
Susan

Post a Reply

00abuse

caughtintheact
1/8/2019 15:27 EST

To leave does not require an emergency. The current fees for re-entry permits are as follows: 1,000 Baht for single. 3,800 Baht for multiple. More on re-entry at http://www.thaiembassy.com/thailand/re-entry-permit-thailand.php

Post a Reply

00abuse

Thaihank
1/10/2019 19:45 EST

I have a non immigration retirement visa. You must have
800,000 3 munths before
renewing it and renew once a year. In addition you must
report every 3 months. With a
non immigration Visa you can not work. To leave Thailand you
must get authorization and pay
1000 baht.

Thai Hank

Post a Reply

00abuse

Traveller41
1/27/2019 09:36 EST

Hawkesk,
Thank you for the advice to "wait three months to determine how the Thai Visa program is going to change". I am on the fence right now wanting to move to Thailand but am in no hurry. I can freely come and go to Thailand at this time with my current job.

I am trying to figure out the best way to get a VISA to "get my foot in the door" and start off as a 90 day visitor, work up to one year, and then a 10 year VISA?? for retirement.

I am also trying to figure out how to spread my finances around the planet so that I don't have all of my eggs in one bank.

Please keep advised on any changes you hear about.

Cheers

Post a Reply

00abuse

hawkesk
1/27/2019 11:31 EST

I would highly recommend NOT getting the 10 year visa as it is right now. You still have the requirement of reporting to immigration every 90 days so there is really no distinct advantage other than the inconvenience of renewing annually which is in a state of flux right now. The 10 year visa is a lot of money for little return on investment.

Post a Reply

00abuse

Expatriate Health Insurance

Get a quote for expat health insurance in Thailand.

International Moving Companies

Moving to Thailand? Get a moving quote.


Mail Forwarding to Thailand

Mail Forwarding to Thailand.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Cigna Expat Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance in Thailand from our partner, Cigna Global Health.
Get a Quote

12-Expats-Talk-About-Adjusting-to-Life-in-Thailand12 Expats Talk About Adjusting to Life in Thailand

Expats in Thailand discuss adjusting to life in Thailand - customs, cultural blunders, struggling to learn Thai and more.
Expats in Thailand discuss adjusting to life in Thailand - customs, cultural blunders, struggling to learn Thai and more....

Living-AbroadLiving Abroad: Digital Nomads in Bangkok, Thailand

Digital nomads flock to Thailand for a variety of reasons, and Bangkok is one of the most popular options. Plentiful co-working spaces, good wifi, and amazing food are at the top of the list.

Digital nomads flock to Thailand for a variety of reasons, and Bangkok is one of the most popular options. Plentiful co-working spaces, good wifi, and amazing food are at the top of the list....

Living-AbroadLiving Abroad: Digital Nomads in Chiang Mai, Thailand

The number of people interested in becoming a digital nomad continues to grow, and Chiang Mai is considered by many to be one of the top destinations in the World. Find out why this city in Northern Thailand is so alluring to digital nomads throughout the world.

The number of people interested in becoming a digital nomad continues to grow, and Chiang Mai is considered by many to be one of the top destinations in the World. Find out why this city in Northern ...

Retirement-In-Chiang-MaiAn Expat Shares What it's Like Retiring in Chiang Mai, Thailand

An expat who retired in Chiang Mai Thailand offers some detailed insight into what it means to live abroad there. Health care in Chiang Mai, crime, cost of living and more are covered.

An expat who retired in Chiang Mai Thailand offers some detailed insight into what it means to live abroad there. Health care in Chiang Mai, crime, cost of living and more are covered....

Moving-To-PhuketAn Expat Talks about Moving to Phuket, Thailand

An expat in Phuket tells others moving to Thailand to rent short term at first to give yourself time to check things out. She told newcomers to make friends and be brave - that Thai people are generally very helpful.

An expat in Phuket tells others moving to Thailand to rent short term at first to give yourself time to check things out. She told newcomers to make friends and be brave - that Thai people are genera...

Thailand Guide
Other Links
Our Story Our Team Contact Us Submit an Article Advertising Travel Warnings

Copyright 1997-2020 Burlingame Interactive, Inc.

Privacy Policy Legal