To be able to apply for Thailand Retirement Visa, the foreigner has to meet the following requirements:
- To be eligible for a Retirement visa, the applicant needs to be 50 years old and above.
- You have to meet one of the following Financial requirement:
- deposit an amount of THB 800,000 in a thai bank account. After 2 months you can get a letter from the bank to prove this.
- monthly income or pension of at least THB 65,000. An affidavit of monthly income must be obtained from your embassy or consulate in Thailand to prove this.
- combination of bank account and yearly income with a total of THB 800,000. To support this, updated bank book or letter from the bank, and letter from your embassy must be presented.
For the process of Retirement Visa application:
- You have to get a non-immigrant visa at the Thai embassy in your home country/country of residence. This visa will allow you to enter Thailand and serves as an initial visa.
- Once you have entered Thailand, this initial visa will be converted to One Year Retirement Visa during the last 30 days of your stay.
- Those on retirement visa is not allowed to work or generate any form of income in Thailand
- Holders of the Retirement visa are required to notify the Immigration Office every 90 days about their addresses in Thailand. This is done at the immigration bureau.
- You have to secure Re-entry permit if you will be traveling outside Thailand so your current Retirement visa will not be cancelled.
- Retirement visa is renewable every year and can be done by submitting the same sets of requirements the first time you have applied.
- Recent changes on Importation of Household Effects no longer grants retirees to import their personal effects to Thailand duty free as per Bureau of Customs.
What about a health insurance for retirement visa?
Please refer to this page: Health Insurance Thailand: New Requirement for Retirees