Retirement visa in Thailand.
Thailand has become a popular choice of many Westerners when it comes to choosing a retirement destination – it is warm, exotic and offers a huge variety of things to see and do. Generally, there are two ways to proceed to obtain the retirement visa.
The first is to apply for a non-immigrant O-A (retirement visa) visa prior to arrival in Thailand. The second, and perhaps easier option, is to enter Thailand on a different form of visa* and then change your status. Subject to meeting certain criteria, there is a procedure by which you can then extend your stay in 12 monthly increments on the basis of your retirement.
Retirement visa requirements.
The basic requirements for the granting of extension of stay on the basis of retirement are that you:
- Are aged 50 years or over**
- Satisfy basic criminal, character and health checks
- Meet minimum financial requirements
- Are not employed in Thailand (even in a voluntary capacity)
The asset and income requirements are simply to ensure that you can adequately support yourself, and will not become a drain on the Thai community.
You must be able to verify that you hold:
- A Thai bank account holding at least 800,000 THB OR
- An ongoing source of income, such as a pension, of at least 65,000 THB per month OR
- A combination of 1 and 2 (Thai bank account + monthly income x 12 = 800,000)