Registered address: Baan Wada Park, No: 21/5, Unit: 205, 2nd Floor, Ramkhamhaeng Road 8 Yaek 4, Hua Mark, Bangkapi, Bangkok 10240 (By appointment only)

[email protected] / [email protected] / +66 84-658-6864 / +66 89-787-7890

RETIREMENT IN THAILAND AND THAILAND RETIREMENT VISA

Nowadays, there are many best places around the world to suit in retiring. One of those countries is Thailand. In this country, you can live comfortably with your Savings, Pension or Social Security income.

There are Three Main Factors why Thailand is the appropriate place for retirees to live here:

Retirees who limitedly have incomes or even for unemployed person.
Low cost of living in Thailand when comparing to other countries in the world, especially Western zone. For example, you can live happily here with your monthly budget around 1,500 USD/1,000 GBP/1,000 EUR/1,800 AUD.
Way of life and weather conditions, enjoy with the urban life (living in towns and cities) or the rural life and simplicity (in northern, northeastern, southern zone) including weather atmosphere (not too cold and all-year-round sunshine).

If the above factors are your answers, you can start to Retire Here (The Land of Smiles, Thailand).

Qualifications of an applicant and Requirements for a Thailand Retirement Visa.

A foreign national whose age is over 50 years or above
Must be able to present the financial evidence between:

*(If you are an American/British/Australian passport holder and your embassy is no longer to do the income/pension verification and you would like to show the monthly income/pension (above 65,xxx THB per month). It is still possible but (US/UK/Australian) applicants have to keep transferring the income/pension into their own Thai bank accounts every single month. Thai immigration will want to prove the last 12 month credit advice provided by your Thai bank.)*

Not being prohibited from entering the Kingdom under the Immigration Act B.E.2522 (A.D.1979)
No criminal record of the Kingdom of Thailand, the country of national and country of permanent residence as well. (will only be needed for the O-A Visa.)
Holding the nationality or permanent residence of the country of application
No medical record of contagious disease. (will only be needed for the O-A Visa)
Medical Insurance 100,000 USD (3 million Baht) required for the Non-Immigrant O-A Visa application or Retirement Visa (based on the O-A Visa).
**Update: The Thai Government and the Thai immigration authorities will anyway be reducing the policy coverage to 400,000 Thai Baht soon for the Non-OA Visa Holder.**
No permission of working in Thailand.

VARIOUS OPTIONS/PLANS FOR PROCEEDING YOUR RETIREMENT VISA

There are 6 PLANS/OPTIONS as follows:

THE 1st PLAN/OPTION, If you are living in USA or Canada or United Kingdom;

Any applicant who wishes to directly apply for the Non-Immigrant O-A Visa and would not mind to show the additional requirements (Criminal Record Check/Police Clearance/Medical Certificate/Health Insurance), they probably choose to apply for the Non-OA Visa in his/her home country. Here's the Non-Immigrant O-A Visa requirements:

Biodata page of Passport or Travel Document (Must be valid within 18 months from travel date)
Applicant's photograph, taken within the last six months
Proof of the permanent residence in the country where the application is submitted OR Document indicating current location
Financial evidence showing monthly income of no less than 65,000 THB (around 2,500 USD/2,600 CAD/1,500 GBP) or having the current balance of 800,000 THB (around 30,000 USD/32,000 CAD/18,000 GBP), e.g. recent bank statements showing the applicant's name, proof of the applicant's monthly income
Medical certificates issued from the country where the application is submitted, showing no prohibitive diseases as indicated in the Ministerial Regulation No.14 (B.E. 2535) (certificate shall be valid for not more than three months)
Foreign Insurance Certificate as stipulated by the Office of Insurance Commission and Health Insurance of Thailand, which must be completed, signed and stamped by the insurance company.

*In case of a foreign insurance company, the applicant must submit the insurance policy document; Foreign Insurance Certificate as stipulated by the Office of Insurance Commission and Health Insurance of Thailand, which must be completed, signed, and stamped by the insurance company.*

Health Insurance issued by a Thai or foreign insurer with the total sum insured of no less than 100,000 USD or 3,000,000 THB per policy year

**Update: The Thai Government and the Thai immigration authorities will anyway be reducing the policy coverage to 400,000 Thai Baht soon for the Non-OA Visa Holder.**

Certificate of criminal record clearance from the related department of the country where the application is submitted.

*You can also initiate with a Non-Immigrant O Visa (pensioner aged 50 or above with state pension) via the Thai E-Visa System. This visa is valid for 90 days and it can be extended to the Retirement Visa inside Thailand.*

*The financing needs are monthly income of no less than 65,000 THB (around 2,500 USD/2,600 CAD/1,500 GBP) or having the current balance of 800,000 THB (around 30,000 USD/32,000 CAD/18,000 GBP), e.g. bank statements, proof of earnings*

If you think that the conditions are sophisticated, you can skip to THE 5th PLAN/OPTION or THE 6th PLAN/OPTION.

THE 2nd PLAN/OPTION, If you are residing in EU or Schengen or EEA or EFTA Zone;

Biodata page of Passport or Travel Document (Must be valid within 18 months from travel date)
Applicant's photograph, taken within the last six months
Proof of the permanent residence in the country where the application is submitted OR Document indicating current location
Financial evidence showing monthly income of no less than 65,000 THB (around 1,700 EURO) or having the current balance of 800,000 THB (around 22,000 EURO), e.g. recent bank statements showing the applicant's name, proof of the applicant's monthly income
Medical certificates issued from the country where the application is submitted, showing no prohibitive diseases as indicated in the Ministerial Regulation No.14 (B.E. 2535) (certificate shall be valid for not more than three months)
Foreign Insurance Certificate as stipulated by the Office of Insurance Commission and Health Insurance of Thailand, which must be completed, signed and stamped by the insurance company.

Health Insurance issued by a Thai or foreign insurer with the total sum insured of no less than 100,000 USD or 3,000,000 THB per policy year

**Update: The Thai Government and the Thai immigration authorities will anyway be reducing the policy coverage to 400,000 Thai Baht soon for the Non-OA Visa Holder.**

Certificate of criminal record clearance from the related department of the country where the application is submitted.

*The financing needs are monthly income of no less than 65,000 THB (around 1,700 EURO) or having the current balance of 800,000 THB (around 22,000 EURO), e.g. bank statements, proof of earnings*

If you think that the conditions are perplexing, you can skip to THE 5th PLAN/OPTION or THE 6th PLAN/OPTION.

THE 3rd PLAN/OPTION, If you are staying in Australia or New Zealand or Oceania or Asia;

Biodata page of Passport or Travel Document (Must be valid within 18 months from travel date)
Applicant's photograph, taken within the last six months
Proof of the permanent residence in the country where the application is submitted OR Document indicating current location
Financial evidence showing monthly income of no less than 65,000 THB (around 2,800 AUD/3,100 NZD/2,500 USD) or having the current balance of 800,000 THB (around 35,000 AUD/38,000 NZD/30,000 USD), e.g. recent bank statements showing the applicant's name, proof of the applicant's monthly income
Medical certificates issued from the country where the application is submitted, showing no prohibitive diseases as indicated in the Ministerial Regulation No.14 (B.E. 2535) (certificate shall be valid for not more than three months)
Foreign Insurance Certificate as stipulated by the Office of Insurance Commission and Health Insurance of Thailand, which must be completed, signed and stamped by the insurance company.

Health Insurance issued by a Thai or foreign insurer with the total sum insured of no less than 100,000 USD or 3,000,000 THB per policy year

**Update: The Thai Government and the Thai immigration authorities will anyway be reducing the policy coverage to 400,000 Thai Baht soon for the Non-OA Visa Holder.**

Certificate of criminal record clearance from the related department of the country where the application is submitted.

*The financing needs are monthly income of no less than 65,000 THB (around 2,800 AUD/3,100 NZD/2,500 USD) or having the current balance of 800,000 THB (around 35,000 AUD/38,000 NZD/30,000 USD), e.g. bank statements, proof of earnings*

If you think that the conditions are complicated, you can skip to THE 5th PLAN/OPTION or THE 6th PLAN/OPTION.

**THE 4th PLAN/OPTION (*RECOMMENDED),**

If you are in Thailand now with a Non-Immigrant Visa and looking to change to a Retirement Visa. Please make sure that you are holding a non-immigrant B/ED/M/RS/O/O-A visa. Next, we will check and see that if you can comply to the financial requirements;

The financing requirements are:

- Pension of at least 65,000 THB *(This option will only be working, if the applicant's embassy in Thailand has still been providing the income verification service.)*OR

- The required balance of 800,000 THB in your Thai bank account OR

- Pension x 12 months + Saving moneys totaling not less than 800,000 THB *(This option will only be working, if the applicant's embassy in Thailand has still been providing the income verification service.)*

*(Renewing/Extending the Retirement Visa before 45 days), If you are needing to renew/extend your Non-O or Retirement Visa before 45 days due to the emergency situation/the urgency of your matter. We can help you with the visa extension/renewal through the fast track process, if needed. We have been doing that through our officers at the Thai immigration HQ.*

*(Changing Visa Type/Status to Retirement Category), In the case of holding a working/business visa OR a Thai family (wife/husband/child) visa OR a media visa OR an official visa and you would like change the reason of staying to Retirement category. We can also assist you with changing the visa status through a backup plan. You will just have to make the official cancellation of the Non-B/Non-O Family)/Non-M/Non-F visa first. After the official cancellation, we will be able to convert to the Retirement Visa, without having to leave Thailand.*

Note: Thai medical insurance is only needed in the case of holding the Non-Immigrant O-A Visa or extending the retirement visa based on the O-A Visa. For other visa types, applicants do not have to show the Thai medical insurance.

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**THE 5th PLAN/OPTION (*RECOMMENDED),**

If you are entering or currently in Thailand on a 60 Day Visa Exemption or a 30 Day Extension or a Single Entry/Multiple Entry Tourist Visa or an APEC Visa;

We can also help you to change from the visa exemption/tourist visa/APEC visa into a Non-Immigrant Visa and extend to the Retirement Visa at the Thai Immigration Office.

In order to proceed the Non-Immigrant Visa + the Retirement Visa via the Option 5, here's the basic requirements:

Your passport remaining 12 months before expiration
The current permission (on the 60 day visa exemption/the 30 day extension/the Single/Multiple Entry Tourist Visa/Apec Visa) must remains not less than 15 days at the time of converting to the Non-Immigrant Visa. *(We usually help our clients to proceed with the Non-O + Retirement Visa within the first/second week upon their arrival in Thailand.)*
Four passport photos
The financing needs are:

- Pension of at least 65,000 THB *(This option will only be working, if the applicant's embassy in Thailand has still been providing the income verification service.)*OR

- The required balance of 800,000 THB in your Thai bank account OR

*(If you are an American/British/Australian passport holder and your embassy is no longer to do the income/pension verification and you would like to show the monthly income/pension (above 65,xxx THB per month). It is still possible ((when renewing your retirement visa)) but you have to keep transferring the income/pension into their own Thai bank accounts every single month. Thai immigration will want to prove the last 12 month credit advice provided by your Thai bank.)*

**If you don't have a Thai bank account, we can also help you setting up a Thai bank account while you are in Bangkok.**

Note: Thai medical insurance is not needed in any case through the Fifth Type/Option.

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**THE 6th PLAN/OPTION (*RECOMMENDED),**

If you are neither unable to meet with financial requirements nor the Thai medical insurance, you can contact us directly to get more details about this option. We can also support you in this situation.

Thai Retirement Visa No Funds:

If any applicants are inconvenient or unable to meet with the financial requirements;

Here's the items needed:

Your actual passport
Three passport photos with white background are required at the first time of application OR Two passport photos are needed for the visa renewal.
Your Thai bank account with the mobile banking app registered on your smartphone/tablet and the Thai phone number (Let us know what Thai bank you do have the account with.)
**If you don't have a Thai bank account, you can contact us to get assistance in setting up a bank account.**

Opening a bank account Thailand:

Generally, Only the Non-B, Non-IM, Non-IB, Non-O, Non-OA, Non-ED, Non-R, Non-RS, Non-F (Official), Diplomatic, Expert, Elite, Non-OX or LTR Visa holder are allowed to open Thai bank accounts.

For the 60 Day Visa Exemption or the Single/Multiple Tourist Visa holder, if you are looking for an assistance to setup a Thai bank account, we can assist you with this matter. We ask you to prepare the following basic items:

Your actual passport
The 60 Day Visa Exemption or the 30 Day Extension or the Tourist Visa (remaining not less than 28 days at the time of setting up the bank account)
Your valid Driving License/ID Card issued by your home country

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Related Thai visa topics:

Channels to submit the Retirement Visa Application More info >>

Thailand Retirement Visa FAQs More info >>

DTV (Destination Thailand Visa) More info >>

Types of Thai Visas More info >>

**7 Reasons why our clients choose Siamese Visa Service (SVS)**

Siamese Visa Services (SVS):	Official Services:
1. Completed visa application forms filled out by our Thai visa specialist team.	1. You need to fill in forms by yourself.
2. Supporting documents which is matched to your purpose of staying in Thailand.	2. You must directly check with the government sector about required documents.
3. Updated Checklist indicated to all of required items for the application	3. You must directly check over the phone or via their websites.
4. Express Service (All of paperwork can be arranged within 12-24 hours.)	4. You must spend more time to prepare the involved paperwork by yourself.
5. Our Thai visa specialist team is available to support you both of the online and offline (24/7 chat and email support.)	5. You can only contact the government sector during business hours (Mon-Fri), You cannot also reach them during Public’s holidays. Then you have to wait until they reopen.
6. We can complete all the Non-O + Retirement Visa Application within one working day through our officers at the Thai immigration HQ.	6. You will have to wait for the 30 days approval and may be requested additional documents (upon their request).
7. We also have the money back guarantee service.	7. No Refund, if the application is unsuccessful.

Get in Touch with Siamese Visa Service:

[email protected] / [email protected] / +66 84-658-6864 / +66 89-787-7890