To qualify for a Thai retirement visa, any interested parties must know the basics about the Kingdom’s retirement visa among which:
- The Thai Retirement Visa’s formally known as the Non-Immigrant “OA” Long Stay Visa.
- When granted with the said visa, its holder can continuously stay in Thailand for a year and he can opt to have it renewed annually although requirements would still apply.
- The holder of the said visa is not allowed to actively search for work and earn a living during his stay in the Kingdom.
The applicant needs to obtain a Non-Immigrant Visa first in his home country before applying for retirement visa. What should happen is when granted with a Non-Immigrant Visa, the holder must travel to Thailand and while in the country, he must then apply for a One-Year Retirement Visa.
To qualify for a retirement visa, the applicant must make sure to meet the following requirements:
- He must be at least 50 years old and above on or before the date of application.
- Copies of his valid passport (each copy must be signed).
- He should be already holding a Non-Immigrant Visa.
- Proof of financial requirements
- Photos (3 pcs) 4×5 cm in size.
Re-entry Permit vs Extension of Stay
The extension of stay determines until when the holder of a retirement visa to stay in Thailand. Meanwhile, the re-entry permit is only applicable if the extension of stay is still valid but leaving Thailand without it cancels the visa immediately.
The amount needed by the applicant may be a bit substantial to some but its practicality relies on the fact that the holder of a retirement visa is not allowed to work and earn a living in the Kingdom. The financial requirement is:
- A deposit on a Thai Bank Account totaling 800,000 THB, or
- Monthly income of 65,000 THB, or
- A combination of both the income and the bank account totaling 800,000 THB.
To clarify, the source of the monthly income must come from abroad and not within Thailand.