Retirement Visa For Thailand

By | September 4, 2013

by Dick
(Brisbane, Queensland, Australia)

Hello,

I was just wondering. I heard a few years ago, that if I want to retire in Thailand, I need to deposit around one million Baht into a Thai Bank. Is this still the same amount needed?

Another question. After my retirement visa is approved. What is likely to happen, if after a few years, the economy got worse, or other unforeseen problems arise and I need to spend some of that money?

Will my retirement visa get canceled if my funds go below the 1 million Thai Baht?

Comments for
Retirement Visa For Thailand

Retiring
by: dennis

I bet its fairly cheap to retire in Thailand, I am also thinking about it but I think it might get hard at the hottest days, yeah you have airco there but its not like you sit at home all day long. 6months home / 6months thailand would be nice for me though.

If you like you can visit my blog as well at http://goedkoop-thailand.jouwweb.nl , most is in dutch but soon I’ll translate the articles to English as well.

ANyway, Have fun with your stay overthere, you make me jealous 😀


Retirement Visa For Thailand
by: Kevin (Webmaster)

Hi Dick
Thanks for visiting our sites & your questions, I actually did my annual visa renewal just a couple of weeks ago, the “scars” are still healing!.

No, not really, it’s just a slow paper pushing exercise that you have to do just once a year.

The key to successfully applying or re-applying for a Thai retirement visa is that you can prove that you have the funds to afford to live in Thailand for a year at a time….just click on the link above for the full article.

There is considerable flexibility in the different places the income & funds can come from, it’s just the overall amount of available funds that the Immigration Department are interested in.

IF, for any reason you cannot show either long term savings or reasonable income that is the point that it could be a little difficult to gain a retirement visa.

The other thing you need to think about is theforeign exchange rate particularly if like me you keep most of your savings “offshore”, the stronger the Thai Baht is against the US$, GBP & Aussie$ the more savings you have to keep aside to meet the 800,000 thb minimum savings.

I hope this information is helpful for you, just contact me again directly if you have additional questions.

Regards
Kevin
Webmaster