Retire in Thailand

phuketrichard · Post by **phuketrichard** » Fri Jan 18, 2019 8:57 am

step one;
visit ANY thai embassy, apply for a single entry NON O visa for reason of being ;
1.over 50
2.married
3.having a dependent thai child in Thailand

once ur back in Thailand visit banks and apply for account, take ur passport, notification of residency, ( issued at immigration) & thai baht....some will give ya one, some will charge u for insurance ( dont ask me why as i dont understand) some wont, it varies bank to bank
I use bangkok Bank and Siam commercial bank
My Cambodian GF got an account at Kasikorn with only a tourist visa

offroadscholar · Post by **offroadscholar** » Fri Jan 18, 2019 9:28 am

phuketrichard wrote: ↑Fri Jan 18, 2019 8:57 am step one;
visit ANY thai embassy, apply for a single entry NON O visa for reason of being ;
1.over 50
2.married
3.having a dependent thai child in Thailand

once ur back in Thailand visit banks and apply for account, take ur passport, notification of residency, ( issued at immigration) & thai baht....some will give ya one, some will charge u for insurance ( dont ask me why as i dont understand) some wont, it varies bank to bank
I use bangkok Bank and Siam commercial bank
My Cambodian GF got an account at Kasikorn with only a tourist visa

Good info. The whole process sounds fairly painless.

Pizzalover · Post by **Pizzalover** » Fri Jan 18, 2019 1:36 pm

I asked/pointed out the interest aspect because this is usually overlooked. The real cost of a visa is only clear when you include that cost.

5% is excellent for Thai bank and for the 800K mandatory deposit. I had seen interests rate of 0% for expat accounts.

phuketrichard · Post by **phuketrichard** » Fri Jan 18, 2019 2:13 pm

I wish 5%.
i wrote.5%

davegorman · Post by **davegorman** » Fri Jan 18, 2019 4:01 pm

7% in Cambodia.

CEOCambodiaNews · Post by **CEOCambodiaNews** » Fri Feb 01, 2019 8:09 am

CONFIRMED: Foreigners now need to keep 800k in Thai bank for three months AFTER retirement extension is granted
01/02/2019
Thai immigration have announced a major change regarding the financial requirements needed when applying for an extension of stay based on retirement, often referred to as a retirement visa.

Confirmed in police order No. 35/2561 obtained by Thaivisa, foreigners who apply for a retirement extension using the 800k baht in the bank or the combination of income method now need to keep 800k baht in the bank for three months after the extension and 400k baht in the bank after that.

Foreigners must still be able to show the 800k baht in a Thai bank two months before the application for the retirement extension.

The requirements for a retirement extension according to the new police order are as follows:

(1) Must have been granted a non-immigrant visa (Non-Im)

(2) Must be 50 years of age or over

(3) Must have evidence of having income of no less than THB 65,000 or;

(4) At least 2 months prior to filing date, and at least 3 months after being granted permission, the alien must have fund deposited in a bank in Thailand of no less than THB 800,000. The alien can withdraw the fund 3 months after being granted permission and the remaining balance must be no less than THB 400,00 or;

(5) Must have and annual earning and fund deposited with a commercial bank in Thailand totalling of no less than THB 800,000 until the filing date. The said fund must remain in the account prior to and after the permission is granted and the alien can make a withdrawal under the same conditions as stated in (4).

The new requirements to keep 400k baht in the bank for three months after the retirement visa is granted is effective from 1st March 2019.

The new requirements are likely the result of immigration officials trying to put an end to the practice of visa agents falsifying bank statements for foreigners who do not have enough money to meet the financial requirements needed for a retirement extension.
http://www.samuitimes.com/confirmed-for ... s-granted/

Post by **Clutch Cargo** » Fri Feb 01, 2019 8:31 am

CEOCambodiaNews wrote: ↑Fri Feb 01, 2019 8:09 am CONFIRMED: Foreigners now need to keep 800k in Thai bank for three months AFTER retirement extension is granted
01/02/2019
Thai immigration have announced a major change regarding the financial requirements needed when applying for an extension of stay based on retirement, often referred to as a retirement visa.

Confirmed in police order No. 35/2561 obtained by Thaivisa, foreigners who apply for a retirement extension using the 800k baht in the bank or the combination of income method now need to keep 800k baht in the bank for three months after the extension and 400k baht in the bank after that.

Foreigners must still be able to show the 800k baht in a Thai bank two months before the application for the retirement extension.

The requirements for a retirement extension according to the new police order are as follows:

(1) Must have been granted a non-immigrant visa (Non-Im)

(2) Must be 50 years of age or over

(3) Must have evidence of having income of no less than THB 65,000 or;

(4) At least 2 months prior to filing date, and at least 3 months after being granted permission, the alien must have fund deposited in a bank in Thailand of no less than THB 800,000. The alien can withdraw the fund 3 months after being granted permission and the remaining balance must be no less than THB 400,00 or;

(5) Must have and annual earning and fund deposited with a commercial bank in Thailand totalling of no less than THB 800,000 until the filing date. The said fund must remain in the account prior to and after the permission is granted and the alien can make a withdrawal under the same conditions as stated in (4).

The new requirements to keep 400k baht in the bank for three months after the retirement visa is granted is effective from 1st March 2019.

The new requirements are likely the result of immigration officials trying to put an end to the practice of visa agents falsifying bank statements for foreigners who do not have enough money to meet the financial requirements needed for a retirement extension.
http://www.samuitimes.com/confirmed-for ... s-granted/

lol thai rak alien so mutt

phuketrichard · Post by **phuketrichard** » Fri Feb 01, 2019 12:06 pm

xīn nián kuài lè

yep this is going to fuck lots of people
if ur rich,Thailand wants you, (get the 10 year Elite visa) if not....fuck off

66 pages in about 24 hours on thai visa>>>>

logos · Post by **logos** » Fri Feb 01, 2019 12:28 pm

phuketrichard wrote: ↑Fri Feb 01, 2019 12:06 pm xīn nián kuài lè

yep this is going to fuck lots of people
if ur rich,Thailand wants you, (get the 10 year Elite visa) if not....fuck off

66 pages in about 24 hours on thai visa>>>>

You call having $25k to your name when you're 50+ being rich?

phuketrichard · Post by **phuketrichard** » Fri Feb 01, 2019 1:45 pm

logos wrote: ↑Fri Feb 01, 2019 12:28 pm
phuketrichard wrote: ↑Fri Feb 01, 2019 12:06 pm xīn nián kuài lè

yep this is going to fuck lots of people
if ur rich,Thailand wants you, (get the 10 year Elite visa) if not....fuck off

66 pages in about 24 hours on thai visa>>>>
You call having $25k to your name when you're 50+ being rich?

Call it what u want, but leaving $25,000 in a thai bank is beyond the means of many, plus having money to live on while the 25 grand is in the bank an ur not working
How many of you all in Camboida have enough $$ to just park 25 grand in the bank at .75% interest?
I venture to guess very few, surely no teachers earning $800-1,200/month

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