Visa-Faq.com

can you work on a retirement visa in thailand

by Miss Rhea Gutkowski Published 2 years ago Updated 1 year ago
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RESTRICTIONS ON RETIREMENT VISA
The retirement once approved allows you to stay in Thailand for one year. You are not allowed to have employment while on this type of visa. Also you must report to Immigration every 90 days to verify your current address.

How to get a Thai visa for retirement?

If you’re married to a Thai national, you can get a non-immigrant visa O based on marriage from the Thai embassy nearest to you or in Thailand at an immigration office. The financial requirements are a little easier to manage. So this visa is great for those who don’t have enough funds to get a retirement visa. Now, on to You

Is health insurance required for retirement in Thailand?

Since April 2019, there’s a new regulation requiring you to have health insurance with 400,000 baht IPD coverage and 40,000 baht OPD coverage in order to apply or extend a retirement visa. The new regulation is officially confirmed in the end of October 31, 2019. Currently, it seems like only local insurance is accepted.

What are the financial requirements to apply for a Thai visa?

The financial requirements must be met by each applicant which can be either having 800,000 baht savings in a local Thai bank or declaring their monthly income/pension of at least 65,000 baht.

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How long can you stay in Thailand with a retirement visa?

1 yearA Thai retirement visa will allow you to stay in Thailand for a period of 1 year (12 months), and it can be renewed annually. There are no limitations on the amount of times you can renew a Thai retirement visa as long as you continue to meet all the visa requirements.

What type of visa is retirement visa in Thailand?

Non-Immigrant O VisaThailand retirement visa is the popular term for "Extension of Stay Based on Retirement”. It is an extension of a Non-Immigrant O Visa or Non-Immigrant OA Visa. The visa can be valid either for a single entry or multiple entries.

How much money do you need for a retirement visa in Thailand?

Retirement Visa Qualifications Must meet any of the financial requirements: Security deposit of THB 800,000 in a Thai bank account for 2 months prior to the visa application. Monthly Income of 65,000 THB regularly deposited in a Thai bank account.

How much is a 1 year retirement visa in Thailand?

2,000 Thai BahtFor a 1-Year Thai Retirement Visa (Single-Entry): 2,000 Thai Baht. For a 1-Year Thai Retirement Visa (Multiple-Entry): 5,000 Thai Baht. For a 5-Year Thai Retirement Visa: 10,000 Thai Baht.

How much is a 5 year visa in Thailand?

Starting Jan. 1, the Easy Access -- one of the nine elite-visa packages -- will be offered for 600,000 baht ($19,850), up from the current 500,000 baht, according to Thailand Privilege Card, the operator of the elite visas.

How much is a 10 year visa in Thailand?

The visa fee is 10,000 Baht (or local currency equivalent if applying outside Thailand). (b) Applicants must have money deposited in Thai bank located in Thailand with the amount of not less than 1.8 million Baht and have income with the amount of not less than 1.2 million Baht per year.

What is a good salary in Thailand?

Thailand has a salary range of 24,500 THB (734 USD) to 433,000 THB (12984 USD) in a month. And its average monthly salary is 96,900 THB (2904 USD). The country has a median salary of 103,000 THB per month, implying that 50% of the Thai population earns more than 103,000 THB, while the other 50% earns below 103,000 THB.

How do I extend my Thai retirement visa?

During this initial 90-day period, the applicant can apply for a Thai Retirement Visa renewal at their nearest Royal Thai Immigration Department, which for most people in Bangkok is at Chaeng Wattana. The Thai Immigration will then issue a Retirement Visa, granting an extension of stay for up to 12 months.

What is the difference between a Thai O visa and a Thai OA visa?

The Non-Immigrant Retirement Visa In fact, there is a distinction being made by some between an O-A (which is supposedly only issued at an embassy or consulate outside of Thailand) and an O visa extension based upon retirement (which is supposedly only issued in Thailand).

What are the requirements for a retirement visa?

You can apply for a retirement visa if you meet the following criteria: You are over the age of 55 (65 in some countries). You have a specific monthly income (the amount varies from country to country). You are from a country with a retirement agreement with your destination country.

What is difference between O and OA visa?

The Non-Immigrant Retirement Visa In fact, there is a distinction being made by some between an O-A (which is supposedly only issued at an embassy or consulate outside of Thailand) and an O visa extension based upon retirement (which is supposedly only issued in Thailand).

What is retirement visa?

A retirement visa is a residence permit that allows you to spend your retirement years in a foreign country. To qualify for this type of visa, you must be at retirement age and have enough money to support yourself.

How do I get a 1 year visa for Thailand?

One Year Extension of Stay It is valid for 90 days and it can be issued by the Thai consulate or embassy from the country of residence or it can be issued in Thailand. Once the applicant receives this visa, he/she must open a bank account in Thailand and transfer the required funds of 800,000 THB.

How can I get LTR visa in Thailand?

Register, and submit online, an application for qualification endorsement for an LTR visa, together with the supporting documents. Applicants will be notified of the result within 20 working days after receipt of the completed documents.

Where to apply for retirement visa in Thailand?

If you meet the Thailand Retirement Visa requirements outlined below, you can apply for the visa at the Royal Thai Embassy or Thai Consulate in your home country before you travel. Alternatively, and something that is becoming increasingly popular with those turning retirement age whilst in the Kingdom, is to apply at the Thai Embassy or consulate in one of Thailand’s neighbouring countries such as Laos, Myanmar or Cambodia.

How long is a Thai retirement visa valid?

The first Retirement Visa for Thailand that will be issued will be a Single-Entry Non-Immigrant O (Retirement) Visa which will be valid for 90 days. During this initial 90-day period, the applicant can apply for a Thai Retirement Visa renewal at their nearest Royal Thai Immigration Department, which for most people in Bangkok is at Chaeng Wattana. The Thai Immigration will then issue a Retirement Visa, granting an extension of stay for up to 12 months. Although the new visa will again only be a single-entry visa, it is possible to apply for a re-entry permit (see below), which will allow you to re-enter without needing to renew your Retirement Visa for Thailand.

How much money do I need to retire in Thailand?

The 10 Year Retirement Visa for Thailand requires applicants to have a minimum of THB3 million in a Thai savings or fixed deposit account OR at least THB1.8 million in a Thai savings or fixed deposit account and an income of THB1.2 million or more per annum. A balance of THB1.5 million must be retained in the bank account for the duration of the visa.

How often do you have to report to Thailand for retirement?

90-day Reporting. For most people, as part of their Retirement Visa Thailand requirements, they will be required to report to a Thai Immigration office every 90 days. Although the process is easy to complete, it can be inconvenient attending the immigration office in person.

How long does it take to get a Thai stamp?

As the process can take up to three weeks to be completed, you will need to apply almost immediately if you have entered the country using a 30-day exempt stamp. The application would need to be submitted to your nearest Thai Immigration Department.

How old do you have to be to get a visa?

The main restriction for the visa is that you must be 50 years of age or above

How long is expat insurance valid?

However, this insurance may only be valid until the age of 70, with restrictions also in place regarding starting ages. Expatriate insurance designed specifically for expats often allows members to remain in the scheme regardless of age so long as they joined before a specified age, typically 75.

How old do you have to be to retire in Thailand?

To get a retirement visa in Thailand, you must be at least 50 years old, have no criminal record in your home country and in Thailand, and have no prohibitive diseases, which the Thai Embassy lists as Leprosy, Tuberculosis, drug addictions, Elephantiasis, and Syphilis in its third phase.

How long before Thai visa expires can I renew it?

The process is the same as when you first applied. But you should start your renewal process about 15 days before your visa expires. This will give you plenty of time for adjustments if Thai Immigration asks for more documents.

What is the best thing about Thailand Elite?

The best thing about the Thailand Elite Visa is that it significantly decreases the time and headaches of dealing with paperwork and immigration officers, and it keeps you updated with the everchanging retirement visa requirements.

What to do if you don't have a Thai bank account?

If you don’t have a Thai bank account yet, it is possible to get a financial statement or a proof of income from your home country.

What is the difference between a non-immigrant visa and a re-entry permit?

The application process is the same as applying for a non-immigrant O visa. The only difference is that at the end of this process, you must get a re-entry permit.

Where can I renew my Thai visa?

If you want to renew your visa outside of Thailand, you can re-apply at the nearest Thai Embassy.

What are the options for a non-immigrant visa?

You’ll have two options when getting your non-immigrant OA visa: single-entry or multiple-entry.

How to get a retirement visa in Thailand?

You will be able to get a retirement visa and your wife and daughter will get a dependent visa. You only need to meet the financial requirement and your wife will only show proof of marriage as well as the birth certificate of your daughter. All of you will require a non-immigrant O visa issued by a Thai embassy or consulate in your home country. You will enter Thailand using the non-immigrant O visas. Once you are in Thailand, you will set up the bank account and deposit 800,000 THB. Two months later, you, your wife and your daughter will apply for the 1-year extension at the local immigration office in the province where your family resides.

How much money do I need to retire in Thailand?

For retirement visa to Thailand, you must have 800,000THB in a Thai bank account for at least 2 months per person per bank account.

How much money do I need to get a Thai passport?

The financial requirements must be met by each applicant which can be either having 800,000 baht savings in a local Thai bank or declaring their monthly income/pension of at least 65,000 baht.

Can I sponsor my Filipina girlfriend for a retirement visa?

Thank you for contacting us regarding your concern. You can apply for the retirement visa while you can sponsor your Filipina girlfriend for the dependent visa based on your retirement visa since she is under 50 years old. Should you have further questions or you require assistance from our Thai visa expert, please send an email to [email protected].

Can a Thai wife be a dependent?

Yet, if your wife has not reached the age of 50, she can act as your dependent. Note that if you have a Thai wife you can apply for a marriage visa which has lower requirements.

Can my wife apply for a dependent visa?

If your are over 50 years old and your wife is under 50, she can apply for a dependent visa.

Do I need a Thai visa for my wife?

Rex. For your wife and son, if they are able to enter Thailand using Thai passport, there is no need for a Thai visa for both of them. For you, you can obtain a marriage visa or a retirement visa. The different between the two is the funds required to be deposited in a Thai bank.

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