how much does a retirement visa cost in thailand

Full Answer

How much does a Thai retirement visa cost?

• For 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 to obtain a retirement visa in Thailand?

How to Obtain a Retirement Visa in Thailand: STEP 1: OBTAIN A NON-IMMIGRANT VISA Requirements: Passport (at least one year remaining before expiration) You must be holding nationality or permanent residence of the country of application; Proof of Funds; STEP 2: OBTAIN A ONE-YEAR RETIREMENT VISA Requirements: Must be 50 years old and above

What are the requirements to retire in Thailand?

To successfully apply for a 1-year retirement visa, the Thai government requires you to:

• Be 50 years old or older
• Pass a criminal background check
• Possess a valid passport that is good for a least 1 year
• Place a security deposit of at least $24,500 in a Thai bank 2 months before applying or show a minimum monthly income or pension of $2,000

How to get a 6 month visa for Thailand?

• you have to apply from your country of residence
• you have to show a solid bank statement of USD 7,000 during the past 6 months
• you have to show confirmed flight and hotel information for your first visit
• maximum total stay about 9 months compared to about 12 months with the old triple entry tourist visa

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Can you get a retirement visa in Thailand?

A Thai retirement visa is available for foreign nationals over 50 years of age who wish to retire in Thailand. This visa can be applied for in Thailand or while overseas, at a Royal Thai Embassy or Royal Thai Consulate. When applied for within Thailand it is officially known as a Non-Immigrant O-Long Stay Visa.

What are the requirements to retire in Thailand?

Meeting the Financial Requirements for a Retirement Visa: Thai Bank Account showing THB 800,000 or. Monthly income of at least THB 65,000 (income affidavit from your embassy in Bangkok) or. Combination (Bank Account + Annual Income = THB 800,000)

How much is a 5 year visa in Thailand?

Non-Immigrant Visa “O-X” (Long Stay) (5 years according to visa validity plus an extension for another 5 years). The visa fee is 10,000 Baht (or local currency equivalent if applying outside 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.

How much bank balance is required for Thailand visa?

Evidence of adequate finance e.g. Current Bank Solvency and Bank Statement of the last 6 months with satisfactory transaction (at least 20,000 Baht per person and 40,000 Baht per family OR 60,000 Taka per person and 120,000 Taka per family). Only original Bank Statement and Bank Solvency Letter are acceptable.

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.

Is Thai elite visa worth it?

If you're able to afford 10,000 baht a month and live hassle-free with this visa, then it's totally worth it with all the conveniences you get. On the other hand, if you're eligible for other long-term visas and don't mind dealing with paperwork and the bureaucratic system, then the Elite Visa isn't for you.

Who qualifies for Thai elite visa?

Thai Elite Visa Qualifications Being allowed to stay in Thailand in accordance with the immigration laws, which means the applicant has no overstay record in Thailand. No age limit is required for this program apart from the Elite Ultimate Privilege (Grand Package) which requires to be at least 20 years old.

Which country has the easiest retirement visa?

Belize. Belize is the easiest residency program for retirees. If you have about $2,000 a month in guaranteed payments, you can become a resident of Belize through their QRP program.

What is the easiest country to retire to?

According to various studies, including International Living, Portugal is ranked as the best country for US expats to retire to. Its friendly population, welcoming community of American expats, excellent weather, safety records, and affordable cost of living are all big draws for retirees.

Can I change from tourist visa to retirement visa in Thailand?

The foreigner on a visa exemption stamp or a tourist visa can still apply for a retirement visa given that the foreigner has already met the requirements for the non-immigrant O visa and for the one year extension visa applications. This can be done at the immigration office in Thailand.

How can I retire early in Thailand?

You can apply for a 60- or 90-day visa from your home country through the Thai Embassy or Consulate or apply for a retirement visa. To qualify, you must be 50 years of age and be able to show an adequate income from outside Thailand or deposit 800,000 baht ($25,400) in a Thai bank.

How hard is it for Americans to move to Thailand?

When moving to Thailand, you'll need to get a visa – a requirement by Thai Immigration Law. Most people who move to Thailand do so with a tourist visa (valid for 60 days) or a non-immigrant visa which is initially valid for 90 days and which will then need to be extended through Thai Immigration.

How can I stay in Thailand long term?

To get a long-term visa in Thailand, you will have to be a student, an expatriate in Thailand, married to a Thai person, own a business (or business) in Thailand, or be old enough (over 50 years old) to apply for a Long Stay (or so-called Retirement visa).

How much THB do I need to retire in Thailand?

You will need to ensure you meet the financial requirements of obtaining a retirement visa, which are having 65,000 THB per month (1,800 Euro, 1,580 GBP, 2,079 USD) going into your Thai bank account, or an annual total of 800,000 THB ($25,800 USD).

Where to retire in Thailand?

Thailand is a great place to retire whether you are on a tight or large budget. Places such as Pattaya, Bangkok, Koh Samui, Phuket and Chiang Mai have massive foreign expat communities, so you will find friends in no time. Just remember, it’s all about your budget and the lifestyle you choose for retirement.

Why is Thailand a popular retirement destination?

Thailand is a popular retirement destination mainly due to the all-year-round hot climate, generally affordable living costs and access to major tourist destinations that have fantastic beaches, top-notch restaurants and cuisine options, and a perpetual holiday atmosphere.

What happens if you get sick in Thailand?

If you get sick in Thailand and are unconscious when found, you could wind up in an international hospital without realizing it, and if you don’t have medical coverage, you can end up with medical fees that will make your toes curl and could end up costing $10,000 or upwards. It happens on a regular basis.

Which country has the lowest living costs?

Although the currency exchange prices between Thailand and Western world nations have become closer in recent years, Thailand still has some of the lowest living costs in the world, and when you couple that together with the holiday style amenities, and it doesn’t get much better.

Is Thailand a good place to retire?

And the first answer would be that it depends on what kind of lifestyle you want to live. Retiring abroad in somewhere like Thailand is simply a pipe dream to some but is easily obtainable if you know the lay of the land and how much the general costs of retiring in the Kingdom or any other country. Thailand is a popular retirement destination ...

How to get a retirement visa in Thailand?

How to Obtain a Retirement Visa in Thailand: STEP 1: OBTAIN A NON-IMMIGRANT “O” VISA. Requirements: Passport (at least one year remaining before expiration) You must be holding nationality or permanent residence of the country of application. Proof of Funds. STEP 2: OBTAIN A ONE-YEAR RETIREMENT VISA EXTENSION.

What to do if you can't get an extension in Thailand?

If you cannot obtain your extension inside Thailand, you will have to get a new non-immigrant visa from a Thai Embassy or Consulate abroad.

Is Thailand a relaxing place to retire?

Thailand’s majestic landscape, formed by its rich foliage and scenic beaches make for a very relaxing and soothing environment one could live in forever. It’s not surprising that foreigners find themselves enchanted and wanting to spend their retirement days in this breathtaking piece of tropical paradise. If you are interested to do the same, ...

How long can you stay in Thailand with an elite visa?

Besides allowing you to stay in Thailand for up to 20 years, the Thailand Elite Visa also grants you various privileges, such as first-class accommodations, airport service, priority treatment at Thai immigration, investment opportunities, healthcare benefits, and even a prestigious golf club memberships. Your family members can also get some of these privileges, including an airport fast track service.

How long is a non-immigrant visa valid in Thailand?

You must be +50 years of age to apply. The Non Immigrant O Visa is valid to enter Thailand for 3 months from the date of issue. The Non Immigrant O-A Visa is valid to enter Thailand for 12 months. On entry to Thailand, you will be granted permission of stay for either 90 days (Non O) or 12 months (Non O-A).

What is a Retirement Visa Extension?

Applicants should ideally have first obtained a single entry Non Immigrant type O or O-A Visa from their Thai Embassy in their country of residence. This Visa type prohibits work in Thailand. You must be +50 years of age to apply. The Non Immigrant O Visa is valid to enter Thailand for 3 months from the date of issue. The Non Immigrant O-A Visa is valid to enter Thailand for 12 months. On entry to Thailand, you will be granted permission of stay for either 90 days (Non O) or 12 months (Non O-A).

What are the Criteria to be Qualified for an extension of stay based on retirement?

To be eligible for a retirement extension, you need to meet the qualifications below. Note that this qualifications are subject to change, but we’ll always keep you updated.

How much money do I need to apply for Thailand extension?

Must have funds of 800,000 baht deposited in a Thai bank for 2 months prior to the date of the extension application, OR, must have a monthly income of 65,000 baht transferred from overseas into a Thai bank, OR, a combination of Funds deposited in a Thai bank and monthly overseas transfers into a Thai bank totalling 800,000 baht for 1 year, OR, a letter of Income from your Embassy in Thailand stating you meet the 65,000 baht per month requirement.

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

You must have a Non Immigrant O or O-A type Visa, be +50 years of age and meet the financial requirements of 800,000 THB deposited in a Thai bank or an income of 65,000 THB pension or a combination of both totalling 800,000 THB.

How often do you need a Thai Elite visa?

With the Thai Elite Visa, you only have to complete visa runs once. It’s an ideal choice for digital nomads and retirees who don’t want to be bothered by the existing complicated rules that change regularly. It suits investors and business people who travel to Thailand multiple times a year as well.

Why is Thailand so attractive to retirees?

One of the main reasons Thailand is such an attractive destination for retirees is because there are different standards of living available. You can live dirt-cheap or super expensive in Thailand. Therefore, people will no doubt comment that you can live on half the amount I've cited above. It's true.

How much less is Thailand than the UK?

Thailand is only $125,000 less than the UK, but the UK is cold, grey and rainy for 6 months of the year!

How Accurate is This Retirement Study?

It's easy to criticize this study for what isn't factored in , and the fairly simplistic financial calculations it uses.

Which country is the most expensive to retire in?

Switzerland – $842,790. Germany – $508,656. Sweden – $569,809. The most expensive country in the world to retire in is Bermuda: $1,065,697. The cheapest country to retire in is Pakistan: $182,018.

Is Thailand a colorful country?

Thailand is a very colorful country in terms of travel, people, heritage, music, dance, celebrations, markets, socializing, etc.

Is Thailand worth money?

Considering the people/culture, weather, variable living standards, and beach get-away options, I think Thailand is still value for money.

Do expats have to pay rent?

Also consider that some expats live in the family home of their partner, or a home they have built, and therefore don't have to pay rent.

How long can a spouse stay in Thailand?

This means that your spouse can only stay in Thailand for a three-month period, rather than the one-year period that you will have.

How to get a Thai passport?

First, go to a Royal Thai embassy or consulate in your country of residence or your home country and get the forms. Your completed application should include your passport, which must have a remaining validity of at least eighteen months. You must also supply three 4 x 6 cm photos taken within the last six months.

How long does it take to convert a tourist visa to a non-Imm O?

To convert from a tourist visa to a Non Imm O your passport must have at least 18 months of validity remaining. It must also contain your most recent TM.6 (entry-exit) form, the white one clipped inside by immigration when you arrive in Thailand.

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.

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 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.

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 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.

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 much does Thailand cost for Social Security?

Thailand is an affordable travel destination, and a budget of $1,500 each month is enough for many people to live comfortably. As it happens, this isn’t much more than the average Social Security benefit. To see how far your benefit could take you, try this Social Security benefit calculator.

Why retirees come to Thailand?

Many retirees are drawn to Thailand for its affordability and rich culture. Here's what you need to know about costs, taxes, healthcare, visas and more.

What to do when your retirement visa expires?

Once your retirement visa is nearing expiration, you will need to apply for a visa extension. This application is similar to the initial application with some additional requirements. For example, you will need to provide proof of address, copies of a bank statement and pictures of every page of your passport.

How much baht do I need to get health insurance in Thailand?

Instead of 800,000, you’ll need at least $3 million baht in a Thai bank account, and you’ll need it at least 12 months prior to your application. Healthcare in Thailand. Healthcare is important to factor into your budget. There is no public health insurance for expatriates in Thailand.

How much does a one bedroom apartment cost in Sarasota?

And a one-bedroom apartment in the city center of Sarasota costs roughly $1,600 in rent per month , almost 2.5 times more than Bangkok.

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

To get a such a visa, you have to be at least 50 years old and pass a criminal background check.

How to save money in Thailand?

In general, you can save the most by living and eating like a local . For example, international foods often cost significantly more than buying local produce or eating out at a small, local restaurant. The cost of alcohol can also add up quickly. Getting an Initial Retirement Visa for Thailand.