For individuals who have worked hard
all of their lives, a Thailand retirement visa must feel like a golden ticket.
Thailand is one of the most scenically beautiful nations on Earth and is known worldwide
for its low cost of living, high quality medical centers and myriad of
attractions. Once you retire in Thailand, you’ll find that your retirement
savings go a long way. For example, retirees with a pension of only $1,200 USD
a month can enjoy a standard of living that would never be possible back home.
For that moderate amount of money, you will be able to afford a fantastic
apartment, high quality food and drink, taxis and leisure activities and you
better believe that few locations in the world do leisure quite like Thailand.
Thailand Retirement Visa
A retirement visa in Thailand is
possible for anyone aged 50 or older provided they meet a set list of criteria.
This visa is valid for 12 months and when you hold it, you are free to come in
and out of the country as you wish. Once you have a Thailand retirement visa,
you must report to a department of immigration branch in Thailand every 90 days
to complete what is known as the ‘90 day report’. This the Thai government’s
way of checking up on newcomers to their country and to ensure that the
individual is safe. In the event that you wish to renew your visa, you have
until one week before expiration to do so.
Eligibility
Of course, not everyone is allowed to
avail of a retirement visa in Thailand. It’s also necessary to have a bank
balance of at least 800,000 Thai Baht at least 2 months before application.
This money must be in your name in a Thai bank account and you will have to
provide a bank statement to this effect. If you don’t have this sum of money in
your account, you are still eligible provided you can prove that you have a
monthly income of 65,000 Thai Baht.
The Process
As getting a Thailand retirement visa
is a vital matter, you are advised to consult a Thai legal team and they will
help you apply successfully. This legal team will then send the requisite
documents and an invitation letter from their company to your home address.
These documents should then be brought to a Thai embassy where you can apply
for the Non-Immigrant Visa which lasts for 90 days. Expect this process to last
approximately 2 business days.
You then come to Thailand with the
visa, go to the immigration office on Thai soil and have the visa upgraded to a
Thailand retirement visa. You should have a lawyer with you to complete the
process. If everything is in order, you should immediately have your retirement
visa. This is how you apply if you currently live overseas. With the right
legal team in your corner, retiring in Thailand and enjoying the wonders of
this country is easier than ever so start preparing for a life of leisure.
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