Integrity Legal - Law Firm in Bangkok | Bangkok Lawyer | Legal Services Thailand Back to
Integrity Legal

Legal Services & Resources 

Up to date legal information pertaining to Thai, American, & International Law.

Contact us: +66 2-266 3698

[email protected]

ResourcesVisa & Immigration LawThailand Immigration LawReview of Thai Retirement Visa Financial Requirements?

Review of Thai Retirement Visa Financial Requirements?

Transcript of the above video: 

As the title of this video suggests, we are discussing Thai Retirement Visas; I'll just jump in here. Somebody sent me an email and I'm going to quote - and tip of the hat to the person who sent me the email - but I'm going to go ahead and quote just one excerpt. Quoting directly: "Another vlogger recently put in his video a power point slide: O Visa financial requirement is 800,000 Baht or 65,000 Baht monthly income. It seems to make the 65,000 Baht equal to the deposit standard throughout Thailand. This is the first time I've seen the 65,000 Baht in writing although you discuss it in your videos."

Well yeah, actually there's a third prong associated with Retirement Visas as we've discussed, and I had to correct myself on some time back which is the issue of mixed finances. So basically, having not only income coming into an account but also the 800,000 balance or some mixture associated therewith. And as I discussed at the time, it's really not the optimal way to seek a Retirement Visa Extension because it's based on the discretion of the Officer and there is no clear framework for exactly what the financial requirement is. So I don't eschew it but just understand it's more or less a possibility rather than a near certainty when it comes to the issue of financial requirements associated with the Retirement Visa. 

But yes, in offering a review of Retirement Visa finance rules, it is either 800,000 Baht in a Thai bank account maintained over a relatively prolonged period of time, depending on the Immigration Office you use. Sometimes they want to see it sort of "seasoned" or having been in the account with that 800,000 Baht balance over a certain period of months. When it comes to the 65,000 Baht, it has to be shown that it's coming in from abroad on a monthly basis, over the course of the past year in order for a further extension into the future year to be approved. 

So yeah, those are the criteria: 800,000 Baht in an account or 65,000 Baht coming in monthly, or some mix thereof. But again, the mixed option is again far too nebulous to be able to rely on and not something that you really want to - again, it's sort of like the wise man built his house upon the rock as opposed to the sand - better to have the clear 800,000 or the clear 65,000 coming in monthly rather than trying to mix. That said, I hope this provides a sufficient review of Retirement Visa finance matters here in the Kingdom of Thailand.