Visas and Residency in Thailand
In order to retire in Thailand, you must secure a Non Immigrant O-A (long-stay) Visa. To do so, applicants need to meet the following qualifications:
This visa requires reapplication each year, but with periodic border crossings, you can submit your application every third year instead – eliminating the need to visit Thai Immigration annually. Obtaining and maintaining a retirement visa involves several steps; however, it’s well worth the effort in light of its long-term benefits.
For instance, when you open a bank account in Thailand, it is necessary to deposit 800,000 Baht and maintain at least 400,000 in the account. If not done so, your visa renewal could be affected. Therefore it is important to always keep yourself updated with the laws of visas and follow them diligently for smooth processing.
Those belonging from U.S., U.K., Canada are eligible for 10-Year Non-Immigrant Visa which can be renewed every five years upon completion of its first term duration period.
When applying for this visa, the main distinction lies in income requirements. You have two options: