RETIREMENT VISA IN THAILAND

To obtain a retirement visa in Thailand, you must be at least 50 years old and meet specific financial requirements, including a minimum deposit in a Thai bank account or a regular monthly income, along with proof of health insurance. 

Here’s a more detailed breakdown:

Eligibility and Requirements:

• Age: You must be 50 years of age or older. 
• Financial Requirements: You must meet one of the following:
  • Maintain a deposit of at least 800,000 Thai Baht (THB) in a Thai bank account for at least 2 months before applying. 
  • Demonstrate a monthly income of at least 65,000 THB. 
  • A combination of bank deposit and yearly income totaling 800,000 THB. 
• Health Insurance: You need to provide proof of health insurance with coverage that meets the Thai government’s criteria.
  • Inpatient coverage of at least 400,000 THB. 
  • Outpatient coverage of at least 40,000 THB. 
• Other Requirements:
  • A valid passport 
  • A police clearance certificate from your home country 
  • Proof of residence in Thailand, such as a lease agreement 
• Visa Type: The retirement visa is known as a Non-Immigrant OA (Long Stay) Visa. 

Important Notes:

• Employment of any kind is strictly prohibited while holding this visa. 
• The visa is typically valid for one year and can be renewed annually, provided you continue to meet the requirements. 
• You can apply for the visa in Thailand or at a Royal Thai Embassy or Consulate outside of Thailand. 
• The process for applying for the visa can be complex, so it’s advisable to seek guidance from Siam Legal International or Mahanakorn Partners.