5-Year Retirement Visa
Things you need to know about the Thai retirement visa:
- Thailand 5-year retirement visa is the popular term for "Non-Immigrant O-X Long Stay Visa".
- The visa can be valid either for a single entry or multiple entries.
- This is a long term Thai visa that entitles the holder a stay of 5 years in Thailand.
- The visa is renewable every 5 years and the renewal process can be done inside Thailand (requirements for the visa renewal still apply).
- Application is open to these nationalities: Japan, Australia, Denmark, Finland, France, Germany, Italy, Netherland, Norway, Sweden, Switzerland, United Kingdom, Canada and United States.
- Applicant must be 50 years of age or over
- Must meet ONE of the financial requirements
- Security deposit of 3 million Baht in a Thai Bank Account for 12 months prior to the visa application.
- Combination of Monthly income or pension of at least THB 100,000. An affidavit from the foreign embassy or consulate has to be obtained as proof of the income. And security deposit in a Thai bank not less than THB 1.8 million for at least 12 months prior to the visa application.
- Other documents that may be required to be presented:
- Health Insurance
- Police Clearance
- Medical Certificate
Retirement Visa Application Process
It is required that you apply for a 90-day initial non-immigrant visa from the Thai embassy or consulate in your home country prior to your application for a retirement visa in Thailand.
You will have to wait for 60 days to be in Thailand before you can file your retirement visa application at the immigration office or you must be on the last 30 days of your current permit to stay.
Note:The visa extension may be revoked if the sum of money in the bank account is less than 3 million Baht at the end of the first year of stay period in Thailand OR the sum of money in the bank account is less than 1.5 million Baht at the end of the second year of stay period in Thailand, and/or the money in said account was spent outside Thailand.
Foreigners must report, in person, to the immigration officer every 1 year for the examination of the qualifications and supporting documents.
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 five- year extension visa applications. This can be done at the immigration office in Thailand.
Reminders to the 5-Year Thai Retirement Visa Holders:
- 90-day Reporting
Retirement visa holder are required to notify the Immigration Office regarding their current residential address every 90 days. This can be done either by mail or by personal visit to the immigration office. You may also enlist the services of an agent to do this on your behalf through a Power of Attorney.
If the retiree is not in the country when the report is due, the counting for the 90-days will start again after upon re-entry to Thailand.
- Re-entry Permit
Must be obtained after receiving the 5-year extension of stay.