When applying for the Thai Retirement Visa, also known as the Thai “O-A” Visa, there are certain requirements that need to be met. Listed below are the basic requirements of the Thailand Retirement Visa.
Basic Requirements for Thai Retirement Visa
1. Criminal Record
You need to provide proof that you do not have a criminal record. This has to be verified and issued by the country of your nationality or residence. This verified clearance must not be older than 3 months in order to be valid. If you are applying within Thailand for your Thai Retirement Visa the attorneys would normally want this to be notorised by your respective embassy. Alternatively if it is done outside of Thailand, the requirements would be that it needs to be verified by the police.
The second requirement for your Thailand Retirement Visa is that you qualify financially for this visa category. You need to be able to prove that you have at least 800,000 Baht in your Thai bank account. Alternatively you need to show or prove that you have at least 65,000 Baht income a month. You can of course have a combination of the two, being income and deposit and it is always best to have your attorney provide you with a calculation as what would be required.
Important issues with the Thai Retirement Visa
First, when you apply for a Thai retirement visa you will normally arrive on a 3 month visa and your first extension after arrival will be for 9 months hence filling one year. The annual renewal of your Thailand Retirement Visa will be for a period of 1 year each. This is one in-country each year.
Second, you need to prove that the money (Financial Requirements of the Thailand Retirement Visa) has been verified by a local Thai bank that the money came from overseas. You therefore have to ensure that you have a “Thor 3″ from your Thai bank.
Last is the monthly income. If you are using the option of monthly income for your retirement visa, it needs to be verified by your Embassy in Thailand. Many visa applicants attempted to do their own applications, however most seasoned or expatriates who have experienced applying for this type of visa make use of local attorneys to do all the leg work.