Things you need to know about the Thai retirement visa:
- Thailand retirement visa is the popular term for "Non-Immigrant OA-Long Stay Visa".
- The visa can be valid either for a single entry or multiple entries.
- This visa entitles the holder a stay of 1 year in Thailand.
- The visa is renewable every year and the renewal process can be done inside Thailand (requirements for the visa renewal still apply).
- Applicant must be 50 years of age or over
- Must meet the financial requirements
- Security deposit of THB 800,000 in a Thai Bank Account for 2 months prior to the visa application.
- Monthly income or pension of at least THB 65,000. An affidavit from the foreign embassy or consulate has to be obtained as proof of the income.
- Combination of the Thai bank account and yearly income with the total of 800,000 THB.
Supporting documents as proof of the security deposit in a Thai bank are as follows:
- Updated bank book or passbook
- Bank letter stating that the money had been deposited to the account from an oversea source for not less than 2 months.
Other documents that may be required to be presented:*
- Police Clearance
- Medical Certificate
* These are not usually required if the visa application is submitted inside Thailand, though there are rare cases, however, when an official from the Thai embassy or consulate may ask for them before issuance of the visa.