Thai immigration has announced a major change regarding the financial requirements needed for foreigners applying for a retirement visa.
Thai immigration has announced a major change regarding the financial requirements needed for foreigners applying for a retirement visa. T he changes affect anyone who applies for a retirement visa using the 800k baht in the bank or the combination of income method. The new rules state that foreigners must now show 800k in the bank for 2 months before they submit their application.
They must then keep that 800k in the bank for 3 months AFTER the visa has been granted. And that’s not all. In addition, the foreigner must also not allow the balance of the account used for the retirement visa application to drop below 400k baht at any point throughout the year. Effectively the new rules mean retirees will have to show 800k in a Thai bank for a total of five months per year, and then keep 400k in the bank thereafter. The new rules, which are effective from March 1st 2019, were confirmed in police order No. 35/2561, which is available in Thai language on the Immigration website, and first reported by Thaivisa.
Join the Inspire Events & Offers Line account…
Every day, the best event/offer from each region will be sent on one message. Plus, fun polls, where you get instant access!