In an exciting development, the Thai Government have just announced that there will be a new long term retirement visa available to foreigners. The release date is yet to be confirmed, but initial details are as follows;
As with the existing retirement visa, retirees must be 50 years of age or above.
The Visa is for ten years, but must be renewed after five, and there remains a requirement to report to the immigration police department every 90 days.
Financials
To qualify retirees must have either a monthly income of THB10,000 (approx. A$4,000) or THB3,000,000 (approx. A$120,000) deposited into a Thai Bank Account, for the first year.
