Applicants will need to have a minimum 3 million baht (A$117,000 approx.) in a Thai bank account, or a combination of 1.8 million baht (A$70,000) in the bank and income not less than 1.2 million baht (A$47,000).
The 3 million baht must be kept in the bank as a deposit for a period of one year but can be reduced to 1.5 million under certain conditions.
Criminal background checks are required on all applicants, who must also have valid medical insurance from a Thai insurance company for the duration of the visa (details in the overview below).
Foreigners are not permitted to work while staying in Thailand on the visa and 90 day reports are still required.
The visa will cost 10,000 baht (A$370 approx.) and will be valid for 5 years, before being renewed for a further 5 years.
If you’d like more information or have any questions, please feel free to call 1800-961-377 or email email@example.com and let the team at Retire to Asia help make your dream lifestyle a reality.
Andrew has over 20 years experience helping people live a better life in SE Asia. Having worked in financial services in Asia I understand the challenges when moving to and living in a new country. I have travelled extensively throughout the region and experienced what SE Asia has to offer to retirees.
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