When you reach the age of 50, considering a place of retirement will be one of your top priority. Foreign nationals who wish to retire in Asia, normally considers Thailand a place for retirement. Thus, it qualifies foreign nationals for a Thai Retirement Visa. This type of visa can be both applied from overseas at the Thai Embassy or the Thai Consulate or within Thailand. This Thai Retirement visa is officially known as Non/immigrant type OA/Long Stay Visa when applied overseas and as a Non-immigrant O-Long Stay Visa when applied in Thailand.
OA/Long Stay Visa
This visa allows you to stay in Thailand for 1 year, and is renewable every year. It is unlimited, provided that the holder meets all the requirements. If you are a frequent traveler, you may also opt to apply for as a single or multiple entry visa in your Thai Retirement visa.
Requirements for a Thailand Retirement visa:
- You must be 50 years or older
- You must have at least 800,000 Thai baht in a Thai Bank Account under your name. The amount should have been cleared in the account at least 2 months before the application.
- An updated passbook or bank book under applicant’s name from an accredited Thai bank.
- A written statement from the bank saying that an amount of 800,000 Thai Baht was deposited to your bank account.
In applications initially done overseas, in some cases, you will be required to submit the following:
- Police clearance
- Medical Certificate
Work is prohibited.
It is very important that all requirements set forth above will be provided when applying for the Thai Retirement Visa together with the required visa forms as set by the Thai Immigration.