What are the financial requirements for obtaining a Thai retirement visa?
You can’t simply rock up to immigration with your documents and expect to get a Thai retirement visa without proof of funds to retire in the Kingdom. You need to have your financials in order to obtain the requisite visa. This is a standard procedure in any country outside of your home nation where you are looking to retire. The financial requirements for obtaining a Thai retirement visa are as follows:
Proof of 800,000 THB in a bank account (or) monthly income of at least 65,000 THB.
This could also break down as a combination of (Bank Account + Income = 800,000 THB).
IMPORTANT UPDATE TO THAILAND RETIREMENT VISA REQUIREMENTS
From the beginning of January 2019 several changes to Thailand retirement visa requirements were made. Several embassies in Bangkok for major Western nations such as the UK, US, Australia and others will now not be able to notarize or lay witness to your statutory financial declarations from banks in your home countries.
The rules say that Thai immigration needs retirees and other long-term visa applicants to verify their income or provide a bank balance before obtaining your visa. In the past, the vast majority of visa applicants would simply show their funds in the bank accounts back in their home countries. However, some international embassies in Bangkok cannot now officially verify or notarize those bank statements from foreign banks any more like they did in the past.
What can I do to meet the long-term stay financial requirements?
The only way to ensure you meet these financial requirements is to transfer the required funds directly to your Thai bank account. This is the simplest way to ensure you meet the financial requirements of Thai immigration.
It is important to have the requisite funds in your Thai bank (as stated in the previous section) 90 days before you apply for the visa. You cannot simply transfer the money to your Thai bank account a few days before applying for a visa. The money has to stay there to show you have enough funds to live in Thailand.
For a detailed explanation please visit Latest Thailand Retirement Visa Update 2019
Other things you need to remember about Thailand retirement visa requirements
Even after you have obtained your Thai retirement visa, there are other ongoing issues that you will have to deal with. You may want to fly in and out of Thailand during your yearly visa period, and if so, you will need to know more about re-entry permits. Even if you have a Thai retirement visa and are not planning to go anywhere over the course of the next 12-months, you will still have to adhere to 90-day reporting at your local immigration office. Here is some info regarding both issues: