Understanding the "Thai Retirement Visa"
What is commonly known as a "Retirement Visa" is officially a one-year extension of a Non-Immigrant O Visa, granted on the basis of retirement. At CANNVAS, we specialize in simplifying this process for our clients, ensuring a clear path to securing your long-term stay in Thailand.
Eligibility Requirements
To qualify for a retirement visa extension, applicants must meet specific age and financial criteria.
- Age: You must be 50 years of age or older. For those under 50, our team can advise on alternative long-stay visa options.
- Financial Proof: You must demonstrate financial stability through one of several methods, including annual income, funds in a Thai bank, or a combination of both, totaling at least 800,000 THB.
Income or pension sources must be verified by your embassy or consulate. This stamped document is a key part of your application, and we can guide you through obtaining it correctly each year.
Financial Methodologies & Process
Recent regulations have introduced specific requirements for proving financial stability. We ensure our clients' applications are always compliant.
1. Funds in a Thai Bank Account
For first-time applicants, 800,000 THB must be in a Thai bank for two months prior to applying. After approval, a balance of at least 400,000 THB must be maintained throughout the year. For subsequent renewals, the funds must be held for three months prior.
2. Verified Income Method
Applicants can show a monthly income of at least 65,000 THB from an overseas source deposited into a Thai bank for the previous 12 months. This requires specific bank statements, which we can help you procure.
3. Combination Method
This approach combines bank deposits and income to meet the 800,000 THB total. The combined amount cannot drop below 800,000 THB during the visa year. Our experts can calculate the precise requirements based on your unique financial situation.