5 YEAR RETIREMENT VISA THAILAND

If you are determined to make Thailand your ultimate retirement destination, a 5 year Thailand retirement visa is the best choice.

This visa offers you a relaxed life in the Kingdom for up to 5 years with the option of a one-time extension for a total stay of 10 years.

This special visa is also known as a Non-Immigrant OX Visa, a multiple-entry visa that can be extended within Thailand and allows you to leave and re-enter the country without the need for re-entry permission.

It differs from the Thailand retirement visa in that it allows you to reside in Thailand for up to 10 years, rather than just one year.

Eligibility requirements for a 5-year retirement visa for Thailand

Before you can start your application, certain eligibility requirements must be met:

You must be at least 50 years old at the time of application

You must meet one of the following two financial requirements:

A deposit of THB 3 million (or the international equivalent) in your bank account

A deposit of THB 1.8 million in your bank account and an annual income of THB 1.2 million (or the international equivalent)

You must have health insurance

You must undergo a criminal background check and provide a police clearance certificate

You must prove that you do not have any of the following diseases: drug addiction, elephantiasis, leprosy, syphilis (stage 3) or tuberculosis

Only people of the following nationalities are eligible:

Asia: Japan

Europe: Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Sweden, Switzerland, United Kingdom

North America: Canada, USA

Oceania: Australia

NOTE: The amount of coverage required depends mainly on whether you are receiving inpatient or outpatient treatment.

It must cover at least THB 400,000 for inpatient treatment and THB 40,000 for outpatient treatment.

Conditions for the 5-year Thailand retirement visa

In order for your visa to remain valid after you receive it, there are a few conditions you must follow:

You must report to the immigration authorities every 90 days

You can only extend the 5-year visa once, but for a total of 10 years

You must maintain a certain amount of money in your Thai bank account:

In the first year, you must have at least 3 million THB in your bank account, or 1.8 million THB if you have an annual income of 1.2 million THB or more

In the second year, you must have at least 1.5 million THB in your bank account

You must report to the immigration authorities every year to update your qualifications and provide an assessment of your supporting documents.

You must not work in Thailand (you can still do volunteer work, but only in the areas specified by the Ministry of Labor).

How do I apply for a 5-year retirement visa in Thailand?

Before you apply, you should gather the necessary items, including:

A valid foreign passport (must be of a valid nationality) with at least 6 months remaining validity

Proof that you have paid the visa fee of 10,000 THB (or the international equivalent)

Completed retirement visa application forms (downloadable from the website of the Royal Thai Consulate or Thai Embassy in your country)

Recent passport photograph (size 4 x 6 cm, not older than 6 months)

Financial proof showing that you meet the financial requirements (can be provided in the form of a bank statement, passbook copy or bank deposit confirmation)

Proof of health insurance (available from the Insurance Commission and Health Insurance Authority of Thailand)

A medical certificate not older than 3 months

Marriage certificate if your spouse is joining you

Birth certificate if your child is joining you (must be under 20 years old to be eligible)

Ezoic

After you have prepared these documents, you can begin the application.

The application process involves four steps:

1. Prepare all documents and apply for the Nonimmigrant Visa (OX) at the nearest Royal Thai Consulate or Embassy in your home country or a country where you want to take up permanent residence permission.

2. Wait for your visa to be approved and receive the result from the relevant consulate or embassy.

3. Collect your new visa in person from the consulate or embassy.

4. Travel legally to the Land of Smiles and live there.

We hope that this has given you an interesting option for a longer stay and wish you a carefree stay in Thailand.