A mistake many people make is to think that the money must be in a Thai bank account before you apply for an AO visa, you can apply for the visa in your home country and have the money in your home country, it is only if you are going to extend the visa without leaving Thailand that you need to have the money in a Thai bank account.
If you're smart you shouldn't bring any large amounts of money to Thailand to get a Non Immigrant Retirement Visa. Use an agent, there's one hanging around every Immigration office in Thailand or ask around other Farangs in your area to locate one. They fill out all the paperwork, take you to the Immigration office and facilitate everything.
@@scottgeen3062 Hi Scott Sure but don't bring the doe to Thailand. Leave it back in our country and transfer it over as you need it using the Wise transfer method. Wise is an excellent online banking app. 22 million baht should last awhile unless you start buying houses and land for the lovely ladies you might meet.
I will go for Bangkok, and would love to retire with someone like you. I am a city man , I don't really like beaches that much. We love Thailand . Thank you.
Please use Baht for the prices not $ (What $? A$?) 1. its difficould to calculate 2. changing rates changes so after some months not possible to find out 2 The prices in Baht are comparable in $ not.
Some points in this video are a little confusing so to hopefully help clarify The financial requirements for getting a Non-Imm OA or O visa are - 800K in the Bank 2 months before applying (NB If applying in your own country you can use money in your own bank, if converting in Thailand it needs to be in a Thai bank account ) - 65K pm income being brought into Thailand - a Combination of the 2 of which the Deposit in the bank has to be at least 400K totalling at least 800K If using the 800K method then this needs to remain in the bank account for at least 3 months after getting the visa/extension, can then be spent down to no less than 400K and needs to be back at 800K at least 2 months before your next annual extension.
@@thaikru Agreed... You do need to be very careful that you transfer at least 65K every month (ideally around the same day) & ensure that it shows up in your Bank Account as a Foreign Transfer (FTT). My advice would be to use Wise (Was TransferWise) to do the transfers & for the "Reason" always select the last option of "Fund for Long Term Stay in Thailand". Doing this should ensure it shows as a transfer from overseas but be prepared to print/copy all of your Wise reciepts when it comes to extension time :) Far easier to keep the 800K in the bank but even with this don't forget to update your passbook regularly or (like me this year) you'll find yourself needing extra statements from the Bank :(
I have no problems settling in Thailand, meet all requirements and a good health insurance. Will move there in a couple of years as soon as I retire.🙏🏻
Bangkok Bank Public Co Ltd Bank in New York City, New York Has this branch in New York. If I put $30,000 USD in an account there would that meet the requirements for a Thailand Retirement Visa? Plus an ongoing income above that!..
Only if you applied for and received your visa in the United States. If you apply for your visa in Bangkok, you have to be in Thailand in person with that bank account here in Thailand and the funds in it here in Thailand.
Thank you for your great channel , can you please let me know if my monthly retired salary is mor than 65 000 baht , do I still have to open an account in thai bank ?? ,if yes ,,how much you think .?? Thank you
Yes you do. The authorities here want to see that income in a Thai Bank. The only exception is if you apply for your retirement visa in your home country before coming to Thailand. But even then, in the second year, you do have to show the bank account with regular deposits over the first year to cover that amount.
I think of retirement as something a bit more permanent than a one-year visa. Is there a longer term visa, like a renewable 5 or 10 year visa? Thank you.
Thai Elite visa - 1 Million THB gets you 20 years (4 x 5 year) Visa, if you don't leave the country then you still need to do an "Extension" every year but it's a formality (no need to show proof of finances etc...) & Thai Elite can help you do it if you live in one of the larger cities.
@@harrykeogh3994 That isn't a deposit though, right? That is the actual cost, as in you don't get that money back, like one would with the 1 year option, correct? Thanks.
@@thaikru So in essence, I would be paying $1600 USD per year for 20 years up front for the Thai Elite Visa. Is there a discount for my spouse/family or will she have to pay the same amount? Thank you.
@@gavinosereni4144 I think you must have the first night pre-booked in an approved hotel to do a covid test, otherwise everything is as before covid. (do not forget the face diaper. 😀)
No.........😃 the idea of the deposit is that is your living expenses for the year, hence the requirements to top it up each year. lf you have a monthly income of 65,000 then no deposit is required.
@@marlecmarine5393 if i have 800000 bahts in thai bank, can i use some money after ? How long after ? But before the end of visa retirement (1 year), i always need 800000 bahts in thai bank ?
@@f.l.5505 The 800K has to stay in the bank for 3 months after you've done your visa/extension, can go no lower than 400K during the year and has to be back up to 800K at least 2 months before your next annual extension. Simplest thing to do is to put the 800K in the Bank & forget about it.
@@f.l.5505 You can start to use the money down to 400,000 balance, but not less, 3 months after the OA visa is issued for the year. Top back up to 800,000 two months before visa renewal is due. You must maintain a minimum of 400,000 balance at all times for visa to remain valid. If you're married to a Thai national then the deposit is reduced to 400,000 for a marriage visa.
Yes of course you can & when you arrive at any Thailand airport, you will be given 50,000000baht as a gift just for being a nice guy. What are you waiting for?
I really dont want to retire in Thailand. I have all the money I ever need and the last thing I want to do is settle down in one place only. This is the time for me to travel and see all the world once this covid crap is over. Would I buy a home in Thailand, yes. But do I want to stay in one place forever...NOOOOO. My goal is to find the perfect wife who wants to enjoy traveling with me. Is it possible to contact you?
A mistake many people make is to think that the money must be in a Thai bank account before you apply for an AO visa, you can apply for the visa in your home country and have the money in your home country, it is only if you are going to extend the visa without leaving Thailand that you need to have the money in a Thai bank account.
If you're smart you shouldn't bring any large amounts of money to Thailand to get a Non Immigrant Retirement Visa.
Use an agent, there's one hanging around every Immigration office in Thailand or ask around other Farangs in your area to locate one.
They fill out all the paperwork, take you to the Immigration office and facilitate everything.
@@gray2942 hi gray would 22 million baht b enough to survive living in Thailand from Scott new Zealand 👍
@@scottgeen3062 Hi Scott
Sure but don't bring the doe to Thailand. Leave it back in our country and transfer it over as you need it using the Wise transfer method. Wise is an excellent online banking app.
22 million baht should last awhile unless you start buying houses and land for the lovely ladies you might meet.
I will go for Bangkok, and would love to retire with someone like you.
I am a city man , I don't really like beaches that much. We love Thailand . Thank you.
my private bankers have done a most excellent job i gotta say :)
Not retiring soon but do enjoy your videos. Very informative and like your enthusiasm.
Please use Baht for the prices not $ (What $? A$?)
1. its difficould to calculate
2. changing rates changes so after some months not possible to find out
2 The prices in Baht are comparable in $ not.
Thank you. Very helpful.
Some points in this video are a little confusing so to hopefully help clarify
The financial requirements for getting a Non-Imm OA or O visa are
- 800K in the Bank 2 months before applying (NB If applying in your own country you can use money in your own bank, if converting in Thailand it needs to be in a Thai bank account )
- 65K pm income being brought into Thailand
- a Combination of the 2 of which the Deposit in the bank has to be at least 400K totalling at least 800K
If using the 800K method then this needs to remain in the bank account for at least 3 months after getting the visa/extension, can then be spent down to no less than 400K and needs to be back at 800K at least 2 months before your next annual extension.
In practice, the 65 K per month is not so easy to achieve as you might think.
@@thaikru Agreed... You do need to be very careful that you transfer at least 65K every month (ideally around the same day) & ensure that it shows up in your Bank Account as a Foreign Transfer (FTT).
My advice would be to use Wise (Was TransferWise) to do the transfers & for the "Reason" always select the last option of "Fund for Long Term Stay in Thailand". Doing this should ensure it shows as a transfer from overseas but be prepared to print/copy all of your Wise reciepts when it comes to extension time :)
Far easier to keep the 800K in the bank but even with this don't forget to update your passbook regularly or (like me this year) you'll find yourself needing extra statements from the Bank :(
thank you for all the useful information.....great vlog
I have no problems settling in Thailand, meet all requirements and a good health insurance. Will move there in a couple of years as soon as I retire.🙏🏻
And i have to say that i know what this is about because i have been in Thailand many times with opend eyes.🤗
Yes i can afford to retire with you... lets give it a shot ; )
Bangkok Bank Public Co Ltd
Bank in New York City, New York
Has this branch in New York. If I put $30,000 USD in an account there would that meet the requirements for a Thailand Retirement Visa? Plus an ongoing income above that!..
Only if you applied for and received your visa in the United States. If you apply for your visa in Bangkok, you have to be in Thailand in person with that bank account here in Thailand and the funds in it here in Thailand.
Thank you for your great channel , can you please let me know if my monthly retired salary is mor than 65 000 baht , do I still have to open an account in thai bank ?? ,if yes ,,how much you think .??
Thank you
Yes you do. The authorities here want to see that income in a Thai Bank. The only exception is if you apply for your retirement visa in your home country before coming to Thailand. But even then, in the second year, you do have to show the bank account with regular deposits over the first year to cover that amount.
I'd like to retile in Thailand 😊
Don't do it
@@kippsguitar6539 why not? Tiles seem cheap enough there!
@James Ponder - were you considering ceramic or granite?
@@kevinp8108 it's so cheap to retile in Thailand I could use ceramic then retile over them with granite! Double retiled! 🤔
lol.25 grand? that wouldnt even buy a decent camper here in america. So yeah thats easy enough. Real question is how much do YOU cost?
I think of retirement as something a bit more permanent than a one-year visa. Is there a longer term visa, like a renewable 5 or 10 year visa? Thank you.
The OX visa is 5 plus 5 years.
Thai Elite visa - 1 Million THB gets you 20 years (4 x 5 year) Visa, if you don't leave the country then you still need to do an "Extension" every year but it's a formality (no need to show proof of finances etc...) & Thai Elite can help you do it if you live in one of the larger cities.
@@harrykeogh3994 That isn't a deposit though, right? That is the actual cost, as in you don't get that money back, like one would with the 1 year option, correct? Thanks.
Yes, you never get back the Elite Visa money.
@@thaikru So in essence, I would be paying $1600 USD per year for 20 years up front for the Thai Elite Visa. Is there a discount for my spouse/family or will she have to pay the same amount? Thank you.
where is "little big boss"?
Can foreigners open bank account in Thailand? The bank won't allow, the bank wants to see you have a work pass.
Yes if you are retiring you can. We've helped many customers to do it.
Yesssss i can !
The answer is yes. Thanks for asking. lol
Can I apply for a mia noi visa? 😃
So I retired from Air-Force @ 32:but in Thailand I am not old enough
Not many mid budget visa options in Thailand for those under 50.
@@thaikru I don't really care, I just thought it was interesting
How long retirement visa last?
1 year, it is just a long stay visa for people over 50 it has nothing to do with retirement
But with the lax rules can I just fly there with my passport and Covid vaccine card?
@@gavinosereni4144 I think you must have the first night pre-booked in an approved hotel to do a covid test,
otherwise everything is as before covid. (do not forget the face diaper. 😀)
If i have 800000 bahts in thai account bank, do i need also minimum income by month ?
No.........😃 the idea of the deposit is that is your living expenses for the year, hence the requirements to top it up each year. lf you have a monthly income of 65,000 then no deposit is required.
@@marlecmarine5393 if i have 800000 bahts in thai bank, can i use some money after ? How long after ? But before the end of visa retirement (1 year), i always need 800000 bahts in thai bank ?
@@f.l.5505 The 800K has to stay in the bank for 3 months after you've done your visa/extension, can go no lower than 400K during the year and has to be back up to 800K at least 2 months before your next annual extension.
Simplest thing to do is to put the 800K in the Bank & forget about it.
@@f.l.5505 You can start to use the money down to 400,000 balance, but not less, 3 months after the OA visa is issued for the year.
Top back up to 800,000 two months before visa renewal is due. You must maintain a minimum of 400,000 balance at all times for visa to remain valid.
If you're married to a Thai national then the deposit is reduced to 400,000 for a marriage visa.
@@marlecmarine5393 good news..only 400000 bahts if my wife is thai ? 👍
can youu afford to retire with me?
Want to retire with a person like u
I do my best to retired with you,..!!
Say bye to your savings
No i can't afford.. But I'd love to 😂😍
Can I just fly into Thailand with my passport and vacation COVID-19 card
Yes of course you can & when you arrive at any Thailand airport, you will be given 50,000000baht as a gift just for being a nice guy. What are you waiting for?
Your funny 😆
You need to do the Thailand Pass website.
@@thaikru Baan you have that website
I will retire with you and support you all the way
Too expensive to maintain you I believe
I just want to be with you 💘
I love Tai girls
👍🥰😘
Probably not, you may be too expensive to me
I really dont want to retire in Thailand. I have all the money I ever need and the last thing I want to do is settle down in one place only. This is the time for me to travel and see all the world once this covid crap is over. Would I buy a home in Thailand, yes. But do I want to stay in one place forever...NOOOOO. My goal is to find the perfect wife who wants to enjoy traveling with me. Is it possible to contact you?
I will be soon retire there … 😘and take care u
Nooooooooo
My sunshine I will be right there
We will go have dinner
😍😍😍😍🎃🎃
Well your not being helpful
I will be soon retire there … 😘and take care u
And she will take care of your cash