What is the situation for retirees in Thailand now with visas?
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You need 800k in the bank. The amount has not changed for a decade. If you put 800k Baht in an account and leave it, you will never have any problems. If you can’t afford to keep $38,347 AUD in an account and have a lot more as spare, then you should not consider retiring to Thailand.
Okay here are the THREE ways you can meet the proof of funds to get a yearly extension based on being over 50 (retirement)
1 – banked money method = bank 800K baht in a thai bank account for 2 months before you apply for the yearly extension, keep the 800K baht in the bank account for 3 months AFTER you get your extension granted and then don’t let the balance go below 400K baht the rest of the year.
2 – monthly income method = transfer in a thai bank account in your name only a minimum of 65K baht a month from abroad each month EVERY month for the preceding 12 months before you apply for your extension. ** see note below
3 – combination method = (this one some offices said they won’t accept BUT it is a way to do it) use a combination of banked money and monthly transfers to show that you have 800K baht for the whole year. The banked money follows the same seasoning rules and for the monthly transfers the take the month with the least amount and times that times 12 to get the incoming transfer amount
** NOTE; you can use an income affidavit from your consulate IF they still issue it..
That is why I say IF you can, get a year-long, multi-entry Non-Immigrant Type O-A (Long Stay) visa from the thai consulate in your country BEFORE you wing your way here. That visa is good for unlimited entries for the year it’s valid for and each entry gets you stamped in for a whole new year (meaning you can get two years of stay out of a visa that is valid for just one year). Hands down it is superior to any visa/extension you can get inside this country
Same as always. Either minimum 65.000 per month from home country transferred to Thai Account or 800.000 in Thai Bank 3 month before visa, and 3 month after. And Marriage is 400.000 in bank or 40.000 transferred from home every month.
There was a kerfuffle at the end of last year when 4 consulates (US, UK, Danish & Australia) stopped issuing affidavits of income from abroad notary letters.
The immigration office was gracious enough to re-write their rules and allow people who continued to want to use monthly income as the method to meet the proof of funds to do so by showing international transfers of a minimum of 65K baht into their thai bank accounts every month for the previous year.
AND
At that time the also changed the banked money method to where you need to have the 800K baht in a thai bank account in your name only for 2 months before you apply for your extension, it needs to stay IN the account for 3 months after you get your extension granted and then the balance cannot drop below 400K baht for the rest of the year.
In addition to the above methods, some immigration offices also allow a mixed method:
Monthly income from abroad (less than 65,000) plus a lesser amount (than 800K) in the bank.