How much money do you need for a retirement visa in Thailand?

Financial Requirements for Thai Retirement Visa

Securing a Thai retirement visa requires proof of financial stability. This can be demonstrated through a minimum bank deposit, a monthly income, or a combination of both.

Minimum Bank Deposit

One option is to maintain a minimum bank deposit of THB 800,000 (approximately USD 24,000) in a Thai bank account. This deposit must be held for a minimum of three months prior to applying for the visa.

Monthly Income

Alternatively, applicants can provide proof of a monthly income of at least THB 65,000 (approximately USD 2,000). This income can be earned from a pension, annuity, or other sources.

Combination of Deposit and Income

Applicants can also combine a bank deposit with a monthly income. For example, an applicant could maintain a deposit of THB 400,000 and demonstrate a monthly income of THB 40,000. This would meet the combined requirement of THB 800,000 annual income.

Proof of Income

To prove income, applicants must provide original documents such as bank statements, pension statements, or investment income statements. These documents must be translated into Thai and certified by the issuing organization.

Additional Requirements

In addition to financial stability, applicants for a Thai retirement visa must meet other requirements, including:

• Being at least 50 years of age
• Having a valid passport with at least six months remaining
• Submitting a completed visa application with supporting documents
• Paying applicable visa fees

Importance of Meeting Financial Requirements

Meeting the financial requirements for a Thai retirement visa is crucial as it demonstrates the applicant’s ability to support themselves in Thailand. Failing to provide sufficient proof of financial stability can result in a visa application being rejected.