If you are looking at retiring in Chiang Mai then look no further than obtaining the services of our solicitor in Chiang Mai for further advice about retirement and the cost of living in Thailand.
If you are looking a retirement in Chiang Mai then you need to speak to our solicitors in Thailand as they will give you a full break down of the procedures. Firstly you need to have a clean bill of health. This needs to be confirmed at a Thai hospital and you need to have a medical certificate from this. You should also not have a criminal record. Speak to our solicitor in Chiang Mai is you have a DUI from the US as the Thai government has become very tough of criminal offences from overseas. A DUI might however not be an issue however it is best to have this verified when applying. You also need to meet the financial requirements of the retirement visa. There are two options and these are as follows. Firstly you need to have an income of at least 65,000 Baht a month in order to live in Thailand and this needs to be verified by your embassy in Thailand.
The Thailand Retirement Visa is an important part of the long-term residency process in Thailand. It allows foreigners and retirees to live in Thailand for the rest of their lives if they meet certain requirements.
Retirees can apply for the non-immigrant O or OA Long Stay Visa in their home country or at a Thai Embassy. Applicants must be at least 50 years old and must meet specific financial requirements.
It is important to note that the retirement visa can be renewed every year. In addition, the retiree must show that they have sufficient funds to support themselves in Thailand. The required funds vary depending on the type of retirement visa that you want to apply for.
For instance, the One-Year Retirement Visa (Non-Immigrant O-A) requires 1.2 million baht in a bank account and a monthly income of 100,000 baht. The Ten-Year Retirement Visa (Non-Immigrant OA-X) needs 2.4 million baht in a bank account with a monthly income of 400,000 baht.
When applying for a visa from abroad, you can use the same financial statements that you would normally supply to your bank in your home country. However, it is a good idea to have a letter from your home bank stating that you have enough money to support yourself in Thailand.
The Retirement Visa is also subject to a number of other requirements. For example, you must have no criminal record in your home country or Thailand and must have no prohibitive diseases. The Thai government lists leprosy, tuberculosis, drug addictions, and elephantiasis as prohibited diseases for the retirement visa.
In addition, you must have an insurance policy that covers you while you are in Thailand. The insurance must be in Thai currency and it must be valid for at least six months. You must also have proof of your passport and visa numbers.
It is also necessary to have a re-entry permit when leaving and entering Thailand. This permit is similar to a tourist visa in that it is non-immigrant but it does not have an expiration date and does not require you to return to your home country.
The re-entry permit must be applied for within 90 days of the expiration date on your retirement visa. During this time, you may not travel outside of Thailand or enter other countries.