Happy go Older with Thai Retirement Visa
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Life starts at 40, as the old saying goes, but for foreigners who want to experience the beauty and magnificence of the Land of Smiles, life starts at 50.
When people reach 50 years of age, they experience the pressing need to slow down. They simply want to relax and enjoy life so they start looking for a place to retire. Of course, they want to spend their golden years in a place where everything is beautiful and tranquil.
That is the reason why most people choose to retire in Thailand. The magnificence of the Chiang Mai mountains, the busy shopping districts of Bangkok and the breathtaking view of the Phuket and Pattaya shores lure numerous retirees to this paradise.
More than that, the cost of living in Thailand is low, hence retirees need not worry about daily expenses. The hospitality of the Thais also enhance the quality of life experienced in Thailand.
How to Retire in Thailand
To retire in the Kingdom, a foreigner must possess a Thailand Retirement Visa. It allows a retiree to stay in the Land of Smiles for a year, and extend it for another year, and so on. This visa basically entitles a foreigner to study and marry while inside Thailand, but never to work.
In procuring a Thailand Retirement Visa, here are the requirements:
Processing a Thailand Retirement visa is not that easy especially for retirees who are already of advanced age. One wrong move could spoil the retirement. So in order to avoid the stress and pressure brought about by the application process, it is strongly recommended that legal assistance be sought.
Life starts at 40, as the old saying goes, but for foreigners who want to experience the beauty and magnificence of the Land of Smiles, life starts at 50.
When people reach 50 years of age, they experience the pressing need to slow down. They simply want to relax and enjoy life so they start looking for a place to retire. Of course, they want to spend their golden years in a place where everything is beautiful and tranquil.
That is the reason why most people choose to retire in Thailand. The magnificence of the Chiang Mai mountains, the busy shopping districts of Bangkok and the breathtaking view of the Phuket and Pattaya shores lure numerous retirees to this paradise.
More than that, the cost of living in Thailand is low, hence retirees need not worry about daily expenses. The hospitality of the Thais also enhance the quality of life experienced in Thailand.
How to Retire in Thailand
To retire in the Kingdom, a foreigner must possess a Thailand Retirement Visa. It allows a retiree to stay in the Land of Smiles for a year, and extend it for another year, and so on. This visa basically entitles a foreigner to study and marry while inside Thailand, but never to work.
In procuring a Thailand Retirement Visa, here are the requirements:
The retiree must be at least 50 years old. In case the spouse of a retiree is under 50 years of age, he or she can still retire in Thailand provided he or she is considered a dependent of the retiree as indicated his or her Thailand visa.
A monthly income of 65,000 THB or a bank account amounting to 800,000 THB must be shown. It could also be a combination of both. (300,000 THB bank deposit + 30,000 THB monthly income x 12)
To be able to go to Thailand immediately, it is advisable to apply first for a Non-Immigration O visa. While in Thailand, the retiree can process the conversion of his or her visa to a retirement visa.
For visa renewals, the retiree is still required to present a bank account with a balance of 800,000 THB. Otherwise, upon expiration of the retirement visa, the retiree will be sent out of the Kingdom.
Processing a Thailand Retirement visa is not that easy especially for retirees who are already of advanced age. One wrong move could spoil the retirement. So in order to avoid the stress and pressure brought about by the application process, it is strongly recommended that legal assistance be sought.
