Now you have done the research on the cheap retirement countries, you will discover when you apply to live and work in Thailand that you will also need a visa unless you are only planning to be there on holiday. But how much is the first question? How Much For Retirement Visa In ThailandVisiting or retiring in Thailand, you need to know where to invest your money to get the best possible return. Thailand has a variety of choices and it can be confusing to find out what is best. There are bank interest accounts, government bonds, stocks, mutual funds, and buying a condo. How much for retirement visa in Thailand?
How Much For Retirement Visa In Thailand
Being a retiree is an enviable status that many would like to achieve. Thailand is one of the countries in the world where retirees can find all the comfort. However, this does not mean that it is as easy as it sounds. With a lot of things to consider about your retirement, you have to be ready and set specific goals to achieve this milestone.When it comes to retirement, Thailand is an excellent choice for expats. Generally being one of the cheapest countries in the world, there are also no income taxes. This makes Thailand an ideal place for expats to retire and enjoy a life of freedom. No doubt about it, retirement in Thailand is a terrific decision. Even if you don’t have excellent health insurance, you can still find affordable healthcare in Thailand because there are numerous hospitals and clinics that offer international health insurance Thailand policy holders discounted prices on medical services. There are also affordable dental care centers that accept international health insurance Thailand in the country. Additionally, you can also easily find low priced glasses with an affordable eyeglasses from thailand. Free International Living magazine maintains an up-to-date list of companies offering this type of plan for expats who retire to Thailand as well as other countries around the world.
Applying for the Re-Entry Permit
In order to be allowed to leave Thailand during your visa’s validity and return without any problem, you have to get a Thailand Re-Entry Permit. If you fail to get the permit before you leave, your visa will become void, and you won’t be able to return unless you get a new visa.
However, this is only applicable if you have received a single-entry visa. If you have a multiple-entry visa, you are already allowed to leave and re-enter the country without difficulty.
Every expatriate in Thailand who lives there for more than 90 days has to report their address to the Thailand Immigration Department. The 90-Day Reporting is the Thai government’s way of keeping track of the expats in their country, as well as an effort to prevent illegal stays.
Extending your visa
If you have a one-year Retirement Visa, you have to apply for a visa extension every year. You can apply for an extension at the Immigration Department in Thailand.
For the Thai O-X Retirement Visa, on the other hand, you only have to apply for an extension after five years, which is when you will receive another 5-year visa.
When you extend your visa, you will need several supporting documents, such as:
- A completed Visa Extension Application Form TM.7
- A passport-size picture
- Signed copies of all your passport pages
- Proof of accommodation in Thailand
- Proof you meet the financial requirements to live in Thailand, such as bank statements, notarized affidavit of income, etc.
How Much is the Thailand Retirement Visa Fee?
The fee for a Thailand Retirement Visa changes depending on which type of visa you are applying. The fee can also change depending on which country you’re applying from, but you can expect to pay the following processing fees for your Thai Retirement Visa:
- For a 1-Year Thai Retirement Visa (Single-Entry): 2,000 Thai Baht
- For a 1-Year Thai Retirement Visa (Multiple-Entry): 5,000 Thai Baht
- For a 5-Year Thai Retirement Visa: 10,000 Thai Baht
Can I Bring My Dependent Family Members to Thailand With a Retirement Visa?
Yes, your family members can accompany you to Thailand. However, if they do not qualify for the Thai Retirement Visa (O-A or O-X), they can apply for a Non-Immigrant Visa O or ED (for the dependent child.
You can only bring your spouse or dependent child under the age of 20 with you.