Requirements for Retirement

Requirements for Retirement
Financial Requirements for Retirement in Thailand
Financial Requirements for Retirement

The financial requirements and the documents required to retire in Thailand might look brief but there are alot of hoops to jump through. Let look at what is needed to retire in Thailand. The requirements to retire in Thailand can be briefly placed as follows:

If you are going to retire in Chiang Mai then speak to our lawyers in Chiang Mai about how best to obtain your retirement visa in Thailand. There are not many English speaking lawyers in Chiang Mai however with a large expat staff of lawyers and consultants we can ensure you that we are able to make your retirement in Thailand easy and cost effective.

These are the requirements to obtain the retirement visa in Thailand which you extend in Chiang Mai for 1 year once you enter Thailand. These are the basic requirements:

 

      • The Retirement Visa is valid for one year and must be renewed each year;
      • You must be older than 50 at the date of submission;
      • Show you have an income of 65,000 Baht a month;
      • Alternatively show 800,000 Baht in a Thai bank account ;
      • You can also have a combination of the two as long as they total 800,000 Baht;

 

Those are the basic rules however you are also allowed to bring in your secondhand goods from home duty free however there is a time limit to this customs free allowance. The paperwork needed would be:

– Certified letter from the bank to prove the funds came from overseas;

– Copy of your passport;

– Medical Certificate

Speak to any of our attorneys in Chiang Mai or speak to us online via live chat or on our toll-free US or UK telephone numbers.

0 thoughts on “Requirements for Retirement

Comments are closed.

Share:

Facebook
Twitter
Pinterest
LinkedIn
On Key

Related Posts

Thai Business Partnerships

Thai Business Partnerships

Thai Business Partnerships. Thailand’s thriving economy presents exciting opportunities for both domestic and foreign entrepreneurs. One popular business structure is the partnership, offering a way

Thailand Board of Investment

Thailand Board of Investment

The Thailand Board of Investment (BOI), established in 1966, is a government agency under the Office of the Prime Minister tasked with promoting foreign direct

Mergers & Acquisitions in Thailand

Mergers & Acquisitions in Thailand

Mergers & Acquisitions in Thailand. Mergers and acquisitions (M&A) activity in Thailand has witnessed significant growth in recent years, reflecting the country’s robust economic landscape

Business Visa in Thailand

Business Visa in Thailand

Business Visa in Thailand. For professionals and businesses looking to explore prospects in Thailand’s dynamic commercial scene, business visas are essential entry points. For people

Long-Term Residency in Thailand

Long-Term Residency in Thailand

Long-Term Residency in Thailand. Thailand’s vibrant culture, amazing scenery, and friendly atmosphere render it a tempting long-term choice. Long-term involvement in Thailand permits one to