The “Non-Immigrant Visa Type O-A,” commonly known as the “O-A Long Stay Visa,” is a popular option for foreign retirees who wish to reside in Thailand for an extended period. This visa is specifically designed for individuals aged 50 years or older who meet certain financial requirements.
Overview of the Retirement Visa Process in Thailand
Eligibility Requirements
To qualify for the retirement visa, applicants must meet the following criteria:
- Be 50 years of age or older.
- Possess a valid passport with at least 18 months of validity remaining.
- Satisfy the financial requirements outlined below.
Financial Requirements
Applicants must meet one of the following financial conditions:
- Bank Deposit: Maintain at least 800,000 Thai Baht (THB) in a Thai bank account for a minimum of two months before applying.
- Monthly Income: Have a monthly income of at least 65,000 THB, which can come from sources such as a pension, Social Security, or other regular income streams.
Application Submission
The retirement visa application can be submitted at a Thai embassy or consulate in the applicant’s home country or country of residence. The process typically requires submitting necessary documents and completing a visa application form.
Visa Validity and Duration
- The initial retirement visa is usually granted for a single entry, allowing a stay in Thailand for up to 90 days.
- After arriving in Thailand, visa holders can apply for a one-year extension of stay at the Thai Immigration Bureau.
One-Year Extension of Stay
To obtain a one-year extension, applicants must:
- Meet the financial requirements (either 800,000 THB in a bank account or a monthly income of at least 65,000 THB).
- Provide updated bank statements or income documentation to support their application.
Annual Renewal
The retirement visa must be renewed annually by applying for another one-year extension. Each renewal requires submitting updated documents and meeting the financial requirements.
90-Day Reporting Requirement
Retirement visa holders are required to report their address to the Thai Immigration Bureau every 90 days to maintain compliance with visa regulations.
By fulfilling these requirements and following the necessary procedures, retirees can enjoy a long-term stay in Thailand with ease.