Do You Know You Can Now Apply for a 10-year Retirement Visa in Thailand? Here’s Everything about It
Retirees eyeing Thailand as a haven to retire, their joys knew no bound when the 10-year retirement visa in Thailand was first brought into effect. Pleasant weather, low cost of living and superb medical facilities are some of the reasons why people want to make their retirement plan there. Moreover, with this new retirement visa plan, a lot of hassles that are associated with the 1-year visa plan could be eliminated. So, how different is this new visa from the previous one?
Extension of the Period
The visa says it all. With the sanction of this new visa, your stay will be extended to 10 years. This means you need not worry about the renewal of the visa every year. Under the new rule, the period of 10 years is divided into two 5-year sections. The new 10-year visa is initially valid for 5 years and it can be renewed for yet another 5 years.
Eligibility
In order to be eligible for a 10-year Thai retirement visa, you are required to earn a monthly salary of 100,000 baht or must have deposited 3 million baht in your bank account while making an application. Note that you won’t be able to withdraw money in the first year after obtaining the visa. It is only after the first 5-year period, you will be able to withdraw maximum 50% of the money deposited. Also, the applicant must be 50 years of age.
However, the point of similarity between these two visas is that you will need to check in with immigration in every 90 days. But, there is a change in the amount of money required.
Benefits You are Likely to Enjoy from the New Retirement Visa
The key benefit of this Thailand 10-year retirement visa allows you more time for visa renewals while offering you a great peace of mind, particularly when you spend the majority of your time inside the country without traveling abroad. Additionally, you are allowed a multiple-entry stay on having this visa.
So, if you want to reap the benefits of this long-term visa you must apply now. We can get all the legal works done for you, whereby helping you to obtain in no time.
