Immigration Bureau of Thailand Introduces 10 year Retirement Visa



In a move that has left Chiang Mai’s expat community rubbing their hands with glee, Thailand has added a long-stay 10-year visa to the range of options available. Speaking to media reporters in Bangkok recently, Immigration Bureau boss Natthathorn Prohsunthorn said provincial immigration offices had been notified of the 10-year visa extension option.

The decade-long visa is split into two instalments of five years and carries a couple of key provisos. These are that the applicant needs to be 50 years of age, or above, and have a minimum of THB3 million deposited in a bank account in Thailand. Various stipulations regulate how long the money has to be in the account and when it can be withdrawn.



Commander Prohsunthorn notes that retirees with the 10-year visas will still have to register with their local immigration offices every 90 days. This 90-day rule also applies to retirees and any other foreigners on one-year extensions issued by Immigration Bureau officers at the likes of Chaeng Wattana in Bangkok and the Promenada Mall in Chiang Mai.

Lieutenant-general Prohsunthorn explained that the 10-year visa was open to people from the UK, the US, Canada, Australia, Japan, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Sweden and Switzerland. He did not say how much the extension would cost, but the original announcement stated it would be THB10,000.

More information about Thailand Visa Options.


 

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