Why Retire on Koh Chang?
There are many reasons why an increasing number of foreigners are choosing to retire on Koh Chang and elsewhere in Trat province. these include the excellent climate; friendly local people; excellent health facilities; laid-back lifestyle and being within easy reach of Bangkok.
Retirement Visa Requirements
You’ll need ti obtain a Retrement Visa in order to retire legally in Thailand. Fortunately, providing you meet some basic requirements this is a simple process. You do not need a lawyer or visa agent to do this for you.
Eligibility Requirements for a Retirement Visa (O)
A foreign national whose age is 50 years or above. Not being prohibited from entering the Kingdom under the Immigration Act B.E. 2522 (A.D 1979).
Having in possession of money amounting not less than 800,000 Baht (approximately US$ 20,000) OR monthly income of 65,000 Baht (approximately US$ 1,600) OR saving and annual income totalling not less than 800,000 Baht (approximately US$ 20,000)
The said amount must eventually be transferred to any bank in Thailand.
Retirement Visa Application Documents
- A copy of visa application form completely filled out
- Two passport-sized photos of the applicant taken within the past six months
- Photocopy of the applicant’s passport with validity not less than 18 months
- Financial documents (copy) as previously stated in Qualification for Retirement Visa Applicants above
Duration of Stay on Retirement Visa
Permission to stay in the Kingdom will be granted for one year upon arrival in the Kingdom. Upon expiry date of such period, extension for one year at a time will be granted providing the applicant submits the required documents and meets the financial requirements.