Phuket Immigration clarifies new rules on retirement visas to start March 1
Phuket Immigration this week clarified the new rules regarding applications for retirement visas, confirming only one major change: that for those applying using funds in a Thai bank account to support their application, a minimum of B400,000 must be kept in the account throughout the year. The rest of the “new” provisions have already long been in use, explained Phuket Immigration Deputy Chief Lt Col Archeep Jaroensuntisuk. “Phuket Immigration has received the order to introduce the new rules. The order was issued on Jan 18, and the new rules will come into force on March 1,” he said. Under the new provisions, applicants for an extension to stay in the country temporarily on a Non-Immigration O-A visa – technically just another “permit-to-stay”, but specifically for retirees – must be at least 50 years old, Col Acheep noted. “They must have entered country on a valid Non-Immigrant visa and are currently allowed to stay in Thailand on a valid permit to stay,” he said. Of primary concern is the confusion over the financial requirements, which Col Acheep stressed that applicants have to satisfy only one category. Overall, the three main financial categories that applicants can apply under mandate that the applicant must prove that that all monies in hand – either received as income throughout the year or already in the bank, or a combination of both – totals at least B800,000. “Under the income requirement, applicants must receive at least B65,000 per month,” Col Acheep explained. As many embassies no longer issue affidavits confirming income, this is no longer required, he said, noting that letters from governments and pension fund providers will be accepted along with other forms of evidence to prove the income pending. “Of course any financial statements from banks and copies of bankbook records proving this income... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, Phuket Immigration clarifies new rules on retirement visas to start March 1, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you
Published By: Samui Times - Sunday, 17 February
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