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[Disting]

I have a friend that I work with who wants to retire to Samui with his UK wife. Question came up in conversation about retirement visas and whether they would need 800,000 each or if they just had 800,000 in one bank and used it for both applications. Does anyone have any knowledge on this.
Thanks

[monty]

One of them needs 800,000 Baht in the bank.
Funds have to be in the account for 2 months before they can be used to support your retirement extension.

Once one of them has received the 1 year extension, the partner can piggyback on that extension as well.

[Disting]

Thanks Monty.
I will pass that on to him.

[thaiphoon]

Financial requirements for extension of stay based on retirement are 800k in Thai bank for 2 months prior to first application OR 65k/month income OR a combination of the two totalling 800k.  Would suggest they both come over on single entry Non-O visas and will get 90 day permission to stay on entry as:
1) is easier process for main applicant (rather than having to go through 2 step conversion process if on tourist visa) and allows time for seasoning of funds and
2) is a requirement for the dependant to be on Non-O visa to obtain extension of stay based on main applicant's extension (when in place).

[Lite Beer]

No one mentioned it but we are assuming that at least one of the applicants is over 50.

[Thanyaburi Mac]

Lite Beer, on 2009-11-08 15:36:47, said:

No one mentioned it but we are assuming that at least one of the applicants is over 50.

Perhaps 50, or over?

Mac

[thaiphoon]

Police Order 777/2551
2.22 In the case of a retiree:  Permission will be granted for a period of not more than 1 year at a time.
(2) The applicant is 50 years of age or over;

[Old Croc]

Thanyaburi Mac, on 2009-11-08 17:06:36, said:

Lite Beer, on 2009-11-08 15:36:47, said:

No one mentioned it but we are assuming that at least one of the applicants is over 50.

Perhaps 50, or over?

Mac

Although more and more people are retiring younger and younger these days, you would have to assume from the title of the thread that this "older" couple would meet the age requirements.

[lopburi3]

From the high side of the number yes - for many on the low side 30 is old.

[jazzbo]

Also, one or the other of the "older' folks may have a pension or other monthly income to go the 65K baht per month route... and it looks like the Thai MOI Immigration folks define "old" as 50.

[BEENTHEREDONETHAT]

To me "OLDER" means people in their 90's.