Applicants for an extension of a retirement visa to Thailand have to prove that they have sufficient funds to sustain themselves in Thailand. They either need to have a certain deposit in a Thai bank account, or receive a fixed monthly income of a certain amount, or a combination of the aforementioned methods.
Effective as of 1 March 2019, applicants for an extension of a retirement visa have to comply with the following requirements:
The applicant is required to have a balance of THB 800,000 in a Thai bank account two months before the application and three months after the extension is granted.
Over the entire duration of the extension the balance has to be at least THB 400,000.
The applicant has to receive a monthly income of THB 65,000 from abroad. The applicant has to provide a bank statement and a certificate from a Thai bank regarding the reception of such funds.
A combination of the two above methods which equals a total of at least THB 800,000 per year.
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