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China people buy houses in Thailand. Can they live permanently without immigration?
China people can't live permanently when they buy a house in Thailand, because Thailand is a non-immigrant country. Now Thai law stipulates that foreigners who are over 50 years old and have certain economic ability can apply for a Thai pension visa, that is, a retirement visa.
Thailand's pension visa is signed once a year and can be renewed indefinitely. Unlike Malaysia, Thailand's neighboring country, which requires the freezing of funds, 800,000 baht in the bank account can be taken out at any time for other purposes, house purchase or other purposes after the issuance of Thailand's pension visa.
Thailand pension visa application conditions:
1. At least 50 years old.
2. There is at least 800,000 baht in the personal bank account opened in Thailand.
Thai pension sign can carry spouse and children under 18. Sign it once a year and renew it indefinitely.
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