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Description of application conditions for retired immigrants in Thailand in 2020
Foreigners who have invested at least 40 million baht (equivalent to 8.02 million yuan) in Thailand and have invested for at least 5 years can obtain a residence permit in Thailand. Investments can be government bonds, funds and designated areas. At present, there is no relevant policy for buying a house to live in, and you can also obtain a residence permit through buying a house. The types of real estate that can be purchased are: townhouses, buildings and apartments. However, due to the high capital requirements for investment immigrants in Thailand, domestic applicants pay more attention to Thai pension visas.
In Thailand, foreigners who are over 50 years old and have certain financial ability can apply for a Thai pension visa (retirement visa). The old-age visa is signed once a year, and the holder can freely enter and leave Thailand many times during the validity period.
Two months before applying for a Thai pension visa, you must have a Thai bank account and proof of funds to prove that the account has at least 800,000 baht, or at least 65,000 baht of pension income every month, before you are eligible to apply for a Thai pension visa (retirement visa).
You are already a resident of Thailand after applying for an old-age visa, but you must report to the nearest immigration office every 90 days to confirm whether you still live in Thailand and whether it is safe. If you want to renew your pension visa, you need to go to the immigration office within one week before the expiration date.
Unlike Malaysia, Thailand's neighboring country, which requires the freezing of funds, 800,000 baht in the bank account can be withdrawn at any time after the issuance of the pension visa in Thailand. Thai pension visa holders can't work in Thailand, but they can do business and invest.
Foreigners under the age of 50 can still stay in Thailand for a long time very easily. Ordinary tourist visas can stay in Thailand for 60 days at a time, and then they can be extended for 30 days at a time. For China people who have lived in Thailand for a long time and rarely leave Thailand, they can choose to study Thai or other languages in a language school and get a one-year study visa. The tuition fee is about 5,000 RMB. If you only need a visa and don't attend classes, it's about 2000 RMB.
After the successful application for immigration in Thailand, can family members follow?
After the successful application for investment immigration in Thailand, in addition to the main applicant, his spouse, parents and unmarried children under the age of 20 can apply for immigration together. After the successful application for a pension visa in Thailand, only the applicant can obtain the right of abode in Thailand.
What are the restrictions on the age of applicants and their families when Thai immigrants buy a house?
There is no restriction on the age of the applicant, spouse and parents, and the children are required to be under 20 years old and unmarried. Applicants for Thai pension visas must be at least 50 years old.
What are the language requirements for the applicants when handling the immigration of buying houses in Thailand?
Thailand's pension visa does not require the applicant's language, but the applicant must undergo a medical examination in a Thai hospital and obtain a medical certificate.
What are the regulations for immigration supervision of immigrants who buy houses in Thailand?
Thailand's pension visa has no immigration supervisor, but applicants must report to the nearest immigration office every 90 days.
What are the regulations on the source of funds for housing immigrants in Thailand?
Thailand's pension visa does not need to invest in Thailand, but two months before applying for the pension visa, the applicant must have a Thai bank account and proof of funds, proving that the account has at least 800,000 baht, or at least 65,000 baht of pension income every month. After the Thai pension visa is completed, 800,000 baht in the bank account can be taken out at any time.
How do Thai immigrants get a "green card"?
After the successful application for Thailand's pension visa, the applicant will get a one-year pension visa, which can be renewed indefinitely.
How long is the "green card" valid after the successful application in Thailand, and how to apply for naturalization?
Thailand's pension visa is valid for one year, and the renewal of the pension visa needs to be handled at the immigration office within one week before the expiration. Thailand is a non-immigrant country, and it is difficult to apply for naturalization, so the purpose of most people is to obtain the right of abode.
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