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Moving to Thailand can be a dream come true, but dealing with the bureaucracy can be a nightmare. Have you ever wondered how to get a retirement visa in Thailand if you’re self-funded and don’t have a pension? For example, what if you’re a retiree who wants to live in Thailand but only has rental income from your property back home? Or what if you’re a digital nomad who wants to retire in Thailand but doesn’t have a traditional pension? Keep reading to find out the answers to these questions and more.
Moving to Thailand can be a dream come true, but dealing with the bureaucracy can be a nightmare. The Thai government has made it easier for retirees to live in Thailand with the retirement visa, but what if you’re self-funded and don’t have a pension?
The good news is that you can still get a retirement visa in Thailand without a pension. The bad news is that it’s not as straightforward as it seems. The Thai government requires that you have a certain amount of money in the bank or a certain amount of income per month to qualify for a retirement visa.
The first option is to have 800,000 baht (approximately $25,000 USD) in a Thai bank account. This is the easiest option, as you can simply deposit the money into a Thai bank account and show proof of it to the immigration office.
The second option is to have 65,000 baht (approximately $2,000 USD) per month in income. This can be from a variety of sources, including rental income, dividends, or interest from investments.
But here’s the catch: the Thai government requires that this income be deposited into a Thai bank account every month. And not just that, but you also need to show proof of the source of this income.
So, what if you’re self-funded and don’t have a pension? How do you show proof of income?
The answer is that you can use a variety of documents to show proof of income, including:
You can also use a visa agent to help you with the application process. A visa agent can help you gather all the necessary documents and submit them to the immigration office.
Here are the steps to follow:
The best place to go for help with the application process is the Thai Consulate in Melbourne: https://www.thaiconsulatemelbourne.com/
It’s also worth noting that the Thai government has a Double Taxation Agreement (DTA) with many countries, including Australia, which can help reduce your tax liability.
In summary, getting a retirement visa in Thailand without a pension requires some planning and preparation, but it’s not impossible. With the right documents and a little bit of patience, you can enjoy your retirement in Thailand.