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  1. #1
    Days Work Done! Norton's Avatar
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    Can the monthly income for retirement Visa extension come from a Thai bank?

    A friend asked me if the money required for visa extension can come from a Thai bank or must it come from abroad.

    He is on retirement Non immigrant O visa and uses the 65k baht per month method for extension purposes.

    I told him I could not find anything stating it must come from abroad but if anyone here can verify it must, please respond here. With link if available.

    Expect folks will ask why so will answer now. He worked for a Thai company and has retirement income from the company.
    Whenever you find yourself on the side of the majority, it is time to pause and reflect.

  2. #2
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Norton View Post
    A friend asked me if the money required for visa extension can come from a Thai bank or must it come from abroad.

    He is on retirement Non immigrant O visa and uses the 65k baht per month method for extension purposes.
    Best I come up with. Hope it helps?

    There are 3 ways of proving that you meet the financial requirements:

    • - Money-in-bank method (800K/400K as described)
    • - Monthly deposits (minimum 65.000 THB every single month with proof that it originated from abroad)
    • - Income statement (with no need to prove money on thai bank)
    Extension based on retirement - thailawonline

  3. #3
    Thailand Expat lom's Avatar
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    This is is a tricky one that no one here can give you a reliable answer on, he'd better contact the nearest immigration office where he will apply for his retirement extension.

    The law states foreign origin of the funds and I guess they forgot that expat can have their pension from a Thai company when they wrote the law.
    May the bridges I burn light my way

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  4. #4
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Pragmatic View Post
    Best I come up with. Hope it helps?
    It does. Green owed. Ty Prags.

  5. #5
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by lom View Post
    This is is a tricky one that no one here can give you a reliable answer on, he'd better contact the nearest immigration office where he will apply for his retirement extension.
    Indeed. What I told him but as we all know might be ok until new boss comes to his local office then all bets are off.

  6. #6
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    i have had my retirement extension money over the 800k.threshold for over 10yrs.in a thai.bank acc.
    but as prag.posted the income 65k.monthly must come from abroad with a bank statement showing the transfers every yr.before ext.in a thai bank.

  7. #7
    Thailand Expat

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    Quote Originally Posted by Norton View Post

    He worked for a Thai company and has retirement income from the company.
    One assumes from that pension he must have worked for his Thai employer for a considerable time and in a position of some status which begs the question, why on earth did he not apply for PR?

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