I am very thankful I have an O long stay visa, however, I suspect at sometime the O visa will be subject to the same inherent problems that come with the O-A visa.
I am very thankful I have an O long stay visa, however, I suspect at sometime the O visa will be subject to the same inherent problems that come with the O-A visa.
"In the land of the blind the one eyed man is king"
Maybe. I'll do my worrying if it ever happens and if any changes include something difficult to comply with. In the meantime there is no indication I have been able to find that they intend to change anything about it.Originally Posted by Manforallseasons
There was a member of at least one of the Boards who came to the realisation after living here for at least 12 years that he could not meet the new regulations which came in for the 800K route. He decided instead he would go the O-A route. So he returned to the USA, got the O-A visa and came back knowing he had basically two years in Thailand (provided he took one short trip outside the country at the end of Year 1). He returned to the USA before the end of Year 2, got another O-A and was again totally pleased that he had taken that route. As @bkkguy points out, no cash in the bank requirements. It fitted his requirements almost perfectly.
Thank you. Finally an example. I'm glad it works well for him.
So I gather he must use the 65,000 baht monthly transfer into his Thai bank account.
"In the land of the blind the one eyed man is king"
As @StevieWonders pointed out, no income requirement in Thailand. Only new item is the proof of medical insurance when you apply.
Nothing entertains me more than watching a couple of cantankerous old queens slogging it out
Brad the Impala (November 13th, 2021)
Not at all. The original version of the O-A only required money outside Thailand which was easy enough to "prove". It was a 12-month multiple-entry visa so people could leave at month 11.5 and re-enter, receiving a further 12 months. It's a loophole that may still exist I believe but now new applications have to show the mandatory health insurance which complicates matters.
What we know:
All retirement visas are inherently the same as they are all issued pursuant to Section 34 (15) of the Thai Immigration Act. The only significant difference between the O and O-A visas is their place of application, and the fact that the O-A visa holders were required to have 3M THB in health insurance, effective Oct 1, 2021.
- Visa changes are in the process of being made (confirmed)
- Programs established for attracting wealthy retiree's (confirmed)
- Financial income requirements for Long Stays to be increased (highly probable)
- Insurance policies for expats > 70 y/o fully developed and available for purchase (confirmed)
- Health insurance mandate standardized across all Long Stay visa classifications (possible)
- Visa classification restructuring, i.e., streamlined, simplified, updated, gaps closed (probable)
- Grandfather clause for income requirements similar to 1998/2003 revisions (possible)
- Continuous extension provisions established to quality for Grandfathering (possible)
What we can assume from what we know:
- Changes will be introduced sometime in 2022 (probable)
- All retirees with Long Stay visas will be required to have health insurance (3M THB) (possible)
- Retirees who have >2 yrs continuous extensions, with no interruptions, classification changes, cancellations, or lapses, may be grandfathered from income increase (possible). Ranked "possible" because this is how immigration handled grandfathering to the 2003 revisions.
Note: The financial income requirement for retirees was last changed to 800k baht and 65k baht income in 2003. Marriage was changed from 250k baht and 25k baht income to the 400k baht and 40 baht amounts in the same year. Those who were on continuous extensions of stay based upon retirement in 1998 were grandfathered and the 2003 increase did not apply to them.
Why would it be important to not change your visa classification at this time? Because doing so could potentially be considered a break in your “continuous extensions” as interpreted by Immigration, resulting in your disqualification from being “grandfathered”. This of course is only speculation at this time, but in the event this were to happen, you could potentially be forced to comply with the revised (2022) financial income requirement.
General Visa Stuff:
Thailand has 11 different major visa types as follows:
- Special tourist visa (STV)…not to confused with STD
- Tourist visa (TR)
- Non-immigrant Visa-B (Business)…and MFAS
- Non-immigrant Visa-B (Working)
- Non-immigrant Visa-ED
- Non-immigrant Visa-O-A (Long Stay)
- Non-immigrant Visa O-X (Long Stay)
- Non-immigrant Visa-O (Thai Spouse)
- SMART Visa
- Tourist MT Visa (Medical Treatment)
- Elite Visa
For comparison purposes, the U.S has 31 major visa types, China has 16, Cambodia 6, and Australia with over a hundred. Cambodia is the only country (of the ones mentioned) that actually has a Retirement Visa (ER) for foreign nationals over the age of 55 who are retired and can support themselves financially without working. This 12 month visa can be extended annually.
On a personal note: Cambodia is my Plan B. If Thailand doesn’t get its act together in 2022 - Cambodia may have a new retiree from Chicago and his partner from Thailand moving in. It's not the visa changes that I'm concerned with. I'm concerned with the way expat retirees are treated in general. If Thailand starts treating their internal investors (retirees) with the same level of care and priority as their external investors I'm sure I'd be happy. But that may require miracle.
Guess what - I completely agree with your post. And they say miracles don't happen . . .
Regarding grandfathering - since many of us are old enough to be grandfathers, they ought to give us the benefit.
Dodger (November 13th, 2021)
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