BREAKING NEWS Thai immigration reveals new requirements for retirement, marriage extensions (visas)

[Enoon 8,039]

19 minutes ago, janclaes47 said:

The way I read the OP it mentions only proof of monthly deposits in an account, but nowhere does it mention an account balance of 400 or 800K, so I assume that option is not considered anymore.

 

Average monthly deposit of 65,000 is required.

 

Thus a single transfer of 780,000 would give an average of 65k per month.

 

Just a technicality of course.

 

 

Edited January 6, 2019 by Enoon

[sfokevin 3,791]

3 minutes ago, colinneil said:

I get my UK pension paid directly into my Krung Thai account every 13 weeks, have done now for nearly 5 years, never had any problems.

Given Thai Immigration want to see it transferred every month you may have a problem?... 

[janclaes47 4,299]

Just now, Enoon said:

 

Average monthly income of 65,000 is required.

 

Thus a single transfer of 780,000 would give an average of 65k per month.

 

Just a technicality of course.

 

 

Where do you see the mention of average in the OP?

 

What I see is repeatedly " every month"

[LivinLOS 5,804]

8 minutes ago, thequietman said:

Just open an off shore account and then transfer the money in each month. Withdraw the money and deposit it back into the off shore account. Rinse and repeat.

 

It will incur banking charges but is very doable. I think everyone was worrying about nothing. I hope this alleviates many concerns of expats in Thailand.

Fx spread is the killer tho.. 

[sometimewoodworker 3,168]

3 minutes ago, ubonjoe said:

We are waiting for an official translation by a translation service to be finished which should be ready tomorrow.

What has been posted is just a basic translation for info only.

That will be helpful, though may not be definitive as noted in my later post

[Spidey 8,356]

11 minutes ago, NCC1701A said:

OK so those affected by this change need to investigate a monthly transfer service like Transferwise.

 

And or setting up repeating monthly transfers from their bank outside of Thailand where ever it may be.  

 

The exchange rate is something you will have to monitor month to month.

 

 

 

 

OP clearly states "pension". On the face of it only a pension being paid directly into your Thai bank account would cut it.

 

I cannot have my company pension paid into a Thai bank account so that rules me out and many others.

[mrmillersr 101]

It would be logical they want to verify the income is from a bona fide pension that will continue in the future and not from a source that could end any time after an initial 12 month period.  Of course, the operational word here is "logical" which seldom applies in Thailand.

[ubonjoe 48,775]

3 minutes ago, sometimewoodworker said:

Certified by?

I ask as immigration may not translate in the same way as an independent translator, however skilled they are. 

It is only a translation from immigration (if they provide one) that will be correct.

It will be done by a translation service.

I have not seen anything issued by immigration in English for many years. The police orders are only issued in Thai. At one time immigration even posted a English version done by law firm.

[jackdd 8,902]

8 minutes ago, ubonjoe said:

We are waiting for an official translation by a translation service to be finished which should be ready tomorrow.

What has been posted is just a basic translation for info only.

Can you provide a link to the original Thai document?

[sumrit 1,099]

11 minutes ago, Groodman said:

The 40000/65000 Baht has to be from a pension so rental income or over income from the UK cannot be counted. I hope I am wrong in my understanding.

To show other types of income:

 

for marriage extensions:

3.       Evidence of income from a foreign embassy or consulate.

 

For retirement extensions:

2.       Evidence of income from a foreign embassy or consulate.

 

The problem is back to getting the Embassy to supply an income letter 

 

[sfokevin 3,791]

14 minutes ago, thequietman said:

Just open an off shore account and then transfer the money in each month. Withdraw the money and deposit it back into the off shore account. Rinse and repeat.

 

It will incur banking charges but is very doable. I think everyone was worrying about nothing. I hope this alleviates many concerns of expats in Thailand.

Yes knowing that there are people out there planning to scam the new system and make Immigration most likely crack down even more  on us law abiding expatriates alleviates many of our concerns... 

Edited January 6, 2019 by sfokevin

[colinneil 76,669]

3 minutes ago, sfokevin said:

Given Thai Immigration want to see it transferred every month you may have a problem?... 

Why would i have a problem?

I have 800.000 baht in the bank for my annual extension.

I have never used the income method for my annual extension.

[Enoon 8,039]

4 minutes ago, janclaes47 said:

Where do you see the mention of average in the OP?

 

What I see is repeatedly " every month"

Sorry, was considering my own requirements, which in a few years would be retirement extension:

 

"For retirement extensions of no more than 1 year evidence of average monthly income of B65,000 is required."

[sometimewoodworker 3,168]

Just now, ubonjoe said:

It will be done by a translation service.

I have not seen anything issued by immigration in English for many years. The police orders are only issued in Thai. At one time immigration even posted a English version done by law firm.

The local office in Udon Thani does give out leaflets in both English and Thai, so I guess that maybe a local rather than national service.

[ubonjoe 48,775]

1 minute ago, jackdd said:

Can you provide a link to the original Thai document?

It will be posted with the translation of it.