Frequently Asked Questions about Thailand
Will I qualify for a Retirement Visa?
You will need a non-immigrant visa as a prerequisite to obtaining a retirement visa. Once you have this document, you must provide an original Thailand Bank book, a letter from your Thai bank, proof of meeting financial requirement, a departure card and a medical certificate. In order to provide proof of meeting financial requirement you will need to be in possession of a bank account with THB 800,000 or $22,400, and a monthly income of THB 65,000 or $1820.
Can I buy property in Thailand?
Property is technically illegal for foreigners to purchase but there are a number of loopholes. It is possible to own structures on land without owning the land itself and buying individual condos is permitted. There are ways to rent land on long leases without technically owning it and an estate agent should be hired to help.
What scams should I know of and avoid?
Gem scams targeting foreigners is the largest and most common of the scams. As a rule of thumb, avoid purchasing gems unless you are a gemmologist. Lesser annoyances involve being taken by a taxi driver to shops where they receive a commission. Always be careful of pickpockets.
You will need a non-immigrant visa as a prerequisite to obtaining a retirement visa. Once you have this document, you must provide an original Thailand Bank book, a letter from your Thai bank, proof of meeting financial requirement, a departure card and a medical certificate. In order to provide proof of meeting financial requirement you will need to be in possession of a bank account with THB 800,000 or $22,400, and a monthly income of THB 65,000 or $1820.
Can I buy property in Thailand?
Property is technically illegal for foreigners to purchase but there are a number of loopholes. It is possible to own structures on land without owning the land itself and buying individual condos is permitted. There are ways to rent land on long leases without technically owning it and an estate agent should be hired to help.
What scams should I know of and avoid?
Gem scams targeting foreigners is the largest and most common of the scams. As a rule of thumb, avoid purchasing gems unless you are a gemmologist. Lesser annoyances involve being taken by a taxi driver to shops where they receive a commission. Always be careful of pickpockets.
