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- June 26, 2024
O Retirement Visas Features Comparison Chart
Retiring in Thailand has become an attractive option for many expatriates due to its warm climate, affordable living costs, and rich cultural heritage. Understanding the different types of O Retirement Visas available is essential for anyone considering a long-term stay in the country. This article provides a comprehensive comparison of the features of various O Retirement Visas to help you make an informed decision.
Introduction
Thailand offers several types of O Retirement Visas, each with specific requirements and benefits. These visas are designed to facilitate long-term residency for retirees, allowing them to enjoy their retirement years in this beautiful country without frequent renewals. The main types of O Retirement Visas include the Non-Immigrant O Visa, Non-Immigrant OA Visa, and Non-Immigrant OX Visa. Below, we compare their features based on the latest information.
Comparison of O Retirement Visas
1. Non-Immigrant O Visa
- Minimum Age: 50 years
- Initial Visa Validity: 1 year
- Renewal Process: Annually
- Reporting Requirements: Every 90 days
- Financial Requirements: 65,000 THB monthly income or 800,000 THB deposit
- Family Application: Yes
- Health Insurance: Not required
- Application Location: In/Outside of Thailand, Home country
- Work Permit Availability: None
- Medical Certificate: Not required
- Country Specificity: None
- Visa Conversion Possible: Yes
- Re-entry: Single and multiple available – applied separately
- Application Fee: 1,900 THB
2. Non-Immigrant OA Visa
- Minimum Age: 50 years
- Initial Visa Validity: 1 year
- Renewal Process: Annually
- Reporting Requirements: Every 90 days
- Financial Requirements: 65,000 THB monthly income or 800,000 THB deposit
- Family Application: Yes
- Health Insurance: Outpatient and inpatient treatment of no less than 3,000,000 THB or $100,000
- Application Location: Outside of Thailand/Home country
- Work Permit Availability: None
- Medical Certificate: Required
- Country Specificity: None
- Visa Conversion Possible: Yes
- Re-entry: Single and multiple available – applied separately
- Application Fee: 5,000 THB including multiple re-entries
3. Non-Immigrant OX Visa
- Minimum Age: 50 years
- Initial Visa Validity: 5 years (renewable for another 5 years)
- Renewal Process: Twice (5 years each)
- Reporting Requirements: Every 90 days
- Financial Requirements:
- Option 1: Minimum 1.2 million THB annual income (proof for the past 6 months) or 3 million THB deposit
- Option 2: 8 million THB investment in Thai government bonds
- Family Application: Yes
- Health Insurance: Outpatient treatment of no less than 40,000 THB and inpatient treatment of no less than 400,000 THB
- Application Location: Outside of Thailand/Home country
- Work Permit Availability: Volunteer only – with restrictions
- Medical Certificate: Required
- Country Specificity: Only Japan, Australia, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Sweden, Switzerland, UK, Canada, and US
- Visa Conversion Possible: Yes
- Re-entry: Single and multiple available – applied separately
- Application Fee: 10,000 THB
O Retirement Visas Features Comparison Chart
Features | O | 0-A | 0-X |
Minimum Age | 50 | 50 | 50 |
Initial Visa Validity | 1 year | 1 year | Maximum 10 years (5 years per visa validity, plus 5 years extension |
Renewal Process | Annually | Annually | 5 (twice) |
Reporting Requirements | Yes – Every 90 days | Yes – Every 90 days | Yes – Every 90 days |
Financial Requirements | 65,000 THB monthly income or 800,000 THB deposit | 65,000 THB monthly income or 800,000 THB deposit | Option 1: Minimum 1.2 million THB annual income (proof for past 6 months) OR 3 million THB deposit Option 2: 8 million THB investment in Thai government bonds |
Family Application | Yes | Yes | Yes |
Health Insurance | None | Outpatient and Inpatient Treatment of no less than 3,000,000 THB or $100,000 | Outpatient treatment of no less than 40,000 THB and Inpatient treatment of no less than 400,000 THB |
Application Location | In/Outside of Thailand, Home country | Outside of Thailand/Home country | Outside of Thailand/Home country |
Work Permit Availability | None | None | Volunteer only – with restrictions |
Medical Certificate | None | Yes | Yes |
Country Specificity | None | None | Only Jp, Aus, Den, Fin, Fra, Ger, Itl, Neth, Nor, Swe, Switz, UK, Can and US |
Visa Conversion Possible | Yes | Yes | Yes |
Ren-entry | Single and Multiple available – Applied separately | Single and Multiple available – Applied separately | Single and Multiple available – Applied separately |
Application Fee | 1,900 THB | 5,000 THB incl multiple re-entries | 10,000 THB |
Key Features of Each Visa
Non-Immigrant O Visa
The Non-Immigrant O Visa is ideal for those who want to start their retirement journey in Thailand. With its annual renewal and relatively simple requirements, it’s a great option for new retirees.
Non-Immigrant OA Visa
The Non-Immigrant OA Visa, also known as the “Long Stay” visa, is suited for those looking for a longer initial stay. It requires health insurance, making it a more secure option for long-term health coverage.
Non-Immigrant OX Visa
The Non-Immigrant OX Visa is designed for those seeking a long-term commitment. With a validity of up to 10 years, this visa is perfect for retirees who want stability and are willing to meet the higher financial and insurance requirements.
Benefits of Retiring in Thailand
Affordable Living Costs
Thailand offers an affordable cost of living compared to many Western countries. From housing to daily expenses, retirees can enjoy a comfortable lifestyle without breaking the bank.
Quality Healthcare
Thailand is known for its excellent healthcare facilities and services, especially in major cities. The cost of medical care is also significantly lower, making it a favorable destination for retirees.
Rich Culture and Warm Climate
The vibrant culture, friendly locals, and warm tropical climate make Thailand an attractive place to spend your retirement years. There’s always something new to explore, from stunning beaches to historical temples.
Conclusion
Choosing the right O Retirement Visa depends on your long-term plans and financial situation. The Non-Immigrant O Visa is ideal for those who want to test the waters, while the OA and OX visas offer more extended and stable options. Understanding the features and requirements of each visa will help you make the best decision for your retirement in Thailand.
We hope this comparison chart has provided valuable insights into the different types of O Retirement Visas. If you have any questions or need assistance with your visa application, feel free to leave a comment below or contact Pro Visa Bangkok for expert advice and support.
For personalized assistance with your Thai Retirement Visa application, contact Pro Visa Bangkok. Our team of experts is here to help you every step of the way, ensuring a smooth and successful process.