TEN YEAR VISA-IS IT FOR YOU?

TEN YEAR VISA-IS IT FOR YOU?

November 22 2016
A government spokesman in Thailand announced that there will soon be a 10 year visa for Thailand.
An exact date from when this visa should be available was not announced
August 17 2017
From now you can apply for the new 10 year visa at your local immigration in Thailand.
Target group for the 10 year visa are obviously well-heeled foreigners, over 50 years. This can also be clearly read from the previously published regulations and requirements.
Firstly, this "visa" is obviously an extension of a normal non-immigrant O visa to 10 years, but this is divided into two sections, of five years each.
According to the government's statement, the visa is intended to stimulate medical tourism in Thailand.
With this 10 Year Visa you still have to "report" every 90 days at the Immigration.
You are not allowed to work with this visa in Thailand.
The prerequisites include a monthly income of at least 100,000 Baht, according to the current exchange rate, this would be about $3000 or 2550 Euros
A bank balance in Thailand of at least 3 million Baht is also acceptable
The 3 million baht cannot be withdrawn (even parts of it) in the first year of the visa.
Whether there is an exception with lower amounts for people who are married to a Thai citizen, is not yet known.
In addition, it still needs proof of health insurance, which covers hospital stays in Thailand up to an annual amount of US $ 10,000.
The fees for the new visa is 10,000 Baht.
The old annual visa extension of the Non Immigrant Visa is still available.