Integrity Legal

Posts Tagged ‘financial evidence’

13th May 2019

The topic of retirement visa regulations has been of intense concern for some expats living in the Kingdom of Thailand. At first there was speculation that the income affidavit regime might come to an end in the context of retirement and marriage visas. Eventually, those speculating that income affidavits would no longer be provided by many Embassies in the Kingdom would be proven correct. Then, at the beginning of 2019, Surachate “Big Joke” Hakparn (then Immigration Chief) promulgated rules with respect to financial requirements for those wishing to remain in the Kingdom in O-A retirement visa status or O marriage visa status. Shortly, thereafter, the Tourism Authority in Thailand announced an insurance scheme which would provide medical coverage for those temporarily in the Kingdom on tourist visa status. Members of the administration of this blog began to wonder if this insurance scheme was a precursor to a possible new requirement for Thai retirement visa insurance.

It appears, that such speculation is no longer necessary as Thai authorities have recently announced that insurance will soon be a prerequisite for Thai retirement visa issuance. To quote directly from The Nation’s website:

HEALTH insurance has been made mandatory for foreigners aged 50 years and above seeking long-term stay in Thailand. The insurance policy must offer up to Bt40,000 coverage for outpatient treatment and up to Bt400,000 for inpatient treatment…According to Nattawuth, the new rule applies to both new applicants for the non-immigrant visa (O-A) [retirement], which offers a stay of up to one year, and those wishing to renew their visa. Each renewal is valid for one year.

Clearly, authorities in Thailand have been concerned about the issue of uninsured retirees in the Kingdom as evidenced by the relative alacrity with which this policy has been implemented. This recent turn of events has left many to ponder whether they may use their own insurance which was obtained abroad. It appears that overseas insurance will be considered acceptable so long as the coverage comports with that mentioned in the quotation above. However, readers of this blog should note that exact regulations regarding how immigration officers should adjudicate overseas insurance have yet to be promulgated.

The past year has seen a tremendous change in Thai retirement visa law. It remains to be seen how these most recent developments will impact the expatriate community in Thailand, but we will update this blog or our other various media organs as the situation progresses.

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