Integrity Legal

6th December 2013

Notwithstanding the fact that demonstrations in Bangkok were briefly discontinued in order to observe His Majesty the King’s birthday, it appears that demonstrations are set to recommence as of Friday December 6th. It would appear that some anti-government demonstrators have remained in government office buildings as of the morning of the 6th as pro-government activists vow to undertake demonstrations at a later date.

The demonstrations in Bangkok have been a cause for concern especially for businesses which operate in the Thai tourism sector. However, officials in the Thai government appear willing to take measures to maintain tourism numbers in Thailand. The fact that a number of governments around the world have issued travel warnings to their citizenry has been a cause for worry amongst many in the tourism industry. It  was recently announced that notwithstanding the recent demonstrations tourism numbers in Thailand are still holding strong, but should demonstrations continue and tensions escalate there are some who worry that the effects could be detrimental. Hopefully, leaders from both factions can come to an amicable solution and avert a prolonged stalemate, only time will tell.

Meanwhile, various news outlets throughout Thailand are reporting upon recent news about Thai Immigration officials taking a firmer stance regarding the issuance of Thai retirement visas. In the past it was possible to obtain a retirement visa based upon showing a balance of eight hundred thousand Thai baht in a Thai bank account. Furthermore, a retired married couple could both use this balance when making an application for a retirement visa. With the passage of a law amending the Thai immigration rules, officials with the Thai immigration police have announced that future Thai retirement visa applicants must now show that they independently maintain an eight hundred thousand baht bank balance. This means that it is no longer possible for a foreign retired married couple to both obtain retirement visas based upon showing only 800,000 baht. In fact, such a hypothetical couple would now need to show at least 1.6 million baht in a joint Thai bank account or in 800,000 increments in two separate accounts. Officials noted that those maintaining a statutorily defined minimum pension may be eligible to receive a retirement visa provided proof of said pension could be verified by Thai immigration authorities. Those married to Thai nationals could also be eligible to receive Thai marriage visas (sometimes referred to as an O visa) which requires a lower bank balance in order to prove financial ability to support one’s spouse.


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