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New Thai 10-year visa will appeal to affluent retirees

December 1, 2016 Headline News No Comments Email Email

egtmedia59Thailand is reportedly about to issue 10-year tourist visas for affluent tourists aged at least 50 – making it easier for people to take extended holidays and helping to promote medical and wellness tourism in the kingdom.

The Thai cabinet has agreed that the country’s long-stay visa for tourists aged over 50 can be extended up to 10 years (it’s currently one year), according to China’s Xinhua news agency.

The report added that visa holders will still have to report to immigration police every 90 days.

Any foreigner seeking the visa must have a minimum monthly income of THB 100,000 (AUD 3754) or a minimum deposit of THB 3 million (AUD 112,660) in a bank account which must be maintained for at least a year after the granting of the visa.

Applicants also need to carry a health insurance policy lasting at least a year and worth a minimum of USD 1000 (AUD 1337) for outpatient care and USD 10,000 (AUD 13,370) for inpatient care.

Reports say the visa will be valid initially for five years and may be renewed for another five, with the visa fee set at 10,000 baht (AUD 375) each time.

Written by Peter Needham

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