Can someone please help clarify something for me.
I found this under the "Requirements" for anyone looking to retire to Thailand
That you must have:
"A copy of bank statement showing a deposit of the amount equal to and not less than 800,000 Baht or an income certificate (an original copy) with a monthly income of not less than 65,000 Baht, or a deposit account plus a monthly income totalling not less than 800,000 Baht. – In the case of submitting a bank statement, a letter of guarantee from the bank (an original copy) is required.
I ran a conversion for 65,000 baht monthly......that's $2,124 monthly US DOLLARS?
Are you kidding me? For THAILAND??
Are they serious?
I thought Thailand was supposed to be so affordable (hell...even Panama only asks $1,000 at last I checked).
Can someone tell me if I'm reading this correctly.
How about if you've got a nice whopping sum of money to deposit in the Thai bank but only get $1,250 in SS monthly? As long as it totals up to the 800,000 baht yearly I'm ok?
Also....this may be a dumb question, but I am a noob here so forgive me,
Do retirees in Thailand get taxed on their SS income by the Thais or is it in anyway Protected as pension/retirement income?
Thank you for any help you can give me!
Amy
I found this under the "Requirements" for anyone looking to retire to Thailand
That you must have:
"A copy of bank statement showing a deposit of the amount equal to and not less than 800,000 Baht or an income certificate (an original copy) with a monthly income of not less than 65,000 Baht, or a deposit account plus a monthly income totalling not less than 800,000 Baht. – In the case of submitting a bank statement, a letter of guarantee from the bank (an original copy) is required.
I ran a conversion for 65,000 baht monthly......that's $2,124 monthly US DOLLARS?
Are you kidding me? For THAILAND??
Are they serious?
I thought Thailand was supposed to be so affordable (hell...even Panama only asks $1,000 at last I checked).
Can someone tell me if I'm reading this correctly.
How about if you've got a nice whopping sum of money to deposit in the Thai bank but only get $1,250 in SS monthly? As long as it totals up to the 800,000 baht yearly I'm ok?
Also....this may be a dumb question, but I am a noob here so forgive me,
Do retirees in Thailand get taxed on their SS income by the Thais or is it in anyway Protected as pension/retirement income?
Thank you for any help you can give me!
Amy