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NEW RULES FOR OZ,UK, DANISH AND US NATIONALS

NEW RULES FOR OZ,UK, DANISH AND US NATIONALS

  • Published: 15th May, 2019

Australian,British, Danish and US nationals are no longer able to obtain a letter from their respective embassies to confirm that they have a pension income or other income of the required ฿65,000 amount. This means that nationals of these countries will have to go down the route of having ฿800,000 in a Thai bank account, or they must have the ฿65,000 income paid into a Thai bank account each month and prove this by way of a 12-month bank statement history. This is problematic for those who have not held a bank account for 12 months. It is therefore likely that British and US nationals will have to go down the 800k lump sum route, at least for the first year anyway. On the plus side, money transfers to a Thai bank account are relatively cheap these days

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