10-year visa for senior tourists ... The visa will be valid initially for five years
then you can Renew for another 5 years.
GOV’T APPROVES 10-YEAR VISAS FOR FOREIGNERS OVER 50
foreign residents over 50 will soon be able to apply for 10-year visas, a government spokesman said Tuesday.
Intended to promote Thailand as a hub for medical services, the policy was approved by the interim cabinet on Tuesday, according to spokesman Athisit Chainuwat.
It would replace one-year renewable visas and come in two installments of five years each, Athisit said. It was not immediately clear when the plan would be implemented.
Applicants must either earn a monthly salary of at least 100,000 baht or have more than 3 million baht in their bank account, which cannot be withdrawn within the first year after receiving the visa. They must also have health insurance that covers hospital stays and provides at least USD$10,000 in annual coverage.
Visa holders will still have to check in every 90 days with the Bureau of Immigration
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Thai cabinet on Tuesday agreed that the country's long-stay visa for tourists aged over 50 can be extended to a maximum of 10 years from the current one year, though the visa holder still have to report to immigration police every 90 days.
Apisit Chaiyanuwat, vice minister at the Prime Minister's Office, said after the meeting of the cabinet that the 10-year long-stay visa, set for tourists aged over 50, has other requirements.
A foreigner seeking the visa must have a minimum monthly income of 100,000 baht (about 2,777 U.S. dollars) or a minimum deposit of three million baht (about 83,333 U.S. dollars) in a bank account and it has to be maintained for at least a year.
Besides, they have to have a health insurance lasting a minimum of one year and worth a minimum of 1,000 U.S. dollars.
According to Apisit, the visa will be valid initially for five years and could be renewed for another five and the visa fee was set at 10,000 baht.
Though got a 10-year long-stay visa, one still have to report to immigration police every 90 days as before.
The prolonged visa aimed to promote medical and wellness tourism while the target groups are visitors from many countries, such as China, Japan, India, United States and the United Kingdom.