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ResourcesVisa & Immigration LawThailand Immigration LawCould Insurance Requirement Soon Apply to Thai O Retirement Visas?

Could Insurance Requirement Soon Apply to Thai O Retirement Visas?

Transcript of the above video:

As the title of this video suggests, we are discussing Thai O Retirement Visas in the context of insurance. What are we talking about here? Well we are talking about, there have recently been announced that there are going to be COVID insurance requirements that take it up to Baht 3 million threshold in a Retirement Visa context. Presently this only applies to O-A Visas.

Now I have been called "Chicken Little" in the past for being concerned about this but I do believe the day may come when certain of these requirements pertaining to O-A Visas begin being required for O Retirement Visas or and this is actually in my opinion possibly more likely, it becomes virtually impossible to actually get into O Retirement status at all; so you can't convert in and only those that are in it can maintain it but if they fall out they have to deal with the new rules. That is kind of how Thai Immigration policy has operated with respect to Retirement Visas if you go back in a historical context and we have made videos on that on this channel that you can look into. 

Long story short there is nothing in the immediate offing that I see these insurance requirements starting to apply to O Retirement Visas but my instinct is telling me be mindful of the fact that perhaps either they may start applying or and I think this is more likely, it may become more and more difficult over time to get into O Retirement Visa status. I am not saying maintain it. Maintaining it may be possible but you should be assiduous in doing so because falling out of that status could have dire ramifications. Long story short, getting into that O retiree status may be more difficult as time moves forward.