Thailand has extended the long-stay visa for foreigners aged 50 or more to 10 years from one year, Bernama news reported.
The visa will be valid initially for five years and could be renewed for another five, Col Apisit Chaiyanuwat, vice minister at the Prime Minister’s Office, said.
The visa fee is set at 10,000 baht. However, they must report to immigration police every 90 days.
The target groups for the visa are long-stay visitors from India, Australia, Canada, China, England, France, Germany, Italy, Japan, Norway, Sweden, Switzerland, the Netherlands, Taiwan and the United States.
Other requirements for being eligible for the visa are a monthly salary of at least 100,000 baht or a bank deposit of at least 3 million baht, to be maintained for at least one year after receiving the visa.
Besides, they must have health insurance coverage for at least US$1,000 for outpatient care and US$10,000 or more for inpatient care per policy per year.
The revised rule aimed to promote medical and wellness tourism in line with the government’s policy.
