Thailand is favourable place for retirees. Not only does it offer an attractive lifestyle, but it allows those over 50 years of age to apply for a 10-year renewable visa. Those who apply will need health insurance and police clearance to support their application.
Additionally, they must be able to demonstrate that they are financially independent. This can be proved through a number of means. The first is by a security deposit of THB 800,000 that needs to be held in a Thai Bank Account for at least two months before applying for the visa. The next is proof of a monthly income of at least THB 65,000. The last option combines the two provided that there are annual funds of up to THB 800,000 available.