Retirement visa is a “Non-Immigrant OA-Long Stay Visa”. This is a type of visa which would allow a foreigner to stay for long term and retire in Thailand. The visa issued will be good for a year and can be renewed each year without the need of leaving the country. Initially, a 3 months Non Immigrant visa will be granted provided that requirements are met.
Thailand offers many exceptional retirement locations and advantages compared to other countries. It is very easy to fall in love with its environment, culture, people and incredible Thai food. Retirees and for those foreigners leading to its retirement, one should consider not only a selection of dazzling coastal locations but also the city of Bangkok, which earns one of the top ranking in tourism and lifestyle surveys through being a remarkably live-able city.
Many foreigners prefer Koh Samui to Phuket. Samui has much of what Phuket offers however the property market is not a good as the Phuket property market. If you are looking at a large investment then Phuket has more to offer in terms of rental options for your property as well as a growing market price as land becomes less available for development. Samui is less expensive than Phuket however you need to understand their building codes before you buy any property.
Phuket with is palm trees, white sands and fantastic scenery with clear blue water makes for one of the best retirement locations in Thailand. Its tropical vegetation and all year sunshine makes it an excellent place to spend your retirement at. Unlike other property locations in Thailand Phuket offers many visitors, expats and investors with some of the best property developments available in Thailand. Buying a villa in Phuket or investing in a condo is usually one of the best investment you could make.