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Thailand Investment Visa

THAILAND INVESTMENT VISA

Thailand Investment Visa

 

What is an Investment Visa?

Investment Visa is granted to qualified business people or investors who have the capacity to invest at least 10M Baht worth of real estate, deposits, or bonds in Thailand, which in return, provides the investors the right of residence or long-term stay in Thailand.

 

This ensures that the investment contributes to the welfare, innovation and economic development of Thailand.  There are three different options to invest the funds:

 

1. Buying a condominium unit at a purchase price or rent of at least 10 Million Baht.

2. Holding the funds in a fixed deposit account at a Thai bank whose share capital is majority Thai owned.

3. Buying or holding Thai government or Thai state enterprise bonds worth at least 10 Million Baht.

 

 

What are the benefits of this Visa?

There are no age limitations with the visa; unlike the retirement visa, which requires individuals to be 50 years old or over.

Investor’s family is also eligible to apply for visa. It provides not only the investing party’s long-term stay in Thailand but also for their family members, such as parents, spouse and children.

 

 

How do I qualify for the Investment visa?

You must be able to obtain and present the following evidences:

 

1. A non-immigrant visa (NON-IM);

2. Transfer of funds into Thailand of no less than 10 Million Baht;

3. Investing in the purchase or rental of a condominium unit for a period of no less than 3 years issued by a relevant agency or government, at a purchase or rental price of no less than 10 Million Baht; or

4. Investment in the form of a fixed deposit of no less than 10 Million Baht with a bank which is registered in Thailand and has Thai nationals holding more than 50 percent of its shares; or

5. Investing in the purchase of government or state enterprise bonds of no less than 10 Million Baht; or

6. Making an investment as set out in Criteria (c), (d), or (e) with a total value of not less than 10 Million Baht.

 

You may combine these different investment options. Therefore, it is possible to qualify for the Investment Visa by purchasing a condominium unit for less than 10 Million Thai Baht and, in addition, deposit the balance of 10 Million Thai Baht to a fixed deposit account at a qualified Thai bank.

 

 

What are the basic requirements?

 

1. Completed and signed application form

2. A non-immigrant visa

3. Copy of applicant’s passport

4. Evidence showing a transfer of funds from a foreign country to a bank in Thailand

5. Copy of a condominium purchase agreement and a copy of the ownership registration of said condominium issued by the government or relevant agency (in the case of purchase of a condominium) or a copy of a long-term lease agreement; or

6. Funds deposit certificate issued by a bank and a copy of evidence of the funds deposit (only in the case of investment in funds deposit); or

7. Copies of bond certificates (only in the case of investment in a purchase of government or state enterprise bonds)

 

 

Assuming approval is obtained, what are its restrictions?

Holders of this type of visa are strictly prohibited to work in Thailand. Furthermore, you must report to the Immigration Office in your area of residence every 90 days during your stay in Thailand.  During this period, you need to apply for and obtain a single or multiple re-entry permit at the Immigration if you wish to leave and re-enter the country.  Otherwise, the permit for you to stay for the rest of the investment visa duration will become invalid.

 

 

How long is the duration of stay for an Investment Visa?

Upon approval, an initial three-month Visa will be issued to the investor. You must then take the same set of documents to the immigration, within two weeks of its expiration date, for 1-year extension.  This is renewable annually as long as you maintain the 10 Million Baht worth of real estate, deposits, or bonds.