investment visa

[1FinickyOne]

If I remember correctly, I have seen mention of an investment visa if you purchase something over 10mm baht... is there such a thing and are there advantages over a regular retirement visa?

[Phuket Man]

If you gave 10M Baht to spare I suppose it is an option.

 

Edited February 24, 2018 by Phuket Man

[Phuket Man]

2.5 In the case of an investment: 

Permission will be granted for a period of not more than 1 year at a time. 

 

In case of an investment of not less than 10 million baht. 

(1) The alien has obtained a temporary visa (NON-IM) 

(2) Proof of money transfer to Thailand of not less than 10 million baht. 

(3) Proof of investment to purchase or rent for a period not less than 3 years of unit in a condominium from an agency or government agency concerned at a price of not less than 10 million baht. 

(4) Proof of investment in the form of a fixed deposit of not less than 10 million baht with a bank registered in Thailand with Thai shareholders comprising more than 50% of its shareholders. 

(5) Proof of investment to purchase government or state enterprise bonds with a value of not less than 10 million baht or 

(6) Proof of combined investments as set out in clauses (3),(4) 

Or (5) having a total value of not less than 10 million baht.

[1FinickyOne]

1 hour ago, Phuket Man said:

2.5 In the case of an investment: 

Permission will be granted for a period of not more than 1 year at a time. 

 

In case of an investment of not less than 10 million baht. 

(1) The alien has obtained a temporary visa (NON-IM) 

(2) Proof of money transfer to Thailand of not less than 10 million baht. 

(3) Proof of investment to purchase or rent for a period not less than 3 years of unit in a condominium from an agency or government agency concerned at a price of not less than 10 million baht. 

(4) Proof of investment in the form of a fixed deposit of not less than 10 million baht with a bank registered in Thailand with Thai shareholders comprising more than 50% of its shareholders. 

(5) Proof of investment to purchase government or state enterprise bonds with a value of not less than 10 million baht or 

(6) Proof of combined investments as set out in clauses (3),(4) 

Or (5) having a total value of not less than 10 million baht.

thanks, that is helpful, but what advantages does it have over a regular retirement visa? Just sounds like more paperwork...

[ubonjoe]

11 minutes ago, kenk24 said:

thanks, that is helpful, but what advantages does it have over a regular retirement visa?

None other than you can get a work permit and work if you wanted to.

[elviajero]

I think it's not a bad option if you are buying property, but otherwise I think applying based on retirement is a better way to go.

[JackThompson]

1 hour ago, kenk24 said:

what advantages does it have over a regular retirement visa?

Though this may not apply in your case - in addition to what others said previously, it can be used by someone under 50 years of age, who do not qualify for a retirement-visa.

[1FinickyOne]

3 hours ago, ubonjoe said:

None other than you can get a work permit and work if you wanted to.

ok - thanks. I think that says it all.