Chris23 Posted August 26, 2019 Share Posted August 26, 2019 (edited) Hi.. we are in the midst of packing and heading to Chiang mai. We are told to apply for visa in our residing country instead of Thailand. We bought a house that’s over 10 million baht and I’ve researched that there’s an investment visa that we can apply. Anybody can clarify this and where do we apply for this ? Because our residing country only do retirement visa. Which visa is better ?! Investment or retirement ( we are both above 50) is there a big difference in the renewing in the future ?! Investment need to maintain the 800k baht for renewal ? The Thai consulate request for a letter from the Thai bank we have our accounts. What is this letter ?! What should be mentioned in this letter ? Because Bangkok bank in CM sent me a form to fill ( in Thai) which I’m clueless and it has more than two weeks and still no reply from them after countless emails. Would be easier if i I know what the letter ( for visa application) should state would appreciate your input. Thanks Edited August 26, 2019 by Chris23 Link to comment Share on other sites More sharing options...
fishtank Posted August 26, 2019 Share Posted August 26, 2019 (edited) An investment extension of stay (it is not a visa) has to be applied for in Thailand. have to re apply every year. 2.5 In the case of an investment: Permission will be granted for a period of not more than 1 year at a time. (1) The alien has obtained a temporary visa (NON-IM) B. 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. Edited August 26, 2019 by fishtank Link to comment Share on other sites More sharing options...
tabarin Posted August 26, 2019 Share Posted August 26, 2019 (edited) Well, you can't buy or own a house, so that would be a interesting situation? Or does it also count if you buy it for your wife / someone else? Edited August 26, 2019 by tabarin Link to comment Share on other sites More sharing options...
fishtank Posted August 26, 2019 Share Posted August 26, 2019 He can buy a house but he cannot buy the land it sits on. Link to comment Share on other sites More sharing options...
fishtank Posted August 26, 2019 Share Posted August 26, 2019 As far as I know, no one has ever posted anything on this forum about having applied for one so the information is going to be rather thin on the ground. Link to comment Share on other sites More sharing options...
fishtank Posted August 26, 2019 Share Posted August 26, 2019 (edited) For retirement one of you need 800,000 Baht in a Thai bank for a period of 2 months before application. After application you have to keep the 800k in the bank for a period of 2 months(maybe 3) then leave at lease 400,000 in the bank until next year when you top up and apply again. OR. 65,000 Bank monthly income. Edited August 26, 2019 by fishtank Link to comment Share on other sites More sharing options...
Chris23 Posted August 26, 2019 Author Share Posted August 26, 2019 7 hours ago, fishtank said: For retirement one of you need 800,000 Baht in a Thai bank for a period of 2 months before application. After application you have to keep the 800k in the bank for a period of 2 months(maybe 3) then leave at lease 400,000 in the bank until next year when you top up and apply again. OR. 65,000 Bank monthly income. I see.. we are a couple and was told to have individual account so that would be 800k x 2. Just thot the investment route be easier ???? just invest in a property 10 million and above. Which we have already done so. All signed and we have the chanote. Do you know whats the letter ( from the bank) have to say for applying for retirement visa ?! We were asked to produce a letter from Bangkok bank. Thank u for your reply Link to comment Share on other sites More sharing options...
fishtank Posted August 26, 2019 Share Posted August 26, 2019 (edited) No. you can do the retirement extension and your wife can do as she is your wife. Only you have to show the money in the bank. I am assuming that your Wife is non Thai. The bank will know the requirement. Edited August 26, 2019 by fishtank Link to comment Share on other sites More sharing options...
sfokevin Posted August 26, 2019 Share Posted August 26, 2019 (edited) It takes a brave man to buy a house in a foreign country where one has not researched and nailed down the visa required to live there... Edited August 26, 2019 by sfokevin 1 1 Link to comment Share on other sites More sharing options...
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