nokia Posted February 4, 2009 Share Posted February 4, 2009 Hi folks, I understand Both the 3M Baht and 10M baht investment visa were stopped a few years back, but on the ministry of foreign affairs,thai website, http://www.mfa.go.th/web/2482.php?id=2492 it mentions a One Stop Service Centre (2) Foreigner who is an investor. - If investing not less than 2 million Baht, he or she will be granted a 1 year permit. - If investing not less than 10 million Baht, he or she will be granted a 2 year permit. If this news obsolete or can someone invest 2M in a condo or deposit 2M in a bank and get a 1yr permit? Cheers! Link to comment Share on other sites More sharing options...
Mario2008 Posted February 4, 2009 Share Posted February 4, 2009 No, there is a 10M baht investment visa. Edit: http://www.thaivisa.com/forum/post-a70477-...ember-2008.html see 2.5 Link to comment Share on other sites More sharing options...
Lite Beer Posted February 4, 2009 Share Posted February 4, 2009 Hi folks,I understand Both the 3M Baht and 10M baht investment visa were stopped a few years back, but on the ministry of foreign affairs,thai website, http://www.mfa.go.th/web/2482.php?id=2492 it mentions a One Stop Service Centre (2) Foreigner who is an investor. - If investing not less than 2 million Baht, he or she will be granted a 1 year permit. - If investing not less than 10 million Baht, he or she will be granted a 2 year permit. If this news obsolete or can someone invest 2M in a condo or deposit 2M in a bank and get a 1yr permit? Cheers! There is now an Investment Visa of 10M Baht only for new applicants. See Rule 2.5 B Link to comment Share on other sites More sharing options...
ubonjoe Posted February 4, 2009 Share Posted February 4, 2009 The 2 and 10 million mentioned by the OP are under the BOI. 2.3 Non-Immigrant Visa Category “IB” (Investment and Business Visa) is issued to foreign citizens employed to work on investment projects which are under the auspices of the Board of Investment of Thailand (BOI). Such projects must be involved in or bring benefit to Thailand in the following ways: - Export-promotion - Increasing employment - Utilising local raw materials - Projects engaging the provinces - Encouraging technology transfer to Thai nationals - Not hindering existing domestic businesses 4.2 Foreigners who are eligible to apply for visa extension and work permits at the One Stop Service Centre are: (1) Foreigner who is an executive or expert with privileges accorded to them by the following laws: - Investment Promotion Act B.E. 2520 (1977) - Petroleum Act B.E. 2514 (1971) - Industrial Estate Authority of Thailand Act B.E. 2522 (1979) (2) Foreigner who is an investor. - If investing not less than 2 million Baht, he or she will be granted a 1 year permit. - If investing not less than 10 million Baht, he or she will be granted a 2 year permit. Link to comment Share on other sites More sharing options...
nokia Posted February 4, 2009 Author Share Posted February 4, 2009 The 2 and 10 million mentioned by the OP are under the BOI.2.3 Non-Immigrant Visa Category “IB” (Investment and Business Visa) is issued to foreign citizens employed to work on investment projects which are under the auspices of the Board of Investment of Thailand (BOI). Such projects must be involved in or bring benefit to Thailand in the following ways: - Export-promotion - Increasing employment - Utilising local raw materials - Projects engaging the provinces - Encouraging technology transfer to Thai nationals - Not hindering existing domestic businesses 4.2 Foreigners who are eligible to apply for visa extension and work permits at the One Stop Service Centre are: (1) Foreigner who is an executive or expert with privileges accorded to them by the following laws: - Investment Promotion Act B.E. 2520 (1977) - Petroleum Act B.E. 2514 (1971) - Industrial Estate Authority of Thailand Act B.E. 2522 (1979) (2) Foreigner who is an investor. - If investing not less than 2 million Baht, he or she will be granted a 1 year permit. - If investing not less than 10 million Baht, he or she will be granted a 2 year permit. Ok, it is for those who are starting a BOI-approved business. Can an investor-to-be looking for business opportunity in Thailand get a 1 yr permit simply by showing 2M in bank account without any business documents on hand? Link to comment Share on other sites More sharing options...
ubonjoe Posted February 4, 2009 Share Posted February 4, 2009 I don't think so. Plus you would have to go through BOI approval and etc. You can be sure it would not be easy. I am not even sure they are still available. The BOI would be the ones to contact. Website: http://www.boi.go.th/english/ Link to comment Share on other sites More sharing options...
Crossy Posted February 4, 2009 Share Posted February 4, 2009 There is now an Investment Visa of 10M Baht only for new applicants. See Rule 2.5 B 2.5B of the police order is not BOI. Looks like a 10M investment visa Shame I don't have 10m let alone 10M to tie up Link to comment Share on other sites More sharing options...
ubonjoe Posted February 4, 2009 Share Posted February 4, 2009 There is now an Investment Visa of 10M Baht only for new applicants. See Rule 2.5 B 2.5B of the police order is not BOI. Looks like a 10M investment visa Shame I don't have 10m let alone 10M to tie up Correct. What the OP was writing about was BOI though. Link to comment Share on other sites More sharing options...
Mario2008 Posted February 4, 2009 Share Posted February 4, 2009 [Ok, it is for those who are starting a BOI-approved business. Can an investor-to-be looking for business opportunity in Thailand get a 1 yr permit simply by showing 2M in bank account without any business documents on hand? I understand there are possibilities to research the possibility of starting a business. Better contact one of our forum sponsers, like Sunbelt or Siamlegal for more information. Link to comment Share on other sites More sharing options...
PoorSucker Posted February 4, 2009 Share Posted February 4, 2009 Investment in condo is not possible anymore. Must show you'll employee Thai. Link to comment Share on other sites More sharing options...
Mario2008 Posted February 4, 2009 Share Posted February 4, 2009 Investment in condo is not possible anymore.Must show you'll employee Thai. Investment in a condo is possible again, if it is 10 million or more. See immigration rules, 2.5 B. Link to comment Share on other sites More sharing options...
nokia Posted February 5, 2009 Author Share Posted February 5, 2009 Investment in condo is not possible anymore.Must show you'll employee Thai. Investment in a condo is possible again, if it is 10 million or more. See immigration rules, 2.5 B. Many thanks Mario2008, ubonjoe & poorsucker for your advice & quick responses. Cheers! Link to comment Share on other sites More sharing options...
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