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New 2m Investment Visa?


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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!

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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

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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.

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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?

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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 :D

Shame I don't have 10m let alone 10M to tie up :o

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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 :D

Shame I don't have 10m let alone 10M to tie up :o

Correct.

What the OP was writing about was BOI though.

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[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.

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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!

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