Investment Visa

[freebird32]

Anybody know the exact details on how this can be got ?????

[jbaldwin]

I have an extension on investment grounds. Need to keep 3 million baht in a fixed deposit account. However, I beleive that this option was removed for new applicants on 1 October 2006 - now only renewals for existing holders

[Lite Beer]

These are the rules,

A. In case of an investment of not less than 3 million baht

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

(2) The alien entered Thailand before October 1, 2006 and has been continuously allowed to remain in the Kingdom of not less than 3 million baht.

(3) Proof of money transfer to Thailand of not less than 3 million baht

(4) Proof of investment to purchase a unit in a condominium from an agency or government agency concerned at a price of not less than 3 million baht

(5) Proof of investment in the form of a fixed deposit of not less than 3 million baht with a bank registered in Thailand with Thai shareholders comprising of more than 50% of its shareholders or;

(6) Proof of investment to purchase government or state enterprise bonds with a value of not less than 3 million baht or

(7) Proof of combined investments as set out in clauses (4),(5),

or (6) having a total value of not less than 3 million baht.

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.

[freebird32]

These are the rules,

A. In case of an investment of not less than 3 million baht

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

(2) The alien entered Thailand before October 1, 2006 and has been continuously allowed to remain in the Kingdom of not less than 3 million baht.

(3) Proof of money transfer to Thailand of not less than 3 million baht

(4) Proof of investment to purchase a unit in a condominium from an agency or government agency concerned at a price of not less than 3 million baht

(5) Proof of investment in the form of a fixed deposit of not less than 3 million baht with a bank registered in Thailand with Thai shareholders comprising of more than 50% of its shareholders or;

(6) Proof of investment to purchase government or state enterprise bonds with a value of not less than 3 million baht or

(7) Proof of combined investments as set out in clauses (4),(5),

or (6) having a total value of not less than 3 million baht.

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.

So basically you are saying that if I have 10 million Baht which can be invested in bonds/fixed deposit account/ or property i get a visa?????

[Lite Beer]

Immigration are saying that thay will issue a 12 month extension of stay. You have to re apply every year.

This is a new rule and as of yet we have had no reports of anyone doing this. At 10M Baht applicants are going to be few and far between. The rule is there so go and ask them.

[astral]

10 million baht is a BIG chunk of cash.

Not for the light hearted.

[paperwerks]

These are the rules,

A. In case of an investment of not less than 3 million baht

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

(2) The alien entered Thailand before October 1, 2006 and has been continuously allowed to remain in the Kingdom of not less than 3 million baht.

(3) Proof of money transfer to Thailand of not less than 3 million baht

(4) Proof of investment to purchase a unit in a condominium from an agency or government agency concerned at a price of not less than 3 million baht

(5) Proof of investment in the form of a fixed deposit of not less than 3 million baht with a bank registered in Thailand with Thai shareholders comprising of more than 50% of its shareholders or;

(6) Proof of investment to purchase government or state enterprise bonds with a value of not less than 3 million baht or

(7) Proof of combined investments as set out in clauses (4),(5),

or (6) having a total value of not less than 3 million baht.

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.

THESE RULES HAVE BEEN PHASED OUT. ONLY EXTENSIONS OF EXISTING INVESTMENT VISAS ARE ALLOWED.

[Lite Beer]

The 10 M Baht investment is a new thing since 25th November 2008.

[CFIT]

I have a Investor Visa from before Oct 2006, 3 million baht requirement.

It is a " B " (is that B for business? ) visa but I'm told I cannot work on it - any way to change this so I can work but still retain the visa?

Can I start a small business- or do I have to give the investor visa up ?

[chiangmaibruce]

The 10 M Baht investment is a new thing since 25th November 2008.

LB

Just to clarify, are you saying that the 10m Baht Inv Visa was re-introduced as part of the Police order no.777/2551?

OP

If you are interested in the background on this investment visa issue then do a thaivisa forum search to find the earlier threads (search on "investment visa")

[Lite Beer]

LB

Just to clarify, are you saying that the 10m Baht Inv Visa was re-introduced as part of the Police order no.777/2551?

Yes. This is Police Order 2006. Investment Extension is 7.4

This is Police Order 2008. Investment Extension is 2.5

[Lite Beer]

I have a Investor Visa from before Oct 2006, 3 million baht requirement.

It is a " B " (is that B for business? ) visa but I'm told I cannot work on it - any way to change this so I can work but still retain the visa?

Can I start a small business- or do I have to give the investor visa up ?

If you are talking about a 12 month Extension from Immigration based on a 3 M Investment it is not a Visa. It is an Extension of Stay.

I do see why you cannot work with this if you have a Work Permit.