Investment Visa

[Tompa]

Hi,

I’ve been trying to find out information about investment visa, but can’t seem to find enough details to form a clear picture.

It’s my understanding that you are allowed to stay in Thailand if you either deposit 3 million baht into Government Bonds, or purchase a Condo for the same amount. Now to my questions,

- If I purchase a Condo does this have to be a brand new Condo (i.e. from the developer)?

- What type of visa is granted and do I have to leave the country every 3 months?

- For how long is the visa valid (until I sell the Condo)?

I currently have a Non B visa as well as a work permit, but thinking ahead for the future.

Thanks for any help given.

Tom

[Sunny Valentine]

Do a search at this forum, this has been discussed often in the past.

You need to purchase brand new Condo from developer.

You get one Year extension for your existing (B or O) Visa.

You should get yearly extensions as long as you keep the Condo.

But there are conflicting stories around about the existence of this Visa. Some Immigration offices seem to say it does not exist any more (I asked about it in Pattaya last Year).

Sunny

[RDN]

Have a look here:

http://www.thaivisa.com/forum/index.php?showtopic=24893&st=0