Residence permits - investment?

[rick2d1]

Under Residence Permits one of the qualifications is an "investment" of 1 to 10 million baht (with a subscript that  states that 10 million is the minimum).

Can or does this mean an investment in an apartment to live in, or apartments or houses to rent out (with no employees).

I have been told "investment" in this section means only a business, with employees.

[george]

To be eligible for Residency (investment category), here is a few examples

A condo over 10 Mil THB.

Goverment bonds over 10 Mil THB

Investment in a company limited 10 Mil THB.

Cash deposit in a Thai Govt Bank over 10 Mil.

[dazdaz]

In case anyone wonders what that works out to.

10,000,000.00 THB Thailand Baht    =

145,774.87 GBP United Kingdom Pounds

231,694.57 USD US $

226,286.33 EUR Euro's

334,288.93 CHF Swiss France