Investment Visa

[Beer-diow, khao-neow, mai-an!]

Hi guys

Quick Q.

I've heard if you buy a condo here (new) for more than 3m THB you qualify for a 1-year, renewable investment visa.

(i) is this true?

(ii) if it is, do I need to arrive on a tourist visa, take the tabien barn ownership paper to the police and shift to the new one (for a fee)?

(iii) is is multiple entry?

(iv) is there a deadline over how long one can wait after the purchase before applying - if it is left too long is the condo 'invalid'?

Any help with this would be greatly apprecaited.

[lopburi3]

Maybe.

There is a 3 million baht investment program run by the Immigration Department that can provide one year extension of stay but specific conditions have to be met so you need to talk directly with them to be sure.

No it would not be multi entry - no extension of stay is - you would have to purchase a re entry permit(s).

Application for extension of stay of persons investing a minimum of 3 million Baht in the Kingdom

Required Documents

Evidence of transfer of at least 3 million Baht from abroad into Thailand. The applicant must be either the sender abroad or the recipient in Thailand of the investment.

Evidence of investing the transferred money after the transfer is completed in one or several of the following cases:

Deposit the money in a fixed account of a state bank (Krung Thai Bank, Government Savings Bank, Bank for Agriculture and Cooperative, Ratanasin Bank, Srinakhorn Bank, Nakhornluang Thai Bank, Housing Bank)

Buy bonds issued by a state agency or government enterprise. The bonds must be purchased directly from a state agency or government enterprise or an authorised dealer.

Buy an apartment or condominium at the price set and registered by the Land Department.

Any kind of investment deemed beneficial to the country by the Immigration Bureau.

Conditions for permission

The foreign national must permanently possess the investment. If he wishes to change the kind of investment, he first has to ask for permission to change the kind of investment and may tghen change to a new permanent kind of investment.

Note

For more information, please call 0-2213-2556