Investment Visa Requirements

[iansc]

So having read that an investment visa can be obtained with 3 million baht deposited in government bank etc...what does that get you? A 1 year visa with 3 monthly reporting, like retirement visa. Also as long as funds are on deposit do you need to have proof of other funds coming into the country to support your self?, ...thanks

[Sunbelt Asia]

So having read that an investment visa can be obtained with 3 million baht deposited in government bank etc...what does that get you? A 1 year visa with 3 monthly reporting, like retirement visa.

Yes the same but the difference is you are not expected to use those funds in the course of the year like a retirement visa.

Also as long as funds are on deposit do you need to have proof of other funds coming into the country to support your self?

No proof of other income is needed.

www.lawyer.th.com

[iansc]

So having read that an investment visa can be obtained with 3 million baht deposited in government bank etc...what does that get you? A 1 year visa with 3 monthly reporting, like retirement visa.

Yes the same but the difference is you are not expected to use those funds in the course of the year like a retirement visa.

Also as long as funds are on deposit do you need to have proof of other funds coming into the country to support your self?

No proof of other income is needed.

www.lawyer.th.com

Could the funds be deposited with the excepted thai government bank(is it krung thai bank term deposit?) now and then use this a few years down the track to get the approprate visa...keeping the t/t forms as proof of overseas remittance. Although i am married to thai lady for last 15 years this method seems less hassle when you have spare money that you intend to invest any way.

thanks again

[Sunbelt Asia]

Could the funds be deposited with the excepted thai government bank(is it krung thai bank term deposit?)

Krung Thai Bank, Government Savings Bank, Bank for Agriculture and Cooperative, Ratanasin Bank, Srinakhorn Bank, Nakhornluang Thai Bank, Housing Bank

now and then use this a few years down the track to get the approprate visa

yes

.

..keeping the t/t forms as proof of overseas remittance.

You need the Foreign Exchange Cert from the bank here in Thailand.

Although i am married to thai lady for last 15 years this method seems less hassle when you have spare money that you intend to invest any way.

Understandable.

www.lawyer.th.com

[zzap]

"Om Sin"(spelling) is also a government bank.

[Maestro]

Could the funds be deposited with the excepted thai government bank(is it krung thai bank term deposit?)

Krung Thai Bank, Government Savings Bank, Bank for Agriculture and Cooperative, Ratanasin Bank, Srinakhorn Bank, Nakhornluang Thai Bank, Housing Bank

Sunbelt, in your experience could it also be invested in a mutual fund managed by one of these government banks, for example a fund of Krung Thai Bank?

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Maestro

[BKK90210]

"Om Sin"(spelling) is also a government bank.

hmm....I thought "Om Sin" is the saving bank for kids mostly

[Sunbelt Asia]

Sunbelt, in your experience could it also be invested in a mutual fund managed by one of these government banks, for example a fund of Krung Thai Bank?

Sorry to say, no it would not be allowed.

www.lawyer.th.com

[zzap]

Om Sin is the only bank operating out in the sticks up North.

Not a 'kiddie' bank, but I imagin they have lots of 'poor' customers...