Condo

[klause]

some people say : if you own a condo in Thailand

you can also apply for longterm visa to stay in Thailand

is it true? if yes for how long you get it?

is it similar as retired visa?

thank

[Lite Beer]

You can if the condo costs 10 million Baht.

2.5 In the case of an investment:

Permission will be granted for a period of not more than 1 year at a time.

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.

[klause]

You can if the condo costs 10 million Baht.

2.5 In the case of an investment:

Permission will be granted for a period of not more than 1 year at a time.

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.

i own condo value 2.4 million baht

[KED]

In 2006, Thailand raised the investment visa to 10 million baht and I believe the purchase must be a new condo and not a previously owned one. your 2.4 million condo would not qualify.

[Jingthing]

i own condo value 2.4 million baht

Congratulations. You have no legal right to actually live in it based on your ownership.

[Lite Beer]

You will have to stick with the Retirement Extension option.