Investment visa when buying a condo or bonds?

[Lorin]

Some online sources suggest you can get long term investment visa in Thailand if you buy a condo that cost more than 10 million baht, or investing in Thai government bonds. How true is it and what are the rules exactly?

[paz]

http://www.immigration.go.th/nov2004/doc/temporarystay/policy777-2551_en.pdf

http://www.immigration.go.th/nov2004/doc/temporarystay/policy305-2551_en.pdf

 

Clause 2.5

[ubonjoe]

It is 10 million baht brought into the country invested in a condo or government bonds or in a fixed deposit account or a mixture of all of them to get a one year extension of stay (not a visa)..

[Farang two dot zero]

Check this topic http://www.thaivisa.com/forum/topic/349787-10-million-investment-visa/

[georgeubon]

ONe male officer at chang wattana checked paperwork and said yes if in fixed saving account and not in mutual fund. Came back another time with a fixed saving account at a government bank and this time the female officer said no.

 

[ukrules]

I have read recently that the 10 Million Baht investment visa is not currently available.

 

I'll try and find a source on this but it came up in another thread a week or two ago.

[Maestro]

There is the usual confusion about visa and extension of stay. The non-immigrant visa category IM " - to invest with the concurrence of the Thai Ministries and Government Departments concerned " ( http://www.mfa.go.th/main/en/services/123/15398-Issuance-of-Visa.html) is, I believe, currently not available. The extension of stay for the reason of investment, in this thread first referenced in post #2, remains available.

The non-IM visa was, as far as I know, never about buying a condo, for which reasons respondents to the OP assumed that he meant the investment extension.

[stgrhe]

I have read recently that the 10 Million Baht investment visa is not currently available.

 

I'll try and find a source on this but it came up in another thread a week or two ago.

 

As Ubonjoe wrote it is not a visa but a route for an extended temporary stay in Thailand, and this alternative is indeed included in the new Police Order that takes effect on the 29th this month.

[SiggiCM]

It is 10 million baht brought into the country invested in a condo or government bonds or in a fixed deposit account or a mixture of all of them to get a one year extension of stay (not a visa)..

 

 

and after 1 year you have to leave or buy another condo for 10 Million?

[yoslim]

 

It is 10 million baht brought into the country invested in a condo or government bonds or in a fixed deposit account or a mixture of all of them to get a one year extension of stay (not a visa)..

 

 

and after 1 year you have to leave or buy another condo for 10 Million?

 

I think you have to ask for a new extension before expiry of current one.. same as retirees have to do.

[Maestro]

Removed a troll post.