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1. you CAN switch from a tourist visa yes. Not from a stamp-in only.

2. 1 year renewable as long as you hold the investment yes. The visa can be used to apply for work permit but you can not work on ANY visa by itself. You need a (seperate doc) work permit to work.

Ps. REMEMBER that currently you can only get this visa if bought directly(new) from developer. They even seem to have trouble accepting to extend previously granted visa where bought 2nd hand from Thai person...

CHeers!

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