naidraw66 Posted October 31, 2014 Share Posted October 31, 2014 Hi Your advice is appreciated, thank you! I own 2 condominiums to the value of 14,500,000. All funds were brought into Thailand from the UK by means of overseas transfers in UK sterling to two banks namely Kasikorn & Krungsri Banks. Based on this would I qualify for a 1 year extension based on investment? Please see attached photo taken from the Bangkok post business section earlier today! I look forward to your response Regards ND Link to comment Share on other sites More sharing options...
happynthailand Posted November 1, 2014 Share Posted November 1, 2014 "no see' attached photo Link to comment Share on other sites More sharing options...
ubonjoe Posted November 1, 2014 Share Posted November 1, 2014 Visas are not extended only a permit to stay is extended. It is hard to get a straight answer from immigration about extensions of stay based upon an investment of 10 million baht. They will tell it can only be a new condo and only one can be used. The rules are not clear. See clause 2.5 B of Immigration Bureau Order 327/2557 for the requirements. And Immigration Bureau Order 138/2557 documents for extension of stay. Link to comment Share on other sites More sharing options...
naidraw66 Posted November 1, 2014 Author Share Posted November 1, 2014 "no see' attached photo Sorry, It must have been removed by the moderator. Anyway it was a clipping from yesterdays Bangkok Post business supplement regarding the I year extension of stay based on investment of no less than 10,000, 000 baht Link to comment Share on other sites More sharing options...
naidraw66 Posted November 1, 2014 Author Share Posted November 1, 2014 Visas are not extended only a permit to stay is extended. It is hard to get a straight answer from immigration about extensions of stay based upon an investment of 10 million baht. They will tell it can only be a new condo and only one can be used. The rules are not clear. See clause 2.5 B of Immigration Bureau Order 327/2557 for the requirements. And Immigration Bureau Order 138/2557 documents for extension of stay. Thanks for the reply! Yes you are so right that it is not clear and open to so many angles of interpretation. There was a good article in the business section of the Bangkok Post yesterday regarding it but maybe I broke some rules adding it on here, hence it was removed! Link to comment Share on other sites More sharing options...
Lite Beer Posted November 1, 2014 Share Posted November 1, 2014 ^^^^^ 26) The Bangkok Post and Phuketwan do not allow quotes from their news articles or other material to appear on Thaivisa.com. Neither do they allow links to their publications. Posts from members containing quotes from or links to Bangkok Post or Phuketwan publications will be deleted from the forum. Link to comment Share on other sites More sharing options...
usernamex Posted November 1, 2014 Share Posted November 1, 2014 I am in a similar position and I am going to immigration this week. I'll let you know hoe it goes. Link to comment Share on other sites More sharing options...
Time Traveller Posted November 1, 2014 Share Posted November 1, 2014 That article was nothing more than marketing for a law firm. Tilleke & Gibbins were just reiterating what has been in the immigration law books for a long time. It's nothing new, and decision ultimately is with the immigration officers. Link to comment Share on other sites More sharing options...
BlackJack Posted November 2, 2014 Share Posted November 2, 2014 Yes Thai Law is ambiguous at its best Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now