August 26, 2015
The investment visa offers foreigners the right to get a one-year visa to live in Thailand. The most important requirement is to bring 10 Million THB into the country. It should be considered that it is not allowed to earn wages in Thailand.
Specifically, the investment is not only related to buying property. There are three different options to invest the funds:
- Buying a condominium unit at a purchase price or rent of at least 10 Million THB.
- Holding the funds in a fixed deposit account at a Thai bank whose share capital is majority Thai owned.
- Buying or holding Thai government or Thai state enterprise bonds worth at least 10 Million THB.
When the price of the condominium does not reach the amount of the 10 Million THB mark, the possibility of an investment visa is still there. The foreigner has to add one of the other named types of investment to reach the 10 Million THB mark. It must be noted that in general a foreigner is allowed to buy a condominium if he does not own more than 49% of the total floor space of the complex.
Beyond that, if a foreigner wants to apply for a visa from abroad at the Royal Embassy in connection with the purchase of a condominium he needs following documents:
- Visa application form
- Sale-purchase agreement of a condominium
- Evidence of title
- 2 photos
- Government fee of THB 2,000 for single re-entry with three months visa
- Government fee of THB 5,000 for multiple re-entries with one year visa
If a foreigner already has another visa status but would like to change it to an investment visa, there are following other conditions and requirements he has to fulfill:
- Must invest not less than 10 Million THB
- First grant a three months visa then have to extend to be one year visa
- Have to wait 15-30 days for hearing a visa result
The required documents for an application are as follows:
- Original and copy of passport
- Visa application form
- Chanote (must be the first and the only owner of the property)
- Copy of sale-purchase agreement between the buyer and the condominium company
- Copy of registration of the ownership
- Receipt of a government fee from the land office
- Copy of bank account booklet
- An evidence of payment to buy a condo by foreign currency (or declaration letter if pay by cash)
- Copy of house registration
- Certification of appraisement (issue by Land Office)
- 1 photograph
- Government fee of THB 2,000
Please feel free to contact us if you have any questions.