a foreign friend of mine bought a couple of years ago a condo in thailand for 10 mill thb ++, he is holding currently a non-immigrant visa and bought directly from the developer. would he still qualify for an "investment visa" given that the purchase was made a couple of years ago?
TLDR : Answer Summary
A foreign national who purchased a condo in Thailand a couple of years ago with a non-immigrant visa likely does not qualify for an investment visa. The investment typically needs to be made via the Thai BOI through an approved developer, and as indicated by several comments, the time elapsed since the purchase may disqualify this investment from being recognized for visa purposes.