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Unanswered3 years ago

Can I apply for an investment visa in Thailand with jointly owned condos?

Investment Visa Thailand Immigration Visa Regulations Foreign Property Ownership BOI Approval Joint Investment

Philip ********

Philip ********

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asked Apr 1, 2024

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I have a question about the investment visa that I cannot figure out the answer to online, so would appreciate anyone that has knowledge. 

My wife and I have THB14M invested in 3 condos that are in joint names. We currently live in Hong Kong. 

Can one or both of us apply for the investment visa, or should we have put all the properties in one name, and the other person applies for the dependant visa that can hang off the person who gets the investment visa?

Many thanks to anyone who may know the answer to this.

Summary so far

The user seeks clarity on the eligibility for an investment visa in Thailand based on their investment of THB 14 million in three jointly owned condos. They are unsure whether one or both spouses can apply for the investment visa or if the properties should be solely in one name for the other to apply for a dependent visa. Responses suggest that existing investments may not qualify for an investment visa and emphasize the necessity of pre-approved purchases through the BOI. It is recommended to contact BOI directly for specific guidance.

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John **********

John **********

Number 14 in this list may be helpful to you. It lists the criteria from an immigration perspective

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2

John **********

John **********

I'm pretty sure you can't use preexisting investments to obtain an investment visa. Normally the investment has to be approved in advance and condos purchased from the developer as part of the investment process.

5

James ********

James ********

@John *********

correct ✅

1

Ellie *******

Ellie *******

If you meet the criteria, maybe you can. You need to buy a pre-approved property by BOI and the purchase has to be done through a specific channel. Also, the purchase itself has to be approved by BOI before you complete the procedure. If I remember right, the price of the purchased property has to be more than 10M baht per property. You need to contact BOI directly for details.

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2

Adrian *******

Adrian *******

what type of property can foreigners own using this route? is it just condos or can you own landed residential property or commercial property?

2

Ellie *******

Ellie *******

, please check with BOI for details.

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