If I buy a house in one of the islands, for investment or for a living. What’s the situation with visa?
Do I have to open a company with a Thai to be able to live/stay/manage my place?
Is there a minimum for an investment?
For example, if one buy a house for $500k, will he get some sort of visa without a company?
TLDR : Answer Summary
Buying a house in Thailand does not automatically grant a visa or residency rights. For homeowners, opening a company is not necessary just to maintain the property, but possible pathways to acquire a visa include investing a minimum of 10 million baht under specific conditions. The Board of Investment (BOI) offers certain incentives for investments, but typically, residential properties like villas on islands do not qualify. As an alternative, the Thai Elite visa is available for investors. Overall, purchasing property in Thailand does not guarantee visa benefits.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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