Is there a new visa being prepared for investors who purchase property worth more than 3 million baht?
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TLDR : Answer Summary
Thailand is reportedly preparing a new Long-Stay Visa for international investors who purchase property worth over 3 million baht. To qualify, investors can buy a condominium at that price, rent a property at 85,000 baht/month, or enter a long-term lease of 3 years totaling at least 3.06 million baht. However, there is skepticism regarding the legitimacy of such a visa, with some community members suggesting it might be a marketing strategy by developers rather than a formalized program.
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Recently there has been a bit of social media regarding a development company out of Phuket with ties to the former Prime Minister. It was announced that a minimum 3 million purchase in their development would secure a visa. If I recall they also had a development in Chiang Mai that was qualifying as well. It appeared that there is some Russian real estate involvement in this venture. Regardless, I'd be wary.
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