What about investment VISA? does it work? do they ask you for a huge amount to be invested? Cheers
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TLDR : Answer Summary
The discussion revolves around investment visas in Thailand, highlighting the potential requirement of a significant investment amount, typically around 10 million Baht. Participants clarify that for over 50s, there is an option to deposit 800,000 Baht in a Thai bank or demonstrate a monthly income of 65,000 Baht to obtain a one-year renewable visa. Additionally, there are suggestions about considering the Thailand Elite program for those seeking privileges for their investment.
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but just putting 800K is enough for one year? or you have to show that monthly income too? if you just need to put 800k in a thai bank and thats all, that would be great
Ruben ********
ORIGINAL POSTER
Then not bad! 800K in the thai bank and you can use if for your living and every year reaching that sum again to renew visa. I think it is affordable!
David ****************
Ken. No. I’m saying if your applying for an extension based on retirement (50yo +), you need either
1) 800,000b in your sole Thai bank account.
2) 65,000b p.m. income
Or
3) a combination of the above making a combined 800,000b.
Example: 30,000b income & 460,000 in Bank.
That 3rd option is not available for an extension based on marriage.
Ken ********
So, you're saying the 800,000 baht in the bank is only if you are married to a Thai?
. You are correct if it’s an extension based on marriage, but with one based on retirement, the third option is, you can combine monthly income and funds in a Thai (sole) bank account.
Ken ********
One or the other, not both. It's my understanding, you can use the money in the bank throughout the year, but need to have 800,000 baht in the bank again, three months before you renew. You must also check in with immigration every 90 days. I'm no expert and not yet living there, but that what was explained to me.
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Ken ********
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Ken ********
I've been told that it you are over 50, you can put 800,000 baht in a Thai bank or show 65,000 baht/month income to get a one year, renewable visa.
Robert ********
Investment visas are around 10 million Baht, you might be better off considering Thailand Elite which offers more privileges for your money.
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Robert ********
Ruben, the rule was there to insure investors would buy from developers and support the industry as opposed to buying from another individual or investor, therefore benefiting just that person. Since I am no longer on the investment visa, I cannot state categorically that is still the rule, but it would make sense for it to remain as such. I suggest you speak with immigration directly for more up-to-date facts.
long ago ... then, off-plan apartments are a must still? nothing changed right now? no way to buy second hand apartments as investment to get the investment visa?
These were the terms when I had the investment visa, which was long ago before the Elite visa was introduced. I was given the rules from Immigration Dept. as an alternative to my Non-B back 15+ years ago.
must really be an off-plan apartment? wow, thats not good news ...
Robert ********
With the investment visa, you must deposit the funds into a fixed deposit account which earns very little interest. You then invest in a Condo property, but it must be new (off plan) and not second hand market. Upon completion of condo, you transfer the visa from the fixed deposit account, to the condo ownership. With that condo you may collect rental income or live there yourself. IF you decide to sell the condo, your visa must revert back to the fixed deposit.
Ruben ********
ORIGINAL POSTER
in my opinion it is more interesting investment one, as you can, for example, include the apartment where you will live as one of the investments you need to reach the amount of investment they ask you for getting that visa ... just a thought ...
Robert ********
You do get many perks and privileges with the Elite visa as well, but NO, you do not get your money back, BUT with certain categories you are allowed to transfer / sell the visa to another party....for a profit!
Ruben ********
ORIGINAL POSTER
you just "buy" a visa with many privileges but at a very expensive price, but investment visa you keep that money, it is yours, and you get profit from it too ... thats what I understand, maybe I got lost
Ruben ********
ORIGINAL POSTER
but you never get back that money which is a really huge one ...
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Ruben ********
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