What is the new long stay visa in Thailand, and is it reliable?

Its fake. Get the DTV. Very easy to get and your good for 5 years multiple entries.

This is a pure scam 😂😂😂so if you rent a condos or houses for 1 year 6 months it gives you the right to live here with a long stay visa 😂😂😂theres no such thing ,,, no foreigner can buy land here do not be took in by this bullshit

Penang embassy

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For a family of 5, it will cost close to 1000 pound a week to live, with.visas, food, rent, education, entertainment, insurance etc etc. Of course you may be very wealthy but if you are moving cos you saw Thailand has a cheap cost of living, it has if you are Thai, but costly if you are a foreigner.

No

No such thing meet the requirements and get a retirement visa or if you have $80,000 passive income try for the LTR visa

I asked several lawyers (not developers) who assured me this is not yet approved definitively and they are not processing this.

This is the update I saw from a Bangkok law firm with similar FB posts by some developers. Buy a condo for >3m baht (must be valued as 3m by an approved valuation company) and you can apply for a long stay visa. Applicable for yearly rental of 800,000b too.

I saw a Taiwanese post on FB that he has to pay 29,000b to process the visa for himself, one pax, after he bought a 4m condo earlier this month. Not sure how much the charges are if you apply as a family.

If you know how frequently they "update" their policies, you will wonder how reliable this scheme is. IMO, the existing ones are the more reliable options.

I read it's currently being tested in phuket only.

When did you last visit Thailand and which city?

Hi Jennifer, yes, this "buy for 3 million and get longstay visa" also caught my eye. I queried a legal/business firm about it and got this response:

"Yes, the route does exist, and in our article you can find links to the relevant Immigration Bureau orders.

That said, at the moment we are handling these matters with the operator on a case-by-case basis, and so far our cases are still at the eligibility check stage. We therefore cannot yet confirm actual approvals from practical experience. As this is a new visa route, we still need to see how it works in practice."

I further inquired whether this was a generally available scheme, or limited to one (Phuket) developer as some have noted. The response was:

"Correct, this is not limited to Sansiri and is not tied to any one developer or region.

Several developers appear to participate in the program and market it as including a “free” visa, although in practice that cost is usually built into the property price."

Another legal firm has this caveat on their website:

"The detailed implementing regulations and administrative procedures for this pathway have not yet been issued by the relevant Thai authorities. Despite representations by some agents and legal consultants, this program is currently inoperable pending publication of complete regulatory guidance. Foreign nationals should exercise caution and obtain current legal advice before relying upon this pathway."

So, on face value it's interesting, but currently appears to be somewhere on the spectrum between bleeding-edge and non-existent.

good luck with that

These are just incentives from developers to make you want to purchase condos. A one stop shop, buy condo and visa is sorted so you can move to Thailand.. sounds good because thats how they want it too sound.

Not wishing to get too much off your topic, You should decide where you want to be in Thailand, by the sea, in a city, big city, small city, rural. And it sounds like you have three children that are going to need a good education. You're going to want to be somewhere near their school, international schools are not cheap. You're going to have to work with the school on what kind of visa is acceptable for the children, then the parents can choose a guardian visa if appropriate. Of course you can also go the 5 year DTV route.

Don't do it. You will lose 50% of the condo value just for a visa is not worth it.

If only it was that easy ....

It’s a bold move to relocate without knowing the visa rules, my advise is to contact you local thai embassy, and start with looking into their homepage.

Don’t buy property, rent ,

Thailand has very strict laws on that subject, you cannot own land as a foreigner, and don’t buy a company.

Definitely not an official government visa program, don't believe everything you read. There's a lot of Visa options available, check carefully

I have seen similar advertisements promoting properties in Phuket and Pattaya so far. The properties seem a little expensive and the terms of the visa were not explained well.

Not a government program.

Beware .

Its not an official Thailand government visa program..

Its set up by development companies and I expect the cost of them managing the visa process is built into your property purchase costs..