- Residency by Investment
Thailand is a country located in Southeast Asia, with the area of 513,120 km² and with the population of 68 Million People. Thailand is well-known for its tourism, beautiful beaches, low prices and friendly business atmosphere. The investment visa program is not a new thing for Thailand. In 1997, when there was a crisis, the Government decided to establish the investment program in order to help Thai businessmen sell their leftovers from the business. Besides that, Thailand is very cultural country and has one of the fastest growing economies in Asia. Because of the low real estate prices and affordable standard of living, Thailand became one of the most attractive places on earth for tourism and for doing business.
The process for obtaining the permanent residence permit is as follows:
- The investor must obtain the non-immigrant visa (B category Visa), which entitles him/her to enter the country.
- After entering the country, the Investor must invest 10 Million THB (at the beginning it was 3 Million THB) in the country in order to obtain 1 year residence permit and the right to reside in the country.
- The 10 Million THB investment entitles the investor to extend his/her stay in Thailand for 1 year more
- The investment must be kept at least 3 years
Type of Investments:
- 10 Million THB investment in government bonds
- 10 Million THB deposit in one of the Thai Banks and mandatory rule is that the 50% holder of the Thai bank must be a Thai national
- Investment in rental or purchase condominium for at least 3 years. The purchase and rental price must not be less than 10 Million THB
Thai permanent residency has a lot of advantages such as: unrestricted right to live, study and work in Thailand. The permanent residency does not expire and it can be renewed in every ten years. In case if the investor wants to travel internationally, he/she must apply for re-entry permit before leaving the country. With the permanent residence permit, the investor can become a director of the public company, which will be registered in Thailand. The permanent residence permit is the way to Thai passport. The investor is entitled to apply for the Thai citizenship, if he/she resides in the country for ten year period.
The Thai immigration process is regulated by 3 primary legal acts: Alien Working Act, the Nationality Act and the Immigration Act. The process of obtaining permanent residence permit is not an easy thing and needs some time depending on the type of investment.
Once an investor obtains a permanent residence permit, he/she will receive a residence blue book. Afterwards investor must register his/her place of residence and obtain a house card. After one weak, when investor receives his/her residence certificate, he/she can apply for the alien book (the red book) in police station. This alien book is similar to national ID card.
Located in the continent of Asia, Thailand shares land borders with 4 countries: Burma, Cambodia, Malaysia, Lao People's Democratic Republic.
Baht (?) (THB)
Unitary parliamentary constitutional monarchy
Reasons to choose Thailand?
- One of the fastest growing economy in the region
- One of the best places for doing business
- Well known for its tourism and beautiful beaches
- Low cost of living
- The permanent residency does not expire and just needs to be renewed in every ten years
Visa-Free/Visa-on-arrival: Argentina, Armenia, Bahrain, Bangladesh, Bermuda, Bolivia, Brazil, British Virgin Islands, Brunei, Cambodia, Cape Verde, Chile, Comoros, Cook Islands, Djibouti, Dominica, Dominican Republic, Ecuador, Ethiopia, Fiji, Georgia, Grenada, Haiti, Hong Kong, Indonesia, Iran, Japan, Jordan, Kyrgyzstan, Laos, Macau, Madagascar, Malawi, Malaysia, Maldives, Marshall Islands, Mauritania, Mauritius, Micronesia, Mongolia, Mozambique, Myanmar, Nepal, Nicaragua, Niue, Oman, Palau, Panama, Papua New Guinea, Peru, Philippines, Russia, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Senegal, Seychelles, Singapore, Solomon Islands, South Africa, South Korea, Taiwan, Tajikistan, Tanzania, Timor-Leste, Togo, Turkey, Tuvalu, Uganda, Vanuatu, Vietnam, Zambia,
Electronic Authorization: Gabon, India, Kenya, Saint Kitts and Nevis, Sri Lanka, Zimbabwe,
Visa required prior to arrival: Afghanistan, Albania, Algeria, American Samoa, Angola, Anguilla, Antigua and Barbuda, Aruba, Australia, Austria, Azerbaijan, Bahamas, Barbados, Belarus, Belgium, Belize, Benin, Bhutan, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Bulgaria, Burkina Faso, Burundi, Cameroon, Canada, Cayman Islands, Central African Republic, Chad, China, Colombia, Congo Republic, Costa Rica, Croatia, Cuba, Curaçao, Cyprus, Czech Republic, Côte d'Ivoire, Democratic Republic of the Congo, Denmark, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Falkland Islands (Malvinas), Finland, France, French Guiana, French Polynesia, Gambia, Germany, Ghana, Gibraltar, Greece, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Honduras, Hungary, Iceland, Iraq, Ireland, Israel, Italy, Jamaica, Kazakhstan, Kiribati, Kosovo, Kuwait, Latvia, Lebanon, Lesotho, Liberia, Lithuania, Luxembourg, Macedonia, Mali, Malta, Martinique, Mayotte, Mexico, Moldova, Montenegro, Montserrat, Morocco, Namibia, Nauru, Netherlands, New Caledonia, New Zealand, Niger, Nigeria, Norfolk Island, North Korea, Northern Mariana Islands, Norway, Pakistan, Paraguay, Poland, Portugal, Puerto Rico, Qatar, Romania, Rwanda, Réunion, Saint Barthélemy, Saint Martin (French part), Saint Pierre and Miquelon, Sao Tome and Principe, Saudi Arabia, Serbia, Sierra Leone, Sint Maarten (Dutch part), Slovakia, Slovenia, Somalia, South Sudan, Spain, Sudan, Suriname, Swaziland, Sweden, Switzerland, Syria, Tonga, Trinidad and Tobago, Tunisia, Turkmenistan, Turks and Caicos Islands, U.S. Virgin Islands, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Wallis and Futuna, Yemen
Entry denied: Libya