The Non-Immigrant IM Visa (investment visa) can be applied for by aliens that have invested a minimum amount of 10M THB in Thailand. The motive behind introducing this visa was to engage foreign investment in the country.
The concept was first introduced in 1997 to compensate for the poor economic situation during the Asian Financial Crisis. At that time, the total investment maximized only upto 3M THB. Non-Thai individuals presently residing in Thailand with this visa can still renew it every year, but since October 2006, a rule got introduced that no other (old) investment visa can be issued.
The amount of 10M THB may seem high, but with the prices of a new condominium easily amounting to 250,000 THB per square meter, this minimum is usually reached rather easily.
Moreover, the law doesn’t require one investment of 10M THB thus a combination is possible as long as one invests in:
The following documents, duly signed by the applicant, will be requested while applying for this visa:
Note: If in any case, it becomes impossible to submit any one of these documents then the applicant should produce a letter stating the reasons behind it. Also, it is to be mentioned that all the documents should be translated into English (in this case, the documents should be notarized by a diplomatic or consular service) or Thai.
The validity of this investment visa is only for 90 days and has to be used within three months after receipt. A multiple re-entry visa is valid for one year, but for extreme necessities, it can be extended as long as the investment is maintained.