THAILAND

INVESTMENT VISA PROCESSING

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 purchase or rent of a condominium for a period of no less than three years issued by a relevant agency or government.
  • The form of a fixed deposit with a Thai bank, under the condition, that Thai nationals hold more than 50 percent of the shares, or
  • Purchase of government or state enterprise bonds.

The following documents, duly signed by the applicant, will be requested while applying for this visa:

  • Visa Application Form with proper details and signature.
  • Copy of a non-immigrant visa.
  • A fee of 2,000 THB will be charged for a single entry visa and 5,000 THB for multiple entries.
  • Passport or travel document with a validity of at least six months (and 18 months if the application is for the visa with one-year validity).
  • A current photograph of the applicant (size: 4 x 6 cm)
  • Document proof of investment(s) (at least 10M THB) in Thailand after October 25, 2008 (e.g. a bank statement, Foreign Exchange Transfer Form, or a Sale and Purchase Agreement).
  • A letter from Thailand’s Board of Investment.

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.