Obtaining the permanent residency permit in Thailand is not evident. Not only is there an annual quota per nationality (published in the Government Gazette), one also has to comply with the following requirements:
The permanent residence will be revoked immediately if the applicant no longer complies with the above.
Besides being able to reside in Thailand permanently without any administrative loss of time, a Thai permanent resident will be able to buy a condominium without having to transfer funds from abroad (since local financing will become quite a lot easier), can become a director of a Thai public company, can apply for an extension of stay for his (non-Thai) family members, even he will receive his work permit easier.
One can only apply for the permanent residence from October to the end of December of every year and the applicant may in principle submit his application until the last working day of that year. After submission, the Immigration Commission will verify the application for approval or refusal within 60 days. If approved, the application will be sent to the Minister of Interior for a second confirmation. In total, the consideration for the application will consume about six months to one year time.
Permanent residency only applies when the foreigner meets the following conditions:
*Please note that the applicant will also be interviewed by an immigration officer to test their oral vocabulary skills in Thai.