Foreigners who want to buy a house in Thailand often wonder what visa they need. One of the most sought-after visas is the Thailand investment visa, which foreign nationals can get if they invest in Thailand or perform activities related to investing. This guide will give you information about this type of visa, from the most essential requirements to how you can apply for the Thailand investment visa.
What is a Thailand investment visa?
The Thailand investment visa is for foreigners who invest in Thailand at least ฿ 10 million ($280,000). Many foreigners invest by buying property in Thailand. With this visa type, foreigners can stay in Thailand for 90 days or one year and renew their visa as long as their investment remains. To get this visa, foreigners must buy a condo, invest in government bonds, or put their money in a Thai bank account. This means that people who want this visa can invest in different ways.
The good thing about having a Thailand investment visa is that it can be renewed every year. Besides that, family members of the main investor can also apply for the Thailand investment visa.
Validity of Thailand’s investment visa
The single-entry investment visa is valid for 90 days and has to be used within three months. The multiple re-entry visa is valid for one year and can be extended as long as the investment remains.
How much does the Thailand investor visa cost?
The single-entry Thailand investment visa costs ฿ 2,000 ($56), while the multiple-entry visa costs ฿ 5,000 ($140).
Who is eligible to obtain the Thailand investment visa?
Since August 2014, foreign investors in Thailand have been granted the opportunity for long-term stays through the Investment Visa program. To be eligible for the Thailand residence visa by investment, you must meet several criteria, which include:
- Holding a non-immigrant visa.
- Transferring a minimum of ฿ 10 million ($280,000) into Thailand.
To obtain the Thailand property investment visa, foreigners must invest at least ฿ 10 million ($280,000) in one of the following:
- Buy a property in Thailand.
- Rent an apartment or house in Thailand for at least three years.
- Maintain a balance in a fixed-deposit account at a Thai-owned bank.
- Buy government or state enterprise bonds.
Ensure you meet the requirements before you apply for the Thailand investment visa.
What documents are required to apply for an investment visa in Thailand?
Here is a list of the documents that you will need for your investment visa application:
- A fully completed and signed application form.
- A non-immigrant visa Thailand (category ‘IB’).
- A photocopy of your passport.
- Proof of funds transferred from a foreign country to a bank in Thailand.
- A copy of the condominium purchase agreement and the ownership registration issued by the government or relevant agency (if buying a condominium) or a copy of a long-term lease agreement.
- A certificate from a bank confirming the funds deposit and evidence of the deposit (only for investment in a funds deposit).
- Copies of bond certificates (only for investment in government or state enterprise bonds).
How can I get a non-immigrant visa Thailand?
Foreigners need Thailand’s non-immigrant visa before applying for an investment visa. Applying for a non-immigrant visa can be done at the nearest Thai Embassy. It’s important to mention that the non-immigrant visa will be used for investing in Thailand. Only after obtaining the non-immigrant visa and investing a minimum of ฿ 10 million ($280,000) in Thailand can one apply for an investment visa in Thailand.
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Conclusion
Foreigners who want to buy a house in Thailand can get Thailand’s investment visa by investing at least ฿ 10 million ($280,000). This visa lets foreigners stay in Thailand longer and can be renewed every 90 days or year. Besides the investment, you’ll need to submit certain documents and a non-immigrant visa to be eligible for the investment visa.
Frequently Asked Questions (FAQs)
What are the benefits of a Thailand investment visa?
You can extend it yearly to stay in Thailand for a more extended period, and your family members can also apply for the same visa.
What is the minimum investment for a Thailand visa?
The minimum investment you should make is ฿ 10 million ($280,000) in real estate, Thai government bonds, or a Thai bank account.
Where can I find more information on Thailand’s visa requirements for property ownership?
You can consult with the Thai Embassy or Consulate in your home country, seek advice from immigration officials in Thailand, or consult with a Thailand legal expert who specializes in property transactions for foreigners.
