Jump to content
BANGKOK
338den

How to get a one-year extension of stay based on an investment of 10 million baht?

Recommended Posts

Hello,
Now I am living in Thailand on the ED visa (study in a language school). I applied for a 1-year language course in school, got a ED-visa and should extend it every 3 months, until course will finished (total 3 extensions).
After the third extension, If I will transfer a 10 million baht to a Thai bank on a fixed deposit, will I qualify for a one-year extension of stay?
Can I live here with this ED-visa and not study and apply for one-year extensions every year?

What is the process?
Thinking of getting an Elite visa, but considering these one-year extensions based on 10 mln baht investment instead.

 

From Bangkok Immigration site:
"20. Question : Could the alien (about 35 year of age) stay in Thailand without working or marriage to Thai national? If so, what are the requirements?
        Answer : Yes. The said alien could stay in the Kingdom by the reason of investment of no less than 10 million Baht in Thailand. The requirements are that the alien:
 Must have been granted a “Non-Immigrant visa”
Must have evidence of transferring funds into Thailand of no less than 10 million Baht. (Copy of evidence showing a tranfer of funds from a foregin country to a bank in Thailand)
Must have evidence of investing in the purchase or rental of a condominium unit for a period of no less than 3 year issued by a relevant agency or government unit, at a purchase or rental price of no less than 10 million Baht (Copy of condominium purchase agreement and copy of the ownership registration of the said condominium issued by government or relevant agency or a copy of a long-term lease agreement are needed documents): or
Must have evidence of investing in the form of a fixed deposit of no less than 10 million Baht with the Bank which is registered in Thailand and has Thai national holding more than 50 percent of it’s shares (Funds deposit certificate issued by the bank and a copy of evidence of funds deposit are required documents) : or
Must have evidence in the purchase of government or state enterprise bonds of no less than  10 million Baht ( copies of bond certificates are needed documents) : or
Must have evidences of making an investment as set out in Criteria3),4 or 5) with a total value of not less than 10 million Baht."

 

 

Thanks for your help!

Edited by 338den

Share this post


Link to post
Share on other sites

Not sure what website you found that info on. I suspect it was not a official site.

You can apply for a one year extension of stay based upon a 10 million baht investment.

General requirement for the extension are here. https://www.immigration.go.th/content/service_5

After getting the one year extension you can attend school since a non-ed visa is not required to attend school.

You will likely have to leave the country and re-enter the country using a tourist visa or visa exempt entry to a apply for a 90 day non immigrant visa (category B) entry at immigration that is needed to apply for the one year extension. Visa application requirements are here. https://www.immigration.go.th/content/service_85

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites

I tried that once at Samut P.  but they were not interested to help me, 10 M was on the bank, brought bank book and other papers... <deleted>

Share this post


Link to post
Share on other sites

You need to transfer 10 million baht from abroad and have them invested in a condo, Thai company or government bonds, not only have them in your bank account.

Share this post


Link to post
Share on other sites
11 minutes ago, jackdd said:

You need to transfer 10 million baht from abroad and have them invested in a condo, Thai company or government bonds, not only have them in your bank account.

That is not correct.

The 10 million baht can be in a bank account. From the page on the immigration website that I posted a link to.

"B. Investment of no less than Baht 10 million:
1. Application form
2. Copy of applicant’s passport
3. Copy of evidence showing a transfer of funds from a foreign country to a bank in Thailand
4. Copy of a condominium purchase agreement and a copy of the ownership registration of said
condominium issued by the government or relevant agency (in the case of purchase of a
condominium) or a copy of a long-term lease agreement; or
5. Funds deposit certificate issued by a bank and a copy of evidence of the funds deposit (only in
the case of investment in funds deposit); or
6. Copies of bond certificates (only in the case of investment in a purchase of government or state
enterprise bonds)"

Share this post


Link to post
Share on other sites
35 minutes ago, ubonjoe said:

That is not correct.

The 10 million baht can be in a bank account. From the page on the immigration website that I posted a link to.

"B. Investment of no less than Baht 10 million:
1. Application form
2. Copy of applicant’s passport
3. Copy of evidence showing a transfer of funds from a foreign country to a bank in Thailand
4. Copy of a condominium purchase agreement and a copy of the ownership registration of said
condominium issued by the government or relevant agency (in the case of purchase of a
condominium) or a copy of a long-term lease agreement; or
5. Funds deposit certificate issued by a bank and a copy of evidence of the funds deposit (only in
the case of investment in funds deposit); or
6. Copies of bond certificates (only in the case of investment in a purchase of government or state
enterprise bonds)"

Ubonjoe: where does it say that it can be "money in a bank account"?

 

I am asking as I have dug deep into this as I am in the process myself of getting such based on real estate.

 

If the definition of what we are talking about here is "money wired into a regular bank account in the amount of 10 MIL / THB" then your statement is not accurate unless I missed or misunderstood something.

 

A)

The money needs to be shown to be wired in from abroad.

 

B)

It needs to be invested in one of the mentioned instruments

 

C)

If investing in a condo, it needs to be directly from the developer and held for at least three years (or something like that from the top of my head).

 

Several condos can be combined to cover the 10MIL/THB requirement as long as they fulfill the 10 MIL / THB threshold in registered purchase price BUT some immigration officers say that condos in different provinces can't be combined which is not stated anywhere in the requirements.

 

Share this post


Link to post
Share on other sites
2 minutes ago, Sexbomb said:

Ubonjoe: where does it say that it can be "money in a bank account"?

Number 5.

Note it can a combination of 4, 5 or 6 as well. 

Share this post


Link to post
Share on other sites
2 minutes ago, ubonjoe said:

Number 5.

Note it can a combination of 4, 5 or 6 as well. 

I do believe that refers to fixed deposits of various kinds and/or similar.

 

Not cash in a bank account.

 

If that would be the case, then all other requirements would be futile don't you think?

 

Such as buying an off plan condo, holding it three years, etc when you can just wire money in and put on a bank account.

 

Money in the bank in a regular bank account is not much of an investment nor, and I am almost certain, does it qualify for an extension based on a 10MIL / THB investment.

Share this post


Link to post
Share on other sites
7 minutes ago, Sexbomb said:

I do believe that refers to fixed deposits of various kinds and/or similar.

That is only part of the web page I posted a link to (https://www.immigration.go.th/content/service_5). This is shown further up on that page.

"(4) Must have evidence of investing in the form of a fixed deposit of no less than Baht 10 million
with a bank which is registered in Thailand and has Thai nationals holding more than 50 percent of
its shares; or"

  • Like 1

Share this post


Link to post
Share on other sites
17 minutes ago, ubonjoe said:

That is only part of the web page I posted a link to (https://www.immigration.go.th/content/service_5). This is shown further up on that page.

"(4) Must have evidence of investing in the form of a fixed deposit of no less than Baht 10 million
with a bank which is registered in Thailand and has Thai nationals holding more than 50 percent of
its shares; or"

I am pretty sure 10 MIL / THB wired in from abroad sitting in a regular bank account does not qualify for this type of extension.

Share this post


Link to post
Share on other sites
6 minutes ago, Sexbomb said:

I am pretty sure 10 MIL / THB wired in from abroad sitting in a regular bank account does not qualify for this type of extension.

The immigration website and the police order state it is allowed and I am certain that there are people that have gotten the extension with only the 10 million or more in the bank.

 

Share this post


Link to post
Share on other sites

Interesting topic.

Would be nice to hear if anybody has real experience about combining 2-3 condo units which are in total above the 10M mark.

It is a really good option / alternative for Elite, because the money is not lost.

Share this post


Link to post
Share on other sites

One year extension ; give 10 million to the Thais as an 'investment', sounds like a very  lousy deal to me. 

Share this post


Link to post
Share on other sites
10 minutes ago, Pilotman said:

One year extension ; give 10 million to the Thais as an 'investment', sounds like a very  lousy deal to me. 

Especially as it's limited to new approved condos which rules out all good investment condos...

  • Like 2

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...