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Lacrimas

Permanent Residency By Investment

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Hello guys,

 

I would like to get permanent residency here but I don't want to work anymore for a company in Thailand after 8 years doing it. 

 

As I have the cash (more than 10 million) can I get the Thai PR via investment without being employed in a local company? What's the procedure?

 

Thanks

Edited by Lacrimas
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Yes, you can. The demanded amount for getting PR by investment is 10 million baht. After that the investment must have been a minimum of 3 years in the country to be able to be granted a permanent receidency based on investment.

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Brave man this OP, or he doesn't know Thailand, or he has over 10 million Baht to waste.  

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This used to exist after 97 but I think it was 40 mil then.. I know someone who did it back then. 

I thought the 10 mil was just a non imm O investor visa, not PR. Can anyone elaborate. 

If I bring the 10 mil in, what do I have to do with it, can I used it, buy bonds or investment products, etc etc.. Would really like to know the fine detail on this. 

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Just now, thedemon said:

You can apply under the investment category but you still need to have been working and paying sufficient tax for 3 full tax years, with the same conditions as applying under the employment category. Therefore it is a pointless category.

but 

That is why you won't find many (any?) reports of successful applications under investment despite various law firm websites claiming that it is possible.

I think the investment category is different. That's why I'm investigating it. You probably don't need a WP but instead a BIO approved investment. 

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10 minutes ago, Lacrimas said:

I think the investment category is different. That's why I'm investigating it. You probably don't need a WP but instead a BIO approved investment. 

Wishful thinking I am afraid. It has nothing to do with the BOI and indeed you do need to hold a work permit.

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35 minutes ago, thedemon said:

You can apply under the investment category but you still need to have been working and paying sufficient tax for 3 full tax years, with the same conditions as applying under the employment category. Therefore it is a pointless category.

 

That is why you won't find many (any?) reports of successful applications under investment despite various law firm websites claiming that it is possible.

There used to be a way where you simply brought in money, and got PR for it..

 

Agreed if it has the same employment requirements its sort of useless useless from a PR point of view. 

 

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BTW the same guy who had PR claimed he owned his land which his villa was one.. 

 

He wasnt the most clued up, and often didnt get his terms correct, so I never actually verified that myself. 

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