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Extension of stay based on 10 million baht investment with ED-visa and FCD fixed deposit


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Hello,
I had read the information on the Thai Immigration website (www.immigration.go.th/content/service_5) regarding the one-year extension of stay based on an investment of 10 million baht and have a few questions.


1) Has anyone with an ED visa got a one-year extension of stay based on an investment of 10 million baht? Is it possible with a Non-Immigration ED class visa to cancel an extension based on education and get an extension based on investment? Technically it would be Non-Immigration visa ED type with an extension of stay based on the investment.
2) Does Foreign currency fixed deposits are qualify? Or Thai baht only?

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In theory, and by law, when your extension on ANY type of Non-Immigrant stay ends, you can apply for another non-immigrant type stay without leaving/returning on a new visa entry OR doing any sort of "change of visa" / "conversion" process (the latter required if on a tourist-entry).  All that should matter, is that you qualify for the new type of permitted-stay. 

 

That said, some offices will adamantly refuse to do this from certain types to some other types, and will inisist you must go out to a consulate and return on a different type.  As this "discretion" (i.e. "use our agent-partner to avoid the trip") has nothing to do with actual written-rules, the only way to find out is to try.

 

I believe the critical factor in qualifying is that you must have you investment in a Thai-owned bank.  There is more discussion here on this extension-type, and on that tangent:

 

 

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