3 - 10 Mil. The government’s economic team is looking at a proposal to grant permanent residency to foreigners in Thailand who purchase a condominium unit in the kingdom without a mortgage and keep the property free of debt for over five years. There are a number of considerations to make before committing into purchasing Thailand Real Estate. The 90 day Special Tourist Visa allows tourists to be granted a visa provided they satisfy a demanding list of criteria including insurance, medical tests and other requirements including booking and payment for 14 days in the government-run Alternative State Quarantine system. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The Thailand elite residence program offers seven options, of which the following three are most popular: Elite Ultimate Privilige. Your dependents may also obtain residency, tied to your residence permit. There is also a 191,400 Baht Government fee that must be paid on receipt of the residence book. However, the vast majority of approved cases involve an applicant who has been living in Thailand for a prolonged unbroken period in business or marriage visa status with unbroken work permit status during the same period of time. The safe countries on the list right now are: On Monday, Danucha Pichayanan who is the Secretary-General of the National Economic and Social Development Council said that simplification of the process was essential to make the scheme a success. The spouse of a Thai national can apply for Thai residency and then full citizenship. Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. The centre will currently be asked to decide upon plans being developed by government departments to shorten the length of quarantine for those entering the country with the Special Tourist Visa which would allow more tourists to enter the kingdom. The annual quota for granting permanent residency in Thailand is a maximum of 100 persons per country. It should be noted that foreigners from western countries not on the safe list but with links with Thailand as visa holders or by marriage to a Thai spouse as well as work permit holders and a range of other categories, continue to enter Thailand on certificates of entry granted after a full review by the Ministry of Foreign Affairs in Bangkok through various embassies and consulates. A revised quarantine period has been suggested of 10 days. Visa is required for most foreign nationalities to travel and stay in Thailand for more than 30 days. Copyright © 2004 - 2021 Siam Legal International. Moreover, it is another step on the road to acquiring citizenship, and a Thai passport. Where the applicant has invested in government or state enterprise-issued bonds, he or she must submit a letter from a Thai bank certifying the purchase and a copy and original of the bond certificate. EEA nationals and non-EEA nationals seeking permanent residency in Serbia must provide proof of: Adequate financial resources to live in Serbia without becoming a burden for the social care system and a dequate health insurance. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Where the applicant has invested in a Limited Company or Public Limited Company, he or she must submit: a certificate of company registration from Ministry of Commerce issued within the previous three months, evidence of Value-Added Tax or Specific Business Tax registration, and copies of the financial balance sheets and corporate income tax returns for the previous three years. The number of expats who can apply is capped at 100 per nationality plus 50 stateless individuals. Thailand only allows a certain number of applicants from specific countries to obtain the status of Permanent Resident every year. Siam Legal has a team of foreign legal professionals from America, Europe and Asia who are committed to extend impeccable service to its foreign clientele. There are multiple categories under which an applicant may apply for permanent residence. This fee must only be paid if your application has been approved. In order to apply for a Thai Permanent Residence Visa you must also be able to meet one of the following: Investment category: Have a minimum 3 Million Baht invested in a limited or public company in Thailand, a Thai state-issued security corp, Thai state enterprise’s security corp, or the Thai stock market. You also have the option to opt-out of these cookies. Efforts are currently being made to extend the number of hotels participating in the alternative quarantine scheme through what is called the Alternative Local Quarantine Scheme which covers tourist hotspots outside Bangkok such as Pattaya and Phuket, areas hit hardest by the current dearth in foreign tourists. The Ministry of Public Health has published a list of safe countries as of the 15th October and currently plans to update the list on the 15th and 30th of each month starting from the 30th October. Be sure to consult our property lawyers before doing so. You’ll need to go to an … It will also make it easier for you to buy a house and/or seek a work permit. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. This is one of the proposals believed to be under consideration and due to be presented to the government’s Centre for Economic Situation Administration as officials now begin to prioritise economic recovery from the Covid-19 emergency. This means that qualified applicants can file their case at the Royal Thai Immigration Office, although it must be noted that the government sets a quota of 100 applicants per country at any given year. James Morris is a pename for an international writer based in Bangkok who works on various international news media. You can apply for a Thai residence permit if: You need the citizenship for business or employment reasons You need permanent residency for investment purposes (min. Eligibility to apply for Thai permanent residence often comes after a prolonged presence in Thailand with work authorisation. Thai Examiner uses cookies on its website to give you the most relevant experience by remembering your preferences and repeat visits. Furthermore, the Bureau of Immigration will also investigate to ensure that the investment meets the aforementioned criteria. But opting out of some of these cookies may affect your browsing experience. As far as I know there is no special category for monks to apply for permanent residency or Thai nationality. Category: Business in Thailand, Immigration. These, in turn, must get the green light and be approved by the all-powerful Centre for Covid-19 Situation Administration chaired by the Thai Prime Minister Prayut Chan ocha which is the key arbiter on all government initiatives linked with this health emergency. Last week, a real estate analyst in Bangkok, Wichai Wirat, told the local popular Thai newspaper, the Daily News that there was upwards of ฿1 trillion of unsold or vacant property in Bangkok as the country’s household debt to GDP ratio is predicted to skyrocket to as high as 90% of GDP by the end of the year from a current projection of 84%. Where the applicant has invested in financial instruments the Thai stock market approved or certified by the SEC, he or she must submit a certification of the purchase and evidence of the investment. He must have had a work permit for three years and a salary of at least 80,000 THB per month since two years. There are several options open to foreigners in Thailand who wish to apply for permanent residency status. Invest for residency in europe. But permanent residency isn’t easy to get in Thailand and applicants need to speak Thai. On Monday, Thailand’s Deputy Prime Minister with oversight of the economy said that streamlining and clarifying entry regulations for foreigners was now a critical objective of the government which must move smartly to regain some portion of the ฿3 trillion a year formerly generated by foreign tourism as the country faces into 2021 with the Covid-19 crisis looking like it may extend into the new year. Once you are convinced that Thailand is for you then the Thai Permanent Residence certificate is an option however it does come with its own conditions as set by Thai immigration. Gaining actual permanent residency, however, is a more complex and challenging process. It allows a foreigner to live permanently in Thailand, with no requirement to apply for an extension of stay. This Thailand law firm offers comprehensive legal services in Thailand to both local and foreign clients for Litigation such as civil & criminal cases, labor disputes, commercial cases, divorce, adoption, extradition, fraud, and drug cases. Failure of the investment to meet the criteria would cause the permanent residency status to be revoked. There are also income thresholds which must be overcome in or… Applications for the Thai Permanent Residency are processed by the Royal Thai Immigration Commission. These cookies will be stored in your browser only with your consent. The documentary evidence that must be presented in each case is as follows: Thereafter, by the end of September for the next three consecutive years, the foreigner who has been issued permanent residency status must submit evidence to the Bureau of Immigration that his or her investment has not been transferred. The Permanent Residence Permit allows you to stay in Thailand permanently without the need for a Visa. Thai Permanent Residency is an option after you have been staying in Thailand for a few years. It allows you to live permanently in Thailand, with no requirement to apply for an extension of stay. Residence in Thailand is possible for a few days, months, or an unlimited period within the validity of the chosen package. A key condition, inserted at the last moment, by the government when it approved the Special Tourist Visa was that only tourists from countries with low infection rates of Covid 19 could apply for the visa facility through Thai embassies and consulates worldwide despite the mandatory quarantine period on arrival. Permanent residency is mandatory if you want to apply for Thai citizenship. To that end, the Ministry of Public Health, the Ministry of Foreign Affairs, the Tourism and Sports Ministry and the Interior Ministry have begun to work together to coordinate the various regulations. Thereafter, the applicant must maintain the investment for three consecutive years after the permanent resident status is granted. Permanent residence in Thailand with the Thai Elite Visa As previously mentioned, taking chances with visa runs is not a good long-term solution if you want to stay in Thailand forever. This is an opportunity that the Thai government offers to only 100 people of each nationality every year. Elite Ultimate Privilege is a twenty year residence visa for a once off fee of approximately $60,000 plus an annual fee of approximately $600. For permanent residency there is this category in a old doucment for permanent residency. Applicants must meet the following requirements: Hold a valid passport issued by the country of their current nationality, along with a Thai non-immigrant visa permitting them to stay in the Kingdom for at least three (3) consecutive years. It comes as the economic situation is tightening and with the latest plan to open up Thailand to mass tourism from China also hitting the rocks, for now, as Thailand’s communist neighbour to the north looks to extend its ban on mass outbound tourism or holiday tours. So it is clear, at least in respect of this, that Thai officials are beginning to appreciate the reality of the current economic situation. Special Tourist Visa – first Chinese tourists flying in with plans for European visitors to follow soon, Chinese wave incoming as Tourism Minister Phiphat again changes tack to save the industry from utter ruin, China and Thailand forging deeper ties which may pose a problem for western firms in the future, Chinese STV visitors now delayed until later in the month! The first one is based on investment, which consists of two components: presenting proof of investment both before permanent residence is granted and after it is granted. Able to obtain a work permit effortlessly. © 2021 Thai Examiner. The fact is that even if the government can attain its current target for the Special Tourist Visa scheme, it will still see the kingdom losing up to 99% of what the country used to earn from mass foreign tourism, a scenario that some top businesspeople in the kingdom have already warned is economically unsustainable. PR’s can also have their name on a house registration document, and will be able to buy a condominium without making a bank transfer from abroad. Necessary cookies are absolutely essential for the website to function properly. Filing Your Application File your application with the Ministry of the Interior. The Thai government has opened the 2019 round of applications for permanent residency in the Kingdom from 1 st July 2019 until the last business day of the year in December. Thailand currently offers seven options for golden visas (Thai permanent residence by investment), with the following three being the most popular: Elite Ultimate Privilege The investor will get a 20 years residency visa in exchange for approximately $60 000 USD fee that needs to be paid once, and an annual fee of approximately $600 USD. Permanent residency can only be applied for when the foreigner: Has made a significant investment in Thailand; Is an executive officer and a signatory of a Thai business with a capital of at least 10M THB for at least one year. There are no minimum investment requirements to obtain temporary or permanent residence in Serbia. This website uses cookies to improve your experience while you navigate through the website. Applying for a Residential Permit in Thailand Those wishing to apply for permanent residency in Thailand need to contact the Thai Immigration Bureau and make an application for a residential permit, also known as a residence permit. Before the permanent resident status is granted, the applicant must have invested at least 10 million baht into the country. DPM Supattanapong Punmeechaow, who is also Thailand’s Energy Minister, said that a key goal would be to increase the average expenditure of each tourist entering under the Special Tourist Visa from under ฿50,000 seen in 2019, Thailand’s last year of normal foreign tourism, to ฿100,000 right now. One of the peculiar aspects of having Thai permanent residence is that while your permission to stay in Thailand never expires – this is only the case if you never leave the Kingdom. All rights reserved. Thailand offers a beautiful environment and quality standard of living, so you may want to consider applying for Thai Permanent Resident status, which will bring you many advantages, including living permanently in the Kingdom, without the requirement to apply for an extension of stay. At the outset of the scheme, some months ago, Thai officials had suggested that each visitor would generate over ฿830,000, a figure widely dismissed as improbable. Consult our corporate lawyers before setting up your limited company in Thailand. Acquiring permanent residency in Thailand has many advantages, mainly being Able to stay and live in Thailand with an open visa without any expiry date and serves as a step ahead in order to acquire Thai citizen and Thai passport Able to buy a condominium without having funds transfer from abroad. It is therefore preferable to obtain a legal residence permit, something that is naturally not that easy if done through official channels. Siam Legal is an international law firm with experienced lawyers, attorneys, and solicitors both in Thailand law and international law. Thailand may introduce a scheme to grant permanent residency to any foreigner who buys a condo in Thailand debt-free and maintains without borrowing for over five years. Apparently, there are five ways of getting a permanent residence in Thailand, including investment, work/business, supporting alien or being supported by an alien who has a residence permit, if you are an expert, and supporting a Thai national or being supported by a Thai citizen.Individuals how have had PR in Thailand status for almost 15 years now, but couldn’t find any cons. He commenced working with the Thai Examiner News Desk in May 2018. The investment visa is valid for only 90 days and must be used within 3 months after the receipt. By clicking “Accept”, you consent to the use of ALL the cookies. There are several options open to foreigners in Thailand who wish to apply for permanent residency status. Specifically, that amount of money must be invested in one of three targets: (1) a Limited Company or Public Limited Company (2) a bond issued by the government or a state enterprise in which the Ministry of Finance or Bank of Thailand is a guarantor or (3) shares or other instruments in the Thai stock market which has been certified by the Securities and Exchange Commission. You must have lived in Thailand continuously for at least 5 years, meaning that the non permanent residency programme is not very well suited for non-nationals looking for a Plan B option beyond their native countries. This program includes exclusive VIP express airport services and lounge access, unlimited short haul airport transfers for international … Temporary residence permit is normally granted for one or two years, subject to renewal either annually or every two years. Solemnized with or without a Betrothal Ceremony in ritual manner and also through court. Before the permanent resident status is granted, the applicant must have invested at least 10 million baht into the country. European But Not EU Member States’ Residency by Investment Programs Now, it is being reported that the various Thai ministries associated with the Special Tourist Visa are working together to clarify the entry criteria and make the process of obtaining visas easier. The Thailand Permanent Residence Permit processing fee is 7,600 Thai Baht. A residence by investment program is another way of obtaining temporary and permanent residence when you are required to invest in a country of your future residence. Permanent Residency for Investment purposes – Applicant should have a minimum of 3 million Baht invested in a limited or public company in Thailand, and have a Thai state-issued security corporation, Thai state enterprise’s security corporation or the Thai Stock Market; A Thai Citizenship by Investment Programme? Thailand’s government is also reported to be responding to stinging criticism from tourism industry leaders over the confusion that has been seen in recent weeks between various government ministries in the administration of the only tourist visa option currently available to tourists considering Thailand as a destination. Thailand is now taking applications for permanent residency from now until December 30, 2020. Two Pacific Place Building, 18th Floor, Unit 1806, 142 Sukhumvit Road, Klongtoey, Bangkok 10110 Thailand, freehold, nor sor 3 gor, nor sor 3, possessory right, foreigners in Thailand who wish to apply for permanent residency status, Limited Company or Public Limited Company. You can also have your name on a house registration document, and you will be able to buy a condominium without making a bank transfer from abroad. After 5 years of consecutive legal residency, you may apply for a permanent residence permit. Requirements for obtaining a Thai residence permit via investment: Taking part in the Elite Ultimate Privilege programme and obtaining an investment visa for up to 20 years (participation costs — $60,000). It comes as the government begins to shift its focus to the economic emergency now facing the kingdom after measures to defend itself against the Covid-19 virus have left the Thai economy decimated and threaten a … You will keep your residency permit as long as you maintain the investment and live 183 days per year in Taiwan. As well as clarifying the list of safe countries to be updated regularly for the purposes of the Special Tourist Visa, officials have turned their attention to approval of new hotels in the Alternative Local Quarantine Scheme in areas outside Bangkok, the latter having being held up until recently by the Covid 19 governing committee. The visa can be extended for up to 9 months by the holder and is aimed at long-stay tourists to Thailand. There are several residency by investment programmes in Europe that grant residency, often through real estate investment but without the requirement to reside. An extension of stay and Permanent Residence status may also be applied for the non-Thai family members. It comes as the government begins to shift its focus to the economic emergency now facing the kingdom after measures to defend itself against the Covid-19 virus have left the Thai economy decimated and threaten a further deterioration going into 2021. We also use third-party cookies that help us analyze and understand how you use this website. The Investment Visa offers the right to live in Thailand to anyone bringing 10 million baht into the country and putting it into the property, government bonds or an account in a Thai bank. Legal updates, insights, and opinions on laws and law suits in Thailand written by our lawyers. But if you are granted permanent residency, you will have to pay around 191,400 if not married to a Thai, if you apply under share or preferred investment, expert, employment, or not married to a Thai person or 95,700 if married to a Thai to get the certificate of permanent residency. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. Last week, a real estate analyst in Bangkok, Wichai Wirat, told the local popular Thai newspaper, the, The Thai government and the Director of the National, Initially, the staff at the Yaowarat Bangkok gold shop, On Tuesday, the cabinet was presented with a ฿210, On Saturday, the Norwegian Medicine Agency confirmed, New economic strategy appears to be more ‘green’, Bail for the Ko Samui police officer accused of rape, The CoronaVac vaccine will be rolled out in Thailand, Industry leaders now convinced that it will be 2022, A senior police doctor in Bangkok has explained that, The deaths are being linked to a drug cocktail popular, The Chinese vaccine has been confirmed by trials in, Latest gambling bust on a casino located at a high-end, The Chairman of the Thai arm of the joint venture, Exporters warn the government that logistics needed, 41-year-old Apichai Ongwisit, an heir to a property, Sources are pointing out that no decision has yet been, Danucha Pichayanan, the Secretary-General of the, Foreign condo buyers to get permanent residency under debt-free scheme being mooted by officials, Get all our latest stories, follow Thai Examiner on, Thanathorn facing serious Lèse-majesté charges after Facebook broadcast on vaccination strategy, Police have arrested the colourfully dressed gold shop robber who rode off with ฿1.9 million jewelry haul, Bank of Thailand official says reopening to foreign tourism vital to kingdom’s 2021 economic hopes, PM puts brakes on the vaccination rollout with warning that caution is the kingdom’s watchword, BCG economic and social blueprint over the next 5 years unveiled, promises more money for less, Royal Thai Police Sergeant Major arrested on Ko Samui, charged with the rape of female detainee, Top virologist Dr Yong defends the use of the Sinovac vaccine to protect frontline medical staff at high risk, Angry and disillusioned tourism operators in Pattaya call on the governor to close down hotels, National police chief 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Covid-19 virus, Bitkub, Thailand’s online cryptocurrency success story faces scrutiny after SEC action this week, 33 year old dealer behind killer drug cocktail, who shot his girlfriend, arrested and charged by police, Mass tourism to return again in 2021 with 10 million visitors targeted and full insurance cover with arrival levy, Minister rules out easy pass for vaccinated tourists but says vaccine passports are being considered, Commerce Ministry enthusiastic about Brexit for Thai firms with lower tariffs on more Thai products, Baht to strengthen further into 2021 with weak policies in western countries driving money here, Battle against the Covid-19 virus is going well with upbeat Public Health Ministry assessment last Friday, UK travellers welcome as top Thai officials reject calls to restrict entry over ‘Kent’ virus strain in Britain, Thailand faces its darkest hour against Covid-19 virus as vaccinations due to begin in March, D-Day for Trump supporters in DC with many here in Thailand who question the US election result, King tells people to rely on their own culture to bring about strength and security for the New Year in Thailand, Strict entry criteria to remain as officials await clarity on the medical status of vaccinated people, Ministers hoping the kingdom can come through 2nd virus wave with minimal economic damage, Thailand raises the white flag on foreign tourism for now as the world fights against the Covid-19 virus, Thailand to launch a moon space programme to boost efforts to become a high-income economy, Thailand urged to get on the ball as the full Brexit gets the green light with Christmas Eve trade pact, Covid lockdown would set back economic recovery efforts and long term goals warns the World Bank, Prime Minister warns employers and bent officials over illegal migrant workers but calls for calm for now, Illegal Chinese fraudsters use fake banking app to steal millions of baht from gulled online SCB users, Top officials urge speedy end to Ko Pha Ngan expat’s appeal to stay in Thailand after dive video outrage, Plan to allow high tech and skilled foreigners to live and work in Thailand for up to four years. 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