How to Immigrate to Thailand. Let’s Talk about Visa Option?
One thing that investors need to know is the process of staying here in Thailand for the desired duration of time. Regardless of your intention and purpose, there are actually available visas that provide options for foreigners who wish to stay longer here.
Here are some of the visa options:
Thailand Investment Visa
Should you wish to purchase a property and stay up to three months, this is the option for you. This option is perfect for those who would want to invest a minimum cash amount of 10M THB in Thailand combined with any of the three options below:
Purchase a freehold or leasehold condo with the minimum value of 10THB in cash (approximately 315,000 USD) with an intention of keeping the property for a minimum of 3 years or more.
A deposit payment into a Thai government backed or Thai state enterprise bonds.
A deposit payment into a Thai Bank account in the form of fixed-term deposit.
What’s more attractive about this option is it does not have any age limit and could even be renewable after a year. However, make sure that you first comply with all the legal requirements such as doing due diligence before you officially avail of this service.
Thailand Elite Visa
Another option is the Thailand Elite Visa, a government-supported initiative aimed at helping individuals whose goal is to stay in Thailand for 1 to 20 years. To avail of this type of visa, please take note of these packages:
First entry level package. Payment of at least 500K THB (just under USD 16000) where foreigners are allowed entry and a five-year period residence anywhere in Thailand.
Second level package. Payment of around 800K THB with up to 10 years of residence
Third level package. Payment of around 1000000M THB which is the 20-year residence
These options may have added features for family members and choosing higher packages could even have additional perks including spa treatments, activities and other added benefits.This visa requires upfront payment for anyone whose age is from 20 and above.
Retirement Visa
For most foreign nationals whose choice is to have Thailand their home as they retire, the obvious and most common choice is the retirement visa. One of this visa’s most-loved and known features is how it could be extendable on an annual basis. To avail of this, here are some requirements:
Only eligible are individuals whose age is 50 and above, and who have successfully passed specific criminal, health, and background checks.
Visa applicants must also provide proof of sufficient funds to support themselves while in the country. Documents such as either a regular monthly income of over 65,000 THB or a lump-sum savings of 800K TBH amount shall be required.
You will also have to certify your financial statements through your country’s embassy.
Regardless of which visa you are eligible for or you find fit, it is vital to know more about the legalities and benefits of these three options. Do not hesitate to check our website https://ibgproperty.comor reach us at info@ibgproperty.com to be in the know.
All the best!
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