Residency by Investment - Thailand
|COUNTRY NAME||COUNTRY CODE||CONTINENT||POLITICAL ENTITY|
|REAL ESTATE||CURRENCY||TYPE OF PROGRAM||INVESTMENT OPTION / AMOUNT|
Residency by Investment
Thailand is a Southeast Asian country that is popular for its tourism spots, low prices, great beaches, and friendly business environment. Thailand is also highly cultural, and it is one of the fastest growing economies all over Asia. Its real estate is affordable as well as its standard of living which adds up to its charms. It is also highly attractive because of its tourism and due to its business environment.
Residency by Investment Program
The Thailand Elite Investor Visa Program was launched in 2003. The goal of the program is to enable foreign investors to have access to Thailand with more efficiency and without much need for frequent visa renewals. What makes the program stand up compared to the rest is that there are several options for long stay rights in the country and they all come with concierge type benefits. Depending on the investment option, foreigners are given the chance to stay within the country for up to 20 years.
The Thai Elite Investor Visa Program offers three membership methods with a couple of variations for each.
Thailand Elite Easy Access
It’s a popular business visa type option intended for foreign professionals who are in Thailand for business. Membership for this visa is valid for five years and it is non-transferable. Membership to this program does not have age requirement. Some of the benefits are concierge and shuttle services. There are also partner discounts available as well as dedicated support call centers.
Thailand Elite Family Excursion
This program is intended for Thai families made up of 2 or more people. Membership fee is THB 800,000 with VAT included for the primary member and THB 700,000 for the secondary member. This long stay visa is valid for 5 years. Its benefits include airport and concierge services, premium airport lounge access, partner discounts and access to a reliable customer service support.
Thailand Elite Privilege Access
This program has the same benefits as the Thailand Elite Family Excursion, but its validity extends up to 10 years instead of 5.
Thailand Elite Superiority Extension
This package costs THB 1 million for every member. Its validity extends up to 20 years. It has to be renewed every 5 years though.
The Thai government also launched the property investment residency program to be able to attract professional talent and investment. It is required of the applicant to have a property investment in Thailand that is worth THB 1 million. Most of the time it is a newly developed off-plan property that is required instead of a completed and existing one. This investment will allow the applicant to apply for a longer stay investor visa. There are also long stay retirement visas for self-sufficient foreigners above the age of 50. It is however more complicated to obtain an actual permanent residency. It is necessary for the applicant to reside in Thailand continuously for 5 years.
There are several advantages to the investment program. There is no minimum stay requirement. Thailand is also low cost even if it has a high standard of living.