JOIN OUR FRIENDLY COMMUNITY
Learn from the experiences of other expats and make new friends in our disccussion forums and Facebook groups

READ OUR GUIDE TO MOVING ABROAD
The Expat Focus Guide to Moving Abroad contains everything you need to know when planning an international relocation available now, completely free

COMPARE QUOTES AND SAVE MONEY
Insurance, FX and international movers

LISTEN TO THE EXPAT FOCUS PODCAST
The Expat Focus podcast features interviews with expats living abroad and service providers meeting their needs subscribe today!

EXPERT FINANCIAL ADVICE & SERVICES
From our tax, investment and FX partners

Investment Visa's...?

Discussion forum for expats moving to or living in Thailand.

Reply to topicReply to topic
Forum FAQSearchView unanswered posts
 
  
Investment Visa's...?

Post Posted: Sun Apr 02, 2006 2:38 pm

From the "Thailand - An Expatriate Guide" section of this forum:

Investment Visas

Recently Thailand has been promoting what is known as the "Elite Club" membership. To become an Elite Club member you need to invest Baht 1 million ($27,000) in Thailand. Once you have done this, you are normally provided a yearly visa without too many problems, provided the investment remains in Thailand.



Does anybody here have practical experience with this type of Visa?

In particular, we've formed a Thai company in order to purchase our property in Thailand, and our total investment is over the 1 million Baht buy-in for this supposed "Elite Club". Since that's hard currency tied up in real estate (i.e. the cash is definitely remaining in Thailand), I was wondering if such an investment would qualify us for an Investment Visa.

TIA!!!

-- glitch.@#$%!

_

 

glitch
Newbie
Newbie
 
 
  
Re: Investment Visa's...?

Post Posted: Wed Apr 05, 2006 5:46 am

Glitch, you're misunderstanding the Elite card. You have to PAY 1 million baht membership for the card (about $25,000 US) and then dues per year. This entitles you to a bunch of 'privileges' including 5 years of not having to leave the country every month if you don't have a work permit in Thailand.

The Elite card program has been a complete flop. They've had very few people interested in it because the 'privileges' are not that good for the money you have to put up. The Thai government keeps talking about scrapping it, and very well may now that Thaksin is no longer going to be Prime Minister (it was his idea!)

 

raphaela28
Newbie
Newbie
 
 
  
Re: Investment Visa's...?

Post Posted: Wed Apr 05, 2006 5:47 am

For more info, go to www.Thailandelite.com (whoever wrote the Expat guide is actually incorrect on quite a few areas related to Thailand, so I'd take what I read there with a grain of salt if I was you Smile

 

raphaela28
Newbie
Newbie
 
 
  
Re: Investment Visa's...?

Post Posted: Mon Apr 10, 2006 12:31 pm

whoever wrote the Expat guide is actually incorrect on quite a few areas related to Thailand, so I'd take what I read there with a grain of salt if I was you



If you'd care to elaborate I'm more than happy to update anything which needs revising. Feel free to PM or email me, thanks.

Kind regards,

Jamie


_________________

Expat Focus
Web: www.expatfocus.com
Twitter: twitter.com/ExpatFocus
Facebook: www.facebook.com/expatfocus

 

Jamie
Expat Focus Administrator
 
 
  
Re: Investment Visa's...?

Post Posted: Wed Apr 12, 2006 2:14 pm

Hi all:
My Visa & Work Permit consultant inform me that if you invest at the minimum 2 millions to set up company, fully paid up. You can use this Thai company to prepare a letter requesting expat to work in thailand as a specialist or sort of. You apply Visa Non B class at the embassy in your home country. When u have this Non B visa for arriving, it is only for 90 days. Then, you have to apply for the work permit & one year visa after you arrive in Thailand in order to work legally here. With 2 millions, you can apply for one person. But this person can have their trailling spouse as well. With work permit, you have the right to import your Household goods, used furniture under duty free priveledge. One Air freight and One Sea freight. In the condition that you need to ship them from your original country. And the shipment must arrive within 6 months after you receive Non B Visa stamp in Thailand.

Hope this may help you understand more.
Take care.
Khunsee

 

khunsee
Regular Poster
Regular Poster
 
 
  
Re: Investment Visa's...?

Post Posted: Fri Apr 21, 2006 7:11 pm

Thanks for the helpful advice, everybody!!!

In regard to the Thai Elite Card, I think I've got a much clearer understanding of that now. It's one of the options I'm keeping open, but there are one or two things it doesn't cover (work permit, and importing household goods), so I think I'm going to have to keep that in reserve in case of emergency

I've also been in contact with one of the excellent Visa specialists at Sunbelt Asia. It looks more like the Business Visa (which I believe is the one Khunsee referred to as a "B Class", and pretty much nailed the details right on) is probably the way to go in order to finally get us settled permanently in Thailand. And while I don't need work immediately, it's nice to have the work permit in my back pocket in case something goes sideways.

The biggest deciding factor is that -- between my wife's art/photography studio and my own recording studio -- we've probably got about a container of household goods to get over to our new home. And this is not to mention our cats (who are "family" as well, but not something you'd typically see brought in by somebody on a 30-day Tourist Visa). Our stuff and our furry family members can get in under the "B" with no problems.

Thanks again for all the help!!!!

-- glitch.@#$%!

_

 

glitch
Newbie
Newbie
 
 
  
Re: Investment Visa's...?

Post Posted: Mon May 15, 2006 12:04 pm

Razz Hi..it's me again. if you are looking for some info for importing your ferry family member. I may help u a bit. Pet shipment should be easier to come as "Accompany" or "Excess Baggage": less expensive, less paperwork and less transit time. Document required: Government Health Certificate, Vaccination card. If you have further questions for pet shipment or your incoming HHGs. You may contact : preeya.c @ asiantigers-thailand.com. Inbound Manager. She is my colleague. Very nice lady.
Take care Wink
Khunsee

 

khunsee
Regular Poster
Regular Poster
 
 
Page 1 of 1









Copyright © 2019 Expat Focus. All Rights Reserved. Use of this website signifies your agreement to the Terms of Use/Privacy Policy. Comments are property of their posters.
Interactive software released under GNU GPL, Code Credits, Privacy Policy