Thailand only allows a certain number of applicants from specific countries to obtain the status of Permanent Resident every year. The annual quota for granting permanent residency in Thailand is a maximum of 100 persons per country. Copyright © 2004 - 2021 Siam Legal International. Temporary residence permit is normally granted for one or two years, subject to renewal either annually or every two years. 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. 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. There are also income thresholds which must be overcome in or… 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. There are several residency by investment programmes in Europe that grant residency, often through real estate investment but without the requirement to reside. 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. Able to obtain a work permit effortlessly. 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. It will also make it easier for you to buy a house and/or seek a work permit. 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. Taking part in the Elite Easy Access programme and obtaining an investment visa for 5 years (participation costs — $15,000). Thereafter, the applicant must maintain the investment for three consecutive years after the permanent resident status is granted. Failure of the investment to meet the criteria would cause the permanent residency status to be revoked. There are multiple categories under which an applicant may apply for permanent residence. 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. 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. 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. These cookies do not store any personal information. Before the permanent resident status is granted, the applicant must have invested at least 10 million baht into the country. You will keep your residency permit as long as you maintain the investment and live 183 days per year in Taiwan. 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. There is also a 191,400 Baht Government fee that must be paid on receipt of the residence book. The visa can be extended for up to 9 months by the holder and is aimed at long-stay tourists to Thailand. The number of expats who can apply is capped at 100 per nationality plus 50 stateless individuals. 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. You also have the option to opt-out of these cookies. 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. An extension of stay and Permanent Residence status may also be applied for the non-Thai family members. 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. This category only includes cookies that ensures basic functionalities and security features of the website. He is a sub editor with the Thai Examiner news website since it began in 2015. 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. Thailand is now taking applications for permanent residency from now until December 30, 2020. Thai Examiner uses cookies on its website to give you the most relevant experience by remembering your preferences and repeat visits. 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. Eligibility to apply for Thai permanent residence often comes after a prolonged presence in Thailand with work authorisation. 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. Visa is required for most foreign nationalities to travel and stay in Thailand for more than 30 days. To travel, you must apply for what is known as a 1 year ‘non-quota Immigrant’ re-entry visa. So it is clear, at least in respect of this, that Thai officials are beginning to appreciate the reality of the current economic situation. 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. 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. 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. 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. A revised quarantine period has been suggested of 10 days. 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. Before the permanent resident status is granted, the applicant must have invested at least 10 million baht into the country. 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. 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. The plan is to encourage more visitors under the sole tourist scheme currently on offer. Legal updates, insights, and opinions on laws and law suits in Thailand written by our lawyers. The Thailand Permanent Residence Permit processing fee is 7,600 Thai Baht. This website uses cookies to improve your experience while you navigate through the website. 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. Residence in Thailand is possible for a few days, months, or an unlimited period within the validity of the chosen package. Thai Permanent Residency is an option after you have been staying in Thailand for a few years. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. He must have had a work permit for three years and a salary of at least 80,000 THB per month since two years. Applications for the Thai Permanent Residency are processed by the Royal Thai Immigration Commission. 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. 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. James Morris is a pename for an international writer based in Bangkok who works on various international news media. 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. There are a number of considerations to make before committing into purchasing Thailand Real Estate. It allows a foreigner to live permanently in Thailand, with no requirement to apply for an extension of stay. 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. It allows you to live permanently in Thailand, with no requirement to apply for an extension of stay. 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; This fee must only be paid if your application has been approved. 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. 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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. Moreover, it is another step on the road to acquiring citizenship, and a Thai passport. 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. We also use third-party cookies that help us analyze and understand how you use this website. There are several options open to foreigners in Thailand who wish to apply for permanent residency status. For permanent residency there is this category in a old doucment for permanent residency. 3 - 10 Mil. 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%. It is therefore preferable to obtain a legal residence permit, something that is naturally not that easy if done through official channels. Furthermore, the Bureau of Immigration will also investigate to ensure that the investment meets the aforementioned criteria. Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. Siam Legal is an international law firm with experienced lawyers, attorneys, and solicitors both in Thailand law and international law. A Thai Citizenship by Investment Programme? The Permanent Residence Permit allows you to stay in Thailand permanently without the need for a Visa. But permanent residency isn’t easy to get in Thailand and applicants need to speak Thai. 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. 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. Residence options range from THB 600,000 (approximately USD 19,000) for the five-year Elite Easy Access option to THB 2.14 million (approximately USD 68,000) for the 20-year Elite Ultimate Privilege option. 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. 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. But opting out of some of these cookies may affect your browsing experience. All rights reserved. Permanent residency is mandatory if you want to apply for Thai citizenship. European But Not EU Member States’ Residency by Investment Programs After 5 years of consecutive legal residency, you may apply for a permanent residence permit. 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. As far as I know there is no special category for monks to apply for permanent residency or Thai nationality. The Thailand elite residence program offers seven options, of which the following three are most popular: Elite Ultimate Privilige. 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. Consult our corporate lawyers before setting up your limited company in Thailand. This is an opportunity that the Thai government offers to only 100 people of each nationality every year. © 2021 Thai Examiner. 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. 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. There are several options open to foreigners in Thailand who wish to apply for permanent residency status. 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. 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. Flexibility should the need ever reside Thailand and applicants need to go to …! 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