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    Thailand Residence By Investment Program

    Country Information:

    Thailand is a popular Southeast Asian tourist destination. The country has a low cost of living and a high standard of living. Thailand’s environment and low cost of living appeal to expats, making it a popular place to start a new life, particularly for retirees.

    Live in Thailand

    Thailand has long been regarded as one of Asia’s best expat destinations, with expats flocking to the tropical paradise known as the Land of Smiles.

     

    Thailand is a stunningly beautiful and diversified country with a tantalizingly unique blend of traditional and ultra-modern elements. with a population of 68 million friendly people

     

    Ancient ruins, scuba diving locations, gorgeous beaches, vibrant nightlife, Buddhist temples, and many UNESCO World Heritage Sites are among the country’s many attractions. Bangkok, often known as the’ City of Angels, ‘is the country’s capital and provides a vibrant urban lifestyle on a global scale. Expats can relish the finest of what the modern world has to offer while living in affordable luxury, or they can enjoy the pleasures of rural life in the provinces if that is their preference. Here, you have a lot of possibilities.

     

    Apart from its agricultural riches, the country’s industrial production facilities in automobiles, electronics, health care, and jewelry are world leaders. The transition from a low-income to a high-income country in less than a generation has been extensively highlighted as a development success story.

    RESIDENCE

    Residence program in Thailand

    The exclusive residence program in Thailand allows foreign nationals to stay in the country for up to 20 years. The Thailand Elite Residence Program is the world’s first of its type, providing limitless access to Southeast Asia’s gems as well as a variety of complimentary VIP benefits.

     

    Bangkok, often known as the ‘City of Angels,’ is located in the center of the country and offers a vibrant urban lifestyle on a worldwide scale. Thailand is however known as the “Land of Apart from its agricultural riches, the country’s industrial production facilities in automobiles, electronics, health care, and jewellery are world leaders.

     

    The Thailand Privilege Card Company Limited (TPC)—a wholly-owned subsidiary of the Tourism Authority of Thailand, under the Ministry of Tourism and Sport—issues the resident permit (privilege entry visa). The Royal Thai Immigration Commission handles all applications for Thai Permanent Residency. A maximum of 100 people per nation are granted permanent residency in Thailand each year.

    The Thailand Elite Residence Program's main benefits are as follows:

    • The Thailand Elite Residence Program allows investors and their families to live in the nation for up to 20 years while also receiving a variety of perks and services.
    • Many complimentary VIP amenities are included in the program, including government concierge services, airport shuttles, and lounge access. Visa holders will also be eligible for discounts and benefits throughout Thailand.
    • Within the validity of the chosen package, it is possible to stay in Thailand for a few days, months, or an indefinite period. There is no required length of stay.
    • If investors stay in Thailand for less than 183 days per year, they are tax exempt on their foreign-sourced income because they are not tax residents.

    Thailand's elite residence program

    The Thailand elite residence program allows applicants to dwell in the nation for up to 20 years while also receiving privileged services and VIP advantages. Foreigners must join Thailand elite, an exclusive program offered by Thailand privileged card company limited, to get the Thailand elite resident visa. (TPC)

     

    The Thailand Elite Residence Program has seven different alternatives, each with different durations, benefits, and expenses. The three most prevalent alternatives are as follows:

    Elite Easy Access.

    • The one-time charge is $19,000 and includes a five-year privilege entry visa.
    • There is no annual charge, and there is no age limit.
    • The resident visa cannot be transferred, but it can be upgraded for $50,000 to Elite Ultimate Privilege.

    Elite Superiority Extension

    • Individuals who pay a one-time cost of $32,000 will receive a 20-year privilege entry visa.
    • There is no annual charge, and there is no age limit.
    • Government concierge services and airport services are included in the package.

    Elite Family Excursion

    • It is for a minimum of two people, with each member receiving a five-year resident visa. Both applicants are covered by the $25,000 one-time charge.
    • Each dependent will incur an additional $10,000 fee. Dependents include legitimate parents, stepparents, spouses (even though they are in a civil union), children, and stepchildren of the applicant.
    • There is no annual charge, and there is no age limit. VIP services are included in the package.

    Procedures and timeframe

    The Thailand elite residence program allows applicants to dwell in the nation for up to 20 years while also receiving privileged services and VIP advantages. Foreigners must join Thailand elite, an exclusive program offered by Thailand privileged card company limited, to get the Thailand elite resident visa. (TPC)

     

    TPC’s application process is quick and easy. Approved applicants and dependents must notify TPC seven days before their arrival at the airport under regular travel conditions or at the Bangkok Immigration Bureau to get the visa affixed.

    Thai dual citizenship

    Although it is not categorized as a non-immigrant visa, the TPC residence permit (privilege entrance visa) does not lead to permanent residency or citizenship.

     

    The Thailand elite resident visa does not provide applicants with permanent residency or citizenship. A Thai non-immigrant visa must have been held for at least three years prior to the application being submitted. After ten years of continuous residency in Thailand, it is possible to apply for citizenship.

    REAL ESTATE

    Elite Flexible One Program

    Thailand’s Elite Residency Program is now the fourth most popular investment migration program in the world. Due to the global pandemic, many international Thailand residents were unable to re-enter the country to renew their expiring visas, so the Thailand Elite Residence Program became a viable option.

    Thailand's Elite Flexible One Program Advantage

    • Low-cost but high-quality living.
    • For members who acquire properties worth Bt10 million from participating developers, the Thailand Elite Flexible One Program grants a 5-year multiple-entry visa.
    • Prospective Thailand Elite card applicants will reap the benefits of owning property in Thailand, with the Elite Easy Access 5-year resident membership program already valued at 600,000 THB.

    Thailand's Elite Flexible One Program requirements

    • Minimum age of 20 years is necessary for applicants.
    • Be a citizen of another country.
    • Thailand Elite will run a background check on you.
    • Invest at least THB 10 million in Thai real estate (consisting of one or multiple properties, which must be ready to move into).
    • Present proof of real estate ownership for each of the five years of residence, and do, not mortgage, sell or transfer the property during that time.
    • Please provide evidence of the bank transfer.
    • They should show the title deed to the property they bought in their name.

    Investors may upgrade to one of three alternatives within the first two years of the program:

    1. THB 1.605 million for Elite Ultimate Privilege (a 20-year residency) (approximately USD 50,000)

    2. Elite Superiority Extension (ten-year residency): THB 500,000 (approximately USD 16,000)

    3. THB 500,000 for Elite Privilege Access (ten-year residency) (approximately USD 16,000)

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