Connect with us

Law

Annual quota for foreign permanent residency unveiled

Many foreigners who have lived in Thailand for some time may want to enjoy the benefits of obtaining a permanent residence permit. Below is a brief description of the benefits associated with holding a permit and the applicable requirements and procedure to obtaining one.

Published

on

hsbc expat survey 2012

Many foreigners who have lived in Thailand for some time may want to enjoy the benefits of obtaining a permanent residence permit. Below is a brief description of the benefits associated with holding a permit and the applicable requirements and procedure to obtaining one.

The cabinet has approved the Immigration Commission’s annual quota for granting permanent residency to foreign nationalsto allow in 2013 a maximum of 100 persons per country and 50 stateless persons to be given permanent residency, the same number as last year.

Foreigners wanting to stay in Thailand permanently can submit applications in December at immigration offices in Bangkok and other provinces.

A total of 241 foreigners from 32 countries applied for the permanent resident status last year and authorities are processing their applications.

hsbc expat survey 2012

Thailand remains a top destination in HSBC latest expat survey

 

Benefits of obtaining a permanent residence permit

The foreign individuals who obtain the permit enjoy the following benefts.

1. Permission to Permanently Reside in Thailand

Foreign permit holders are allowed to live permanently in Thailand without obtaining a further visa, work permit, etc., authorizing that person to do so.

Note, however, that foreigners working in Thailand are still required to maintain a work permit (as their permission to work in Thailand as opposed to reside) but are not required to renew their visa each year as normally would be the case without the permit.

2. Permission to Obtain Local Financing

Normally, when foreigners in Thailand purchase a condominium unit, they are not legally allowed to fnance that purchase locally (i.e. 100% of the purchase price must be remitted from abroad).

Permit holders are, however, exempt from this requirement. Like Thai citizens, permanent residents are allowed to seek out local fnancing for the purchase of condominiums through banks, fnance companies, etc. in Thailand.

3. Apply for Citizenship

Obtaining a permit is a prerequisite for foreigners who wish to apply for Thai citizenship. Foreigners may apply for Thai citizenship after holding a permit for five consecutive years.

4. Family Members’ Residence Permit

Once the foreigner obtains the permit, his spouse, children, and parents become qualifed to apply for their own permit (see Humanity Category below).

5. Children Born in Thailand Acquire Thai Nationality

When either of the parents of a child born in Thailand is a permanent resident that child automatically obtains Thai nationality at the time of birth.

Requirements for obtaining a permanent residence Permit

The following are the requirements of obtaining a permit. Note that these rules are subject to frequent change and that a current list of the requirements may be found at: www.immigration.go.th.

1. Qualifcations

The foreigner must have held a non-immigrant visa and have resided in Thailand for at least three consecutive years on the same non-immigrant visa at the time of application.

The foreigner must qualify under one of the following five categories. Note that each of the five categories has different requirements regarding required documentation to be submitted and applicable application fees.

i. Investment Category – the foreigner must bring in at least 10 million baht into Thailand to invest in a limited or public company, state-issued security, state enterprise’s security or the stock market; or

ii. Employment Category – for at least one year, the foreigner must be an executive offcer and a signatory of a business registered in Thailand with a capital of at least 10 million baht. The applicant must earn at least 50,000 baht per month for two consecutive years prior to submitting the application. Also, his work must be in an area of interest to the Thailand economy.

Alternatively (still under the Employment Category), the foreigner must earn at least 80,000 baht per month for two years or flea tax return for an annual income of 100,000 baht or more for two consecutive years. He, also, must have held work a permit for at least three consecutive years and worked in the current company for at least one year; or

iii. Humanity Category – the foreigner must be the spouse, parent or child of a permanent resident or a Thai citizen; or

vi. Expert Category – the foreigner holds a Bachelor or a higher degree, and his current position requires him to work at least three consecutive years in Thailand; or

v. Other circumstances (outside of the above) are considered on a case-by-case basis.

2. Application Procedure

The Ministry of Interior announces its annual quota for issuing permits per nationality (stating how many applications will be accepted per nationality) in the Government Gazette each year. The applicant may thereafter submit his application until the last working day of that year together with all required supporting documents. The applicant will also be required to be interviewed by an immigration offcer. Note that this interview includes an oral Thai proficiency test.

After submission, the consideration period for the application is normally six months to a year with the result to be communicated to the foreigner at the end of such period.

3. Fees

Upon submitting the application, the foreigner is required to pay a non-refundable application fee of 7,600 baht. If the application is approved, the applicant must pay an additional fee of 191,400 baht unless the applicant is the child (under 20 years of age) or spouse of a foreign permanent resident or a Thai citizen in which case the fee payable is 95,700 baht.

Click to comment

Leave a Reply

Investment

Thailand Issues New Incentives to Attract Wealthy global citizens and Retirees

Thailand’s cabinet passed a resolution on September 14, 2021, introducing immigration, tax, and land ownership incentives aimed at foreign investors and skilled professionals. The incentives are part of an effort to stimulate Thailand’s economy which has been badly impacted by the COVID-19 pandemic.

Published

on

Thailand Issues New Incentives to Attract Foreign Investors, Professionals, and Retirees

Foreign investors, professionals, and retirees will be able to enjoy a number of new incentives in Thailand, as the government seeks to attract high-earning overseas residents to help the country’s COVID-19 recovery.

(more…)
Continue Reading

News

Thailand’s Prime Minister concerned over illegal gambling during Euro 2020

Police in Thailand is tasked with monitoring illegal gambling. Raids regularly take place resulting in fines and or jail time for people found to be hosting or playing in illegal gambling events.

Published

on

By

b5513bb8 euro2020

Thailand’s Prime Minister Prayut Chan-o-cha has expressed concern over an increase in illegal gambling by Thais during the month-long UEFA European Soccer Championship, or Euro 2020.

(more…)
Continue Reading

Recent

Most Read

Join 14,204 other subscribers