Eligibility To Become A Thai Resident


Posted January 17, 2020 by kiresidences1

Ki Residence is established by Sunway Development Pte Ltd and Hoi Hup Realty Pte Ltd.
 
Generally, there are two (2) types of Foreigners that qualify for Thai Residency status and these can be defined as:-
(i) Annual Quota Immigrants; and,
(ii) Non-Quota Immigrants.

Annual Quota Immigrants
Foreigners granted approval from the Immigration Committee and Minister of the Interior under Section 40 of the Immigration Act B.E. 2522 ("the Act") are permitted to become residents of Thailand. The Ministry of Interior with the approval of Cabinet, are empowered to publish in the Government Gazette the annual immigrant quota. This is normally published in December each year.

Non-Quota Immigrants
Aliens may be permitted to enter and stay in Thailand under special circumstances as stipulated in Sections 17 and 43 of the Act contrary to Section 40 of the Act provided that such aliens bring in foreign exchange for investment and they are accepted.

Resident Permit: Advantages
• Eligibility to stay in Thailand permanently without extension of visas.
• Eligibility to acquire a condominium without having to remit funds from abroad.
• Eligibility to have name listed in the House Registration Book.
• Eligibility to apply for naturalization as a Thai (citizenship) upon completion of all requirements.
• Eligibility to be a director of a public limited company even if this results in a majority of the directors being Non Thai.
• Work permits are easier to obtain.
• Easier access to borrow funds from Thai or Foreign Banks to purchase property in Thailand.

How to apply for Resident Permit - The Process
Foreigners applying for resident permits in accordance with the annual quota basis, subject to Section 40, should note that the annual quota granted is a maximum of 100 persons per country (nationality) per annum.

To apply under Section 40, an alien must:-
1. Currently hold a passport of his/her nationality with a non-immigrant visa type that allows him/her to stay in
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Issued By ki residences
Country United Kingdom
Categories Business
Tags ki residences
Last Updated January 17, 2020