Shares in Thai companies and visa requirements
My wife and I are both foreigners, living on Phuket, with type O’ retirement visas. This apparently means that we are required to have between 1.6 and 2 million baht in our Thai bank account to qualify to stay here long-term. I want to invest some of this money in Thailand, so it can earn more than the 0.75% annual bank interest that it currently earns. If I invest some of this money in shares of Thai public companies, such as Thai Airways International, can I include the value of the shares to support our visa renewal application next year? Also, if...
Asked on Thursday, July 8, 2004 | 04:02 PM
Concerned in Kamala.
When applying for extensions to stay on a retirement visa, only the amount you have deposited in a Thai bank account will be considered. The value of shares that you have bought of any Thai companies will not be considered, nor will any savings in foreign bank accounts.