What are the additional visa options available to property owners in Thailand?
If you only visit your property once a year and for no more than 90 days at a time, there is no need to complicate matters by applying for a specific visa. Instead, you can apply for a tourist visa at an embassy outside of Thailand, which will grant you a 60-day stay in the country.
You can then choose to extend your stay by an additional 30 days at an immigration office within Thailand. However, if you are a foreigner wishing to conduct business, invest or work in Thailand, you may apply for a Non-Immigrant B (Business and Work) visa.
This is particularly suitable for land or villa owners who have their own companies set up to own property in Thailand.
For individuals aged 50 and above, the Thai Retirement Visa is an option that allows for a full year stay without leaving the country for re-entry. To be eligible, applicants must meet certain financial requirements, and any form of employment is strictly prohibited.
In September 2021, Thailand’s cabinet approved measures to attract wealthy foreign investors to long-term stays in Thailand through a brand new 10-year visa option called the New Long-Term Residence Visa. This visa package includes the same income tax rate as Thai citizens, tax exemption on income earned abroad, and ownership of properties and land to make it even more attractive for high potential individuals.