For projects eligible for investment promotion, which have already submitted an application for promotional status or have already been granted promotion status, the applicant must bring in funds to invest in a new project that has not started operations.

Such investment must be in the form of a joint-venture in a newly or already established company. This joint-venture must economically benefit the project (for example, by assisting in export marketing or by bringing in appropriate technology).

3.1.2 Remitted funds must be invested in ordinary shares of the limited company that is set up to implement the approved project. The applicant must hold more than 25 percent of the registered capital unless the size of the project exceeds 100 million baht, excluding the cost of land and working capital. In that case, the shareholding criteria may be relaxed.

3.1.3 The applicant must maintain the qualifications under 3.1.1 and 3.1.2 for at least three years from the date permanent residence is granted.

3.1.4 Applicants may apply for permanent residence for himself and the following family members:

• Spouse
• Parents
• Not more than three children who are unmarried and under 20 years old.

Foreign investors must invest in special government bonds designated by the Ministry of Finance and the Bank of Thailand, State Enterprise bonds, or condominiums. The amount of the required investment is:

• 8 million baht for the investor
• 6 million baht for a spouse
• 2 million baht per unmarried child under the age of 20

For purchases of either governmental state enterprise bonds, the bonds may not be transferred or redeemed for a period of 5 years. In the case of purchase of a condominium whose project has been registered with the BOI, the condominium must not be sold for a minimum of 5 years, and may not be used as collateral for a loan.

For approval, the Committee will take into consideration the documentation on the purchase of the bonds or condominiums and the qualifications of the investor.

Applicants must possess technical know-how or expertise that is in demand and will benefit the country. Educational or employment references, certified by the Royal Thai Embassy or Consulate, must be submitted. In countries where there is neither a Royal Thai Embassy nor a Consulate, the document must be certified by a Notary Public.

Applicants must submit documentation indicating that he/she has an annual income of not less than US$ 10,000.

The applicant must not be less than 25 years of age. Family members who may also be granted permanent residence in the Kingdom include spouse, parents, and not more than three unmarried children under 20 years of age.

3.4.1 Applicants must process technical know-how or expertise that is in demand and will benefit the country. Educational or employment background must be submitted.

3.4.2 Applicants must not be less than 20 years of age family members who may also be granted permanent residence in the Kingdom include spouse, parents, and not more than three unmarried children under 20 years of age.