Application for permanent residency must be made to the Thai immigration office. There is an annual quota for the granting of permanent residence in Thailand, with 100 people per nationality allocated each year. Applications for permanent residency are usually only considered between October and December following the announcement of the annual quota. All documents must be submitted to the immigration office. There will then be an interview with immigration officials and the necessary approval from the Minister of the Interior. Once the permanent residence visa to Thailand has been approved, you will receive a blue residence booklet which must then be registered with the local Amphur of your residence in Thailand to obtain a residence card. Once you have received your permanent residency card, you can then apply for the alien booklet (red booklet) at the local police station. Your Alien’s Booklet will be the equivalent of a Thai national identity card and must be re-registered every year.
As part of your application for a permanent residency visa in Thailand, you will have an interview with an immigration officer at a Thai immigration office. The officer will ask you about the documents you have submitted as well as your background and religious beliefs. All of your answers will be documented, and you will be asked to sign the documents after the interview. You will also be asked to answer ten multiple choice questions. These questions will be written in Thai, but the immigration officer will be able to help you understand them and translate them into English. You will also be required to introduce yourself in Thai, which a video camera will record.
It is not necessary to renew the permanent residency visa as there is no expiration date. However, it can be revoked under certain circumstances. You must take care to obtain a return visa every time you decide to leave Thailand.
Upon application, the foreigner must 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 Thai citizen; the fee is 95,700 baht.
There are many advantages to obtaining a permanent residency visa in Thailand. In particular, you can stay in Thailand without a permit or the need to report to the immigration office every 90 days. There is also no need to extend or renew your visa. You have the right to stay in Thailand for an unlimited time. It is also possible to extend your stay for family members who are not Thai citizens. In terms of real estate, permanent resident status allows you to buy property without transferring funds from abroad. You can also be a director of a publicly traded company and obtain a work permit quickly. Permanent resident status allows you to obtain a permanent residence booklet and an alien registration booklet. In the long term, it is possible to obtain Thai nationality.
The requirement of 100% ownership of a company is only possible for Thai nationals. The status of permanent resident does not confer Thai nationality. Thus, it is only possible to hold 49% of the share capital of the Thai company. On the other hand, naturalization allows to obtain Thai nationality and to hold 100% of the company’s money.