Yes. Thai business visa can be usually extended to a year. In order to be eligible for this visa extension, you must cater to the basic criteria plus meet the minimum salary requirements. The requisites are as follows;
- Valid Thai work permit
- Minimum salary per nationality
- Four Thai employees per permit (4:1)
- Must have 1M THB in net equity and registered capital of a minimum 2M THB
- Must show revenue in the previous year to cover the salary of all the foreign employees.
- The company must submit year and profit and loss account inspected and certified by a certified accountant.
Once you know whether you are eligible or not, make sure you have these documents ready;
- Application form;
- Copy of applicant’s passport;
- Certificate of employment prepared in accordance with Immigration Bureau regulations;
- Copy of Work Permit;
- Proof of corporate formation; certificate of incorporation of company or partnership certified by the Registrar in the last six months;
- List of shareholders certified by the Registrar within the last six months and the Department of Business Development;
- A copy of the latest balance sheet and income statement, corporate income tax return (PND 50) and receipt. Copy of SBC 3. Must be certified by the Revenue Department or the Department of Business Development;
- Copy of last three monthly withholding tax returns showing the name of the employee and the alien applicant, together with receipt. Must be certified by the Revenue Department;
- Copy of the latest personal income tax return and receipt of applicant, must be certified by the Revenue Department;
- Copy of last three monthly social security contributions filed with the Social Security Office (Form S, PS 1-10) and receipt, must be certified by the Social Security Office;
- Copy and receipt of last three monthly Value Added Tax (VAT) returns (PP 30 or PP 36), they must be certified by the Revenue Department;
- Proof of the need of the business to employ the alien, e.g. no Thai candidate has applied after advertising the position;
- Location map of place of work;
- Other supporting documents that may be required by the appropriate authority (SSM 2);
- Map showing your business’ location with photos of the exterior of the building, with the address and company sign in the photo, and photos of the interior showing the employee working;
- If you are accompanied by family then your marriage certificate and birth certificates of any children must be provided. If they are provided by a foreign government they must be certified by the Embassy.
If in case you are not successful in acquiring an extended business visa, you do have another option, which is One Year Non-Immigrant B Visa.