1. BCCT PROPERTY & INFRASTRUCTURE BREAKFAST “THAI PROPERTY – RECENT EVENTS AFFECTING FOREIGNERS – MARKET IMPACT” Date: Wednesday 31 January, 2007 Venue: Novotel Siam Square

2. Contents 1.Transit Visa Exemption. 2.Category B Non-Immigrant Visas. 3.Extension of Non-Immigrant Category B Visas. 4.Investment Visas. 5.Retirement Visas. 6.Charities and Foundations. 7.Three Year Non-Immigrant Visa. 8.Useful Websites.

3. Recent Amendments to the Thai Visa Regulations 1.Transit Visa Exemption.  Passport holders from 36 countries may enter Thailand without a visa and remain for up to 30 days (excluding countries with special MOU);  Effective 1 October, 2006: - –May only stay a total of 90 days in any six month period; –Unable to return for a further 90 days; –Regular “short stay” visitors not affected.  Visa on arrival (20 countries) who may stay up to 15 days on arrival and transit visa rules unchanged. - 1 -

4. Recent Amendments to the Thai Visa Regulations 2.Category B Non-Immigrant Visas.  Additional documents required from sponsor in Thailand, including: - –Business registration; –Affidavit/list of shareholders; –Audited financial statements; –Corporate income tax return; –Company profile/map; –List of foreigners employed by the company; –"Letter of Acceptance” from Ministry of Labour and Social Welfare. - 2 -

5. Recent Amendments to the Thai Visa Regulations  Royal Thai Embassies/Consulates instructed not to issue more than one single entry visa of this category.  Requirements of different embassies/consulates vary and may change at short notice. - 3 -

6. Recent Amendments to the Thai Visa Regulations 3.Extension of Non-Immigrant Category B Visas.  New requirements effective 1 October, 2006 include: - –Latest audited financial statements; –Last corporate income tax return and Revenue Department receipt; –Includes new companies!  Shareholders equity in the balance sheet must not be less than THB 1 million. –Will affect audited financial statements for year ends dated 31 December, 2006 onwards.  Company revenues must be sufficient to pay salaries and allowances to all employees including foreigners. - 4 -

7. Recent Amendments to the Thai Visa Regulations 4.Investment Visas.  THB 3 million investment visa withdrawn for new applicants effective 1 October, 2006.  Existing extensions continue to be renewed. - 5 -

8. Recent Amendments to the Thai Visa Regulations 5.Retirement Visas.  From 1 October, 2006 applicants must provide evidence of having THB 800,000 in their bank account for at least 90 days prior to application. - 6 -

9. Recent Amendments to the Thai Visa Regulations 6.Charities and Foundations.  Includes: - –Public charities; –Foundations; –Associations; –Foreign chambers of commerce.  Confirmation letter required from relevant “Chief Government Officer” (Grade 10 and higher).  No confirmation letter – visa may be approved for not more than 90 days at a time. - 7 -

10. Recent Amendments to the Thai Visa Regulations 7.Three Year Non-Immigrant Visa.  Implemented by Ministry of Foreign Affairs from September 2006.  Three year Non-Immigrant Visa.  Applies to foreigners who wish to conduct business in Thailand (not to work).  Cannot be extended in Thailand.  Cannot apply for a work permit.  Cost THB 10,000 (approx.).  Relevant to non-resident directors who need to visit Thai subsidiaries. - 8 -

11. Recent Amendments to the Thai Visa Regulations 8.Useful Websites.  Immigration Bureau – www.immigration.go.th  Royal Thai Embassy, London – www.thaiembassyuk.org.uk - 9 -