Work permits for top tier Thailand Elite Card members
In an effort to give the economy an extra boost, the government will discuss adding work permit privileges for top tier Thailand Elite Card members who invest a minimum of $1 million USD in Thailand.
The scheme will draw more investment to Thailand, according to the Tourism Authority of Thailand, or TAT, governor Yuthasak Supasorn. While the types of investments are up to the members, the government recommends property investment. The property sector was hit hard during the coronavirus pandemic.
The Thailand Elite members are on Elite Visas for 5 to 20 year stays. The website says the goal of the program is to “encourage more tourists to come over and stimulate the Kingdom’s bustling tourism industry, as well as to attract more foreign capital to boost the economy.”
There are 9 membership categories for the Thailand Elite Card. Members get privileges like expedited immigration lines at the airport and limousine pickup at the airport. Only those in the top tier categories, costing 1 to 2 million baht, plus a minimum investment of $1 million USD within 1 year, will be eligible for the new work permit.
Member applications have been at a record high over the past 2 months with a monthly average of 300 to 500 applications, according to Somchai Soongswang, the president of Thailand Privilege Card which operates the Thailand Elite Card scheme.
In August and September, 200 applicants were approved each month. Before the pandemic, only 100 memberships were approved per month. It takes 15 to 45 days to have the membership approved. Members must be screened through the Immigration Bureau, and some also need to pass additional screening through national intelligence agencies.
SOURCE: Bangkok Post
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