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Government aims to offer work permits to foreigners who invest at least US$1 million

Maya Taylor

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PHOTO: www.pinoythaiyo.com

Probably the most expensive Work Permit in the world. The Thai government is considering offering work permits to foreigners who invest at least US$1 million in Thai property or businesses. The Centre for Economic Situation Administration has approved a proposal to grant work permits to eligible Elite Card holders. In order to qualify, they must have the top-tier Thailand Elite visa card, which costs 1 million baht and is valid for 5 years. They must also be prepared to invest their funds for at least 5 years.

The governor of the Tourism Authority of Thailand, Yuthasak Supasorn, says it’s hoped the move will boost foreign investment in the Kingdom. It’s hoped the plan could generate 31 billion baht for the economy, 1 billion of which would come from Elite card fees, with the remainder being generated by foreign investment.

PM Prayut Chan-o-cha has instructed the TAT and the Foreign and Interior Ministries to work together on the proposal, before submitting it to Cabinet for final approval.

The CESA has also approved the proposed partnership between the TAT, Thai Airways, and local hotels, in which tourism packages inclusive of quarantine, can be offered to foreign arrivals. It’s understood the packages will be available from December 1 until March 31 next year. The government is targeting 2,000 visitors, generating revenue of 200 million baht every month.

Just another ‘proposal’ we have to keep track of as the visa situation in Thailand becomes increasingly complex.

SOURCE: Nation Thailand

 

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48 Comments

48 Comments

  1. Avatar

    Galaxy

    Thursday, November 19, 2020 at 12:21 pm

    Really too cheap my brother! Not expensive enough for us!

    • Avatar

      preesy chepuce

      Thursday, November 19, 2020 at 7:39 pm

      “plan”…

      …bwahahahahaha!

  2. Avatar

    Eukaryote

    Thursday, November 19, 2020 at 12:25 pm

    Wow.. a work permit for a million dollars? It’s a bloody miracle. What a bargain! I have been waiting for this my whole life!

  3. Avatar

    Jesus Monroe

    Thursday, November 19, 2020 at 12:37 pm

    it a bit like a old washed up hooker thinking she 20 years old again……in your dreams honey

    • Avatar

      preesy chepuce

      Thursday, November 19, 2020 at 7:40 pm

      A poignant analogy.

    • Avatar

      Fred Johnson

      Thursday, November 19, 2020 at 7:40 pm

      Best comment ever! Hahaha

  4. Avatar

    Toby Andrews

    Thursday, November 19, 2020 at 12:40 pm

    They are becoming desperate now. Next week it will be invest a half of a million – baht.

    • Avatar

      preesy chepuce

      Thursday, November 19, 2020 at 7:43 pm

      I’m looking forward to the reinstatement of polygamy in Thailand – a much-missed tradition.

  5. Avatar

    Joe

    Thursday, November 19, 2020 at 12:41 pm

    These people sure have a sense of humour. Who wants to invest that amount of money in a failed state where there are ongoing protests which could could turn very nasty.

    • Avatar

      Jack

      Thursday, November 19, 2020 at 2:22 pm

      Like USA, Europe, UK, and almost every other country under control of the kleptocrats?

      Over throw your government(all governments) and take back YOUR freedom!!!

      Abolish immigration and the drug and sex war!

      • Avatar

        ynwaps

        Thursday, November 19, 2020 at 5:46 pm

        wtf jack?

        • Avatar

          preesy chepuce

          Thursday, November 19, 2020 at 7:41 pm

          “Jack” from Zhejiang, perchance?

      • Avatar

        SG666

        Friday, November 20, 2020 at 8:33 am

        Agree

    • Avatar

      chris

      Saturday, November 21, 2020 at 10:07 am

      okay, but … that’s the perfect time to be investing.

  6. Avatar

    Vidal

    Thursday, November 19, 2020 at 1:12 pm

    Meanwhile, a Burmese building site worker gets a 2-year work permit for about $150.

    • Avatar

      Pattaya Lover

      Thursday, November 19, 2020 at 5:54 pm

      ?????

    • Avatar

      preesy chepuce

      Thursday, November 19, 2020 at 7:42 pm

      …and probably spends that much a year at duty free.

  7. Avatar

    SG666

    Thursday, November 19, 2020 at 2:13 pm

    Not a real good plan to invest in LOScam than if I need to work after investing 1Mio US. If I invest 1Mio US in something I do it because I expect the money to work for me and me myself.

    • Avatar

      preesy chepuce

      Thursday, November 19, 2020 at 7:44 pm

      Surely you know that investments in places outside the US often are expected to work for someone else…

      • Avatar

        SG666

        Friday, November 20, 2020 at 8:37 am

        Really ? Do they ? I have all my assests outside the U.S. and invested outside the U.S. and it works out very nicely.

        I would never ever invest anything in the U.S. or in U.S. businesses or enter into business agreements with U.S. companies or Individuals. This simply because at this moment I would support the U.S. economy.

        Fxxx the U.S.

  8. Avatar

    Tony Grace

    Thursday, November 19, 2020 at 2:36 pm

    And you will still have to have a Thai with 51% of the holding in his or her name and the only work you will do is tryng to figure out when are they going to disapear with my money,

    • Avatar

      preesy chepuce

      Thursday, November 19, 2020 at 7:45 pm

      I wonder how much of Thailand is not owned by Thais? It can’t be anywhere near 49%?

  9. Avatar

    Bobby m

    Thursday, November 19, 2020 at 2:55 pm

    It just gets worse. I wonder how much a month the person who came up with this idea gets paid.

    • Avatar

      Steve

      Saturday, November 21, 2020 at 1:00 pm

      Too bloody much! Just another of Loong Tuus mindless military appointments to a job they know SFA about!!

  10. Avatar

    Denis

    Thursday, November 19, 2020 at 3:13 pm

    Thank you for this funny moment…

  11. Avatar

    Joe

    Thursday, November 19, 2020 at 3:21 pm

    Scary that the people who come up with ideas like this are running the show, we are at the mercy of simpletons.

  12. Avatar

    Mike Frenchie

    Thursday, November 19, 2020 at 4:07 pm

    Funny, anyone with 50.000 thb and an accountant to make the papers can get a work permit!

    • Avatar

      preesy chepuce

      Thursday, November 19, 2020 at 7:46 pm

      I thought it was, ahem 20,000, ahem… maybe the source you got that from is subcontracting? lol

  13. Avatar

    murika

    Thursday, November 19, 2020 at 5:12 pm

    work permit for what job ! there is only a handfull of job foreigners are “allowed” to do in Thailand, and in the million you invest, 51% of the company will belong to a thai person.

    Remind me of a joke i heard when i came live here many years ago: Do you know how to become a millionaire in thailand ? you come with ten millions and you leave with one !

  14. Avatar

    MasterOfDisaster

    Thursday, November 19, 2020 at 5:15 pm

    Lmao

  15. Avatar

    Ynwaps

    Thursday, November 19, 2020 at 5:21 pm

    Ah so generous! Glad it’s so easy to pay taxes in Thailand and get anything in return.

  16. Avatar

    Ynwaps

    Thursday, November 19, 2020 at 6:11 pm

    Also with 1$million you’d get an investment visa. Who needs a work permit? For these things the government wants to attract business for you’ve already got the BOI, which knows what they’re doing. Then they’ve recently got the SMART visa type for skilled foreigners.
    Whoever thought about this clearly doesn’t know how their own country works.

  17. Avatar

    Spike

    Thursday, November 19, 2020 at 6:24 pm

    How is it that The architects of bad ideas and no brain cells are all Thai government officials??

  18. Avatar

    Issan John

    Thursday, November 19, 2020 at 6:47 pm

    Bizarre. Simply bizarre.

  19. Avatar

    Remo

    Thursday, November 19, 2020 at 7:55 pm

    I guess, those guys who invest more than a million bucks, wont be looking for a job in Thailand.

    They can supervise their investment without being officially employed ,anyway.

  20. Avatar

    Ben

    Thursday, November 19, 2020 at 8:45 pm

    Doubt you can find 5 people that would do this let alone the 1,000+ people needed to bring in the 31 billion baht goal without a stable democratic government and solid property rights. A work permit? To do what work?

    They obviously want rich people to come over and stay and spend so why not utilize something like Malaysia’s “My Second Home” program which has attracted over 40,000 financially responsible individuals and their families since 2002?

    If you continually come up with programs that only benefit you then you’re wasting energy because there will be no takers.

  21. Avatar

    James

    Thursday, November 19, 2020 at 11:27 pm

    I am just about to sell my house in the UK for the equivalent of $1.2 million.

    I am going to invest it in other rental property, should I do that investment in Thailand?

    Nah, I will invest it here where I have full control, then bung 800k baht in a bank in Thailand, and get a year by year retirement visa.

    Then the most I can lose in Thailand is the 800k baht if things go sour there.

    Is the $1 million dollar investment plan in Thailand a hoax as it sounds so silly?

    • Avatar

      Lance Tuckey

      Friday, November 20, 2020 at 5:43 am

      Im in exactly the same boat….selling my house for 1 mill au….i have about 1.3 mill in cash and shares and will invest most in Australia…..taking with me about 200 k….the rest stays here…only taking what i can afford to lose..

      • Avatar

        James

        Saturday, November 21, 2020 at 1:42 am

        To Lance

        Good luck, yes leave most of it in Oz where you have full control.

        You could of course meet a bar girl, who after a while will tell you her mum and dad are ill and she needs money and a house and a car etc, you could then end up a year later at a bar all alone crying into your beer as I have seen on a few occasions.

        No, let us still to our original plan LOL.

  22. Avatar

    Fat to the Fire

    Thursday, November 19, 2020 at 11:38 pm

    Pathetic ideas coming out of an ill equipped regime.
    Jumping from one bad idea to another

  23. Avatar

    Fred Fanakapan

    Friday, November 20, 2020 at 3:01 am

    Sing to the tune of “She’ll be coming round the mountain when she comes”

    You can stick your fucking visa up your arse
    You can stick your fucking visa up your arse
    You can stick your fucking visa
    Stick your fucking visa
    Stick your fucking visa up your arse

  24. Avatar

    Nipral

    Friday, November 20, 2020 at 5:54 am

    One more moronic scam !

  25. Avatar

    James Pate

    Friday, November 20, 2020 at 9:06 am

    Anyone who can afford this doesn’t need it. There would be other ways.

  26. Avatar

    lootarzoon

    Friday, November 20, 2020 at 12:09 pm

    What do they mean by working permit ? Fuc…G permit ? 1 Million to F…? Joke of the year…!!

  27. Avatar

    Khun plastic

    Saturday, November 21, 2020 at 12:03 am

    Will you be allowed to buy a couple of square wah of freehold land in your own name to build your own mud hut on?
    If so it’s an excellent deal.

  28. Avatar

    Steve

    Saturday, November 21, 2020 at 12:56 pm

    Loong Tuu and the TAT must truly be insane!! These brain deads are expecting retirees to fall for these absolutely idiotic scams! The country is f***ed if this is the best these morons can come up with! Stop the quarantine bullshit and the worthless tests and open the country up!! Get real!!

  29. Avatar

    Stefan Svensson

    Monday, November 23, 2020 at 2:31 am

    The best entertaining thing so far! Good luck, jackpot is coming!!!

  30. Avatar

    Timmytime

    Thursday, December 3, 2020 at 9:51 am

    A better investment would be to set those money on bloody fire rather then invest in anything in Thailand right now. A work permitt for one million baht and a poor investment like a condo etc that never ever will be profitable, the people who comes up with ideas like this is in bad need of a severe reality check.

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Coronavirus (Covid-19)

Phuket red zone list adds Krabi, Trang, Ranong, Phatthalung

Neill Fronde

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FILE PHOTO: The Phuket checkpoint now lists 25 provinces as a red zone.

Visitors to Phuket from Krabi, Trang, Ranong, and Phatthalung will now have to prove they’re vaccinated or have a negative Covid-19 test within 72 hours of arrival, as they’ve been added to the red zone province list. People entering without those qualifications will have to take a rapid antigen test on the spot before being allowed into Phuket.

The 4 provinces join a group of 21 other provinces already on the Phuket red zone list requiring strict measures to enter. That list even includes Phuket itself, as people do exit the province have to prove a negative test or vaccination before being allowed to re-enter.

Phuket’s vice governor made the announcement yesterday after the governor signed the order and put it into effect until at least May 15th. That same order requires all trucks transporting goods to travel from 11 pm to 5 am, the nighttime hours that other people are not allowed to enter the island. Phuket recently closed its entry checkpoints from late night to early morning after reports of exhaustion from the health officials working to test everyone or verify their credentials.

Delivery drivers will also have to pass the same requirements as red zone province arrivals before entering Phuket. Any driver who does not have a negative test within 72 hours or proof that they’ve received both doses of a vaccine approved by Thailand’s Food and Drug Administration, will be forced to wait until the regular checkpoint opens at 5 am to receive a rapid antigen test.

Over 40,000 people from red zones have now been tested at the checkpoint to enter Phuket. In the first week of the requirement which began on April 22, health officials tested more than 22,000 people, overwhelming staff and prompting the government to close the entrance from 11 pm to 5 am to give checkpoint workers a break.

The 25 provinces currently classified as a red zone for entering Phuket are as follows:

Bangkok Nakhon Pathom Pathum Thani Rayong Suphan Buri
Chiang Mai Nakhon Ratchasima Phatthalung Sa Kaeo Surat Thani
Chonburi Nakhon Sri Thammarat Phuket Samut Prakan Tak
Khon Kaen Narathiwat Prachuap Khiri Khan Samut Sakhon Trang
Krabi Nonthaburi Ranong Songkhla Udon Thani

SOURCE: The Phuket News

 

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Coronavirus (Covid-19)

BMA admits Covid virus spreading fast in Bangkok, speeds up testing and jabs

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Stock photo via Flickr

The Bangkok Metropolitan Administration says it is speeding up mass Covid-19 testing and inoculations in communities hit strongly by the virus, after admitting the virus is spreading fast in Thailand’s capital.

The city clerk says the administration, along with the Public Health Ministry and other agencies, are speeding up the collection of nasal swabs for Covid-19 tests, with a plan to test 3,000 people in high-risk groups per day. Those people deemed to be at an increased risk of the virus have been clustered by districts, with testing units in each of the 6 districts…

Laksi district, 70 Pansa Min Buri park in Min Buri district, Huai Khwang stadium in Huai Khwang district, under the Rama III expressway in Yannawa district, a public park under Rama VIII bridge in Bang Phlad district and The Mall Bangkae shopping centre in Bang Kae district.

The virus has been found in densely populated, low-income areas such as the Klong Toey community in Klong Toey district, Bon Kai community in Pathumwan district and Ban Khing community and The Mall Bangkae in Bang Kae district. In an effort to help those residents stay at home to prevent the possible spreading of the coronavirus, community-level organisations are teaming up to provide food, water, and supplements to those in the areas.

But stay at home orders are a problem for many as starvation is more frightening than the virus and 90% of residents in the slum communities still need to leave for work each day to keep food on the table. The daily average income for those in the slums is around 120 to 150 baht. The CCSA yesterday declared that is is focusing on containing major Covid clusters in 3 key Bangkok communities – the Klong Toey ‘slums’, Bon Kai in Pathumwan and Ban Khing in the Bang Kae district, on the west side of the Chao Phraya.

Today’s nationwide Covid update includes compiling the regional totals from yesterday, with a total of 27 new Covid-related deaths and 2,044 new Covid-19 infections over the past 24 hours. The numbers continue a statistically consistent rise in the number of Covid infections over the past 2 weeks.

Meanwhile, talking about Phuket’s plans to open in July, the Tourism and Sports Minister, Phiphat Ratchakitprakarn, said yesterday that the number of new cases on the island must reach zero before the government can contemplate the ‘Sandbox’ plan for no-quarantine travel.

SOURCE: Bangkok Post

 

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Coronavirus (Covid-19)

Phuket visitor Covid-19 rapid antigen testing may end May 15

Neill Fronde

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PHOTO: Covid-19 rapid tests may be discontinued in Phuket. (via Wikimedia)

In a live broadcast, Phuket’s Vice Governor Piyapong Choowong said officials will consider discontinuing Covid-19 rapid antigen testing for people arriving into Phuket after May 15. The interview from the Phuket Check Point at Tha Chatchai yesterday seems to contradict a recent statement from the governor launching additional rapid testing from today.

Entry to Phuket since April 22 has been limited for travellers from red zone provinces, requiring proof of vaccination or a negative Covid-19 test within the last 72 hours. Anyone arriving without either of these would be screened on the spot with rapid antigen tests. Though originally offered for 300 baht per person, controversy arose over Thailand’s 2-tier pricing as it was announced that testing would be free for Thai people and 500 baht for foreigners.

The National Health Security Office provided 40 billion baht for testing in Phuket, allowing free testing for nationals, but as that funding is used up, Phuket Governor Narong Woonciew announced that the testing will no longer be free for Thai people after May 15. Phuket does not have the budget for free rapid antigen testing so they will likely be forced to require payment after that date.

The current testing has seen a decline in positive Covid-19 infections, not finding any new cases for several days, prompting the government to rethink whether the current system of rapid testing those who are not vaccinated or holding a recent negative test certificate is worth the money spent.

Over 40,000 people have been tested since the program began April 22 until the current figures on May 5, with only 22 covid infections identified. Furthermore, 5 of those infections turned out to be false positives.

The vice-governor conceded that Phuket has Covid-19 outbreak problems with growing infections every day, but explains that the infections are from within the community and not from outside visitors. The latest infections stem in large part from gambling get-togethers without proper Covid-19 safety.

As of now, the rapid antigen testing will continue until the May 15 cut off, but government officials are still debating whether to continue testing and whether funding will exist for it after that date.

The NHSO has recently hinted that they will approve more funds to continue testing, a signal that had not been received before the governor’s announcement on Wednesday about the rapid antigen testing.

The vice-governor stressed that the situation is constantly evolving and that new information it’s shared frequently, and often out of local control. He urges everyone to pay attention to forthcoming announcements.

SOURCE: The Phuket News

 

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