Connect with us


TAT proposes eased restrictions and 10 year visa to key groups

Neill Fronde



FILE PHOTO: Digital nomads, along with the wealthy, retirees, and highly-skilled workers, are targeted for a proposed 10-year visa proposal.

Key word – PROPOSAL.

Perhaps tired of piecemeal baby steps to attract tourists while missing the bigger picture, The Tourism Authority of Thailand proposed a sweeping plan to give 4 target groups easy access to live, work and prosper in Thailand for a decade at a time.

The radical proposal was presented to PM Prayut Chan-o-cha in a video conference call yesterday. While the Centre for Covid-19 Situation Administration and the Cabinet will consider the proposal, the 10 year visa for key demographics is extremely preliminary at this time but would be a boon for many who want to stay long-term in Thailand but can’t navigate its complex and restrictive visa options.

The plan would allow some to work in Thailand without a work permit, buy land and property, pay a 17% tax rate on local earnings, and get a visa to stay for up to ten years. Get out our tourism money bingo cards: the 4 target groups for this proposal are rich people, digital nomads, retirees, and highly skilled workers.

With a goal of luring in 1 million people, TAT is predicting 1 trillion baht in revenue, as they are targeting people they believe will contribute at least 1 million baht annually to the local economy. They also expect an additional 800 billion baht to be invested in Thailand from 10,000 foreign investors and 80,000 retirees.

Aside from the obvious economic benefit, Thailand hopes the 10-year visa plan brings an influx of brains into the country, attracting experts and a wealth of knowledge, skillsets and abilities from highly skilled foreigners attracted to the new less-restrictive rules for living in Thailand. Of course, the government is eying a profit in this area as well, projecting 500 billion baht in taxes from 400,000 skilled workers.

So what are the rules and qualifications? Here’s a breakdown for each of the target markets:

Thailand is not looking for the upper-middle class here. They want millionaires. In US dollars, interested people must have $1 million in assets and $100,000 in health insurance. They must invest $500,000 in real estate or Thai government bonds and have at least $80,000 in income over the last 2 years.

Those who qualify would get a 10-year visa and would be permitted to buy property and land. They would be allowed to work 20 hours a week without a work permit. Foreign income would be tax-free and local income would be taxed at 17%. There are no age restrictions, but a person must have investments, assets, decent salaries, and plans to travel to Thailand frequently.

Digital Nomads
Backpackers with a laptop and a blog, don’t hold your breath. This proposal is looking at employees at billion-dollar companies, or stock traders for businesses trading at least US $50 million a year over the last 3 years. To qualify, a person must have a bachelor’s degree and 5 years experience, $40,000 a year income (or $80,000 in 2 years), and $100,000 in health insurance.

Thailand hopes to attract people close to retirement age in this category, but there is no age restriction. This category also gets a 10-year visa, can work without a permit, buy property and land, and a 17% tax rate on local earnings.

Got a bunch of money and some grey hairs? This one might be for you. The option would be open for anyone over 50 with that same $40,000 yearly income (or $80,000 in 2 years) and $100,000 of health insurance. They will have to prove a long-term pension and invest $250,000 in government bonds or real estate.

As with the wealthy, retirees would get a 10-year visa and be allowed to buy property and land, work 20 hours a week without a work permit, and pay a 17% tax rate on local earnings.

Skilled Workers
To qualify for this category, a person would need to have abilities or skill sets that set them apart and make them a value to Thailand. University professors, specialised scientists, or highly-skilled workers in the industrial or tech sectors would fall into this group.

They would have to meet the same $40,000 a year or $80,000 in 2 years as well as hold the $100,000 insurance like other target groups and would be afforded the same 10-year visa and other benefits that the other groups receive.

SOURCE: Thaivisa


Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forum
🔔 Subscribe to our daily newsletter
📺 Subscribe / Join for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Neill is a journalist from the United States with 10 years broadcasting experience and national news and magazine publications. He graduated with a degree in journalism and communications from the University of California and has been living in Thailand since 2014.

Follow Thaiger by email:

Coronavirus (Covid-19)3 hours ago

Expert says Delta Plus could be up to 15% more transmissible than Delta Covid variant

Thailand4 hours ago

Thailand News Today | Dirty medical gloves, Thailand defends spending 100m on New year celebrations | Oct. 26

Thailand4 hours ago

Digital platforms to be subject to new regulations following draft decree

Sponsored6 hours ago

Don’t wait!! Book your berth or booth at the Thailand International Boat Show

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Bangkok5 hours ago

Bangkok’s Suvarnabhumi Airport prepares for November reopening

Coronavirus (Covid-19)5 hours ago

Tuesday Covid Update: 7,706 new cases; provincial totals

Thailand6 hours ago

PM Prayut Chan-o-cha addresses Southeast Asia leaders at 38th ASEAN summit

Join the conversation on the Thaiger Talk forums today!
Thailand9 hours ago

November reopening concerns majority of Thais, Department of Health survey shows

Thailand9 hours ago

British divers say they risked arrest for giving boys ketamine during cave rescue

World9 hours ago

US President Biden to join ASEAN summit as leaders poised to discuss key regional issues

Thailand11 hours ago

Prayut orders investigation into used medical gloves exported to the US

Coronavirus (Covid-19)11 hours ago

Health officials play down concerns over Thailand’s first case of Delta Plus variant

Bangkok12 hours ago

Chulalongkorn students drop royal parade on grounds it promotes “authoritarianism”

Thailand12 hours ago

Thailand Top Stories | TAT explains entry for travelers outside quarantine exemption list | October 26

Phuket12 hours ago

Thai PM defends plan to spend 100 million baht on New Year’s Eve celebrities

Tourism13 hours ago

Government’s domestic tour package subsidy receives lukewarm response

Thailand1 month ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand8 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism8 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket8 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism8 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand8 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism8 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand9 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand9 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand9 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand9 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand10 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand10 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand10 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand10 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11