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Government tentatively approves visa amendments to bring in more investments

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Government tentatively approves visa amendments to bring in more investments | Thaiger

In an attempt to bring in future investments to the country, the government has tentatively approved amendments to the criteria of granting permanent residence and smart visas to foreigners. The Centre for Economic Situation Administration says the new amendments may allow foreigners who purchase condominium units under certain rules to gain permanent residency. Such stipulations, however, include applicants purchasing the properties without using a mortgage loan and not selling or transferring the properties for a period of 5 years after purchasing.

As for those foreigners who wish to develop start-ups or create jobs in fields away from science and technology, the amendments would decrease restrictions for granting such investors smart visas. It also could cover independent experts who do not have a work contract in Thailand and allow current smart visa holders to work other jobs that are not listed on the visa.

Originally, Thailand’s smart visa programme was created to attract skilled workers, executives, investors and entrepreneurs to work in specific industries. As the new amendments have been approved in principle, there is no word yet on when they will be made final.

SOURCE: The Nation Thailand

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4 Comments

4 Comments

  1. Avatar

    somsak

    Thursday, September 17, 2020 at 2:37 pm

    how about those who has already invested and cannot get visa inside the country without paying agent corrupt money?? HOW about fix existing problems before getting new ones in.

  2. Avatar

    georg

    Thursday, September 17, 2020 at 9:31 pm

    The problem is not the criteria, but the barriers to entry, e.g.: specifying how much money needed to front up and how many people to employ. Real startups can be bootstrapped with hardly any money or people, and just skills and experience from a foreigner.

  3. Avatar

    Gary

    Friday, September 18, 2020 at 10:37 am

    No point owning property, you aren’t allowed in to the country for the smallest reasons, like now.

  4. Avatar

    Toby Andrews

    Saturday, September 19, 2020 at 3:42 pm

    What guarantees will the Thais give that they will not change the rules after the property is bought?
    I would not believe a Thai if they told me water was wet.
    They could at any time ban all further sales of property to foreigners – think what that would do to the price of Thai property?
    Not likely huh?
    Well they did it in Goa with 24 hours notice.

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Expats

Proposals to get rid of 90 day reporting and ease investment rules in Thailand

Tim Newton

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Proposals to get rid of 90 day reporting and ease investment rules in Thailand | Thaiger

In amongst a sea of bad new over the past week, a glimmer of hope for expats and long-stay travellers. You better sit down…

The Thai government are looking into changing the long standing 90 day reporting for people staying in Thailand longer than 90 days on a long-stay visa. But don’t get out the champagne just yet.

For the last few decades any foreigner staying in Thailand for more than 90 days had to report to Thai Immigration about their current whereabouts. Immigration officials added an online alternative a few years ago but its reliability has been patchy.

As far as The Thaiger can tell, the online reporting has been down for at least 3 months. (Comment below if you’ve had a different experience)

The Bangkok Post reports that the changes form part of a strategy “to boost investment and tourism revenue”.

For hotels that have had to report the arrival and location of any foreign arrivals, the equally unpopular TM30 form, the online posting of this information has also been equally patchy over the last few months (many hotels simply don’t bother – it’s up to YOU to insist they check you in with the Immigration system).

Though there has been no official announcement made at this stage, the desperation for visitors and tourist, that used to fuel up to 20% of Thailand’s annual GDP, is forcing all departments to look at relaxing earlier draconian or outdated paperwork in favour of encouraging more arrivals, during the Covid-era or or after.

Immigration officials have often cited the need to track transnational crime as the reason to maintain its strict, and often inconvenient, rules – 90 day reporting, TM30s and TM 28s.

But none of this has reached beyond proposal stage at the moment but, according to the head of a government taskforce investigating the proposals at the moment, there will never be a better time to bring Thailand’s immigration and investment rules into the 21st century.

Chayotid Kridakorn, a former head of JP Morgan Securities, in now leading a Thai government economic panel to recommend changes that will make it easier for investors and travellers to enter into, and stay, in Thailand, according to Bangkok Post.

Even on their most optimistic guesses, the Bank of Thailand says GDP is unlikely to return to pre-Civd levels until Q3, this year. Many pundits would say this is optimistic, indeed.

Other groups to fall between the immigration cracks, up to now, have included the digital nomads – people who want to work remotely, anywhere, anytime. Their creed is ‘have laptop and wifi – can work’. Most digital nomads have used various visas, and border hops, to keep living and working in Thailand. Under current rules, their work has been, strictly, illegal and a specific visa wold allow the Thai government to better control this huge resource and tax them more effectively.

Mr Chayotid says that Thailand doesn’t “want to be left behind and die with old technology”.

SOURCE: Bangkok Post

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Coronavirus (Covid-19)

Privatising Covid vaccines – Thai government gives private hospitals the go-ahead to buy vaccines

Tim Newton

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Privatising Covid vaccines – Thai government gives private hospitals the go-ahead to buy vaccines | Thaiger

“About 10,000 people are being vaccinated around Thailand, on average, with 14,000 people being vaccinated each day in Phuket.”

Private hospitals and institutions have been given the official go-ahead to purchase up to 10 million doses of approved Covid-19 vaccines. The purchases will be in addition to what the Thai government is also doing. The major sticking point, despite the approval, however, continues to be the world supply shortage of vaccines, with demand far outstripping current supply.

The CCSA’s Dr. Taweesilp Visanuyothin announced that the Thai PM had approved the privatisation of vaccines but maintained that the roll out of free vaccines for Thais and people at risk would continue at full pace. The Thai government have been fending off accusations that it was blocking the acquisition of vaccines by private companies and hospitals. The 10 million doses approved for private purchases actually allows about 5 million vaccinated people with most of the approved vaccines needing 2 doses.

The spokesperson explained that the Thai government needs to have 40 million Thais vaccinated before they would be able to claim any scientific level of herd immunity. The public health minister said that around 10,000 people per day are being vaccinated around the country, on average. About 350,000 doses have arrived in Thailand and 1.5 million more doses are awaiting delivery for this month, according to the Thai PM.

The order allows the private sector to use a letter of approval from the Thai government to purchase its own supplies separately. Or, alternatively, to purchase directly from the government and resell to customers.

The government’s current order for vaccines is enough for around 35 million people with a local supplier, manufacturing the Oxford/Astrazeneca vaccine under license, from June this year.

Dr Taweesilp also urged private companies to target and purchase vaccines from manufacturers other than the vaccine companies the Thai government were already dealing with.

The following vaccines are currently approved in Thailand…

  • AZD1222 by AstraZeneca/Oxford University (2 doses)
  • ARS-CoV-2 (CoronaVac) by Sinovac (2 doses)
  • NT162b2/CORMIRNATY – Tozinameran by Pfizer/BioNTech (2 doses)
  • Covishield (ChAdOx1_nCoV19) by the Serum Institute of India (2 doses)
  • Ad26.COV2.S by the Janssen Pharmaceutical Companies of Johnson & Johnson (Single dose)
  • mRNA-1273 by Moderna (2 doses)

There are also current applications pending from other vaccine producers which will likely be approved in coming weeks.

Many expats have been chasing information about when they could expect to be vaccinated. Despite some promises from the government there has been little concrete information about formalities to register for vaccination at this stage. Meanwhile many expats have indicated they were prepared to pay for their vaccination but were unable to get clarification from private hospitals about when that may be available.

In Phuket the provincial government has promised ALL registered residents, local or foreign, that they would be eligible for government-funded vaccination. There has been a flurry of activity on the island over the past 2 weeks since the ‘Sandbox’ proposal was approved, in principal, for a July re-opening of quarantine-free tourism to vaccinated travellers. There has been queues and waiting lists at the island’s public hospitals every day for the past week. Currently some 14,000 people are being vaccinated every day, on average.

Meanwhile, the events of the past few days – the closure of entertainment venues and bars in 41 provinces, including all the main tourist areas – will force the government to re-consider any scheduled plans to re-open borders and reduction of quarantine times. Travellers are still allowed to visit Thailand, under new guidelines introduced on April 1, 2021.

What you currently need to enter Thailand…

  • Vaccine certificate, either a print out or the original document (or vaccinated travellers)
  • Certificate of Entry issued by the Royal Thai Embassy in your country
  • Covid-19 health insurance with a minimum coverage of US$100,000
  • Booking confirmation for an Alternative State Quarantine (ASQ) hotel
  • Negative Covid-19 test issued no more than 72 hours before departure

Anyone considering travelling to Thailand at this time is recommended to check with the Thai embassy in their country first, before making bookings of ASQ hotels or flights.

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Expats

Airlines and hotels try to cope with cancellations for Songkran

Tim Newton

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Airlines and hotels try to cope with cancellations for Songkran | Thaiger

Airlines and hotels are reporting cancellations from many of their customers as travellers react to the news of the new clusters and infections being detected in the provinces. Bars and entertainment venues close for 2 weeks in 44 provinces from midnight tonight, according to an order from the Thai PM. Entertainment venues in the other 35 provinces will remain open at the discretion of their provincial officials.

The Thai government has also announced today a series of measures to assist with refunds for people that have cancelled, or been forced to cancel, their bookings.

Thai VietJet asked us to publish their arrangements due to the queries from their customers. We will publish any other announcements from airlines and large organisations as they come to hand…

Due to the Covid-19 escalation in Thailand, the airline announces its policy to support passengers holding Thai Vietjet tickets on all domestic routes.

For passengers who booked tickets and made payments before 10 April 2021 with travel date between 12 -30 April 2021, may choose 1 of the supports as following:

  1. One-time changing the travel date free of charge. New travel date must be by July 31, 2021 and subject to flight availability. Rerouting is not applicable.
  2. Keeping the value of the ticket as a Credit Voucher, which is valid within July 31, 2021.

Passengers who have travel dates fall into the above-mentioned period and wish to contact the airline for support regarding change of flight or credit shell by voucher (at least 72 hours before the original departure time), please choose 1 of the options below:

  1. By E-Form: https://bit.ly/2L6Yv4z (Recommended Channel)
  2. By Line: @Thaivietjet
  3. By email: vz.support@vietjetair.com
  4. By Live Chat at https://skyfun.vietjetair.com/

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