10-year visa
- Thailand News
EEC ID system set to transform foreign investment landscape
The Eastern Economic Corridor Office (EECO) unveiled plans for the introduction of the EEC ID system by September’s end. This innovative system, aimed at streamlining administrative processes for foreign investors and workers across the 35 promoted zones in Chachoengsao, Chon Buri, and Rayong provinces, promises to be a game-changer. Korkij Danchaivichit, EECO Deputy Secretary-General, projects a substantial uptake, with an…
- Visa Information
Thailand’s 10 year LTR visa most popular among Americans and Chinese
American and Chinese nationals have made the most applications for Thailand’s 10-year Long Term Resident (LTR) visa since its launch in September, according to the secretary-general of the Board of Investment (BOI) Narit Therdstreerakul. Thailand introduced the LTR visa on September 1, 2022, to lure ‘high potential,’ talented foreigners and investors from around the world into the kingdom to boost…
- Visa Information
Chinese nationals top applicants for Thailand’s 10 year LTR visa
In September, Thailand launched the 10-year Long Term Resident (LTR) visa to attract foreigners with ‘high potential’ into the kingdom. Chinese nationals represent 60% of LTR visa applications made to date, according to Chinese media. Before the pandemic, Chinese nationals topped the list of foreign arrivals in Thailand every year, mostly arriving in big groups on guided tours. However, bus-loads…
- Tourism News
Is the 10-year visa attracting Europeans and others to Thailand?
Officials in Thailand have been heavily pushing the new 10-year golden visa options for digital nomads and rich expats, with Europeans as a primary demographic, but is it really a big draw? The government has predicted that one million wealthy tourists will jump at the chance to live long-term in Thailand over the next five years, but the programme that…
- Visa Information
Thailand launches new 10-year visa to attract foreign experts
Thailand next month is launching a new 10-year visa to attract foreign experts to the country to boost industry and commerce. The Thai Board of Investment Deputy secretary-general Narit Therdsteerasukdi revealed the kingdom is looking to invite about one million skilled workers to develop and advance the nation’s economy, particularly in the electric vehicle, electronics, medicine, and defense industry. Narit…
- World News
Thailand or Cambodia? Comparing 10 year visa programmes
Cambodia has launched a “My 2nd Home” programme to encourage foreign investment in the country. The programme features a 10 year long “Golden Visa” with unlimited entry and exit and other benefits. But how does it compare with Thailand’s 10 year Long Term Resident visa? Applicants for the “My 2nd Home” Golden Visa must be a foreign investor with an…
- Visa Information
Can digital nomads get a 10 year LTR visa in Thailand?
The idea of living and working remotely in Thailand is attractive to foreigners, especially if you can bag yourself an online job with a foreign company in a country where wages are considerably higher than Thailand – e.g. the US – and spend the money in Thailand where the cost of living is considerably lower. However, seeking a legitimate visa…
- Visa Information
Who is eligible for a 50,000 baht 10 year LTR visa in Thailand? The fine print.
Today, Thailand’s Cabinet announced that the fee for a 10 year Long Term Resident visa would be halved from 100,000 baht to 50,000 baht to attract foreigners with ‘high potential’ to reside in the kingdom. Not only has the fee been reduced, but the eligibility criteria has become more “flexible,” according to Deputy Spokesperson for the PM’s Office Ratchada Thanadirek.…
- Visa Information
10-year visa to attract engineers and IT experts, boost technology development
The 10-year visa scheme for wealthy foreigners and highly-skilled professionals is expected to attract engineers and IT experts, potentially boosting technology development in Thailand as the country anticipates a shortage of digital workforce over the next few years. The long-stay visa scheme was approved in principle by the Thai Cabinet last month, targeting foreign investors, highly-skilled professionals and wealthy retirees…
- Thailand News
Plans shot down for property incentives to attract foreigners
A proposal to attract foreigners by lengthening property leaseholds from 30 years to 50 years and allowing foreign condo ownership to increase over the 49% current restriction was shot down today by the Centre for Economic Situation Administration. The committee, headed by PM Prayut Chan-o-cha, rejected those proposals but did seem open to foreigners being permitted to own up to…
- Visa Information
10-year visa gets approval of Cabinet, Ministries preparing rules
The Cabinet in Thailand just approved the creation of a 10-year visa for wealthy foreigners or digital nomads, the target demographic the government has focused on as the solution to the lack of tourism due to Covid-19. They have reckoned that a few high-quality (read: “big spending”) tourists could outweigh scores of the undesirable budget-conscious tourists that flocked to Thailand…
- Visa Information
10-year long term visa scheme takes a step forward, measures approved by PM
Plans to roll out a 10-year long term visa scheme have made a step forward. Measures to attract wealthy foreigners and investors through the long term residency scheme were approved in principle by PM Prayut Chan-o-cha at today’s Economic Situation Management Committee Meeting, according to Thai media. Four groups of foreigners are targeted for the scheme including wealthy international travellers,…
- Visa Information
Deputy PM plans to meet with foreign ambassadors to discuss 10-year visa
Deputy PM Supattanapong Punmeechaow says the government is anxious to promote new measures for attracting wealthy foreigners to Thailand. He says he will be arranging meetings with every foreign ambassador in order to promote a new long-stay visa programme aimed at highly-skilled professionals and wealthy investors. It’s hoped the new visa will help revive Thailand’s economy post-pandemic. Under the new…
- Visa Information
Thailand looks into 10 year visa for the rich allowing land and property ownership
Thailand wants to attract the rich. A scheme to offer long-stay visas to wealthy and “highly skilled” foreigners is in the works. The visa would allow a stay of up to 10 years and foreigners would be able to own land and property in Thailand. Deputy Prime Minister Supattanapong Punmeechaow plans to propose the visa plan to the Cabinet. So…
- Visa Information
Finance Ministry challenges tax cut proposal for holders of new long-stay visa
A proposal to introduce a long-stay visa for 4 target groups of foreigners has already hit a hitch, with the Finance Ministry pushing back against a suggested tax rate of 17% on local earnings. The ministry argues that the reduced rate will affect government revenue. Under the proposal, wealthy foreign nationals could apply for a special visa that would permit…
- Expats
TAT proposes eased restrictions and 10 year visa to key groups
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…
