Cabinet approves long-term 10-year visa to attract foreigners - Thai Enquirer Current Affairs
Latest Thailand English Online News Cabinet approves long-term 10-year visa to attract foreigners Current Affairs - Thai Enquirer %
www.thaienquirer.com
Thailand to offer 10-year visas to ‘wealthy global citizens’
Scheme targets affluent pensioners and digital nomads who invest in the country
www.ft.com
The measures include:
- A 10-year “long-term resident visa,” also for spouse and children
- A work permit
- Exemption from foreign income tax
- Land and real estate ownership and rentership rights
- 90 days report not required
- No quota of hiring four Thais for every one foreign employee
- Wealthy global citizen: People with a high income of at least US$80,000 in income over the past two years and a minimum asset of $1 million
- Wealthy pensioner: Pensioners, age 50 and above, with a stable pension of at least $80,000 over the past two years
- Work-from-Thailand professional: Foreign workers with employers outside of Thailand, more than five years of working experience and make at least $80,000 over the past two years
- High-skilled professional: Professionals working in targeted industries such as future services, infrastructure buildings, logistical systems and digital systems who make at least $80,000 over the past two years