Cabinet approves new visa for wealthy foreigners | ThaiEmbassy.com
New regulations aimed at attracting wealthy individuals, retirees, teleworkers, and experts have been approved by the Cabinet in an effort to boost the economy and investment in Thailand. The new regulations target foreigners with substantial assets, affluent retirees, and skilled professionals.
Taiguo.Source date 2 min read
Adapted from ThaiEmbassy.com (Siam Legal). Any first-person experiences in this article belong to the original author.
New regulations to attract wealthy individuals, pensioners, remote workers and experts have been approved by the Cabinet in order to boost the economy and investment in Thailand.
The new regulations target foreigners with enormous wealth, wealthy pensioners, highly skilled professionals, and foreigners who wish to work from Thailand.
Long-term residence permits (LTR visas) will be offered, allowing applicants to include up to four family members, including adult children. This was announced by the Ministry of the Interior; the requirements will be determined by the Investment Committee.
The visas are valid for five years and can be extended for up to five additional years, for a maximum validity period of ten years. Visa holders pay an annual fee of 10,000 baht. They can then apply for a work permit.
Anyone who owns their own business can apply for a work permit for up to five years, which can be extended by up to five years at a time.
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SourceThaiEmbassy.com (Siam Legal)
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