The most boiling news in Thailand recently is the Thai government's promulgation of a 10-year long-term visa program for foreigners.
The plan aims to attract high-net-worth individuals from all over the world to Thailand to invest in Thailand and obtain the right to stay in Thailand for a long time. You can also enjoy the following benefits:
① The visa is also applicable to accompanying spouse and children
② No work visa is required to work in Thailand
③ Exemption from personal income tax of foreign countries
④ Obtain ownership and lease rights of land or real estate
⑤ No need to report to the Thai Immigration Bureau for more than 90 days
With such heavy benefits, this is unprecedented in Thailand's visa policy.
Recently, this policy has made new progress!
According to Thai media reports, Thai Prime Minister Prayut approved a plan to attract foreign investors through Thailand's 10-year long-term visa on December 3.
The 10-year visa program is aimed at four types of foreigners: wealthy citizens of the world, wealthy retirees, people working in Thailand or cross-border remote work in Thailand, people with a stable foreign income, and high-tech professionals.
It is reported that the measures approved by Thai Prime Minister Prayut include:
① Provide economic and investment incentives for foreigners with great potential
② Measures to promote investment in cloud service companies
③ Measures to promote investment in technology companies and start-ups
④ Measures to attract foreign film production companies to Thailand
10 year long-term visa benefits analysis
For foreigners, being able to "acquire the ownership of land or villas with land in their own name" in Thailand is a major breakthrough.
Because according to the previous Thai law, foreigners cannot buy land or hold villas in their own name, and the share of shares purchased in the name of a company cannot exceed 50%. This actually restricts many foreigners who want to buy land or villas in Thailand. Buyers.
Thailand's 10-year long-term investment visa policy has opened up VIP channels for these people, which is a major benefit.
If the Thai government estimates that 1 million high-net-worth individuals will come to Thailand in the next five years, and these people have the ability to buy land or villas, it will inevitably promote a wave of Thai land or villa growth in the future. Thailand's GDP is also expected to rebound.
Thailand's economic stimulus plan by attracting high-level talents and foreign investment is a bold attempt on the whole. The Thai government will also evaluate its results and impact every five years.
Therefore, such an attractive policy will not rule out the possibility of raising the threshold and suspending tightening in the future. If you are interested in Thailand, you may wish to apply for a try!
In addition to the "Thailand 10-year long-term visa", the ultimate choice for long-term residence in Thailand is the "Thailand Elite Visa".
Foreigners who obtain this elite visa can not only obtain the right to stay in Thailand legally for a long time, but also enjoy many special care in visa services, airport services, advanced fitness and entertainment, and countless VIP services.
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