Picture: On July 18, 2022, a foreign teacher was attending class at Wat Bang Phli Yai School in Samut Prakan Province.
Following Singapore and Malaysia to launch more new visa policies in order to use immigration channels to promote economic development. Thailand is also laying the red carpet for foreigners and joining the "snatch people" war.
According to Chayotid Kridakon, adviser to Thailand, top professionals, eligible high net worth individuals and high-income retirees can apply for a 10-year visa (LTR) in Thailand starting from September 1.
The Thai government has set a goal to attract 1 million wealthy or foreign experts over the next five years.
, which was previously announced and officially launched on September 1, aims to welcome foreign tourists to return to Thailand based on the post-epidemic recovery. The tourism industry accounts for about 12% of Thailand's GDP.
The initiative to mine remote talents reflects the measures taken by countries including Singapore, Malaysia and the UAE, which boosts the expected economic growth this year by 3.3%, which is the most basic growth rate in the region.
Although the target audience is quite small, the Thai government still believes that the LTR visa will generate an annual income of one trillion baht from the investment, purchase of property and consumption of these wealthy expatriates. This will drive the economic growth expectation of 4.2% next year.
The Thai government also hopes that in addition to boosting the economy directly from the pockets of foreigners, the new LTR visa will attract enough talents to push Thailand to the forefront of emerging markets such as electric vehicles , digital technology and smart electronic products. "The epidemic has disrupted the laws of traditional workplaces, introduced flexibility in workplaces and scope, and there are still a handful of countries that have taken advantage of this transformation by providing attractive long-term residence rights," said Radhika Rao, an economist at DBS Bank Ltd. in Singapore.
"These countries aim to increase the country's talent pool through such specific groups of immigration and boost the economy from incremental demand," she said.
The following are some of the main benefits of Thailand's 10-year visa:
- 10-year renewable visa;
- multiple re-entry permits;
- permits to work in Thailand;
- personal income tax rate for high-skilled talents is 17%;
- overseas income is exempt from tax; the spouse and children of visa holders of
- will enjoy the same benefits, covering up to 4 family members;
- exempts the employment requirements of 4 Thais from 1 foreigner;
- enjoys fast-track service at international airports in Thailand;
- provides immigration and work permit services in one stop.
Picture: Thailand is becoming more and more shared office spaces to meet the needs of digital homeless people and remote workers in Phang Nga Island, Surat Thani Province, on the beach.
Related news: Singapore promotes "top specialists" long-term work visas to solve the problem of talent shortage.
After the epidemic in Singapore, they rob money and people, and the real version of Winning is a big deal. In order to seize the world's top talents, it has even spared no expense. The latest top professional pass has been launched, which is suitable for high-income talents in any industry: 1. A company that has been working in the past year or is about to work, with a monthly salary of at least S$30,000 (equivalent to US$21,000); 2. A company that has been working in or is about to work has a market value of at least US$500 million, or an annual income of US$200 million; 3. Valid for 5 years, you can bring your family.
□Source: Siambird® (siambird) Editorial Department Produced by © Infringement will be prosecuted
