The Thai Government is trying to attract foreign investors whose cash inflows would strengthen the economy. One economic incentive is a ten-year visa, available not only to applicants but also to their families.
The representative of the Thai government, Tanakorn Wangbunkongchana, says that incentive measures will help attract expats who, if they have a visa, will be able to choose a fixed income tax rate. For foreign citizens, it will be 17%.
To attract wealthy investors and specialists, the government has developed several packages with the requirements that will allow expats to obtain a ten-year visa:
- Investments for any age group in local bonds or housing stock in the amount of $500,000 or more.
- Investments in real estate or assets of the country for pensioners for more than $250,000.
- Highly qualified or remote specialists.
Each group has special annual income requirements. It is defined by regulations. A certain amount of health insurance is also required.