Thailand approves long-term visas to attract one million wealthy foreigners

BANGKOK (The Nation/Asia News Network): The Cabinet on Tuesday (Sept 14) approved new visa and tax measures to attract “high-potential” foreigners, in a bid to boost Thailand’s Covid-hit economy.

The goal is to attract one million wealthy foreigners within five years, generating about 1 trillion baht of spending, 800 billion baht of investment and 270 billion baht in tax income.