Residency visa to lure ‘high-potential’ foreigners to Thailand gets Cabinet nod


BANGKOK (The Nation/Asia News Network): The Cabinet on Tuesday (Jan 18) approved in principle two moves to attract 'high-potential' foreigners to Thailand by offering them residency visas.

High-potential foreigners consist of four groups: wealthy global citizens, wealthy retirees, people who want to work from Thailand, and high-skilled professionals.

Under the first move, the Interior Ministry will issue eligibility rules for the long-term resident (LTR) visa. The LTR visa will cost Bt10,000 per year and be valid for five years, extendable by another five years.

It will cover the holder and up to four dependents (spouse and children aged under 21. Holders can apply for a Thai work permit.

Under the second move, the Labour Ministry will issue rules on five-year work permits for LTR visa holders who are employed or self-employed in Thailand.

Article type: free
User access status:
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Thailand , visa , residency

   

Next In Aseanplus News

All Singapore Covid-19 cases in April were of the Omicron variant, says its Ministry of Health
East Timor’s new president pledges stronger ties with China
Myanmar junta threatens to downgrade Australia ties over snub
Coronavirus: Hong Kong on track for 75 per cent of remaining 1 million eligible residents to get vaccinated with third dose
China could see more extreme weather events this rainy season, forecasters say
Federal Govt will ensure Sabah achieves its rights under MA63, says PM
Ringgit rebounds against US$ at opening
Childcare centres with more than four HFMD cases will be closed, says Melaka Health director
SEA Games 31: Vietnam and Thailand advance to dream men’s football final
China faces zero-Covid lockdown brain drain with visa inquiry spike

Others Also Read