After the cupboard earlier this 12 months gave the nod to 10-year visas for promising foreigners, it has now halved the charge.
The cupboard agreed Tuesday to chop the long-term resident visa, aka LTR visa, charge from THB100,000 (US$2,900) to THB50,000 (US$1,400), in line with authorities spokesperson Rachada Dhnadirek.
The measure targets 4 eligible teams of international nationals: rich world residents, rich pensioners, professionals working remotely from Thailand, and high-skilled professionals. One qualifying visa holder can deliver of their partner and kids (not more than 4 kids who’re 20 or youthful). They may be capable of dwell in Thailand for as much as 10 years.
In accordance with the revised pointers, pensioners and rich foreigners, as an example, should have insurance coverage protection of at the very least US$50,000, to cowl medical charges, which is legitimate for at the very least 10 months, or a social safety certificates protecting their medical bills whereas in Thailand or a money deposit of at the very least US$100,000 in a home or a international checking account for 12 months earlier than making use of for the visa.
The international specialists should produce an employment contract from a enterprise in Thailand or overseas. They’re additionally required to provide proof that they’ve labored within the “focused industries” – comparable to protection, aerospace, vitality industries – and for at the very least 5 of the ten years previous to making use of for the visa.