No strings attached , Thailand’s Cabinet announced that the payment for a 10 year Long Term Resident visa would be halved from 100,000 baht to 50,000 baht to attract foreigners with ‘high potential’ to reside within the kingdom. Not only has the charge been reduced, but the eligibility criteria has turn into extra “flexible,” according to Deputy Spokesperson for the PM’s Office Ratchada Thanadirek. The Cabinet hopes the changes will enhance overseas funding and boost the economy in these early post-pandemic months.
The LTR visa is focused at four groups of foreigners: 1) rich foreigners 2) retirees 3) working foreigners and 4) specialists. All teams are welcome to convey their partner and up to 4 kids, so long as the youngsters are beneath the age of 20.
The groups have different requirements to get the visa…
Groups 1 & 2: Wealthy Foreigners and Retirees
Groups 3 & 4: Working Foreigners and Specialists
The changes will come into impact 90 days after the Cabinet’s official announcement in the Royal Gazette.
For information about retirement visas click right here.
SOURCE: Workpoint Today
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