
Thailand New Visa Rule: Thailand has announced major changes in its visa rules. According to reports, this change has been made in an initiative to attract more skilled professionals, investors and wealthy foreigners and make it easier for them to obtain long-term residence permits.
According to reports, these changes have been approved by the cabinet. With this, long term resident permit in Thailand will become easier. After the new rules, the minimum income requirement for the rich global citizen category will also be abolished.
there will be no restrictions
Following the recent update, long-term resident visa holders will now have more flexibility in relation to dependents. Earlier only four dependents were allowed, but now under the updated rules, there will be no restriction on the number of dependents, including parents and other legal dependents, who can accompany visa holders. This adjustment has been made to promote a more inclusive environment for foreign residents.
Thailand’s long-term resident (LTR) visa scheme was first introduced in 2022. Under this scheme, the visa holder gets 10 years residence tenure, tax benefits and digital work permit, among other benefits. The goal of this program was to accelerate the recovery of the economy after the pandemic. The corporate revenue requirement for international companies sponsoring visa applicants has dropped from US$150 million to US$50 million over the past three years.
BOI General Secretary issued statement
BOI Secretary General Narit Therdsteerasukdi said, “These changes have been made to attract more investment and high-potential talent to the country. We also promote the importance of expedited visa processes to facilitate company operations in the country.” “Giving.”