Probably the most expensive Work Permit on the planet. The Thai authorities is considering offering work permits to foreigners who invest at least US$1 million in Thai property or companies. The Centre for Economic Situation Administration has accredited a proposal to grant work permits to eligible Elite Card holders. In order to qualify, they should have the top-tier Thailand Elite visa card, which prices 1 million baht and is valid for 5 years. They should also be prepared to invest their funds for no less than 5 years.
The governor of the Tourism Authority of Thailand, Yuthasak Supasorn, says it’s hoped the transfer will enhance international investment within the Kingdom. It’s hoped the plan could generate 31 billion baht for the financial system, 1 billion of which might come from Elite card charges, with the remainder being generated by overseas investment.
PM Prayut Chan-o-cha has instructed the TAT and the Foreign and Interior Ministries to work together on the proposal, before submitting it to Cabinet for ultimate approval.
The CESA has also accredited the proposed partnership between the TAT, Thai Airways, and local hotels, by which tourism packages inclusive of quarantine, can be offered to foreign arrivals. It’s understood the packages shall be obtainable from December 1 until March 31 subsequent yr. Gift is concentrating on 2,000 guests, producing income of 200 million baht each month.
Just another ‘proposal’ we have to maintain track of because the visa scenario in Thailand turns into more and more advanced..
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