Thailand changes visa rules, know what the new rules are?
Thailand has announced major changes to its visa rules. According to reports, these changes have been made to attract more skilled professionals, investors and wealthy foreigners and to 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 permits will become easier in Thailand. After the new rules, the minimum income condition for the wealthy Global Citizen category will also be abolished.
There will be no restrictions
After the recent update, long-term resident visa holders will now get more flexibility with regard 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 a 10-year residence tenure, tax benefits and a wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital work permit, among other benefits. The program was aimed at accelerating the recovery of the post-pandemic economy. Over the past three years, the corporate revenue requirement for international companies sponsoring visa applicants has dropped from US$150 million to US$50 million.
BOI Secretary General issued a statement
BOI Secretary General Narit Therdsteerasukdi said, "These changes have been made to attract more investment and high-potential talent to the country. We are promoting the importance of quick visa processes to facilitate company operations in the country."
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