Thailand has introduced updates to its long-term resident visa program to attract foreign experts, investors, and executives, aiming to enhance the country’s talent pool and global competitiveness.
Recently approved by the cabinet, these changes expand the target sectors for highly skilled professionals beyond STEM fields to include areas such as development, sustainability, disaster, and risk management, according to the Thailand Board of Investment (BOI).
To increase accessibility for professionals in emerging industries, the requirement of a minimum of five years of work experience in a relevant field has been removed. Additionally, adjustments have been made to the financial criteria for visa applicants. The revenue threshold for companies allowing employees to work from Thailand has been lowered, while the minimum annual income requirement under the wealthy global citizens category has been eliminated. Instead, the focus has shifted to cumulative wealth and investments in the country.
A more inclusive and competitive approach is expected to strengthen Thailand’s role as a global hub for investment and skilled professionals. Ensuring smooth visa procedures is also considered essential for improving the ease of doing business.
Launched in 2022, the long-term visa program provides a 10-year residence permit, a digital work permit, and personal income tax benefits. More than 6,000 applicants have successfully obtained visas under this initiative, reflecting its growing appeal among international professionals and investors.
(Source: China Daily)
