The Kingdom of Thailand is now accepting applications from foreign nationals for its brand-new long-term visa.
Those who are granted the 10-year visa will be eligible for a number of privileges, such as repeated re-entry and expedited processing.
However, in order to be granted this visa, candidates must first satisfy certain requirements that determine their eligibility for the program.
These are the four categories:
- A high-income individual is someone who has earned at least $80,000 in the last two years and has a $500,000 investment in the country.
- Individuals who have retired and have an annual personal income of at least $80,000 are also eligible for the visa.
- Those with at least five years of experience and who work for a legally registered company with a $150,000 annual revenue.
- Experts of a foreign nationality who earn at least $80,000 per year and have at least five years of work experience in the target industry.
In addition, the cost of applying for a visa was recently cut in half, from 100,000 Baht to 50,000 Baht, in an effort to entice a greater number of foreign investors.