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In 2021, Thailand visa is actually relatively easy for many tourists. However, due to the global epidemic, people are still relatively sensitive to outdoor travel and do not want to travel abroad because it is troublesome to travel back and forth. Here are some specific reasons and introductions.

According to Thai media, the Tourism Authority of Thailand proposed a comprehensive plan in 2021 to allow four target groups to live and work easily in Thailand for ten years at once. This is why the Tourism Authority of Thailand is tired of taking piecemeal measures to attract tourists while neglecting the long-term plan.

Yesterday, I made an enterprising proposal to Prime Minister Prayuth Chan-ocha during a video conference call. While the COVID-19 Management Center and the Cabinet will consider the proposal, the 10-year visa for key individuals is still in its initial stages, but it is a good visa option for many people who want to stay in Thailand for a long time.

The plan will allow some people to work in Thailand without a work permit, buy land and properties, pay a 17% tax rate on local income, and obtain a visa that can stay for up to ten years. The 4 proposed target groups are wealthy people, digital travelers, retired people and highly skilled people.

The Tourism Authority of Thailand aims to attract 1 million people and predicts revenue growth of 1 trillion baht as they target people they believe can contribute at least 1 million baht to the local economy every year. They also expect 10,000 foreign investors and 80,000 retirees to invest an additional 800 billion baht in Thailand.

In addition to the obvious economic benefits, Thailand hopes that the 10-year visa scheme will bring a large pool of talent to the country, attracting the wealth of knowledge, skills and abilities of experts and highly skilled foreigners who would otherwise be subject to more restricted visas. Few new residence policies attract people to Thailand. Of course, the government values ??the benefits of this plan, which expects 400,000 highly skilled workers to generate 500 billion baht in tax revenue.

10-year visa

So what are the specific rules and eligibility criteria? Here's a breakdown of each target group:

Affluent people

Thailand isn't looking for top billionaires here, they just want millionaires. In U.S. dollars, interested parties must have $1 million in assets and $100,000 in health insurance. They must have invested US$500,000 in real estate or Thai government bonds and earned at least US$80,000 in the past two years.

Eligible people will receive a 10-year visa and be allowed to purchase properties and land. They will be allowed to work 20 hours a week without a work permit. Foreign income is tax-free and local income is taxed at 17%. There is no age limit, but you must have investments, assets, a decent salary, and plans to travel to Thailand frequently.

Digital Travelers

Suitable for backpackers, laptops and bloggers. The proposal targets employees of multi-billion dollar companies, or stock traders in businesses with a turnover of at least $50 million in the past 3 years. To qualify, those must have a bachelor's degree and five years of work experience, an annual income of $40,000 (or $80,000 after two years) and $100,000 in health insurance.

Thailand hopes to attract people close to retirement age to join this category, but there is no age limit. People in this category can also get a 10-year visa, which allows them to work without a license, buy real estate and land, and be taxed at a 17% tax rate on local income.

Retirees

If you don’t need to work, have a lot of money, and have some gray hair, this plan may be suitable for you. This option is available to anyone age 50 or older with an annual income of $40,000 (or $80,000 over 2 years) and $100,000 in health insurance. They must prove they have a long-term pension and invest $250,000 in government bonds or real estate.

Like the wealthy, retirees will receive 10-year visas and be allowed to buy properties and land. They will work 20 hours a week without a work permit and pay a local income tax rate of 17%.

Technical Person

To fit into this category, a person needs to have abilities or skills that make them unique and valuable to Thailand. Professors, professional scientists or highly skilled workers in the field of industrial technology fall into this category.

They must pay US$40,000 per year or US$80,000 after two years, hold US$100,000 insurance like other target groups, and receive the same 10-year visa and other benefits as other target groups .

Highly skilled talents