Thailand will offer a 10-year visa to foreign professionals residing in the country starting in September to advance its economy and foreign investment, according to a government official.
Narit Therdsteerasukdi, the Thai Board of Investment deputy secretary-general, said the visa is targeted at “foreign human resources with high potential and skills,” particularly those with expertise in automobile, electronics, and biotechnology.
The long-term visa would also be available to foreigners working remotely in Thailand, as well as individuals with more than $1 million in assets and retirees with a stable pension.
Eligible applicants will receive a digital work permit and have their personal income tax reduced to 17 percent, as opposed to the current 35 percent, while businesses will be exempt from rules requiring the hiring of local people….