Welcome to Thailand.

The country is welcoming foreigners as part of the efforts to reboost the Thai economy. This can be seen from some plans that the government is taking.

REvisions for foreigners to invest or buy condos in thailand

The Board of Trade of Thailand is calling for revisions to the restrictions and processes for foreigners to buy condominiums and invest in the country if Thailand is planning to attract wealthy pensioners.

Efforts or plans:

  • Revision on the money transfer procedures as the current procedures are unnecessarily complex.

  • Setting up a service centre for long-term residents to help them clear all the complexities and hurdles for foreigners to buy and invest in Thailand.

  • Suggestions on increasing the amount of medical support (for attracting older foreigners).

The government’s overall plan aims at bringing in 1 million foreigners, each of which is expected to spend 1 million baht per year to generate 1 trillion baht annually.

Source: thethaiger.com

FLEXIBLE PLUS PROGRAMME

Thailand approves USD 2.8 billion more economic support. Among the relief measures, the government approved a plan to allow foreigners on special visas to join a “Flexible Plus Programme” and seek work permits. Under the programme:

  • Participants will be required to invest at least USD 1 million within a year after registration.

  • The investments will be limited to real estate, public limited companies, stock exchanges, common stocks, bonds and any investment units authorised by the Securities and Exchange Commission.

  • Holders of Thailand Privilege Card, including their spouses and children younger than 20 years old, will be eligible for a so-called “Smart Visa” for temporary residency valid for 5 years. The visa is renewable throughout the duration of their investments in Thailand.

The Tourism Authority of Thailand expects this campaign to attract 10,000 high income foreign investors, and inject some 300 billion baht into the Thai economy.

Source: www.traveldailymedia.com , www.thainews.prd.go.th

business-friendly environment and A suite of benefits

Thailand, through the Board of Investment, offers a suite of benefits for companies and assists them with a range of facilitation programs. The aim is to ease the process when investing. In fact, Thailand is ranked 21st in the World Bank's Global Ease of Doing Business Index 2020.

Apart from its business-friendly environment, here are some advantages that Thailand offer, to reassure the security and continuity of businesses even in challenging times:

  • Thailand is a key player in global supply chains.

  • Its world-class infrastructure (for road, sea, air and rail) makes the country a strategic distribution hub and perfect international headquarters for businesses.

  • With innovation infrastructure, it helps in nurturing investments in breakthroughs from research and development to commercialisation.

  • Friendly working environment complemented by a local talent pool with diverse skills.

  • Vibrant lifestyle and high standards of living at a reasonable cost.

  • Thailand builds on its ecological advantages for Bio Circular Green economy, in line with Environmental, Social and Governance (ESG) initiatives.