Several incentives approved to attract long-staying foreign investors, wealthy foreigners

[snoop1130]

 

Today (Tuesday) Thailand’s cabinet approved, in principle, a measure to attract “high potential” foreigners, including wealthy retirees and specialists, to stay long term in the country in a bid to promote foreign investment and to improve the struggling economy.

 

Government spokesman Thanakorn Wangboonkongchana said that Thailand has set a target to attract as many as one million of these classes of foreigners in the next five years, with an expectation that their spending and investments during a five-year period will inject one trillion baht into the Thai economy, including about 800 billion baht in foreign investment and 270 billion baht in taxes.

 

He also said that the arrival of foreign experts, attracted by this measure, will help strengthen the private business sector, which the government aims to promote, including industry, services, infrastructure and logistics, in line with the 20-year national strategic plan.

 

Full Story: https://www.thaipbsworld.com/several-incentives-approved-to-attract-long-staying-foreign-investors-wealthy-foreigners/

 

-- © Copyright Thai PBS 2021-09-14

 

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[johng]

From the Thai PBS page   this old chestnut again !!

 

"Thanakorn said that laws and regulations regarding land ownership will also be amended to attract foreign investors"

[bang saen guy]

Is this the Indians they are expecting by the millions 1 October?

[Crossy]

The problem is of course, that despite being a known "expert" (I hate that word - X is an unknown and a spurt is a drip under pressure) in my field and having been here since 2004 I don't fit any of their requirements.

 

Oh well, I'll just carry on as I have in the past.

[Lingba]

give us your money...oh please we want your money...we dont crae about anything else..just give us your money so we can scam you in the end

[HAPPYNUFF]

Only one million??,, I would have thought at least a squillion zillion.

[fangless]

"To attract these high potential individuals, a new long-term resident visa or smart visa will be issued, under which they will be granted some privileges, such as not being required to notify Thai authorities every 90 days."

 

Does that that mean that the "these high potential  individuals" don't commit crimes so therefore they don't need to report every 90days?

 

[Almer]

Im lacking in all there requirements, but i spend my pension here and keep out of trouble, and help the needy in the village if that counts for anything.

[Mickmouse1]

Most ASEAN  countries grant investors tax holidays ,of course it depends on the type of investments but how did this SPARKY get his 270 BILLIONS from ?????????????????????

[richard_smith237]

They didn’t really think the numbers.. 

 

1 million foreigners.... 1 trillion baht over 5 years. 

 

Thats only 1 million baht per foreigner over 5 years. 

(1,000,000 foreigners x 1,000,000 baht = 1,000,000,000,000 Baht (1 trillion).

 

 

“Hey Noppachai.. look, big numbers, we can pay for our Mia-noi’s now’.... 

“Good Man, Thanakorn, lets make an announcement, we can start a ‘scheme’... later we can announce a hub, then once we have their money, we can announce a crack-down'

[Shuya]

13 minutes ago, snoop1130 said:

approved, in principle,

aka when hell freezes over

[HOAX]

A few hundred Chinese who has escaped the CCP and somehow managed to take with them some of their billions, otherwise no one else.

 

In a few years they'll be extradited back to China when the CCP tells Thailand to do so.

[Will B Good]

Several incentives approved to attract poverty stricken UK expats trying to survive on one of the poorest OAP in the developed world.

 

That's the headline I'm waiting for.

[Gold Star]

Before they can think of attracting more people to Thailand, they must stop pushing the existing foreigners away.  I'm ready to spend a lot more here on real estate and vehicles here, but am unsure due to the instability.  

 

First, they must stop the shifty and changing government policies, corruption, insane immigration requirements and reporting, questionable property ownership, difficulties getting money out of Thailand, government involvement preventing the delivery of proper health care, and many others to name a few.

[Forrests Father]

TAT trying to attract HiSo tourists with a new initiative every week. Immigration and parliament trying to attract HiSo taxpayers with a new initiative each month. Thailand is getting desperate 

[Tanomazu]

Oh those "xenophobic" Thais, will they ever stop making it easier for foreigners to live in Thailand?

 

 

[humbug]

"including industry, services, infrastructure and logistics, in line with the 20-year national strategic plan."

 

there you go, every country alligned with china signs up to 20 or 25 year national strategies

 

and who are mostly winning all the infrastructure and logistics contracts? big surprise China, looks like the eec lands will be turned into little china lands, all under the 20 year national

strategy, and anyone locals complaining about land rights to chinese, they will point to these public relations articles, where states only billionaires welcome, only the very elite own land somchai, don't worry

 

every one else will have to jump through thousands of hoops, but who cares, when they been cudling with china for chinas benefit, who return with lots of money for the top tier laundered through the chinese financial system

 

 

[Caldera]

I think Thailand has pretty much maxed out attracting all those foreigners who find Thailand attractive in one way or another.

 

Those who have wanted to stay have always found a way. Others cannot be lured in anywhere near the numbers they are dreaming up, no matter how much lipstick they put on the pig.

 

It's fascinating to watch. But really, for almost anyone who will meet their new criteria, there are better places.

[Mavideol]

27 minutes ago, johng said:

From the Thai PBS page   this old chestnut again !!

 

"Thanakorn said that laws and regulations regarding land ownership will also be amended to attract foreign investors"

heard that land ownership story last year and 2 years ago as well, it comes in circles, they are just venting their usual blaaaablablaaaaaa.... if and a big if they allow for foreigners to own land then Thailand will not longer belongs to Thailandese but to the Chinese  555

[khunpa]

Corruption, Education, Language skills and Political stability is just some of the factors wealthy investors look at, before they throw big money at something.

 

Any “wealthy” person can just right now buy an Elite visa, if they want to

stay here. But it is a completely different thing and other factors that apply, if you want to invest in property or setup a company.

 

I think they need to lower the bar, if they want to attract more foreign investment. Or at least fix the fundamental factors that makes people want to take the investment risk.

 

 

[humbug]

7 minutes ago, Tanomazu said:

Oh those "xenophobic" Thais, will they ever stop making it easier for foreigners to live in Thailand?

 

 

it's the chinese/thai who have closed the shop door on all other foreigners or mix to own land or have any rights similar to the chinese thais, they are worse than the islamic communities, notice how any land which is privately available in Bangkok is owned by chinese/thais but not malay/thais, not mynamar/thai, and a few indian/thai

 

it's what the chinese do, any competitor races or mix race cultures, they work in the background through their 'influence' which are multitude for this reason, in the halls of power, and make it impossible for other cultures to get their foot in the door

[khunpa]

7 minutes ago, Caldera said:

I think Thailand has pretty much maxed out attracting all those foreigners who find Thailand attractive in one way or another.

 

Those who have wanted to stay have always found a way. Others cannot be lured in anywhere near the numbers they are dreaming up, no matter how much lipstick they put on the pig.

 

It's fascinating to watch. But really, for almost anyone who will meet their new criteria, there are better places.

Completely agree. There are so many other and much more trouble-free countries to invest in. 

[Mavideol]

37 minutes ago, snoop1130 said:

Government spokesman Thanakorn Wangboonkongchana said that Thailand has set a target to attract as many as one million of these classes of foreigners in the next five years

with the mumbo jumbo government they have ???? nothing is going to happen

[humbug]

2 minutes ago, khunpa said:

Completely agree. There are so many other and much more trouble-free countries to invest in. 

it will only get worse with the chinese/thai 20 year strategy

 

no need to be sucked into it

 

 

[Will B Good]

Okay, foreign investors maybe, but wealthy individuals?

 

If I were wealthy I might well spend a proportion of my life here, but invest? No way Guieseppe 

[tonray]

If you go back thru all those 'How much do I need to live in Thailand ?" threads....many members here claim to freely spend several hundred thousand baht per month...that must be the ones they are after. (????????????????)

[Tanomazu]

21 minutes ago, humbug said:

it's the chinese/thai who have closed the shop door on all other foreigners or mix to own land or have any rights similar to the chinese thais, they are worse than the islamic communities, notice how any land which is privately available in Bangkok is owned by chinese/thais but not malay/thais, not mynamar/thai, and a few indian/thai

 

it's what the chinese do, any competitor races or mix race cultures, they work in the background through their 'influence' which are multitude for this reason, in the halls of power, and make it impossible for other cultures to get their foot in the door

Worse than islamic countries like Malaysia, the only one in SE Asia that allows foreigners to own land? Okay.

 

Given that 40% of Thais have some Chinese ancestry it's hardly surprising that Chinese are as a big a number in real estate as they are in other business or politics.

 

You probably have a point about Chinese practices, but it doesn't look like the Thais are closing the shop door on foreigners. Okay, no land ownership officially, but we all know how rigorously that's enforced, ie not at all.

[JustAnotherHun]

Investor visa and similar regulations are no new idea. Canada, Australia, NZ has them and afaik US too. Malta and Cyprus attracted many rich Russians the same way.

For us westerners it's not of much interest but I think we are not the target group. They want Chinese and Indians and for them it could work, depending to the conditions.

[Raymonddiaz]

2 hours ago, fangless said:

"To attract these high potential individuals, a new long-term resident visa or smart visa will be issued, under which they will be granted some privileges, such as not being required to notify Thai authorities every 90 days."

 

Does that that mean that the "these high potential  individuals" don't commit crimes so therefore they don't need to report every 90days?

 

90 days reporting is an archaic law that need to be amended as soon as possible. This will only happen when all dinosaurs are gone.

[Emdog]

"What am I? Chopped liver?" apparently the answer is "yes"