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Cabinet approves plans to attract long-stay foreigners to Thailand


snoop1130
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The visa fee is 10,000 baht per year for each applicant. They will be required to report to authorities once a year to confirm their place of residence.

 

Not so bad.

 

The visa type can be changed in accordance with immigration rules.

 

This means de facto no investment security for 10 years

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Those who obtain the certificate can apply for long-term residence visas for up to ten years for themselves and their escorts.

 

This would be good for married pensioner couples if they no longer had to freeze 2*800K in the bank for 5 months.

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2 hours ago, Chelseafan said:

So 10 years max for pensioners? What then ?

Nice headline but as always lacking detail....

 

... i.e.: the price for this kind of visa. I guess not cheap.

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As usual the devil is in the details; which are sparse in this announcement. 

 

If indeed a pensioner can get a 10 year visa that could positively impact a lot of average people who might be more inclined to retire or at least spend 6 or more months a year in Thailand.  But what is considered an adequate pension income?   In Jan 2022 the average social security in USA is $1657 a month.  There are many many people who could live just fine in Thailand for that amount.  Especially if they were allowed to buy into the Thai public health care system and think more with their big head than the little one.

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3 hours ago, cheapcanuck said:

There would need to be some juicy nuggets in that visa to get people to buy into it. 5 year visa with a 5 year extension is not that nugget.

Besides, in the land of the flip flop, who would be crazy enough to get a visa that will be cancelled or altered two years in?

Having paid 10,000 baht for it...

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5 minutes ago, StayinThailand2much said:

But Thailand doesn't want those. They try for the wealthy. A bit like if the average Asean Now member were wooing Kim Kardashian...

As mick said:  "You can't always get what you want, but if you try sometimes you get what you need"

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Old news. Just go to any Thai Embassy website and you’ll see the 10 year “O-X” Visa listed.

I was issued an O-X Retirement Visa in October 2019. 

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