Cambodia has launched a “My 2nd Home” programme to encourage foreign investment in the country. The programme features a 10 year long “Golden Visa” with unlimited entry and exit and other benefits. But how does it compare with Thailand’s 10 year Long Term Resident visa?

 

Applicants for the “My 2nd Home” Golden Visa must be a foreign investor with an investment capital of no less than $100,000 in Cambodia, own a “real estate project” in Cambodia and be a citizen of a country recognised by the Cambodian government. No academic qualifications or language proficiency are required. There is no application fee.

 

Benefits of Cambodia’s programme, approved by the Ministry of Interior, include a 10 year visa with unlimited exit and entry to Cambodia and an option to apply for Cambodian citizenship after 5 years. The programme is the only way for a foreigner to apply for a Cambodian passport. Foreign investors will benefit from Khmer Home Charity Association membership which will give them access to insurance coverage and VIP medical treatment.

 

 

read more https://www.khmertimeskh.com/501108375/cambodia-goes-head-on-with-thailand-in-implementing-10-year-golden-visa/

 

No academic qualifications or language proficiency are required?

 

Money rules instead of abilities.....