The Cambodian and Thai golden expat visas are very different

[geovalin]

The recently-confirmed 10-year visas for Thailand and Cambodia have sparked considerable debate about the similarities, real or imagined. The Cambodian My Second Home (CM2H) program was formally launched publicly at Phnom Penh’s five-star Sofitel hotel on July 22 and was attended by senior government figures including the director general of immigration.

 

This incidentally demolishes the idea, favoured on some Cambodian social media sites, that the whole thing is a scam. We now know for sure that the scheme is organized by the private sector but supported by state agencies. The authorities in both Thailand and Cambodia are keen to attract rich executives, experts, entrepreneurs, the idle-rich and even retirees provided they are willing to invest mega cash on an ongoing basis.

 

The Thai rules for a Long Term Visa (LTR) vary somewhat according to category, but anyone with less than one million US dollars, or equivalent, to spare is unlikely to survive the qualifying rules. The scheme is fronted by Thailand’s business-orientated Board of Investment. CM2H specifically mentions a cash investment of $100,000 although it appears that registration charges of several kinds might almost double that figure.

 

read more https://www.khmertimeskh.com/501127275/the-cambodian-and-thai-golden-expat-visas-are-very-different/