Thailand aims to be global hub for skilled foreign workers

[snoop1130]

 

Thailand is aiming to enhance its global competitiveness by becoming a hub for skilled foreign workers, as part of a long-term strategy to drive and sustain economic growth.

 

Prime Minister Srettha Thavisin is spearheading this initiative by introducing a range of new visa types designed to attract international talent, according to government spokesman Chai Wacharonke. This announcement was made yesterday, June 4, highlighting the government’s commitment to positioning Thailand as a prime destination for skilled professionals.

 

Data from the Board of Investment (BOI) reveals that Thailand has already issued working visas and work permits to over 56,000 foreign experts involved in investment-promoted projects. Additionally, more than 4,000 long-term resident (LTR) visas have been granted.

 

The LTR visa holders include 791 from the US, 479 from Russia, 332 from the UK, 277 from China, 236 from Germany, 207 from Japan, and 198 from France.

 

Furthermore, there are 2,170 smart visa holders, who are skilled professionals and investors in key industries, as well as a startup group predominantly from the US, Russia, the UK, Japan, and Germany. These visas are part of a broader effort to attract high-potential foreigners, including specialists, work-from-Thailand professionals, high-income individuals, and retirees with their spouses or companions.

 

Chai emphasised that the LTR visa is pivotal in this strategy, allowing recipients to reside in Thailand for 10 years with unlimited re-entries and work permits. It also offers a significant reduction of up to 17% in personal income tax rates for specialists and extends the reporting period with the Immigration Bureau from every 90 days to once a year.

 

Destination Thailand

 

Adding to these efforts, the Cabinet is considering the introduction of a Destination Thailand visa (DTV) aimed at foreign nationals with digital skills. The DTV, expected to launch this month, is designed to attract more foreign talent to work and travel within the country.

 

To further facilitate the stay of foreign specialists, talents, and investors, the BOI has collaborated with the Immigration Bureau and the Labour Ministry to establish a One Start One Stop Investment Center (OSOS), Chai stated.

 

“The premier has given importance to attracting investment to boost the country’s competitiveness.

 

“He believes the effort to implement measures for spurring the economy and sustaining growth to align with current circumstances will serve as a tool to put Thailand on the investment map in the long run.”

 

The government’s proactive approach underscores its ambition to create a thriving environment for international professionals, thereby bolstering Thailand’s economic prospects and establishing it as a key player in the global market, reported Bangkok Post.

 

By Bright Choomanee

Picture courtesy of Etienne Girardet, Unsplash

 

Source: The Thaiger 2024-06-05

 

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[JoePai]

You can't make this stuff up    

[ChrisY1]

Electrocutions will continue......building will still fall down as will cranes....

[Tropicalevo]

2 hours ago, snoop1130 said:

Thailand is aiming to enhance its global competitiveness by becoming a hub for skilled foreign workers,

Who will all be taxed on overseas earning/income/investments?

[redwood1]

Man talk about beating a dead horse with the word "Hub"  Give it a bloody break....They never tire of using this dumb word...Endlessly...

[timendres]

1 hour ago, redwood1 said:

Man talk about beating a dead horse with the word "Hub"  Give it a bloody break....They never tire of using this dumb word...Endlessly...

 

The new hub of dead horse beaters.

[neverere]

7 hours ago, snoop1130 said:

 

Thailand is aiming to enhance its global competitiveness by becoming a hub for skilled foreign workers, as part of a long-term strategy to drive and sustain economic growth.

 

Prime Minister Srettha Thavisin is spearheading this initiative by introducing a range of new visa types designed to attract international talent, according to government spokesman Chai Wacharonke. This announcement was made yesterday, June 4, highlighting the government’s commitment to positioning Thailand as a prime destination for skilled professionals.

 

Data from the Board of Investment (BOI) reveals that Thailand has already issued working visas and work permits to over 56,000 foreign experts involved in investment-promoted projects. Additionally, more than 4,000 long-term resident (LTR) visas have been granted.

 

The LTR visa holders include 791 from the US, 479 from Russia, 332 from the UK, 277 from China, 236 from Germany, 207 from Japan, and 198 from France.

 

Furthermore, there are 2,170 smart visa holders, who are skilled professionals and investors in key industries, as well as a startup group predominantly from the US, Russia, the UK, Japan, and Germany. These visas are part of a broader effort to attract high-potential foreigners, including specialists, work-from-Thailand professionals, high-income individuals, and retirees with their spouses or companions.

 

Chai emphasised that the LTR visa is pivotal in this strategy, allowing recipients to reside in Thailand for 10 years with unlimited re-entries and work permits. It also offers a significant reduction of up to 17% in personal income tax rates for specialists and extends the reporting period with the Immigration Bureau from every 90 days to once a year.

 

 

Destination Thailand

 

Adding to these efforts, the Cabinet is considering the introduction of a Destination Thailand visa (DTV) aimed at foreign nationals with digital skills. The DTV, expected to launch this month, is designed to attract more foreign talent to work and travel within the country.

 

To further facilitate the stay of foreign specialists, talents, and investors, the BOI has collaborated with the Immigration Bureau and the Labour Ministry to establish a One Start One Stop Investment Center (OSOS), Chai stated.

 

“The premier has given importance to attracting investment to boost the country’s competitiveness.

 

“He believes the effort to implement measures for spurring the economy and sustaining growth to align with current circumstances will serve as a tool to put Thailand on the investment map in the long run.”

 

The government’s proactive approach underscores its ambition to create a thriving environment for international professionals, thereby bolstering Thailand’s economic prospects and establishing it as a key player in the global market, reported Bangkok Post.

 

By Bright Choomanee

Picture courtesy of Etienne Girardet, Unsplash

 

Source: The Thaiger 2024-06-05

 

Get our Daily Newsletter - Click HERE to subscribe

The article would be much improved by listing said skilled professions that are eligible. Without it is just another fluff piece.

[AustinRacing]

Do the figures include African/chinese/russian/east European scammers? That industry requires highly skillful, motivated, entrepreneurial, gutsy, ruthless qualities. 

[hotchilli]

16 hours ago, snoop1130 said:

Thailand is aiming to enhance its global competitiveness by becoming a hub for skilled foreign workers, as part of a long-term strategy to drive and sustain economic growth.

Attracting skilled migrant workers from neighboring countries because Thailands education programme is failing the country and cannot attract foreign businesses to invest in new production facilites due to a lack of appropriate skill sets.

Soon all Thais will either be in the tourism business, drug smuggling, Youtubers or influencers,  while foreign skilled labour will take over all commercial production. 

[hotchilli]

15 hours ago, JoePai said:

You can't make this stuff up    

Thailand can and does.. almost daily.

[Presnock]

17 hours ago, snoop1130 said:

 

Thailand is aiming to enhance its global competitiveness by becoming a hub for skilled foreign workers, as part of a long-term strategy to drive and sustain economic growth.

 

Prime Minister Srettha Thavisin is spearheading this initiative by introducing a range of new visa types designed to attract international talent, according to government spokesman Chai Wacharonke. This announcement was made yesterday, June 4, highlighting the government’s commitment to positioning Thailand as a prime destination for skilled professionals.

 

Data from the Board of Investment (BOI) reveals that Thailand has already issued working visas and work permits to over 56,000 foreign experts involved in investment-promoted projects. Additionally, more than 4,000 long-term resident (LTR) visas have been granted.

 

The LTR visa holders include 791 from the US, 479 from Russia, 332 from the UK, 277 from China, 236 from Germany, 207 from Japan, and 198 from France.

 

Furthermore, there are 2,170 smart visa holders, who are skilled professionals and investors in key industries, as well as a startup group predominantly from the US, Russia, the UK, Japan, and Germany. These visas are part of a broader effort to attract high-potential foreigners, including specialists, work-from-Thailand professionals, high-income individuals, and retirees with their spouses or companions.

 

Chai emphasised that the LTR visa is pivotal in this strategy, allowing recipients to reside in Thailand for 10 years with unlimited re-entries and work permits. It also offers a significant reduction of up to 17% in personal income tax rates for specialists and extends the reporting period with the Immigration Bureau from every 90 days to once a year.

 

Destination Thailand

 

Adding to these efforts, the Cabinet is considering the introduction of a Destination Thailand visa (DTV) aimed at foreign nationals with digital skills. The DTV, expected to launch this month, is designed to attract more foreign talent to work and travel within the country.

 

To further facilitate the stay of foreign specialists, talents, and investors, the BOI has collaborated with the Immigration Bureau and the Labour Ministry to establish a One Start One Stop Investment Center (OSOS), Chai stated.

 

“The premier has given importance to attracting investment to boost the country’s competitiveness.

 

“He believes the effort to implement measures for spurring the economy and sustaining growth to align with current circumstances will serve as a tool to put Thailand on the investment map in the long run.”

 

The government’s proactive approach underscores its ambition to create a thriving environment for international professionals, thereby bolstering Thailand’s economic prospects and establishing it as a key player in the global market, reported Bangkok Post.

 

By Bright Choomanee

Picture courtesy of Etienne Girardet, Unsplash

 

Source: The Thaiger 2024-06-05

 

Get our Daily Newsletter - Click HERE to subscribe

yessir and as they become tax residents, how are the Thai govt going to be able to entice  them to stay or more to come...still very few getting non-taxed ... aren't the govt agencies working together or what?

[damian]

What we need is a 'hub tracker'.

 

Someone who can keep track of all the hub announcements and track their implementation progress and performance. 

 

Full time opportunity.

[bob smith]

Thailand is a rolling comedy act!

 

Hysterical. 

 

bob.

[Galong]

Plan B would be to train Thais to do the job.  Oh wait, that would mean a revamping of the education system, resulting in a smarter voter. Politicians don't want that. 

[2baht]

If numbers like this are required it illustrates just how difficult it is to train locals!

[tomazbodner]

From news I can read that there are many skilled Filipino ladyboys expanding Thai economy around Nana area... with occasional expansion of business for the nearby hospitals treating both them and their local counterparts...

[john donson]

any worker is welcome as long as a thai can pay them a slave wage and make big profits

[Captor]

Thailand - The hub of foreinger taxes. Good luck...

[watchcat]

13 hours ago, neverere said:

The article would be much improved by listing said skilled professions that are eligible. Without it is just another fluff piece.

 

They can't because such people are not available according to the thai laws to foreigners regarding work pesrmission. "Stealing jobs" from thai even if they are to lazy to do them is forbidden.

[Purdey]

Let's avoid mentioning the possibility of raising the educational level of Thais. God forbid they could be given skills.

[trainman34014]

And how many Thai Companies are going to pay Western pay rates for these 'Skills' ?