Popular Post snoop1130 Posted June 5 Popular Post Share Posted June 5 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 1 1 1 9 Link to comment Share on other sites More sharing options...
Popular Post JoePai Posted June 5 Popular Post Share Posted June 5 You can't make this stuff up 2 1 4 Link to comment Share on other sites More sharing options...
Popular Post ChrisY1 Posted June 5 Popular Post Share Posted June 5 Electrocutions will continue......building will still fall down as will cranes.... 1 1 2 Link to comment Share on other sites More sharing options...
Popular Post Tropicalevo Posted June 5 Popular Post Share Posted June 5 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? 1 1 4 5 Link to comment Share on other sites More sharing options...
Popular Post redwood1 Posted June 5 Popular Post Share Posted June 5 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... 1 8 Link to comment Share on other sites More sharing options...
Popular Post timendres Posted June 5 Popular Post Share Posted June 5 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. 1 2 Link to comment Share on other sites More sharing options...
Popular Post neverere Posted June 5 Popular Post Share Posted June 5 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. 1 2 Link to comment Share on other sites More sharing options...
Popular Post AustinRacing Posted June 5 Popular Post Share Posted June 5 Do the figures include African/chinese/russian/east European scammers? That industry requires highly skillful, motivated, entrepreneurial, gutsy, ruthless qualities. 1 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted June 6 Popular Post Share Posted June 6 (edited) 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. Edited June 6 by hotchilli 3 1 2 Link to comment Share on other sites More sharing options...
hotchilli Posted June 6 Share Posted June 6 15 hours ago, JoePai said: You can't make this stuff up Thailand can and does.. almost daily. 1 1 Link to comment Share on other sites More sharing options...
Presnock Posted June 6 Share Posted June 6 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? Link to comment Share on other sites More sharing options...
damian Posted June 6 Share Posted June 6 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. 2 Link to comment Share on other sites More sharing options...
bob smith Posted June 6 Share Posted June 6 Thailand is a rolling comedy act! Hysterical. bob. Link to comment Share on other sites More sharing options...
Galong Posted June 6 Share Posted June 6 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. 1 Link to comment Share on other sites More sharing options...
2baht Posted June 6 Share Posted June 6 If numbers like this are required it illustrates just how difficult it is to train locals! Link to comment Share on other sites More sharing options...
tomazbodner Posted June 6 Share Posted June 6 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... Link to comment Share on other sites More sharing options...
john donson Posted June 6 Share Posted June 6 any worker is welcome as long as a thai can pay them a slave wage and make big profits 1 Link to comment Share on other sites More sharing options...
Captor Posted June 6 Share Posted June 6 Thailand - The hub of foreinger taxes. Good luck... Link to comment Share on other sites More sharing options...
watchcat Posted June 6 Share Posted June 6 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. 1 Link to comment Share on other sites More sharing options...
Purdey Posted June 6 Share Posted June 6 Let's avoid mentioning the possibility of raising the educational level of Thais. God forbid they could be given skills. Link to comment Share on other sites More sharing options...
trainman34014 Posted June 6 Share Posted June 6 And how many Thai Companies are going to pay Western pay rates for these 'Skills' ? Link to comment Share on other sites More sharing options...
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