Good luck with that. I'm a Brit but after Barclays kicked me out I don't have a UK bank account. How are they going to trace me - black magic? Dowsing rods?
Including all the LTR categories, there have only been 6,000ish visas issued in 28 months (from Sept 22 until Dec 2024).
If it wan’t declining, there would be no need to ease the requirements.
“As of the end of 2024, the BOI has already granted LTR visas to more than 6,000 applicants. Europe leads the list with 2,500 recipients, followed by the United States (1,080), Japan (610), China (340), and India (280).”
https://www.prnewswire.com/apac/news-releases/thailand-approves-update-of-long-term-resident-ltr-visas-criteria-and-conditions-to-attract-a-wider-range-of-foreign-experts-investors-and-executives-302351256.html#:~:text=As of the end of,to more than 6%2C000 applicants.
Thailand desperately needs people to buy all the unsold condos and many more are still under construction.
“In 2023, the unsold units of residential real estate in the eastern region of Thailand grew by approximately 14.3 percent compared to the previous year. In that same year, the number of unsold residential units in the country amounted to over 356.77 thousand units.”
https://www.statista.com/statistics/1290951/thailand-growth-of-unsold-residence-units-by-region/
In Bangkok alone, there were approximately 85,000 unsold condos as of mid 2023 and there are countless projects still under construction and the sales have actually slowed down since then.
https://www.bangkokpost.com/property/2928811/condo-market-subdued-in-q4
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