June 6 2024

Thai Government Launches New Visas to Attract Global Talent

The Thai government has initiated a strategic plan to transform Thailand into a hub for skilled foreign workers, enhance its economic competitiveness, and ensure sustained growth. Led by Prime Minister Srettha Thavisin, the initiative will lead to the introduction of several new visa categories to attract global talent.

Official data from the Board of Investment (BOI) reveals that Thailand has issued working visas and work permits to over 56,000 foreign experts engaged in projects that promote investment. Moreover, the Long-Term Resident (LTR) visa program now boasts over 4,000 holders from diverse countries, including the US, Russia, the UK, China, Germany, Japan, and France. This particular type of visa is designed for specialists, remote workers, wealthy individuals, and retirees with companions, offering perks such as a ten-year residency, substantial tax reductions for specialists, and less frequent immigration check-ins.

Government Spokesperson Chai Wacharonke revealed that there are currently 2,170 individuals with smart visas, attracting skilled professionals, investors, and entrepreneurs in key sectors, predominantly from the US, Russia, the UK, Japan, and Germany.

According to Chai, the forthcoming “Destination Thailand Visa” (DTV), slated for launch this month, is also expected to draw even more foreign nationals with digital skills, further enhancing Thailand's appeal as a destination for professionals.

To facilitate the arrival and integration of foreign talent, the BOI has collaborated with the Immigration Bureau and the Labor Ministry to establish the One Start One Stop Investment Center (OSOS) to simplify administrative procedures for foreign specialists and investors.

Source: The Government Public Relations Department