Thailand’s Cabinet has approved what is arguably the biggest shake up regarding immigration policy and the rules on foreign land ownership in more than forty years.
On Tuesday (Sept 14) the Cabinet gave the green light for Thailand to offer 10 year visas in a bid to attract so-called ‘wealthy foreigners’ to relocate to the country.
Dr. Thanakorn Wangboonkongchana, a spokesman for the Prime Minister’s Office, disclosed that the Cabinet has approved in principle a host of economic and investment stimulus measures aimed at attracting high-potential foreigners to Thailand for long-term stay.
The government hopes the newly approved measures, which were first mooted back in April, will achieve three goals.
1. To attract more than 1 million foreigners to stay in Thailand as long term expats with a focus on targeting four specific groups: