The government aims to enhance the country’s global competitiveness by positioning itself as a destination for skilled foreign workers as part of a comprehensive strategy to drive and maintain economic growth.
According to government spokesperson Chai Wacharonke, Prime Minister Srettha Thavisin is leading efforts to raise Thailand to new levels by introducing various new visa options to attract international talent. Data from the Board of Investment (BOI) indicates that Thailand has issued working visas and work permits to over 56,000 foreign experts engaged in investment-promoted projects.
Among these, there are more than 4,000 long-term resident (LTR) visa holders, with a significant number from countries like the US, Russia, the UK, China, Germany, Japan, and France. Additionally, there are 2,170 smart visa holders, mainly skilled professionals and investors from key industries, as well as a startup segment, primarily comprising individuals from the US, Russia, the UK, Japan, and Germany.
Mr. Chai highlighted the importance of the LTR visa in attracting four key groups of foreigners: specialists, remote professionals, high-income individuals, and retirees with their partners. This visa permits a decade-long stay in Thailand with unrestricted re-entry and work authorization. It also includes a substantial tax reduction of up to 17% for specialists and reduces the reporting frequency with the Immigration Bureau to once a year.
Furthermore, the government is considering introducing a “Destination Thailand visa” (DTV) tailored for foreign individuals with digital skills to encourage more international talent to work and explore Thailand. The launch of DTV is anticipated later this month.
To streamline the process for foreign specialists, talents, and investors staying in Thailand, the BOI, Immigration Bureau, and Labor Ministry have collaborated to establish a One Start One Stop Investment Center (OSOS).
Mr. Chai emphasized the Prime Minister’s commitment to attracting investments to enhance the country’s competitiveness. He believes that implementing initiatives to support the economy and foster growth according to present circumstances will position Thailand prominently on the global investment landscape in the long term.
