Bangkok (VNA) - Thailand's Cabinet recently introduced updates to the qualifications, criteria, and conditions of the Long-Term Resident (LTR) Visa programme, aiming to attract a broader range of experts, investors, and executives to strengthen the country's foreign talent pool.
In a statement on January 15, the Board of Investment (BOI) said the minimum annual income requirement for Wealthy Global Citizens category applicants has been removed to prioritise the cumulative wealth and investments in Thailand, which are the core requirements for this category, aligning with the goal of encouraging greater foreign investment activity in the country.
Meanwhile, the corporate revenue requirement for overseas-based employers sponsoring an applicant has been lowered.
The rights for dependents of the principal applicant, to any of the four LTR categories have been expanded without a limitation on the number of dependents. The rights of the principal LTR holder will now include parents and legal dependents to enhance Thailand's appeal to families and ensure a welcoming and supportive environment for all.
BOI Secretary-General Narit Therdsteerasukdi stated that streamlined visa procedures are essential for facilitating business and expressed confidence that these changes will further enhance Thailand's position as a global hub for investment and talent./.
