Thailand Easing Visa Rules in Aim to Draw 1 Million Foreigners
- Targets are rich people, retirees, remote or skilled workers
- Thai government expects increase in investment, tax revenue
A monk at the deserted viewing platform at Wat Suthep in Chiang Mai, Thailand, on Sept. 9.
Photographer: Luke Duggleby/BloombergThis article is for subscribers only.
Thailand aims to attract 1 million “high-potential” foreigners through an overhaul of visa rules that will boost investment and help the tourism-dependent economy, the government said.
The Cabinet approved the easing of the country’s immigration policies to attract more long-stay foreigners, government spokesman Thanakorn Wangboonkongchana said on Tuesday. Target groups include high-net-worth individuals, retirees, remote workers and skilled talent in sectors such smart electronics and robotics.