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Bangkok, Thailand or Phnom Penh, Cambodia? contrasting 10-year visa policies

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The bordering nation has started a “My 2nd Home” program to promote foreign investment there. The program offers a “Golden Visa” with unlimited entry and exit, as well as additional perks, for ten years. The new 10-year visa from Cambodia seeks to rival that of Thailand. In 7 days, applicants will obtain their CM2H membership number; the visa application process takes 14 days. You Thai government officials had best pay attention!

The Golden Visa is intended for foreign professionals, but wealthy retirees will also be taken into consideration if they match the necessary investment requirements, according to a Cambodian official. The “My 2nd Home” Golden Visa requires applicants to be foreign investors with a minimum investment of $100,000 in Cambodia, possess a “real estate project” in Cambodia, and be citizens of a nation recognized by the government of Cambodia. Both academic credentials and language ability are not necessary. A foreigner can only apply for a Cambodian passport through this program. NO application fee is required.

Foreign investors will profit from participation in the Khmer Home Charity Association, which would grant them access to VIP medical care and insurance coverage.

The official “My 2nd Home” website for Cambodia provides information on how to submit an application for the Golden Visa. A 10 year visa with unlimited entry and exit from Cambodia is one of the perks of the program in Cambodia, which was approved by the Ministry of Interior. Another benefit is the opportunity to seek for Cambodian citizenship after 5 years.

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