Press "Enter" to skip to content

Prime Minister Srettha Thavisin’s Bold Move: New Visas to Attract Global Talent and Boost Thai Economy

Order Cannabis Online Order Cannabis Online

The government is setting its sights on transforming the country into a magnet for skilled foreign workers, as part of an ambitious strategy aimed at spurring long-term economic growth. On Tuesday, Government spokesman Chai Wacharonke revealed that Prime Minister Srettha Thavisin is championing a dynamic approach to elevate the nation’s global standing by introducing an array of enticing new visa types to lure international talent.

According to data from the Board of Investment (BOI), Thailand has already granted working visas and work permits to over 56,000 foreign professionals involved in investment-promoted projects. Among these, more than 4,000 individuals hold long-term resident (LTR) visas. This cohort includes 791 Americans, 479 Russians, 332 Brits, 277 Chinese nationals, 236 Germans, 207 Japanese, and 198 French citizens.

Notably, there are also 2,170 smart visa holders, comprising skilled workers and investors in key target industries, alongside a burgeoning startup community. These smart visa holders hail predominantly from the US, Russia, the UK, Japan, and Germany.

Chai emphasized that the LTR visa is a cornerstone of the government’s strategy to attract four high-potential categories of foreigners: specialists, work-from-Thailand professionals, high-income individuals, and retirees with their spouses or companions. What’s intriguing about the LTR visa is its ten-year duration, coupled with the privilege of unlimited re-entries and work permits. It also offers a substantial tax break, slashing personal income tax rates by up to 17% for experts, and it extends the mandatory reporting period to the Immigration Bureau (IB) from every 90 days to just once a year.

Furthermore, the cabinet is mulling over the introduction of a “Destination Thailand visa” (DTV) specifically designed for foreign nationals with digital skills. This initiative, expected to launch this month, aims to entice more technological talents to live, work, and explore the vibrant landscapes of Thailand.

The BOI has teamed up with the IB and Labour Ministry to establish the One Start One Stop Investment Center (OSOS), a single-window system to streamline the process for foreign experts, talents, and investors considering a move to Thailand.

“The prime minister places significant emphasis on attracting investment as a critical means of enhancing the country’s competitiveness,” Chai noted. “He believes that aligning our efforts with current global trends, through the implementation of these measures, will pave the way for sustained economic growth and solidify Thailand’s position on the international investment map in the long run.”


  1. Samantha J. June 4, 2024

    This seems like a smart move. Thailand has so much potential and attracting global talent can really bolster its economy!

    • Mark T. June 4, 2024

      It’s a good idea in theory, but what about the impact on local workers? Will they be displaced?

      • Samantha J. June 4, 2024

        I see your point, but with the right education and training programs, local workers can benefit too. It’s all about balance.

      • David L. June 4, 2024

        Balancing that is easier said than done. Corporations might prefer cheaper foreign labor over investing in local capabilities.

    • Natasha V. June 4, 2024

      Not to mention, the tax breaks for foreigners seem a bit unfair to the locals who don’t get such benefits.

  2. Chen June 4, 2024

    I love Thailand, and I’d move there in a heartbeat if the visas are easier to get. It’s great that they are making it more accessible!

    • Anna H. June 4, 2024

      Your enthusiasm is great, but have you considered the language barrier and cultural differences? It’s not just about easier visas.

    • Chen June 4, 2024

      True, but learning Thai and adapting to a new culture is part of the adventure. Many expats have done it successfully.

  3. grower134 June 4, 2024

    More foreigners in Thailand? That means more crowded beaches and higher prices. This policy might ruin the charm of Thailand!

  4. Dr. Olivia Smith June 4, 2024

    From an economic standpoint, this strategy could position Thailand as a hub for innovation, especially with the rise of remote work.

    • James P. June 4, 2024

      I agree. Remote working trends are on the rise, and countries that adapt will thrive. Thailand is on the right track here.

    • Vincent M. June 4, 2024

      But innovation needs more than just visas. There needs to be infrastructure, education, and supportive government policies.

  5. Emily Davis June 4, 2024

    Exciting times for Thailand! Hopefully, this will also bring in diverse cultures and make Thai cities more cosmopolitan.

  6. Roland June 4, 2024

    I am skeptical. Often these policies favor the rich and the skilled, while the average local workers see no real benefit.

    • Sarah_P June 4, 2024

      It’s not just about the locals, though. Foreign skilled workers can create jobs and stimulate the economy in the long run.

    • Roland June 4, 2024

      True, but such economic benefits are not always evenly distributed. Wealth gets concentrated in the hands of a few.

    • Eddie Thomas June 5, 2024

      That’s the reality of capitalism. The goal is to minimize inequalities, but it’s tough.

  7. Lucas R. June 4, 2024

    I wonder how these new visa policies will impact the environment. More people might mean more pollution and strain on resources.

  8. Priya S. June 4, 2024

    Will these visas also help improve the quality of life for existing residents, or is it just about attracting more foreigners?

  9. Kai Wong June 4, 2024

    Prime Minister Srettha’s plan is ambitious. It could work wonders if they manage the implementation well.

  10. Joe June 5, 2024

    Why would Thailand need to depend on foreigners for its development? Aren’t there already enough talented Thais?

    • Linda A. June 5, 2024

      Every country benefits from international expertise. It’s about exchanging knowledge and fostering global connections.

    • Joe June 5, 2024

      I get that, but shouldn’t the focus be on nurturing local talent first? Investing in education and local startups might be more sustainable.

    • Haruto Yamamoto June 5, 2024

      A blend of both strategies is essential. Nurturing local talent while welcoming global expertise can propel Thailand forward.

  11. Michael G. June 5, 2024

    As someone who’s planning to retire soon, the LTR visa sounds appealing, especially with tax benefits and fewer immigration checks.

  12. Olga R. June 5, 2024

    Russia is one of the countries with the highest number of visa holders in Thailand. It’s a good move for international relations too.

  13. TechieJoe June 5, 2024

    The Destination Thailand visa could be a game-changer for digital nomads. With the right infrastructure, Thailand could rival Silicon Valley!

    • Marie K. June 5, 2024

      True, but will Thailand’s internet and tech infrastructure support this flood of digital nomads effectively?

    • TechieJoe June 5, 2024

      Great point. The government needs to ensure robust internet and supportive policies to make this work.

  14. Liam Watson June 5, 2024

    This move could lead to an increase in property prices, making it harder for locals to afford homes in their own country.

    • Caitlyn H. June 5, 2024

      That’s a valid concern. Hopefully, the government will implement measures to prevent such a scenario.

    • Liam Watson June 5, 2024

      It’s crucial they do. Otherwise, economic benefits for a few could spell hardships for many.

  15. Natalie B. June 5, 2024

    While attracting foreign talent is good, I hope the government also focuses on improving the quality of life for existing residents.

  16. reisak June 5, 2024

    Is this just another way for the rich foreigners to find tax havens? Thailand should be cautious about who they give these benefits to.

  17. Ahmed A. June 5, 2024

    Every nation is looking for a way to stay competitive. If Thailand executes this well, it could be a model for other countries.

  18. Sofia M. June 5, 2024

    Not sure how I feel about all these foreigners coming in. It changes the cultural fabric of the nation.

  19. Mikhail June 5, 2024

    Thailand’s vibrant economy and new policies make it a promising destination for investors worldwide.

  20. Order Cannabis Online Order Cannabis Online

Leave a Reply

Your email address will not be published. Required fields are marked *

More from ThailandMore posts in Thailand »