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Archive for August, 2022

28th August 2022

As the Immigration system in the Thailand increasingly normalizes two major events are near on the horizon with respect to Thai Immigration policy. The most pressing development is the introduction of the Thai Long Term Residence Visa (which is NOT actually a visa which confers permanent residence in Thailand). To quote directly from a recent article in the Bangkok Post:

Since the lifting of the strict lockdown in the first quarter of 2022, and the decrease in the number of Covid-19 cases, the Thai economy has shown signs of recovery. However, Thailand still faces a battle in bringing its economy back up to pre-pandemic levels in order to compete with its Asean neighbours, not to mention the world. Therefore, in June this year, the Royal Gazette formally announced the introduction of an initiative between the Ministry of Interior (MOI), the Ministry of Labour (MOL), and the Board of Investment (BOI) in the form of a Long-Term Resident (LTR) visa that is designed to attract a new wave of foreign direct investment (FDI) and knowledge transfer experts….Furthermore, while some of the related official regulations were enforceable in the middle of this year, others will be gradually implemented from the end of August 2022 to early September 2022 as the BOI plans to start accepting applications from Sept 1, 2022, onwards. However, there has been no announcement regarding the actual starting date or official online system to support the applications.

Although these visas seems unlikely to be utilized broadly, it does appear to be government policy to attract “High Net Worth” individuals to Thailand. Meanwhile, changes are also set to take effect with regard to the O-A retirement visa, to quote directly from the Pattaya Mail:

Special rules apply to those retirees with an O/A annual retirement visa issued by Thai embassies abroad. They need comprehensive, not Covid only, medical insurance worth US$100,000 to obtain the visa in the first place. They will also need it on applying for an annual extension of stay at immigration offices, although the amount is much smaller – around US$13,000 or 400,000 baht for hospitalization – until October 2022. Thai Cabinet news releases last year stated that the renewal insurance minimum would rise to US$100,000 on that date.

September and October appear to be months where major changes to Thai immigration policy will transpire. It is notable that this is all occurring while major changes are taking place with regarding to Thai visa exemption stamps and visas on arrival are poised to provide double the status to those eligible upon entry to Thailand. It will be interesting to see exactly how these developments play out from a practical perspective.

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