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Cabinet approves long-term 10-year visa to attract foreigners

By Erich Parpart

The cabinet on Tuesday approved measures to attract foreign investors and experts to Thailand for a long-term stay with a 10-year visa.

Thanakorn Wangboonkongchana, the government’s spokesman, said that the measures should attract more than one million foreign investors and experts within five years, which should increase the amount of money spent in the economy by more than one trillion baht.

“This includes 800 billion baht from the expected increase in investment and 270 billion baht from the expected increase in tax collections,” he said.

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— © Copyright Thai Enquirer 2021-09-15

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