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Monday, May 6, 2024

Elite Card to lure wealthy investors with work visas

Yuthasak Supasorn, Tourism Authority of Thailand governor and chairman of the board of directors at Thailand Privilege Card

Thailand plans to use a newly introduced Thailand Elite Card programme offering a work permit to lure investments from international professionals.

Yuthasak Supasorn, Tourism Authority of Thailand (TAT) governor and chairman of the board of directors at Thailand Privilege Card (TPC), the operator of Thailand Elite Card, said the Royal Gazette published on Jan 6 privileges for cardholders in the Flexible Plus programme, including changing the Privilege Entry Visa to a non-B visa and five-year work permit.

Cardholders receive these privileges if they apply for one of three types of cards worth 1 or 2 million baht and invest at least US$1 million in either real estate, a limited company…

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