After the cabinet earlier this year gave the nod to 10-year visas for promising foreigners, it has now halved the fee.
The cabinet agreed Tuesday to cut the long-term resident visa, aka LTR visa, fee from THB100,000 (US$2,900) to THB50,000 (US$1,400), according to government spokesperson Rachada Dhnadirek.
The measure targets four eligible groups of foreign nationals: wealthy global citizens, wealthy pensioners, professionals working remotely from Thailand, and high-skilled professionals. One qualifying visa holder can bring in their spouse and children (no more than four children who are 20 or younger). They will be able to live in Thailand for up to 10 years.
High-income earners must have an average annual income equivalent to US$80,000 for two years prior to applying. Clear criteria for the eligible groups will be issued at a later date.
The measure…
