Despite claims of being able to lure one million expats in five years – which averages to 200,000 a year, or just under 17,000 per month – the actual figures in the first few months have fallen flat. Thailand’s new long-term resident (LTR) visa has attracted almost 3,000 foreign applicants in the four months since its introduction, according to a government spokesperson.
The 10-year, multi-entry visa was designed to lure wealthy and skilled foreigners to the country. The visa was introduced on November 1 last year as part of the government’s push to attract talented foreigners and multinational companies to Thailand.
Between November 1 and February 28 this year, the Board of Investment (BOI) received 2,920 applications for LTR visas. The largest group of applicants was from…
