Somchai Soongswang, President of Thailand Privilege Card Co., the operator of Thailand’s Elite Visa program, last week told the Bangkok Post that memberships had reached 11,000, up from 8,602 at the end of September last year. Soongswang, in other words, has already reached and surpassed the goal he set for himself in December; reaching the 10,000-member milestone in 2020.
Recently report figures indicate that interest in the program is at fever-pitch. Prior to the pandemic, explained Mr. Soongswang, his company approved about 100 applications a month. In August and September, however, that rate has doubled. The average monthly number of applications received, meanwhile, grew from 300 before COVID-19 to about 500 in August and September.
“These figures show that a growing number of global investors see the value in Thailand Elite’s unique offering of an alternative…
