The Elite visa has had a checkered history since then premier Thaksin introduced it 20 years ago. Basically it offers multiple entry residency in Thailand from 5-20 years in return for a cash payment from 600,000 baht to around two million.
The visa has proved popular with many nationalities, especially property owners and retirees, as there is no need to show financial records on an ongoing basis and no compulsory medical insurance. At the last count there were around 20,000 Elite holders in total.
Elite does not offer a work permit although Thailand Privilege offers a fast-track route if required. Compared with the 10 year LTR (long term residence) visa, or the 10 year O/X retirement visa, the documentary requirements for Elite are simple. It is far and away the most popular of the long- term options.
However, there are now concerns that some questionable fish may be slipping…
