Golden visas bring billions of dollars of benefits to the countries that offer them, and the proposed changes to two of the most popular residency programs could redirect more than a half billion dollars of investment and spending. Juwai IQI Co-Founder and Group CEO Kashif Ansari outlines the impact.
Both Thailand and Singapore are making changes to their visa programs. Only one country stands out as the best placed to benefit.
Five-Year Economic Benefits of Shifts in Visa Applicants from Thailand to Malaysia
Juwai IQI. 1 THB = 0.130841 MYR. Results rounded.
Thailand has indicated that on October 1 it will announce a completely new regime for its popular Elite Visa program, which has more than 20,000 participants. Insiders say fees may increase by as much as 500%.
If Thailand changes its visa as much as expected, the Elite Visa could lose market share to Malaysia. The latter…
