Thailand Flexible Plus Program: Attracting High-Net-Worth Investors

In March 2022, Thailand officially launched the Flexible Plus Program in a bid to attract high-net-worth foreign investors. The program is only open to Thailand Privilege Card members, and offers international investors the ability to convert their privilege entry visa into a non-immigrant (B) visa, which will then enable them to apply for a work permit.

The program is supervised by the Thailand Privilege Card Co. Ltd, a state-owned company under the supervision of the Tourism Authority of Thailand (TAT), a government agency mandated to promote Thailand’s tourism industry.

The Thailand Privilege Card company offers high-value foreign investors a ‘privilege entry visa’ that allows the holder to travel in and out of Thailand without the need for a re-entry permit. Foreign investors must pay a membership fee of up to 1 million baht…