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Saturday, May 18, 2024

Thailand introduces 10-year EEC visa to attract global talent

Picture courtesy of Gwengoat via iStock

Aiming to bolster the Eastern Economic Corridor‘s (EEC) potential as a regional industrial powerhouse, Thailand’s Cabinet has sanctioned a novel 10-year visa specifically designed for top-level professionals and experts. The EEC visa is part of a strategic move to attract talent to the country’s targeted industries, as announced by deputy government spokeswoman Rudklao Intawong Suwankiri following a recent cabinet meeting.

The new visa permits a five-year stay with the option to extend and multiple entries, but it is contingent on the duration of the employment contract. It encompasses four distinct categories catering to specialists, executives, professionals, and their families.

Furthermore, to sweeten the deal for these skilled individuals, the government has introduced an attractive personal income tax incentive, capping the rate…

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