The Government of Thailand is once again, making unsubstantiated claims regarding its 10-year, multiple entry Long Term Residence (LTR) visa programme.
The government still reckons the LTR programme will attract one million foreigners over five years and act as a catalyst to boost the nation’s tourism and promote economic growth in Thailand.
According to the VN Express yesterday, the secretary general of Thailand’s Board of Investment, Narit Therdsteerasukdi, announced that 2,800 foreigners have already applied for the new visas since its launch on September 1 last year, with retirees accounting for 35%. However, the figures just don’t add up.
If the 2,800 figure is used after six months as an example and doubled after a year it becomes 5,600 applicants. If that figure is multiplied by five then it amounts to 28,000, somewhat short of the predicted one million. Of course,…
