Thailand is competing with other countries to find rich and successful expats for a 10-year renewable visa.
Less than 3,000 expats have shown any interest in Thailand’s golden visa and there are no figures on how many of those have dropped out. Data from 10-year schemes in Malaysia and Cambodia suggest many potential applicants fail to complete. The Thai LTR (Long Term Residence) visa was launched in September 2022, but the Board of Investment is now seeking foreign investment companies to encourage the laying of more golden eggs by wealthy foreigners. There are problems to overcome.
As Thailand is pushing its brand of LTR, other countries are cancelling their versions. Both Portugal and Ireland have very recently cancelled their 10-year options because foreigners, especially Chinese and Russians, have been using their residency permits to buy up choice properties, thus fuelling…
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