They’re finally off! From Thursday this week, immigration bureaux, Employment Department provincial offices, the Board of Investment and embassies abroad will all be ready to receive applications for the new decade-long visa. It’s the LTR or Long Term Resident variant. But critics say the advantages and perks are somewhat limited, with some of them already embodied in existing visa options.
The income and investment requirements differ according to the application category, but umpteen thousands of high-value (rich) foreigners are being sought to boost the Thai economy. If you think one million baht is a fortune, this visa isn’t for you. The authorities are thinking more in terms of one million US dollars. The cheapest category is for retirees over 50 and your…
