Thailand’s long-term ‘high potential’ resident visa fee to be halved to ฿50,000

A tourist enjoys the view of the Hong islands from the infinity pool of a resort on Koh Yao Yai island in the Andaman Sea. (Photo by Mladen ANTONOV / AFP)

Thailand’s cabinet decided to cut the long-term resident (LTR) visa fee by half on Tuesday, to 50,000 baht, for foreigners who have “high capability or potential” and want to stay in the country for up to ten years, according to Deputy Government Spokesperson Rachada Dhnadirek.

The measure, to come into effect 90 days after it is published in the Royal Gazette. is targeting four groups of foreigners, their spouses and no more than four children who are not over 20 years old. They are high-income individuals, foreign pensioners, people who want to work from Thailand and specialists.

The incentive is to encourage foreign investment in Thailand and to stimulate the economy, with an aim of up to one million…