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Monday, April 29, 2024

Thailand’s Long-Term Resident Visa for Global Talent and Wealthy Residents: Aiming Too High?

Thailand’s latest move to attract global investment and talent might be a step too little, too late, given its slow start off the blocks and its unimpressive record on innovative visa schemes.

As more countries concentrate on research and development (R&D) and innovation in the global competition for digitisation, efforts to attract highly qualified talent are increasing in scale and complexity. Globally, highly industrialised wealthy countries like the U.S., United Kingdom, Germany, Japan, and Canada, eagerly welcome such talent with special visas. In Southeast Asia, Singapore revised and introduced its Overseas Networks & Expertise Pass in 2022, while Malaysia has promoted its “Malaysia My Second Home” (MM2H) scheme since 2002. In the same vein, Thailand aims to bring in substantial investments and qualified professionals to live and work in Thailand, to give a…

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