Work permit programme for Elite cardholders launched to draw in foreign investment

A work permit programme aimed at attracting rich foreigners and drawing in foreign investment has been launched by the Thailand Privilege Card company, which operates the Elite Card scheme. Cardholders who are eligible for the new Flexible Plus Programme must make an investment of US$1 million, which is around 30 million baht.

Under the new programme, cardholders with a membership of at least 10 years will be able to change their visa type from Privilege Entry to Non-Immigrant B, which will allow them to apply for a work permit. Spouses and children will also be able to change their visa type to a Non-Immigrant B, according to the president of Thailand Privilege Card Company Limited. The children of the cardholders must be under 20 years old to be eligible for the visa, and only three children per cardholder can apply.

An investment of 30 million baht is needed within a one-year…