Thailand has always been a favorite with long-term travelers, and staying in the country longer can just get easier. As the country was recently elected the best place to live for digital nomads, allowing these workers to stay may be the key to stimulating the economy. With pristine beaches, cheap living costs, and modern cafes with some of the fastest internet speeds around the world, the country is anything but ready to welcome another type of expatriate.
Now, against the backdrop of Covid-19 pandemic, more and more people have indicated that they are very eager to work from home. And, the Tourism Authority of Thailand takes note by offering to give 4 groups of travelers visa and investment incentives stay in the country.
One such group is the Digital Nomad, in which visas for these workers are gaining popularity around the world. Wealthy travelers, retirees, and highly skilled workers are also factored into new plans to boost Thailand’s economy.
Currently, foreigners are not allowed to work without obtaining a working license in the countryside. In addition, buying land or property is also not possible under existing laws. But, the new proposal would make such obstacles possible for these approved groups. The TAT has put forward specific criteria that groups must meet to qualify. If these conditions are met, he could get a 10-year visa for one of the groups.
For those who wish to obtain a digital nomad visa, proof of earning of $ 40,000 per year is required, as well as health insurance coverage of at least $ 100,000. Rich people, must submit proof of having $ 1 million in assets and at least $ 80,000 in income in the past 2 years when applying. In addition, they must invest $ 500,000 in Thai real estate or government bonds.
Retirees must prove that they are 50 years of age or over and have an annual income of US $ 40,000. They must invest in Thai real estate or government bonds at a minimum of USD 250,000. Those who are skilled workers must have the same income requirement. All groups must additionally secure health insurance coverage worth $ 100,000 before being allowed entry. This health insurance must include Covid-19 blanket.
Whatever your wishes to stay in Thailand, hopes abound as the Thai government pushes for more types of visas that benefit both the country and travelers. As Thailand prepares for open their doors to international tourists in the near future, those watching this beautiful Southeast Asian country can finally plan a new life by the country’s world-class beaches.
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