Thailand, known as the land of smiles, is a popular destination in Southeast Asia renowned for its beaches, incredible landscape and friendly welcome. As the country recovers from tourism losses caused by COVID-19, the government has announced a new long-term visa programme that will allow ‘wealthy’ foreigners and certain highly skilled professionals to stay in the country for up to 10 years.
In a bid to lure foreigners to invest in property in Thailand, and until December 2022 only, Thai-based property developers are giving investors who acquire a condo worth US$333,000 or more a Thai Elite visa, allowing them residency in Thailand for five years.