Thailand aims to lure up to 1m wealthy residents and cash in on remote-working professionals uprooted by Covid-19 by offering long-term visas to foreigners who invest $250,000-$500,000 in property or government bonds.
The visa scheme, unveiled by Prayuth Chan-ocha’s cabinet this week and subject to legal changes, will target “affluent global citizens”, wealthy pensioners, digital nomads working remotely and skilled professionals.
The launch of the visa scheme comes as the pandemic guts Thailand’s tourism industry, hurting business confidence and hitting the baht, which is one of Asia’s worst performing currencies this year.
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