- April 19, 2017
- Posted by: CIP Journal
- Category: Golden visa, Residency
Thailand’s new residence-by-investment program (“Thai golden visa”) gives foreigners the right to live in the country for up to 20 years. It’s the first program of its kind worldwide, offering unlimited access to the jewel of Southeast Asia as well as a range of complimentary VIP privileges.
The special residence visa is issued by the Thailand Privilege Card Company Limited (TPC) – a wholly-owned subsidiary of the Tourism Authority of Thailand.
- No minimum stay requirements in Thailand (stay for days, weeks, or months)
- Attractive tax benefits. Tax on income only sourced in Thailand
- VIP services include lounge access, airport transfers and 24h support.
Thailand Elite offers seven program options, each varying in validity, benefits and costs. The following are the three most popular options available:
|Elite Ultimate Privilege|| 20-year residence visa for individuals who pay a one-off fee of approximately USD 60,000, plus an annual fee of approximately USD 600. Applicants must be aged 20 years or older. The residence visa can be transferred once during the 20-year validity at 20% of the prevailing rate. The package includes the following complimentary privileges:
|Elite Privilege Access||Designed for family applications with a 10-year residence visa for each applicant. The one-off fee is approximately USD 30,000 for the main applicant and USD 22,500 for each dependent. Dependents may include legitimate parents, step-parents, spouse (including by civil union), children and step-children. There is no annual fee and no age restriction. The residence visa cannot be transferred. The package includes complimentary privileges such as VIP transport services (limited to 18 short-haul airport transfers for international flights), government concierge services, plus one annual health check per person at a local private hospital.|
|Elite Easy Access||Popular option for expats or business persons to enter and exit Thailand. For this five-year residence visa, the one-off fee is approximately USD 15,000. There is no annual fee and no age restriction. The residence visa cannot be transferred, but can be upgraded to the Elite Ultimate Privilege option for approximately USD 45,000.|
The application process takes less than one month to get visa issuance at designated international airports.
To naturalize for Thai citizenship, investors have to spend 5 years living in Thailand, must prove minimum income and have renounced previous citizenship. Dual citizenship is restricted in Thailand.
Please contact us for more information about this programme.