Cabinet approves plans to attract long-stay foreigners to Thailand

13 Sept 11:55 Key points summarised by AI

Thailand's cabinet approved a new policy to attract four specific groups of long-stay foreigners for up to ten years, aiming to stimulate economic growth through their wealth, investment, or skills.
Targeted individuals include wealthy people, pensioners, remote professionals, and highly-skilled experts, who will be granted ten-year long-term residence visas, extendable after the initial five years.
Applicants must secure a qualification certificate from the Thai Board of Investment (BOI) or Thai embassies/consuls, with a visa fee of 10,000 baht per year and an annual reporting requirement.
Qualified professionals can apply for special work permits, valid for up to five years and extendable, aligning with the duration of their residence visa.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.