Thaiger Posted February 2, 2022 #154129 Share Posted February 2, 2022 The 10-year visa scheme for wealthy foreigners and highly-skilled professionals is expected to attract engineers and IT experts, potentially boosting technology development in Thailand as the country anticipates a shortage of digital workforce over the next few years. The long-stay visa scheme was approved in principle by the Thai Cabinet last month, targeting foreign investors, highly-skilled professionals and wealthy retirees in a bid to boost the economy. Chairperson of the Federation of Thai Industries, Supant Mongkolsuthree, told the Bangkok Post that engineers and IT experts should be given priority when applying for the new long-stay visa scheme. “Engineers and IT […] The story 10-year visa to attract engineers and IT experts, boost technology development as seen on Thaiger News. Read the full story Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/ Share on other sites More sharing options...
Artemis080 Posted February 2, 2022 #154132 Share Posted February 2, 2022 All announcements. Light on actually anything happening, other than the use of the latest buzzwords - 10 year visa. 2 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154132 Share on other sites More sharing options...
TSS Posted February 2, 2022 #154154 Share Posted February 2, 2022 gotta love the buzz words: "set to lure, expected to attract, on track to bring in." then: sound of crickets 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154154 Share on other sites More sharing options...
Stonker Posted February 2, 2022 #154259 Share Posted February 2, 2022 3 hours ago, Thaiger said: ... should be given first priority to receive the visas. Fair enough - otherwise they'll be trampled in the stampede ... 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154259 Share on other sites More sharing options...
Cabra Posted February 2, 2022 #154297 Share Posted February 2, 2022 Pay scale is way too low in THA to attack western IT experts. 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154297 Share on other sites More sharing options...
Satoshi Posted February 2, 2022 #154356 Share Posted February 2, 2022 Cabral. Not true. I setup an crypto consultancy here and am making the same revenue as I would in Europe, with less tax, better weather and good food :) Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154356 Share on other sites More sharing options...
JamesR Posted February 2, 2022 #154494 Share Posted February 2, 2022 So what are the details? I have 30 years experience in software engineering, a degree in the subject and a masters degree from Oxford in the subject, will that get me the visa or do I have to put in money as well? Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154494 Share on other sites More sharing options...
Freeduhdumb Posted February 2, 2022 #154501 Share Posted February 2, 2022 1 hour ago, JamesR said: So what are the details? I have 30 years experience in software engineering, a degree in the subject and a masters degree from Oxford in the subject, will that get me the visa or do I have to put in money as well? The visa scheme is targeted at 4 types of wealthy foreigners: rich “global citizens,” rich retirees, rich professionals working in Thailand, and highly skilled professionals. To be considered a “rich global citizen,” the foreigner must invest at least 16.35 million baht, or US$500,000, in government bonds, property or foreign direct investment. They must have at least US$80,000 in income earned over the last 2 years and US$1 million in assets. Rich retirees must be 50 years old or older. They must invest $250,000 in government bonds or real estate as well as have an annual income of at least US$40,000. For those working in Thailand, to be eligible for the proposed long-stay visa, they must be close to retirement and have an annual income US$40,000. They must also have at least a master’s degree or rights in intellectual property with 5 years of experience in research. https://thethaiger.com/hot-news/visa/thailand-looks-into-10-year-visa-for-the-rich-allowing-land-and-property-ownership 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154501 Share on other sites More sharing options...
samiam123 Posted February 2, 2022 #154503 Share Posted February 2, 2022 (edited) 9 hours ago, Satoshi said: Cabral. Not true. I setup an crypto consultancy here and am making the same revenue as I would in Europe, with less tax, better weather and good food :) What exactly does a crypto consultant do? Please don't say you are another one of those crypto chads pumping coins and NFTs on youtube & social media. Edited February 2, 2022 by samiam123 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154503 Share on other sites More sharing options...
HiuMak Posted February 2, 2022 #154518 Share Posted February 2, 2022 Good news .....Indians will flock in batches 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154518 Share on other sites More sharing options...
JamesR Posted February 3, 2022 #154521 Share Posted February 3, 2022 2 hours ago, Freeduhdumb said: The visa scheme is targeted at 4 types of wealthy foreigners: rich “global citizens,” rich retirees, rich professionals working in Thailand, and highly skilled professionals. To be considered a “rich global citizen,” the foreigner must invest at least 16.35 million baht, or US$500,000, in government bonds, property or foreign direct investment. They must have at least US$80,000 in income earned over the last 2 years and US$1 million in assets. Rich retirees must be 50 years old or older. They must invest $250,000 in government bonds or real estate as well as have an annual income of at least US$40,000. For those working in Thailand, to be eligible for the proposed long-stay visa, they must be close to retirement and have an annual income US$40,000. They must also have at least a master’s degree or rights in intellectual property with 5 years of experience in research. https://thethaiger.com/hot-news/visa/thailand-looks-into-10-year-visa-for-the-rich-allowing-land-and-property-ownership Thanks for the info, I will look into it, it looks like I might be able to go for the masters degree in software engineering and the $40k income part of the requirement. 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154521 Share on other sites More sharing options...
Daryle Posted February 3, 2022 #154629 Share Posted February 3, 2022 6 hours ago, samiam123 said: What exactly does a crypto consultant do? Please don't say you are another one of those crypto chads pumping coins and NFTs on youtube & social media. Precisely the same question... Do you apply the KY before or after they get shafted? 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154629 Share on other sites More sharing options...
Benroon Posted February 3, 2022 #154657 Share Posted February 3, 2022 5 hours ago, HiuMak said: Good news .....Indians will flock in batches Exactly that - India turns out very good IT technicians in droves - just ask the tens of thousands of good UK IT workers that have lost well paid jobs to them as their companies get outsourced. If you are going to work in Thailand as an IT technician you will be required to work for peanuts compared to the comparable job in your country. A non starter for most people unless you're desperate for work. Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154657 Share on other sites More sharing options...
Benroon Posted February 3, 2022 #154660 Share Posted February 3, 2022 7 hours ago, samiam123 said: What exactly does a crypto consultant do? Please don't say you are another one of those crypto chads pumping coins and NFTs on youtube & social media. Remember the days when the only consultant you would find would be in a hospital ? Now everyone's a 'consultant' ! The title is next to meaningless now. Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154660 Share on other sites More sharing options...
HiuMak Posted February 3, 2022 #154691 Share Posted February 3, 2022 1 hour ago, Benroon said: Exactly that - India turns out very good IT technicians in droves - just ask the tens of thousands of good UK IT workers that have lost well paid jobs to them as their companies get outsourced. If you are going to work in Thailand as an IT technician you will be required to work for peanuts compared to the comparable job in your country. A non starter for most people unless you're desperate for work. Indians are used to peanuts. It will be a bigger nut in Thailand compared to India 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154691 Share on other sites More sharing options...
Cabra Posted February 3, 2022 #154780 Share Posted February 3, 2022 20 hours ago, Satoshi said: Cabral. Not true. I setup an crypto consultancy here and am making the same revenue as I would in Europe, with less tax, better weather and good food :) It's 100% correct. You have lost the plot of the article and my initial reply. I'm talking about pay scale within THA, and paid by Thai companies to employees. Not the billing rates you get working from for western clients. p.s. if you are looking for a reply, you need to us the forums interface correctly... either reply @ me (with correct spelling), or capture a quote from my original post, else it never gets read. Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154780 Share on other sites More sharing options...
SSimpson Posted February 3, 2022 #154880 Share Posted February 3, 2022 I can't honestly see a wealthy retiree investing $250k and verifying an annual income of $40k to obtain a 10 year visa. Given Thailand's volatile political history, a lot can happen in 10 years and if you're eligible (i.e. 50+), you can already obtain an annual retirement visa if you have a monthly income of 65k Baht ($1,960) or a lump sum of 800k Baht ($24,125) for a fee of 1,900 Baht. It's a no-brainer. 1 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154880 Share on other sites More sharing options...
samiam123 Posted February 3, 2022 #154889 Share Posted February 3, 2022 (edited) 8 hours ago, Benroon said: Remember the days when the only consultant you would find would be in a hospital ? Now everyone's a 'consultant' ! The title is next to meaningless now. I use the internet, so I am an internet consultant. Edited February 3, 2022 by samiam123 Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-154889 Share on other sites More sharing options...
HiuMak Posted February 4, 2022 #155074 Share Posted February 4, 2022 11 hours ago, samiam123 said: I use the internet, so I am an internet consultant. Consultants are for people out of jobs Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-155074 Share on other sites More sharing options...
HiuMak Posted February 4, 2022 #155075 Share Posted February 4, 2022 11 hours ago, SSimpson said: I can't honestly see a wealthy retiree investing $250k and verifying an annual income of $40k to obtain a 10 year visa. Given Thailand's volatile political history, a lot can happen in 10 years and if you're eligible (i.e. 50+), you can already obtain an annual retirement visa if you have a monthly income of 65k Baht ($1,960) or a lump sum of 800k Baht ($24,125) for a fee of 1,900 Baht. It's a no-brainer. Great advice Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-155075 Share on other sites More sharing options...
samiam123 Posted February 5, 2022 #156075 Share Posted February 5, 2022 On 2/3/2022 at 5:13 AM, SSimpson said: I can't honestly see a wealthy retiree investing $250k and verifying an annual income of $40k to obtain a 10 year visa. Given Thailand's volatile political history, a lot can happen in 10 years and if you're eligible (i.e. 50+), you can already obtain an annual retirement visa if you have a monthly income of 65k Baht ($1,960) or a lump sum of 800k Baht ($24,125) for a fee of 1,900 Baht. It's a no-brainer. Only if you literally have that much money to burn. There are very very few people that will attract. Quote Link to comment https://talk.thethaiger.com/topic/10824-news-forum-10-year-visa-to-attract-engineers-and-it-experts-boost-technology-development/#findComment-156075 Share on other sites More sharing options...
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