News Forum - Cabinet approves measure to entice “high potential” foreigners to Thailand

[Thaiger]

The cabinet has approved a measure to entice “high potential” foreigners, such as wealthy retirees and specialists, to spend a prolonged period in Thailand. The measure is a bid to promote foreign investment and to improve the struggling economy. The 4 groups that the government hopes to attract to Thailand are high income earners, foreign retirees, experts in different fields, and people who want to use Thailand as their base of work. Government spokesperson Thanakorn Wangboonkongchana says Thailand is setting a target goal of getting 1 million of these high potential foreigners over the next 5 years. The expectation is […]

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[DoUKnowWhoIAm]

"The visa will grant privileges like not having to notify Thai authorities every 90 days"

Then why would anyone need to do 90 day reports? Just a rule made to be a pain in the *@$#'?

[Bob20]

You won't hear anything anymore about 99.9% of what they suggest.

We used to call that brain-storming.

Here they should add -less 

[a3tsw]

Subject to Status.

Terms & Conditions Apply.

... (so many it will make ones head spin)

 

[Disenfranchised]

What about those already here? 

I see no reason why the 90day cannot be dropped for those who have permanent address's, especially those who have been here a number of years at the same address. Just require a change of address. Then there is all the duplicate paperwork required when renewing the visa each year. Even if you have been here 20 years you still have to submit the same old stuff. God knows where all the paper ends up.

[Nipral]

yet another moronic piece of b.s. from this stupid military bunch of idiots. Will never see the light

of the day ! In addition no "high potential" foreigner will ever set foot in this country.

[EdwardV]

“Thanakorn adds that laws and regulations concerning land ownership will also be modified to attract foreign investors.” - what does that mean? The Devil is in the details. 

[Jason]

Just keep reminding yourself....they're soldiers. They really don't have any idea about anything, except  how to prosecute wars. They certainly have no idea about this stuff, so it's futile to expect that of them. 

[Stonker]

Dear God, not another one - or even the same one!

These are all just based on the same old absurd fallacies.

However attractive the "package", it won't transform Benidorm into Monte Carlo and what attracts people or puts them off will be unchanged as it's just very thin window dressing.

"High potential foreigners" aren't attracted by not having to do a 90 day report as someone else would do it for them anyway.

The very rich, even with ten or a hundred times as much to spend as the mere rich, don't spend ten or a hundred times as much - at least not when they're here.

One person spending $100,000 doesn't put any more into the economy than ten spending $10,000 and they're a lot harder to attract and their money doesn't get spread around as much.

The list just goes on, as it always has.

[MrStretch]

This is the second time in a year they have floated these ideas.

They really don't know what they're talking about.  If they changed land ownership rules and allow foreigners to own land, soon they won't own their own country.  It has been one of the few laws that has left them in control.

Dropping the rule that a new company must hire at least 4 Thai nationals will also bite them in the ass, as better-run, more efficient enterprises will begin without Thais, so they can maintain their efficient operations and will outgun and outrun their local competitors. 

They really don't want 1 million well-off foreigners, because it would create a subclass they won't be able to understand or handle.

These idiots need to follow the old king's vision and stop looking outside of Thailand to make Thailand profitable and concentrate more on creating a self-sustaining economy, with a look toward green industry and more efficient agriculture.

As long as Thailand's leaders believe that only foreign money will save them, they will forever be moving in a direction that places  them beneath those that have that money.

 

[Stonker]

18 minutes ago, Nipral said:

... this stupid military bunch of idiots. 

7 minutes ago, Jason said:

....they're soldiers. 

Actually, apart from in the Senate, no more are than in any previous government.

[Griff1315]

8 minutes ago, Jason said:

Just keep reminding yourself....they're soldiers. They really don't have any idea about anything, except  how to prosecute wars. They certainly have no idea about this stuff, so it's futile to expect that of them. 

I for one would hate to be in a war with these clowns as Generals.

[Stonker]

13 minutes ago, MrStretch said:

These idiots need to follow the old king's vision and stop looking outside of Thailand to make Thailand profitable and concentrate more on create a self-sustaining economy, with a look toward green industry and more efficient agriculture.

I agree with everything else you've said, and I don't want to either de-rail the thread or stray onto dangerous ground, but his "vision" was never for a "sustainable economy", although that may have been a bonus, but for a "sufficiency economy", where whatever you had, large or small, was "sufficient".

Although there may be some overlap and they're often confused, the two are obviously very, very different.

[TukTuk]

I lived in Thailand for 10 years.

I qualify for this new plan.

However, I will not be moving back, ever.

Thailand has not improved one bit and every year it gets a little worse. Let's not even count Covid.

Traffic issues, air pollution, rising costs, skeptical attitudes towards foreigner's in general. A gov't that never seems to want to do anything positive for the people except stuff their own pockets with corruption money and then when they have enough, they move to the UK, Australia, Canada, USA.

Let's not get into the how cheap it is to live in a one room flat please. That is just not living.

Thailand is not some world class mecca many expats that have trapped themselves there make it out to be.

Retiring in Bangkok? Buying a condo in Bangkok? Noisy, dirty, polluted, bumper to bumper traffic, scams everywhere, the cost of western food higher than the west. Foolish idea. 

I want to retire somewhere clean, quiet, tranquil, where nature hasn't been destroyed with trash dumping and the water isn't filled with tons of plastic.

VISA issues are the least of any problem in Thailand.

[Convert54]

25 minutes ago, Disenfranchised said:

What about those already here? 

I see no reason why the 90day cannot be dropped for those who have permanent address's, especially those who have been here a number of years at the same address. Just require a change of address. Then there is all the duplicate paperwork required when renewing the visa each year. Even if you have been here 20 years you still have to submit the same old stuff. God knows where all the paper ends up.

I totally agree ! They reduced the compliance to the  TM 30 on the basis of "excursions" from stated permanent address . There was even a proposal to eliminate the "arrival" slip due to the storage space required ???? Extensions of  stay application documents on any basis must be devouring massive storage space by comparison if actually kept. So far in recent times the only concession to a more paperless system that Thai Immigration has adopted is the 90 day report although it still involves the inclusion of a piece of paper stapled in and subsequently  ripped out if  done in presence . But free ! For those that do their duty "online" ( when available) I guess up to them.

I suspect that given the nominal presence in any Immigration Office  of  multiple personnel that there is significant protectionism of a hierarchical bureaucratic system that provides  employment security in defiance of  modernization which would render many redundant.

In a more direct reference to the term "high potential" it provokes some dubious interpretations.

 

 

[Convert54]

37 minutes ago, Jason said:

Just keep reminding yourself....they're soldiers. They really don't have any idea about anything, except  how to prosecute wars. They certainly have no idea about this stuff, so it's futile to expect that of them. 

Which wars are those?

[Convert54]

5 minutes ago, TukTuk said:

I lived in Thailand for 10 years.

I qualify for this new plan.

However, I will not be moving back, ever.

Thailand has not improved one bit and every year it gets a little worse. Let's not even count Covid.

Traffic issues, air pollution, rising costs, skeptical attitudes towards foreigner's in general. A gov't that never seems to want to do anything positive for the people except stuff their own pockets with corruption money and then when they have enough, they move to the UK, Australia, Canada, USA.

Let's not get into the how cheap it is to live in a one room flat please. That is just not living.

Thailand is not some world class mecca many expats that have trapped themselves there make it out to be.

Retiring in Bangkok? Buying a condo in Bangkok? Noisy, dirty, polluted, bumper to bumper traffic, scams everywhere, the cost of western food higher than the west. Foolish idea. 

I want to retire somewhere clean, quiet, tranquil, where nature hasn't been destroyed with trash dumping and the water isn't filled with tons of plastic.

VISA issues are the least of any problem in Thailand.

Where to go then?

[Bob20]

1m of them?

They'd be lucky to get that many backpackers

I'm out of tissues again 

[AlexPTY]

laughable... it's for all or nothing. learn from elite visa fiasco  

[DrPhibes]

Soooo, I could come in build a business, buy a house with the land and 5 years later the government might decide to revoke my "special" status and I have fire sale my business and house and land?  Who would buy into this?

[DiJoDavO]

"and 270 billion in taxes." 

And still they do their best to make some foreigners not feel welcome, even if they own the Thai ID card. 

By the way, like many noticed already... If they don't need the 90day check, why should we? Or is that what you can remove with a certain payment? 

[DiJoDavO]

Not to say that foreigners should lead this country. But on immigration issues, it'd be a good idea to have some group of foreigners who live here a certain amount of years and add them to the discussion on certain topics like this. What do expats really want? 

If you look how many things that they thought was a great idea, have gone wrong.... Then they don't really understand foreigners. 

In this article it looks as if they want foreigners to come over, but making all the wrong choices is not gonna help. 

[Bob20]

2 minutes ago, DiJoDavO said:

Not to say that foreigners should lead this country. But on immigration issues, it'd be a good idea to have some group of foreigners who live here a certain amount of years and add them to the discussion on certain topics like this. What do expats really want? 

If you look how many things that they thought was a great idea, have gone wrong.... Then they don't really understand foreigners. 

In this article it looks as if they want foreigners to come over, but making all the wrong choices is not gonna help. 

There's a difference in being seen to want things, and actually wanting things...

[HolyCowCm]

Until it is reality and I see it there is no way I will dream and believe it. For here if it barks like a pig, it is a barking pig. 

[Stardust]

2 hours ago, Thaiger said:

The cabinet has approved a measure to entice “high potential” foreigners, such as wealthy retirees and specialists, to spend a prolonged period in Thailand. The measure is a bid to promote foreign investment and to improve the struggling economy. The 4 groups that the government hopes to attract to Thailand are high income earners, foreign retirees, experts in different fields, and people who want to use Thailand as their base of work. Government spokesperson Thanakorn Wangboonkongchana says Thailand is setting a target goal of getting 1 million of these high potential foreigners over the next 5 years. The expectation is […]

The post Cabinet approves measure to entice “high potential” foreigners to Thailand appeared first on Thaiger News.

Read the full story

Just compare the company and investment laws in Thailand to Singapore or Europe (and Monacco and swiss) and compare the standards, infrastructure, education level, beurocracy, etc and tell me one reason why they shall bring their money to Thailand? You cannot order them to come without doing the homework and with their level of incompetence. They do everything that all specialists, Investors, international companies leave Thailand. The condition went down the last 7 years and the worst most ever experienced. I know many international companies who put out most of their businesses and sections out of Thailand , froze all invests and some left Thailand complete. The last few years also a lot of foreign sme left Thailand because of the increasing bad conditions in Thailand especially for foreigners. Who want bad conditions, hassle and stupid laws, high risk, cangeroo courts, corruption , etc etc. ? Most of the biggest Investor companies who had their head office for south east asia in Bangkok left already before covid to Singapore.