Folks, if you've got a cool US million dollars to invest, do you really need a work permit . . . ?
Of course, you need an Elite card to be eligible.
Well, that's one way to deal with the hurdles - just grab your million and it's off to Thailand!
Anyone notice something missing from the article? If you actually want to do this, who do you contact to sign up?
But you better hurry - act NOW - don't wait - offer ends March 31 (batteries not included) . . .
Plan to grant work permits to foreigners who invest $1m clears first hurdle
November 19, 2020
The government's Centre for Economic Situation Administration (CESA) on Wednesday approved a plan to grant work permits to Elite Card holders who invest at least US$1 million in Thailand.
To be eligible, Elite Card holders must invest the money for five years in Thai property or businesses.
They must also have top-tier Elite Cards costing Bt1 million and valid for at least five years.
The move is aimed at luring more foreign investment, said Yuthasak Supasorn, governor of the Tourism Authority of Thailand (TAT).
Wednesday’s CESA meeting, which was chaired by Prime Minister Prayut Chan-o-cha, assigned the TAT to consult with the Foreign and Interior ministries before forwarding the plan for Cabinet approval.
The measure is expected to generate Bt31 billion – Bt1 billion from the sale of Elite cards and the rest from cardholders' investment in Thai assets.
The meeting also endorsed the TAT’s plan to partner with Thai Airways and local hotels to offer tourism packages plus quarantine stays to foreign visitors.
The packages will be offered from December 1 to March 31 next year, with a target of 2,000 visitors and Bt200 million in revenue per month.
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