Thailand’s Board of Investment (BOI), the agency in charge of screening applicants for Thailand’s long term resident (LTR) visa program launched in September 2022, recently presented the cabinet with a progress report on the implementation of the economic and investment stimulus measures to attract high-potential foreigners to Thailand (LTR Visa measures) and the problems and obstacles in implementing such measures.
Thailand’s LTR visa process explained
The LTR visa program has caught the attention of foreigners wishing to live in the kingdom because of the special benefits offered.
Thailand Long Term Resident (LTR) visa
Effective from 1 September 2022, Thailand’s new Long-Term Resident (LTR) visa program will provide a range of benefits for ‘high-potential’ foreigners.
Land ownership incentives for BOI promoted companies
The BOI has approved a measure allowing BOI promoted companies with paid-up share capital of Baht 50 million or more to own land to setup offices and residential quarters for executives and foreign experts.
Proposed amendments to Public Limited Company Act approved
The Thai cabinet recently approved proposed amendments to the Public Limited Company Act that will allow public companies to use electronic means to hold meetings and communicate with shareholders.
