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Thailand Govt Offers Land Ownership To Wealthy Foreigners, Includes 10-Year Visa
You have to invest at least S$1.53M back into their economy.
By Iqmall Hayat - 16 Jul 2022, 6:34 pm
mustsharenews.com
Living abroad may simply be a pipedream for many Singaporeans. But if you’ve accumulated enough wealth, even dreams can become reality.
To lure wealthy foreigners, Thailand’s government plans to offer land ownership among other benefits.
In the past, foreigners owning land in Thailand has been restricted somewhat but now, and with the cabinet’s approval, that will set to change.
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However, to qualify for the scheme, wealthy folks will need to invest S$1.53 million (40 million baht) in Thai property, securities, or funds over a period of three years.
As mentioned earlier, this only applies to those who are able to invest S$1.53 million (40 million baht) into the Thai economy.
Aside from land, prospective investors will also get attractive tax benefits and a 10-year visa to the country.
Through the lucrative opportunity, the Thai government reportedly hopes to attract more skilled workers and retirees.
Reuters also reported that the scheme will undergo a review after five years.
That is to ensure that they’re on track to their projected figures, which include a S$38.2 billion (1 trillion baht) injection to the Thai economy and S$30.5 billion (800 billion baht) of new investments.
You have to invest at least S$1.53M back into their economy.
By Iqmall Hayat - 16 Jul 2022, 6:34 pm
mustsharenews.com
Living abroad may simply be a pipedream for many Singaporeans. But if you’ve accumulated enough wealth, even dreams can become reality.
To lure wealthy foreigners, Thailand’s government plans to offer land ownership among other benefits.
In the past, foreigners owning land in Thailand has been restricted somewhat but now, and with the cabinet’s approval, that will set to change.
ADVERTISEMENT
However, to qualify for the scheme, wealthy folks will need to invest S$1.53 million (40 million baht) in Thai property, securities, or funds over a period of three years.
Thai government offers land ownership for foreigners who invest into Thailand
According to Channel NewsAsia, the proposed scheme will allow foreigners to own up to 1 rai (0.16 hectares) for residential purposes from September.As mentioned earlier, this only applies to those who are able to invest S$1.53 million (40 million baht) into the Thai economy.
Aside from land, prospective investors will also get attractive tax benefits and a 10-year visa to the country.
Through the lucrative opportunity, the Thai government reportedly hopes to attract more skilled workers and retirees.
Reuters also reported that the scheme will undergo a review after five years.
That is to ensure that they’re on track to their projected figures, which include a S$38.2 billion (1 trillion baht) injection to the Thai economy and S$30.5 billion (800 billion baht) of new investments.
