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Trends and Insights

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28 Nov 2023

Thailand Introduces 10-Year Visas to Attract Foreign Investors

Aiming to attract foreign investments, Thailand will offer 10-year visas for investors in targeted businesses in its Eastern Economic Corridor (EEC), starting next year. The EEC hopes to secure investments of 500 billion baht ($14.23 billion) from 2023 to 2027. Instituted as part of a broader plan to facilitate high-tech industries' growth, investors may also receive work permits, a 17% flat income tax rate, and other benefits. [Source](