Govt approves plan to lure 'high potential' foreigners to economy

Govt approves plan to lure 'high potential' foreigners to economy

FILE PHOTO: Immigration officers stand in front of an empty arrivals hall at Bangkok's Suvarnabhumi International airport amid the spread of the coronavirus disease (Covid-19), Thailand, June 3, 2020. (Reuters)
FILE PHOTO: Immigration officers stand in front of an empty arrivals hall at Bangkok's Suvarnabhumi International airport amid the spread of the coronavirus disease (Covid-19), Thailand, June 3, 2020. (Reuters)

The government on Tuesday approved measures to attract "high potential" foreigners, including longer term visas and tax benefits, officials said, as the country tries to boost its flagging economy.

The government expects to draw a million foreigners including wealthy global citizens, wealthy pensioners and high-skilled professionals, to spend 1 trillion baht per year, a government source told Reuters.

A government spokesperson later confirmed the information. 


Do you like the content of this article?
COMMENT (33)

More than 500 Ukrainian localities without power: ministry

KYIV, Ukraine: More than 500 Ukrainian localities remained without power Sunday following weeks of Russian airstrikes on the electric grid, an interior ministry official said.

4 Dec 2022

'Sun torture' probe plea

Army should back off from investigation after dozen recruits wound up in hospital under hours-long exposure to blazing sun, human rights advocate says.

4 Dec 2022

Protest-hit Iran abolishes morality police

TEHRAN: Iran has scrapped its morality police after more than two months of protests triggered by the arrest of Mahsa Amini for allegedly violating the country's strict female dress code, local media said Sunday.

4 Dec 2022