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. 


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