Chinese nationals top candidates for Thailand’s 10 yr LTR visa

In September, Thailand launched the 10-year Long Term Resident (LTR) visa to attract foreigners with ‘high potential’ into the dominion. Chinese nationals represent 60% of LTR visa functions made so far, based on Chinese media.
Before the pandemic, Chinese nationals topped the record of overseas arrivals in Thailand every year, mostly arriving in huge groups on guided tours. However, bus-loads of Chinese tourists have been lacking from Thailand’s major tourist locations this year thanks to China’s Covid-zero policy. Right now, Chinese charter-group tours to Thailand stay banned.
Determined to get to Thailand, Chinese nationals have made applicants for 10-year LTR visas and Elite cards in Thailand as an alternative. Thai authorities haven’t released official information concerning LTR visa candidates. However, Chinese media reviews that Chinese nationals make up 60% of the two,500 functions made up to now. The Cambodian equal, the My Second Home Programme, has attracted an analogous amount of candidates.
Classified presents a piece permit in Thailand however has not received as many purposes as initially expected as a outcome of its prolonged, difficult and bureaucratic application process. Different documents and circumstances are required of five target groups: rich global residents, rich pensioners, high-skilled professionals, work-from-Thailand professionals, and dependents.
No obligation of Thailand’s ‘Elite’ cards have additionally surged 185% amongst Chinese nationals amid Xi Jinping’s strict Covid-19 coverage. Of the 20,000 members of the programme, 7,350 are Chinese. The most popular Elite card among Chinese nationals is the 5-year Elite Flexible Programme, which is a multiple-entry extendable visa.
The 5-year Elite Flexible Programme is designed for foreign traders who need to purchase property in Thailand price at least 10 million baht (US$320,000). Foreigners are at present permitted to purchase a condominium unit so lengthy as 51% of the items within the building are Thai-owned. The 5-year Elite programme may be prolonged to twenty years..

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