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Thailand Government Announced 10 year Visa to Foreign Residents

November 2016, 26
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Thailand Government announced 10 year visa to foreign residents
Thailand Government came to a conclusion after internal cabinet discussion and announced 10 year visa to foreign residents to promote the country as medical hub.

The eligibility criteria is the applicant must be earning a minimum monthly salary of 2,816 USD or must have at least 84000 USD in their bank account which should be as in deposit for first year of the visa grant.  They should also have insurance policy with an annual cover of 10000 USD which allow hospital stay also.

Earlier the arrival population was from North America , Japan , and Europe but now more population from China are arriving and it has doubled over last five years . Chinese work permit holder have increase to 13.3 , where as Japanese who were traditionally the largest expats have fallen down to 22.8 from 25 percent. The real estate is largely affected as the Chinese choose less expensive stay comparative to other expats

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