In 2020, with more than 1783 applicants, Thailand Elite Residency Program became 4th the most popular investment migration program. As many foreign Thailand residents were unable to re-enter the country to renew their expiring visas due to the global pandemic, The Thailand Elite Residence Program became a reasonable solution. To outline the main program benefits, Mann’s Solutions team prepared a detailed overview of program benefits.
Long-term and Multiple Entry Visa
One of the main program benefits is a long-term and multiple-entry residence visa which allows investors and investors’ families to reside in the country throughout the visa validity. Besides, there are no minimum stay requirements and investors can plan their schedule in the most convenient way.
Tax Regime
Thailand Elite Residence Visa holders are tax-exempt on their foreign-sourced income if investors don’t stay more than 183 days in Thailand annually as in this way they don’t become tax residents. On the other hand, if a person chooses to become a tax resident, the tax on their local and foreign-sourced income would be up to 35% and the VAT rate 7%.
VIP Services
The program provides many complimentary VIP services, such as government concierge services, airport transfers, and access to lounges. Additionally, visa holders will get access to benefits and discounts across Thailand.
Thailand Elite Residency Program Overview
The Thailand Elite Residence Program offers investors and their families the right to live in the country for up to 20 years and access certain privileged services and benefits. Thailand is a well-known vacation destination located near Myanmar and Laos in Southeast Asia. The country is famous for its tropical beaches, ancient ruins, royal palaces and breathtaking temples.
The capital Bangkok, on the other hand is an ultramodern city and offers great business opportunities, spectacular views and iconic temples such as Wat Arun, Wat Pho and the Emerald Buddha Temple (Wat Phra Kaew). Thailand offers affordable high standard of living for any taste and has something for every visitor. Most popular attractions include spectacular ancient ruins, scuba-diving sites, quiet tropical islands, an exciting nightlife and multiple UNESCO World Heritage Sites.
Investment Options
Become a resident of Thailand by choosing one of the following qualifying investment options. The Thailand Elite Residence Program offers seven program options, Elite Easy Access, Elite Family Excursion and Elite Superiority Extension are the most popular ones, find detailed information about them below. It is also possible to obtain Thailand Residency by making a Real Estate Investment under Thailand Elite Flexible One Program. Contact our advisers for more detailed information.
1. Elite Easy Access
- Provides with five-year privilege entry visa, the one-time fee is $19,000.
- There is no annual fee and no age restriction.
- The residence visa cannot be transferred but can be upgraded to the Elite Ultimate Privilege option for $50,000.
2. Elite Family Excursion
- Designed for a minimum of two people, with a five-year residence visa for each member. The one-time fee of $25,000 covers both applicants.
- Additional charge of $10,000 will be applied for each dependent. The applicant’s dependents can include legitimate parents, stepparents, spouse (including by civil union), children, and stepchildren.
- There is no annual fee and no age restriction. The package includes complimentary VIP services.
3. Elite Superiority Extension
- Provides with 20-year privilege entry visa for individuals who pay a one-time fee of $32,000.
- There is no annual fee and no age restriction.
- The package includes complimentary VIP services (government concierge services and airport services).
4. Real Estate Investment – Through Thailand Elite Flexible One Program
- Purchase real estate to apply for a privileged multiple-entry visa
- Minimum real estate investment of $320,000 is required.
- Residence status for 5 years, with the option to upgrade to another program after 2 years.
LONDON BASED SOLUTIONS ADVISERS – Thailand Elite Residency Program
Full Support with our Immigration Advisers & Property Consultants:
Property search based on your requirements (from residential properties to high-value luxury developments)
- Property virtual tours, 3-D tours and in-person tours available.
- Due diligence checks and additional property checks completed by our experts.
- Residency & Citizenship document preparation and submission.
- Full support until you receive your second passport & residency.
Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).
For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.
Photo by Sara Dubler on Unsplash
