In March 2022, Thailand officially launched the Flexible Plus Program in a bid to attract high-net-worth foreign investors. The program is only open to Thailand Privilege Card members, and offers international investors the ability to convert their privilege entry visa into a non-immigrant (B) visa, which will then enable them to apply for a work permit.
The program is supervised by the Thailand Privilege Card Co. Ltd, a state-owned company under the supervision of the Tourism Authority of Thailand (TAT), a government agency mandated to promote Thailand’s tourism industry.
The Thailand Privilege Card company offers high-value foreign investors a ‘privilege entry visa’ that allows the holder to travel in and out of Thailand without the need for a re-entry permit.
Foreign investors must pay a membership fee of up to 1 million baht (US$29,164) to receive and is valid for between five and 20 years, depending on the card type. Further, holders of this visa are provided a variety of benefits and services to facilitate their stay in the country, ranging from airport transport to annual health checks.
Who can apply?
Only Thailand Privilege Card members are eligible to join the program. Further, the members must hold one of the three following Thailand Privilege Card types:
- Elite Ultimate Privilege (EUP)
- Elite Superiority Extension (ESE)
- Elite…
