Institutes new investor visa for Eastern Economic Corridor (EEC)
24 Nov 2023
On 24 November 2023, the Government of Thailand approved the Eastern Economic Corridor (EEC) visa and work permit for foreigners, imposing a flat income tax rate of 17 per cent to boost foreign investments. The EEC, which covers three provinces east of the capital Bangkok, is a centerpiece of government efforts to boost growth and encourage investment, particularly in high-tech industries. The visa will have a maximum duration of 10 years, following the duration of the employment contract, and can be used an unlimited number of times, starting from 1 January 2024. It is categorized into four types: "S"(specialists), "E"(executives), "P"(professionals), "O"(spouses and dependents). Significant benefits include automatic issuance of the EEC work permit, unlimited usage, online reporting options, and a special fast-track channel at international airports throughout Thailand.
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Type:
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Treatment and operation (Immigration regulations)
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Promotion and facilitation (Investment facilitation , Investment incentives)
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