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Recent Thai Visa Rules Announced by the Government 2024

The Thai government announced changes to immigration visa rules that would take effect on Saturday, June 1st. Read about why these measures were implemented, which visas were affected, and how in this article by PropertySights Real Estate.

  • New Visa Rules Introduced: Destination Thailand Visa

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Announced on May 28 during a crucial Cabinet meeting, the plan outlines strategic measures for 2024-2025 to attract a diverse array of visitors and expatriates by simplifying and enhancing visa regulations.

What Is the Purpose of the New Visa Measures?

The purpose of the new visa measures is to boost the Thai economy through higher tourism levels. The Kingdom is committed to increase the number of tourists entering the country by easing the standards and increasing the length of stay of certain visas.

According to government spokesman Chai Wacharonke, the goal is to increase the amount of foreign capital flowing into the country via the larger number of foreigners who will spend more time in the country and ensure long-term economic stability.

What Is the New Digital Nomad Visa That Was Approved?

The new digital nomad visa that was approved, known as the “Destination Thailand Visa,” or DTV, will be valid for 5 years. It grants permission to live and work in Thailand for up to 180 days per year for foreigners seeking longer stays for remote work or leisure. The reason for the 180 limit is that this allows the worker to avoid Thai personal income tax which must be paid when residing in The Kingdom for longer than that period of time.

The new rules target digital nomads and remote workers as well as those interested in sport training like Muay Thai, medical treatments, or seminars such as those on Thai cuisine. Some of the other details of the DTV long-term visa are as follows:

  • Targeting those who are 20 years old and over and can prove they have 500,000 baht in savings
  • Work permit applications are not permitted but holders can earn untaxed foreign income while in Thailand
  • Visa application fee of 10,000 baht ($270)

Who Can Apply for DTV?

Skilled talent, digital nomads, freelancers, and participants in cultural, educational, or medical activities.

What Changes to Thai Visa Exemptions Were Made?

The changes made to Thai visa exemptions (TR-60) include adding 36 countries to the exemption list and giving those countries 60 days in The Kingdom rather than 30. The total number of countries on that visa-free entry list is now 93 and those that were added or made permanent members include:

  • Albania
  • Cambodia
  • China
  • India
  • Jamaica
  • Kazakhstan
  • Laos
  • Mexico
  • Panama

In addition to the visa exemption changes, 12 new countries were added to the list of those eligible for visas-on-arrival. Such countries are eligible for a 15-day stay assuming they clear visa procedures with the immigration bureau on arrival. After the changes, those countries include:

  • Armenia
  • Costa Rica
  • El Salvador
  • Fiji
  • Kyrgyzstan
  • Malta
  • Saudi Arabia
  • Taiwan
  • Venezuela

What Restrictions on Visa Holders Have Been Eased?

Restrictions on specific visa holders have been eased that either make it easier to obtain the visa or lengthen the period of stay. The two main visas that the recent Thai government changes apply to are the retirement visa and the student visa.

1. Retirement Visa

The main change impacting the retirement visa is that medical insurance requirements will decrease. In the past, those applying for this visa needed to prove that they had 3 million baht ($82,000) in coverage. The May 28th changes will decrease the total number to 440,000 baht ($12,000), making it much more accessible to many retirees.

These changes will remain effective from September to December, according to government spokesman Mr. Chai Wacharonke.

2. Student Visa

The main change to the student visa is that the length of stay for post-secondary students will be extended by a full year past their graduation date. Previously, international students had to leave the country upon graduation. The government hopes that students will search for employment and fill qualified positions in Thailand post-graduation.

Future Plans for Visa Service Improvements in Thailand

Future plans for visa service improvements in Thailand will include developing an Electronic Travel Authorization (ETA) system for visa exempt countries and advanced technology for visa screening. The aim of introducing such technologies is to streamline screening and data integration for the Immigration Bureau.

Looking into property purchases could be the next step for those wanting to take advantage of the Land of Smile’s looser visa policies. For more information on the right fit for you, contact PropertySights Real Estate for a consultation with our seasoned experts today.

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Who we are

PropertySights Real Estate Company | Words from the Managing Director

Erick (Abe) Rubin, Manager of PropertySights Real Estate:
“Hello and nice to meet you,

My name is Erick and I am the Managing Director here at Rubin Global Co., Ltd. I wanted to introduce myself, provide a little information about my background and of course, my vision for the company.

My journey into real-estate began at Ariel University in Israel, where I studied a BA hons degree in Economics and Business Management, with a minor in Real Estate Appraisal. Upon graduating, I became a real estate assessor in a local Law and Appraisal firm before moving on to my employment at Anglo-Saxon, Israel’s largest real estate brokerage corporation.

With more knowledge and experience gained after learning from the best in the field, I moved to Singapore, where I began promoting Australian real-estate in the Singaporean markets. I gained a lot of real-life business experience and developed a better understanding of the business foundations and demands.

All this knowledge in tow, I then made my final move, to Bangkok. Lured in originally by the laid-back lifestyle, prominent culture, and rapid development. Bangkok quickly became a home from home. Thailand is affectionately referred to as ‘The land of smiles’ because of the friendly and approachable population. I aim to keep this tradition alive, ensuring that myself and the PropertySights Real Estate team are always happy to help and provide service with a smile.

Having worked in Israel, Singapore, and of course, Thailand, I am well-accustomed to the search for ‘The perfect property and location’ and know how tedious the research process can be. This is why I want to provide my readers with all the information they need in one place, helping them to make BIG decisions, with LITTLE effort.

What is our Vision for Real Estate Education in Thailand?

Our vision for Real Estate Education in Thailand is to share our knowledge with you and create a well-informed and empowered community of homeowners.

When looking to purchase a property in Bangkok or anywhere in Thailand, it is vital to conduct extensive research beforehand. You will need to be educated on the local property laws and tax regulations, the major developments taking place in the area, which neighborhood best suits your needs and conduct a title deed search and due diligence.

This may sound a lot, but there is power in knowledge and It is always better to be over informed than under informed when making such big life-changing decisions.

Why do we need to be educated on these topics?

  1. Property Laws and Tax regulations: Understanding the local laws helps you understand which properties you can purchase legally and allows you to foresee any planning implications.
  2. Current Major Developments: This affects the neighborhood value. Where large companies are investing and improving, home prices tend to rise. Being aware of what is up and coming, keeps you ahead of the curve, able to snap up a bargain before the prices rise.
  3. Knowledge of Neighborhoods: Bangkok is a huge city, with a population of 10.5 million. So there are, of course, many great areas to invest in. Knowing in detail what each neighborhood can offer, helps you decide which best suits your needs.

PropertySights Real Estate have done all the research for you and are ever-evolving and updating to keep you up to date with the fast-paced city that Bangkok is. We want to ensure that research, services, and real-estate options are all easily accessible and in one place. Saving you time and effort always.

Why Invest and Own Real Estate with PropertySights Real Estate?

Investing and owning real estate are solid investments that grow with time. When investing, you have both rental yield and capital appreciation.

The rental yield is the difference you make between the rental price and the price you pay for your investment.

The capital appreciation is the difference between the price you paid when you bought the property, and what it is worth when you sell it. This way, even if you choose not to rent your property, you are still able to make a financial gain. It is a win-win situation.

At PropertySights Real Estate, we have a team of experienced and well versed, local agents. We can provide you with up to date knowledge of the real estate market, the average price points and the up and coming areas. Not only can we help you make an informed decision, we can save you time and avoid costly mistakes.

Our utmost priority is ensuring that we are delivering the best possible investment for your real estate goal.

What are the Most Important Advantages and Reasons of Investing in Thai Real Estate?

Thailand emerged as the most popular real estate market amongst ASEAN countries according to data from the Thai Statistics Authority. In comparison the nearest South-East Asia country recorded 1.3 million properties sold.

Here are the seven advantages of investing in Thai real estate:
  1. Great returns increase over time
  2. Resilient economy and strong rental market
  3. Strategic location, infrastructure, and International Cooperation
  4. Thai Government support for the property market sector
  5. Solid possibility to obtain Thai residency
  6. Cheaper property prices compared to other countries
  7. Affordable cost of living for foreign investors

Here are the four reasons to invest in properties in Thailand:

  1. Enviable Lifestyle: rich and varied culture, a laid-back and friendly population, many well-established neighborhoods with ample lifestyle choices, Bangkok really has it all.
  2. Affordable: The low labor costs in Thailand make it cheaper to build, maintain and manage properties.
  3. Long Term resident Visas: Recently, Thailand introduced long-term resident visas, making it easier for expatriates to relocate to the country.
  4. World Class Education: Bangkok is home to many of the best International Schools, Colleges, and Universities.
  5. High Quality Medical Care: About 1 million people expected to visit Thailand for Medical tourism in 2024 alone, and these statistics are rising annually.

Our Agency Team

Introducing the PropertySights Team:

Our team is made up of passionate, experienced, and well-qualified Real Estate agents. With extensive knowledge of Bangkok and its real estate market, we are small but mighty, and ready to help you!

Pattama Langstan – Senior Real Estate Agent (TREBA Broker licensed)

Jirapol Boonyavinich – IT Support

Our Research Team

David Taylor – Content research

Our Values

We are a close-knit team of real estate experts, each with a shared vision for integrity and honesty. Our steadfast commitment to our morals forms the cornerstone of our operations.

For us, transparency is not just a policy, but a virtue we embody. We aim to create lasting relationships and provide authentic communication, enabling our clients to rely on us in an industry that demands trust.

Why Work With Us?

PropertySights Real Estate is a one-stop boutique agency. Our professional and personable team offer real estate services tailored to suit your individual needs in Thailand.